HOME Top Market Reports Bank Kiosk Market by Type (Single-Function, Multi-Function & Virtual/Video Teller Machine), Offering (Hardware, Software, & Services), Distribution (Rural, Semi-Urban, Urban, & Metropolitan), & Geographic Analysis - Forecast to 2022

Bank Kiosk Market by Type (Single-Function, Multi-Function & Virtual/Video Teller Machine), Offering (Hardware, Software, & Services), Distribution (Rural, Semi-Urban, Urban, & Metropolitan), & Geographic Analysis - Forecast to 2022

By: marketsandmarkets.com
Publishing Date: January 2017
Report Code: SE 4865

 

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The bank kiosk market was valued at USD 170.2 Million in 2015 and is expected to reach USD 826.7 Million by 2022, at a CAGR of 24.58% between 2016 and 2022. It registered a shipment of 11,336 units in 2015 and is expected to reach 60,071 units by 2022, at a CAGR of 26.12% during the forecast period. The base year considered for the study is 2015 and the forecast for the market size is provided for the period between 2016 and 2022. The market for hardware is expected to hold the largest share of the market during the forecast period. Among all regions, the APAC market is expected to grow at the highest rate during the forecast period.

The main objectives of this study are:

  • To define, describe, and forecast the bank kiosk market on the basis of type, offering, distribution, and geography
  • To provide a detailed Porter's analysis and market life cycle analysis along with the technology and market roadmap for the bank kiosk market
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)

The research methodology used to estimate and forecast the bank kiosk market begins with obtaining data on key vendor revenues through secondary research such as IEEE Standards Association, Indian Bank’s Association, and National Information and Communication Technology–Common Service Center, among others. The vendor offerings have been taken into consideration to determine the market segmentation. The top-down procedure has been employed to arrive at the overall market size of the global market, which includes a number of installation of bank kiosks worldwide and determination of the average selling price in USD. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

Bank Kiosk Market

To know about the assumptions considered for the study, download the pdf brochure

This study also answers several questions for the stakeholders such as which market segments to focus on in the next two to five years for prioritizing efforts and investments. The bank kiosk comprises hardware and software providers, connectivity providers, technology providers, business analytics, system integrators, and after-sales services such as

  • OEMs & ODMs: Kiosk Information Systems, Inc. (U.S), Phoenix Kiosk Inc. (U.S), RedyRef Interactive Kiosks (U.S), Kontron AG (Germany), Shaanxi Hui Lian Electron Technology Co., Ltd. (China), among others
  • Software Providers: Embross Group Pty Ltd. (Australia), JUNE SYSTEMS CO LTD. (South Korea), Aldan Technology (Indonesia), among others
  • Technology Providers: Inspur Technologies Co., Ltd (China), Kontron AG (Germany), Cisco Systems, Inc. (U.S), Avaya Inc., (U.S.)
  • System Integrators: Advantech Co., Ltd. (Taiwan), Nikoya (China), EXplora InfoTech Limited (India), Elite Microsystems Pvt. Ltd. (India), GDS Holdings S.r.l. (U.K), SlabbKisoks (U.S).
  • Distributors & Suppliers: RED ZONE SOLUTION (Malaysia), CV.

This study also answers several questions for the stakeholders such as which market segments to focus on in the next two to five years for prioritizing the efforts and investments.

Target Audience:

  • Raw Material & Equipment Suppliers
  • Original Equipment Manufacturers (OEMs)
  • Kiosk Manufacturers
  • Kiosk Software Providers
  • Printer Providers
  • Display Providers
  • Audio/Video Conference System Providers
  • Forums, Alliances, and Banking Associations
  • Banks and Other Financial Institutions

Scope of the Report:

The global bank kiosk market, in this research report, has been segmented on the basis of type, offering, distribution, and geography.

