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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Report Copy :
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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