China's ATM Market Report for 2008.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/research/8c5951/china_atm_automat) has announced the addition of the "China ATM (Automatic Teller Machine See ATM. ) Market Report, 2008" report to their offering. By the end of 2007, the number of networked ATM machines (Automatic Teller Machine machine) A banking terminal that accepts deposits and dispenses cash. ATMs are activated by inserting a cash or credit card that contains the user's account number and PIN on a magnetic stripe. has reached 123,000 units in China, where the compound average growth rate of ATM machines was 20.22% in the past five years, and meanwhile China's total number of ATM machines has reached 138.000 units. The number of ATM machines per million of people in China rose to 96 units in 2007 from 75 units in 2005. Compared with the world's average number of 240 ATM machine per million of people, China's ATM market is still in a period of rapid growth, and has a large space for development. In 2007, cash recycling recycling, the process of recovering and reusing waste products—from household use, manufacturing, agriculture, and business—and thereby reducing their burden on the environment. system had the rapidest growth, and its market share increased to 35.90% from 10% in 2006 in ATM market. With social-economic development, people are no longer satisfied with ATM, by which they can only withdraw money, and they hope they can deposit cash easily by ATM. Especially with the fast growth in use of credit cards in recent years, many credit card holders hope that they can repay by ATM. Therefore, banks are requested to install more cash recycling systems. It is forecasted that cash recycling system market will continue to grow rapidly in 2008. In 2007, ATM market was still dominated by foreign companies like Diebold, NCR (NCR Corporation, Dayton, OH, www.ncr.com) A technology company specializing in financial terminal transactions, retail systems and data warehousing. Until the late 1990s, NCR was heavily invested in the hardware side of the industry, known worldwide as a major manufacturer of computers and Wincor Nixdorf Wincor Nixdorf (FWB: WIN) is a corporation that provides retail and retail banking hardware, software, and services. Wincor Nixdorf is engaged primarily in the sale, manufacture, installation and service of self-service transaction systems (such as ATMs), retail banking equipment . However, the market has begun inclining in·cline v. in·clined, in·clin·ing, in·clines v.intr. 1. To deviate from the horizontal or vertical; slant. 2. To be disposed to a certain preference, opinion, or course of action. to local ATM machines gradually. Some local brands, for instance, such as GRGBanking and KingTeller have developed rapidly recently. In 2007, China's brands took up more than 30% of total ATM market, a big rise from 20% posted in 2006. ATM market has high market entry barriers in terms of technology and funds. With its advantages in client resources and channels of banks, Hengbao in cooperation with LG started to enter ATM industry in 2007 and is expected to grab a certain market shares starting from 2009, when GRGBanking, KingTeller and Hengbao will be the key local ATM manufacturers in the market. The report is based on the authoritative statistics from the National Bureau of Statistics, the China UnionPay China UnionPay (Simplified Chinese: 中国银联), also known as UnionPay (Chinese: 银联) or by its abbreviation, CUP , the China Banking Association, the People's Bank of China The People's Bank of China (PBC or PBOC) (Simplified Chinese: 中国人民银行; Traditional Chinese: and the State Information Center, as well as information from Tremont Capital Group, NBR NBR Number NBR Nightly Business Report (PBS show) NBR National Business Review (New Zealand weekly business newspaper) NBR National Bureau of Asian Research NBR National Board of Review and ATMIA ATMIA ATM Industry Association . Key Topics Covered: China ATM Industry Development - Current status of ATM industry - Upstream From the consumer to the provider. See downstream. (networking) upstream - Fewer network hops away from a backbone or hub. For example, a small ISP that connects to the Internet through a larger ISP that has their own connection to the backbone is downstream from the larger and downstream sector of ATM industry - Technical features and development trend of ATM Global ATM Industry Development - Global ATM market - American ATM market development - Foreign ATM market operation modes China ATM Market - Overview of China ATM market - China ATM market size - Competition pattern of China ATM market - Analysis of China ATM operation Business Operation of China ATM Manufacturers - Anxun (Beijing) Banking Equipment System Co., Ltd. - Diebold - Oki Electric Industry (Shenzhen) Co., Ltd. - GRGBanking - Mercuries System Equipment(Nanjing)Ltd. - Guangzhou KingTeller Technology Co.,Ltd. - Hengbao Investment Opportunities of China ATM Market - Risks - Opportunities - Investment strategies Companies Mentioned: - Anxun (Beijing) Banking Equipment System Co., Ltd. - Diebold - Oki Electric Industry (Shenzhen) Co., Ltd. - GRGBanking - Mercuries System Equipment(Nanjing)Ltd. - Guangzhou KingTeller Technology Co., Ltd. - Hengbao For more information visit http://www.researchandmarkets.com/research/8c5951/china_atm_automat |
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