Banking Hardware Maintenance Support & Services Market Size- By Service Type, By Components- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Description

Global Banking Hardware Maintenance Market Overview

According to SPER Market Research, the Global Banking Hardware Maintenance Market is estimated to reach USD 25.08 billion by 2032 with a CAGR of 8.33%.

The hardware, software, and helpdesk support services provided by the banking sector can provide a plethora of relevant information to business strategists. It provides an industry overview for software support, banking hardware upkeep, and help desk support services, together with historical and projected cost, income, demand, and supply data. The rapid population growth in emerging countries and the growing emphasis on improving customers' in-branch experiences have considerably raised the demand for banking hardware maintenance, software support, and helpdesk support services. The demand for maintenance and support services is expected to rise as self-service devices like ATMs, cash deposit machines, banking kiosks, and digital signage systems become more common in banks. Additionally, it is projected that these determinants will significantly increase revenue compared to the forecast period.

Banking Hardware Maintenance Market

Impact of COVID-19 on the Global Banking Hardware Maintenance Market

The COVID-19 outbreak had a significant impact on the banking hardware repair, software support, and helpdesk support services markets as several companies were compelled to temporarily halt operations as a result of the lockdown and quarantine measures enforced. Because the banking industry was still functioning, maintenance services at the branches were still required to safeguard the health and safety of employees and prevent viruses from infiltrating the banks. For instance, BS/2, a maintenance service provider, offered full maintenance service for banking equipment even when quarantine laws were put into place.

Scope of the Report

Report Metric Details:

Market size available for years: 2019-2032

Base year considered: 2021

Forecast period: 2022-2032

Segments covered: By Service Type, By Components.

Regions covered: Asia-Pacific, Europe, Middle East and Africa, North America, Latin America

Companies Covered: Cardtronics, CashLink Global Systems Pvt. Ltd., Diebold Nixdorf Incorporated, Glory Global Solutions Limited, Hitachi Ltd., Loomis AB, NCR Corporation, Oki Electric Industry Co. Ltd.

Global Banking Hardware Maintenance Market Segmentation:

By Service Type: Based on the Service Type, Global Banking Hardware Maintenance Market is segmented as; ATM - Maintenance Service Costs, ATM - Operational Support Service Costs, Currency Sorters, detectors and Counters, Banking Kiosk, Digital Signage Systems, End User Devices, Peripherals, Queue Management System.

By Component: Based on the Component, Global Banking Hardware Maintenance Market is segmented as; Hardware, Software.

By Region: The Global Banking Hardware Maintenance Market is segmented into North America, Europe, Asia Pacific, and the Rest of the World based on geography. Due to the increasing implementation of self-service technology by various banks and financial service companies to increase their market presence, the Asia-Pacific region is predicted to see a substantial growth rate over the forecast period.

Product Code: IACT2332

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1 Research data source
- 2.1.1 Secondary data
- 2.1.2 Primary data
- 2.1.3 SPER's internal database
- 2.1.4 Premium insight from KOL's
2.2 Market size estimation
- 2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1 Drivers
- 4.1.2 Restraints
- 4.1.3 Opportunities
- 4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Banking Hardware Maintenance Market

5. Market variables and outlook

5.1. SWOT analysis
- 5.1.1 Strengths
- 5.1.2 Weaknesses
- 5.1.3 Opportunities
- 5.1.4 Threats
5.2. PESTEL analysis
- 5.2.1 Political landscape
- 5.2.2 Economic landscape
- 5.2.3 Social landscape
- 5.2.4 Technological landscape
- 5.2.5 Environmental landscape
- 5.2.6 Legal landscape
5.3. PORTER'S five forces analysis
- 5.3.1 Bargaining power of suppliers
- 5.3.2 Bargaining power of Buyers
- 5.3.3 Threat of Substitute
- 5.3.4 Threat of new entrant
- 5.3.5 Competitive rivalry
5.4. Heat map analysis

6. Competitive Landscape

6.1 Global Banking Hardware Maintenance Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Banking Hardware Maintenance Market

7. Global Banking Hardware Maintenance Market, By Service Type, 2019-2032 (USD Million)

7.1. ATM - Maintenance Service Costs
7.2. ATM - Operational Support Service Costs
7.3. Banking Kiosk
7.4. Currency Sorters
7.5. Detectors and Counters
7.6. Digital Signage Systems
7.7. End User Devices
7.8. Peripherals
7.9. Queue Management System

8. Global Banking Hardware Maintenance Market, By Component, 2019-2032 (USD Million)

8.1. Hardware
8.2. Software

9. Global Banking Hardware Maintenance Market, By Region, 2019-2032 (USD Million)

9.1. Global Banking Hardware Maintenance Market Size and Market Share by Region (2019-2025)
9.2. Global Banking Hardware Maintenance Market Size and Market Share by Region (2026-2032)
9.3. Asia-Pacific
- 9.3.1. Australia
- 9.3.2. China
- 9.3.3. India
- 9.3.4. Japan
- 9.3.5. South Korea
- 9.3.6. Rest of Asia-Pacific
9.4. Europe
- 9.4.1. France
- 9.4.2. Germany
- 9.4.3. Italy
- 9.4.4. Spain
- 9.4.5. United Kingdom
- 9.4.6. Rest of Europe
9.5. Middle East and Africa
- 9.5.1. Kingdom of Saudi Arabia
- 9.5.2. United Arab Emirates
- 9.5.3. Rest of Middle East & Africa
9.6. North America
- 9.6.1. Canada
- 9.6.2. Mexico
- 9.6.3. United States
9.7. Latin America
- 9.7.1. Argentina
- 9.7.2. Brazil
- 9.7.3. Rest of Latin America

10. Company Profiles

10.1. Cardtronics
- 10.1.1. Company details
- 10.1.2. Financial outlook
- 10.1.3. Product summary
- 10.1.4. Recent developments
10.2. CashLink Global Systems Pvt. Ltd.
- 10.2.1. Company details
- 10.2.2. Financial outlook
- 10.2.3. Product summary
- 10.2.4. Recent developments
10.3. Diebold Nixdorf Incorporated
- 10.3.1. Company details
- 10.3.2. Financial outlook
- 10.3.3. Product summary
- 10.3.4. Recent developments
10.4. Glory Global Solutions Limited
- 10.4.1. Company details
- 10.4.2. Financial outlook
- 10.4.3. Product summary
- 10.4.4. Recent developments
10.5. Hitachi Ltd.
- 10.5.1. Company details
- 10.5.2. Financial outlook
- 10.5.3. Product summary
- 10.5.4. Recent developments
10.6. Loomis AB
- 10.6.1. Company details
- 10.6.2. Financial outlook
- 10.6.3. Product summary
- 10.6.4. Recent developments
10.7. NCR Corporation
- 10.7.1. Company details
- 10.7.2. Financial outlook
- 10.7.3. Product summary
- 10.7.4. Recent developments
10.8. Oki Electric Industry Co. Ltd.
- 10.8.1. Company details
- 10.8.2. Financial outlook
- 10.8.3. Product summary
- 10.8.4. Recent developments