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The Global ATM Software Market size is expected to reach $6.1 billion by 2028, rising at a market growth of 4.4% CAGR during the forecast period

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New York, Oct. 24, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global ATM Software Market Size, Share & Industry Trends Analysis Report By End User, By Function, By Regional Outlook and Forecast, 2022 – 2028” – https://www.reportlinker.com/p06352695/?utm_source=GNW
The ATM’s software is made to regulate channels and transactions on centralised databases. Concern over the ATM software stack has grown since the machines were converted to industry standards.

Banks and other financial institutions can manage their ATM networks using ATM software to improve functionality, boost competition, and cut costs. Targeted marketing, cash dispensing & recycling, and advanced banking services like transaction preferences are all aided by it. It makes it possible to significantly cut the cost of implementing, testing, certifying, and maintaining ATM hardware and software upgrades. Through the use of a single software platform, it also offers quicker maintenance and updates, as well as a consistent user interface.

One of the key factors fueling the expansion of the ATM software market is the growing awareness of the advantages of ATM software. The emergence of new technologies like touch screens, cashless transactions, and QR codes, as well as an increase in demand for self-service ATM software across a variety of financial sectors.

The rising demand for contemporary ATM software and hardware and the high adoption of the technology due to the increased use of advanced analytics for preventative maintenance in multivendor ATM support services is rising the need for ATM software.

COVID-19 Impact Analysis

The ATM software market suffered as a result of the COVID-19 pandemic. In 2020, the pandemic compelled governments of several nations to lock down international borders and temporarily close markets, businesses, and other public areas. The various regions that were in lockdown experienced a loss of revenue and business as a result of the closure of manufacturing facilities. A significant decline in demand and sales of ATM software and services resulted from the disruption of supply chains, which had an adverse effect on the sales, manufacturing, and delivery schedules.

Market Growth Factor

The Use of Artificial Intelligence (Ai) Becoming an Emerging Trend

Machine learning is being incorporated into ATM technology in addition to more conventional features like cash dispensing and payment processing to increase efficiency and security. The level of mechanics, machine operation, sensor working patterns, and other discrete information that show how well a system works, streamlines service operations, and predicts problems and machine behavior are also tracked back with the aid of ATM software. AI offers a completely new perspective as well as a wide range of new technologies to ATM system developers, enabling them to create ATM systems with the potential to solve some of the most difficult issues facing the sector.

Demand for Automated Teller Machines Is Growing

The demand for ATMs is increased by the independent feature of the 24-7 availability of transactional services offered by banks across numerous locations. With technological advancements in the banking and financial sectors, ATMs are evolving from straightforward cash dispensers into richer and more personalized communication channels. By implementing more integrated and value-added services, has aided in achieving customer loyalty. Therefore, enhanced use of automated teller machines is likely to generate sizable amounts of revenue in the coming years. Owing to this, the ATM software market would expand in the upcoming years.

Market Restraining Factor

Insufficient Security Standards

Previously, there was a much lower chance of fraud because online authorization combined with PIN integration made ATMs seem secure. With increased innovation in the fintech sector, con artists have developed new scams like magnetic stripe skimming and pinhole cameras, which restrain market expansion. However, financial institutions and ATM operators are concentrating on requirements for EMV migration at ATM in order to provide customers with convenience and security while handling financial transactions. As sensitive information appears on the screen, individuals may attempt to spy on users without the user’s knowledge. These security issues are the major concern of the people restraining the use of ATMs due to which the ATM software market would be hampered.

Component Outlook

Based on component, the ATM software market is segmented into software, and services. In 2021, the software (without services) segment dominated the ATM software market by generating maximum revenue share. This can be attributed to the rise in demand for self-service ATM software across all financial sectors as well as the growing demand for self-service ATM software among end users.

End User Outlook

On the basis of end-user, the ATM software market is fragmented into banks and financial institutions, and independent ATM deployer. In 2021, the independent ATM deployer segment covered a substantial revenue share in the ATM software market. This is explained by the rising demand for and usage of ATM software technology in the banking and financial industries. Customers can keep utilizing their old TDM voice equipment without having to buy new Voice over Internet Protocol compatible equipment due to an Integrated Access Device (or IAD).

Function Outlook

By function, the ATM software market is divided into bill payment, card payment, cash deposit and cash dispenser. In 2021, the cash dispenser segment led the ATM software market with the largest revenue share. Throughout the forecast period, the cash dispenser segment is anticipated to maintain its market leadership. This is understandable given that ATMs’ primary feature is their cash dispenser.

Regional Outlook

Region wise, the ATM software market is analyzed across the North America, Asia Pacific, Europe, and LAMEA. In 2021, the North America region witnessed the highest revenue share in the ATM software market. The main factors influencing the market growth in the region include the presence of major market vendors and the high adoption of advanced technologies. The region’s demand is further growing due to government support and initiatives as well as increased funding in the banking sector of nations such as Canada.

