ATM market in Deployment solutions segment to grow at 9.4% CAGR from 2016 to 2023

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ATM Market Share to exceed USD 26 billion by
2023 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from ATM Market

• Increasing penetration in the economically
  stabilizing economies specifically in the BRIC
  nations is expected to present potential growth
  avenues over the forecast timeline. The
  requirement to cater to growing cash demand in
  these regions, banks and financing organizations
  is expected to increase investment. Small value
  businesses functioning on cash payments, managing
  low valued transactions through personal
  budgeting or cash will also catapult the ATM
  market size.
• Technological standards are formulated by
  Scrutiny Standards Council (SSC), International
  Organization for Standardization (ISO), European
  payment council (EPC), American National
  Standards Institute (ANSI), and Payment Card
  Industry (PCI). Moreover, the current versions of
  PCI PIN Security Requirements and PCI PTS POI
  Security Requirements are the most accepted
  standards.

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Continued...

• Technological standards are formulated by
  Scrutiny Standards Council (SSC), International
  Organization for Standardization (ISO), European
  payment council (EPC), American National
  Standards Institute (ANSI), and Payment Card
  Industry (PCI). Moreover, the current versions of
  PCI PIN Security Requirements and PCI PTS POI
  Security Requirements are the most accepted
  standards.
• Card skimming, card trapping, online frauds, and
  inappropriate network connectivity are the major
  factors hindering the ATM market share growth.
  With growing technological advancements,
  financing organizations have managed to curb
  these potential threats from malpractices.

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Europe ATM Market size, by
application, 2012-2023 (USD Billion)

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360 Analysis

• Application Trends
• Increasing adoption of banking and financial
  services amongst consumers would increase the ATM
  market size over the forecast timeline.
  Transition of class banking to mass banking would
  attribute significant industry growth primarily
  in rural areas owing to growing user interest
  towards self-service channels.
• Regional Trends
• U.S. ATM market share is responsible for a
  dominant North American revenue base. Replacement
  of aging machines by financial institutions such
  as banks, fleet expansion and machine integration
  capabilities such as video conferencing,
  biometrics and remote assistance will drive the
  revenues for the next seven years.
• Competitive Market Share
• Smart ATM market will progressively gain
  popularity to minimize threats and frauds.
  Companies are investing considerably in new
  product development and RD for existing
  automated teller machines and their expansion.
  Key players accounting for global ATM market
  share include NCR, Euronet, Fujitsu, Diebold, GRG
  Banking, and Hitachi. Strong emphasis is laid on
  reliability and quality owing to performance
  requirements.

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