PUBLISHER: Allied Market Research | PRODUCT CODE: 1140190
PUBLISHER: Allied Market Research | PRODUCT CODE: 1140190
Bank kiosk is a type of machine used to ensure enhanced reach and greater accessibility of banking services to customers. A kiosk is set up in remote areas to provide banking services in these areas. In addition, kiosk can also be defined as small booth that have internet connections established in villages with personnel to help customers avail basic bank services. Most of the mainstream banks in all sectors, private, public, and cooperative have opened kiosks for people. Services provided are usually withdrawal, deposit, and remittances.
Rise in demand for self-service in banking & financial services, and enhanced customer services offered by bank kiosks propels the market growth. In addition, reduction in overall operational cost boosts growth of the bank kiosk market. However, increase in use of mobile devices for banking services and the need for high installation costs and regular maintenance limit growth of the market. Conversely, increase in investments by companies in Asia-Pacific is anticipated to provide several opportunities for the market expansion during the forecast period.
The global bank kiosk market is segmented on the basis of component, distribution, type, and region. Depending on component, the market is divided into hardware, software, and services. By type, it is categorized into single-function kiosk, multi-function kiosk, and virtual/video teller machine (VTM). By distribution, it is segmented into rural, urban, semi-urban, and metropolitan. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players such as Auriga Spa, Cisco Systems, Inc., Diebold Nixdorf, Incorporated, Glory Ltd., GRGBanking, Hitachi Channel Solutions, Corp., Kal Atm Software GmbH, NCR Corporation, Oki Electric Industry Co., Ltd., and Star Micronics co., Ltd. dominate the global bank kiosk market. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key Benefits For Stakeholders
Key Market Segments
By Component
By Type
By Distribution
By Region