Next-Gen ATM Market: Trends & Opportunities with Forecast 2020 - 2030

-

Global Next-Gen ATM Market: Introduction

The next-gen API app model for ATMs was launched by ATM Industry Association. The model was developed for an industry whose installed base comprises more than 3.2 million ATMs around the world. According to ATM Industry Association, more than 180 global ATM companies participated in the development of the next-gen model. Next-gen ATMs will enable consumers to transact at ATMs for cash and value-added services via their mobile devices.Global Next-Gen ATM Market – Dynamics

Increasing preference for customized financial services

Customer preferences vary widely in the current BFSI market scenario. Next-gen ATMs help banks and financial institutions to customize, personalize, and add more value to their services for customers. Next-gen ATMs help banks to provide value-added ATM services with best security practices.

Unawareness and Poor BFSI System Infrastructure

South America and Asia Pacific which are fast growing regions, face strong technological and digital gaps within the BFSI industry. The level of awareness among small and medium financial institutions is comparatively low in countries such as Indonesia, Vietnam, Paraguay, and other countries. Network infrastructure and the minimum requirement to smoothly run next-gen ATMs at remote locations is not very effective in these regions. Unawareness about next-gen ATMs and poor network infrastructure is thus hampering the growth of the market.
Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report

North America to Dominate the Global Next-Gen ATM Market

In terms of region, the global next-gen ATM market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the next-gen ATM market during the forecast period due to strong adoption of new BFSI technology within the region.

COVID-19 Impact on the Global Next-Gen ATM Market

The COVID-19 pandemic is expected to moderately impact the global next-gen ATM market for a short-term period. The level of investment with regards to next-gen ATMs in BFSI has reduced due to the lockdown in almost every region, as it requires major capital investment. COVID-19 is expected to impact this market till the year end 2020.

Global Next-Gen ATM Market – Competition Landscape

  • In October 2018, ATM Industry Association officially launched and declared the next generation ATM architecture designed by the Consortium, open for global business. The launch will enable consumers to transact at ATMs for cash and value-added services via their mobile devices.

Comments

Post a Comment

Popular posts from this blog

Oil and Gas Terminal Automation Market: To Reflect Impressive Growth Rate By 2019 - 2027

-
  Global  Oil and Gas Terminal Automation Market : Overview A sturdy growth rate, compounded annually, will be recorded in the global oil and gas terminal market, states Transparency market Research (TMR), for the period of 2019 to 2027. It will be driven forward on to a high growth trajectory at the back of a number of growth factors. Some of these are low oil prices and growing demand for natural gas across a number of varied industry verticals. Demand for oil and gas will also be pushed up by growing population for its energy and fuel needs. This in turn will require more exploration, extraction, better storage and robust distribution. And, this again would lead to demand for oil and gas terminal automation. Therefore, the market will be rife with new opportunities of growth in this period. And, as per TMR, the players would do their best to make the most of these. Global Oil and Gas Terminal Automation Market: Competitive Landscape Global oil and gas terminal automation market is a
Read more

Military Land Vehicle Electronics Market: Latest Trends and Forecast Analysis up to 2019 - 2027

-
Global Military Land Vehicle Electronics Market – Introduction Military land vehicle electronics are used in military land vehicles to enable navigation, communication, and observation in the exchange of intra-vehicular or inter-vehicular information. They are used in the military to increase warfare capabilities in surveillance, intelligence, and reconnaissance missions. This is expected to enhance the demand for military land vehicle electronics across the world.  The growing trend of an open reference architecture system is augmented by an increasing need for military land vehicle electronics, which is turn is expected to fuel the market. Besides, armored fighting vehicles (AFVs) are equipped with networked information technology, so as to provide them with combat capabilities and optimal situational awareness. This in turn is expected to boost the military land vehicle electronics market over the forecast period. Key Drivers of the Military Land Vehicle Electronics Market
Read more

Impact Sensing Door Unlock System Market will Generate New Growth Opportunities By 2019 - 2027

-
  Impact Sensing Door Unlock System : Introduction The impact sensing door unlock system unlocks the door automatically without a key, it can be operated through a mobile application. The impact sensing door unlock system consists of sensors and an electronic control unit, wherein the sensors receive a signal from the wireless system and transmits that signal to the electronic control unit. The electronic control unit is wired to the central lock, which in turn unlocks or locks all the doors of the vehicle. Key Drivers of Impact Sensing Door Unlock System Market Rise in demand for safety and security features in a vehicle is estimated to boost the impact sensing door unlock system market. Every vehicle manufacturer is trying to boost the integration of advanced safety features, including center locking system with impact sensing door unlock system that is activated through a mobile application. This in turn is projected to fuel the demand for the impact sensing door unlock system. Incr
Read more