1,650 Thousand ATMs Around World, According to New Report
The automated teller machines market is highly saturated. US represents the single largest market for ATMs, followed by Japan. Future growth in mature markets including the North America, Japan and Western Europe are likely to be spurred by growth in the replacement sales of ATMs. While the global installed base of 1650 thousand units swells each year, with major markets reaching the saturation level, new installations are likely to decline Y-o-Y.
San Jose, California (PRWEB) June 28, 2007 -- A new report titled "Automated Teller Machines: A Global Strategic Business Report", has been released by Global Industry Analysts, Inc. The report provides an extensive review of market trends, drivers, players and competition. The report also offers profiles of leading players and presents recent developments, mergers, acquisitions, as well as other strategic industry activities. Detailed analysis is provided for major geographic markets including United States, Canada, Japan, France, Germany, the UK, Italy, Spain, Asia, Latin America and the Middle East.
Automated teller machine has become a basic and an integral part of the consumer banking process. ATMs are considered to be "virtual branches" that offer 24/7 service. ATMs have successfully introduced a level of ease for the consumers. These days the consumer expects ATMs to do more than just handle cash withdrawals and balance inquiries. The customer wants to access more information and services from the ATM including viewing mini-statements, paying bills, PIN changes, mobile refilling, purchasing stamps or other dispensed items. With more companies than ever, determined to do more with ATMs, non-banking companies are exploring ways to make ATMs more like vending machines, selling ancillary products at a significant markup. On the other hand, banks are looking at more sophisticated Internet technology to enable video face-to-face customer assistance and e-commerce. Growth potential for new ATM installations comes primarily from emerging markets such as Asia-Pacific, the Middle East and Latin America. New deployments in Asia-Pacific are expected to grow at the rate of 4-5%. ATM sales in Europe account for approximately 28% of global ATM sales.
Internet connectivity, high-definition video and the growing ubiquity of ATMs have sparked the imaginations of ATM manufacturers and deployers, who are busy devising new ways to use the ATMs for offering more products and services. Future automated teller machines (ATMs) will allow people to take out cash, download music from the Internet, buy greeting cards and toiletries, and check movie listings. Many banks throughout the world are making plans to offer Web-enabled ATMs.
Global ATM market includes players such as Diebold, NCR, Wincor Nixdorf, Fujitsu, Hitachi-Omron and Triton Systems competing against each other for their share of the revenue pie. Competition in the global ATM industry is largely driven by the availability and accessibility of ATM network, wider ATM connectivity, fast response time, and adaptability with other networks.
For more details about this research report, please visit www.strategyr.com/MCP-2903.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site www.StrategyR.com
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