Virtual Teller Machine (VTM) also known as interactive teller machine is a banking service-oriented device for customers, where they can perform transactions while interacting through video conferencing from other branch locations.
As banks and credit unions are focused to shut down many branches to save cost, these virtual tellers are considered cost-efficient to provide customers with face-to-face support. These machinery provide various services such as customer-on-boarding, bill processing, loan processing, cash withdrawal, remote video conference, and other banking operations.
This report contains market size and forecasts of Virtual Teller Machine (VTM) in Global, including the following market information:
Global Virtual Teller Machine (VTM) Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Virtual Teller Machine (VTM) market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Solutions Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Virtual Teller Machine (VTM) include AURIONPRO, Huawei Technologies Co., Ltd, Arman Design, KIOSK Information Systems, Phoenix Kiosk Inc, REDYREF, Kontron AG, Inspur and Slabb Inc.. etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Virtual Teller Machine (VTM) companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Virtual Teller Machine (VTM) Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Virtual Teller Machine (VTM) Market Segment Percentages, by Type, 2021 (%)
Solutions
Service
Global Virtual Teller Machine (VTM) Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Virtual Teller Machine (VTM) Market Segment Percentages, by Application, 2021 (%)
Banking
Financial Services
Public Utilities
Global Virtual Teller Machine (VTM) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Virtual Teller Machine (VTM) Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Virtual Teller Machine (VTM) revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Virtual Teller Machine (VTM) revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
AURIONPRO
Huawei Technologies Co., Ltd
Arman Design
KIOSK Information Systems
Phoenix Kiosk Inc
REDYREF
Kontron AG
Inspur
Slabb Inc.