ATM is an abbreviation of automated
teller machine which is also known as automated banking machine, cash point,
cash machine or cash line. It is a computerized telecommunication device that
enables a client of financial institution to perform transactions without the
support of a cashier, bank teller or clerk. The customer can perform a
transaction by inserting a plastic smart card or magnetic stripe with a chip
containing a unique card number and information containing CVV or expiry date.
The customer can perform the transaction once he/she enters the personal
identification number (PIN).
The benefits of using the ATM is
that it allows the customers to access their bank accounts to make cash
withdrawals, check their balances as well as make prepaid purchases. ATM can
also be used for exchange of foreign currency in different denomination. If the
currency that is being withdrawn from an ATM is different from the bank the
account is denominated the ATM converts the money at an official exchange rate.
This is widely used by foreign travelers. The drawbacks of ATM are that
transactions can be carried out by anyone who gets hold of the card and pin. At
times the ATM dispenses more cash than what is available in the account causing
loss to the bank. ATM. ATM can also be tampered to carry out transactions as an
authentic user. New trends that have evolved in the ATM are talking ATM where
audible instructions are provided to assist people who cannot read. Postal
interactive kiosk has similar components as an ATM but only disposes postage
related items.
North America holds one of the
largest ATM market share followed by Europe. But the growth in these regions
has slowed down. However there has demand for replacement for older units in
order to upgrade terminals to higher specifications and better functionality.
The demand continues to be stronger in emerging and developing regions such as
Middle East and Africa and Asia Pacific. Key vendors denominating the market
are Diebold Inc, Triton Systems of Delaware LLC, NCR Corp., Wincor Nixdorf AG,
among others.
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
·
North
America
·
Asia
Pacific
·
Europe
·
Rest
of the World
This report provides comprehensive
analysis of
·
Market
growth drivers
·
Factors
limiting market growth
·
Current
market trends
·
Market
structure
·
Market
projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review of
micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
More Reports On Technology and Media Market: http://www.transparencymarketresearch.com/technology-market-reports-8.html
Reasons for Buying this Report
·
This
report provides pin-point analysis for changing competitive dynamics
·
It
provides a forward looking perspective on different factors driving or
restraining market growth
·
It
provides a technological growth map over time to understand the industry growth
rate
·
It
provides a seven-year forecast assessed on the basis of how the market is predicted
to grow
·
It
helps in understanding the key product segments and their future
·
It
provides pin point analysis of changing competition dynamics and keeps you
ahead of competitors
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market and by making in-depth analysis of market segments
·
It
provides distinctive graphics and exemplified SWOT analysis of major market
segments
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Our Approach
·
Our research reports cover global markets, present
analysis and forecast for a period of five years.
·
The market structure and forecasts are developed on
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conducted with industry players and key opinion leaders (KOLs).
·
Respondents are led through a questionnaire to
gather quantitative and qualitative inputs on their operations, performance,
strategies and views on the overall market, including key developments and
technology trends.
·
Data from interviews are then consolidated, checked
for consistency and accuracy, and inserted into the Transparency Market
Research data model to arrive at the market numbers following the bottom–up
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