NEWSWIRETODAY Press Release& Newswire Distribution | HOME
MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Written by / Agency / Source: Frost & Sullivan
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

ATM Market Buoyed by the Regulations Mandating Upgrades to EMV-complaint Machines Finds Frost & Sullivan - New analysis from Frost & Sullivan, World Automated Teller Machines Market, finds that the market earned revenues of $4.3 billion in 2009 and estimates this to exceed $4.9 billion in 2015
ATM Market Buoyed by the Regulations Mandating Upgrades to EMV-complaint Machines Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Mountain View, CA, United States, 2010/05/03 - New analysis from Frost & Sullivan, World Automated Teller Machines Market, finds that the market earned revenues of $4.3 billion in 2009 and estimates this to exceed $4.9 billion in 2015.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Merchant Equip. / Service / ATM Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The focus on enhancing payment security and combating fraudulent activities will help the automated teller machine (ATM) market tide over the challenging economic conditions and even help it post modest growth rates over the next two to three years in most market segments. Currently, the key industry client (banks, credit unions, and other financial institutions) are working under considerable financial duress and are reluctant to make capital-intensive purchases such as ATMs and physical security products. The emphasis on EuroPay, MasterCard, Visa (EMV) and triple data encryption standard (3-DES) security standards is compelling companies to upgrade their ATMs.

New analysis from Frost & Sullivan (kiosks.frost.com), World Automated Teller Machines Market, finds that the market earned revenues of $4.3 billion in 2009 and estimates this to exceed $4.9 billion in 2015.

If you are interested in a virtual brochure on this study, please send an email to Sarah Saatzer, Corporate Communications, at sarah.saatzer[.]frost.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country.

"The card associations (Visa and MasterCard) are spearheading efforts to enhance ATM and electronic payment security by mandating the switch to EMV-compliant cards and machines," says Frost & Sullivan Industry Analyst Aravindh Vanchesan. "The switch to EMV and 3-DES standards has already increased ATM sales in Europe, Asia Pacific, and Latin America, where fraudulence is rampant."

Backed by their respective governments, several countries including the United Kingdom, France, Brazil, Malaysia, and Thailand have initiated national campaigns to upgrade their payment infrastructures with EMV-compliant ATMs. Even Central and Eastern Europe, China, Russia, India, and other major economies where installed base numbers are low and card use is on the rise have evinced keen interest in installing new, secure ATMs, despite the current economic climate.

Nevertheless, decline and delays in investments have compelled ATM vendors and independent sales organizations (ISOs) to re-calibrate their business strategies to match the lowered demand levels. While the U.S. market is the worst hit, banks all over the world are postponing or abandoning investments in IT technologies until the economic climate is more conducive.

With the U.S. and the western European markets reaching maturity, vendors should target emerging markets such as Asia Pacific and Latin America to increase revenues and remain profitable.

Vendors should also focus on manufacturing ATMs locally to maximize customer service, address cost concerns, and gain a superior understanding of the local market dynamics. The major vendors should continue to invest in additional sales, marketing, and R&D resources targeted toward these regions.

The market has benefited greatly from the convergence and integration of the various technologies and service platforms offered by financial institutions. ATMs have to work seamlessly with other technology tools such as kiosks, mobile phones, broadband, and online banking.

"Even as customers expect more personalized interaction with their banks, various service and marketing channels must be integrated and send the same message to customers to be effective," notes Vanchesan. "This multi-channel approach can go a long way in enhancing customer service at the ATM."

World Automated Teller Machines Market is part of the Kiosks & Retail Systems Growth Partnership Services program, which also includes research in the following markets: World EFT POS Terminals Market, World Self-Checkout Systems Market, World Retail Software Market, Payment Systems in the Petroleum Market, and World Retail Printers Market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents.

World Automated Teller Machines Market / N73F

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Merchant Equip. / Service / ATM Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Merchant Equip. / Service / ATM articles,
CATCH Visitors via Your Competitors Announcements!


ATM Market Buoyed by the Regulations Mandating Upgrades to EMV-complaint Machines Finds Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Sarah Saatzer 
210.477.8427 sarah.saatzer[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Merchant Equip. / Service / ATM via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Merchant Equip. / Service / ATM Most Recent Related Newswires:

PenFed Credit Union Expands Partnership with NCR’s Cardtronics to Provide Members Cash Deposit Capability through Allpoint ATMs
NCR Corporation Named a Top Financial Technology Provider in the 2021 IDC FinTech Rankings
TruMark Financial® Credit Union Partners with NCR Corporation to Support Digital Transformation
Christian Financial Credit Union Partners with NCR Corporation for Superior Digital Banking Experience
NCR Recognized as Leader in RBR ATM Software 2021 Report
Javelin Strategy & Research Names NCR Terafina Overall Leader in 2021 Small Business Digital Account Opening Scorecard
U.S. Century Bank Selects NCR to Transform Digital Banking for Consumers and Businesses
Moneris and BMO Optimize the Business-to-business Payment Process for Canadian Businesses
IKEA Wins Retail Technology Award for Best Artificial Intelligence Application with Self-checkout Solutions Powered by Diebold Nixdorf
NCR Recognized as a WW Leader in IDC MarketScape for Point of Sale Applications for Fast Casual & Quick Service Restaurants, 2020-2021
Foley Trasimene Acquisition Corp. II and Paysafe, A Leading Global Payments Provider Focused on Digital Commerce and iGaming, Announce Merger
Wintrust Selects NCR Digital First Banking Platform
NCR Named a Top Financial Technology Provider in the 2020 IDC FinTech Rankings
Diebold Nixdorf and Nielsen Explore the Motivations and Preferences Behind Retail Technology Adoption by Grocery Shoppers around the Globe
First Horizon Bank Moves Digital Banking Platform to NCR

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  RightITnow, Inc.





 
  ©2021 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are proudly NOT affiliated with USA TODAY (usatoday.com)