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Next-Gen ATM Market Overview-Forecast Market Size, Top Segments And Largest Region
Next-Gen ATM Market
The Business Research Company's Next-Gen ATM Global Market Report 2023 identifies rise in the value of consumers' purchasing power parity (PPP) as the major driver for the Next-Gen ATM market's growth in the forecast period. Purchasing power parity (PPP) represents a prominent macroeconomic statistic that compares various nations' currencies using a "basket of goods" method. PPP exchange rates are relatively stable over time.
The global next-gen ATM market is expected to grow from $2.84 billion in 2022 to $3.04 billion in 2023 at a compound annual growth rate (CAGR) of 7.27%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The next-gen ATM market is expected to reach $4.08 billion in 2027 at a CAGR of 7.64%.
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Major competitors in the Next-Gen ATM market are Fujitsu Limited, NCR Corporation, AIB Group plc, Diebold Nixdorf Inc., Euronet Worldwide Inc., OKI Electric Industry Co. Ltd., Hyosung Corporation.
A key trend in the Next-Gen ATM market includes technology innovation. Major players in the next-gen ATM market are creating revolutionary products to improve their market share. For instance, in October 2020, NCR Corporation, a US-based company that designs and develops banking software and services, launched NCR Activate Enterprise NextGen, the world's most advanced self-service ATM software application. It is hardware-independent, allowing banks to offer unique customer experiences such as video teller cooperation and contactless technologies in an easy-to-install ATM application. The new platform adheres to the industry-wide ATMIA Next-Gen Industry Standard and can be used by top ATM operators. By utilizing a contemporary user interface to deliver an essential
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The Next-Gen ATM market is segmented -
• By Type: Cash Dispensers, Deposit ATMs, Cash Recycling ATMs, Self-Service ATMs, Self-Service Kiosks, Mobile ATMs, Other Types
• By Solutions: Deployment, Managed Services
• By Technology: Contactless, Voice Recognition, Biometrics, Video Banking, AI (Artificial intelligence) And IoT (Internet of Things) Integration
• By Application: Bank Service Agent, Bank, Retail, Enterprises
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Next-Gen ATM market.
The Business Research Company's "Global Next-Gen ATM Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Next-Gen ATM Market Include:
1. Executive Summary
2. Next-Gen ATM Market Characteristics
3. Next-Gen ATM Market Trends And Strategies
4. Next-Gen ATM Market - Macro Economic Scenario
5. Global Next-Gen ATM Market Size and Growth
………………………………………………………………….
32. Global Next-Gen ATM Market Competitive Benchmarking
33. Global Next-Gen ATM Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Next-Gen ATM Market
35. Next-Gen ATM Market Future Outlook and Potential Analysis
36. Appendix
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