Automated Teller Machine Market Analysis By 2024: Key Technologies and Innovations
Category: #technology  By Ronak Bora  Date: 2021-08-03
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Automated Teller Machine Market Analysis By 2024: Key Technologies and Innovations

The automated teller machine market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these falls along the likes of the industry insights, growth drivers, industry segmentation, and trends worldwide. Also included in the research report is information pertaining to the companies partaking in the market share and the information pertaining to the regulatory norms that impact the commercialization landscape of this vertical.

The overwhelming expansion of automated teller machine market across the globe has been unparalleled. With the advent of next-gen technologies such as internet of things and massive proliferation of smartphones across major geographies of the world, the financial institutions have been compelled to redefine the banking experience and significantly alter the way customers interact with the ATM. Consequentially, in a bid to remain competitive in the market, the leading manufacturers have been unveiling highly-evolved smart ATMs in the recent times. In early 2017, NCR Corporation launched its SelfServ 80 ATM series, which comes equipped with inbuilt video banking fully integrated into a single ATM platform. This capability allows the financial institutions to provide highly personalized service to its customers who would be assisted by a live teller at the ATM and in addition, the platform would streamline the way branch staff serves them with credit cards, deposits, mortgages, auto loans among others.

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Furthermore, the SelfServ 80 series is configured with NCR’s CxBanking software suite which ensures amazing consumer experience across physical and digital banking infrastructures. Such innovative, cost-effective, highly-efficient and user-friendly solutions released by automated teller machine market players, have been complemented with enthusiastic efforts by a large number of financial institutions who appear keen to replace the existing aging machines with the latest multifunctional ATMs. All the aforementioned factors have been instrumental in the rapid expansion of the market size, which was estimated to have surpassed USD 14 billion in 2016, with the total installed base of over 3 million units.

Meanwhile, the automated teller machine market has been witnessing a revolution of sorts as the emergence of decentralized digital cryptocurrencies has drastically transformed the global currency landscape. Bitcoin ATMs, cite experts, would prove to be a godsend to those who lack the technical know-how and struggle to obtain the complex documentation procedure to complete the lengthy KYC norms of banks. To cite an instance to demonstrate the interesting phenomenon of ATM and bitcoins, Nautilus Hyosung, the global leader partaking in market, has teamed up with a U.S. based mobile payments provider Just.Cash, allowing the transaction of cryptocurrency through the regular ATMs in South Korea. This service would operate in the similar fashion as the conventional ATM works, however, the digital currency would be dispatched to the customer’s wallet using a QR code scan. Apparently, cryptocurrency-enabled ATM’s would be an invaluable addition to the whole ecosystem of the fast-evolving market.

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Major Key Points from Table of Content:

Chapter 4    Automated Teller Machine Market, By Solution

4.1    Automated teller machine market share by solution, 2016 & 2024

4.2    Deployment

4.2.1   Automated teller machine market estimates and forecast, 2013 - 2024

4.2.2   Market estimates and forecast, by region, 2013 - 2024

4.2.3   Onsite (Bank-owned)

4.2.3.1    Market estimates and forecast, 2013 - 2024

4.2.3.2    Market estimates and forecast, by region, 2013 - 2024

4.2.4   Offsite

4.2.4.1    Market estimates and forecast, 2013 - 2024

4.2.4.2    Market estimates and forecast, by region, 2013 - 2024

4.2.5   Worksite

4.2.5.1    Market estimates and forecast, 2013 - 2024

4.2.5.2    Market estimates and forecast, by region, 2013 - 2024

4.2.6   Mobile

4.2.6.1    Market estimates and forecast, 2013 - 2024

4.2.6.2    Market estimates and forecast, by region, 2013 - 2024

4.3    Managed Services

4.3.1   Market estimates and forecast, 2013 - 2024

4.3.2   Market estimates and forecast, by region, 2013 - 2024

Browse Complete Table of Content @  https://www.decresearch.com/toc/detail/ATM-market-report

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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