Bank Kiosk Market, by Type

  • Single-Function Kiosk
  • Multi-Function Kiosk
  • Virtual/Video Teller Machine

Bank Kiosk Market, by Offering

  • Hardware
  • Software
  • Service

Bank Kiosk Market, by Distribution

  • Rural
  • Semi Urban
  • Urban
  • Metropolitan

Bank Kiosk Market, by Geography

  • Americas
  • Europe
  • APAC
  • RoW

Available customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

  • Geographic Analysis
    • Comprehensive coverage of regulations followed in each region (the Americas, APAC, and Europe)
  • Company Information
    • Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 List of Major Secondary Sources
                    2.1.1.2 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Interviews With Experts
                    2.1.2.2 Breakdown of Primaries
                    2.1.2.3 Key Data From Primary Sources
    2.2 Secondary and Primary Research
           2.2.1 Key Industry Insights
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
                    2.3.1.1 Approach for Capturing the Market Share By Bottom-Up Analysis (Demand Side)
                    2.3.1.2 Approach for Capturing the Market Share With the Help of Various Players in the Value Chain of Bank Kiosk
           2.3.2 Top-Down Approach
                    2.3.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
    2.4 Market Breakdown and Data Triangulation
    2.5 Research Assumptions
           2.5.1 Assumptions

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 35)
    4.1 Increasing Demand for Multi-Function Kiosks in APAC Expected to Drive the Market During the Forecast Period
    4.2 Bank Kiosk Market: By Offering
    4.3 APAC to Hold the Largest Share of the Market in 2016
    4.4 China Dominated the Bank Kiosk Market in APAC in 2015
    4.5 Bank Kiosk Market, By Type
    4.6 Life Cycle Analysis, By Geography

5 Market Overview (Page No. - 40)
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Rising Demand for Self-Service in Several Security-Related Applications in Financial Sectors
                    5.3.1.2 Enhanced Customer Services Offered By Interactive Kiosks
                    5.3.1.3 Reduction in the Overall Operational Costs
           5.3.2 Restraints
                    5.3.2.1 Increasing Use of Mobile Devices Reducing the Usage of Self-Service Banking Kiosks
                    5.3.2.2 High Initial Cost of Installation
           5.3.3 Opportunities
                    5.3.3.1 Introduction of Nfc-Based Contactless Payments in Banking Sector in APAC Region
                    5.3.3.2 Increasing Investments By Companies in Asia-Pacific
           5.3.4 Challenges
                    5.3.4.1 Controlling Cyber Security Threats
                    5.3.4.2 Continuously Growing Demand for Improved Technology

6 Industry Trends (Page No. - 49)
    6.1 Value Chain Analysis
    6.2 Porter’s Five Forces Analysis
           6.2.1 Intensity of Competitive Rivalry
           6.2.2 Threat of Substitutes
           6.2.3 Bargaining Power of Buyers
           6.2.4 Bargaining Power of Suppliers
           6.2.5 Threat of New Entrants

7 Bank Kiosk Market, By Type (Page No. - 57)
    7.1 Introduction
    7.2 Single-Function Kiosk
           7.2.1 Bill Payment Kiosk
           7.2.2 Check Deposit Kiosk
           7.2.3 Card Dispenser
           7.2.4 Passbook Printer
    7.3 Multi-Function Kiosk
    7.4 Virtual/Video Teller Machine

8 Bank Kiosk Market, By Offering (Page No. - 70)
    8.1 Introduction
    8.2 Hardware
           8.2.1 Card Readers
           8.2.2 Card Dispensing Machines
           8.2.3 Printers
           8.2.4 Touchscreens
           8.2.5 Keyboards
           8.2.6 Barcode Readers and Scanners
    8.3 Software
           8.3.1 Remote Device Management
           8.3.2 Usage Analytics Software
           8.3.3 Content Management Software
           8.3.4 Application Development Platform
           8.3.5 Multivendor Software
    8.4 Services

9 Bank Kiosk Market, By Distribution (Page No. - 82)
    9.1 Introduction
    9.2 Rural
    9.3 Semi-Urban
    9.4 Urban
    9.5 Metropolitan

