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jassicaleo318 · 9 months ago

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Navigating Tomorrow: Dynamics and Innovations in the Latin America ATM Services Market

The Latin America ATM Services Market, a vital component of the region's financial infrastructure, witnessed substantial growth, reaching a value of USD 2.76 billion in 2023. Projections indicate a promising trajectory, with an estimated Compound Annual Growth Rate (CAGR) of 5.10% between 2024 and 2032. This anticipates a market expansion, reaching a value of USD 4.32 billion by 2032. This article explores the historical evolution, technological advancements, market dynamics, and key factors propelling the growth of the Latin America ATM Services Market.

Historical Evolution:

The inception of Automated Teller Machines (ATMs) in Latin America marked a transformative shift in the banking landscape. Introduced to enhance accessibility to banking services, ATMs became instrumental in providing 24/7 convenience to customers. Since their introduction, ATMs have evolved from simple cash dispensers to multifunctional terminals offering a range of financial services.

Technological Advancements:

The Latin America ATM Services Market reflects the rapid pace of technological advancements. ATMs have evolved beyond basic cash withdrawal, incorporating features such as fund transfers, bill payments, and mobile top-ups. Integration of biometric authentication, contactless transactions, and real-time account updates showcase the market's commitment to providing secure, efficient, and modern financial services.

Market Dynamics and Industry Players:

The market operates within a dynamic ecosystem, with financial institutions, independent ATM deployers, and technology providers playing pivotal roles. Major banks invest in expanding their ATM networks to enhance customer accessibility, while independent deployers contribute to the market's diversity by offering services in various locations. Technology providers continually innovate to meet evolving security and operational standards.

Financial Inclusion Initiatives:

ATMs play a crucial role in financial inclusion initiatives across Latin America. By providing banking services in remote and underserved areas, ATMs bridge the gap between traditional banking and unbanked populations. Governments and financial institutions collaborate to deploy ATMs strategically, ensuring broader access to financial services for all segments of society.

Security Measures and Fraud Prevention:

As the Latin America ATM Services Market expands, so does the focus on security measures and fraud prevention. Advanced encryption, biometric authentication, and real-time monitoring systems are deployed to safeguard transactions and protect user data. Collaborative efforts between industry stakeholders and regulatory bodies contribute to the development and implementation of robust security standards.

Cashless Trends and ATM Innovation:

While cashless transactions gain popularity, ATMs continue to innovate to stay relevant. Some ATMs now facilitate cardless transactions, allowing users to withdraw cash using mobile apps. The market adapts to changing consumer behaviors, ensuring that ATMs remain a convenient and flexible financial service option.

Impact of Digital Banking and ATMs:

The rise of digital banking has influenced the role of ATMs, creating a symbiotic relationship between digital channels and physical ATMs. ATMs serve as touchpoints for users who prefer a blend of online and offline banking services. Financial institutions leverage this convergence to offer seamless and integrated banking experiences across platforms.

Financial Literacy and User Education:

The Latin America ATM Services Market actively engages in financial literacy and user education initiatives. Educational campaigns inform users about the various functionalities of ATMs, safe transaction practices, and the importance of securing personal identification numbers (PINs). By fostering financial literacy, the market aims to empower users with the knowledge needed to make informed and secure transactions.

Remote Monitoring and Maintenance:

To ensure the reliability and optimal performance of ATMs, remote monitoring and maintenance systems have become integral to the market. Advanced technologies enable real-time monitoring of ATMs, allowing for proactive issue resolution and preventive maintenance. This approach minimizes downtime, enhances operational efficiency, and contributes to a seamless user experience.

Cash Management Strategies:

Efficient cash management is a critical aspect of the Latin America ATM Services Market. Financial institutions and independent deployers employ sophisticated cash forecasting and replenishment systems to optimize ATM cash levels. By adopting data-driven strategies, the market minimizes cash-outs, reduces operational costs, and ensures that ATMs are adequately stocked to meet user demand.

Interconnected Payment Ecosystems:

The Latin America ATM Services Market is increasingly integrated into broader payment ecosystems. Collaborations with payment networks, fintech companies, and digital wallet providers enable ATMs to support a diverse range of transactions beyond traditional cash withdrawals. This interconnected approach aligns with the region's evolving payment landscape.

Biometric Authentication Adoption:

Biometric authentication, including fingerprint and palm vein scanning, is gaining traction within the market as an additional layer of security. The adoption of biometrics enhances user identification and authentication processes, contributing to fraud prevention and reinforcing the trustworthiness of ATM services. This innovative approach aligns with global trends in enhancing transaction security.

Customer-Centric Design and Accessibility:

The design of ATMs is evolving to become more customer-centric and accessible. User-friendly interfaces, clear signage, and features catering to individuals with disabilities contribute to an inclusive banking experience. The market recognizes the importance of creating ATMs that are not only secure and efficient but also user-centric in design.

Green and Sustainable ATMs:

Sustainability considerations are influencing the Latin America ATM Services Market, leading to the development of green and sustainable ATM solutions. Energy-efficient technologies, recyclable materials, and environmentally friendly practices contribute to reducing the ecological footprint of ATMs. Sustainable initiatives align with the region's commitment to responsible business practices.

Fintech Integration for Innovation:

The integration of fintech solutions within the Latin America ATM Services Market fosters innovation and expands service offerings. Collaboration with fintech firms enables the introduction of advanced functionalities, such as real-time account updates, instant issuance of prepaid cards, and integration with digital wallets. This synergy enhances the overall value proposition of ATMs in the evolving financial landscape.

#Latin America ATM Services Market #atm services #market report #growth

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mariacallous · 12 days ago

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Chinese President Xi Jinping visits Peru this week for the Asia-Pacific Economic Cooperation (APEC) summit, during which he will inaugurate the deep-water port of Chancay, about 45 miles north of Lima. It’s a $3.6 billion project—one of China’s largest infrastructure investments in the region in the past two decades.

It also may be one of the last of its kind.

Upon becoming president in 2013, in an attempt to deepen the so-called going out strategy and find new markets for booming Chinese production, Xi initiated a reform agenda that intensified diplomatic outreach and boosted overseas investment, the capstone of which was the Belt and Road Initiative (BRI).

Big infrastructure contracts were a win-win move: They allowed China to offload excess capacity of steel, labor, and other inputs while providing urgently needed infrastructure to Latin America. Since 2017, 22 countries in Latin America and the Caribbean have formally joined the BRI, utterly transforming China’s relationship with the continent. China is now Latin America’s second-largest trading partner, after only the United States.

But after two decades of growing sway in the region, Beijing is taking a new approach. As it struggles to manage an economic slowdown, a mounting debt burden, and a broken real estate market, Beijing is bringing an end to the era of high-risk, high-cost mega-infrastructure projects in favor of smaller, new frontier investments in cloud computing, 5G technology, renewable energy, artificial intelligence, and electric vehicles.

China has pitched its new strategy to the world as visionary and forward-looking. Its Latin American partners, however, are less convinced.

The significant, long-standing infrastructure gap in Latin America has made leaders hungry for external investment. Whereas the United States and the European Union have been reluctant to put up large sums, China was happy to get involved.

