The Latin America, Middle East and Africa ATM Software Market would witness market growth of 10.1% CAGR during the forecast period (2022-2028).
The software's interface is created with ease of use in mind. Compared to the current system, the software's security is improved. The system also enables the payment of other bills, including electricity and credit card bills. Compared to the current system, the operational speed is faster.
Easy access to cash, an increase in transactional advantages, quick withdrawals, and the viability of both online and offline shopping have fueled ATM usage around the world, which is positively impacting the expansion of the ATM market. Aside from this, the convenience that ATMs provide foreign visitors by enabling them to convert foreign currency into the necessary local currency is also significantly driving this market.
These days, onsite ATMs are installed in bank buildings, where customers can use both the ATM and the actual bank. As a result, the workload of bank employees is reduced, and customers can avoid standing in long lines for cash transfers, deposits, and withdrawals. ATMs help banks conduct efficient financial transactions by lowering the frequency of errors.
The ATMs are in high demand in the region which is primarily being driven by the expansion of the tourism industry. The number of tourists to the nations such as the UAE has increased as a result of the relaxation of COVID-19 protocols as well as border controls worldwide. As tourism grows, travelers from different nations will need more cash in hand, opening up new market opportunities. White label ATM deployment offers scalability benefits because non-banking entities handle the operational tasks, allowing bankers to concentrate on growing their network to meet the rising demand.
The Brazil market dominated the LAMEA ATM Software Market by Country in 2021; thereby, achieving a market value of $139.8 million by 2028. The Argentina market is exhibiting a CAGR of 10.7% during (2022 - 2028). Additionally, The UAE market would witness a CAGR of 9.8% during (2022 - 2028).
Based on End User, the market is segmented into Banks & Financial Institutions and Independent ATM Deployer. Based on Function, the market is segmented into Cash Dispenser, Bill Payment, Card Payment and Cash Deposit. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global ATM Software Market is Predict to reach $6.1 Billion by 2028, at a CAGR of 4.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fiserv, Inc., GRGBanking Equipment Co., Ltd., SBS Software Ges.mbH., Paragon Application Systems, Inc., Fidelity National Information Services, Inc., KAL ATM Software GmbH, Vortex Engineering Pvt. Ltd. and CR2
Scope of the Study
Market Segments Covered in the Report:
By Component
- Software (without Services)
- Services
By End User
- Banks & Financial Institutions
- Independent ATM Deployer
By Function
- Cash Dispenser
- Bill Payment
- Card Payment
- Cash Deposit
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Fiserv, Inc.
- GRGBanking Equipment Co., Ltd.
- SBS Software Ges.mbH.
- Paragon Application Systems, Inc.
- Fidelity National Information Services, Inc.
- KAL ATM Software GmbH
- Vortex Engineering Pvt. Ltd.
- CR2
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA ATM Software Market, by Component
