The global ATM market is expected to reach
USD 24.92 billion by 2022, according to a new study by Grand View Research,
Inc. Rising demand for automated wireless communication devices along with
growing security standards are estimated to drive the industry.
Enhanced security standards for safer online, and
physical financial transactions has led to a significant rise in use of these
services. Further, continuation of strict security standards and safer modes of
financial transactions are expected to have a substantial impact on the
industry growth.
Automation of the basic financial transactions and
technological advancements increasing at alarming rate would increase mobile
transcations among the customers. Linkage of ATMs with wiireless devices would
facilitate the customers to complete the transcations securely.
Rising competition amongst the banks to increase the
penetration, would lead to its huge installation base, thus offering lucrative
growth opportunities for the industry. In order to reduce the frauds,
manufacturers and financial institutions are opting for anti-skimming,
biometric devices, and voice recognition systems.
Browse full research report on Global ATM Market: https://www.grandviewresearch.com/industry-analysis/atm-market
Further
key findings from the study suggest:
- ATM deployment solutions industry accounted for over 70% of the
overall revenue in 2014. They comprise installed machines at varied
locations such as worksite, onsite, offsite and mobile segment. The
deployment revenue comprises of installed machines and services as well as
its maintenance. Rise in installation base and increasing maintenance
activities are estimated to drive segment growth.
- ATM managed services market is estimated to exhibit considerable
growth, growing at a CAGR of over 11.0% from 2015 to 2022. It contributes
significantly towards strengthening the infrastructure for multichannel
delivery for better customer retention, acquisition and cross selling
opportunities.
- North America ATM market dominated in terms of revenue in 2014, and
is expected to significantly lose share by 2022. Adoption of smart
machines across countries such as U.S. is estimated to impel growth across
this region. Increasing trend of trading in digital currency is driving
demand for Bitcoin ATMs across the region.
- Asia Pacific ATM industry is expected to grow at a substantial
growth rate of over 12% from 2015 to 2022. Rising demand for self-service
machines and ever increasing customer base across regions such as China
and India are estimated to drive the regional demand over the next seven
years. Additionally, increasing trend of outsourcing its related
activities by financial institutions is projected to positively impact
growth across this region.
- ATM market share is occupied by companies such as NCR Corporation,
Diebold Inc, Wincor Nixdorf, Euronet Worldwide and Nautilus Hyosung.
Product innovations and strategic partnerships with the manufacturers are
some of the notable strategies adopted by the vendors. For instance, In
October 2014, Diebold launched a new 5500 series of with advanced security
features such as biometric finger-vein readers and security camera
provisioning.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/digital-media
Grand
View Research has segmented the ATM market on the basis of solution and region:
ATM
Solution Outlook (Revenue, USD Million, 2012 - 2022)
- Managed
Services
- Deployment
- Onsite
- Offsite
- Worksite
- Mobile
ATM
Regional Outlook (Revenue, USD Million, 2012 - 2022)
- North America
- Europe
- Asia Pacific
- RoW
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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