BRI money has funded roads through the jungles of Costa Rica; railways in Bolivia and Argentina; industrial parks and a container port in Trinidad and Tobago; the biggest hydroelectric plant in Ecuador; and the first transoceanic fiber-optic cable directly connecting Asia to South America, stretching from China to Chile, among other projects.

These big infrastructure projects have paralleled increased Chinese investments in soft power and diplomacy. The United States used to be very adept with its Latin American partners, but China has overtaken it, said Benjamin Creutzfeldt, a China scholar.

“The Chinese have become better at engaging through charm offensives with their charismatic ambassadors,” he said. “They learned how to deal with their counterparts effectively.”

But China’s expansion in the region—particularly in hard infrastructure—has come at a cost for Latin America. Chinese companies have been accused of substandard construction practices and corruption in prior big-item investments.

For instance, the Coca Codo Sinclair dam, a hydroelectric rock-fill dam in the jungles of Ecuador, has not stopped making negative headlines since being inaugurated in November 2016. The estimated $3.4 billion project—the largest in Ecuador’s history—was built and financed by China as a flagship BRI project. But by July 2022, more than 17,000 cracks had already splintered across the dam, and many of the top Ecuadorian officials involved in the construction have been imprisoned or sentenced on bribery charges related to the project.

Not only is Ecuador now left with faulty infrastructure, it’s also stuck with crushing amounts of debt. The BRI has shifted China from being Latin America’s ATM to its biggest debt collector. China rivals the World Bank and the Inter-American Development Bank as the biggest creditor in the region and has left Latin America with the highest level of debt service payments in the world, at an estimated 4 percent of regional GDP. According to the research from the Center for Economic Policy Research, the share of Chinese loans to countries in financial distress increased from about 5 percent in 2010 to about 60 percent in 2022.

For its part, Ecuador is attempting to pay back its debt by exporting oil to China at almost an 80 percent discount. But this arrangement could cause problems for China, too, in the long run.

“Supporting these mega-projects, which do not have big returns, in indebted countries, isn’t necessarily a good business strategy,” said Leland Lazarus, the associate director of national security at Florida International University’s Jack D. Gordon Institute for Public Policy.

“China is at the risk of not getting their money back,” said Axel Dreher, a professor at Germany’s Heidelberg University.

After more than two decades of big, ambitious physical infrastructure projects, China has begun to face the music.

Strained economic and political situations on the domestic front have increased pressure to spend less abroad and focus on the country’s internal development needs. Just last week, the Chinese government approved a $1.4 trillion plan to boost the economy by allowing local government to refinance debts.

China is also increasingly wary of infrastructure projects after being criticized for its subpar BRI implementation. AidData, an international development research lab, analyzed more than 13,427 of the initiative’s projects across 165 countries, worth $843 billion, and found that 35 percent had “major implementation problems,” such as scandals, protests, corruption, labor violations, and environmental degradation.

China is still finishing up certain hard infrastructure projects, including the Bogotá Metro rapid transit system in Colombia, but will pursue fewer moving forward. Instead, hungry for cash and eager to de-risk investments while remaining relevant overseas, China has shifted its focus toward new frontier projects—already to great effect.

Wenyi Cai, a Chinese investor and the CEO of Polymath Ventures, a venture studio in Latin America, said that she has seen overwhelming Chinese interest in digital investments, particularly in Mexico and Brazil. Just in 2022, 58 percent of Chinese investments in Latin America and the Caribbean were in these new infrastructure industries, up from about 25 percent in the previous year.

This shift is particularly notable in the telecoms industry. Already, up to 70 percent of Latin America’s 4G-LTE cellular networks are supported by infrastructure from the Chinese tech giant Huawei, which grew by 9 percent in the region in 2022, according to a report from the University of Navarra. The company is also rolling out 5G networks in several countries in the region.

China is also making waves in the electric vehicle industry. In 2022, Chinese firms invested $2.2 billion in the industry—35 percent of all Chinese foreign direct investment in the region that year, according to an Inter-American Dialogue report. In 2023, China emerged as Mexico’s top car supplier, exporting $4.6 billion worth of vehicles, and the Chinese electric vehicle manufacturer BYD is actively exploring factory locations in the country.

Undoubtedly, China’s interest in this supposed technical revolution is economical. For China, the new frontier sectors present less risk, lower operating costs, and faster returns than traditional infrastructure projects in a retrenched post-pandemic world.

“As China has less overall capital to allocate, it tries to do so in a more strategic way,” said Margaret Myers, the director of the Asia and Latin America program at the Inter-American Dialogue.

This, however, has resulted in a huge decrease in funds for Latin America. From 2010 to 2019, China invested an average of $14.2 billion per year in the region. By 2022, however, this amount had dropped to less than half—just $6.4 billion. A similar trend can be observed in loans from China’s top development finance institutions: At its peak in 2010, China lent more than $25 billion in the region, but this dropped to a little more than $1.3 billion per year between 2019 and 2023.

Though infrastructure is no longer the smartest investment strategy, that doesn’t mean the region’s need for it is going anywhere. Luis Alberto Moreno, the former president of the Inter-American Development Bank, told Foreign Policy that there continues to be a large infrastructure deficit in Latin America that is only growing bigger as the region becomes richer and demands more energy, goods, and services.

Non-Chinese development banks, including the World Bank and the Inter-American Development Bank, have already started filling the gap since Chinese lending first dropped in 2015. This includes significant new financing from the Inter-American Development Bank for road improvements last year, with $600 million allocated to Mexico, $480 million to Brazil, and $345 million to Argentina.

But Moreno said that he doubts that the World Bank and the Inter-American Development Bank will be able to fill the void alone. China seems to be the only other option, but it’s not playing ball.

Despite the region finding itself trapped in domestic debt and having been burned by infrastructure projects that did not fulfill time, cost, and quality expectations, a fear nevertheless lingers in Latin America about what it will do without massive inflows of Chinese money.

“There is this sense that it [infrastructure] needs to be done, whether China is the one to do it or not,” Myers said.

Yet, China’s increased focus on new frontier investments could enable Latin American countries to enhance their much-needed digital infrastructure, positioning them to capitalize on automation and the adoption of artificial intelligence. It could also facilitate the region’s participation in a global green transition.

Jesús Seade, Mexico’s ambassador to China, sees the shifting focus toward more innovation-led investment as an opportunity for his country. “It means development—it means helping Mexico climb the value chain,” he told Foreign Policy.

But some worry that the region will become over-reliant on China in these new sectors, just as it did for the big physical infrastructure projects, without improving its own competitiveness in the process. Although some welcome cheap green technologies from China in order to ease the region’s transition to cleaner energy use, concerns remain about Latin American countries not doing enough to bolster their capacity to produce high-value manufacturing goods, harness Chinese technology transfers, and implement robust security measures to safeguard against the misuse of citizens’ data.

The new frontier investments could also pose security threats to Latin American governments and their citizens, including through surveillance, cybersecurity, and intellectual property risks that the region is unprepared to deal with, according to Robert Evan Ellis, a professor of Latin American studies at the U.S. Army War College. He is also concerned about China’s ability to misuse its access and knowledge about operations in key logistics hubs—such as the Panama Canal or the Chancay port—to disrupt access or launch attacks if a conflict were to emerge.

