Bank Kiosk Market

Bank Kiosk Market

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Swarup

Author :

Swarup Sahu

vineet

Fact-checked by :

Vineet Pandey

Ranjit

Editor :

Ranjit Pankhade

Bank Kiosk Market Outlook 2031

The global bank kiosk market size was USD 16.26 Billion in 2022 and is projected to reach USD 55.87 Billion by 2031 register considerable CAGR 14.7% during the forecast period, 2023–2031. The growth of the market is attributed to the growing demand for self-service security applications, advancement in customer service, and reduced operational costs.

A kiosk is a small stall with internet connections, mostly found in villages, to help people avail basic bank services. Conventional banks in sectors, such as cooperative, public, and private, open a kiosk for people. A merchant opens a no-frills bank account for a buyer by taking a photograph of the customer and recording identify details. The particulars along with other documents are sent to the bank branch to carry out the KYC process.

Bank Kiosk Market Outlook

Bank Kiosk Market Trends, Drivers, Restraints, and Opportunities

  • Increasing activities in self-service technologies and automation in the banking and financial services sector drives the bank kiosk market.
  • Rising occurrence of cybercrimes hampers the growth of the market.
  • Bank kiosks decrease the time and effort on transactions, which creates high demand for bank kiosks across the globe.

Scope of The Bank Kiosk Market Report

The report on the global bank kiosk market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Bank Kiosk Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Types (Single-functional Kiosk, Multi-functional Kiosks, Video Teller Machine), Offerings (Hardware, Software, Services), and Distributions (Rural, Semi-urban, Urban, and Metropolitan)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

NCR Corp.; Diebold, Inc.; Hitachi-Omron Terminal Solutions; GRGBanking; Oki Electric; Shenzhen Yihua Computer Co., Ltd.; KAL ATM Software; Cisco Systems, Inc.; Glory Global Solution Limited; Inspur Technologies Co., Ltd.; and Nautilus Hyosung, among others

Bank Kiosk Market Segment Insights

Financial services and customized solutions offered in multi-functional kiosks to drive the market

Based on types, the global bank kiosk market is divided into single-functional kiosk, multi-functional kiosks, and video teller machine. The single-functional kiosk segment is expected to grow at a rapid pace during the forecast period, as it helps improve the customer experience. However, the multi-functional kiosks segment is anticipated to hold a key share of the market in the coming years, as these kiosks offer financial services along with customized solutions to people.

Bank Kiosk Market Types

Rising demand for advanced software to drive the market

On the basis of offerings, the market is segregated into hardware, software, and services. The offerings segment is projected to expand at a considerable CAGR during the forecast period, owing to rising demand for advanced software among people. The services segment is anticipated to account for a major market share during the forecast period, owing to various growth strategies by market players, including product launches and developments, to expand their global presence and increasing their share in the global bank kiosk market.

Technological advancements in metro cities to drive the market

On the basis of distributions, the market is segregated into rural, semi-urban, urban, and metropolitan. The metropolitan segment is anticipated to account for a large market share, due to technological advancements, including increasing number of non-banks and upgraded ATMS, in metro cities. The metropolitan segment is anticipated to account for a major market share during the forecast period, owing to rising awareness among consumers regarding the automatic machines.

Bank Kiosk Market Distribution

North America is anticipated to constitute a key market share

In terms of regions, the global bank kiosk market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the forecast period, owing to initiatives undertaken by the governments in the region.

The market in North America is anticipated to expand at a rapid pace during the forecast period, due to collaboration of RBI as well as government of India for promoting self-banking and supporting the entry of major players in the market.

Bank Kiosk Market Regions

Segments


The global bank kiosk market has been segmented on the basis of

Types

  • Single-functional kiosk
  • Multi-functional kiosks
  • Video teller machine 

Offerings

  • Hardware
  • Software
  • Services

Distributions

  • Rural
  • Semi-urban
  • Urban
  • Metropolitan

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • NCR Corp.
  • Diebold, Inc.
  • Hitachi-Omron Terminal Solutions
  • GRGBanking
  • Oki Electric
  • Shenzhen Yihua Computer Co., Ltd.
  • KAL ATM Software
  • Cisco Systems, Inc.
  • Glory Global Solution Limited
  • Inspur Technologies Co., Ltd.
  • Nautilus Hyosung, among others

Competitive Landscape

Key players competing in the global bank kiosk market are NCR Corp.; Diebold, Inc.; Hitachi-Omron Terminal Solutions; GRGBanking; Oki Electric; Shenzhen Yihua Computer Co., Ltd.; KAL ATM Software; Cisco Systems, Inc.; Glory Global Solution Limited; Inspur Technologies Co., Ltd.; and Nautilus Hyosung, among others.

These players are adopting various strategies including product launches, mergers & acquisitions, partnerships, and collaborations to increase their market share.

Bank Kiosk Market Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Bank Kiosk Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Bank Kiosk Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Bank Kiosk Market - Supply Chain
  4.5. Global Bank Kiosk Market Forecast
     4.5.1. Bank Kiosk Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Bank Kiosk Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Bank Kiosk Market Absolute $ Opportunity
5. Global Bank Kiosk Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Bank Kiosk Market Size and Volume Forecast by Types
     5.3.1. Single-functional kiosk
     5.3.2. Multi-functional kiosks
     5.3.3. Video teller machine       
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Bank Kiosk Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Bank Kiosk Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Bank Kiosk Demand Share Forecast, 2019-2026
7. North America Bank Kiosk Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Bank Kiosk Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Bank Kiosk Market Size and Volume Forecast by Types
     7.4.1. Single-functional kiosk
     7.4.2. Multi-functional kiosks
     7.4.3. Video teller machine       
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Bank Kiosk Demand Share Forecast, 2019-2026
8. Latin America Bank Kiosk Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Bank Kiosk Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Bank Kiosk Market Size and Volume Forecast by Types
     8.4.1. Single-functional kiosk
     8.4.2. Multi-functional kiosks
     8.4.3. Video teller machine       
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Bank Kiosk Demand Share Forecast, 2019-2026
9. Europe Bank Kiosk Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Bank Kiosk Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Bank Kiosk Market Size and Volume Forecast by Types
     9.4.1. Single-functional kiosk
     9.4.2. Multi-functional kiosks
     9.4.3. Video teller machine       
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Bank Kiosk Demand Share Forecast, 2019-2026
10. Asia Pacific Bank Kiosk Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Bank Kiosk Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Bank Kiosk Market Size and Volume Forecast by Types
     10.4.1. Single-functional kiosk
     10.4.2. Multi-functional kiosks
     10.4.3. Video teller machine       
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Bank Kiosk Demand Share Forecast, 2019-2026
11. Middle East & Africa Bank Kiosk Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Bank Kiosk Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Bank Kiosk Market Size and Volume Forecast by Types
     11.4.1. Single-functional kiosk
     11.4.2. Multi-functional kiosks
     11.4.3. Video teller machine       
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Bank Kiosk Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Bank Kiosk Market: Market Share Analysis
  12.2. Bank Kiosk Distributors and Customers
  12.3. Bank Kiosk Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. NCR Corp.
     12.4.2. Diebold, Inc.
     12.4.3. Hitachi-Omron Terminal Solutions
     12.4.4. GRGBanking
     12.4.5. Oki Electric
     12.4.6. Shenzhen Yihua Computer Co., Ltd.
     12.4.7. KAL ATM Software
     12.4.8. Ci

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