Asia-Pacific to accelerate the growth of the global ATM market by2025 Asia | страница 2

Based on the user interface, the global ATM market has been segmented into touch screen and keypad. In 2017, keypad-based ATM machine held the largest share in the global automated teller machine market. Ease of use is one of the key factors supporting the growth of global keypad-based ATM machines. However, with the technological advancements and growing need for a user- friendly interface, it is predicted that in the coming years, the installed base of touchscreen-based ATM machines will rise significantly. Further, offsite ATM machines are witnessing steady growth in the global ATM market by deployment type. It is expected that the offsite ATM machines would grow at an estimated CAGR of 10.8% during the forecast period. “In 2017, about 3.4 million ATMs were installed, globally and it is expected, that by 2022, ATM installation base would be more than 4.0 million. The growing need for automation in the banking sector is propelling the growth of the global ATM market. In addition, the rising demand for paperless transactions and energy efficient ATMs are further, fuelling, the market growth. However, growing incidences of card skimming are hindering the growth of the market.” —-GMI Research Presence of leading ATM technology developers and ATM manufacturers are few of the factors which are supporting the growth of the ATM market in North America. Further, the North American ATM market is being driven by the population in the age group of 25-34 years, about 62% of the ATM transactions are done by the people in this age group in a month. In 2017, North America held the largest share in the global ATM market, followed by Asia-Pacific. The Asia- Pacific market is projected to grow at an estimated CAGR of 12.0% during the forecast period Countries, such as India, China, Australia, and Japan are contributing towards the growth of the ATM market in the region.