Another concern is the power balance between China and its Latin American partners. According to Marisela Connelly, a professor at the Center for Asian and African Studies at the College of Mexico, China is the one determining the conditions for trade and investment in the region.

“China simply wants Latin American countries to adapt to China’s needs,” Connelly said. She criticized the Mexican government for having “no strategy” and “no clear objectives” in its relationship to China.

Ultimately, the situation raises an important question about what infrastructure Latin America really needs.

“I’m not sure this [less investment in hard infrastructure] is a bad thing,” Evan Ellis said. Ultimately, Latin America has to pay for its infrastructure projects, and China’s shift may save the region from more unviable and expensive infrastructure projects moving forward.

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rohanisblog · 16 days ago

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2024–2032 ATM Market Analysis | Projected to Hit $33.74 Billion Globally

Astute Analytica has released a comprehensive report titled Global ATM Market – Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032. This report provides an in-depth examination of the industry, including valuable insights into market analysis, competition, and geographical research. It also highlights recent developments in the global industry.

Market Overview and Forecast

Global ATM Market was valued at US$ 21.71 billion in 2023 and is projected to hit the market valuation of US$ 33.74 billion by 2032 at a CAGR of 5.02% during the forecast period 2024–2032.

In addition to market positioning, the report offers a thorough analysis of relevant data, key developments, and revenue streams. It outlines the strategies employed by key market players to expand their market presence and strengthen their positions. The report includes detailed information that illustrates the overall market condition.

A Request of this Sample PDF File@- https://www.astuteanalytica.com/request-sample/atm-market

Key Insights

The report emphasizes future trends, market dynamics, market shares, threats, opportunities, and entry barriers. Important analytical data is presented through pie charts, graphs, and tables, providing readers with a clear understanding of the market landscape.

Marketing Channels and Supply Chain

Special attention is given to marketing channels, downstream client surveys, upstream raw materials analysis, and market development trends. The report also includes expert recommendations and crucial information about major chemical suppliers, manufacturers, key consumers, distributors, and dealers, along with their contact details. This information is essential for conducting a detailed market chain analysis.

Geographical Analysis

The report features detailed investigations into the global ATM market across various regions, analyzing over 20 countries that significantly contribute to market development. Key regional markets studied include North America, Europe, Asia Pacific, South America, Africa, the Middle East, and Latin America. This thorough examination aids in identifying regional market opportunities and challenges.

Competitive Analysis

To illustrate the competitive landscape, the report differentiates business attributes and identifies leading market players. It includes the latest trends, company profiles, financial standings, and SWOT analyses of major ATM market players, providing a comprehensive view of the competitive environment.

Key Players

Diebold Nixdorf

Euronet Worldwide Inc

Fujitsu Limited

G4S plc

Genmega

GRG Banking

HANTLE Inc.

Hitachi Channel Solutions, Corp.

Hyosung Corporation

Lipi Data Systems Ltd.

NCR Corporation

OKI Electric Industry Co., Ltd.

Tidel Engineering

Triton Systems

Other Prominent Players

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Methodology

The global ATM analysis is based on primary and secondary data sources. Primary sources include expert interviews with industry analysts, distributors, and suppliers, while secondary sources encompass statistical data reviews from government websites, press releases, and annual reports. Both data types validate the findings from global market leaders. The report utilizes top-down and bottom-up approaches to analyze estimates for each segment.

Market Segmentation

By Component

Hardware

Software

Services

Professional Services

Managed Services

By Operation

White Label ATM

Brown Label ATM

Green Label ATM

Others

By Location

On-site ATM

Off-site ATM

Worksite ATM

Mobile ATM

By Application

Withdrawals

Transfers

Deposits

Others

By Region

North America

The U.S.

Canada

Mexico

Europe

Western Europe

The UK

Germany

France

Italy

Spain

Rest of Western Europe

Eastern Europe

Poland

Russia

Rest of Eastern Europe

Asia Pacific

China

India

Japan

Australia & New Zealand

South Korea

ASEAN

Rest of Asia Pacific

Middle East & Africa (MEA)

Saudi Arabia

South Africa

UAE

Rest of MEA

South America

Argentina

Brazil

Rest of South America

Download Sample PDF Report@- https://www.astuteanalytica.com/request-sample/atm-market

About Astute Analytica:

Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.

They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyse for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.

Get in touch with us

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LinkedIn | Twitter | YouTube | Facebook | Pinterest

#ATM Market #Size #Share #Trends

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tamanna31 · 2 months ago

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Interactive Kiosk Market - Structure, Size, Trends, Analysis and Outlook 2022-2030

Interactive Kiosk Industry Overview

The global interactive kiosk market size was valued at USD 28.45 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 7.1% from 2022 to 2030.

Due to the high development in payment and security technologies, the market has witnessed rapid growth over the past few years. Many of the self-service kiosk manufacturers will continue to extract these technologies’ maximum potential and are expected to include them as an indispensable component of their product offering. Interactive kiosks help prevent long queues at public places, such as inquiry counters at railway stations, banks, and malls and check-in counters at airports. At places, such as hospitals and government offices, they help reduce the paperwork associated with visitor data collection and enhance visitors’ experiences.

Gather more insights about the market drivers, restrains and growth of the Interactive Kiosk Market

An increase in product adoption in the BFSI and retail segments is expected to be a major growth driver for the market. Some of the major manufacturers are already working on developing and integrating Artificial Intelligence (AI)-based technology in interactive kiosks. For instance, ViaTouch Media has introduced AI-based kiosks, which enable shoppers to examine the products before making a purchase. As products are removed from the retailer’s shelf, a video screen above displays product information to the customer. The growing problems due to the outbreak of COVID-19 have increased the adoption of self-checkout kiosks to avoid human interaction. As self-checkout kiosks ensure social distancing in stores, they pave the way for a little human interaction.

Looking forward to driving the adoption of and advantages offered by interactive kiosks to customers, the vendors operating in the market have launched various advanced solutions and technologies in response to the COVID-19 pandemic. The COVID-19 pandemic has doubled the R&D spending and innovation by the vendors. For instance, kiosk systems with temperature sensors, Personal Protective Equipment (PPE)-dispensing kiosks, smart kiosks that collect swab samples for COVID-19 tests, and mobile testing kiosks are some of the latest solutions launched by the vendors operating in the market. The vendors are expected to continue focusing on product innovation and development to gain a significant share in the years to come.

Interactive Kiosk Market Segmentation

Grand View Research has segmented the global interactive kiosk market report on the basis of component, type, end use, and region:

Component Outlook (Revenue, USD Million, 2017 - 2030)

Hardware

Display

Printer

Others

Software

Windows

Android

Linux

Others (iOS, Others)

Service

Integration & Deployment

Managed Services

Type Outlook (Revenue, USD Million, 2017 - 2030)

Automated Teller Machines (ATMs)

Retail Self-Checkout Kiosks

Self-Service Kiosks

Vending Kiosks

End Use Outlook (Revenue, USD Million, 2017 - 2030)

BFSI

Retail

Food & Beverage

Healthcare

Government

Travel & Tourism

Others

Regional Outlook (Revenue, USD Million, 2017 - 2030)

North America

Canada

Europe

Germany

France

Asia Pacific

China

India

Japan

Singapore

Thailand

Indonesia

Malaysia

Vietnam

Australia

Latin America

Brazil

Middle East & Africa (MEA)

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

The global hybrid printing technologies market size was estimated at USD 4.59 billion in 2023 and is projected to grow at a CAGR of 12.3% from 2024 to 2030.

