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ATM Market Revenue, Trends, Growth & Forecast with Companies - Diebold Nixdorf, Euronet Worldwide, Fujitsu Global, NCR Corporation
ATM market
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Industry Growth drivers:
1. Growing demand for ATM automation in the U.S.
2. Technological innovation and replacement demand in Europe
3. High adoption of ATMs in the BRICS countries
4. Need for ATMs as a delivery channel in India
5. Growing adoption of ATMs in Latin America
6. Increasing government initiatives in the MEA region
Technology development and self-service functionality, particularly in developed markets such as Western Europe and the U.S., where the existing aging machines is fueling the replacement demand offering avenues for growth in the regions. Replacement demand of traditional machines by advanced systems such as biometrics, video conferencing and remote assistance by financial organizations will drive the revenue of the ATM market for the next seven years. Innovations such as video banking through the ATMs that brings several benefits for banks and their customers. For financial organizations, the technology offers an efficient way of growing banking services into remote or rural areas. Moreover, it enhances efficiency and generate revenue streams by moving transactions away from the counter and delivers flexibility and choice for customers.
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ATM market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and installed base in units from 2013 to 2024, for the following segments:
ATM Market, By Solution
• Deployment
• Onsite ATM
• Offsite ATM
• Worksite ATM
• Mobile ATM
• Managed Services
North America ATM market is characterized by the rapid advancements in the NFC and EMV card technologies. These technologies are helping save the costs associated with printing conventional receipts. Several banks in the region have invested in energy efficient ATMs and have taken important steps towards paperless transactions. In 2015, NCR launched a new ATM system in North America which is designed to enhance the customer experience and reduce costs associated with operating the network. The BFSI sector in the U.S. has undergone several technological changes over the past few years. The sector is under constant pressure owing to growing consumer demands, rise in security threats and changing regulatory requirements. A significant driver in the U.S. ATM market is branch automation and modernization.
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Key players in the ATM market include Diebold Nixdorf, Euronet Worldwide, Fujitsu Global, GRG Banking Equipment (HK) Co. Limited., Hess Cash Systems GmbH Co+Kg, PT. Hitachi Terminal Solutions Indonesia, Nautilus Hyosung America, NCR Corporation, Tidel, Triton Systems of Delaware, LLC. Hitachi-Omron Terminal Solutions Corporation and China Electronics Corporation (CEC) announced an association in October 2016. This joint venture will provide manufacturing, development, maintenance sales and solution services for ATMs in the Chinese market. In addition, Hitachi-Omron Terminal Solutions announced Finger Vein Authentication Solution for the ATMs their products have been adopted by CTBC Bank Co., Ltd. (CTBC Bank) of Taiwan.
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