Recent growth — particularly in the financial services space — has boosted its total US market share to 29 percent, the company says.
May 12, 2015
In "Global ATM Market and Forecasts to 2019," research and consulting firm RBR has designated Nautilus Hyosung America as the largest supplier of ATMs to the U.S. market, according to a Hyosung press release.
Nautilus Hyosung America has experienced rapid expansion in the U.S. over the past several years, with strong growth in the financial industry augmenting its existing position as the nation's No. 1 supplier of ATMs to IADs, the company said.
As a result, RBR found that Hyosung attained 29 percent market share in 2013, displacing NCR as No. 1, according to the release.
"At a time when banks are closing branches and subsequently contracting their ATMs, we have increased our ATM deployment in the United States," CEO Andrew Orent said in the press release. "RBR's report confirms our convictions that we are the market leader."
"Global ATM Market and Forecasts to 2019" is a comprehensive analysis of the development and future of the global ATM and cash dispenser market, according to the RBR website. The report covers 183 countries and is used by manufacturers, FIs, IADs, network operators, processors, professional services firms, and other suppliers to the financial services industry.
Hyosung Americas is a global human experience maker that bridges the physical and virtual worlds. We do this by harnessing our unique combination of a manufacturer’s soul with an innovator’s mindset to build a platform of integrated products, services, and ideas that improve life’s day-to-day interactions for everyone.