The global 4D printing market size was estimated at USD 156.8 million in 2023 and is anticipated to grow at a CAGR of 35.8% from 2024 to 2030.

Key Companies & Market Share Insights

The market is characterized by the presence of a few players accounting for significant industry share. New product launches and technology partnerships are some of the major strategies adopted by key companies to strengthen their market position. Key industry players are also heavily investing in research & development projects and focusing on establishing production infrastructure to develop and offer differentiated and cost-effective self-service solutions. The Meridian, Advanced Kiosk, and Kiosk Information System have a strong market presence due to the availability of a strong R&D department and production facilities. The companies mainly focus on product innovation and effective distribution through a strong network of partners in multiple countries, such as the U.S., Germany, India, and Brazil. Some of the key players in the global interactive kiosk market include:

NCR Corp.

Diebold Nixdorf AG

ZEBRA Technologies Corp.

Advanced Kiosks

Embross Group

GRGBanking

IER SAS

Order a free sample PDF of the Interactive Kiosk Market Intelligence Study, published by Grand View Research.

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industrynewsupdates · 3 months ago

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Interactive Kiosk Market, 2030: Growth Share and Future Trends

The global interactive kiosk market size was valued at USD 28.45 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 7.1% from 2022 to 2030.

Gather more insights about the market drivers, restrains and growth of the Interactive Kiosk Market

Interactive Kiosk Market Segmentation

Grand View Research has segmented the global interactive kiosk market report on the basis of component, type, end use, and region:

Component Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware

o Display

o Printer

o Others

• Software

o Windows

o Android

o Linux

o Others (iOS, Others)

• Service

o Integration & Deployment

o Managed Services

Type Outlook (Revenue, USD Million, 2017 - 2030)

• Automated Teller Machines (ATMs)

• Retail Self-Checkout Kiosks

• Self-Service Kiosks

• Vending Kiosks

End Use Outlook (Revenue, USD Million, 2017 - 2030)

• BFSI

• Retail

• Food & Beverage

• Healthcare

• Government

• Travel & Tourism

• Others

Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

o U.S.

o Canada

• Europe

o U.K.

o Germany

o France

• Asia Pacific

o China

o India

o Japan

o Singapore

o Thailand

o Indonesia

o Malaysia

o Vietnam

o Australia

• Latin America

o Brazil

• Middle East & Africa (MEA)

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global hybrid printing technologies market size was estimated at USD 4.59 billion in 2023 and is projected to grow at a CAGR of 12.3% from 2024 to 2030.

• The global 4D printing market size was estimated at USD 156.8 million in 2023 and is anticipated to grow at a CAGR of 35.8% from 2024 to 2030.

Key Companies & Market Share Insights

• NCR Corp.

• Diebold Nixdorf AG

• ZEBRA Technologies Corp.

• Advanced Kiosks

• Embross Group

• GRGBanking

• IER SAS

Order a free sample PDF of the Interactive Kiosk Market Intelligence Study, published by Grand View Research.

#Interactive Kiosk Market #Interactive Kiosk Industry #Interactive Kiosk Market size #Interactive Kiosk Market share #Interactive Kiosk Market analysis

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vijukumar · 6 months ago

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ATM Market: Trends, Players, Market Size and Growth

The Automated Teller Machine (ATM) market has undergone significant transformations over the years, driven by advancements in technology, changing consumer behavior, and the need for enhanced security measures. As the demand for cashless transactions continues to rise, the ATM market is poised for growth, with key players vying for market share. In this blog, we will delve into the current market size, share, and growth prospects, as well as highlight the major players and their market share.

Market Size and Growth

The global ATM market size was valued at USD 14.4 billion in 2020 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 4.5% from 2021 to 2028, reaching USD 19.4 billion by 2028. The growth is driven by the increasing adoption of digital payments, the need for enhanced security measures, and the expansion of the financial services sector.

Market Share

The ATM market is dominated by a few key players, with the top five companies accounting for over 70% of the market share. The market share of the top players is as follows:

Diebold Nixdorf: 24.1%

NCR Corporation: 20.5%

Hyosung: 12.3%

GRG Banking: 8.1%

Euronet Worldwide: 5.5%

These companies have established themselves as leaders in the ATM market through their strong product offerings, extensive distribution networks, and significant investments in research and development.

Market Trends

Several trends are shaping the ATM market, including:

Cashless Transactions: The rise of digital payments is driving the demand for cashless transactions, leading to an increase in the adoption of ATMs that support contactless and mobile payments.

Security: The need for enhanced security measures is a major concern for ATM operators, driving the adoption of advanced security features such as biometric authentication and encryption.

Cloud-Based Solutions: The shift towards cloud-based solutions is enabling ATM operators to reduce costs, improve efficiency, and enhance customer experience.

Smart ATMs: The integration of smart technologies, such as artificial intelligence and the Internet of Things (IoT), is transforming the ATM experience, enabling real-time monitoring and improved customer service.

Regional Analysis

The ATM market is geographically diverse, with different regions exhibiting varying growth rates. The key regions and their market share are as follows:

Asia-Pacific: 34.5%

North America: 26.2%

Europe: 20.5%

Latin America: 8.5%

Middle East and Africa: 10.3%

The Asia-Pacific region is expected to experience the highest growth rate due to the rapid expansion of the financial services sector and the increasing adoption of digital payments.

Conclusion The ATM market is poised for growth, driven by the increasing adoption of digital payments, the need for enhanced security measures, and the expansion of the financial services sector. The market is dominated by a few key players, with Diebold Nixdorf, NCR Corporation, Hyosung, GRG Banking, and Euronet Worldwide accounting for over 70% of the market share. The market trends, including cashless transactions, security, cloud-based solutions, and smart ATMs, are shaping the future of the ATM industry. As the demand for cashless transactions continues to rise, the ATM market is expected to experience significant growth, with the Asia-Pacific region leading the charge.

#ATM Managed Services Industry #UAE ATM Managed Services Market #future of ATM industry #ATM Managed Services Market #ATM Cash Management Market

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gayatrigunjkar · 1 year ago

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ATM Security in Focus: Safeguarding Your Transactions

The Automated Teller Machine (ATM) market stands as a resilient pillar in the ever-changing landscape of finance. In an era of digital payments and mobile banking, ATMs continue to be a vital link between consumers and their cash, ensuring easy access to funds around the clock. These ubiquitous cash dispensers are not only convenient but also evolving with the times, offering enhanced user experiences and advanced security features. As financial institutions adapt to the demands of a cashless society, ATMs remain relevant, serving not just as cash withdrawal points but also as hubs for various banking transactions. In an increasingly interconnected world, the ATM market is forging ahead, innovating to meet the evolving needs of consumers, while also contributing to financial inclusion and offering opportunities for sustainability and cybersecurity.

