San Francisco, 4 April 2019: The Report ATM Market Analysis By Solution (Managed Services, Deployment) And Segment
Forecasts To 2022
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.
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 at: https://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
ATM Regional Outlook (Revenue, USD Million, 2012 - 2022)
·
North America
·
Europe
·
Asia Pacific
·
RoW
Access Press Release of
ATM Market@ https://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.
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