Bank Kiosk Market worth 826.7 Million USD by 2022 - Experts report

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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
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According to this market research report "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 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 PDF Brochure
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Factors such as enhanced customer services
offered by interactive kiosks and reduction in
the overall operational costs are driving the
growth of the bank kiosk market. Hardware
component expected to hold the largest market
share during the forecast period The hardware
component held the largest share of the bank
kiosk market in 2015, followed by services. The
hardware components attached with a banking kiosk
enable customers to perform banking operations
with ease. These components include card readers,
card dispensing machines, printers, touchscreens,
keyboards, barcode readers, and
scanners. Multi-function kiosk market in bank
kiosk expected to grow at the highest CAGR
between 2016 and 2022 Combining different
functionalities in one kiosk has helped various
organizations to reduce their capital expenditure
on purchasing separate machines. The less capital
expenditure for application development,
equipment purchases, installation, and
maintenance is the major factor driving banks to
adopt multi-function kiosks over single-function
kiosks.
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Bank kiosk market in APAC likely to grow at a
high CAGR during the forecast period The bank
kiosk market in APAC is driven by the rapidly
expanding banking and financial sector in several
countries such as India and China. Factors such
as the banking laws issued by the Reserve Bank of
India (RBI) for issuing new bank licenses to
promote the rise in number of banks in the
country, the incorporation of modern technology
in the industry, and initiatives taken by the
banks in China to combine technology and finance
to cut down labor costs and bring about a more
technical approach to banking drive the bank
kiosk market in APAC. 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.
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Browse gtgt 68 market data
tables 72 figures
167 Pages and in-depth TOC on Bank
Kiosk Market - Forecast to 2022 Early buyers
will receive 10 customization on this
report. This is a Premium Report Priced at
Single user US 5650 Corporate User
US8150 This study answers several questions for
the stakeholders, primarily which market segments
to focus on in the next two to five years to
prioritize efforts and investments.
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Key players - The Bank Kiosk Market is
dominated by

• Nautilus Hyosung (Japan)
• Hitachi-Omron Terminal Solutions (Japan)
• GRGBanking (China)
• NCR Corp. (U.S.)
• Diebold, Inc. (U.S.)
• Glory Global Solution (International) Limited
  (U.K.)

• Auriga SpA (Italy)
• Oki Electric Industry Co., Ltd. (Japan)
• Shenzhen Yihua Computer Co Ltd. (China)
• Cisco Systems, Inc. (U.S.)
• Inspur Technologies Co., Ltd (China)
• KAL ATM Software (U.K.).

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