San
Francisco, 25 October 2018 - 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.
Full
Research Report On Global ATM Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/atm-market
www.grandviewresearch.com/industry-analysis/atm-market
Further
key findings from the report 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:
www.grandviewresearch.com/industry/digital-media
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
Access Press
Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-atm-market
www.grandviewresearch.com/press-release/global-atm-market
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
Information: www.grandviewresearch.com
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