
Over the past years, automated teller machines (ATMs) have become a commonly accepted way to carry out varying transactions including withdrawal of cash, account deposits, balance updates, bill payments and bookings. The highest growth in the number of ATMs being installed has been recorded in Asia Pacific region driven by factors such as more cash in circulation, lower cost of ATM hardware, aggressive deployment of new technologies and desire for self-service. Countries like China, India and Indonesia offer a huge opportunity for ATM market as these are considered as cash growing markets with expanding middle class. Other regions like Middle East & Africa, Central and Eastern Europe also witnessed a moderate growth except North America that contracted in 2011. In developed markets like North America, Western Europe and Australia/New Zealand, growth will be driven by demand for replacement units.