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

Strategies deployed in ATM Software Market

Aug-2022: Fiserv partnered with Rutgers University-Newark. This partnership aimed at creating and funding a new program designed to drive diversity and innovation within the financial technology field. This partnership would add a new dimension to the ability to bring together a diverse range of perspectives as Fiserv develops new answers to the challenges faced by its clients and the financial services industry.

Jul-2021: KAL came into a partnership with EVO Payments, a leading global payments technology, and services provider. This partnership brings together proven technologies that guarantee ATM deployers an unprecedented level of flexibility & efficiency when responding to local market demand.

Dec-2019: GRGBanking signed an agreement with FPT IS, a pioneer in digital transformation in the banking and financial sector. Under this agreement GRGBanking would provide FPT IS with the opportunity to develop solutions and many latest technology product lines, new interfaces for banks like VTM (Virtual Teller Machine) and STM (Smart Teller Machine) and also helps FPT IS have more potential to participate in digital transformations projects offered for banks.

Sep-2019: CR2 entered into a partnership with Network International, the leading enabler of digital commerce across Africa and the Middle East. This partnership would deliver mobile banking as a Managed Hosted Service, allowing banks to rapidly deploy & cost-effectively manage their mobile banking services.

Sep-2019: Fiserv Interactive Branch Kiosk, a souped-up ATM. It can perform cash & check transactions in addition to credit card applications, loans, and other advanced transactions that typically could only be done at the teller line. The machine further integrates with the company’s Verifast palm vein identification solution to provide the ease and security of biometric authentication.

Apr-2019: CR2 partnered ERA-InfoTech, a pioneer in the automation of financial inclusion and software development. This partnership focused on providing a range of sophisticated ATM banking software services to banks in the region.

Jan-2019: Fiserv announced a merger with First Data Corporation, a financial services company. This merger would offer comprehensive distribution channels and have expertise in partnering with merchants, financial institutions, billers of all sizes, and software developers.

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 Geography

• North America

o US

o Canada

o Mexico

o Rest of North America

• Europe

o Germany

o UK

o France

o Russia

o Spain

o Italy

o Rest of Europe

• Asia Pacific

o China

o Japan

o India

o South Korea

o Singapore

o Malaysia

o Rest of Asia Pacific

• LAMEA

o Brazil

o Argentina

o UAE

o Saudi Arabia

o South Africa

o Nigeria

o Rest of LAMEA

Companies Profiled

• 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

Unique Offerings

• Exhaustive coverage

• Highest number of market tables and figures

• Subscription based model available

• Guaranteed best price

• Assured post sales research support with 10% customization free
Read the full report: https://www.reportlinker.com/p06352695/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

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Artificial Intelligence

Innodisk Introduces iCAP Air: Advancing Air Quality Management through Autonomous Decision-Making

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TAIPEI, May 3, 2024 /PRNewswire/ — Innodisk, a global leader in AI solutions, has taken a pivotal step forward in environmental sustainability with the launch of its latest innovation, the “iCAP Air” air quality management solution. This solution empowers businesses worldwide to enhance air quality, sustainability, and human health. Additionally, business can benefit from monthly AI-generated air quality data report, providing valuable insights for informed decision-making.

Leveraging its expertise in edge computing and software and hardware integration, along with the expertise of its subsidiary Sysinno in air quality detection, Innodisk has achieved the development of the “iCAP Air” air quality management solution. This solution integrates advanced technology, including the innovative “iAeris7” air quality detector from Sysinno, to deliver accuracy in detecting temperature, humidity, fine suspended particles (PM2.5), suspended particles (PM10), carbon dioxide (CO2), formaldehyde and total volatile organic compounds (TVOC). It can also be customized to detect NO2, SO2, CO, NH3, and other air factors. At the same time, the iAeris7 device is known for its reliability, patented technology, and various international certifications, including those from SGS and FCC/CE/RoHS/NCC/BSMI.
The solution also includes the “iCAP Air Server,” designed to manage large-scale deployment and data from up to 100 air quality detectors, ensuring seamless integration and efficient operation, even in complex environments. Additionally, iCAP Air provides a user-friendly air quality management platform, enabling organizations to monitor air quality in real-time via a mobile app or internet browser, receive automatic alerts, and optimize air purification or exhaust ventilation system.
iCAP Air is a comprehensive solution that simplifies air quality management for users. It is tailored for medium to large-sized sites or densely populated, enclosed spaces such as medical institutions, smart manufacturing facilities, public transportation hubs, indoor parking facilities, and department stores. Innodisk’s “iCAP Air” air quality management solution represents a milestone for all businesses committed to leveraging technology for the greater good of air quality and society.
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Artificial Intelligence

