Portland, OR -- (SBWire) -- 09/13/2017 --Allied Market Research published a detailed report on the global ATM (Automated Teller Machine) market for the forecast period 2014–2020. ATMs have evolved completely in the last few years. From merely serving the purpose of dispensing cash to the 24*7 transactional services, the ATM market has witnessed huge technological advancements. The report presents a qualitative and quantitative analysis of the current and emerging trends in the global ATM market. Vital statistics, figures, tables, and charts have been included to add credibility to the information presented in the report.
According to the report, the global ATM market is anticipated to accrue $21.9 billion by 2020. The market is expected to grow at a compound annual growth rate of 7.7% during the forecast period 2015–2020. The factors influencing the dynamics of the market such as drivers, restraints, and opportunities are included in the report. The global ATM market is driven primarily by the solar ATMs and Smart ATMs in the emerging markets across the world and the increasing preferences for better security standards. With the rapid advancements in technology, integration of wireless communication systems such as smartphones has enabled consumers to make quick financial transactions without having to physically go to an ATM. However, the risks associated with this technology are high. The problems associated include card skimming and logical/data attacks which put the users' money at risk.
The largest opportunities for growth of the ATM market is in the rural areas. The presence of ATMs in the untapped markets of the rural and undeveloped regions will boost the growth of the global ATM market.
The report segments the global ATM market into solution, type, and geography. The solutions segment analyzes the deployment solutions and managed services. ATMs are deployed on-site, off-site, at the worksite, and mobiles. Managed services include network management, currency management, cash replenishment, and security management. ATMs are further classified as conventional ATM, Brown ATM, White label ATM, Smart ATM, and Cash Dispenser ATMs. White label ATMs are projected to drive the growth of the market.
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The report analyzes the presence of the market across the globe in the regions of North America, Europe, Asia-Pacific, and Latin America Middle East and Africa (LAMEA). In North America, independent ATM Deployer(IAD) accounted for nearly fifty percent of the total number of ATMs, whereas IADs accounted for only 12% of the overall ATMs in the regions of Western Europe, Asia-Pacific, and LAMEA.
The current competitive scenario of the global ATM market and the key winning strategies, adopted by the leading players in the market, included in the report enable the stakeholders and potential stakeholders to plan their market strategy in accordance with the information provided. The prominent players profiled include Diebold Inc., NCR Corporation, Wincor Nixdorf AG, Triton Systems of Delaware LLC, GRG Banking Equipment Co. Ltd., Hitachi-Omron Terminal Solutions Corporation, Nautilus Hyosung Corporation, Fujitsu Ltd., CX Company, and Anboto Group.
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Key benefits of the report
- The operational costs of ATMs have gone down with an introduction of white label ATMs in the developing countries, thus driving the growth of the market.
- Value Chain Analysis gives a detailed understanding of the roles of the various stakeholders involved in the growth and development of the market.
- Porter's Five Forces Analysis highlights the influence of buyers, suppliers, new entrants, substitutes, and the intensity of competitive rivalry on the global ATM market.
- LAMEA is anticipated to show the highest growth rate in the forecast period.
- Maximum returns and rewards are expected to be gained from the Asia-Pacific market during the forecast period 2015–2020.
Integration with Wireless Devices to Boost the Growth of the Global ATM Market