PUNE, India, May 26, 2016 /PRNewswire/ --
The newly published report Global ATM Market - Insights and Analysis: Growth, Penetration and Demand Forecast to 2021 (By Value & Volume: Actual & Forecast By Region & Country; By Region-North America, Europe, APAC; By Country - USA, Canada, UK, China, India; Bitcoin ATMs; Company Analysis; Strategic Recommendations) says low penetration of ATMs in the emerging countries like India and China coupled with a growing banking population will facilitate the growth of ATM market.
Complete report on ATM Market spread across 125 pages providing competitive analysis of 6 companies and 70 figures is now available at http://www.reportsnreports.com/reports/560889-global-atm-market-insights-and-analysis-growth-penetration-and-demand-forecast-to-2021-by-value-volume-actual-forecast-by-region-country-by-region-north-america-europe-apac-by-country-usa-canada-uk-china-india-bitcoin-atms-company-analysis-strategic-recommendations-.html
ATM penetration in the emerging countries like India and China is low and hence the market holds a lot of potential for ATM manufacturers to capitalize on the gap in the market. The banking sector in the developing nations is still in the nascent stage of technological advancement in the form of ATM installation in the nations. The initiatives by the banks and the government to include larger part of the population in the banking system will create the needed demand.
The penetration rate of ATMs in these nations is far below the global average. With increasing demand for cash and low density of ATMs in the emerging nations it will be a strategic move to aggressively get a share of the market which is still large and untapped. ATM market is driven by the pattern in the currency demand in the Banking Industry. The main factor driving the ATM market is the competition among the banks to provide convenient banking to its customers.
ATM market is a growing market with the increasing demand of machines in the financial sector. Globally, ATM market has seen moderate pace of growth over the last five years on account of increasing number of people being incorporated in the banking system in different regions. During 2016-21, Global ATM Market is anticipated to grow at moderate rate on account of more banking population and technological advancements in the equipment.
The ATM market expected to grow at a CAGR of 5.49% in the period 2016-2021 and the market is dependent on the machines sold to the Banks and to the third party operators globally. The growth in number of customer base for banks, rise in R&D of the new products also create a demand for the products resulting in steady pace of growth of the market.
Company Profiled: NCR Corporation, Diebold, Incorporated, Wincor Nixdorf Aktiengesellschaft, HITACHI Ltd. and Hyosung. Order a Copy of this ATM market report at http://www.reportsnreports.com/purchase.aspx?name=560889
While the ATM Markets in China research report provides an in-depth insight on China's demand for ATM has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption and capital investment for over two decades. This new study examines China's economic trends, investment environment, industry development, supply and demand, industry capacity, industry structure, marketing channels and major industry participants. Historical data (2005, 2010 and 2015) and long-term forecasts through 2020 and 2025 are presented. Major producers in China are profiled. Complete report available at http://www.reportsnreports.com/reports/258082-atm-markets-in-china.html
Another related report is Global and Chinese ATM Machine Industry, 2015 Market Research Report; it depicts the global and Chinese total market of ATM Machine industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export. The total market is further divided by company, by country, and by application/type for the competitive landscape analysis. The report then estimates 2015-2020 market development trends of ATM Machine industry. Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out. In the end, the report makes some important proposals for a new project of ATM Machine Industry before evaluating its feasibility. Complete report is available at http://www.reportsnreports.com/reports/424124-global-and-chinese-atm-machine-industry-2015-market-research-report.html
Explore other reports on banking and financial services market at http://www.reportsnreports.com/market-research/banking-services/
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