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TMCNet:  Research and Markets: Global ATM Market 2012-2016: Both APAC and Africa are Considered as High Growth Regions

[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 ( 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.

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