Global Bank Kiosk Market (2021 to 2026) – Introduction of NFC-Based Contactless Payments in Banking Sector in APAC Region Presents Opportunities
Dublin, July 12, 2021 (GLOBE NEWSWIRE) — The “Global Bank Kiosk Market with COVID-19 Impact Analysis, by Type (Single-function Kiosk, Multi-function Kiosk, Virtual/Video Teller Machine), Location (Indoor, Outdoor), Offering, Distribution, and Geography – Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.
The bank kiosk market was valued at USD 744 million in 2021 and is expected to reach USD 1,311 million by 2026; it is anticipated to grow at a CAGR of 12.0% during the forecast period.
Multi-function kiosks to account for the largest share of bank kiosk market in 2020
Based on the type, the bank kiosk market has been divided into single-function kiosk, multi-function kiosk, and virtual/video teller machine. Multi-function Kiosk held the highest share in 2020. Factors such as less capital expenditure in application development, equipment purchases, installation, and maintenance are pushing the banks to adopt multi-function kiosks over single-function kiosks, thereby driving the growth of the bank kiosk market.
Indoor segment to account for the largest share of bank kiosk market during the forecast period
On the basis of location, the bank kiosk market is categorized into indoor and outdoor. Indoor bank kiosks are used in places with limited space and can help attract customers if placed in a crowded place. The growing interest in automation and self-service technologies in the banking and financial service sector is contributing to the larger share of indoor kiosks.
APAC is expected to register the highest CAGR in the market during the forecast period
Among all regions, APAC is expected to register the highest growth in the bank kiosk market during the forecast period. The market for bank kiosks in APAC mainly consists of India, China, Japan, South Korea, and Australia.
Governments in APAC countries are making efforts to enhance the development of the fintech industry and provide new, innovative banking solutions. The main aim behind the increased adoption of fintech is to attract international innovators in the market and take banking to the next stage.
The deployment of self-service kiosks is also increasing, especially for the population that prefers banking through interactive kiosks than traditional banking. The market for self-service kiosks in APAC is at the growth stage. Increasing awareness among customers about the security and reliability of banking kiosks is going to boost the growth of the bank kiosk market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Major Opportunities In Bank Kiosk Market
4.2 Bank Kiosk Market, by Type
4.3 Bank Kiosk Market, by Distribution
4.4 Bank Kiosk Market In APAC, by Type and Country
4.5 Bank Kiosk Market, by Geography
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising demand for self-service in banking and financial services
5.2.1.2 Enhanced customer services offered by bank kiosks
5.2.1.3 Reduction in overall operational costs
5.2.2 Restraints
5.2.2.1 Increasing use of mobile devices for banking services
5.2.2.2 High installation costs and need for regular maintenance
5.2.2.3 Increasing incidents of cybercrimes
5.2.3 Opportunities
5.2.3.1 Introduction of NFC-based contactless payments in banking sector in APAC region
5.2.3.2 Increasing investments by companies in Asia Pacific
5.2.4 Challenges
5.2.4.1 Controlling cybersecurity threats
5.2.4.2 Continuously growing demand for improved technology
5.3 Value Chain Analysis
5.4 Regulatory Landscape
5.5 Porter’S Five forces Analysis
5.5.1 Intensity of Competitive Rivalry
5.5.2 Threat of Substitutes
5.5.3 Bargaining Power of Buyers
5.5.4 Bargaining Power of Suppliers
5.5.5 Threat of New Entrants
5.6 Ecosystem Analysis
5.7 Technology Analysis
5.7.1 Facial Recognition
5.7.2 Digital Avatars
5.8 Case Studies
5.8.1 Branch Processes Are Transformed Through Teller Cash Recycling
5.8.2 Skimming Protection Solution Eliminates Card Skimming Losses
5.8.3 Saudi Investment Bank Improves Origination by Creating Futuristic Branch
5.8.4 Bank Alfalah Deploys Self-Service Cash Deposit Solution