10 Geographic Analysis (Page No. - 91)
     10.2 Introduction
     10.3 Americas
             10.3.1 Increasing Demand for Self Service in Financial Sectors
             10.3.2 North America
                        10.3.2.1 Nfc Technology Enables Customers to Carry Out Transactions Without Debit Cards
                        10.3.2.2 U.S.
                                     10.3.2.2.1 Advancement in the Technology Widens the Interactive Kiosk Application Across Various Verticals
                        10.3.2.3 Canada
                                     10.3.2.3.1 Adoption of Emv Standard Helps to Reduce Card Cloning Frauds
                        10.3.2.4 Rest of North America
             10.3.3 Latin America
                        10.3.3.1 Huge Market Potential for Bill Payment Kiosks
                        10.3.3.2 Brazil
                                     10.3.3.2.1 Check Payment Transactions Considered to Be More Legal and Secure Way Across Brazil
                        10.3.3.3 Rest of Latin America
     10.4 Europe
             10.4.1 Increasing Adoption Rate for Emv Cards Over Self Service Kiosks
             10.4.2 Western Europe
                        10.4.2.1 Mobile Banking A More Preferred Way for Cash Transactions
                        10.4.2.2 U.K
                                     10.4.2.2.1 Contactless Payments are A More Reliable Source for Transactions Across the U.K.
                        10.4.2.3 Germany
                                     10.4.2.3.1 Electronic Banking Offers an Independent Platform for Banks
                        10.4.2.4 Italy
                                     10.4.2.4.1 Standardizing Global Transactions Business Improves Banking System in Italy
                        10.4.2.5 France
                                     10.4.2.5.1 Digital Revolution in France Leads to the Development of Paylib Service
                        10.4.2.6 Rest of Western Europe
                                     10.4.2.6.1 Mobile Application is Growing to Manage Personal Finances and Make Peer-To-Peer Payments
             10.4.3 Eastern Europe
                        10.4.3.1 Bill Payment Kiosk is A Convenient Alternative to Online Payments and Branch Payments
                        10.4.3.2 Russia
                                     10.4.3.2.1 Implementation of Cash Change Function Allows Customers to Pay for Peculiar Services
                        10.4.3.3 Rest of Eastern Europe
                                     10.4.3.3.1 Getin Pointis Self-Service Allows Customers to Perform the Functions of Traditional Bank Branches
             10.4.4 Rest of Europe
                        10.4.4.1 Deployment of Bill Payment Kiosk Brings Added Values Both to the Individuals and the Enterprise
     10.5 APAC
             10.5.1 Self-Service Kiosk Market at Growth Stage in APAC Region
             10.5.2 India
                        10.5.2.1 Customer Centric Touch Points Enable Gains in Operational Efficiency of Financial Institutions
             10.5.3 China
                        10.5.3.1 Demand for Digital Solutions in Banking Leads to Rapid Expansion of Bank Kiosk Market
             10.5.4 Japan
                        10.5.4.1 Implementation of Fintech to Revamp Bank Infrastructure
             10.5.5 South Korea
                        10.5.5.1 Increase in the Installation of Self-Service Kiosk Drives the Market
             10.5.6 Australia
                        10.5.6.1 Government Supports Financial Innovation By Adopting Fintech
             10.5.7 Rest of APAC
     10.6 Rest of the World
             10.6.1 Deployment of Interactive Kiosks Helps the Banks in Cost Reduction
             10.6.2 Middle East
                        10.6.2.1 Launch of Video Teller Technology in Interactive Kiosk Helps to Provide Additional Banking Services to the Customers Across Middle East
             10.6.3 Africa
                        10.6.3.1 More Adoption of Single-Function Kiosk

11 Competitive Landscape (Page No. - 118)
     11.1 Overview
     11.2 Market Ranking for Bank Kiosk Market
     11.3 Competitive Scenario
     11.4 Recent Developments
             11.4.1 New Product Launches
             11.4.2 Partnership/Collaboration/Joint Venture/Agreement
             11.4.3 Expansions
             11.4.4 Acquisitions

12 Company Profile (Page No. - 125)
     12.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
     12.2 NCR Corporation
     12.3 Diebold, Inc.
     12.4 Glory Limited
     12.5 Nautilus Hyosung
     12.6 GRG Banking
     12.7 Korala Associates Limited (Kal Atm Software)
     12.8 Auriga SPA
     12.9 Hitachi-Omron Terminal Solutions, Corp.
     12.10 OKI Electric Industry Co., Ltd.
     12.11 Shenzhen Yi of Computer Co., Ltd
     12.12 Cisco Systems, Inc.
     12.13 Inspur Technologies Co., Ltd

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 157)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (68 Tables)

