Automated Teller Machines (ATMs) - Global Strategic Business Report

Automated Teller Machines (ATMs) - Global Strategic Business Report

Global Industry Analysts, Date of Publication: Aug 13, 2014, 247 Pages
US$4,950.00
GIA-MCP2903

Global installed base of Automated Teller Machines (ATMs) is projected to exceed 4.6 million units by 2020, driven by increased use of ATMs for cash withdrawals in developing countries coupled with technology developments that make these machines multi-functional.

Automated Teller Machines (ATMs) represent one of the most flexible banking products in use today. ATMs, developed primarily to cut operational costs, have become one of the most significant technological investments made by commercial banks. The ATM ecosystem comprises a large number of business entities that function in unison to develop and expand the concept of 24/7 banking. This includes ATM manufacturers; software companies that develop ATM software; companies manufacturing stationery products to print receipts; and lock manufacturers developing latest locking systems for security. Despite the threat to the ATM/debit card market from smart cards, POS, and other new payment methods, ATMs will continue to be a trusted standard in banking operations. The ever-growing need for speed and convenience and the unchallenged dominance of cash as a mode of payment supported by its attributes of universality, trust and anonymity represent primary factors for the market’s strong evolution over the years.

Future growth in the market will be driven by robust installations in emerging markets and replacement demand in developed countries where older ATMs will be replaced with advanced machines. In addition, the steady political thrust in the form of EMV (Europay-MasterCard-Visa) and 3-DES (triple data encryption standard) specifications, technical innovations, rapid advances in the form of intelligent deposit, and solutions that integrate mobile-banking with the self-service ATM channel will also drive significant market gains in the next few years.

This report analyzes the worldwide markets for Automated Teller Machines (ATMs) in Thousand Units. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America. Annual estimates and forecasts are provided for the period 2013 through 2020. Also, a seven-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 34 companies including many key and niche players such as -

Diebold, Inc.
Euronet Worldwide, Inc.
Fujitsu Frontech Limited
GRG Banking Equipment Co. Ltd.
Hantle USA

More information can be obtained upon the request of sample pages.


TABLE OF CONTENTS

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

      Study Reliability And Reporting Limitations                       I-1
      Disclaimers                                                       I-2
      Data Interpretation & Reporting Level                             I-2
       Quantitative Techniques & Analytics                              I-3
      Product Definitions and Scope of Study                            I-3


 II. EXECUTIVE SUMMARY

  1. INDUSTRY OVERVIEW                                                  II-1
      Automated Teller Machines (ATMs): An Omnipresent Modern
       Convenience                                                      II-1
       Table 1: World Automatic Teller Machine Market by Geographic
       Region (2013): Percentage Breakdown of Off-Premise and
       On-Premise ATM Deployments for Asia Pacific, Central &
       Eastern Europe, Latin America, Middle East and Africa, North
       America and Western Europe (includes corresponding
       Graph/Chart)                                                     II-3

       Table 2: Annual Usage of Banking Channels Worldwide: Ranked
       by Customer Preference (includes corresponding Graph/Chart)      II-4
       Modern ATMs: Much More than Just Cash Dispensing Machines        II-4
        Table 3: Factors Influencing ATM Channel Integration:
        Percentage Breakdown by Attribute (includes corresponding
        Graph/Chart)                                                    II-5
      Recession in Retrospect and the Road Ahead                        II-5
       The 2007-2009 Recession                                          II-5
       Reviving Global Economy Stimulates Demand for ATMs               II-6
        Table 4: Economic Growth (%) Worldwide by Region: 2011-2014E
        (includes corresponding Graph/Chart)                            II-8
       Encouraging Outlook for Financial Services Signal Growth         II-8
       Outlook                                                          II-9
      Competitive Landscape                                             II-10
       Intense Competition on the Cards for the Market Leaders          II-10
        Table 5: Leading Players in the Global ATM Market (2013):
        Percentage Market Share Breakdown of Volume Sales for
        Diebold Incorporated, NCR Corporation, Wincor and Others
        Financial Services Industry Witness Consolidation Trends
        (includes corresponding Graph/Chart)                            II-10
       Financial Services Industry Witness Consolidation Trends         II-11
        Table 6: Global ATM Deployments at Non-Bank Locations
        (2013): Percentage Breakdown of Units for Convenience
        Stores, Department Stores, Drug Stores, Fast Food Centers,
        Grocery Stores, Malls and Others (includes corresponding
        Graph/Chart)                                                    II-11
       Multi-Vendor ATM Software: The New Norm                          II-11
        Table 7: Global ATM Multi-Vendor Software Utilization by
        Number of ATMs (2008, 2013 & 2018F) (includes corresponding
        Graph/Chart)                                                    II-12

