US Virtual Teller Machine (VTM) Market Size study, by Offering (Hardware, Software, Service) by Deployment (On-site, Off-site, Others), by Provider (Bank and Financial Institutions, Managed Service Provider) Forecasts 2022-2032

Description

List of Tables

US Virtual Teller Machine (VTM) Market is valued approximately at USD 418.92 million in 2023 and is anticipated to grow with a healthy growth rate of more than 12.45% over the forecast period 2024-2032. A Virtual Teller Machine (VTM) is an advanced banking technology that combines the functionalities of a traditional ATM (Automated Teller Machine) with additional features typically associated with human tellers. VTMs enable customers to conduct various banking transactions remotely, such as cash withdrawals, deposits, check cashing, account inquiries, and more. VTMs are equipped with advanced technologies such as biometric authentication, facial recognition, and encryption to ensure the security and confidentiality of transactions. Additionally, VTMs may offer features such as document scanning, check printing, and bilingual support to cater to diverse customer needs.

Virtual Teller Machine in the US are increasingly incorporating advanced technologies such as artificial intelligence (AI), machine learning, and biometric authentication to enhance security and improve user experience. These technologies enable features such as personalized recommendations, facial recognition, and voice recognition, making VTMs more efficient and user-friendly. Furthermore, US Virtual Teller Machine (VTM) Market is driven by increased adoption because of rising investment in the development of digital banking infrastructure and rising Expansion of Self-Service Banking in United States. However, high cost and data privacy concerns, on the other hand, will stifle market growth between 2022 and 2032.

Major market player included in this report are:

NCR Corporation
GRGBanking North America
Auriga USA
Company 4
Company 5
Company 6
Company 7
Company 8
Company 9
Company 10

The detailed segments and sub-segment of the market are explained below:

By Offering

Hardware
Software
Service

By Deployment

On-site
Off-site
Others

By Provider:

Bank and Financial Institutions
Managed Service Provider

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and Country level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market

Chapter 1. US Virtual Teller Machine (VTM) Market Definition and Research Assumptions

1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
- 1.3.1. Inclusion & Exclusion
- 1.3.2. Limitations
- 1.3.3. Supply Side Analysis
  - 1.3.3.1. Availability
  - 1.3.3.2. Infrastructure
  - 1.3.3.3. Regulatory Environment
  - 1.3.3.4. Market Competition
  - 1.3.3.5. Economic Viability (Consumer's Perspective)
- 1.3.4. Demand Side Analysis
  - 1.3.4.1. Regulatory frameworks
  - 1.3.4.2. Technological Advancements
  - 1.3.4.3. Environmental Considerations
  - 1.3.4.4. Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates

Chapter 2. Executive Summary

2.1. US Virtual Teller Machine (VTM) Market Size & Forecast (2022- 2032)
2.2. Segmental Summary
- 2.2.1. By Offering
- 2.2.2. By Deployment
- 2.2.3. By Provider
- 2.2.4. Key Trends
2.3. Recession Impact
2.4. Analyst Recommendation & Conclusion

Chapter 3. US Virtual Teller Machine (VTM) Market Dynamics

3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities

Chapter 4. US Virtual Teller Machine (VTM) Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. US Virtual Teller Machine (VTM) Market Size & Forecasts by Offering 2022-2032

5.1. Hardware
5.2. Software
5.3. Service

Chapter 6. US Virtual Teller Machine (VTM) Market Size & Forecasts by Deployment 2022-2032

6.1. On-site
6.2. Off-site
6.3. Others

Chapter 7. US Virtual Teller Machine (VTM) Market Size & Forecasts by Provider 2022-2032

7.1. Bank and Financial Institutions
7.2. Managed Service Provider

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. NCR Corporation
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. GRGBanking North America
- 8.3.3. Auriga USA

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes

LIST OF TABLES

TABLE 1. US Virtual Teller Machine (VTM) market, report scope
TABLE 2. US Virtual Teller Machine (VTM) market estimates & forecasts by Offering 2022-2032 (USD Million)
TABLE 3. US Virtual Teller Machine (VTM) market estimates & forecasts by Deployment 2022-2032 (USD Million)
TABLE 4. US Virtual Teller Machine (VTM) market estimates & forecasts by Provider 2022-2032 (USD Million)
TABLE 5. US Virtual Teller Machine (VTM) market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 6. US Virtual Teller Machine (VTM) market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 7. US Virtual Teller Machine (VTM) market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 8. US Virtual Teller Machine (VTM) market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 9. US Virtual Teller Machine (VTM) market by segment, estimates & forecasts, 2022-2032 (USD Million)
TABLE 10. U.S. Virtual Teller Machine (VTM) market estimates & forecasts, 2022-2032 (USD Million)
TABLE 11. U.S. Virtual Teller Machine (VTM) market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 12. U.S. Virtual Teller Machine (VTM) market estimates & forecasts by segment 2022-2032 (USD Million)
TABLE 13. List of secondary sources, used in the study of US Virtual Teller Machine (VTM) Market.
TABLE 14. List of primary sources, used in the study of US Virtual Teller Machine (VTM) Market.
TABLE 15. Years considered for the study.
TABLE 16. Exchange rates considered

LIST OF FIGURES

FIG 1. US Virtual Teller Machine (VTM) market, research methodology
FIG 2. US Virtual Teller Machine (VTM) market, market estimation techniques
FIG 3. US market size estimates & forecast methods.
FIG 4. US Virtual Teller Machine (VTM) market, key trends 2023
FIG 5. US Virtual Teller Machine (VTM) market, growth prospects 2022-2032
FIG 6. US Virtual Teller Machine (VTM) market, porters 5 force model
FIG 7. US Virtual Teller Machine (VTM) market, pestel analysis
FIG 8. US Virtual Teller Machine (VTM) market, value chain analysis
FIG 9. US Virtual Teller Machine (VTM) market by segment, 2022 & 2032 (USD Million)
FIG 10. US Virtual Teller Machine (VTM) market by segment, 2022 & 2032 (USD Million)
FIG 11. US Virtual Teller Machine (VTM) market by segment, 2022 & 2032 (USD Million)
FIG 12. US Virtual Teller Machine (VTM) market by segment, 2022 & 2032 (USD Million)
FIG 13. US Virtual Teller Machine (VTM) market by segment, 2022 & 2032 (USD Million)
FIG 14. US Virtual Teller Machine (VTM) market, company market share analysis (2023)