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At 10.7% CAGR, Asia-Pacific ATM Market Expected to Reach $7.9 Billion By 2020 | Key Market Players, Growth Opportunities and Forecast - 2026

04-07-2020 08:55 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

Asia-Pacific ATM Market

Asia-Pacific ATM Market

According to a report published by Allied Market Research, titled, "Asia-Pacific ATM Market by Solutions (ON site ATMs, Off site ATMs, Work site ATMs, Mobile ATMs, Managed services) and by Type (Conventional ATM, Brown label ATM, White label ATM, Smart ATM, Cash dispenser) - Opportunity Analysis and Industry Forecast, 2014-2020", the Asia-Pacific ATM market is expected to garner $7.9 billion by 2020, registering a CAGR of 10.7% during the period 2015 - 2020.

China dominates the market for ATM market owing to growing customer base, rising urbanization and large untapped rural areas that showcase greater potency. However, India is expected to grow rapidly during the forecast period owing to favorable government initiatives for improving the banking services.

Access Full Summary @ https://www.alliedmarketresearch.com/asia-pacific-atm-market

The ATM industry in the region has undergone significant technological transformations over the past few years. Unlike conventional ATMs, which only provide cash withdrawal facility, new ATMs such as Smart ATMs, are equipped with a number of advanced features which include fund transfer facility, bill payment and smart phone connectivity among others.

Further, the integration of latest technologies in ATMs have reduced cases of ATM frauds in the past few years. Equipment such as anti-skimming devices and use of wireless communicating devices could further benefit the ATM market in Asia-Pacific. For instance, Smart ATMs enable consumers to complete transactions via smart phones that prove to be extremely effective in reducing the card skimming frauds.

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Key findings of ATM Market
1. Smart ATMs is anticipated to be the most lucrative segment & is expected to grow at the fastest CAGR of 27.0% during the forecast period
2. Increase in the demand of offsite ATMs in Asia- Pacific region would foster the overall Asia-Pacific ATM market over the forecast period
3. China dominates the Asia-Pacific ATM market & would continue to lead the market by 2020

The prominent companies profiled in this report include, NCR Corporation, Diebold INC., Hitachi-Omron Terminal Solutions Corporation, Fujitsu, Wincor Nixdorf AG among others. Several companies have focused on innovative product development to cater to the growing needs of the industry. Market players have adopted product launch, partnership, and acquisitions as their key strategies to enhance their product portfolio and improve their market foothold.

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Chapter 1: Introduction
Chapter 2: Market Overview
Chapter 3: Solution
Chapter 4: Type
Chapter 5: Country
Chapter 6: Company Profiles

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About Us:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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