Lewes, DE -- (SBWire) -- 04/26/2016 --Report forecast the global Automated Teller Machine market to grow at a CAGR of 7.92% during the period 2016-2020.
ATMs are computerized machines that allow customers to access their bank accounts with a magnetically encoded plastic card and a code number. This enables customers to perform various banking operations and functions without any help from an advisor. The ATM is used by customers to withdraw and deposit cash, pay bills, obtain bank statements, and effect cash transfers, among others. It is also known as the automated banking machine, or remote service unit.
The report covers the present scenario and the growth prospects of the global automated teller machine (ATM) market for 2016-2020. To calculate the market size, the report considers the revenue generated from the production, maintenance, service, and installation of ATMs
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, many financial institutions have introduced innovative functionality and revenue-generating services via the ATM channel, and this has made the market more competitive. The constant upgrades in the ATM technology has provided customers with high quality personalized service, including lower labor cost per transaction and extended banking hours. The customers are demanding more convenience, efficient services, and availability of cost saving measures. ATMs offer personalized transactions and provide envelope-less deposits among others.
Further, the report states that the costs of operating a retail ATM business will continue to increase the Euro pay, MasterCard and Visa (EMV) upgrade expenses. The banks also no longer want to provide services to independent sales organizations (ISOs) that load their own cash.
Global Automated Teller Machine Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the Global Automated Teller Machine Market: Diebold, Ituatec, NCR, and Wincor Nixdorf.
Other Prominent Vendors in the market are: Perto, Hitachi-Omron Terminal Solutions, Fujitsu, and OKI.
Market driver
- Need for efficient and cost-saving measures
- For a full, detailed list, view our report
Market challenge
- Rise in operating cost of retail ATM businesses
- For a full, detailed list, view our report
Market trend
- Deployment of ATM machines in off-site terminals
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 68 pages and 32 Exhibit "Global Automated Teller Machine Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/global-automated-teller-machine-market-2016-2020
Related Reports;
Global Automation Solutions Market in Shale Gas Industry 2016-2020 - Visit at - http://www.marketresearchreports.com/technavio/global-automation-solutions-market-shale-gas-industry-2016-2020
Global Cardiovascular Training Equipment market 2016-2020 - Visit at - http://www.marketresearchreports.com/technavio/global-cardiovascular-training-equipment-market-2016-2020
About Market Research Reports, Inc.
Market Research Reports, Inc. is the world's leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.
Yearly/Quarterly Report Subscription: http://www.marketresearchreports.com/subscriptions
