FOR IMMEDIATE RELEASEPressnews.biz (Press Release) Dec 29, 2014 -- Global ATM Market - Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013-2020, the global ATM market would reach $21.9 billion by 2020, registering a CAGR of 7.6% during the forecast period 2014-2020. The integration of wireless communicating devices (smart phones) with ATM machines reduces ATM frauds that arise due to card skimming, a factor that prominently drives the adoption of Smart ATMs which is consequentially spurring the global ATM market. The North American region accounted for ~68,000 million of ATM transactions in 2013, which clearly shows the widespread adoption of ATM services in the developed regions. Unlike developed countries, the ATM market in Asia Pacific is in its developing phase. China, for instance, has tripled its ATM installations from 130,000 in 2007 to 339,000 in 2011.The diverse services and offerings in financial transactions are the major drivers for the global ATM market. Thefts, online frauds, and network connectivity issues while using mobile ATMs & smart ATMs, are some of the major threats to the growth of the ATM market. The growing use of solar powered ATM machines is reducing the cost of ATMs, leading to minimal operational cost. According to the "Federal Reserve System", ATM market in developed countries such as U.S, UK, Canada and France has attained state of maturity, while the "Reserve Bank of India" forecasts a rapid growth of ATM market in emerging countries.
|Issued By||:||Mr. Amitava Sen|
|Website||:||Market Research Reports, Inc.|
|Business Address||:||15192 Coastal Hwy, Lewes, DE 19958, USA Fax- +91-80-26860844
|Tags||:||Banking and Finance, ATM, market research reports|
|Last Updated||:||Dec 29, 2014|
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