As ATMs have transformed from simple machines to state-of-the-art systems with easy-to-use features over the past five decades, the ATM channel has grown into one of the strongest banking networks. (Click on the graph at left to expand.)
The growth is being fueled by the introduction of innovative features such as intelligent deposit, audio and video capabilities, touch-screen user interfaces, and increasing convergence with mobile devices.
Despite competition from mobile and other channels, analysts have recently predicted the growth trend for ATMs. The number of ATMs worldwide is expected to increase by more than 25%, from 2.6 million at the end of 2013 to about 3.3 million by 2017, according to projections by Mercator Advisory Group, a Maynard, Mass.-based research firm.
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