The Global Installed Base of ATMs is Projected to Exceed 4.3 Million Units by 2024
Convenience of Anytime Cash Withdrawals Together with the Ability to Conduct Non-Cash Banking Transactions to Drive the Global Market for Automated Teller Machines (ATMs), According to New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Automated Teller Machines (ATMs) market. The global installed base of ATMs is projected to exceed 4.3 million units by 2024 , driven by technological advancements, unchallenged dominance of cash, and revolution in ATM functionality due to mobile technology. Globally, the need for cash withdrawals is expected to outpace installations of ATMs, driven by high volume of withdrawals in emerging markets. Despite the trend of cashless transactions in major societies, developing markets are expected to register a rise in ATM usage generating high volume of cash withdrawals. The ATM ecosystem comprises a large number of bus...