1.4.2 LAMEA ATM Software Market, by End User
1.4.3 LAMEA ATM Software Market, by Function
1.4.4 LAMEA ATM Software Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies deployed in ATM Software Market
Chapter 4. LAMEA ATM Software Market by Component
4.1 LAMEA Software (without Services) Market by Country
4.2 LAMEA Services Market by Country
Chapter 5. LAMEA ATM Software Market by End-User
5.1 LAMEA Banks & Financial Institutions Market by Country
5.2 LAMEA Independent ATM Deployer Market by Country
Chapter 6. LAMEA ATM Software Market by Function
6.1 LAMEA Cash Dispenser Market by Country
6.2 LAMEA Bill Payment Market by Country
6.3 LAMEA Card Payment Market by Country
6.4 LAMEA Cash Deposit Market by Country
Chapter 7. LAMEA ATM Software Market by Country
7.1 Brazil ATM Software Market
7.1.1 Brazil ATM Software Market by Component
7.1.2 Brazil ATM Software Market by End-User
7.1.3 Brazil ATM Software Market by Function
7.2 Argentina ATM Software Market
7.2.1 Argentina ATM Software Market by Component
7.2.2 Argentina ATM Software Market by End-User
7.2.3 Argentina ATM Software Market by Function
7.3 UAE ATM Software Market
7.3.1 UAE ATM Software Market by Component
7.3.2 UAE ATM Software Market by End-User
7.3.3 UAE ATM Software Market by Function
7.4 Saudi Arabia ATM Software Market
7.4.1 Saudi Arabia ATM Software Market by Component
7.4.2 Saudi Arabia ATM Software Market by End-User
7.4.3 Saudi Arabia ATM Software Market by Function
7.5 South Africa ATM Software Market
7.5.1 South Africa ATM Software Market by Component
7.5.2 South Africa ATM Software Market by End-User
7.5.3 South Africa ATM Software Market by Function
7.6 Nigeria ATM Software Market
7.6.1 Nigeria ATM Software Market by Component
7.6.2 Nigeria ATM Software Market by End-User
7.6.3 Nigeria ATM Software Market by Function
7.7 Rest of LAMEA ATM Software Market
7.7.1 Rest of LAMEA ATM Software Market by Component
7.7.2 Rest of LAMEA ATM Software Market by End-User
7.7.3 Rest of LAMEA ATM Software Market by Function
Chapter 8. Company Profiles
8.1 Fiserv, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Recent strategies and developments:
8.1.4.1 Partnerships, Collaborations, and Agreements:
8.1.4.2 Product Launches and Product Expansions:
8.1.4.3 Acquisition and Mergers:
8.1.5 SWOT Analysis
8.2 GRGBanking Equipment Co., Ltd.
8.2.1 Company Overview
8.2.2 Recent strategies and developments:
8.2.2.1 Partnerships, Collaborations, and Agreements:
8.3 SBS Software Ges.m.b.H.
8.3.1 Company Overview
8.4 Paragon Application Solutions, Inc.
8.4.1 Company Overview
8.5 Fidelity National Information Services, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.6 KAL ATM Software GmbH
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Partnerships, Collaborations, and Agreements:
8.7 Vortex Engineering Pvt. Ltd.
8.7.1 Company Overview
8.8 CR2
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Partnerships, Collaborations, and Agreements:
TABLE 1 LAMEA ATM Software Market, 2018 - 2021, USD Million
TABLE 2 LAMEA ATM Software Market, 2022 - 2028, USD Million
TABLE 3 LAMEA ATM Software Market by Component, 2018 - 2021, USD Million
TABLE 4 LAMEA ATM Software Market by Component, 2022 - 2028, USD Million
TABLE 5 LAMEA Software (without Services) Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Software (without Services) Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Services Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Services Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA ATM Software Market by End-User, 2018 - 2021, USD Million
TABLE 10 LAMEA ATM Software Market by End-User, 2022 - 2028, USD Million
TABLE 11 LAMEA Banks & Financial Institutions Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Banks & Financial Institutions Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Independent ATM Deployer Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Independent ATM Deployer Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA ATM Software Market by Function, 2018 - 2021, USD Million
TABLE 16 LAMEA ATM Software Market by Function, 2022 - 2028, USD Million
TABLE 17 LAMEA Cash Dispenser Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Cash Dispenser Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Bill Payment Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Bill Payment Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Card Payment Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Card Payment Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Cash Deposit Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Cash Deposit Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA ATM Software Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA ATM Software Market by Country, 2022 - 2028, USD Million