Bitrue expands Bitcoin Runes Offerings with GPTV Listing and Staking Options

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VICTORIA, Seychelles, May 3, 2024 /PRNewswire/ — Leading digital asset exchange Bitrue continues its community-driven approach with the listing of a new Bitcoin Runes token, GPTV•AI•PEPE•KING (GPTV). This follows the recent addition of several other Bitcoin Runes tokens to the platform, including SATOSHI•NAKAMOTO (SATOSHI), LOBO•THE•WOLF•PUP (LOBO), RSIC•GENESIS•RUNE (RSIC), and DOG•GO•TO•THE•MOON (DOG). Trading for the GPTV/USDT pair commenced on April 30th, 2024.

What is GPTV?
GPTV is the native token of AI PEPE KING, a project claiming to be the “largest AI Meme Community” with a presence on both the Polygon (AIPEPE) and Bitcoin Runes (GPTV) blockchains. Notably, AI PEPE KING secured a $10 million investment to develop AI-powered customer service tools leveraging the ChatGPT technology. Additionally, they are building a “Dream Lottery” system. Revenue generated from these products is earmarked for buybacks and burns of both AIPEPE and GPTV tokens, potentially influencing their long-term value.
Staking Opportunities with Attractive Yields
Bitrue is also offering users staking opportunities for those holding BTR, AIPEPE, RSIC, or DOG tokens. By staking their holdings, users can earn rewards in GPTV, with estimated annual percentage yield (APY) varying on the staked token, with BTR offering 22.15%, AIPEPE at 23.18%, RSIC boasting a higher 31.37%, and DOG coming in at 23.62%. These yields present a potentially lucrative opportunity for users to grow their cryptocurrency holdings, but also come with financial risk and the potential for investment to return much lower yields.
Bitrue’s Focus on Community Engagement
The listing of these Bitcoin Runes tokens is a testament to Bitrue’s commitment to its user base. The decision to add these tokens stemmed from a community poll conducted through an X poll on Bitrue’s X account. This highlights the exchange’s dedication to incorporating community feedback into its decision-making process, fostering a sense of collaboration and shared interest.
With the addition of GPTV and the introduction of staking opportunities, Bitrue continues to expand its offerings for users interested in the burgeoning world of Bitcoin Runes tokens. The exchange’s focus on community engagement further strengthens its position as a platform that prioritizes user input and satisfaction.
About Bitrue
Launched in July 2018, Bitrue is a diversified digital asset exchange that supports trading, loans and investments. Bitrue aims to utilize blockchain technology to bring financial opportunities to everybody regardless of their location or financial position. With offices in Asia and Europe, the business continues to develop new features at a rapid speed to fully service the new wave of the digital economy. More information is available at Bitrue’s website.
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Artificial Intelligence

5G Enterprise Market Projected to Reach $115.81 billion by 2030 – Exclusive Report by 360iResearch

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PUNE, India, May 2, 2024 /PRNewswire/ — The report titled “5G Enterprise Market by Equipment (Distributed Antenna System, Radio Node, Service Node), Organization Size (Large Enterprises, SMEs), End User – Global Forecast 2024-2030” is now available on 360iResearch.com’s offering, presents an analysis indicating that the market projected to grow from a size of $17.30 billion in 2023 to reach $115.81 billion by 2030, at a CAGR of 31.20% over the forecast period.

