Tuesday, 30 August 2016

Global ATM Market - Industry Analysis, Growth, Trends, Forecast 2019

The Global ATM Market has been growing at significant rate in the last few years. With a simple card, an ATM allows its user to make monetary transactions irrespective of geography and time. A customer can perform a transaction by inserting by entering a PIN or a personal identification number of a CVV number, card’s expiry date, and its 3D security pin in case of an online transaction. All of these numerical combinations are unique to every ATM card, and thus unique to every ATM user.

Transparency Market Research’s report on ATM market provides a wealth of knowledge about the market dynamics, current trends, and the forecast for the coming years. The ATM market report gives its readers a comprehensive outlook on the market. These reports have been written by expert industry analysts and thus contain a worthy perspective of the market. To identify the factors affecting the market, the report is written with a SWOT analysis and a Porter’s five forces analysis. Both these tools will help the readers know the strengths, weaknesses, opportunities, and threats the ATM market faces in absolute depth.

The last segment of the report also provides its readers with company profiles of some of the important players in the ATM market.

Overview of ATM Market

ATM is an abbreviation for automated teller machine, which also popularly known as cash point, cash machine, cash line, or automated banking machine. Since the inception and introduction of ATM in the banking system, its market has only grown by leaps and bounds. The major factors driving the ATM market are the ease with which it allows its users to make cash transactions, withdrawals, check their balances, and make purchases both, online and offline. An ATM is also popularly used by foreign travelers as it allows them easy conversion of money in the required currency. As the ATM market allows a possibility of traveling cashless, it creates a chance for safety and security.

However, the ATM market does face its own set of challenges. As the ATM card can be misused if it is not secured by a PIN. Additionally, sometimes ATM transactions dispense extra cash causing a loss to the bank. An ATM card can also be tampered with, which further leaves room for scams, frauds, and thefts.

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The report perfectly analyzes the market drivers and restraints for its readers. It also segments the market based on geographical market share. It states, North America is the biggest market share holder for ATM markets, which is then followed by Europe.

Companies Mentioned in ATM Market Research Report

Some of the Important Players profiled in this report are Wincor Nixdorf AG, Diebold Inc, Triton Systems of Delaware LLC, NCR Corp., and among others. These players have been dominating the global ATM market for many years and are most likely the ones to impact it in the near future.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.  

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