August 04, 2020
According to the recent research report 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 available with Market Study Report, global ATM market is projected to expand with a year-over-year growth rate of 10.5% and volume growth of 4.13% during 2013-2023.
Increasing penetration of banking systems in developing and emerging economies and rising number of automated bank branches are some of the key factors driving the global ATM market growth. In addition, surging demand for advanced feature ATMs as well as increasing per capita income are expected to add momentum to the market growth over the study period. Further, growing demand for time saving and convenient ATMs is projected to propel the industry expansion in the forecast timespan.
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On the contrary, increasing prominence of cashless transactions is likely to hamper the market growth. Citing the regional landscape, China held majority of global ATM market in the year 2017.
Major players in global ATM market are Brink’s company, OKI Electric Industry co. Ltd., Euronet Worldwide, GRGBanking, FUJITSU ltd., Hitachi, Hyosung Corporation, Diebold Nixdorf, and NCR Corporation.
The report on global ATM market provides an in-depth analysis of this industry vertical and offers information based on industry share, size, and growth drivers. In addition, the study also includes key trends as well as challenges and opportunities impacting the overall market outlook over the forecast period.