The ATM Market Growing at 5.49% CAGR, Globally, Says 2016 Report

PUNE, India, May 26, 2016 /PRNewswire/ --

The newly published report Global ATM Market - Insights and Analysis: Growth, Penetration and Demand Forecast to 2021 (By Value & Volume: Actual & Forecast By Region & Country; By Region-North America, Europe, APAC; By Country - USA, Canada, UK, China, India; Bitcoin ATMs; Company Analysis; Strategic Recommendations) says low penetration of ATMs in the emerging countries like India and China coupled with a growing banking population will facilitate the growth of ATM market.

Complete report on ATM Market spread across 125 pages providing competitive analysis of 6 companies and 70 figures is now available at http://www.reportsnreports.com/reports/560889-global-atm-market-insights-and-analysis-growth-penetration-and-demand-forecast-to-2021-by-value-volume-actual-forecast-by-region-country-by-region-north-america-europe-apac-by-country-usa-canada-uk-china-india-bitcoin-atms-company-analysis-strategic-recommendations-.html

ATM penetration in the emerging countries like India and China is low and hence the market holds a lot of potential for ATM manufacturers to capitalize on the gap in the market. The banking sector in the developing nations is still in the nascent stage of technological advancement in the form of ATM installation in the nations. The initiatives by the banks and the government to include larger part of the population in the banking system will create the needed demand.

The penetration rate of ATMs in these nations is far below the global average. With increasing demand for cash and low density of ATMs in the emerging nations it will be a strategic move to aggressively get a share of the market which is still large and untapped.  ATM market is driven by the pattern in the currency demand in the Banking Industry. The main factor driving the ATM market is the competition among the banks to provide convenient banking to its customers.  

ATM market is a growing market with the increasing demand of machines in the financial sector. Globally, ATM market has seen moderate pace of growth over the last five years on account of increasing number of people being incorporated in the banking system in  different regions. During 2016-21, Global ATM Market is anticipated to grow at moderate rate on account of more banking population and technological advancements in the equipment.