Table 1 Bank Kiosk Market Segmentation, By Offering
Table 2 Market Segmentation, By Type
Table 3 Market Segmentation, By Distribution
Table 4 Porter’s Five Forces Analysis: Threat of Substitutes Likely to Have A Low Impact on the Overall Market
Table 5 Bank Kiosk Market, By Type, 2013–2022 (USD Million)
Table 6 Bank Kiosk Market, By Type, 2013–2022 (In Units)
Table 7 Single-Function Market, By Offering, 2013–2022 (USD Million)
Table 8 Single-Function Market, By Region, 2013–2022 (USD Million)
Table 9 Single-Function Market in Americas, By Region, 2013–2022 (USD Million)
Table 10 Single-Function Market in Europe, By Region, 2013–2022 (USD Million)
Table 11 Single-Function Market, By Product, 2013–2022 (USD Million)
Table 12 Single-Function Market, By Product, 2013–2022 (Units)
Table 13 Multi-Function Market, By Offering, 2013–2022 (USD Million)
Table 14 Multi-Function Market, By Region, 2013–2022 (USD Million)
Table 15 Multi-Function Market in Americas, By Region, 2013–2022 (USD Million)
Table 16 Multi-Function Market in Europe, By Region, 2013–2022 (USD Million)
Table 17 Virtual/Video Teller Market, By Offering, 2013–2022 (USD Million)
Table 18 Virtual/Video Teller Market, By Region, 2013–2022 (USD Million)
Table 19 Virtual/Video Teller Market in Americas, By Region, 2013–2022 (USD Million)
Table 20 Virtual/Video Teller: Market in Europe, By Region, 2013–2022 (USD Million)
Table 21 Market, By Offering, 2013–2022 (USD Million)
Table 22 Market for Hardware, By Type, 2013–2022 (USD Million)
Table 23 Market for Hardware, By Region, 2013–2022 (USD Million)
Table 24 Market for Hardware in Americas, 2013–2022 (USD Million)
Table 25 Market for Hardware, By Component, 2013–2022 (USD Million)
Table 26 Market for Software, By Type, 2013–2022 (USD Million)
Table 27 Market for Software, By Region, 2013–2022 (USD Million)
Table 28 Market for Software in Americas, By Region, 2013–2022 (USD Million)
Table 29 Market for Services, By Type, 2013–2022 (USD Million)
Table 30 Market for Services, By Region, 2013–2022 (USD Million)
Table 31 Market for Services in Americas, By Region, 2013–2022 (USD Million)
Table 32 Market, By Distribution, 2013–2022 (USD Million)
Table 33 Market for Rural Distribution, By Region, 2013–2022 (USD Million)
Table 34 Market for Rural Distribution in Americas, By Region, 2013–2022 (USD Million)
Table 35 Market for Semi-Urban Distribution, By Region, 2013–2022 (USD Million)
Table 36 Market for Semi-Urban Distribution in Americas, By Region, 2013–2022 (USD Million)
Table 37 Market for Urban Distribution, By Region, 2013–2022 (USD Million)
Table 38 Market for Urban Distribution in Americas, By Region, 2013–2022 (USD Million)
Table 39 Market for Metropolitan Distribution, By Region, 2013–2022 (USD Million)
Table 40 Market for Metropolitan Distribution in Americas, By Region, 2013–2022 (USD Million)
Table 41 Market, By Region, 2013–2022 (USD Million)
Table 42 Market in Americas, By Type, 2013–2022 (USD Million)
Table 43 Market in Americas, By Distribution, 2013–2022 (USD Million)
Table 44 Market in Americas, By Region, 2013–2022 (USD Million)
Table 45 Market in North America, By Type, 2013–2022 (USD Million)
Table 46 Market in North America, By Distribution, 2013–2022 (USD Million)
Table 47 Market in North America, By Country, 2013–2022 (USD Million)
Table 48 Market in Latin America, By Type, 2013–2022 (USD Million)
Table 49 Bank Kiosk Market in Latin America, By Distribution, 2013–2022 (USD Million)
Table 50 Market in Latin America, By Country, 2013–2022 (USD Million)
Table 51 Market in Europe, By Type, 2013–2022 (USD Million)
Table 52 Market in Europe, By Distribution, 2013–2022 (USD Million)
Table 53 Market in Europe, By Region, 2013–2022 (USD Million)
Table 54 Market in Western Europe, By Type, 2013–2022 (USD Million)
Table 55 Market in Western Europe, By Country, 2013–2022 (USD Million)
Table 56 Market in Eastern Europe, By Type, 2013–2022 (USD Million)
Table 57 Market in Eastern Europe, By Country, 2013–2022 (USD Million)
Table 58 Market in Rest of Europe, By Type, 2013–2022 (USD Million)
Table 59 Market in APAC, By Type , 2013–2022 (USD Million)
Table 60 Market in APAC, By Distribution, 2013–2022 (USD Million)
Table 61 Market in APAC, By Country, 2013–2022 (USD Million)
Table 62 Market in RoW, By Type , 2013–2022 (USD Million)
Table 63 Market in RoW, By Distribution, 2013–2022 (USD Million)
Table 64 Market in RoW, By Region, 2013–2022 (USD Million)
Table 65 New Product Launch, 2013–2015
Table 66 Partnership/ Collaboration/ Joint Venture/Agreement, 2013–2015
Table 67 Expansion, 2013–2014
Table 68 Acquisitions, 2012–2015


