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ATM Machines Headed for $20b Market |
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Written by Mike Buetow
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Tuesday, 21 March 2006 |
NORWALK, CT -- The global market for self-service machines, nearly
$11.3 billion in 2005, will reach $24 billion by 2010, an average annual growth
rate of 17%. According to BCC Research, the global number of
machines in service will grow from 2.1 million last year to 2.8 million by 2010,
an AAGR of 6.1%.
Automated teller machines (ATMs) and vending machines will continue to be the
driving force for this market; the history and technology is long-standing and
well-tested, and consumers will continue to show their support. An offshoot of
the ATM, the self-service kiosk provides information to users instead of
currency. These kiosks will begin to take off through the forecast period as well, as more consumers worldwide
recognize their versatility and cost efficiency, BCC said.
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