5.8.5 Banque Populaire Installed Smart Safes In Its Branches
5.9 Patents Analysis
5.10 Average Selling Price (Asp) Trend
5.11 Trade Analysis
6 Bank Kiosk Market, by Type
6.1 Introduction
6.2 Single-Function Kiosk
6.2.1 Bill Payment Kiosk
6.2.1.1 Bill payment kiosks allow on-demand business transactions
6.2.2 Check Deposit Kiosk
6.2.2.1 Check deposit kiosks enable automatic check collection and receipt printing
6.2.3 Card Dispenser
6.2.3.1 Card dispensers are essential to card-based transactions in self-service kiosks
6.2.4 Passbook Printer
6.2.4.1 Passbook printers are used to print account statement or passbooks
6.3 Multi-Function Kiosk
6.3.1 Increasing Consumer Acceptance and Growing Use Across Numerous Applications In Banking Sector To Drive Demand for Multi-Function Kiosks
6.4 Virtual/Video Teller Machine
6.4.1 Virtual/Video Teller Machines offer Remote Assistance for Complex Banking Transactions
7 Bank Kiosk Market, by offering
7.1 Introduction
7.2 Hardware
7.2.1 Card Readers
7.2.1.1 Card readers decode information in credit and debit card microchips
7.2.2 Card Dispensing Machines
7.2.2.1 Card dispensing machines are used for card vending applications in various self-service industries
7.2.3 Printers
7.2.3.1 Printers are used to print account statement on passbooks
7.2.4 Touchscreens
7.2.4.1 Touchscreens play vital role in bank kiosks
7.2.5 Keyboards
7.2.5.1 Keyboards are used for entering data pertaining to banking transactions
7.2.6 Barcode Readers and Scanners
7.2.6.1 Barcode readers and scanners scan encrypted code to get information
7.3 Software
7.3.1 Remote Device Management
7.3.1.1 Remote device management software enables remote changes in kiosk functions and operations
7.3.2 Usage Analytics Software
7.3.2.1 Usage analytics software determine current usage rate and insights
7.3.3 Content Management Software
7.3.3.1 Content management software enable digital content management across an organization
7.3.4 Application Development Platform
7.3.4.1 Application development platform delivers licensable code modules for bill payment transaction requirements
7.3.5 Multivendor Software
7.3.5.1 Multivendor software offers individual administration area for real-time information about business
7.4 Services
7.4.1 Services Include Planning, Deployment, Installation, Training, Maintenance, Upgrade, and Technical Support
8 Bank Kiosk Market, by Location
8.1 Introduction
8.2 Indoor
8.2.1 Indoor Kiosks offer Viable Alternative In Closed Environments
8.3 Outdoor
8.3.1 Outdoor Kiosks Should Provide Durability To Survive and Function In Varying Environmental Conditions
9 Bank Kiosk Market, by Distribution
9.1 Introduction
9.2 Rural
9.2.1 Rural Segment Has Potential for Further Penetration of Bank Kiosks
9.3 Semi-Urban
9.3.1 Government Initiatives Going To Boost Digital Payments and Increase Access To Financial Services Drive Would Demand In Semi-Urban Areas
9.4 Urban
9.4.1 Urban Distribution To Register Highest Growth Rate During forecast Period
9.5 Metropolitan
9.5.1 Metropolitan Distribution To Have High Adoption of Bank Kiosks Due To More Educated and Tech-Savvy Demography
10 Geographical Analysis
11 Competitive Landscape
12 Company Profiles
12.1 Introduction
12.2 Key Players
12.2.1 NCR Corporation
12.2.2 Diebold Nixdorf
12.2.3 Glory Limited
12.2.4 GRGBanking
12.2.5 Kal ATM Software GmbH
12.2.6 Oki Electric Industry Co., Ltd.
12.2.7 Auriga SpA
12.2.8 Hitachi-Omron Terminal Solutions, Corp.
12.2.9 Cisco Systems, Inc.
12.2.10 Star Micronics Co., Ltd.
12.3 Other Players
12.3.1 Aurionpro Solution Limited
12.3.2 Shenzhen Sui-Yi Touch Computer Co., Ltd.
12.3.3 Olicom
12.3.4 Iagona
12.3.5 Hyosung TNS Inc.
12.3.6 Genmega Inc.
12.3.7 Axiomtek Co., Ltd.
12.3.8 Emerico Limited
12.3.9 Shenzhen Yihua Smart Equipment Technology Co., Ltd.
12.3.10 Phoenix Microsystems
12.3.11 Wavetec
12.3.12 Veripark
12.3.13 Printec Group
12.3.14 AGS Transact Technologies Ltd.
12.3.15 Partteam & Oemkiosks
13 Appendix
13.1 Discussion Guide
13.2 Knowledge Store: The Subscription Portal
13.3 Available Customizations
13.4 Related Reports
13.5 Author Details
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