Tuesday, May 3rd, 2016 - ReportsnReports

ReportsnReports.com adds Global Automated Teller Machine Market 2016-2020 latest research report, the deployment of new off-site ATMs in the rural and semi-urban sites is aimed at reducing the cost associated with the migrating transaction from the tellers. The reasons for deployment of ATMs also include the rise in customer geographical reach. The number of customers is expected to increase significantly, which will also boost ATM use. This will bring about a lot of opportunity to deploy large number of additional cash dispensers in all terminals. The analysts forecast global ATM market to grow at a CAGR of 7.92% during the period 2016-2020.

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According to the Automated Teller Machine market 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.

In this industry research study, the analysts have estimated factors such as the increasing deployment of ATMs in off-site terminals to aid in the growth of this market during the predicted period. Moreover, the deployment of new off-site ATMs in the rural and semi-urban sites will help in reducing the cost associated with the migrating transaction from the tellers. Also, with the deployment of more ATMs, the number of customers is expected to increase significantly, which will boost ATM use. Furthermore, an increasing number of ATMs are deployed in busy locations that include petrol pumps, retail malls, and high traffic areas. These off-site ATMs offer a broad range of value added services such as coin dispensing, check deposits, request for check books, cash deposits, mobile top-ups, and last nine transactions mini statements. Therefore, the increasing availability of ATMs in off-site areas will propel this market’s growth in the coming years.

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During 2015, the Americas dominated the global ATM market and accounted for close to 65% of the market share. The ATM market in the Americas is likely to move to Windows 10 operating system and the ATM vendors in the region are expected to offer real-time operating system and antivirus software management services to protect the machines from malware threats, especially within minutes of a software update. Also, the new operating models are also like to meet customer demand for depositing checks and check cashing. Therefore, the recent technological advancements introduced in ATMs will aid in the growth of this market in the Americas by the end of 2020.

The global ATM market is highly fragmented with intense competition between the existing vendors and new vendors. With increased competition, the market consolidation is increasing, and small entities are being acquired by or merged with major players.

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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.

Commenting on the report, an analyst said: "The deployment of new off-site ATMs in the rural and semi-urban sites is aimed at reducing the cost associated with the migrating transaction from the tellers. The reasons for deployment of ATMs also include the rise in customer geographical reach. The number of customers is expected to increase significantly, which will also boost ATM use. This will bring about a lot of opportunity to deploy large number of additional cash dispensers in all terminals.

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Automated Teller Machine Market, Automated Teller Machine Industry, Global Automated Teller Machine Market, Automated Teller Machine Market 2016, Market Research Reports

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