List of Figures (72 Figures)

Figure 1 Bank Kiosk Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Major Players in Each Stage of the Value Chain
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Bank Kiosk Market Expected to Grow Moderately During the Forecast Period
Figure 7 Software to Witness the Highest Growth Rate in the Multi-Function Bank Kiosk During the Forecast Period
Figure 8 Card Readers Expected to Witness the Highest Growth Rate in the Kiosk Market for Hardware Between 2016 and 2022
Figure 9 Market for Bill Payment Expected to Witness the Highest Growth in the Market for Single-Function Kiosk During the Forecast Period
Figure 10 Metropolitan Distribution to Witness the Highest Growth Rate in the Market During the Forecast Period
Figure 11 Market in APAC Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 12 Significant Increase in the Demand for Multi-Function Kiosks in APAC
Figure 13 Software Offering to Witness the Highest Growth Rate in the Bank Kiosk Market During the Forecast Period
Figure 14 India Expected to Witness the Highest Growth Rate During the Forecast Period
Figure 15 Metropolitan Distribution Held the Largest Share of the Market in APAC in 2015
Figure 16 Multi-Function Bank Kiosk Estimated to Grow at the Highest Rate Between 2016 and 2022
Figure 17 Market in APAC to Be in Its Growth Stage in 2015
Figure 18 Bank Kiosk Market Segmentation, By Geography
Figure 19 Rising Demand for Self Service in Several Security-Related Applications in the Financial Sector Would Drive the Bank Kiosk Market During the Forecast Period
Figure 20 Branch Transformation Demands Self Service in Financial Sectors
Figure 21 Advanced Functionality in Mobile Devices Demands Replacement of Banking Kiosks in North America
Figure 22 Value Chain Analysis (2015): Major Value Added are Most in Assembly & Manufacturing, Software Development, Technology Development, and System Integration Phases
Figure 23 Porter’s Five Forces Analysis (2015):
Figure 24 Bank Kiosk Market: Porter’s Five Forces Analysis
Figure 25 High Impact of Intensity of Competitive Rivalry Due to the Presence of A Large Number of Players
Figure 26 Low Threat of Substitutes Due to the Presence of Less Number of Substitutes
Figure 27 Medium Bargaining Power of Buyers Due to High Product Differentiation
Figure 28 High Bargaining Power of Suppliers Due to High Supplier Concentration in the Bank Kiosk Market
Figure 29 Medium Threat of New Entrants Due to the Presence of Moderate Location and Geographical Factors
Figure 30 Market Segmentation: By Type
Figure 31 Market Segmentation: Single-Function Kiosk
Figure 32 Bill Payment Kiosk Expected to Grow at the Highest Rate in Single-Function Bank Kiosk Market During the Forecast Period
Figure 33 Western Europe is Expected to Witness the Highest Growth Rate in Multi-Function Bank Kiosk Market During the Forecast Period
Figure 34 Latin America Expected to Witness the Highest Growth Rate in Virtual/Video Teller Machine Bank Kiosk Market During the Forecast Period
Figure 35 Market Segmentation: By Offering
Figure 36 APAC Expected to Witness the Highest Growth in the Market for Hardware During the Forecast Period
Figure 37 Latin America to Witness the Highest Growth in the Market for Software
Figure 38 Multi-Function Kiosk Expected to Witness the Highest Growth Rate in the Market for Service During the Forecast Period
Figure 39 Bank Kiosk Market Segmentation: By Distribution
Figure 40 APAC Region Expected to Grow at the Highest Rate in the Bank Kiosk Market for Urban Distribution
Figure 41 Latin America is Expected to Witness the Highest Growth in the Bank Kiosk Market for Metropolitan Distribution During the Forecast Period
Figure 42 Bank Kiosk Market Segmentation: By Geography
Figure 43 Geographic Snapshot: APAC Expected to Register the Highest CAGR During the Forecast Period
Figure 44 India Estimated to Grow at the Highest Rate Between 2016 and 2022 in the Overall Bank Kiosk Market
Figure 45 Segmentation: the Americas
Figure 46 Snapshot of the Bank Kiosk Market in the Americas
Figure 47 Bank Kiosk Market in Canada to Grow at the Highest Rate During the Forecast Period
Figure 48 Market Segmentation in Europe
Figure 49 Market Segmentation in APAC
Figure 50 Snapshot of the Bank Kiosk Market in APAC
Figure 51 Market Segmentation in Rest of the World
Figure 52 Key Growth Strategies Adopted By the Top Companies, 2013–2016
Figure 53 NCR Corporation Grew Rapidly in Market, in Terms of Revenue, Between 2013 and 2015
Figure 54 Market Ranking of the Top 5 Hardware Providers in the Market, 2015
Figure 55 Market Ranking of the Top 5 Software Providers in the Market, 2015
Figure 56 Market Ranking of the Top 3 Players in the Market, 2015
Figure 57 Market Evaluation Framework – Partnership/ Agreement/ Joint Ventures Fuelled Growth and Innovation Between 2013 and 2015
Figure 58 Battle for Market Share: New Product Launch Was the Key Strategy
Figure 59 Geographic Revenue Mix of Top Market Players
Figure 60 NCR Corporation : Company Snapshot
Figure 61 NCR Corporation : SWOT Analysis
Figure 62 Diebold, Inc.: Company Snapshot
Figure 63 Diebold, Inc : SWOT Analysis
Figure 64 Glory Limited : Company Snapshot
Figure 65 Glory Limited: SWOT Analysis
Figure 66 Nautilus Hyosung SWOT Analysis
Figure 67 GRG Banking: SWOT Analysis
Figure 68 Korala Associates Limited (Kal Atm Software): SWOT Analysis
Figure 69 Auriga SPA : SWOT Analysis
Figure 70 OKI Electric Industry Co., Ltd.: Company Snapshot
Figure 71 Cisco Systems, Inc. : Company Snapshot
Figure 72 Inspur Technologies Co., Ltd : Company Snapshot

