World ATM Market Value to Register 8.5% CAGR to 2022, States KBV Research in Topical Report Published at MarketPblishers.com
07 Sep 2016 • by Natalie Aster
LONDON – The global ATM market value stood at around USD 15.138 billion in 2015 and is poised to grow further, registering an 8.5% CAGR through to 2022. Surging demand for automated system, the rise of the ATM industry in emerging marketplaces, enhanced security standards, technology advances, and the advent of wireless communication devices (WCDs), amid others, are the major drivers of the growth of the global ATM market. Meanwhile, the rising incidence rates of ATM card skimming as well as an increase in the exposure of customers’ personal data and banking account information to hackers are set to be the key restraints of the ATM market worldwide.
Deployment solutions are the dominant revenue contributor to the ATM market. Nevertheless, there is a huge scope for business opportunities in the worksite and mobile ATM segments that are posting the most rapid growth rates. In 2015, the mobile ATM segment grew with the highest growth rate during 2012-2015, reaching USD 879.7 million in revenue in 2015. The market size of the worksite segment is set to amount to just under USD 2.890 billion by 2022-end, experiencing a high growth rate in the offing.
Geography-wise, APAC continued to take the lead in the worldwide ATM market in 2015 and is likely to see the highest CAGR till 2022.
Incorporated, Diebold, NCR Corporation, HESS Cash Systems GmbH & Co, GRG Banking, Nautilus Hyosung, Euronet Worldwide Inc., Fujitsu Limited, and Hitachi Ltd. are the leading players operating in the marketplace.
In-demand market research study “Top Growth Segments: Global ATM Market (2016 - 2022)” elaborated by KBV Research draws up an elaborate picture of the marketplace. The report offers a detailed market characterisation based on ATM type, solution type, and by geographic region. The report provides a detailed analysis of the market size, canvasses the forcers shaping the market development, presents an analysis and detailed profiles of the top stake holders of the ATM industry, etc. Furthermore, in-depth forecasts of the market development are provided in the report.
Other market research studies prepared by KBV Research can be found at its page.