Product Code: A06950
According to a new report published by Allied Market Research, titled, "Virtual Teller Machine (VTM) Market," The virtual teller machine (vtm) market was valued at $1.6 billion in 2022, and is estimated to reach $5 billion by 2032, growing at a CAGR of 12.5% from 2023 to 2032.
Increase in demand for cost-effective and secure solutions and surge in adoption of automation solutions in the banking sector is boosting the growth of the global virtual teller machine (VTM) market. In addition, increase in adoption of multifunctionality features in VTMs is positively impacts growth of the virtual teller machine (VTM) market. However, security issues and privacy concerns and high implementation cost is hampering the virtual teller machine (VTM) market growth. On the contrary, increase in adoption of video banking technology is expected to offer remunerative opportunities for expansion of the virtual teller machine (VTM) market during the forecast period.
The virtual teller machine (VTM) market is segmented on the basis of by offering, deployment, provider, and region. On the basis of offering, the market is categorized into hardware, software and service. On the basis of deployment, the market is fragmented into on-site, off-site, and others. By provider, it is classified into bank and financial institutions and managed service provider. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players that operate in the virtual teller machine (VTM) market are Huawei Technologies Co., Ltd., Kontron AG, Aurionpro Solutions Ltd, Arman Design, KIOSK Information Systems, REDYREF, Slabb Kiosks, Phoenix Microsystems, NCR Corporation, and Hitachi-Omron Terminal Solutions. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key Benefits for Stakeholders
- The study provides an in-depth analysis of the global virtual teller machine (VTM) market forecast along with the current and future trends to explain the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analysis on global virtual teller machine (VTM) market trend is provided in the report.
- The Porter's five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
- The quantitative analysis of the market from 2023 to 2032 is provided to determine the market potential
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 20% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline talk to the sales executive to know more)
- Industry life cycle assessment, by region
- Product Benchmarking / Product specification and applications
- Product Life Cycles
- Technology Trend Analysis
- Consumer Preference and Product Specifications
- Market share analysis of players by products/segments
- New Product Development/ Product Matrix of Key Players
- Additional country or region analysis- market size and forecast
- Expanded list for Company Profiles
- Key player details (including location, contact details, supplier/vendor network etc. in excel format)
- SWOT Analysis
- Volume Market Size and Forecast
Key Market Segments
By Offering
- Hardware
- Software
- Service
By Deployment
By Provider
- Bank and Financial Institutions
- Managed Service Provider
By Region
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- Aurionpro Solutions Ltd
- NCR Corporation
- Kontron AG
- REDYREF
- Hitachi-Omron Terminal Solutions
- Arman Design
- KIOSK Information Systems
- Slabb Kiosks
- Diebold Nixdorf
- Huawei Technologies Co., Ltd.
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Increase in demand for cost-effective and secure solutions
- 3.4.1.2. Surge in adoption of automation solutions in the banking sector
- 3.4.1.3. Increase in adoption of multifunctionality features in VTMs
- 3.4.2. Restraints
- 3.4.2.1. Security issues and privacy concerns
- 3.4.2.2. High implementation cost
- 3.4.3. Opportunities
- 3.4.3.1. Increase in adoption of video banking technology
- 3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: VIRTUAL TELLER MACHINE (VTM) MARKET, BY OFFERING
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Hardware
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Software
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Service
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
CHAPTER 5: VIRTUAL TELLER MACHINE (VTM) MARKET, BY DEPLOYMENT
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. On-site
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Off-site
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Others
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
CHAPTER 6: VIRTUAL TELLER MACHINE (VTM) MARKET, BY PROVIDER
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Bank and Financial Institutions
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Managed Service Provider
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
CHAPTER 7: VIRTUAL TELLER MACHINE (VTM) MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Offering