 
“The Pivotal Role of 5G Technology in Enterprise Evolution”
The advent of 5G technology marks a transformative era for businesses worldwide, offering exceptional speed, reduced latency, and enhanced connectivity that promise to elevate operational efficiency and digital innovation across various sectors. From enabling precise real-time monitoring and predictive maintenance in manufacturing to advancing telemedicine and seamless data collaborations in healthcare, 5G stands as a cornerstone for future advancements. Its pivotal role is revolutionizing transportation by supporting autonomous vehicles and smart infrastructure, significantly elevating safety and efficiency. The surge in 5G enterprise adoption is fueled by the growing need for robust and swift network connections to accommodate an increasing array of Internet of Things (IoT) devices and applications. Challenges include the substantial upfront costs associated with 5G infrastructure and concerns over data security. The potential for 5G to spur innovation is immense, mainly through the development of 5G-as-a-Service (5GaaS) and its synergy with cutting-edge technologies such as edge computing and artificial intelligence. Regionally, North America is major in adoption, supported by significant telecom investments, while the European Union’s concerted efforts bolster 5G integration across industries. The Middle East’s ambitions to become a significant region globally in 5G through smart city and industrial automation investments distinguish it. In contrast, the APAC region’s rapid growth is supported by early adoption and extensive government support, particularly in South Korea, China, and Japan. Thus, 5G is set to redefine enterprise operations, driving innovation and enabling smart solutions globally, heralding a new chapter in digital transformation for industries worldwide.
Download Sample Report @ https://www.360iresearch.com/library/intelligence/5g-enterprise
“5G’s Role in Advancing Industry 4.0 and Digital Innovations”
In today’s fast-evolving digital age, the seamless integration of cutting-edge technologies such as artificial intelligence (AI), the Internet of Things (IoT), and blockchain into everyday business operations is becoming increasingly crucial. This integration is driving a significant surge in the need for uninterrupted, high-speed network coverage across various sectors. As technologies become more affordable and their performance enhanced, their adoption in both private and public sectors is witnessing a remarkable increase, paving the way for innovative payment solutions and digital currencies. This transformation reshapes diverse commercial landscapes, including entertainment, journalism, advertising, and retail. Consequently, the demand for 5G connectivity is escalating, recognized for its capability to deliver speeds of 15 to 20 Gbps, connect a vast array of devices, and facilitate the creation of virtual networks tailored to specific needs. Moreover, as Industry 4.0 propels manufacturing into the digital era with its emphasis on automation and digital technologies, the role of 5G in supporting these advancements becomes indispensable. By enabling faster connectivity for AI, data analytics, IoT, blockchain, and machine learning applications, 5G is at the forefront of improving operational efficiency and flexibility in the manufacturing sector, setting the stage for the exponential growth of the 5G enterprise market.
“The Integral Role of Radio Nodes, DAS, and Service Nodes in Enhancing 5G Networks”
In the rapidly evolving world of 5G networks, the harmonious functioning of radio nodes, distributed antenna systems (DAS), and service nodes plays a pivotal role in ensuring uninterrupted, high-speed connectivity across diverse environments. Radio nodes, vital for facilitating direct communication between devices, including smartphones and tablets, ensure the seamless execution of critical radio functions such as modulation and demodulation. They shine especially in areas where a robust, reliable connection is paramount, catering to the needs of densely populated zones. DAS is used in complexes such as stadiums and large buildings, working behind the scenes to boost wireless coverage through a network of strategically placed antenna nodes. This ensures that every corner is connected, enhancing user experience in challenging architectural layouts. Meanwhile, service nodes are the backbone of network management, orchestrating essential functions, including user authentication and mobility management, enabling smooth delivery of services throughout the 5G ecosystem. These components overcome physical and technological hurdles and lay down the infrastructure critical for delivering the next generation of wireless connectivity.
Request Analyst Support @ https://www.360iresearch.com/library/intelligence/5g-enterprise
“Telefonaktiebolaget LM Ericsson at the Forefront of 5G Enterprise Market with a Strong 16.19% Market Share”
The key players in the 5G Enterprise Market include Huawei Technologies Co., Ltd., Deutsche Telekom AG, Nokia Corporation, Telefonaktiebolaget LM Ericsson, AT&T Inc., and others. These prominent players focus on strategies such as expansions, acquisitions, joint ventures, and developing new products to strengthen their market positions.
“Introducing ThinkMi: Revolutionizing Market Intelligence with AI-Powered Insights for the 5G Enterprise Market”
We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the 5G Enterprise Market. ThinkMi stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, ThinkMi is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it’s a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive 5G Enterprise Market. Embrace the future of market analysis with ThinkMi, where informed decisions lead to remarkable growth.
Ask Question to ThinkMi @ https://app.360iresearch.com/library/intelligence/5g-enterprise
“Dive into the 5G Enterprise Market Landscape: Explore 181 Pages of Insights, 298 Tables, and 22 Figures”
PrefaceResearch MethodologyExecutive SummaryMarket OverviewMarket Insights5G Enterprise Market, by Equipment5G Enterprise Market, by Organization Size5G Enterprise Market, by End UserAmericas 5G Enterprise MarketAsia-Pacific 5G Enterprise MarketEurope, Middle East & Africa 5G Enterprise MarketCompetitive LandscapeCompetitive PortfolioInquire Before Buying @ https://www.360iresearch.com/library/intelligence/5g-enterprise
Related Reports:
5G Non-Terrestrial Network Market – Global Forecast 2024-20305G in Defense Market – Global Forecast 2024-20305G Satellite Communication Market – Global Forecast 2024-2030About 360iResearch
Founded in 2017, 360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset — our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
Contact 360iResearchMr. Ketan Rohom360iResearch Private Limited,Office No. 519, Nyati Empress,Opposite Phoenix Market City,Vimannagar, Pune, Maharashtra,India – 411014.Email: [email protected]: +1-530-264-8485India: +91-922-607-7550
To learn more, visit 360iresearch.com or follow us on LinkedIn, Twitter, and Facebook.
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