China Automatic Teller Machine (ATM) Market Segments CRS, VTM, ATM, STM and 11 ATM Manufacturers Analysis Research Report
Get Discount on China Automatic Teller Machine (ATM) Market Report, 2019-2025 at https://www.reportsnreports.com/contacts/discount.aspx?name=2227846
In 2018, the statistical standards for bank self-service equipment ownership changed, with intelligent teller machines added, which helped explain the 12 percentage points higher in the ownership growth than in 2017. Noticeably, the self-service equipment ownership suffered a decline for the first time in 2018: in the fourth quarter, ATM ownership stood at 1,110,800 units, a reduction of 17,700 units from the third quarter of the year, from which it can be seen that banks need more intelligent machines in the wave of FinTech.
As online and mobile payments take ground, cash payment is being shocked. In 2016, China’s ATM ownership growth plummeted to 6.6% along with the first negative growth in cash withdrawal with bank cards, before a nose drive to a mere 3.9% in 2017. In 2018, ATM ownership went down for the first time. Banks urgently need to address the rising costs such as outlet rental and staff wages as well as the challenges posed by internet banking, and intelligent equipment & information system serve as a solution to lower cost and higher efficiency. By the end of 2018, there had been 228,600 banking outlets in China, first less than in the previous quarter; a record of 88.67% transactions on average had not been handled on bank counter. Against the backdrop, new types of self-service equipment, typically virtual teller machine (VTM) and smart teller machine (STM) open up a new market.
For More Details Inquire at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=2227846
In 2019, VTM and STM are becoming the mainstream ATM, both providing comprehensive services like public-to-private transfer, domestic and foreign transactions, domestic and foreign currencies and financial management. Versatile functions and high cost-performance ratio will ensure the leading role of VTM and STM in future self-service financial service market. Currently, major banks in China have begun to deploy such equipment, such as China Construction Bank having launched a total of virtually 50,000 VTMs/STMs as of 2018.
In China, bank self-service terminals will be more deployed outside banks to form a network and offer more functions to meet the needs of rural urbanization as they pack more emerging technologies. The way of expansion in the form of network outside banks will hold the trend and help to solve the problem of uneven distribution of machines between regions, between urban and rural areas or between different places in the same area. More self-service terminals will be needed accordingly.
Direct Purchase of this Research Report at https://www.reportsnreports.com/purchase.aspx?name=2227846
NCR, Diebod and WincorNixdorf are the top three players in the world, with a combined 80% share of the global market. Among dozens of ATM manufacturers in China, domestic brands include GRG Banking Equipment Co., Ltd., Shenzhen Yihua Computer Co., Ltd., Eastern Communications Co., Ltd. (Eastcom), Guangzhou KingTeller Technology Co., Ltd. and Cashway Technology Co., Ltd.; European and American brands include NCR, Diebod and WincorNixdorf; Japanese and Korean brands cover Hitachi, OKI and Hyosung.
GRG Banking Equipment Co., Ltd. started with production of ATMs, and had topped the list of ATM sales in China for ten consecutive years from 2008 to 2017, with a market share of nearly 30%. In 2018, the company registered RMB5,459 million in revenue, soaring 24.53% from a year earlier, which was credited to more earnings from its intelligent security and intelligent finance operations.
Guangzhou KingTeller Technology Co., Ltd. is engaged in sales and operation of ATM products. In 2018, its revenue and net income attributable to the shareholders of the listed company plunged by 32.77% and 798.93% to RMB383 million and negatively RMB96.22 million versus 2017, respectively. The worse performance resulted from less demand.
Browse Complete Research Report at https://www.reportsnreports.com/reports/2227846-china-automatic-teller-machine-atm-industry-report-2019-2025.html
The report highlights the following:
• ATM industry (definition, classification, industry chain, market characteristics, business model, industry policy, technology trend, etc.);
• Global ATM market (size, competitive pattern, structure, prospect, etc.);
• China ATM market (size, competitive pattern, import & export, structure, prospect, etc.);
• China ATM market segments (CRS, VTM, ATM, STM, etc.);
• Bank card market (quantity of cards issued, IC card development, etc.);
• 11 ATM manufacturers (NCR, Diebold, Wincor Nixdorf, Hitachi, OKI, GRG Banking, KingTeller, Eastcom, DCITS and Shenzhen Yihua Computer) (profile, operation, revenue structure, R&D costs, ATM business, development strategy, etc.).
ReportsnReports.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports.
