ATM is the truncated form of automated teller machine. Across the globe, it is widely known by several names such as cash line, cash point, automated banking machine, and cash machine. An ATM is an electronic banking outlet that enables customers to complete their basic cash transactions without the help of a teller or any branch representative. Any individual with a debit card or credit card can access most of the ATMs. The global ATM consumption market has been substantially escalating in the past few years owing to the fact that regardless of location and time, an ATM lets the customers perform cashless transactions with the help of a card. The transaction is conducted by entering the personal identification number of that particular card, also considering the card’s expiry date, and 3D security pin in case of any online transactions. All the numerical permutation is exclusive and different for each card and its user. ATMs were first introduced in developed countries during the late 70s, were cash dispensers, assisting users perform a broad range of financial transactions. However, in the past few years, the classification of ATM has drastically altered from a simple cash withdrawing machine to an automated machine having multiple user-friendly functionalities.
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The global ATM consumption market is predicted to acquire $21.9 billion by 2020, thereby registering at a significant CAGR during the forecast period. Increasing number of services at the ATM kiosks escalates the amount of convenience for the consumer; therefore it is estimated to impact this industry’s market constructively. Moreover, leading banks across the world are incorporating their special services with technology companies so as to render a smooth and unseamed consumer experience. The complete landscape of the ATM market is defined by the objective feature of 24×7 availability of transactional services given by the banks. Presently, in developing countries smart ATMs have played a significant role in revenue generation. Recent enhancements in technology, altering financial transactions to be conducted over several devices including wireless, together have propelled the growth of global ATM consumption market. On the other hand, in retrospection, such advanced technology has also resulted to the development of great security threats and fraudulent acts. Extreme risks, linked with ATM machines such as connectivity, thefts, operational issues, online frauds, etc., will hinder this industry’s market growth in the future. This industry market based on its type is divided into White label ATMs, Conventional/Bank ATMs, Smart ATMs, Brown label ATMs, and Cash dispensers. The global market players of ATM consumption market are Triton systems of Delaware, LLC, NCR Corporation, Hitachi-Omron Terminal Solutions, Corporation, Wincor Nixdorf AG, Diebold, Inc., Nautilus Hyosung Corporation, HESS Cash Systems GmbH & Co KG, GRG Banking Equipment Co. Ltd., Euronet Worldwide, Inc., and Fujitsu Ltd.
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Table Of Content:
1 Industry Overview of ATM
1.1 Definition and Specifications of ATM
1.1.1 Definition of ATM
1.1.2 Specifications of ATM
1.2 Classification of ATM
1.3 Applications of ATM
1.4 Industry Chain Structure of ATM
14 New Project Investment Feasibility Analysis of ATM
14.1 New Project SWOT Analysis of ATM
14.2 New Project Investment Feasibility Analysis of ATM
15 Conclusion of the Global ATM Consumption 2016 Market Research Report
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