The Automated Teller Machine Market study by Allied Market Research includes an overview of business trends, competitor analysis, and a future market and technical analysis forecast. In addition, the study gave an illustration of the global value and key regional trends in terms of Earthquake InsurMark size, share and growth opportunities. All information about the global market has been carefully analyzed and verified by industry professionals after being gathered from very reliable sources.  

Download PDF Sample Copy: https://www.alliedmarketresearch.com/request-sample/230

A comprehensive and detailed method that combined primary and secondary research was used to thoroughly investigate the global E-Banking Market. While secondary research gave a broad overview of the products and services, primary research involved a thorough examination of many factors that influence the market. A process of searching is done using a variety of sources, such as press releases, professional journals, and government websites, to gain insights into the industry. This approach has made it possible to acquire a clear, extensive understanding of the global E-Banking Market

Analysis of Key Players:

The market is fragmented, with many large and medium-scale vendors controlling minority shares. Vendors actively engage in product development by making significant investments in R&D initiatives. Through a variety of growth strategies, including alliances, partnerships, mergers, and acquisitions, they are increasing their Shop Insurance Marketshare. 

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Major players operating in the Automated Teller Machine Market industry include NHAUSA, Hitachi-Omron Terminal Solutions, Corp., HESS Cash Systems GmbH, GRG Banking Equipment Co. Ltd., Triton Systems of Delaware, LLC, Euronet Worldwide, Inc., Diebold Nixdorf, Incorporated, Fujitsu Ltd, NCR Corporation, Source Technologies.

By Solution

DEPLOYMENT

MANAGED SERVICES

By Deployment Solution Type

Onsite ATMs

Offsite ATMs

Worksite ATMs

Mobile ATMs

By Type

Conventional/Bank ATMs

Brown ATMs

White ATMs

Cash Dispenser ATM

Smart ATMs

By Region

North America (U.S, Canada, and Mexico),

Europe (UK, Italy, Germany, France, Spain, Netherlands, Switzerland, and the Rest of Europe),

Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Thailand, and Rest of Asia-Pacific),

LAMEA (Latin America, Middle East, and Africa). 

The expert team at Allied Market Research continuously analyzes the market environment by making precise predictions about the necessary driving and restraining factors. On these factors, the stakeholders can base their business plans. 

Key Benefits for Stakeholders:

This report offers a quantitative examination of the market segments, estimations, recent trends, and dynamics of the Automated Teller Machine Market analysis from 2023 to 2032 to specify the key competitive advantages. 

An in-depth analysis of Market segmentation helps in determining current market opportunities.   

Porter's five forces analysis places a strong emphasis on consumers' and vendors' capacity to develop their supplier-buyer networks and come to profitable business decisions. 

The report examines regional and global market segmentation, LAMEA Travel Insurance MarkeTrends, leading players, market growth strategies, and application areas. 

Market participants' positioning encourages comparative analysis and provides a clear understanding of the player's current position.  

The major countries in each region are mapped based on their revenue contribution to the global market.   

The report provides in-depth details of the business tactics used by the major market participants in Automated Teller Machine Market growth. 

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Key Questions Answered in the Research Report- 

What are the market sizes and rates of growth for the various market segments in the global and regional market? 

What are the key benefits of the Automated Teller Machine Market report? 

What are the driving factors, restraints, and opportunities in the global Market? 

Which region has the largest share of the global Market? 

Who are the key players in the global Market? 

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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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kenresearchreport · 1 year ago

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Why UAE’s Debt Collection Industry is poised for growth despite the many challenges it faces in a competitive market? : Ken Research

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In this enlightening whitepaper, we delve into the intricacies of the UAE's debt collection industry, which has witnessed a formidable surge in growth over the last five years. Amidst this backdrop of remarkable expansion, the industry now confronts a shifting terrain marked by emerging challenges and evolving bottlenecks. But with newer challenges and evolving bottlenecks, will the industry’s robustness decline? Check out the entire whitepaper to find out more.

1. The Debt Collection Industry in UAE experienced a high volume of cases due to ease of credit availability & the industry saw a ~11% Compound Annual Growth Rate (CAGR) between 2017-22

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2. The increasing use of technology for better recovery predictions, enhancement of people skills of collectors and improvement in KSA legal system act as catalysts for the industry…

2.1…While, talent shortage, increasing labor costs and high default rates are major concerns for the incumbent players in the market

2.2 Moreover, High capital requirements and switching costs for customers create barriers for new entrants within the industry

3. But, the Debt collection platforms integrated armed with latest tech is starting to transform the entire debt recovery process for clients

4. The pandemic-induced financial trends, a greater emphasis on NLP techniques, and maintaining proper documentation will act as key growth drivers that will enable a double-digit CAGR over the next 5 years

Some of the Intelligence Curated by Ken Research in Debt Collection Market Space:

MENA Remittance Market Outlook to 2027 segmented by mode of transfer (digital, traditional), type of channel (Banks, online platforms, money transfer operators), type of end use (migrant labour workforce, personal, small business & others) Geography (Latin America, Africa, Asia Pacific, Europe, Middle East)

Australia Cards and Payment Market Outlook to 2027F By Cards (Debit Cards, Credit Cards, Prepaid Cards), By Payment Terminals (POS and ATMs), By Payment Instruments (Credit Transfers, Direct Debit, Cheques, Cash and Payment Cards)

Brazil Cards and Payment Market Outlook to 2027F By Cards (Debit Cards, Credit Cards, Prepaid Cards), By Payment Terminals (POS and ATMs), By Payment Instruments (Credit Transfers, Direct Debit, Cheques, Cash and Payment Cards)

Global Remittance Market Outlook to 2027 segmented by mode of transfer (digital, traditional), type of channel (Banks, online platforms, money transfer operators), type of end use (migrant labour workforce, personal, small business & others) Geography (Latin America, Africa, Asia Pacific, Europe, Middle East)

India Payment Service Market Outlook to 2027F driven by government initiatives & rising need for faster payment modes

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UAE Debt Collection Market

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factmrblog · 2 years ago

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Kiosk Market: Growing Demand for Self-Service Applications to Drive Growth

The global kiosk market was valued at US$ 22.2 Billion in 2021, and is projected to register a Y-o-Y increase of 11.2% in 2022 to be valued at US$ 24.7 Billion.

During the 2022-2032 period of assessment, demand is expected to rise at a 9.8% value CAGR, likely to reach US$ 63.1 Billion by the end of the said forecast period.

Overall, the kiosk market landscape is poised to yield an absolute dollar opportunity worth US$ 38.5 Billion until 2032. Sales of vending kiosks will continue to flourish, with a documented CAGR of 10.7% from 2015-2021. North America will remain at the forefront, generating an opportunity worth US$ 17.2 Billion during the forecast period.

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Key Kiosk Market Players

KIOSK Information Systems Inc.

NCR Corp.

International Business Machines Corporation (IBM) Corp.