+ 1 888 391 5441
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release China Automatic Teller Machine (ATM) Market Segments CRS, VTM, ATM, STM and 11 ATM Manufacturers Analysis Research Report here
News-ID: 1754693 • Views: 639
More Releases from ReportsnReports
All Vanadium Redox Flow Battery Market Insights by Industry Demand, New Opportun …
The All Vanadium Redox Flow Battery Market report explores and analysis the essential factors, production, market share, price, revenue, cost, sales volume, growth rate etc. The objectives of this study are to define, segment, and project the size of the All Vanadium Redox Flow Battery Market based on company, product type, applications and key regions. Download Free PDF Sample Brochure of report All Vanadium Redox Flow Battery Market spread across 98
Natural Coconut Oil Market Analysis 2021-2027 Global Industry Demand, Growth Rat …
The Natural Coconut Oil Market report explores and analysis the essential factors, production, market share, price, revenue, cost, sales volume, growth rate etc. The objectives of this study are to define, segment, and project the size of the Natural Coconut Oil Market based on company, product type, applications and key regions. Download Free PDF Sample Brochure of report Natural Coconut Oil Market spread across 118 pages and supported with tables and
RF Connectors Market Analysis 2021 Global Insights, Industry Demand, Size, Type, …
The RF Connectors Market report explores and analysis the essential factors, production, market share, price, revenue, cost, sales volume, growth rate etc. The objectives of this study are to define, segment, and project the size of the RF Connectors Market based on company, product type, applications and key regions. Download Free PDF Sample Brochure of report RF Connectors Market spread across 98 pages and supported with tables and figures is now
Fluid Management Systems Market Expected Reach 16.1 billion US$ by till 2025, Gr …
The Fluid Management Systems Market report explores and analysis the essential factors, production, market share, price, revenue, cost, sales volume, growth rate etc. The objectives of this study are to define, segment, and project the size of the Fluid Management Systems Market based on company, product type, applications and key regions. Download Free PDF Sample Brochure of report Fluid Management Systems Market spread across 283 pages and supported with tables and
More Releases for ATM
ATM Market 2019 Analysis & Forecasts to 2027
The ATM Market supports various industries, product manufacturers, organizations, vendors, and suppliers by opening doors for them with many opportunities to expand their business at the global and regional level. Some of the major market holders at the global and regional level are competing with one another and developing organizations in terms of sales, supply, manufacturing quality products, revenue generation, and providing satisfactory after-sales services to the clients. The report also
MaxCash Provides Mobile ATM Solution for Events
SPRINGFIELD, MO – JUNE 2, 2019 – Non-bank ATM provider MaxCash satisfies the demand for easy access to cash at trade shows, festivals and other events. The independent ATM provider operates in Missouri, Arkansas, Kansas and Oklahoma. Its full-service program provides a costless solution for event hosts in need of mobile ATMs. When attendees withdraw money from an ATM at an event, they usually spend that money at the event. It satisfies
Next-Gen ATM Market Report 2018: Segmentation by Solution (Deployment and Manage …
Global Next-Gen ATM market research report provides company profile for DIEBOLD INC., Euronet, Fujitsu, GRG Banking, HESS Terminal Solutions GmbH & Co., Hitachi Payment Services Pvt. Ltd., Nautilus Hyosung, NCR Corporation, Triton Systems of Delaware LLC, Wincor Nixdorf AG. and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of
The ATM Industry Association estimates that there are more than 3 million ATM machines spread across the world. ATM machines have enabled customers to withdraw cash and conduct financial transactions instantaneously without the need of human interaction in the form of a bank teller, cashier or clerk. Persistence Market Research felt the time was ripe to study the ATM market in a new report titled ‘Automated Teller Machine (ATM) Market:
Global ATM Machine Market Research Report 2017
“Global ATM Machine” is a comprehensive market study, which has been created with a sole goal to armor existing and new players to gain advantage over their competitors. For the development of the report, proven research methodology and reliable analytical tools are applied to gain accurate understanding and insightful foresight into its potential development. The report presents figurative scenario of the market in current situation as well as forecasts the
ATM Market Rugged Expansion Foreseen by 2021
ATM is the abbreviation used for “Automatic Teller Machine”, which is a product of technological advancement developed to enhance the financial services such as cash withdrawals, funds transfer, cash deposit, transactions as payment of bills by credit card or debit card, mini statements and other financial enquiries. ATM does all these processes by an accessing personal identification number (PIN) & a plastic card having a magnetic strip over it containing