Automated Teller Machines - Global Strategic Business Report

Global installed base of Automated Teller Machines (ATMs) is projected to exceed 4.6 million units by 2020, driven by increased use of ATMs for cash withdrawals in developing countries coupled with technology developments that make these machines multi-functional. Automated Teller Machines (ATMs) represent one of the most flexible banking products in use today. ATMs, developed primarily to cut operational costs, have become one of the most significant technological investments made by commercial banks. The ATM ecosystem comprises a large number of business entities that function in unison to develop and expand the concept of 24/7 banking. This includes ATM manufacturers; software companies that develop ATM software; companies manufacturing stationery products to print receipts; and lock manufacturers developing latest locking systems for security. Despite the threat to the ATM/debit card market from smart cards, POS, and other new payment methods, ATMs will continue to be a trusted standard in banking operations. The ever-growing need for speed and convenience and the unchallenged dominance of cash as a mode of payment supported by its attributes of universality, trust and anonymity represent primary factors for the market’s strong evolution over the years. Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications" web site. View the report: Automated Teller Machines - Global Strategic Business Report.