Future Growth of Global ATM Market: Ken Research

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ATM is an automated banking outlet that enables consumers to entire simple transactions without a dealer or branch representative. Most ATMs are voluntarily available to individuals with credit cards or debit cards. An actual cash management system is demanded for the depositing and cash distribution from ATM. Cash recycling attends as an innovative cash management system delivering the benefits to banks such as fake identification, full and total accuracy, and developed customer service. The banks and credit unions have ATMs in some instances. Individuals and businesses can purchase or rent ATMs on their own or from an ATM franchise. If people or small entities, such as restaurants and gas stations, own ATMs, the profit model is aimed on fees for computer users.

According to the report analysis, ‘Global ATM Market Segment by User Interface (Keyboard and Touch Screens); By Solution Type (Deployment {On-Site and Off-Site} And Managed) and Region – Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030’ states that the increasing requirement for automated systems is projected to affect the installation base over the forecast duration in developing regions. In addition, there are also projected growth aspects such as developed safety standards, technological progress, and integrated wireless devices such as smartphones. The major cause was the deduction of fraud caused by integration and the provision of assorted financial transaction services.

Global ATM: Key Players

  • Diebold Nixdorf

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

  • Euronet Worldwide Incorporation
  • GRG Banking Equipment Co. Ltd.
  • NHAUSA
  • Source Technologies
  • Incorporated NCR Corporation
  • Fujitsu Ltd
  • Hess Cash Systems GmbH
  •  NCR Corporation
  • Triton Systems of Delaware LLC
  • Other prominent players

In addition, with the 24*7 standalone feature of banks’ admission to multi-station transactional services, requirement for ATM machines is increased. ATMs turn from basic cash distributors into more personalized and rich forms of communication due to technical advances in the banking and financial industries. The incorporation and value-added services have supported improve consumer loyalty.

Fast admittance to complex services, comprising bill transfer, money transfers between accounts, and check clearance on ATM devices supports financial institutions raises banks’ revenue. Therefore, during the coming years it a large turnover is projected in the use of automated teller machines.

While, previously there was a substantially low risk of fraud owing to ATMs were seen as harmless because of an online PIN to authenticate transactions. As innovation in the fintech industry is growing, fraudsters have come up with frauds that limit market growth, such as magnetic strips and pinhole cameras. Other issues faced by the virtual data space markets are unpredictable business semantics, data privacy, and data integration issues, existence of data silos.

Global ATM is further segmented by region into:

  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Global ATM report also contains analysis on:

ATM Segments:

  • By User Interface:
    • Keyboard
    • Touchscreen
  • By Solution Type:            
    • Deployment
    • On-Site
    • Off-Site
  • Managed
  • ATM Dynamics
  • ATM Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved in the Market
  • Value Chain of the Market
  • Market Drivers and Restraints

 The demand for interactive devices is growing. It is projected that more than one million ATMs are installed worldwide with over 800,000 around Asia Pacific. It is predicted that the industry needs will drive requirement in this area in large unbanked populations across regions like India and China and around developing countries like Indonesia and Vietnam.

In the Middle East and Africa region, huge growth is also projected due to the cash-based economy, coupled with robust market requirement and government support for electronic banking.

For More Information on the Research Report, refer to below links: –

Global ATM Market Growth Rate

Related Report:-

Indonesia ATM Managed Service Market Outlook to 2023 – By ATMs (On-Site ATM, Off-Site ATM, Mobile ATMs), by Service (Cash Management Services, ATM Repair & Maintenance, ATM Site Maintenance & Others- Journal Management & ATM Reconciliation), By ATM Machine (Cash Dispensers, Cash Recyclers) and By Cash Management Services (Cash Replenishment Service, Cash-in-Transit, Others – Cash Processing, Cash Vaulting & Cash Forecasting).

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Ken Research

Ankur Gupta, Head Marketing & Communications

Support@kenresearch.com

+91-9015378249

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