What is the current size of the global bank kiosk market?

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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