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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