        Table 8: Leading Providers of ATM Multi-Vendor Software
        (2013): Percentage Share Breakdown of Volume Sales for NCR,
        Shenzhen Zijin, Wincor Nixdorf and Others (includes
        corresponding Graph/Chart)                                      II-13

        Table 9: Factors Influencing the Shift in ATM Software:
        Percentage Share Breakdown by Significance (includes
        corresponding Graph/Chart)                                      II-13
       Demand for Multiple Services Transform ATM System Functionality  II-13
       Independent ATM Deployers (IADs) to Essay Significant Role       II-14
        Key Challenges for IADs                                         II-14
       Shared Regional ATM Networks Resorting to Mergers and
        Acquisitions                                                    II-15
       Other Significant Trends                                         II-15

  2. MARKET TRENDS, ISSUES & DRIVERS                                    II-16
      Unchallenged Dominance of Cash: A Strong Growth Driver            II-16
       Table 10: Factors Influencing Use of Cash: Percentage
       Breakdown by Consumer Preference (includes corresponding
       Graph/Chart)                                                     II-16

       Table 11: Growth in Cash as a Payment Instrument in Select
       Countries: CAGR for the Period 2000-2011 (includes
       corresponding Graph/Chart)                                       II-17
      Mobile Technology Revolutionizes ATM Functionality                II-17
       Opportunity Indicators                                           II-19
        Table 12: World Market for Mobile Handsets: Breakdown of
        Volume Sales in Million Units for Years 2011, 2013E & 2015P
        (includes corresponding Graph/Chart)                            II-19

        Table 13: Worldwide Mobile Penetration Rate (%) by
        Geographic Region: January 2014 (includes corresponding
        Graph/Chart)                                                    II-19

        Table 14: Worldwide Mobile Penetration (as a Percentage of
        Total Population) For Select Countries: January 2014
        (includes corresponding Graph/Chart)                            II-20

        Table 15: Global Mobile Phones Market: Percentages Share
        Breakdown of Shipments by Feature Phones and Smartphones for
        the Years 2010 through 2015P (includes corresponding
        Graph/Chart)                                                    II-20
       Mobile Users Top up Pre-Pay Phone Accounts via ATMs              II-21
       Increasing Sales of Smartphones Promote ATM- Mobile Convergence  II-21
        Table 16: Global Market for Smartphones: Volume Sales in
        Million Units for 2011, 2013, 2015 & 2018 (includes
        corresponding Graph/Chart)                                      II-23

        Table 17: World Smartphone Penetration for Select Countries
        (as a Percentage of Mobile Phone Users): 2013 (includes
        corresponding Graph/Chart)                                      II-23

        Table 18: Worldwide Smartphone Penetration (as a Percentage
        of Total Population) for Select Countries: January 2014
        (includes corresponding Graph/Chart)                            II-24
       Contactless ATM Transactions: The Future of Banking              II-24
       Contactless Card Readers                                         II-25
      Robust Branch Automation Initiatives Offer Significant Growth
       Opportunities                                                    II-25
       Video Teller Machines to Head Branch Transformation              II-26
       The Rise of Personal Teller Machines to Improve Operational
        Efficiency                                                      II-27
      Technology Advancements: Spearheading Growth                      II-27
       Remote Deposit Capture: A New Technology to Expedite Deposits
        at ATM                                                          II-28
       Improved Data Storage and Transmission Reduce ATM Service Costs  II-28
        ATM Virtualization                                              II-29
        Cloud Technology to Slash Data Storage Costs                    II-29
        4G-Connectivity to Improve ATM Efficiency                       II-29
       Triple DES and RKT Technologies                                  II-30
        Requirements for Triple DES                                     II-30
         Software                                                       II-30
         Encrypting PIN Pad (EPP)                                       II-30
       Web-Based Technology                                             II-30
       Wireless Technology in ATMs                                      II-31
       Talking ATMs for Visually Handicapped                            II-31
       Novel ATM Technologies for Target Marketing                      II-31
       ATM Design Innovations                                           II-31
       Select ATMs with Innovative Features                             II-32
      Continuous Rise in Off-Premise ATM Installations Worldwide
       Bode Well for the Market                                         II-33
       Table 19: Global Market for ATMs by Location (2013):
       Percentage Breakdown of Installed Base for Drive Through,
       Hall, Lobby, Off-Site and Through the Wall (includes
       corresponding Graph/Chart)                                       II-34
      ATM Security: Crucial to Improving Consumer Confidence            II-34
       Security Measures by Leading ATM Makers                          II-35
       Recent Biometric Advancements in ATM Security                    II-35
        Fingerprint Scanners                                            II-36
        Facial Recognition                                              II-36
        Iris Recognition                                                II-36
        Voice Recognition                                               II-36
        Alternative Technologies to Improve ATM Security                II-36
       ATM Fraud: A Global Menace                                       II-36
        Currency and Card Fraud                                         II-37
        Skimming                                                        II-37
        Card Trapping/Fishing                                           II-37
        Currency Trapping/Fishing                                       II-37
        Logical/Data Attacks                                            II-37
        Malware and Hacking                                             II-37
        Physical Attacks                                                II-38
       ATM Standards: Work in Progress                                  II-38
      Card-Based EACS: A Popular Choice of Access Control Strategy      II-38
       Banking & Financial Services: One of the Most Promising End-
        use Sector for Card Based EACS                                  II-39
      Expanding ATM Functionalities Enhance Self-Service Experience     II-40
       Two-Way Video Communications                                     II-40
       Two-Dimensional Bar Code Scanners                                II-40
       Additional Functionalities to Improve Revenue Streams            II-41
      ATM Cash Recycling to Gain Prominence                             II-41
      PCI DSS Compliance Promotes Windows 7 Migration of ATMs           II-42
       Table 20: Global Market for ATM Software by OS - Before XP
       EOL (2014): Percentage Breakdown of Volume Usage for XP and
       Others (includes corresponding Graph/Chart)                      II-42

