The global ATM Software Market was valued at USD 1.5 Billion in 2021 and it is anticipated to grow up to USD 11.1 Billion by 2031, at a CAGR of 22.2% during the forecast period.
ATM software is a type of software that is typically used to help manage and monitor ATM machines. This software can help with a variety of tasks, such as keeping track of how much money is in each machine, keeping track of transactions, and helping to ensure that machines are running smoothly. This software can be used by both ATM operators and customers, and can be a valuable tool for both groups.
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Market Trends and Drivers
The demand for ATMs is increased by the independent feature of the 24-7 availability of transactional services offered by banks across numerous locations. With technological advancements in the banking and financial sectors, ATMs are evolving from straightforward cash dispensers into richer and more personalized communication channels. By implementing more integrated and value-added services, has aided in achieving customer loyalty. Therefore, enhanced use of automated teller machines is likely to generate sizable amounts of revenue in the coming years. Owing to this, the ATM software market would expand in the upcoming years.
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Global ATM Software Market Segmentation
By Component
- Software
- Services
By Function
- Cash Dispenser
- Bill Payment
- Card Payment
- Cash Deposit
- Others
By End-user
- Banks & Financial Institutions
- Independent ATM Deployer
Major Players in the Global ATM Software Market
The key players in the ATM Software Market are Paragon Application Systems, Salzburg Banking Software, FIS, Fiserv, Inc., Clydestone (Ghana) Limited, GRGBanking, KAL ATM Software GmbH, Vortex Engineering Pvt. Ltd, CR2 and Triton Systems, among others.
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