ATM Market (Automatic Teller Machines Market) Report, published by Allied Market Research, forecasts that the global market is expected to garner $21.9 billion by 2020, registering a CAGR of 7.7% during the forecast period 2015-2020. Integration of wireless communicating devices (smart phones) with ATM machines has reduced ATM frauds arising due to card skimming. This factor has significantly fostered the adoption of smart ATMs, which has consequently fuelled the growth of the world ATM market. According to the Federal Reserve System, the ATM market in developed countries, such as the U.S., the U.K., Canada, and France has attained maturity, while the Reserve Bank of India forecasts a rapid growth of the ATM markets in the emerging countries.
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