Diebold Nixdorf, Euronet Worldwide, Fujitsu Global, NCR Corporation, GRG Banking Equipment Major Players Operating in the ATM Market

Overview: -

Rising deployment of ATMs at several locations across the regions and the accessibility of mobile ATMs has facilitated 24*7 availability of banking services to the customers driving the overall ATM market growth. The mobile ATMs are anticipated to grow as cash demand grows in remote and rural areas. These machines are secure, convenient and provide instant cash and are introduced in order to reduce the traffic at high-volume locations such as trade fair, social gathering, sports events. Moreover, it enhances branding & promotions and offer flexibility for the financial institutions. In India, after demonetization the mobile ATMs were rolled out in increased numbers by several banks to provide cash in remote areas, thereby fueling deployment in the country.

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Key Market Competitors:
Diebold Nixdorf, Euronet Worldwide, Fujitsu Global, NCR Corporation, GRG Banking Equipment

Regional Overview of ATM Market: -

With the rising digitization initiatives and financial inclusion schemes commenced by various governments across the Asia Pacific region, coupled with the massive customer base and increasing demand for self-serving multifunctional machines in countries such as India, China, Indonesia and Vietnam, the ATM market has tremendous potential to garner sizeable revenue in the forthcoming years.

India ATM market is anticipated to lead the Asia Pacific growth story as the government measures such as Pradhan Mantri Jan Dhan Yojana and Demonetization have necessitated large-scale ATM deployment in the nation, especially in the remote areas. Meanwhile, it would be prudent to note that the banks in India are likely to replace the existing machines with multifunction ATMs having high-end features such as biometrics recognition and never exhausting its cash dispensing ability. To execute this humongous task, NCR Corporation, world’s foremost omnichannel solutions provider, has recently set up the largest R&D center in India. The company would be focusing on developing top-notch ATM software by targeting innovations in emerging technologies such as data analytics, cloud, virtual reality, and augmented reality, with the R&D facility housing an ATM lab consisting of almost 700 ATMs. Undoubtedly, the Asia Pacific region would dominate the ATM industry progression landscape owing to the aforementioned factors. In addition, the growing tendency of outsourcing ATM managed services by western financial institutions is forecast to favorably influence the ATM market growth across the region.

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Market Segmentation: -

Offsite ATMs accounted for the majority share in the ATM market in 2016 and is anticipated to grow at a CAGR of over 8% as they are conveniently located in shopping malls, multiplexes, entertainment centers and make cash withdrawal easy and convenient. Ability of the offsite machines to reach more customers at a wide geographical base will drive the ATM market demand. It reduces probability causing errors allowing banks to have smooth financial transactions.

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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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https://www.gminsights.com/industry-analysis/crypto-atm-market

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