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Automatic Teller Machines (ATM) Market of 2018 –Detailed Analysis, Growth, Latest Trends

ATM Market (Automatic Teller Machines Market) is expected to garner $21.9 billion by 2020, registering a CAGR of 7.7% during the forecast period 2015-2020. Automatic Teller Machines (ATMs), introduced in developed countries during the late 70s, were cash dispensers, helping customers conduct a wide array of financial transactions. A decade ago, ATM machines were mere cash dispensers through which customers could only withdraw cash and receive details of their bank accounts.

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Automatic Teller Machines (ATM) Market of 2018 –Detailed Analysis, Growth, Latest Trends

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  1. ATM Market is Expected to Reach $21.9 Billion Globally, by 2020 Opportunity Analysis and Industry Forecast, 2016-2023 Global Opportunity Analysis and Industry Forecast, 2016-2023 Pages: 160 Tables: 42 Charts: 59

  2. ATM MARKET ATM Market (Automatic Teller Machines Market) Report, published by Allied Market Research, forecasts that the global market is expected to garner $21.9 billion by 2020, registering a CAGR of 7.7% during the forecast period 2015- 2020. Integration of wireless communicating devices (smart phones) with ATM machines has reduced ATM frauds arising due to card skimming. This factor has significantly fostered the adoption of smart ATMs, which has consequently fuelled the growth of the world ATM market. According to the Federal Reserve System, the ATM market in developed countries, such as the U.S., the U.K., Canada, and France has attained maturity, while the Reserve Bank of India forecasts a rapid growth of the ATM markets in the emerging countries. Access full summary at:https://www.alliedmarketresearch.com/world-atm-market Increase in use of solar-powered ATM machines for reducing the operational cost of ATMs has boosted the growth of the market. Similarly, Brown label ATMs allow banks to focus on their core business, as the hardware and its lease is owned by third party vendors, whereas the cash management & network connectivity are managed by the bank, eventually reducing the operational cost of ATMs.

  3. ATM MARKET Key Benefits This report highlights the current scenario of the world ATM market along with its scope and identifies the ongoing trend of wireless communicating devices to forage the prominent investment pockets in the market • Market analysis unveils the dominant aspects, viz. upsurge in the demand for automated systems and development of security standards for ATM usage • Current trends in the global market have been outlined to determine the overall attractiveness and single out potential investment segments to gain a stronger foothold in the market • Comprehensive analysis of the market segments assists in understanding the market scenario. These segments highlight conditions favorable for growth of the world ATM market • Porters Five Forces model helps in analyzing the potential of buyers and suppliers with a competitive sketch of the market, which helps market players in better decision-making • The value chain analysis of the industry provides a clear view of the key intermediaries involved and elaborate their roles and value addition at every stage in the chain •

  4. ATM MARKET The introduction of white label ATMs in the developing countries would boost the ATM market in future. For instance, an independent ATM deployer (IAD), Tata Communications Payment Solutions Limited, has launched a white label ATM "Indicash" to provide better banking services to customers. In North America, IADs account for more than 50% of overall ATMs. This percentage is quite low in Western Europe, Asia Pacific and LAMEA, where IADs account for about 12% of the overall ATMs. Request for Sample Report (PDF) @: https://www.alliedmarketresearch.com/request-sample/230 Large-scale installation of ATMs around the globe has increased the need for managed services. Therefore, several market players, such as NCR Corporation, Wincor Nixdorf, Fujitsu, and Diebold Incorporation, focus on capitalizing on the prevailing market opportunities by offering managed services for ATMs. ATM manufacturers and managed service providers are inclined towards white label ATMs and smart ATMs to provide secured ATM transactions and improve the efficiency of ATMs to facilitate faster transactions. In 2014, Fujitsu introduced a smart ATM in the European market, which facilitates operational efficiency. In August 2014, NCR Corporation, one of the leading global ATM manufacturers, partnered with ING-DiBa to provide enhanced security for performing financial transactions.

  5. ATM MARKET Key Players Diebold, Inc. • NCR Corporation • Wincor Nixdorf AG • Triton Systems of Delaware, LLC • GRG Banking Equipment Co. Ltd. • Hitachi-Omron Terminal Solutions, Corporation • HESS Cash Systems GmbH & Co KG • Nautilus Hyosung Corporation • Fujitsu Ltd. • Euronet Worldwide, Inc. •

  6. ATM MARKET The standalone feature of 24*7 availability of transactional services provided by the banks, across multiple locations (offsite ATM machines), defined the very landscape of ATM market. Smart ATMs have played a considerable role in generating revenue for the ATM market in developing countries. Recent technological advancements, enabling financial transactions to be conducted over wireless devices, have boosted the growth of the world ATM market. In hindsight, these technological advancements have also led to the emergence of major fraudulent acts and security threats. Severe risks, associated with ATM machines such as thefts, online frauds, connectivity, and operational issues, would limit the growth of the ATM market. For Purchase Report Enquiry @: https://www.alliedmarketresearch.com/purchase-enquiry/230 The world ATM market is exhibiting a progressive growth in developing countries. Solar ATMs, Smart ATMs among others, in emerging markets, are driving the growth of the ATM market. Additionally, numerous market players are collaborating with other companies to provide better services to customers while expanding their geographical horizons. Diebold for instance, launched the world’s first Smart ATM machine in Asia-Pacific region in 2013. Fujitsu, launched a Smart ATM for European retail banking, in 2014. Singapore is one of the first Asian countries to introduce Smart Gold ATMs which would dispense gold bars, coins, and ingots. Technological advancements are increasing across developed countries in order to meet consumer demands.

  7. ATM MARKET Thank You! For More Details Visit us at https://www.alliedmarketresearch.com Follow Us On

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