China and India to lead World ATM Market Growth Says New Report

April 8, 2010 - PRLog -- The report “World Automated Teller Machines Markets” available at www.reportbuyer.com/go/FRS00482 provides a detailed market trend analysis including drivers and restraints, expansive revenue forecasts analysis for each of the geographic segments, revenue and unit shipment forecasts for both on-premise and off-premise ATMs to facilitate better understanding of the current and future market potential, and the competitive landscape and market shares of global companies along with the current installed base of ATMs.

According to the 69 page report, the world ATM markets are expected to witness continued growth in the coming years, thanks largely to the increasing demand from China, India, and other developing regions such as Latin America and Central and Eastern Europe. China and India are likely to be at the forefront of this growth, as ATMs are becoming an increasingly important component of the distribution channel. Industry experts believe that China would eventually become the world's largest market for ATMs. Although India's installed ATM base is lesser than China's, it is growing at a phenomenal rate of over 100 percent year-on-year. Given such potential, vendors are focusing on manufacturing ATMs locally in order to maximize customer service, address cost concerns, and gain a superior understanding of the local market dynamics.

Overall, the world ATM market grew at the rate of 6.2 percent in 2007 in terms of unit shipment, compared to the 5.7 percent growth in 2006. While the world off-premise ATM market grew at the rate of 7.0 percent in 2007 in terms of unit shipment, the world on-premise ATM market grew at the rate of 5.6 percent. On-premise ATMs have become more advanced with respect to their functionality

The report “World Automated Teller Machines Markets” is available from Report Buyer at:
http://www.reportbuyer.com/banking_finance/atm/world_auto...
   
Report Buyer product ID: FRS00482

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