       Table 21: Global Market for ATM Software by OS - After XP EOL
       (2014): Percentage Breakdown of Volume Usage for XP and
       Others (includes corresponding Graph/Chart)                      II-43
      Outsourcing of Select ATM Operations in the Pipeline              II-43
      Developing Countries to Turbo Charge Future Growth in the Market  II-44
       Explosive Demand for ATM Cash Withdrawals Boosts ATM
        Installations                                                   II-44
        Table 22: ATM Density Worldwide (per 100,000 adults): 2012
        (includes corresponding Graph/Chart)                            II-45

        Table 23: Global Installed Base of ATMs - Geographic Regions
        Ranked by CAGR for 2013-2020: India, China, Mexico, Russia,
        France, Brazil, UK, South Korea, Australia, Germany, Italy,
        Japan, Canada, Spain and the US (includes corresponding
        Graph/Chart)                                                    II-46

        Table 24: GDP Growth for Key Developed and Developing
        Countries: 2003-2013 (includes corresponding Graph/Chart)       II-47

        Table 25: Payment Transaction Trends in Developed Markets by
        Category (2013 & 2014F): Percentage Breakdown of Transaction
        Value for Card, Cash, Checks/Other Papers and Electronic/ACH
        (includes corresponding Graph/Chart)                            II-48

        Table 26: Payment Transaction Trends in Emerging Markets by
        Category (2013 & 2014F): Percentage Breakdown of Transaction
        Value for Card, Cash, Checks/Other Papers and Electronic/ACH
        (includes corresponding Graph/Chart)                            II-48
       Expanding Middle Class Population in the Developing Countries
        Spur Market Growth                                              II-49
        Table 27: World Middle Class Population (2012 & 2030F):
        Percentage Share Breakdown by Region - Asia-Pacific, Europe,
        Latin America, Middle East & Africa and North America
        (includes corresponding Graph/Chart)                            II-49

        Table 28: Global Young Population (Below 30 years) for 2012:
        Breakdown by Geographic Region (includes corresponding
        Graph/Chart)                                                    II-49
       India & China: Important Potential Future Markets                II-50
        Table 29: Ten Largest Populated Countries Worldwide (July
        2013): Total Population (in Millions) by Age Group 0-14
        Years, 15-44 Years, 45-64 Years, and 65+ Years for China,
        India, USA, Indonesia, Brazil, Pakistan, Nigeria,
        Bangladesh, Russia and Japan (includes corresponding
        Graph/Chart)                                                    II-50

        Table 30: Ten Largest Populated Countries Worldwide (July
        2013): Percentage Population by Age Group 0-14 Years, 15-44
        Years, 45-64 Years, and 65+ Years for China, India, USA,
        Indonesia, Brazil, Pakistan, Nigeria, Bangladesh, Russia and
        Japan (includes corresponding Graph/Chart)                      II-51

        Table 31: 15-64 Year Population as a Percentage of Total
        Population in Select Countries (2012)                           II-52
      ATM Fee on the Rise: A Cause for Concern                          II-52
      Banking Industry: A Macro Perspective                             II-53
       Heading Towards a Checkless Banking Society                      II-53
       Technology, Consolidation & Deregulation                         II-53
       ATMs: Forerunners in the Debit Card Market                       II-53
       Online Banking: A Convenient Mode of Banking                     II-54
       Masters in the Cashless Economy                                  II-54
       Mobile Banking: The New Face of Banking                          II-54
       Role of ATMs in the Banking Sector                               II-55
       Changing Banking Strategies with Regard to ATMs                  II-55
       Promotional Schemes Increase ATM Usage                           II-55

