financial institution and without any human interference . The hardware of the
ATM machine includes a metal box which incorporates cash dispenser,
processor, keypad, card reader, camera among other hardware components and
a user interface software to carry out the secure financial operations.
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The growing dependency of the users on ATMs for performing financial
transactions such as cash withdrawal and cash deposit at their convenient time
without any human intervention and without going to their bank is one of the key
factors which is supporting the growth of ATM. Further, the time-consuming
queue at financial institutions such as in banks and rise in number of shopping
complexes, grocery stores, stationary stores, educational institutions and food
plazas are supporting the growth of the market. In addition, the ATM market is
witnessing significant growth in the countries such as Brazil, China, and India
due to the growing demand of cash withdrawal, cash deposit and currency
exchangers from the users in these countries.
The various notable players operating in the ATM market are NCR corporation,
Diebold Nixdorf and Wincor Nixdorf. The other companies producing ATM are
Euronet Worldwide, FUJITSU, GRG Banking Equipment company Limited,
Guangzhou King Teller Company Ltd., Hantle Inc, Hitachi Omron Terminal
Solutions Corporation, Nautilus Hyosung, Remote-Smart LLC. The major players
have worldwide existence through its dealers. The minor players face stiff
challenges from the major players in terms of advanced technology, better
pricing and high durability.
The global ATM market has been segmented based on user interface,
deployment type, ATM type and key geographies. Based on the user interface