According to the new research report published by The Insight Partners, titled “ATM Market – Global Analysis and Forecast to 2027”, the global ATM market is expected to reach US$ 44.18 Bn by 2027, registering a CAGR of 10.4% during the forecast period 2019-2027.
Increasing demand for security standards, secure transactions, automated wireless devices, and others are significantly driving the global ATM market. With the increasing ATM channels, ATM solution providers are playing a pivotal role in the financial institution’s reinvention strategy. With the new technologies, the financial institution is incorporating advanced technology features, which result in enhanced security transactions, an increase in ATM adoption, and provide enhanced customer experiences. Compliances and regulatory bodies are playing a key role in the ATM industry.
Leading Key Market Players Mentioned in the Report:- CMS Info Systems Limited, Diebold Nicdorf, Incorporated, Euronet Workdwide, Inc., Fujitsu Limited, GRG Banking Equipment Co. Ltd., Guangzhou KingTeller Technology Co., Ltd., HESS Cash Systems GmbH & Co, Hitachi-Omron Terminal Solutions, Corp., NCR Corporation, and Triton Systems among others.
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This Report Contains:
- Market sizing for the global ATM.
- Compare major ATM providers strategies and approaches to the challenges they face
- Analysis of the effects de globalization trends may have for ATM providers
- Profiles of major ATM providers
- 7-year CAGR forecasts for ATM -intensive vertical sectors
The report on the area of ATM by Insight Partners includes extensive primary research and detailed analysis of the qualitative and quantitative aspects of various industry experts, key opinion leaders, to better understand the performance of the ATM Market.
An ATM (Automated Teller Machine) simplifies the banking transaction processes for individuals removing the need for a teller or branch representative for guiding through banking processes. An ATM functions as an electronic banking outlet managing money and performing some of the major banking tasks such as cash withdrawal and deposit, and fund transfer to other accounts. The popularity of the ATMs in the developed, as well as developing countries of the world, has ensured consistent technological advancements and additional feature-based integrations on the machines. This has led to broadening horizons of services provided by various banks and private institutions through the installation of ATM. The 24/7 availability of the ATM, coupled with minimized hassles involved in the banking transactions with ATM, highlights the importance of these machines underlining their immense popularity worldwide.
The entire value chain of ATM market can be broken down into different components. The ecosystem for ATM market comprises of Hardware solution providers, software solution providers, ATM integrators, and the ATM deployers. The hardware solution providers provide with the computing and machine equipment pertaining to the ATM. These ATMs are deployed as kiosks at various locations including shopping malls, buildings, restaurants, standalone buildings, and railway stations etc.
The report presents the current market analysis scenario, future and future opportunities, revenue growth, prices and profitability. The proprietary data in this report is collected by The Insight Partner’s dedicated research and analysis team of experienced professionals with advanced statistical expertise and various customization options in the existing study.
Key Benefits of Buying this Research Study:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global ATM Market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the ATM Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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