The bank kiosk market is expected to grow from USD 744 million in 2021 to
USD 1,311 million by 2026, at a CAGR of 12.0%.
Who are the
winners in the global bank kiosk market?
Some of the key
companies operating in the bank kiosk market are NCR Corporation (US), Diebold
Nixdorf (US), GLORY LIMITED (Japan), GRGBanking (China), KAL ATM Software GmbH
(Germany), and so on. These players have adopted various growth strategies such
as product launches/developments, partnerships/contracts/
collaborations/acquisitions to expand their global presence and increase their
share in the global bank kiosk market.
What are the
major drivers for the bank kiosk market?
The factors such as
rising demand for self-service in banking and financial services applications,
enhanced customer services offered by banking kiosks, and reduction in overall
operational costs have proved to be the major driving forces for bank reality
market.
Which is the
highest growing kiosk by type in the bank kiosk market?
Multi-function Kiosk
held the highest share in 2020. Factors such as less capital expenditure in
application development, equipment purchases, installation, and maintenance are
pushing the banks to adopt multi-function kiosks over single-function kiosks.
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What are the
impact of COVID-19 on the global bank kiosk market?
The COVID-19
outbreak has adversely impacted the supply chain of the bank kiosk market, as
some of the prominent players are based in China, which is the epicenter of the
pandemic. Currently, the key market players are focusing on maintaining and
generating operating revenue, due to which there were limited developments in
the market in 2020. However, the impact of COVID-19 is expected to reduce
during the forecast period.
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