Albany, NY (PRWEB) December 23, 2014
According to the research report, China’s ATM market is expected to register an annual growth rate of approximately 20% during the forecast period of 2014 to 2018 and the nation is projected to maintain this pace for the next three to five years.
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The report studies the global as well as Chinese ATM market and tracks its progress at various stages. In terms of the global ATM industry, along with a comprehensive overview, the report also provides insightful data on the historical as well as current status of the ATM industry and trends impacting it, with special reference to European and American markets. While assessing the Chinese ATM market, the research study examines the competitive landscape, market size, the operation industry, and purchase of ATMs by major banks in China.
According to the report, China has earned its position of being the largest ATM market across the globe, surpassing even America. By the end of 2013, there were 520,000 ATM sets in the banking network in China, compared to previous year’s 415,600 ATM sets. In terms of growth rate, in 2013, the China market registered a 25.12% CAGR, in contrast to previous year’s 24.21%.
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As far as ATM per capita is concerned – keeping in mind China’s 1.36 billion population – 307 ATM sets were allocated per million people in 2012, which rose to 382 sets. This number is much greater than the global average of 346 ATM sets per million. Despite this, China still lags behind America and Europe. While Europe allocates 786 ATM sets per million, America has 1,376 sets for every million people.
Highlighting the dominant players within the China ATM industry, the research report divides the competitive landscape section into key global ATM manufacturing companies and major Chinese ATM manufacturing enterprises.
The leading global ATM vendors analyzed in the report are Hitachi, Ltd., Anxun (Beijing) Financial Equipment System Co., Ltd., Wincor Nixdorf International GmbH, Diebold Financial Equipment Co., Ltd., and Oki Electric Industry Co., Ltd. These enterprises are evaluated on aspects such as company profile, business performance, ATM business in China, and business revenue composition.
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In terms of domestic ATM manufacturing companies, the prominent players mentioned in the report are Eastcom Communications Co., Ltd, Cashway Technology Co., Ltd, Shenzhen Yihua Computer Co., Ltd, Digital China Jinxin Technology Co., Ltd, GRG Banking Equipment Co., Ltd, and Guangzhou King Teller Technology Co., Ltd. The Chinese ATM market report assesses these companies in terms of company profile, operation conditions, business profile, main business composition, and ATM business development.
According to the research report, Yihua Computer, GRG Banking, NCR, Hitachi, and Diebold dominated the Chinese ATM market in 2013 in terms of sales. Among these, GRG Banking led the pack, accounting for 23.28% of the Chinese market and selling 19,940 units in 2013 alone. The company is expected to maintain its leading position like it has for the last six years.
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