News

2.6 million financial kiosks, ATMs to be deployed by 2013

May 19, 2009

OYSTER BAY, N.Y. — According to a new report released by NextGen Research, global markets for financial kiosks and enhanced ATMs will grow at a compound annual rate of 9 percent, to include more than 186,000 financial kiosks and nearly 2.5 million ATMs by 2013.

Some key kiosk applications, according to NextGen, that are currently in use include:

Self-service check-out in retail stores
Photographic printing
Self-check-in at airports, hotels and car-rental locations
Bill payment in utilities, retail stores and bank lobbies
DVD rentals
Ticket issuance in transportation systems and movie theaters
Municipal applications such as parking ticket payment, tax collection and vehicle registration renewals
Voting and customer surveying
Human resources and recruitment
Prepaid cellular and prepaid card replenishment

In its new report, "Next Generation Financial Kiosks: No Bank, No Card, No Envelope Required,"NextGen Research expects more than half all of the new financial kiosks and ATMs to be deployed in the United States.

"The factors driving growth in this sector include consumers' ever-increasing acceptance of ATMs; their growing comfort with the technology as ATMs grow increasingly ubiquitous; the declining cost of deploying an ATM; and the untapped potential of developing countries that will see soaring deployments," said Larry Fisher, research director of NextGen Research. "Coupling those factors with the changing dynamics of the consumer payment systems market, it's clear that kiosks and ATMs make good financial sense to both deployers and users."

The report takes a look at:

Market drivers and inhibitors
Detailed descriptions of self-service financial services applications and services
An examination of the regulatory and business challenges within this market
Profiles of leading- and cutting-edge financial kiosk manufacturers and deployers