ATM Market Market to 2025: Investment Analysis, Market Overview and Industry Insights
According to a new report published by Reports Monitor titled, “Global ATM Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the global ATM market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Automated Teller Machine (ATM) is electronic banking outlet that allows customers to dispense cash or perform other banking services. ATM’s are a safe and convenient way to manage real-time transactions. It helps the customers to access various financial transactions, in order to perform any financial transaction or access to any banking services over ATM, customers should hold any of the credit or debit card. A transaction is authenticated by the ATM’s by entering a personal identification number (PIN) which must match the PIN stored on the chip on the ATM card.
The most important driving factor for the ATM market is the self-operating banking or financial services by its customers. ATM is a multi-utility service provider with real-time transactions being offered to the customers is driving the market. The increasing transactional benefits like easy flow of cash, quick withdrawals and others is reflecting positively in the growth of the market. Helping the customers to avoid the long queues for banking function and allowing the foreign travellers to convert foreign money into the required local currency also acts as a driver for the growth of the global ATM market. However, limitation of cash withdrawals, misusing the ATM card if misplaced or lost or stolen is major concern while using an ATM card acts as an restraints in the growth of the global ATM market. In addition, by advancing the technological support services and strengthening the distribution channel can be expected to be an opportunity in the global ATM market.
This report provides a detailed analysis of ATM market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and swot analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources with bottom-up and top-down approaches.
Based on the geographical regions covered, the global ATM is analysed across North America, Europe, Asia-Pacific and Latin America, Middle East and Africa (LAMEA). Asia-Pacific market is expected to rise in coming years as the improvement of rural banking networks is also rising.
The key players of global ATM market includes Hitachi-Omron Terminal Solutions, KYOCERA Corporation, Mitsubishi Electric Corporation, Sharp Electronics Corporation, Fujitsu Frontech, NCR Corporation, GRG Banking and Nautilus Hyosung Corp.
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