The Banking Maintenance Support & Services Market report includes an overview, which interprets value chain structure, industrial environment, regional analysis, applications, types market size, and forecast. The report is integrated with imperative insights on the market which will support the clients to make precise business decisions. The report incorporates data regarding the supply and demand situation, the competitive scenario, and the challenges for market growth, market opportunities, and the threats encountered by key players during the forecast period of 2021-2025. This is the latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. The Banking Maintenance Support and Services Market is expected to register a CAGR of approximately 9% during the forecast period (2020 – 2025).
The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Banking Maintenance Support & Services Market: CeleritiFinTech, Diebold Nixdorf, Inc., CashLink Global Systems Pvt. Ltd., NCR Corporation, Cardtronics Inc., Glory Global Solutions (International) Limited and others.
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Industry News and Updates:
– February 2020 – Hitachi Terminal Solutions (Thailand) Co., Ltd., a local subsidiary of Hitachi-Omron Terminal Solutions, Corp. received an order for an ATM deployment and management outsourcing services from a state-owned bank of Thailand, Government Savings Bank, by forming a partnership with Platt Nera International Limited. Hitachi Terminal Solutions in Thailand will provide GSB with comprehensive operation services, including asset provision, operations, monitoring, and maintenance of 2,900 ATMs for five years.
– May 2019 – NCR Corporation collaborated with Oman Arab Bank, which made it the first bank to deploy NFC contactless card-reading technology. The technology will make the ATM transactions more secure and 15% faster than card-enabled transactions.
Key Market Trends:
– The major challenge faced by the BFSI industry is to enhance the customer experience at the bank branches and eliminate the long time spent in queues. For this, several banks are making efforts to automate several tasks by deploying self-service devices such as ATMs, Cash Deposit Machines, Banking Kiosks, Digital Signage Systems, and many more.
– Such devices foster ease in performing several banking activities, such as balance inquiry, money transfer, cheque deposit, cash withdrawal, and many more. These devices the bankers to eliminate long queues at the branches and reducing the wait times while increasing their efficiency in managing their customers.
– For instance, CashLink Global Systems’ ATM Service business provides several solutions to its customers, such as ATM Installation and De-Installation, Relocation, Transportation, Handling, Testing, Commissioning, Operational Training, and SLM.
Regional Analysis For Banking Maintenance Support & Services Market:
For comprehensive understanding of market dynamics, the global Banking Maintenance Support & Services Market is analysed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analysed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
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What Are the Market Factors That Are Explained in The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Banking Maintenance Support & Services Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyse the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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