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.
For Full Research Report On ATM Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/atm-market
ATM Market Report
Highlights
- 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.
Request a Sample Copy of the Report @
https://www.grandviewresearch.com/industry-analysis/atm-market/request/rs1
ATM Market
Segmentation
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.
For more info visit @ https://www.grandviewresearch.com
No comments:
Post a Comment