|[December 02, 2013]
Research and Markets: Global ATM Market 2012-2016: Both APAC and Africa are Considered as High Growth Regions
DUBLIN --(Business Wire)--
Research and Markets (http://www.researchandmarkets.com/research/b5j6gb/global_atm_market)
has announced the addition of the "Global
ATM Market 2012-2016" report to their offering.
The analysts forecast the Global ATM market to grow at a CAGR of 6.36
percent over the period 2012-2016. One of the key factors contributing
to this market growth is the growth in the APAC region and Africa in ATM
installations. The Global ATM market has also been witnessing the
increase in security measures for ATMs. However, the increase in online
mobile cash transfers and other modes of cash transactions could pose a
challenge to the growth of this market.
The key vendors dominating this market space are Diebold Inc., NCR
Corp., Triton Systems of Delaware LLC, Wincr Nixdorf AG.
Other vendors mentioned in the report are Nautilus Hyosung Inc., Tidel
ATM Manufacturer Company, and WRG ATM Manufacturer Company.
Commenting on the report, an analyst from the team said: Despite the
presence of challenges, the Global ATM market is witnessing some
impressive trends in the market. There has been an increasing focus on
developing security measures for ATMs across the globe. On account of
increasing criminal activities in ATMs, such as skimming, card
trapping/fishing, currency trapping/fishing, logical/data attacks, and
physical attacks, banks across the globe are introducing new security
techniques and awareness programs among ATM consumers.
According to the report, the growth in the number of ATM installations
in regions such as APAC and Africa is expected to boost the demand for
more installations of the ATMs over the globe. Both APAC and Africa are
considered as high growth regions in the Global ATM market.
Further, the report states that a key challenge experienced by financial
institutions is securing their ATMs from skimming, cyber-attacks, ghost
ATMs, dummy ATMs, ram raids, theft of PIN IDs, and automated PIN
changes, SMS attacks, and malware or malicious software. The growing
usage of ATMs by customers for cash-related transactions attracts
hackers who engage in theft by skimming data from ATM devices.
For more information visit http://www.researchandmarkets.com/research/b5j6gb/global_atm_market
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