openPR Logo
Press release

China Automatic Teller Machine (ATM) Market Segments CRS, VTM, ATM, STM and 11 ATM Manufacturers Analysis Research Report

05-27-2019 03:15 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportsnReports

China Automatic Teller Machine (ATM) Industry

China Automatic Teller Machine (ATM) Industry

Since 1985 when the first ATM was deployed in China, ATM installation has been on the rise. By the end of 2018, the ownership of bank self-service equipment had reached 1,110,800 units in China, presenting a year-on-year upsurge of 15.6%, with 7.99 units per 10,000 people, up 15.03% over the previous year. As estimated, the ownership will exceed 2.1 million units in 2025.

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

Competitive pattern:
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.).

About Us:
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
sales@reportsandreports.com

This release was published on openPR.

Permanent link to this press release:

Copy
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: 476

More Releases from ReportsnReports

Dutch eMobility Stakeholders’ show their support towards the EV Charging Infra …
The EV Charging Infrastructure and Technology Expo, scheduled to be held from 30th September till 2nd October 2020 at MECC, Maastricht, will provide a platform for the government, utility companies, municipalities, OEM’s, fleet owners, researchers and electric vehicle technology providers to share their view and expertise related to future and scope of EV charging in Europe. The EV Charging Expo is the only international event in Netherlands that focuses on
5th Annual Biomarker and Companion Diagnostics Conference 2020 by MarketsandMark …
The Biomarker and Companion Diagnostics Conference 2020 will address the gaps between early stage Biomarker development and the commercialization stage of Biomarkers. The Leading industry and academic experts would share their case studies focusing on advancements in the companion diagnostics area. This Event Will be Two Days Event and We are inviting 100 biomarker discovery professionals, 20 expert speakers and 15 solution/technology providers to deliver niche buyer-seller ecosystem in the biomarker
Global Light Vehicle OE Glazing Market Size Will Reach US$ 11950 Million At a CA …
ReportsnReports.com a leading business intelligence provider, released its latest research report on “Global Light Vehicle OE Glazing Market”. The report cloaks the market analysis and projection of “Light Vehicle OE Glazing Market” on a regional as well as global level. The report constitutes qualitative and quantitative valuation by industry analysts, first-hand data, assistance from industry experts along with their most recent verbatim and each industry manufacturers via the market value
Light Vehicle OE Mirrors Market Survey By Top Participants - Gentex, Magna, Fico …
ReportsnReports.com a leading business intelligence provider, released its latest research report on “Global Light Vehicle OE Mirrors Market”. The report cloaks the market analysis and projection of “Light Vehicle OE Mirrors Market” on a regional as well as global level. The report constitutes a qualitative and quantitative valuation by industry analysts, first-hand data, assistance from industry experts along with their most recent verbatim and each industry manufacturers via the market

All 5 Releases


More Releases for ATM

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
Atm Market
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
Global Biometric ATM Sales Market Report 2017
MarketResearchReports.Biz presents this most up-to-date research on "Global Biometric ATM Sales Market Report 2017" Description In this report, the global Biometric ATM market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report split global into several key Regions, with sales (K Units), revenue (Million USD), market share and
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