Slabbkiosks

Wincor Nixdorf Ag

Competitive Landscape

Prominent manufacturers of Kiosk market are eyeing technological innovations in order to provide the most accurate and precise system arrangements to their customers. As there is significant increase in AI implementation in the kiosk market, companies are forging collaborative agreements with government entities to enhance their presence across major geographies. In addition, the vendors are likely to leverage upgradation and product differentiation to gain an edge over other competitors in the market

In April 2021 Fujitsu Front Tech North America Inc. a retail technology provider announced the launch of its U-Scan Elite kiosk machine. This machine works on automated solution and provide cash and coins with enhance speed.

In April 2021, Sensi, a technology startup base in Ireland, introduced an artificial intelligence based kiosk machine. The machine rewards customer who recycle paper cup, aluminum cans, plastic bottles.

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Key Segments Covered in the Kiosk Market Study

· By Type :

o Vending Kiosks

o Self –Service Kiosks

o ATM (Automated Teller Machine) Kiosks

o Locker Kiosks

o Charging Kiosks

o Other (Web Payphone, Gaming) Kiosk Types

· By End-Use :

o Retailers

o Transport (Airport/Railway/Bus) Operator

o Banks

o Advertisers

o Petrol Stations

o Commercial Complexes (Education, Hospital, etc.)

o Government

· By Region :

o North America

o Europe

o Asia Pacific

o Middle East and Africa

o Latin America

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factmrsposts · 2 years ago

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Intelligent Transport System Market Conveying Valuable Data By 2032

The Intelligent Transport System Market survey report is a comprehensive analysis of arcade structure along with future insights on the various segments in the industry. Additionally, it contains thorough profiles of the principal importers and manufacturers who are impacting the industry. The report's analysis of a number of important elements will aid the reader in understanding the business. The study includes all of the market shares and strategies of significant market participants. The competitive landscape is analyzed in the global Intelligent Transport System Market based on the top manufacturers, trends, opportunities, marketing strategies analysis, market effect factor analysis, and consumer needs while taking into account the industry's past, present, and future conditions.

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This research also pays attention to the classification, engagement, applications, and market trends along with the major growth drivers. Moreover, this research focuses on emerging trends and recognizes challenges and opportunities in the Intelligent Transport System Market. The detailed evaluation of CAGR, Market size is done by our analysts intended to give a precise picture of the market. This report refers to 2022 as the base year and the forecast window for this research is from 2023 to 2032. Recent developments and the competitive landscape is covered in this report making it further too detailed and useful for maintaining a competitive edge over other.

Prominent Key players of the Intelligent Transport System Market survey report

Lanner Electronics Inc.

Thales Group

Transcore

Siemens AG

Savari Inc.

Garmin Ltd.

Efkon AG

Kapsch Trafficcom

Ricardo Plc

Tomtom International BV

Iteris Inc.

Q-Free ASA

Atkins Group

Denso Corporation

Global Intelligent Transport System Market by Category

By Product Offering, Global Intelligent Transport System Market is segmented as:

Hardware

Software

Services

By System, Global Intelligent Transport System Market is segmented as:

Advanced Traffic Management System (ATMS)

Advanced Traveler Information System (ATIS)

Advanced Transportation Pricing System (ATPS)

Advanced Public Transportation System (APTS)

Emergency Medical System (EMS)

By Application, Global Intelligent Transport System Market is segmented as:

Intelligent Traffic Control

Collision Avoidance

Parking Management

Ticketing Management

Automotive Telematics

Fleet Management and Asset Monitoring

Others

By Region, Global Intelligent Transport System Market is segmented as:

North America

Latin America

Europe

East Asia

South Asia & Oceania

MEA

The insights for each vendor consists of:

Company profile

SWOT analysis

Main market information

Market share

Revenue, pricing and gross margin

What insights does the Intelligent Transport System Market report provide to the readers?

Intelligent Transport System Market fragmentation on the basis of product type, end use, and region.

Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.

Collaborations, R&D projects, acquisitions, and product launches of each Intelligent Transport System Market player.

Various regulations imposed by the governments on the consumption of Intelligent Transport System Market in detail.

Impact of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global Intelligent Transport System Market.

The report covers following Intelligent Transport System Market insights and assessment that are helpful for all participants involved in the Intelligent Transport System Market:

Data on recently introduced regulations and their impact on key industries and on demand in Intelligent Transport System Market

Latest industry Analysis on Intelligent Transport System Market, with key analysis of market drivers, trends, and influencing factors

Key trends Analysis of Intelligent Transport System Market and changing consumer preferences in major industries.

Changing Intelligent Transport System Market demand and consumption of diverse products

Major trends underlining funding by key investors in numerous countries

New investment opportunities in diverse technology and product or service types

Comprehensive data and Competitive analysis of Intelligent Transport System Market major players

Intelligent Transport System Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery

Intelligent Transport System Market demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth

Questionnaire answered in the Intelligent Transport System Market report include:

How the market for Intelligent Transport System Market has grown?

What is the present and future outlook of the global Intelligent Transport System Market on the basis of region?

What are the challenges and opportunities for the Intelligent Transport System Market?

Why the consumption of Intelligent Transport System Market highest in region?

In which year segment is expected to overtake segment?

About Fact.MR

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abhigmi · 2 years ago

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Single Board Computer Market Predicted to Witness Steady Growth by 2028

The single board computer market is slated to showcase significant expansion through 2028 owing to widespread adoption of the product in various applications. In addition, notable technological advancements in the product are likely to further support market growth over the forecast period.

Single board computers (SBCs), unlike conventional motherboards, function as minicomputers that are equipped with all necessary functionalities, such as in-built memory and a processor, among others, which are fitted on a single circuit board. SBCs are lighter, smaller, and more cost-effective than larger alternatives available in the market.

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Notably, SBCs are more niche than motherboards and costlier on account of supplier's low production rate, however, they are easier to use as well as more adaptable and customizable to user needs based on the program. These factors have played a vital role in boosting product adoption in recent years.

Moreover, industry players have been focusing on product development and innovation, thereby propelling the growth of the single board computer market. For instance, in November 2021, Axiomtek, a computer manufacturing specialist, presented the KIWI310, an SBC with a Raspberry Pi form factor and an Intel processor. The KIWI310, which has similar dimensions as the Raspberry Pi 4 Model B, is equipped with the Intel Celeron N3350, a dual-core processor with a 6W TDP.

Similarly, in November 2021, Kontron, a major provider of IoT/Embedded Computing Technology (ECT), inked a strategic technology partnership agreement with Hailo, a leading AI chipmaker, to offer next-gen AI edge inference solutions. The KBox A-150-WKL-AI-H8 and the 2.5" SBC pITX-iMX8M-AI-H8 of Kontron, in combination with the Hailo-8 module, provide high-performance, power-effective, and compact AI solutions.

For extensive analysis, the single board computer market has been bifurcated based on processor, application, and region. In terms of application, the market has been further categorized into consumer electronics, industrial automation, agriculture, aerospace & defense, education, healthcare & medical, automotive & transportation, entertainment, and others.

In 2021, the automotive & transportation sub-segment held a market share of around 10% and is slated to grow at a robust pace over 2022-2028. Rising adoption of telematics and vehicle-to-vehicle communication systems in the transportation sector is set to fuel segmental growth through the assessment timeframe.