The bank kiosk market was valued at USD 170.2 Million in 2015 and is expected to reach USD 826.7 Million by 2022, at a CAGR of 24.58% between 2016 and 2022. It registered a shipment of 11,336 units in 2015 and is expected to reach 60,071 units by 2022, at a CAGR of 26.12% during the forecast period. Many countries are focusing on new innovations and expansions are being carried out through the smart cities and digitization project, which would help to increase the demand for bank kiosk systems in the coming years.

The bank kiosk market, on the basis of offering, has been segmented into hardware, software, and services.  The market for software component is expected to grow at the highest CAGR during the forecast period, owing to the rising need for independent software purchases to make the interactive kiosk market more technologically advanced. The increasing complexity of self-service banking channels has given rise to new opportunities for setting up separate sophisticated software in the kiosk. Thus, the market for the software component is expected to grow at a higher rate than that for hardware and service.

The bank kiosk market, on the basis of type, has been segmented into single-function, multi-function, and video teller machine (VTM). Combining different functionalities in one kiosk has helped various organizations to reduce their capital expenditure on purchasing separate machines. Less capital expenditure in application development, equipment purchases, installation, and maintenance largely drives banks to adopt multi-function kiosks over single-function kiosks. Hence the market for the multi-function is expected to grow at a higher rate, followed by VTM.

Bank Kiosk Market

On the basis of geography, the market has been segmented into Americas, Europe, APAC, and Rest of the World. The market in APAC is expected to grow at the highest CAGR during the forecast period. The market growth can be attributed to the several initiatives taken up by the governments in APAC region and many major players in the bank kiosk ecosystem, which help to increase the adoption of bank kiosk market

However, the Increasing use of mobile devices reduces the use of self service banking kiosk and high initial cost of installation are some of the major restraints for the players in the bank kiosk market.

Key players in this market focus on strategic partnerships, acquisitions, agreements, and new product launches to increase their revenue. In September 2016, NCR Corporation launched its cloud-based developer portal, enabling financial institutions to build their own innovative digital banking applications to help meet the unique financial management needs of their customers.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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