The market across China dominated in 2020 and is expected to maintain its leading position throughout the forecast period. However, the market across the Philippines is expected to manifest the highest CAGR during the forecast period.
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Allied Market Research published a research report on the Asia-Pacific ATM market. The research shows that the Asia-Pacific ATM market $6.38 billion in 2020, and is projected to garner $9.46 billion by 2030, registering at a CAGR of 4.1% from 2021 to 2030. The research offers detailed information about market dynamics, top investment pockets, competitive scenarios, and major segments for major market players, new market entrants, investors, and shareholders.
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Pramod Borasi, Senior Analyst, BFSI at Allied Market Research, said, “Rise in demand for ATMs, the trend of automation in developing countries, and convenience offered by ATMs and facility of wireless communication have boosted the growth of the Asia-Pacific ATM market. However, the risk of fraud and the advent of online banking services among people hinder market growth. On the contrary, untapped demand from emerging countries and the use of novel technologies such as contactless payments, QR codes, and touch screens would open new opportunities in the future.”
The study provides an in-depth analysis of drivers, restraints, challenges, and opportunities to help market players and investors to devise growth strategies and capitalize on opportunities.
The study provides a comprehensive analysis of the impact of the Covid-19 pandemic on the savory ingredient market globally. The report is vital for new entrants, investors, and market players to formulate business strategies as per the current market trends and scenarios and help improve the business model for the future.
The report offers detailed segmentation of the Asia-Pacific ATM market on the basis of solution type, deployment solution, type, and country. This analysis is vital for market players to understand the fastest-growing segments and largest revenue-gathering segments during the historic and forecast period.
By deployment solution, the offsite ATMs segment held the largest share in 2020, due to reduced hurdles faced by consumers during cash withdrawal and other financial transactions. However, the mobile ATM segment is expected to register the highest CAGR during the forecast time.
By type, the smart ATMs segment is projected to portray the highest CAGR during the forecast period. By country, the market across China dominated in 2020 and is expected to maintain its leading position throughout the forecast period. However, the market across the Philippines is expected to manifest the highest CAGR during the forecast period.
The key market players of the Asia-Pacific ATM market are analyzed in the report such as Diebold Nixdorf, Incorporated, Euronet Worldwide Incorporation, Fujitsu Ltd, GRG Banking Equipment Co. Ltd., Hitachi-Omron Terminal Solutions Corporation, Hyosung, NCR Corporation, Next Payments Pty Ltd, Shenzhen Yihua Computer Co., Ltd, and CASH2GO ATMs.
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