Offsite and mobile ATMs are giving consumers access to Money in physical form such as banknotes and coins. More and banking services in areas where these were previously difficult to come by, triggering the demand for cash machines. Thanks to this deployment, ATMs are increasingly becoming available in rural and remote areas or in convenient locations such shopping malls, trade fairs or sporting events. Indeed, because of the technological developments in this sector and the growing availability of ATMs in previously harder-to-reach areas, the ATM Market is expected to grow to exceed USD 25 billion by 2024, a Global Market Insights report finds.
Another factor influencing this forecasted growth will be the replacement of ageing machines in developed markets such as Western Europe and the U.S.
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