Market Research Report
Asia-Pacific ATM Market by Solution Type, Deployment Solution, and Type : Opportunity Analysis and Industry Forecast, 2021-2030
|Asia-Pacific ATM Market by Solution Type, Deployment Solution, and Type : Opportunity Analysis and Industry Forecast, 2021-2030|
Published: July 1, 2021
Allied Market Research
Content info: 180 Pages
Delivery time: 2-3 business days
ATM is an electronic telecommunication device, which offers services to customers in terms of financial transactions such as deposits & withdrawals, account information & transfer of funds, without the physical involvement of bank staff. Continuous innovations in ATMs have made current ATMs more advanced as compared to the first-generation ATMs. With rise in customer demand for mobility and do-it-yourself banking, the ATM market is anticipated to continue to grow in the coming years. Presently, ATMs have become the most powerful asset for the financial institutions to serve their customers 24X7. In many developing countries such as India, China, Indonesia, and others; customers prefer cash as their first choice of making payments due to the convenience factor. With the advancements in technology, customers are seeking for faster, reliable, secure, and convenient means of accessing cash, which is a key factor contributing toward the growth of the Asia-Pacific ATM market.
Increase in demand for ATMs, provide convenience to customers by availing 24/7 service, facility of wireless communication in smart ATMs, and rising trend of automation are the major factors that drive the growth of the Asia-Pacific ATM market. Moreover, possibility of frauds, and emergence of online banking service among the people hampers the growth of the market. Furthermore, untapped demand from emerging countries, and implementation of technologies in ATMs such as contactless payments, QR codes, and touch screens are expected to provide lucrative opportunities for the Asia-Pacific ATM market expansion during the forecast period.
The Asia-Pacific ATMs market is segmented on the basis of solution type, deployment solution, type, and country. In terms of solution type, it is segregated into deployment solutions, and managed services. By deployment solution, it is further classified into onsite ATMs, offsite ATMs, worksite ATMs, and mobile ATMs. By type, it is categorized into conventional ATM, brown label ATM, white label ATM, smart ATM, and cash dispensers ATM and smart ATM. Country wise, it is analyzed across China, Japan, India, Australia, Indonesia, Thailand, Malaysia, Philippines and Rest of Asia-Pacific.
The key players profiled in the market report are Diebold Nixdorf, Incorporated, Euronet Worldwide Incorporation, Fujitsu Ltd, GRG Banking Equipment Co. Ltd., Hitachi-Omron Terminal Solutions Corporation, Hyosung, NCR Corporation, Next Payments Pty Ltd, Shenzhen Yihua Computer Co., Ltd and CASH2GO ATMs. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
By Solution Type
By Deployment Solution
FIGURE06.LOW-TO-HIGH BARGAINING POWER OF BUYERS