Technavio analysts forecast the global automated teller machine (ATM) slide rails market to grow at a CAGR of 16% during the forecast period, according to their latest report.
The research study covers the present scenario and growth prospects of the global ATM slide rails market for 2016-2020. To calculate the market size, the unit shipments of the slide rails that are installed on a yearly basis in the ATMs have been considered.
Banks are looking for measures to reduce the cost of operations and with the introduction of the image enabled ATMs and self-service cash recycling machines, the banks can recycle and maintain cash automatically. As new cash dispensing machines are available, they not only reduce the overall manpower required by a bank but also help improve the efficiency of banks. With the introduction of such new machines, there has been revised demand for ATMs for a new market as well as for replacement market. Since ATMs are the de-facto end application for ATM slide rails, the demand for the ATM sites directly affects the demand for ATM slide rails.
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