Your Catalyst To a Lucrative Business
The ATM industry , divided on the basis of solutions , includes managed services and deployment . Deployment has enabled customers to avail banking services 24 / 7 . It accounted for 70 % revenues in 2014 . This was attributed to growing IT companies worldwide . Worksite , offsite , onsite , and mobile ATMs constitute deployment solutions . Worksite is expected to generate over USD 2.6 billion by 2024 .
Onsite machines are installed within bank premises . They reduce staff-pressure and error-probability . These factors would drive sub-segment demand in the near future . Mobile ATMs decrease customers at trade fairs and sports events . They may grow at a CAGR close to 13 % till 2024 . These machines give banks the chance to lessen the traffic at populated places and extend their reach .
Managed services allow banks to move their non-core activities to trained service providers & concentrate on their core business . They are involved in retaining customers & offering cross-selling opportunities . Managed services will grow at a CAGR above 11 % from 2016 to 2024 . Their outsourcing can bring good returns , complying with regulatory policies . Firms such as Diebold Inc . and Wincor Nixdorf AG provide such services at low costs .
In view of regions , the ATM market consists of North America , Asia Pacific , Europe , and the MEA ( the Middle East & Africa ). North America dominated in 2014 but will face a decline till 2022 . Its trend of trading in digital currency has encouraged the adoption of Bitcoin ATMs in the region . The U . S . is the best market ( in ter ms of performance ), bound at over USD 9 billion by 2024 . Its integration of biometrics , remote assistance , & video conferencing can drive regional sales . U . S . banks have implemented Europay / Visa / MasterCard IC encryption to ensure added security .
Europe is predicted to experience a similar trend on account of saturation and rising operational costs . Asia Pacific will grow at a CAGR above 12 % during the forecast period due to its self -service machines and everincreasing customer base .
Increased IT dependence has led players of the global market to create devices with multiplatform compatibility . Notable players are GRG Banking , Nautilus Hyosung , Euronet Worldwide , and NCR Corporation . Mergers and acquisitions are one of the strategies adopted by companies to maintain industry hold . For instance , Euronet acquired Pure Commerce in 2013 to broaden its global reach .
Browse Related Category Market Report @ https :// www . hexaresearch . com / research-category / digitalmedia-industry
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