ATM( Automated Teller Machine) Market Share, Size, Analysis, Growth, Trends and Forecasts to 2024 | Hexa Research
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ATM( Automated Teller Machine) Market Share, Size, Analysis, Growth, Trends and Forecasts to 2024 | Hexa Research
" The worldwide ATM Market( Automated Teller Machine Market) is projected to garner over USD 26 billion by 2024, growing at around 9.8 % CAGR."
The ATM Market( Automated Teller Machines Market) is estimated over USD 26 billion by 2024, growing at nearly 10 % CAGR during the forecast period( 2016-2024). It was valued about USD 12.5 billion in 2015. Technological breakthroughs and improved safety amid rising wireless devices will drive the ATM market in the next eight years. This can result in lessened frauds and safe consumer financial transactions.
ATMs find active encouragement from banks and other financial institutions. They help reduce bank queues. These machines benefit customers by assisting them make cash withdrawals, transfers, and deposits. They are adopted widely since they provide a multitude of options for fiscal transactions.
Online cash transfers and other transaction modes hinder the ATM market. Introduction of solar & smart ATMs across India and China is expected to provide industry opportunities. Rising competition among banks to expand their customer base should give the market a fillip.
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