Automatic Teller Machines (ATMs), introduced in developed countries during the late 70s, were cash dispensers, helping customers conduct a wide array of financial transactions. A decade ago, ATM machines were mere cash dispensers through which customers could only withdraw cash and receive details of their bank accounts. The standalone feature of 24*7 availability of transactional services provided by the banks, across multiple locations (offsite ATM machines), defined the very landscape of ATM market. Smart ATMs have played a considerable role in generating revenue in developing countries. Recent technological advancements, enabling financial transactions to be conducted over wireless devices, have boosted the growth of the World ATM market. In hindsight, these technological advancements have also led to the emergence of major fraudulent acts and security threats. Severe risks, associated with ATM machines such as thefts, online frauds, connectivity and operational issues, would limit the growth of the ATM market.
The world ATM market is exhibiting a progressive growth in developing countries. Solar ATMs, Smart ATMs among others, in emerging markets, are driving the growth of the ATM market. Additionally, numerous market players are collaborating with other companies to provide better services to customers while expanding their geographical horizons. Diebold for instance, launched the worlds first Smart ATM machine in Asia-Pacific region in 2013. Fujitsu, launched a Smart ATM for European retail banking, in 2014. Singapore is one of the first Asian countries to introduce Smart Gold ATMs which would dispense gold bars, coins and ingots. Technological advancements are increasing across developed countries in order to meet consumer demands.
World ATM market is segmented into solution, type and geography. The solutions chapter analyzes deployment solutions i.e., onsite ATMs, offsite ATMs, worksite ATMs, mobile ATMs and managed services. Offsite ATMs are exhibiting a rapid growth. Further, according to type, ATM market is segmented into conventional/bank ATMs and brown label ATMs, White label ATMs, Smart ATMs and cash dispensers. Geographically, the report also provides a detailed analysis of key countries such as US, Canada, China, India, UK, Spain, South Africa and Middle-East.
POTENTIAL BENEFITS FOR STAKEHOLDERS:
WORLD ATM MARKET KEY SEGMENTS
The world ATM market is segmented based on solution, type, and geography.
MARKET BY SOLUTION
MARKET BY TYPE
MARKET BY GEOGRAPHY
SIMILAR MARKET STUDIES
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