III. Industry Analysis
Even in the age of credit cards and cryptocurrency, cash is still king. There are many establishments that still only take cash and other situations where cash is a more convenient form of currency than credit cards or checks. Therefore, ATMs are still essential pieces of equipment that help keep the global economy strong.
According to Grand View Research, the global ATM market was valued at $20.18 billion last year and is expected to grow at a compound annual growth rate of 4.9% over the next 10 years. This shows that ATMs are still essential and in demand. Banks need ATMs to provide their customers with convenient services and customers need conveniently located ATMs to help them with their purchases if their cards are not accepted. By no means are ATMs going away anytime soon, which means that businesses like [Company Name] have a great chance at succeeding.