TABLE 27 Brazil ATM Software Market, 2018 - 2021, USD Million
TABLE 28 Brazil ATM Software Market, 2022 - 2028, USD Million
TABLE 29 Brazil ATM Software Market by Component, 2018 - 2021, USD Million
TABLE 30 Brazil ATM Software Market by Component, 2022 - 2028, USD Million
TABLE 31 Brazil ATM Software Market by End-User, 2018 - 2021, USD Million
TABLE 32 Brazil ATM Software Market by End-User, 2022 - 2028, USD Million
TABLE 33 Brazil ATM Software Market by Function, 2018 - 2021, USD Million
TABLE 34 Brazil ATM Software Market by Function, 2022 - 2028, USD Million
TABLE 35 Argentina ATM Software Market, 2018 - 2021, USD Million
TABLE 36 Argentina ATM Software Market, 2022 - 2028, USD Million
TABLE 37 Argentina ATM Software Market by Component, 2018 - 2021, USD Million
TABLE 38 Argentina ATM Software Market by Component, 2022 - 2028, USD Million
TABLE 39 Argentina ATM Software Market by End-User, 2018 - 2021, USD Million
TABLE 40 Argentina ATM Software Market by End-User, 2022 - 2028, USD Million
TABLE 41 Argentina ATM Software Market by Function, 2018 - 2021, USD Million
TABLE 42 Argentina ATM Software Market by Function, 2022 - 2028, USD Million
TABLE 43 UAE ATM Software Market, 2018 - 2021, USD Million
TABLE 44 UAE ATM Software Market, 2022 - 2028, USD Million
TABLE 45 UAE ATM Software Market by Component, 2018 - 2021, USD Million
TABLE 46 UAE ATM Software Market by Component, 2022 - 2028, USD Million
TABLE 47 UAE ATM Software Market by End-User, 2018 - 2021, USD Million
TABLE 48 UAE ATM Software Market by End-User, 2022 - 2028, USD Million
TABLE 49 UAE ATM Software Market by Function, 2018 - 2021, USD Million
TABLE 50 UAE ATM Software Market by Function, 2022 - 2028, USD Million
TABLE 51 Saudi Arabia ATM Software Market, 2018 - 2021, USD Million
TABLE 52 Saudi Arabia ATM Software Market, 2022 - 2028, USD Million
TABLE 53 Saudi Arabia ATM Software Market by Component, 2018 - 2021, USD Million
TABLE 54 Saudi Arabia ATM Software Market by Component, 2022 - 2028, USD Million
TABLE 55 Saudi Arabia ATM Software Market by End-User, 2018 - 2021, USD Million
TABLE 56 Saudi Arabia ATM Software Market by End-User, 2022 - 2028, USD Million
TABLE 57 Saudi Arabia ATM Software Market by Function, 2018 - 2021, USD Million
TABLE 58 Saudi Arabia ATM Software Market by Function, 2022 - 2028, USD Million
TABLE 59 South Africa ATM Software Market, 2018 - 2021, USD Million
TABLE 60 South Africa ATM Software Market, 2022 - 2028, USD Million
TABLE 61 South Africa ATM Software Market by Component, 2018 - 2021, USD Million
TABLE 62 South Africa ATM Software Market by Component, 2022 - 2028, USD Million
TABLE 63 South Africa ATM Software Market by End-User, 2018 - 2021, USD Million
TABLE 64 South Africa ATM Software Market by End-User, 2022 - 2028, USD Million
TABLE 65 South Africa ATM Software Market by Function, 2018 - 2021, USD Million
TABLE 66 South Africa ATM Software Market by Function, 2022 - 2028, USD Million
TABLE 67 Nigeria ATM Software Market, 2018 - 2021, USD Million
TABLE 68 Nigeria ATM Software Market, 2022 - 2028, USD Million
TABLE 69 Nigeria ATM Software Market by Component, 2018 - 2021, USD Million
TABLE 70 Nigeria ATM Software Market by Component, 2022 - 2028, USD Million
TABLE 71 Nigeria ATM Software Market by End-User, 2018 - 2021, USD Million
TABLE 72 Nigeria ATM Software Market by End-User, 2022 - 2028, USD Million
TABLE 73 Nigeria ATM Software Market by Function, 2018 - 2021, USD Million
TABLE 74 Nigeria ATM Software Market by Function, 2022 - 2028, USD Million
TABLE 75 Rest of LAMEA ATM Software Market, 2018 - 2021, USD Million
TABLE 76 Rest of LAMEA ATM Software Market, 2022 - 2028, USD Million
TABLE 77 Rest of LAMEA ATM Software Market by Component, 2018 - 2021, USD Million
TABLE 78 Rest of LAMEA ATM Software Market by Component, 2022 - 2028, USD Million
TABLE 79 Rest of LAMEA ATM Software Market by End-User, 2018 - 2021, USD Million
TABLE 80 Rest of LAMEA ATM Software Market by End-User, 2022 - 2028, USD Million
TABLE 81 Rest of LAMEA ATM Software Market by Function, 2018 - 2021, USD Million
TABLE 82 Rest of LAMEA ATM Software Market by Function, 2022 - 2028, USD Million
TABLE 83 Key Information –Fiserv, Inc.
TABLE 84 Key Information – GRGBanking Equipment Co., Ltd.
TABLE 85 Key Information – SBS Software Ges.m.b.H.
TABLE 86 Key Information – Paragon Application Solutions, Inc.
TABLE 87 Key Information – Fidelity National Information Services, Inc.
TABLE 88 Key Information – KAL ATM Software GmbH
TABLE 89 Key Information – Vortex Engineering Pvt. Ltd.
TABLE 90 Key Information – CR2
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Fiserv, Inc.
FIG 3 SWOT Analysis: Fiserv, Inc.