  3. PRODUCT OVERVIEW                                                   II-56
      ATMs: An Important Banking Product                                II-56
      ATMs Defined                                                      II-56
       Requirement of Standardized Availability Definitions             II-57
       ATM Functioning                                                  II-57
       Definitions of Availability                                      II-57
        Hardware Availability                                           II-57
        Cardholder Availability                                         II-57
        Authorization Availability                                      II-58
       Measuring and Reporting                                          II-58
       Environments in ATM Delivery System                              II-59
      Advantages of ATMs                                                II-59
      Types of ATMs                                                     II-59
      ATMs: Instruments for Wresting Competitive Advantage              II-60
       Size and Spread of ATM Network                                   II-60
       Surcharges and Foreign Fees                                      II-60
       Density of ATM Network Vs Level of Fees/Surcharges               II-60

  4. PRODUCT INNOVATIONS/INTRODUCTIONS                                  II-61
      Nautilus Hyosung to Introduce EMV Kit for NH1500                  II-61
      Diebold Federal Credit Union Tests Cardless ATM                   II-61
      Wright-Patt Credit Union Introduces Advanced ATM Technology in
       Ohio                                                             II-61
      NCR Launches Skimming Protection Solution                         II-61
      Barclays Zimbabwe Rolls Out Advanced ATMs                         II-62
      Diebold Deploys Opteva ATM Units in California                    II-62
      SatADSL Rolls Out New Satellite Solution in East Africa to
       Support ATM Network Deployment                                   II-62
      Verizon Introduces Wireless Routers for Managed Wireless ATM
       Service                                                          II-63
      BOCHK Launches Voice Navigation ATM                               II-63
      TCPSL to Introduce Indicash White ATMs in Maharashtra             II-63
      Mackeen Technology to Introduce Advanced ATM Solutions            II-63
      Robocoin Technologies Launches Bitcoin ATM                        II-64
      First National Bank Introduces Slimline ATM                       II-64
      MTN Ghana Unveils ATM Cash Out Service                            II-64
      Bank of America Unveils ATM with Teller Assist Service            II-64
      Emirates NBD and NCR Partner to Introduce Aptra Interactive
       Teller Machine in Gulf Region                                    II-65
      NCR Introduces Contactless ATMs in Poland                         II-65
      Diebold Unveils Diebold 429 ATM                                   II-65
      Citibank Introduces Citibank Express ATM in Asia                  II-66
      Wells Fargo to Introduce ATM Text Receipts                        II-66
      Diebold Unveils Contactless Card Reader                           II-66
      HSBC to Introduce Talking ATMs                                    II-66
      Payment Alliance International Offers Currency Conversion
       Feature in ATMs                                                  II-66
      Zoho Rolls Out Machine-to-Machine Software Solution               II-67
      Citibank Korea Launches Wheelchair-Friendly ATMs                  II-67
      Central Bank of Nigeria to Launch Coin Dispensing ATMs            II-67
      First Bank of Nigeria Launches Card-Less ATM Fund Transfer
       Service                                                          II-67
      Central Bank of Nigeria to Unveil ATMs with Graphics              II-68
      Sharjah Islamic Bank Introduces Visually Impaired-Friendly ATM    II-68
      NCR Unveils NCR SelfServ 14 ATM                                   II-68
      ADT Business Solutions Rolls Out New ADT® Anti-Skim ATM
       Security Solution                                                II-68
      Myanmar Foreign Trade Exchange Bank to Launch Multi-Currency
       Exchange ATMs                                                    II-69
      Advantech Launches AIMB-501 Micro-ATX Motherboard                 II-69
      NCR Launches Interactive ATMs                                     II-69
      Capitec Bank Unveils ATM Cash Recycler                            II-70
      Fujitsu and Hitachi Introduce Palm-Vein Scanner Technology        II-70
      Union Bank of India Introduces Talking ATM for Disabled           II-70
      GRG Banking ATMs to Offer Card-Issuing Function                   II-70
      Ogaki Kyoritsu Bank to Introduce Cardless ATMs                    II-71
      Standard Chartered Bank Indonesia Introduces Talking ATM          II-71
      BANK Islam Brunei Darussalam Introduces biometric ATM             II-71
      Diebold to Launch Prototype for First Virtualized ATM             II-71
      Kontanten Group Introduces Cash ATM                               II-72
      NCR Launches New ATM for Illiterate People                        II-72
      M&T Announces Successful Development of Anti-Skimming Device
       for ATMs                                                         II-72
      Hitachi Introduces Range of Recycle ATMs                          II-72
      FNB Announces Introduction of New Mobile-Based ATM Cash
       Withdrawal Service                                               II-73

