Albany, NY -- (SBWIRE) -- 01/10/2014 -- Mobile banking, or m-banking, is considered a revolution in the Banking and Payments industry. The incremental increase in the penetration of mobile phones was instrumental to the growth of the Global Mobile Banking market in the last decade. Before the influx of smartphones, people used simple Java-enabled and WAP-based phones. Moreover, carrier charges were quite expensive ten years ago, thereby limiting their usage. However, growing competition in the Telecom industry, and the increasing usage of smartphones and value-added services have contributed to the growth of the Global M-banking market and, consequently, the Retail sector via m-commerce.
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The market size in terms of subscribers stands at 480 million as of 2012. Owing to the high penetration of mobile phones, the market is set to witness a robust growth rate of 22.47percent CAGR. The number of subscribers is expected to reach 1.08 billion by 2016.
This report lays special focus on the Global M-banking market with an aim to explore the current and future growth potential of mobile money in terms of mobile payments and remittances, mobile banking, and mobile commerce during the period 2012-2016. It discusses in detail about its ecosystem, value chain, key drivers, restraints and the opportunities available in this segment, and also about the deployment technologies and regulatory trends.
Global ATM Market 2012-2016
Global ATM market to grow at a CAGR of 6.36 percent over the period 2012-2016. One of the key factors contributing to this market growth is the growth in the APAC region and Africa in ATM installations. The Global ATM market has also been witnessing the increase in security measures for ATMs. However, the increase in online mobile cash transfers and other modes of cash transactions could pose a challenge to the growth of this market.
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Global ATM Market 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC region, Europe, North America, South America, and the MEA region; it also covers the Global ATM market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The key vendors dominating this market space are Diebold Inc., NCR Corp., Triton Systems of Delaware LLC, Wincor Nixdorf AG.
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Other vendors mentioned in the report are Nautilus Hyosung Inc., Tidel ATM Manufacturer Company, and WRG ATM Manufacturer Company.
Key questions answered in this report:
What will the market size be in 2016 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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