Industry Background:
Smart ATM is not any new device, it is just an old device with new features. As with the growing demand of the ATM in the financial industry. The manufacturers are funding on the smart features to enhance the consumer experience. Smart ATMs delivers some additional range of services to help their customers in time-saving, and also provide 24/7 access for banking when using a Smart ATM outside stores.This growth is primarily driven by Rising Preference for Card Less ATM Transactions, Transforming the Customer Experience and Growing Demand of Personalizing ATM Services to Customers.
Globally, a noticeable market trend is evident High Adoption of Contactless NFC Reader for ATM Such as the Uno-6, Uno-8 Or Interno. Major Players, such as DIEBOLD INC. (USA), Fujitsu (Japan), GRG Banking (China), Hitachi Payment Services (Japan), NCR Corporation (USA), Wincor Nixdorf AG. (Germany), OTI (Israel), Virtusa Corporation (United States), BNZ (New Zealand) and Westpac (Australia) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Rising Preference for Card Less ATM Transactions
- Transforming the Customer Experience
- Growing Demand of Personalizing ATM Services to Customers
Market Trend
- High Adoption of Contactless NFC Reader for ATM Such as the Uno-6, Uno-8 Or Interno
Restraints
- High Cost as Compares to Traditional ATM
Opportunities
Rising demand for advanced capabilities considering cash recycling and intelligent deposit as a major role in networking with banks and ATM more efficient and available to consumers, who are far from their systems.
Challenges
Lack of Consumer Awareness
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Smart ATM Study Sheds Light on
The Smart ATM Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Smart ATM industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Smart ATM industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.