News

Study released: 'Global ATM Market 2011-2015'

May 11, 2012

Research aggregator Research and Markets today announced the addition of the publication of "Global ATM Market 2011-2015." The report is offered by TechNavio, an arm of London-based Infiniti Research.

In the report, analysts forecast a combined annual global growth rate of 6.7 percent from 2011 to 2015, driven by strong economic growth in developing countries. Growth is marked by the introduction of innovative ATM features to meet evolving market demands. Key vendors in the space include Triton Systems of Delaware LLC, Diebold Inc., NCR Corp., and Wincor Nixdorf AG, the study said.

"The changing habits of bank customers are influencing the emergence of a cashless society and a self-service model that is gaining immense popularity," said an analyst from the TechNavio hardware team. "Further, the rise of branchless banking is likely to increase the significance of ATMs for banks because the real estate costs and the cost of operating a branch network have become very expensive in urban areas."

According to the report, the strong and continuous economic growth of developing countries in the Asia-Pacific region is a significant component in the expansion of the global ATM market. By 2015, the APAC region will account for huge number of new installations and China will be the largest ATM market, the study said.

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