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 ATM Market: http://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: http://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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