TechNavio recognizes the following companies as the key players in the Global ATM Market: Diebold Inc., NCR Corp., Triton Systems of Delaware LLC, and Wincor Nixdorf AG.
Commenting on the report, an analyst from TechNavio’s 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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-atm-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Global ATM Market 2012-2016