  5. RECENT INDUSTRY ACTIVITY                                           II-74
      Paycorp Takes Over Saicom Group                                   II-74
      Euronet Worldwide Signs Agreement with Diebold for Opteva®        II-74
      Diebold Takes Over Cryptera                                       II-74
      TestLink Takes Over ATM Parts Plus                                II-75
      OKI to Set Up New Unit in India                                   II-75
      Cardtronics USA Purchases Assets of Automated Financial           II-75
      Banco Bilbao Vizcaya Argentaria Selects Wincor Nixdorf            II-75
      Cardtronics to Introduce Deposit Facility in Allpoint ATMs        II-76
      Elan Financial Services Selects Diebold’s Opteva 923 Services     II-76
      Welch ATM Takes Over ATM Portfolio of Thillens                    II-76
      Diebold Signs Agreement with Accenture                            II-76
      T-Mobile Enters into Agreement with Allpoint Network              II-77
      Commonwealth Bank to Add New Feature in Mobile Application        II-77
      NCR Enters into Agreement with Exito Group                        II-77
      Westpac and UnionPay Signs Agreement                              II-77
      Tyndall Federal Credit Union Signs Agreement with Diebold         II-78
      Sinergia Selects INETCO Systems and NCR                           II-78
      Moneycorp Installs Weatherized NCR SelfServ ATMs                  II-78
      China Construction Bank Implements ATM eLock Management Solution  II-78
      Hitachi-Omron Terminal Solutions Installs New HT-2845-V Cash
       Deposit and Cash Recycling ATMs                                  II-79
      Cardtronics Canada Signs ATM Branding Agreement with CIBC         II-79
      Banco Bilbao Vizcaya Argentaria Selects Wincor Nixdorf            II-79
      Fidelity Bank Ghana and Airtel Ghana Enter into Partnership       II-80
      Social Security System and Philippine National Bank Ink Agreement II-80
      Welch ATM Inks Agreement with Banco do Brasil Americas            II-80
      Rite Aid Opts for Payment Alliance International                  II-80
      Department of Posts India to Unveil India Post ATM Automated
       Teller Machine                                                   II-81
      Cardtronics Enters into Partnership with Scotiabank Mexico        II-81
      NCR Takes Over uGenius Technology                                 II-81
      Cardtronics Takes Over Cardpoint                                  II-81
      Cardtronics Takes Over Assets of Merrimak ATM Group               II-82
      Welch ATM Takes Over One Point Financial                          II-82
      TestLink Takes Over Airis ATM Technologies                        II-82
      Spark ATM Systems Takes Over ATM Fleet of CashAxcess              II-82
      Flite Banking Centers Takes Over Operations and Assets of ATM
       Ventures                                                         II-82
      CMS Info Systems Secures Contract from State Bank of India 2012   II-82
      Diebold Enters into ATM Service Agreement with Garda              II-83
      American Eagle Federal Credit Union Enters Agreement with
       Allpoint Network for Surcharge-Free ATMs                         II-83
      Ezeatm Signs ATM Supplier Agreement with DeliLink forTopz
       Shopz Group                                                      II-83
      Ezeatm Inks Distribution Agreement with NEOICP Korea              II-83
      GRG International Inks MoU with MPCON to Supply ATM and Cash
       Dispensers in India                                              II-84
      Kontanten Inks Outsourcing Agreement with Skandiabanken for ATMs  II-84
      Diebold Snaps Up Altus                                            II-84
      GRG International Takes Over Triton Systems                       II-84
      Cardtronics Acquires ATM Network                                  II-84
      Kontanten Takes Over ATM Net from Point                           II-85
      Tata Communications Banking InfraSolutions Secures Contract to
       Deploy ATMs for Public Sector Banks                              II-85
      PULSE and Busey Bank Sign Long-Term Agreement                     II-85
      Hughes Communications India Obtains Contract for Ministry of
       Finance ATM Project                                              II-85
      Chengdu Santai Electronics Industry Signs Contract with Bank
       of China                                                         II-86
      Payment Alliance International Enters into Partnership with
       Planet Payment                                                   II-86
      FIRST National Bank Swaziland and Swaziland Electricity Enter
       into Partnership                                                 II-86
      PULSE Signs Long-Term Agreement with Motorola Employees Credit
       Union                                                            II-86
      First Financial Bank Enters into Partnership with NCR             II-86
      DirectCash Enters into Partnership with Visa Canada               II-87
      Suncorp Bank and Diebold Sign Five-year Integrated Services
       Agreement                                                        II-87
      Stack's Bowers Galleries to Install GOLD to go ATM at Golden
       Nugget Casino                                                    II-87
      Cardtronics Acquires Can-Do-Cash                                  II-88
      Euronet Ukraine to Purchase ATMs from UkrSibbank                  II-88
      Seven Bank Acquires FCTI to Expand ATM Network                    II-88
      Burroughs Acquires Absolute ATM Services                          II-88
      DirectCash Payments Acquires Customers                            II-88
      DirectCash Payments Acquires ATM Business of InfoCash Holdings
       Limited                                                          II-89
      Glory to Purchase Talaris from Carlyle Group                      II-89
      Cardtronics USA Acquires EDC ATM Subsidiary and Efmark Deployment II-89
      Cashzone Acquires OnmiCash                                        II-89
      Wincor Nixdorf Signs Agreement with GCA                           II-89
      Mercantile Bank Announces Extension of ATM Sponsoring
       Agreement with ATM Solutions                                     II-90
      Customers and BOQ Ink Agreement                                   II-90
      Euronet Worldwide Acquires cash4you ATMs from Diebold Poland      II-90
      I-design Group Bags Contract from Barclay Bank                    II-90
      Poste Italine and Wincor Nixdorf Ink ATM-deployment Agreement     II-91
      Wincor Nixdorf Inks Agreement with Kreissparkasse Peine           II-91
      Euronet Worldwide Takes Over PayNet                               II-91
      Cardtronics Canada Takes Over Mr. Cash ATM Network                II-91
      Cardtronics Acquires Access to Money                              II-92
      Expert Group to Take Over Pertego Capital                         II-92
      TPG Acquires Minority Interest in AGS Transact Technologies       II-92
      Euronet Germany and Ikano Bank Ink ATM Outsourcing Agreement      II-92

