Pune, April 07, 2023 (GLOBE NEWSWIRE) -- A global Information Technology and Telecommunication research business-consulting firm, Maximize Market Research, has published a market intelligence report on the “Smart Finance Hardware Market”. The report is a combination of primary data and secondary data and domain expert has analyzed the Smart Finance Hardware Market from a local as well as a global point of view. Over the forecast period, Maximize Market Research expects, the market to grow from USD 15.17 Bn in 2022 to USD 21.56 Bn in 2029 at a CAGR of 5.15 percent.
Smart Finance Hardware Market Report Scope and Research Methodology
| Market Size in 2022 | USD 15.17 Bn. |
| Market Size in 2029 | USD 21.56 Bn. |
| CAGR | 5.15 percent (2023-2029) |
| Forecast Period | 2023-2029 |
| Base Year | 2022 |
| Number of Pages | 276 |
| No. of Tables | 116 |
| No. of Charts and Figures | 114 |
| Segment Covered | Type and End-User |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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The Smart Finance Hardware Market report provides an analysis of the market size through the bottom-up approach. The report includes growth hubs, investment feasibility, restraints and competitive analysis of the market in all geographic regions such as North America, Asia Pacific, Middle East and Africa, Europe and South America. The report presents a market analysis through segments such as type and end-user along with its multiple sub-segments. The report involves data regarding mergers and acquisitions and partnerships by major key companies. The Smart Finance Hardware Market data has been collected through primary and secondary research methods. Collected data later analysed by tools such as SWOT, PORTER’s five force model and PESTLE analysis which provides political, social, economic, environmental, technological and legal aspects of the market.
Smart Finance Hardware Market Overview
Smart Finance Hardware is a hybrid system that includes both hardware and software technologies. It performs operations through biometric authentication, contactless payment systems and near-field communication. These devices make payments conveniently and eliminate the need for cash or payment cards. Instead, consumers can make payments and other related operations through the smartphone.
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Smart Finance Hardware Market Dynamics
The growing adoption of smart ATMs with IoT technologies in banks and other financial institutions is expected to drive the Smart Finance Hardware Market. The trend of digitization of payments and security concerns are expected to propel the growth of the Smart Finance Hardware Market. The deployment of smart ATMs provides faster financial services to customers and reduces the workload of banks. The Smart Finance Hardware devices use IoT technologies such as IoT, Artificial Intelligence and Machine Learning driving the global market throughout the forecast period.
Smart Finance Hardware Market Regional Insights
North America held the largest share of the Smart Finance Hardware Market in 2022. The large penetration of banking areas in the region and major key players have been investing in research and developments to produce Smart Finance Hardware devices is expected to drive the North America Smart Finance Hardware Market.
Asia Pacific is expected to grow at a significant rate during the forecast period from 2023 to 2029 in Smart Finance Hardware Market. The governments of developing economies such as China and India are promoting the digitization of financial services and the development of smart cities is expected to drive the Asia Pacific Smart Finance Hardware Market.
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Smart Finance Hardware Market Segmentation
By Type:
- Modules
- Sensors
- Others
Based on type, the module segment is expected to dominate the Smart Finance Hardware Market. The growing adoption of smart ATMs by financial organizations for fast services is expected to drive the module segment in Smart Finance Hardware Industry.
By End User:
- Bank and Financial Institutions
- Independent ATM Deployer
Bank and financial organizations are the dominating sub-segments and independent ATM deployer is the second largest sub-segment in the Smart Finance Hardware Market.
Smart Finance Hardware Market Key Competitors include:
- Fujitsu
- Miles Technologies
- Digi International Inc.
- Diebold Nixdorf
- InHand Networks
- Microchip Technology Inc.
- Multi-Tech Systems, Inc.
- Intel Corp.
- OptConnect Management, LLC
- NCR Corp.
- IMS Evolve
- KT Corp.
- Fiserv
- Total System Services
- FIS
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Key questions answered in the Smart Finance Hardware Market are:
- What is Smart Finance Hardware Market?
- What was the Smart Finance Hardware Market size in 2021?
- What is the expected Smart Finance Hardware Market size during the forecast period?
- What are the global trends in the Smart Finance Hardware Market?
- What are the major restraints for the Smart Finance Hardware Market?
- Which segment dominated the Smart Finance Hardware Market growth?
- What is the demand pattern for the Smart Finance Hardware Market?
- What growth strategies are the players considering to increase their presence in Smart Finance Hardware Market?
- What are the upcoming industry applications and trends for the Smart Finance Hardware Market?
- Who are the leading companies and what are their portfolios in Smart Finance Hardware Market?
- Which region dominates the largest Smart Finance Hardware Market share?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, Organization Size, Application and Industry Vertical
- Market Segmentation – A detailed analysis by Type and End User
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Information Technology and Telecommunication research firm, has also published the following reports:
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Banking System Software Market - The market size is expected to reach USD 45.02 Bn by 2029 at a CAGR of 5.98 percent during the forecast period. The market is expected to be driven by the increasing implementation of online banking and mobile banking by customers which appearances a high level of inclination towards accessing their account details and performing financial actions via a digital platform.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
