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Checking the balance on the global ATM market

Checking the balance on the global ATM market

Automated teller machines (ATMs) provide the convenience of a bank by allowing customers to withdraw cash, check their account balances, deposit checks and more. The following reports take a closer look at the ATM market and where it's headed.

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Also known as an automated banking machine, an automated teller machine (ATM) is an electronic device that allows customers to perform financial transactions with their respective bank, including cash withdrawals, balance checking and check depositing. While these tasks can also be performed at the bank's physical branch, ATMs are portable and can be installed just about anywhere; thus, eliminating the need for customers to visit their bank's local branch.

To put the popularity of ATMs into perspective, statistics show that globally there are more than 3 million ATMs in use. In terms of ownership, about half of these ATMs are owned by banks and financial institutions, while the remaining half are owned by independent companies.

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A typical ATM has more than a dozen different components, some of which include computer processors, magnetic chip card readers, PIN pads, secure cryptoprocessors, electronic displays, function key buttons, record printer, vault, housing, sensors, indicators and more. It's a complex device that must be manufactured according to specification to protect its contents from theft and tampering.

The Global ATM Market by Manufacturers… Forecast to 2022 report by The Market Reports is a comprehensive study of the global ATM market. While it covers the entire global market, it focuses specifically on regions in which ATMs are heavily used, including North America, Europe, Asia-Pacific, South America, Middle East and Africa. Featuring insight from industry professionals and experts, it reveals the ATM market's trends, classifications, industry chain structure, development processes, growth, revenue and more. Additionally, it explores the competitive landscape along leading ATM manufacturers, along with their sales.

Some of the key ATM vendors profiled in this report include Diebold Nixdorf, NCR, GRG Banking, Hitachi, Synkey Group, Fujitsu, OKI, Nautilus Hyosung, Keba and others.

The Global ATM Market Research 2017 report by The Market Reports is a second detailed analysis of the global ATM market. It covers much of the same information revealed in the aforementioned report but with a focus on end users and product applications. By accessing this report, you'll have a better understanding of the nuances surrounding the ever-growing ATM market, which you can use to make smarter and more informed decisions regarding investments and usage of ATM products.

This report segments the ATM market by several criteria. For product, the market is segmented into cash dispensers, automated deposit terminals, and recycle type. For end user applications, the market is segmented into banking, retail, and others.

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