ATM Market Poised for a High Growth in the Years to Come

1. Global ATM Market: Brief Description
ATM is the abbreviated form of automated teller machine. It is popularly known by
many names such as automated banking machine, cash line, cash machine, and
cash point. The global market for ATM has been significantly growing over the last
couple of years. Irrespective of time and geography, an ATM allows users to make
cash transactions using a card. The transactions can be performed entering the
personal identification number of the card, the expiry date of the card, or in the
case of any online transaction, a 3D security pin. All the numeric combinations are
unique for every respective card and its user.
This industry research report is a brief review of the growth trail in terms of current,
historical, and future scenarios of the global ATM market. It offers an evaluation of
the aspects that are expected to influence the development of the market and the
primary trends have also been specified in the research study. The research study
also offers a broad lookout on the vendor landscape of the market through Porter’s
five forces analysis. The research publication provides references of mergers and
acquisitions, the research and development activities, specifics on licensing and
collaborations. The report probes into the strategies related to marketing, shares,
and product portfolio of the key participants in the global ATM market.
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Global ATM Market: Trends and Prospects
Since the advent of automated teller machines in the banking system, the global
market for it has been incessantly growing. The prime aspects that are expected to
drive the demand of ATM in the near future are the easy flow of cash, transactional
benefits, quick withdrawals, and feasibility of offline and online shopping. It is also
convenient for foreign travelers as it allows them in converting foreign money into
the desired local currency. An ATM is the most secure and safe way of travelling as it
provides cashless facility. Onsite ATMs are set up in bank premises where both the
physical bank and machines can be used by customers. These machines also help in
reducing the workload of the bank staffs and also aid in avoiding long queues for
cash deposits, withdrawals, and cash transfer. By reducing the frequency of errors,
it helps the banks in having smooth financial transactions.
However, the market is expected to be hindered by factors such as misuse of the
ATM pin, dispense of extra cash which causes a loss to the bank, and tampering
which makes room for theft, fraud, and scams.

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Global ATM Market: Regional Outlook
The market for ATM is expected to have high potential in North America and Europe
over the next couple of years and is also expected to soon reach saturation. The
Middle East and Africa and Asia Pacific is also likely to exhibit significant growth
capacity in the near future owing to the rising demand for advanced interactive
machines. The cash based economy of the Middle East and Africa region is
anticipated to bode well for the market in the region.
Global ATM Market: Vendor Landscape
The leading companies in the market are NCR Corp., Triton Systems of Delaware
LLC, Diebold Inc., and Wincor Nixdorf AG.
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