  6. FOCUS ON SELECT PLAYERS                                            II-93
      Diebold, Inc. (USA)                                               II-93
      Euronet Worldwide, Inc. (USA)                                     II-93
      Fujitsu Frontech Limited (Japan)                                  II-94
      GRG Banking Equipment Co. Ltd (China)                             II-94
      Guangzhou KingTeller Technology Co., Ltd (China)                  II-94
      Hantle USA (US)                                                   II-95
      Hitachi-Omron Terminal Solutions, Corp. (Japan)                   II-95
      Itautec (Brazil)                                                  II-95
      NCR Corporation (USA)                                             II-95
      Nautilus Hyosung America, Inc. (US)                               II-96
      Renome-Smart LLC (US)                                             II-96
      VeriFone Systems Inc. (USA)                                       II-96
      Wellington Technologies Inc. (USA)                                II-97
      Wincor Nixdorf International GmbH (Germany)                       II-97

  7. GLOBAL MARKET PERSPECTIVE                                          II-98
      Table 32: World Recent Past, Current & Future Analysis for
      Automated Teller Machines by Geographic Region/Country - US,
      Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle
      East, and Latin American Markets Independently Analyzed with
      Installed Base in ‘000 Units for Years 2013 through 2020
      (includes corresponding Graph/Chart)                              II-98

      Table 33: World Historic Review for Automated Teller Machines
      by Geographic Region/ Country - US, Canada, Japan, Europe,
      Asia-Pacific (excluding Japan), Middle East, and Latin
      American Markets Independently Analyzed with Installed Base in
      ‘000 Units for Years 2006 through 2012 (includes corresponding
      Graph/Chart)                                                      II-99

      Table 34: World 15-Year Perspective for Automated Teller
      Machines by Geographic Region/Country - Percentage Breakdown
      of Installed Base for US, Canada, Japan, Europe, Asia-Pacific
      (excluding Japan), Middle East, and Latin American Markets for
      Years 2006, 2014 & 2020 (includes corresponding Graph/Chart)      II-100