- 7.2.3. Market size and forecast, by Deployment
- 7.2.4. Market size and forecast, by Provider
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Market size and forecast, by Offering
- 7.2.5.1.2. Market size and forecast, by Deployment
- 7.2.5.1.3. Market size and forecast, by Provider
- 7.2.5.2. Canada
- 7.2.5.2.1. Market size and forecast, by Offering
- 7.2.5.2.2. Market size and forecast, by Deployment
- 7.2.5.2.3. Market size and forecast, by Provider
- 7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Offering
- 7.3.3. Market size and forecast, by Deployment
- 7.3.4. Market size and forecast, by Provider
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. UK
- 7.3.5.1.1. Market size and forecast, by Offering
- 7.3.5.1.2. Market size and forecast, by Deployment
- 7.3.5.1.3. Market size and forecast, by Provider
- 7.3.5.2. Germany
- 7.3.5.2.1. Market size and forecast, by Offering
- 7.3.5.2.2. Market size and forecast, by Deployment
- 7.3.5.2.3. Market size and forecast, by Provider
- 7.3.5.3. France
- 7.3.5.3.1. Market size and forecast, by Offering
- 7.3.5.3.2. Market size and forecast, by Deployment
- 7.3.5.3.3. Market size and forecast, by Provider
- 7.3.5.4. Italy
- 7.3.5.4.1. Market size and forecast, by Offering
- 7.3.5.4.2. Market size and forecast, by Deployment
- 7.3.5.4.3. Market size and forecast, by Provider
- 7.3.5.5. Spain
- 7.3.5.5.1. Market size and forecast, by Offering
- 7.3.5.5.2. Market size and forecast, by Deployment
- 7.3.5.5.3. Market size and forecast, by Provider
- 7.3.5.6. Rest of Europe
- 7.3.5.6.1. Market size and forecast, by Offering
- 7.3.5.6.2. Market size and forecast, by Deployment
- 7.3.5.6.3. Market size and forecast, by Provider
- 7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Offering
- 7.4.3. Market size and forecast, by Deployment
- 7.4.4. Market size and forecast, by Provider
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Market size and forecast, by Offering
- 7.4.5.1.2. Market size and forecast, by Deployment
- 7.4.5.1.3. Market size and forecast, by Provider
- 7.4.5.2. Japan
- 7.4.5.2.1. Market size and forecast, by Offering
- 7.4.5.2.2. Market size and forecast, by Deployment
- 7.4.5.2.3. Market size and forecast, by Provider
- 7.4.5.3. India
- 7.4.5.3.1. Market size and forecast, by Offering
- 7.4.5.3.2. Market size and forecast, by Deployment
- 7.4.5.3.3. Market size and forecast, by Provider
- 7.4.5.4. Australia
- 7.4.5.4.1. Market size and forecast, by Offering
- 7.4.5.4.2. Market size and forecast, by Deployment
- 7.4.5.4.3. Market size and forecast, by Provider
- 7.4.5.5. South Korea
- 7.4.5.5.1. Market size and forecast, by Offering
- 7.4.5.5.2. Market size and forecast, by Deployment
- 7.4.5.5.3. Market size and forecast, by Provider
- 7.4.5.6. Rest of Asia-Pacific
- 7.4.5.6.1. Market size and forecast, by Offering
- 7.4.5.6.2. Market size and forecast, by Deployment
- 7.4.5.6.3. Market size and forecast, by Provider
- 7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Offering
- 7.5.3. Market size and forecast, by Deployment
- 7.5.4. Market size and forecast, by Provider
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Latin America
- 7.5.5.1.1. Market size and forecast, by Offering
- 7.5.5.1.2. Market size and forecast, by Deployment
- 7.5.5.1.3. Market size and forecast, by Provider
- 7.5.5.2. Middle East
- 7.5.5.2.1. Market size and forecast, by Offering
- 7.5.5.2.2. Market size and forecast, by Deployment
- 7.5.5.2.3. Market size and forecast, by Provider
- 7.5.5.3. Africa
- 7.5.5.3.1. Market size and forecast, by Offering
- 7.5.5.3.2. Market size and forecast, by Deployment
- 7.5.5.3.3. Market size and forecast, by Provider
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product Mapping of Top 10 Player
- 8.4. Competitive Dashboard
- 8.5. Competitive Heatmap
- 8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
- 9.1. Huawei Technologies Co., Ltd.
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.1.7. Key strategic moves and developments
- 9.2. Kontron AG
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.2.7. Key strategic moves and developments
- 9.3. Aurionpro Solutions Ltd
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.3.7. Key strategic moves and developments
- 9.4. Arman Design
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.5. KIOSK Information Systems
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Key strategic moves and developments
- 9.6. REDYREF
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.7. Slabb Kiosks
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.8. Diebold Nixdorf
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.9. NCR Corporation
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.9.7. Key strategic moves and developments
- 9.10. Hitachi-Omron Terminal Solutions
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance
- 9.10.7. Key strategic moves and developments