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On the regional spectrum, the Latin America single board computer market accounted for more than 5% of the overall industry revenue in 2021 and is projected to witness substantial growth over the forecast timeline. Growing number of initiatives taken by the government to promote the adoption of industrial automation across LATAM is anticipated to support regional market growth in the upcoming years.

Table of Contents (ToC) of the report:

Chapter 1 Methodology & Scope

1.1 Scope & definition

1.2 Methodology and forecast parameters

1.3 Region-wise COVID-19 impact analysis:

1.3.1 North America

1.3.2 Europe

1.3.3 Asia Pacific

1.3.4 Latin America

1.3.5 Middle East & Africa

1.4 Data Sources

1.4.1 Secondary

1.4.2 Primary

1.5 Industry Glossary

Chapter 2 Executive Summary

2.1 Single board computer market 3600 synopsis, 2017 - 2028

2.2 Business trends

2.2.1 Regional trends

2.2.2 Processor trends

2.2.3 Application trends

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/single-board-computer-sbc-market

Electronics and Semiconductors Research Reports

Reed Sensor Market

GPON Market

Crypto ATM Market

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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#Single Board Computer Market Analysis #Single Board Computer Market by Type #Single Board Computer Market Share #Single Board Computer Market Development

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paynxt360 · 2 years ago

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Cryptocurrency adoption is largely driven by remittance payments in Latin America

Over the last few years, the adoption of cryptocurrencies has surged significantly in the Latin American region. Even during the current downturn in the crypto market, the adoption of digital assets has surged. According to PayNXT360 estimates, the adoption has increased by 22% in Latin America in 2022 over the past year. Notably, remittance payments are one of the leading factors driving the adoption of cryptocurrency in the region.

Rising interest rates and inflation are having a severe impact on consumers across the world, and the Latin American region is no different. In fact, countries such as Argentina and Venezuela have witnessed the highest inflation rates around the world, 79%, and 114%, respectively. As consumers continue to struggle with high inflation rates, many have turned to cryptocurrencies to preserve value amid the plummeting local currencies.

In Latin America, remittance payments have been gaining strong momentum over the last few years. However, the proliferation of crypto-based remittances is still uneven across the region. For instance,

El Salvador, the Latin American country where the government announced Bitcoin as a legal tender, has seen Bitcoin remittances worth US$52 million between January 2022 to May 2022.

Meanwhile, Mexico has experienced billions in crypto-based remittance payments. As of June 2022, Bitso, one of the leading cryptocurrency exchanges in Mexico, facilitated US$1 billion in remittance payments from the United States, representing a growth of 400% year over year.

Notably, the United States-to-Mexico remittance corridor is one of the largest in the world. According to a report from the Mexican central bank, remittances to Mexico reached a record high of US$5.3 billion in the month of July 2022. This represented an increase of 16.5% as compared to the same period in 2021. The July 2022 figures are also higher than June 2022 and May 2022, when the remittances were recorded at US$5.144 billion and US$5.142 billion, respectively.

The central bank has attributed the record flow in remittances to the buoyant employment levels in the United States. As of July 2022, the remittances to Mexico have reached US$32.8 billion, according to central bank data. This represents a growth of 16.4% year over year. By the end of 2022, the central bank has projected remittances to reach US$60 billion.

To capitalize on this booming market, fintech firms in the Latin American region are expanding their presence in the remittances sector. For instance,

In September 2022, Uala, an Argentina-based leading fintech firm in the region, announced that it will allow clients in Mexico to receive money from other countries. This move from the firm is part of its strategy to capitalize on the US$60 billion remittances market in Mexico.

Notably, ABC Capital, the Mexican bank acquired by Uala in November 2021, will operate the remittance service. The remittances are limited to US$900 per month and the money can be used for purchasing goods and services through the Uala ABC card. Furthermore, people can also withdraw the money received through ATMs.

With the fear of inflation still looming strong and the value of local currencies depreciating at a rapid rate across major Latin American economies, PayNXT360 expects the adoption of cryptocurrencies to further surge over the next three to four years in the region. This will subsequently result in more crypto-based remittance payments from the short to medium-term perspective. Overall, the remittances market is projected to record strong growth across Latin American countries, especially Mexico, where inward remittances are projected to reach US$60 billion in 2022.

#remittance payments market research cross-border

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karanchadda · 2 years ago

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How Rappi works?

Rappi is an online food and grocery delivery platform that operates in Latin America. It has become a giant in its segment and commands the largest market share in it. Rappi was started in 2015 to cater to the needs of the people in Columbia but now it has spread to almost the whole of South America. Today Rappi operates in 250 cities and 9 countries. Thanks to Rappi’s Unique business model, it was valued at $4 billion during the last funding round closed in 2020 and currently, it is valued at almost $7 Billion.

Rappi’s business model is unique in a way that they promise to deliver food and grocery items 24/7 even to the remotest of places. Another unique service part of Rappi’s business model is delivering cash to the doorstep of people at timings that are unsafe to go out to ATMs. Rappi’s business model has three important nodes that have enabled it to become Latin American Superapp

Value to Customers

Value to Partner stores

Value to Couriers

To read this full blog, Check out this link -

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reddit-1 · 2 years ago

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Public Safety & Security Market Current and Future Trends, Leading Players, Industry Segments and Regional Forecast By 2026

With the term public safety & security we layman are bound to perceive it as deployment of police patrolling, posting guards at the city hall and courthouse. In colloquial term public safety & security refers to the welfare and protection of the general public.

It is usually conceived and believed to be a government responsibility.

Most states and countries have departments for public safety & security. The primary goal of such department is prevention and protection of the public from dangers affecting safety such as crimes, revolt, political turmoil, natural and man -made catastrophic.

In most of the cases public safety & security division comprises of individuals from other organizations including police, emergency medical services, fire force etc.

But gradually the term public safety & security has evolved, apart from the conventional security and safety measures the term has widened and now with help of science and technology public safety & security includes state of the art technology, IT systems and software etc.

With rise in safety thwarting issues, people are moving towards adopting safety and security measures and considering this trend it can be anticipated that market will exhibit a healthy CAGR over the forecast period. Public safety & security Market: Drivers and Restraints

If we observe the recent commotion across globe from Aleppo to U.S. campus shootings, it is evident that public safety & security is a grim issue which need to be taken up with utmost issues. Public safety & security issues are not only limited to land even cybercrimes are on rise with leaps and bounds.

Social media monitoring, installation of thermal sensor cameras, deployment of cameras on traffic signals and in critical zones for live monitoring, up-gradation of security systems in banks and ATMs, installation of digital RFID door lock system are few of those equipment and technology through which public safety & security has been improved.

And constant innovations and research activities are on rise which can contribute towards public safety & security.

According to a recent article by Homeland Security of U.S. it is about to spend approximately around US$ 81 Bn by 2021 in public safety & security.

Aforementioned factors have equal potential to individually drive the public safety & security market.

Public safety & security is a responsibility which one can’t shed off and over the time it has multiplied in every aspect.

This sole reason substantiate the reason that there is least of any restraint for the growth of public safety & security market unless human being stop existing on this planet. Public safety & security Market: Regional Outlook

Geographically, the Public safety & security market is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA).

