ATM Monitoring Software Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

ATM monitoring software is a comprehensive solution for monitoring and managing ATMs. It enables independent ATM deployers and financial institutions to actively manage their multi-dealer ATM fleets by providing SLA monitoring tools and real-time monitoring dashboards, allowing them to achieve their business goals of increased availability, customer satisfaction, and operational efficiency. The ATM monitoring software proactively detects failures, manages risk, reduces IT expenses, enhances service quality, and provides transparency for the infrastructure monitoring. The ATM monitoring software uses data from the remote or switch agent to track the terminal's health in real time.

MARKET SCOPE

The "Global ATM Monitoring Software Market Analysis to 2031" is a specialized and in-depth study of the ATM monitoring software market with a special focus on the global market trend analysis. The report aims to provide an overview of ATM monitoring software market with detailed market segmentation by deployment type, enterprise size, component, function, and geography. The global ATM monitoring software market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading ATM monitoring software market players and offers key trends and opportunities in the ATM monitoring software market.

MARKET SEGMENTATION

•   The global ATM monitoring software market is segmented on the basis of deployment type, enterprise size, component, and function.
  
•   On the basis of deployment, the market is segmented as on-premise, and cloud.
  
•   On the basis of enterprise size the market is segmented into SMEs and large enterprise.
  
•   On the basis of component, the market is segmented as software, and services.
  
•   On the basis of function, the market is segmented as card payment, bill payment, cash/cheque deposit, passbook printers, and others
  

MARKET DYNAMICS

Drivers:

•   Increase in adoption of cloud-based software services.
  
•   The software monitors rule-based framework flags, suspect transactions through various dimensions such as BIN range, merchant type, transaction type, customer type, terminal id as well as transaction velocity and volume, with automatic alerts being activated when transactions do not match the pattern of the corresponding customer or critical threshold or terminal is breached.
  

Restraints:

•   The banking sector is witnessing a decline in investment in advanced software and system solutions.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The ATM monitoring software market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the ATM monitoring software market in these regions.

IMPACT OF COVID-19 ON ATM MONITORING SOFTWARE MARKET

The COVID-19 pandemic has negatively affected the global ATM monitoring software market. The prioritization of healthcare and goals of curbing the disease from spreading in countries has slashed the budgets of renewable energy schemes. Reliance on solar modules and panels imported from China has affected the industry at large. The effect of the pandemic on auction bids and installations can derail future renewable energy investments. Policy changes that usher in flexibility in current models of electricity systems and calculate for losses during cloud cover and wind gusts can push the industry towards new horizons.

MARKET PLAYERS

The report covers key developments in the ATM monitoring software market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from IOT in warehousemarket market are anticipated to lucrative growth opportunities in the future with the rising demand for ATM monitoring software market in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ATM monitoring software market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Huawei Technologies Co., Ltd.
  
•   Texas Instruments Incorporated
  
•   NXP Semiconductors
  
•   TE Connectivity Ltd
  
•   Hewlett Packard Enterprise Co.
  
•   Microchip Technology Inc
  
•   Dell Technologies
  
•   Aaeon Technology Inc.
  
•   Nexcom International Co., Ltd.
  
•   Helium Systems, Inc.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

ATM Monitoring Software Report Scope