ATM (Automated Teller Machine) Market 2019-2026
Overview:
ATM (Automated Teller Machine) is an electronic automated banking machine that enables customers to perform basic financial transactions without the need to visit the bank. The customer can deposit, withdraw, transfer and obtain account information without adhering to any time constraint to complete the financial transactions. By using debit and credit card one can conduct the financial transactions from an ATM (Automated Teller Machine). ATM (Automated Teller Machine) is spread all over the world including major countries, cities and even small villages or islands.
ATM (Automated Teller Machine) is easy to operate and is convenient. It allows the customer to perform self-service transactions at a minimum time. ATM (Automated Teller Machine) allows the customer to access all the facilities provided by a bank. The advanced features of the ATM (Automated Teller Machine) includes machine accept deposits, transfers, credit payments, and account information. An account holder is only allowed to access advanced features. The basic operation of an ATM (Automated Teller Machine) allows the customer to withdraw cash and receive an updated account balance.
ATM (Automated Teller Machine) is slowly spreading to every area for its growing popularity. In the future, the use of ATM (Automated Teller Machine) will increase drastically and will provide more features with convenience. It is simple to use and quickly delivers the service. It is more convenient than visiting a bank for regular transactions. To accomplish the transaction a debit or credit card is needed. Due to its convenience and fast service, the market of ATM (Automated Teller Machine) will grow at a fast pace.
Top Key Players:
Mitsubishi Electric Corporation
Nautilus Hyosung Corp.
AU Optronics Corp.
Dibold Nixdorf
Sharp Electronics Corporation
NCR Corporation
Tianma Micro-electronics Co
KYOCERA Corporation
HESS Cash Systems GmbH
Intertech Bilgi
Triton Systems of Delaware
GRG Banking
Hitachi-Omron Terminal Solutions
Fujitsu Frontech
Oki Electric Industry Co.
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Segmentation:
By type, the global ATM (Automated Teller Machine) market in the section – On-Site and Off-Site. On-Site ATM (Automated Teller Machine) is set up in the premises of the bank branch so that both banks and ATM can be used simultaneously. People tend to use it to avoid standing in line. It saves valuable time. Off-Site ATM (Automated Teller Machine) is a standalone setup. It is not on the premises of the bank branch. To reach more geographical areas Off-Site ATM (Automated Teller Machine) is set up. It can be accessed in the absence of a bank branch. By application, the global ATM (Automated Teller Machine) market in the section – Transfers, Withdrawals, and Deposits.
Regional Analysis:
Europe and North America’s ATM (Automated Teller Machine) market achieve growth due to the development of technologically advanced On-Site and Off-Site ATM (Automated Teller Machine) in various areas. The penetration of ATM (Automated Teller Machine) is growing due to its increasing popularity for the convenience it provides. South America’s ATM (Automated Teller Machine) market achieves growth due to its rising adaptability among the mass population for completing various financial transactions. Asia-Pacific (APAC) ATM (Automated Teller Machine) market to achieve growth due to the convenience it offers for completing financial transactions without any hassle in less time. The market of ATM (Automated Teller Machine) will grow rapidly.
Industry News:
November 11, 2019. The retail cash machines manufactured by Nautilus Hyosung America have two vulnerabilities which were found by the researchers of New York-based Red Balloon Security. Though there has been no instance of hackers taking advantage of the situation. The problem in the machine could have given customer’s cash and data access to hackers. After knowing the fault the companies are working out to strengthen the security of its ATMs in the retail marketplace.
Continued…..
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