Albany, NY -- (SBWIRE) -- 02/07/2017 -- ATMs are computerized machines that allow customers to access their bank accounts with a magnetically encoded plastic card and a code number. This enables customers to perform various banking operations and functions without any help from an advisor. The ATM is used by customers to withdraw and deposit cash, pay bills, obtain bank statements, and effect cash transfers, among others. It is also known as the automated banking machine, or remote service unit.

The global ATM market to grow at a CAGR of 7.92% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global automated teller machine (ATM) market for 2016-2020. To calculate the market size, the report considers the revenue generated from the production, maintenance, service, and installation of ATMs

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

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Technavio's report, Global Automated Teller Machine Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Diebold
- Ituatec
- NCR
- Wincor Nixdorf

Other prominent vendors
- Perto
- Hitachi-Omron Terminal Solutions
- Fujitsu
- OKI

Market driver
- Need for efficient and cost-saving measures
- For a full, detailed list, view our report

Market challenge
- Rise in operating cost of retail ATM businesses
- For a full, detailed list, view our report

Market trend
- Deployment of ATM machines in off-site terminals
- For a full, detailed list, view our report

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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