 III. MARKET

  1. THE UNITED STATES                                                  III-1
      A.Market Analysis                                                 III-1
        Current and Future Analysis                                     III-1
        The US ATM Market Undergoes Transformation                      III-1
         Table 35: Leading Players in the US ATM Market (2013):
         Percentage Share Breakdown of Value Sales for Diebold
         Incorporated, NCR Corporation, Wincor and Others (includes
         corresponding Graph/Chart)                                     III-2
        Surcharge-Free Alliances Gaining Wide Acceptance                III-2
        Visa Achieves Technology Milestone                              III-2
        Replacement Sales - The Mainstay                                III-3
        ATM Channel Outsourcing on the Rise                             III-3
        Innovative ATM Technologies Drive Market Forward                III-3
        Off-Site ATMs - The Largest Segment                             III-4
         Table 36: US Automatic Teller Machine Market By Overhead
         Costs (2013): Percentage Share Breakdown of Off-Premise
         Monthly Costs for Back Office Operations. Cash
         Replenishment, Cost of Funds, Depreciation,
         Driving/processing, Maintenance, Rent, Telecommunications
         and Others (includes corresponding Graph/Chart)                III-4
        IFX Message Protocol Technology on the Horizon                  III-5
        Increasing Popularity of Ticket and Coupon Sales through ATMs   III-5
        Anti-Skimming Technology Makes Ground                           III-5
        ATMs to Become More Personalized                                III-5
        Cash Recycling Technology Gains Momentum                        III-6
        ATMs Account for about One-Third of Bank Transactions           III-6
        Banking for the Unbanked and the Underbanked Offers
         Opportunities                                                  III-6
         Table 37: US Underbanked/Unbanked Population Percentage
         (includes corresponding Graph/Chart)                           III-7
        Implications of EMV Migration                                   III-7
         EMV Migration Timeline in the US                               III-8
        Surcharge: Main Source of Income                                III-8
         Amendments in FRB Policy Impact ATM in the US                  III-9
        ADA Non-Compliance to Increase Financial Burden                 III-9
        DOJ Ruling on ADA Compliance Requirements for ATMs              III-10
        Rising ATM Card Frauds: A Cause for Concern                     III-11
        Private ATMs: Easy Targets of Money Launderers                  III-11
        Preventing Frauds - Key to ATM Market Growth                    III-12
        ATMs Leading to a Decline in Number of Banking Employees        III-12
        Product Introductions                                           III-12
        Strategic Corporate Developments                                III-16
        Select Regional Players                                         III-22
      B.Market Analytics                                                III-25
        Table 38: US Recent Past, Current & Future Analysis for
        Automated Teller Machines with Installed Base in ‘000 Units
        for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-25

        Table 39: US Historic Review for Automated Teller Machines
        with Installed Base In ‘000 Units for Years 2006 through
        2012 (includes corresponding Graph/Chart)                       III-26

  2. CANADA                                                             III-27
      A.Market Analysis                                                 III-27
        Current and Future Analysis                                     III-27
         Table 40: ATM Transactions in Canada by Category (2012 &
         2013): Percentage Share Breakdown of Transaction Volumes
         for Bill Payment, Cash Withdrawals, Deposits and Transfers
         (includes corresponding Graph/Chart)                           III-27
        First Bitcoin ATM Launched in Canada in November 2013           III-27
        Product Launch                                                  III-28
        Strategic Corporate Developments                                III-29
      B.Market Analytics                                                III-30
        Table 41: Canadian Recent Past, Current & Future Analysis
        for Automated Teller Machines with Installed Base in ‘000
        Units for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-30

        Table 42: Canadian Historic Review for Automated Teller
        Machines with Installed Base in ‘000 Units for Years 2006
        through 2012 (includes corresponding Graph/Chart)               III-31

  3. JAPAN                                                              III-32
      A.Market Analysis                                                 III-32
        Current and Future Analysis                                     III-32
        Select Regional Players                                         III-32
      B.Market Analytics                                                III-33
        Table 43: Japanese Recent Past, Current & Future Analysis
        for Automated Teller Machines with Installed Base in ‘000
        Units for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-33

        Table 44: Japanese Historic Review for Automated Teller
        Machines with Installed Base in ‘000 Units for Years 2006
        through 2012 (includes corresponding Graph/Chart)               III-34

  4. EUROPE                                                             III-35
      A.Market Analysis                                                 III-35
        Current and Future Analysis                                     III-35
        ATMs Market Overview                                            III-35
         Table 45: European Automatic Teller Machines (ATMs) Market
         by Location (2013): Percentage Breakdown of Off-Premise and
         On-Premise ATM Deployments for France, Germany, Italy,
         Netherlands, Poland, Portugal, Russia, Spain, Turkey, UK,
         and Ukraine (includes corresponding Graph/Chart)               III-36

         Table 46: Leading ATM Manufacturers in Europe (2013):
         Percentage Share Breakdown of Volume Sales for Diebold
         Incorporated, NCR Corporation, Wincor, and Others (includes
         corresponding Graph/Chart)                                     III-37
        Market Implications of Non-Migration to Windows 7               III-37
         Table 47: European ATMs Market by Operating System (2013):
         Percentage Share Breakdown for OS/2, Windows 7, Windows
         NT/2000 and Windows XP (includes corresponding Graph/Chart)    III-37
      B.Market Analytics                                                III-38
        Table 48: European Recent Past, Current & Future Analysis
        for Automated Teller Machines by Geographic Region/Country -
        France, Germany, Italy, UK, Spain, Russia, and Rest of
        Europe Markets Independently Analyzed with Installed Base in
        ‘000 Units for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-38

        Table 49: European Historic Review for Automated Teller
        Machines by Geographic Region/Country - France, Germany,
        Italy, UK, Spain, Russia, and Rest of Europe Markets
        Independently Analyzed with Installed Base in ‘000 Units for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-39