North America is the market leader in terms of value in the public safety & security market management owing to the strong economy and capability and consciousness to improve public safety & security.

Followed by Western Europe and Eastern Europe which has similar trend alike North America. In APEJ region countries like India, China are too not lagging in public safety & security market.

Initiatives and plans are being introduced and executed for improving public safety & security.

In MEA region, public safety & security has been growing constantly due to rise in spending in improving city life and understanding importance of public safety & security.

Latin America is in nascent stage in public safety & security market. But government has been introducing plans and adopting measures for public safety & security.

Click for more info: https://www.futuremarketinsights.com/reports/public-safety-and-security-market

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digitrenndsamr · 3 years ago

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Intelligent Transportation System Market to Record an Exponential CAGR by 2030

According to the report, the global intelligent transportation system market is projected to surpass US$ 60 Bn by 2030, expanding at a CAGR of ~10% during the forecast period. The global intelligent transportation system market is estimated to expand at a CAGR of ~10% and surpass US$ 60 Bn by 2030 driven by the urgency to develop transport infrastructure in order to cope with increasing traffic congestion in urban areas across the globe.

Countries such as Japan, the U.S., the U.K., and Germany represent developed markets for ITS. Most ITS technologies are first developed, implemented, and tested in these countries. ITS helped these countries to improve efficiency of their existing transportation networks, reduce fuel consumption, and number of road accidents. ITS, with their benefits, have gained popularity in South Korea, Singapore, Australia, and several other countries across the world. India, China, Brazil, and Russia are emerging markets and increasingly investing in ITS solutions to support economic growth.

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Expansion of Intelligent Transportation System Market

The urbanization of developing countries and growing prosperity among people residing in urban areas are boosting the demand for private & public transportation. More than 55% of the population resides in urban areas, and the UN estimates the figure to rise to 68% by 2025. Road traffic and congestion is straining the transport system, which, in turn, is driving the need to adopt ITS. Developing regions such as Latin America and Asia Pacific have rapidly dealt with lack of proper city planning. As a result, the transportation system is witnessing high congestion and adding to traffic woes. It has, thus, become a need for developing countries to adopt ITS.

Based on system type, the Advanced Transportation Management System (ATMS) segment held a leading share of the intelligent transportation system market during 2018. ATMS has been widely adopted across transport corridors to detect traffic congestions, accidents. ATMS devices are fitted to roadside infrastructure units and other public transport vehicles to collect data, analyze, and effectively control traffic situations.

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In terms of application, the traffic management segment held a leading share of the global intelligent transportation system market, owing to the primary usage of ITS being to manage road congestion. Semi-autonomous vehicles are being already used, and various pilot projects are being undertaken for truck platooning and fully autonomous taxis. The automated vehicle segment accounted for a relatively minor share of the global intelligent transportation system market; however, it is gaining popularity worldwide.

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Major Players in Global Intelligent Transportation System Market

Prominent players operating in the global intelligent transportation system include Siemens AG, Hitachi Ltd, WS Atkins PLC, Nuance Communications Incorporation, EFKON AG, Garmin International Inc., Iteris Inc., Telenav, Inc., Thales Group, and Tom NV.

More Trending Reports by Transparency Market Research –

Smart Transportation Market: The rapid pace of urbanization has spurred the prospects of smart transportation for urban mobility. The need for improving safety of passengers is propelling investments in transportation infrastructure facilities. The focus of transportation system in emerging economies on supporting smart urban mobility has expanded the outlook of the smart transportation market. This will expand horizon in sustainable transportation.

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adityarana1687-blog · 3 years ago

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Interactive Kiosk Market Expected To Achieve Lucrative Growth By 2028

The global interactive kiosk market size is expected to reach USD 52.74 million by 2030, registering a CAGR of 7.1% over the forecast period, according to a new study conducted by Grand View Research, Inc. Increasing consumer involvement in the purchase process and an extensive focus on customized service delivery by industry players are the major factors driving the adoption of interactive kiosks. The geographical expansion and service enhancement using interactive kiosks enable companies to offer convenient, swift, and hassle-free service to customers with enhanced safety and security. The North American regional market dominated the global market in 2021.

The region’s growth can be attributed to incumbents of the retail and BFSI verticals, who continue to deploy interactive kiosks as part of their efforts to enhance the consumer experience. However, the Asia Pacific regional market is expected to register the fastest CAGR over the forecast period as the retail, hospitality, BFSI, and healthcare verticals continue to grow. Incumbents of these industries continue to emphasize customer engagement. Based on end uses, the market has been further segmented into BFSI, retail, food & beverage, healthcare, government, travel & tourism, and others. Manufacturers have developed multiple self-service kiosks solutions for segments, such as travel & tourism, and healthcare.

These interactive kiosks enable customers to carry out self-check-in/-out in hotels, carry out self-baggage check-in, book tickets, view product information, book appointments, and so on. Stringent regulatory and legal standards, such as the General Data Protection Regulation (EU GDPR), Americans with Disabilities Act (ADA), and UL standards, are the significant challenges impacting the broader adoption of interactive self-service kiosks. GDPR compliance focuses on protecting customers’ private data to enhance safety and prevent unauthorized access to private information. The ADA standards provide access specifications to any public access system for disabled individuals. However, the threat of cyber-attacks and high costs of installation, maintenance, &support may hinder the market growth.

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Interactive Kiosk Market Report Highlights

The market is technology-driven and rapidly evolving market due to continuous advancements in communication and payment technologies

This, in turn, has widened the scope of application in various industries, such as retail, banking, hospitality, entertainment, and government

The declining prices of hardware and improved transaction safety features have led to increased product adoption by various businesses

Mandatory government regulations regarding data privacy/protection and regulatory standards, such as ADA and UL, will have a major impact on the adoption of interactive kiosks as a service delivery tool

Asia Pacific regional market is expected to witness the fastest CAGR over the forecast period

Interactive Kiosk Market Segmentation

Grand View Research has segmented the global interactive kiosk market based on component, type, end-use, and region:

Interactive Kiosk Component Outlook (Revenue, USD Million, 2017 - 2030)

Hardware

Software

Service

Display

Printer

Others

Windows

Android

Linux

Others (iOS, Others)

Integration & Deployment

Managed Services

Interactive Kiosk Type Outlook (Revenue, USD Million, 2017 - 2030)

Automated Teller Machines (ATMs)

Retail Self-Checkout

Self-Service

Vending

Interactive Kiosk End-use Outlook (Revenue, USD Million, 2017 - 2030)

BFSI

Retail

Food & Beverage

Healthcare

Government

Travel & Tourism

Others

Interactive Kiosk Regional Outlook (Revenue, USD Million, 2017 - 2030)

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

U.S.

Canada

U.K.

France

Germany

China

Japan

India

Singapore

Thailand

Indonesia

Malaysia

Vietnam

Australia

Brazil

List of Key Players of Interactive Kiosk Market

NCR Corp.

Diebold Nixdorf AG

ZEBRA Technologies Corp.

Advanced Kiosks

Embross Group

GRGBanking

IER SAS

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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