Press release
Global Automatic Teller Machine (ATM) Security Market Comprehensive Study 2024 : Forecasted Market Size And Growth Rate | Fujitsu Limited, NCR Corporation, Brink Incorporated., Diebold Nixdorf Inc
Automatic Teller Machine (ATM) Security Global Market Report 2024
The Business Research Company presents an extensive market research report on the Automatic Teller Machine (ATM) Security Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The automatic teller machine (atm) security market size has grown strongly in recent years. It will grow from $16.68 billion in 2023 to $17.77 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to increased atm usage, card skimming threats, global expansion of atm networks, rise in cybersecurity threats, regulatory compliance.
The automatic teller machine (atm) security market size is expected to see strong growth in the next few years. It will grow to $22.63 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to public awareness of atm fraud, biometric authentication advances, next-generation encryption, ai and machine learning in fraud detection, secure software development practices. Major trends in the forecast period include collaboration and information sharing, remote monitoring and management, technological advancements, physical security measures, anti-skimming technologies.
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Key Market Players:
Major companies operating in the automatic teller machine (atm) security market report are Fujitsu Limited, NCR Corporation, Brink Incorporated., Diebold Nixdorf Inc., Euronet Worldwide Inc., CMS Info Systems Ltd., Cardtronics Inc., GRG Banking Equipment Co. Ltd., ScienceSoft USA Corporation, Triton Systems of Delaware LLC, Protection Technology LLC, Cennox Inc., Nautilus Hyosung America (Hyosung TNS Inc.), Cash Connect, 3SI Security Systems, Secure Innovation Inc., Auriga, Penki Kontinentai Group, KAL ATM Software GmbH, HESS Cash Systems GmbH, LD Systems, TMD Security GmbH, Atlanta Computer Group Inc., Hitachi Channel Solutions Corp., Genmega Inc.
Market Drivers:
The increasing incidents of automated teller machine (ATM) fraud are expected to propel the growth of the automated teller machine (ATM) security market going forward. An automated teller machine (ATM) is a specialized computerized device that enables individuals to perform various banking transactions without the need for human intervention or visiting a physical bank branch. Automated teller machine (ATM) security measures protect against fraud and unauthorized access, ensuring the safe operation of automated teller machines (ATMs) and safeguarding users' financial information. These measures include PIN authentication, encryption, surveillance and physical security features. For instance, in April 2022, according to the Federal Bureau of Investigation, a US-based law enforcement agency, there were 254 thefts from ATMs in 2021, which is an increase of 10% from 229 in 2020. Therefore, the increasing incidents of automated teller machine (ATM) fraud will drive the growth of the automated teller machine (ATM) security market.
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https://www.thebusinessresearchcompany.com/report/automatic-teller-machine-atm-security-global-market-report
The automatic teller machine (atm) security market covered in this report is segmented -
1) By Offering: Software, Services
2) By ATM Type: Onsite Automatic Teller Machines (ATM's), Offsite Automatic Teller Machines (ATM's)
3) By Application: Fraud Detection, Security Management, Anti-Skimming, Other Applications
4) By Industry Vertical: Banking, Other Industry Verticals
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