According the report, Use of Biometrics in ATM is one of the primary growth factors for the market. Increasing Number of Bank Account Holders
is also expected to contribute significantly to the Solar Powered ATM market. Overall, applications of Solar Powered ATM, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Solar Powered ATM market identified that the demand is rising in many different parts of the world as "Less Explored and Low Penetration of Debit Cards in Tier 2, Tier 3 and Rural Markets in Asia Pacific Region". Furthermore, some recent industry insights like "In 2019, Hitachi Payment Services Pvt Ltd., provider of technology enabled payment solutions has announced acquisition of almost 26% stakes in SBI Payment Services (SPS). Along with this, HPSPL and SBS has announced joint venture to explore advanced digital card payment acceptance solutions, UPI, QR code, etc." is constantly making the industry dynamic. One of the challenges that industry facing is "Upgrading the Old ATM Infrastructure requires Reasonable Cost"
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Solar Powered ATM market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Solar Powered ATM market and other related sub-markets covered in the study.
o Key & emerging players in the Solar Powered ATM market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Solar Powered ATM market size is calculated using market estimation process, the Solar Powered ATM market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Solar Powered ATM market size has been validated using both top-down and bottom-up approaches.