Digitization across Financial Sector Spurs Installation of Bank Kiosks

San Francisco, California, June 19, 2017 : Innovation and digitization are key for the growth of any modern industry and the financial sector is no exception. With the development of smart cities around the globe, the demand for bank kiosks has witnessed a steady increase. In a report titled “Bank Kiosk Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025”, TMR Research studies the emergence and development of bank kiosks and the growth of the worldwide market over the years. The report serves as an ideal blueprint for existing and new players looking to make the most of the opportunities available.

The report offers a detailed assessment of the main factors driving and hampering the growth of the bank kiosk market and offers recommendations on how to overcome the challenges and make the most of the opportunities lying ahead. It has been observed that the rising demand for self-service in the financial sector is a key driving force. Moreover, the setting up of bank kiosks reduces operational costs by a significant margin and enhances customer services. As investments by private and public entities increase, the bank kiosks market is sure to witness strong growth over the coming years. On the flip side, high cost of installation is a factor that is likely to restrict the widespread setting up of bank kiosks around the world. In addition, as more and more customers prefer online and mobile banking services, the demand for bank kiosks is likely to be threatened.

The major regional markets covered in the report are Latin America, North America, the Middle East and Africa, Europe, and Asia Pacific. Asia Pacific is poised to witness impressive growth over the course of the forecast period, driven by the rising demand for bank kiosks, supported by an increase in government initiatives to generate awareness among the general public. Bank kiosks offer a great deal of convenience to consumers and propelled by increasing consumer approval, the market in Asia Pacific will continue to expand at a healthy pace. In addition to this, a number of global and multinational firms are focusing on emerging economies such as China and India, further driving the bank kiosks market in APAC.

Korala Associates Limited (Kal Atm Software), Hitachi-Omron Terminal Solutions, Corp., Nautilus Hyosung, OKI Electric Industry Co., Ltd., Diebold, Inc., Cisco Systems, Inc., Shenzhen Yi of Computer Co., Ltd., Auriga SPA, NCR Corporation, Glory Limited, GRG Banking, and Inspur Technologies Co., Ltd. are some of the key participants in the bank kiosk market. Considering the number of players in this market, the degree of rivalry is high and will continue to remain so through 2025.

Analysts have carefully studied the profiles of each of the companies covered in the report, focusing on aspects such as business and financial overview, product and service portfolio, growth strategies, recent developments, and the latest trends impacting their growth trajectory.