PUBLISHER: IMARC | PRODUCT CODE: 1820103
PUBLISHER: IMARC | PRODUCT CODE: 1820103
The global multivendor ATM software market size reached USD 3.7 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 18.2 Billion by 2033, exhibiting a growth rate (CAGR) of 18.44% during 2025-2033.
Multivendor ATM software enables banks to manage their ATM networks to reduce costs, increase functionality, and improve competitiveness. It assists in carrying out advanced banking functions, including cash dispensing and recycling, transaction preferences, and targeted marketing. It facilitates the generation of significant cost savings on implementation, testing, certification, and maintenance of ATM hardware and software changes. Besides this, it provides flexibility for implementing changes in response to market drivers and regulations. It also offers streamlined maintenance and updates and a consistent user interface using a single software platform. As a result, financial institutions around the world are adopting multivendor ATM software to modernize the ATM user interface and cater to a better customer experience as per ongoing standards and demands.
With the expanding utilization of banking services, financial institutions are focusing on centralizing their ATM channel management to a single command control that can enhance network security. This represents one of the major factors driving the adoption of multivendor ATM software worldwide. It aids in easy maintenance and can quickly scale up functionality at a lower cost. Moreover, due to increasing consumer demands, security concerns, and industry regulations, vendors are offering flexible solutions and options that support speed-to-market with advanced features and services. This helps banks in adding and deploying new features easily and faster to enhance their competitive position and meet customer requirements, which, in turn, is positively influencing the market. Apart from this, multivendor environments offer the advantages of improved security and simplified back-end integration for customer relationship management, teller terminals, and bank systems, which are offering lucrative growth opportunities to market players.
The competitive landscape of the industry has also been examined along with the profiles of the key players being Auriga SpA, Clydestone Limited, CashLink Global Systems Pvt. Ltd., Diebold Nixdorf Incorporated, GRG Banking (Guangzhou Radio Group), KAL ATM Software GmbH, Hyosung Corporation, NCR Corporation, Printec Group, Renovite Technologies Inc, Vortex Engineering Pvt. Ltd. and Worldline.