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ATM Market share forecast to grow at 9.8% CAGR from 2016 to 2023

Request for TOC report @ http://bit.ly/2gxfRGv<br>ATM managed services market will grow faster than the global average over the next few years. Financial institutions can shift ancillary activities to trained service providers with the help of managed services and focus towards their core offerings. Outsourcing these services would favor low operational costs, and thus reduced investments and increased profitability for financial institutions.<br>

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ATM Market share forecast to grow at 9.8% CAGR from 2016 to 2023

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  1. ATM Market Share to exceed USD 26 billion by 2023: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024

  2. KeyInsights from ATM Market : • Increasing penetration in the economically stabilizing economies specifically in the BRIC nations is expected to present potential growth avenues over the forecast timeline. The requirement to cater to growing cash demand in these regions, banks and financing organizations is expected to increase investment. Small value businesses functioning on cash payments, managing low valued transactions through personal budgeting or cash will also catapult the ATM market size. • Technological standards are formulated by Scrutiny Standards Council (SSC), International Organization for Standardization (ISO), European payment council (EPC), American National Standards Institute (ANSI), and Payment Card Industry (PCI). Moreover, the current versions of PCI PIN Security Requirements and PCI PTS POI Security Requirements are the most accepted standards.

  3. Continued... • Technological standards are formulated by Scrutiny Standards Council (SSC), International Organization for Standardization (ISO), European payment council (EPC), American National Standards Institute (ANSI), and Payment Card Industry (PCI). Moreover, the current versions of PCI PIN Security Requirements and PCI PTS POI Security Requirements are the most accepted standards. • Card skimming, card trapping, online frauds, and inappropriate network connectivity are the major factors hindering the ATM market share growth. With growing technological advancements, financing organizations have managed to curb these potential threats from malpractices.

  4. Europe ATM Market size, by application, 2012-2023 (USD Billion)

  5. Browse Full Market Research Report On ATM Market @ https://goo.gl/PtLmFa Request for a Sample of this Research Report @ https://www.gminsights.com/request-sample/detail/409

  6. 360° Analysis • Application Trends • Increasing adoption of banking and financial services amongst consumers would increase the ATM market size over the forecast timeline. Transition of class banking to mass banking would attribute significant industry growth primarily in rural areas owing to growing user interest towards self-service channels. • Regional Trends • U.S. ATM market share is responsible for a dominant North American revenue base. Replacement of aging machines by financial institutions such as banks, fleet expansion and machine integration capabilities such as video conferencing, biometrics and remote assistance will drive the revenues for the next seven years. • Competitive Market Share • Smart ATM market will progressively gain popularity to minimize threats and frauds. Companies are investing considerably in new product development and R&D for existing automated teller machines and their expansion. Key players accounting for global ATM market share include NCR, Euronet, Fujitsu, Diebold, GRG Banking, and Hitachi. Strong emphasis is laid on reliability and quality owing to performance requirements.

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