November 12, 2019
According to the latest study titled ‘Global ATM Market Report (2019 Edition): Country Analysis By Installed Base, By Value, Installed Base By Banks: Opportunities and Forecast (2013-2023): Country Analysis (U.S., Canada, Brazil, Mexico, Germany, U.K, France, Turkey, Russia, Italy, China, Japan, India, Pakistan, Indonesia, Australia, South Africa, United Arab Emirates, Nigeria)’ available at MarketStudyReport.com, the global ATM market is estimated to grow with a CAGR of 10.5% by value and volume of the industry is predicted to grow with a CAGR of 4.13% through the year 2023.
ATM or Automated Teller Machine enables the consumers to use their debit or credits cards to withdraw cash for their financial needs. Factors such as 24x7 availability of cash and easy provision of bill payments are instances that favor the growth of ATM market.
In addition, the advance features of ATM, coupled with increase in per capita income, establishment of automated bank branches across various emerging nations, and preference for convenience are further aiding the ATM market growth. However, increasing promotion of cashless transactions and growing digitalization will impede the growth of ATM market to some extent.
The study encompasses details about market size based on value and volume. It analyses the competitive landscape of ATM market using SWOT analysis and Porter’s Five Force analysis methods. Information about the market dynamics which influences the market growth are also given in the report. It also provides strategic recommendations that can be incorporated by competitors to expand their business footprint.
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Considering the geographical landscape, the global ATM market is studied for countries, namely, Canada, U.S., Mexico, Brazil, U.K, Germany, Turkey, France, Italy, Russia, Japan, China, Pakistan, India, Australia, Indonesia, United Arab Emirates, Nigeria, and South Africa. Regionally, China dominated the global ATM market in 2017, claims the report.
Some of the vendors that operate in ATM market are Diebold Nixdorf, NCR Corp., Hitachi, Hyosung Corp., GRG Banking, Fujitsu, OKI Electric Industry, Brinks, and Euro Net Worldwide.
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