Automated Teller Machine (ATM) Market Forecast 2020 – 2027 Top Key Players Analysis


Posted November 19, 2020 by shaqibakram

Moreover, the major factors propelling the growth of the Automated Teller Market (ATM) market include technological advancements, improved security standards, and integration of wireless communication devices such as smartphones.

 
The market research offers historical and forecasts market data, demand, segmentation, price trends, and company shares of the leading players. The report splits the market size, by volume and value, on the basis of user interface, deployment type, ATM type, and geography. First, this report covers the present status and the future prospects of the market over the forecast period. And in this report, we analyze the global market from 4 geographies: Asia-Pacific, Europe, North America, and Rest of the World. At the same time, we have classified the Automated Teller Machine (ATM) market according to the user interface, deployment type, ATM type, and by regions.

For Additional Insights, Click to Access Complete Report: https://www.gmiresearch.com/report/global-automated-teller-machine-atm-market/

Competitive Landscape: The Automated Teller Machine (ATM) market report also scans the competitive landscape and profiles the major players operating in the market, including NCR corporation, Remote-Smart LLC Diebold Nixdorf, Wincor Nixdorf, GRG Banking Equipment company Limited, FUJITSU Ltd., Guangzhou King Teller Company Ltd., Hitachi Omron Terminal Solutions Corporation, Euronet Worldwide, Nautilus Hyosung America Inc., and Hantle Inc.

Automated Teller Machine (ATM) Market drivers:

The surging demand for automated systems, particularly in developing countries, is projected to increase the demand for the installation base in the upcoming years. Moreover, the major factors propelling the growth of the Automated Teller Market (ATM) market include technological advancements, improved security standards, and integration of wireless communication devices such as smartphones. One of the major factors driving the market growth include rising dependency of the users on ATMs for performing financial transactions, such as cash withdrawal and cash deposit according to their convenience by reducing any human intervention and need to visit the bank.

Online cash transfers and another mode of cash transactions are projected to hinder the growth of the market. Furthermore, growing usage of solar-powered machinery decreasing the overall cost is leading to reduced operational cost, thus fuelling the growth of the ATM market.

The launch of the smart and solar ATMs in developing economies such as India, China, and Japan are projected to improve growth opportunities. These technologies allow financial transactions over wireless network or devices at customer convenience. With the advancements in technology, customers are looking for reliable, faster, secure, and convenient means of accessing cash, which is a major factor propelling the growth of the global ATM market. Additionally, the market is witnessing strong demand for ATMs due to increase in cost of handling, managing, transportation of ATM machines, and security regarding expenses of ATM.

The study objectives of this report are:

To analyze the global region’s market potential and advantages, opportunity and challenge, restraints, and risks.
To identify significant trends and factors driving or inhibiting market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
Automated Teller Machine (ATM) Market Segmentation:

By User Interface:

Touch Screen
Key Pad
By Deployment Type:

Cash Dispenser
Cash Deposit
Cash Recycler
By ATM Type:

Onsite
Offsite
By Region:

North America
o United States of America

o Canada

Asia Pacific
o China

o Japan

o India

o Rest of APAC

Europe
o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

RoW
o Brazil

o South Africa

o Saudi Arabia

o UAE

o Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a full-service market research and business-consulting organization that offers global as well as medium and small businesses with bespoke industry and market analysis to help them in making the toughest business decision. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use not only the internal but also the external databases to cull out relevant information of the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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Last Updated November 19, 2020