        Table 50: European 15-Year Perspective for Automated Teller
        Machines by Geographic Region/Country - Percentage Breakdown
        of Installed Base for France, Germany, Italy, UK, Spain,
        Russia, and Rest of Europe Markets for Years 2006, 2014 &
        2020 (includes corresponding Graph/Chart)                       III-40

  4a. FRANCE                                                            III-41
       Market Analysis                                                  III-41
        Table 51: French Recent Past, Current & Future Analysis for
        Automated Teller Machines with Installed Base in ‘000 Units
        for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-41

        Table 52: French Historic Review for Automated Teller
        Machines with Installed Base in ‘000 Units for Years 2006
        through 2012 (includes corresponding Graph/Chart)               III-42

  4b. GERMANY                                                           III-43
      A.Market Analysis                                                 III-43
        Current and Future Analysis                                     III-43
         Table 53: Leading ATM Manufacturers in Germany (2013):
         Percentage Breakdown of Volume Sales for Diebold
         Incorporated, NCR Corporation, Wincor and Others (includes
         corresponding Graph/Chart)                                     III-43
        Wincor Nixdorf and Sicap Launch New ATMs                        III-43
        Self-Service Subscription Management:                           III-43
        Cash Topup:                                                     III-44
        Cash Remittance:                                                III-44
        Strategic Corporate Developments                                III-44
        Wincor Nixdorf International GmbH - A Leading Player            III-45
      B.Market Analytics                                                III-46
        Table 54: German Recent Past, Current & Future Analysis for
        Automated Teller Machines with Installed Base in ‘000 Units
        for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-46

        Table 55: German Historic Review for Automated Teller
        Machines with Installed Base in ‘000 Units for Years 2006
        through 2012 (includes corresponding Graph/Chart)               III-46

  4c. ITALY                                                             III-47
      A.Market Analysis                                                 III-47
        Current and Future Analysis                                     III-47
        Strategic Corporate Developments                                III-47
      B.Market Analytics                                                III-48
        Table 56: Italian Recent Past, Current & Future Analysis for
        Automated Teller Machines with Installed Base in ‘000 Units
        for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-48

        Table 57: Italian Historic Review for Automated Teller
        Machines with Installed Base in ‘000 Units for Years 2006
        through 2012 (includes corresponding Graph/Chart)               III-48

  4d. THE UNITED KINGDOM                                                III-49
      A.Market Analysis                                                 III-49
        Current and Future Analysis                                     III-49
        Banking Industry Overview                                       III-49
         Table 58: Leading Banks in the UK Banking Industry (2013):
         Percentage Share Breakdown of No. of Branches for Barclays,
         HSBC, Lloyds TSB and RBS (includes corresponding
         Graph/Chart)                                                   III-49
        ATM Penetration                                                 III-49
         Table 59: Leading Players in the UK ATMs Market (2013):
         Percentage Share Breakdown of Volume Sales for NCR and
         Others (includes corresponding Graph/Chart)                    III-50
        Off-Premise Bank ATMs in the UK Lose Shine                      III-50
        Product Introductions                                           III-50
        Strategic Corporate Developments                                III-51
      B.Market Analytics                                                III-52
        Table 60: UK Recent Past, Current & Future Analysis for
        Automated Teller Machines with Installed Base in ‘000 Units
        for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-52

        Table 61: UK Historic Review for Automated Teller Machines
        with Installed Base in ‘000 Units for Years 2006 through
        2012 (includes corresponding Graph/Chart)                       III-52

  4e. SPAIN                                                             III-53
      A.Market Analysis                                                 III-53
        Current and Future Analysis                                     III-53
        Bitcoin ATMs Gains Ground                                       III-53
        Recent Industry Activity                                        III-53
      B.Market Analytics                                                III-54
        Table 62: Spanish Recent Past, Current & Future Analysis for
        Automated Teller Machines with Installed Base in ‘000 Units
        for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-54

        Table 63: Spanish Historic Review for Automated Teller
        Machines with Installed Base in ‘000 Units for Years 2006
        through 2012 (includes corresponding Graph/Chart)               III-55

  4f. RUSSIA                                                            III-56
      A.Market Analysis                                                 III-56
        Current and Future Analysis                                     III-56
         Table 64: Leading Domestic Players in the Russian Market
         for ATMs (2013): Percentage Share Breakdown by Volume Sales
         for Alfa Bank, Rosbank, Sberbank, Uralsib, VTB Group and
         Others (includes corresponding Graph/Chart)                    III-56
      B.Market Analytics                                                III-57
        Table 65: Russian Recent Past, Current & Future Analysis for
        Automated Teller Machines with Installed Base in ‘000 Units
        for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-57

        Table 66: Russian Historic Review for Automated Teller
        Machines with Installed Base in ‘000 Units for Years 2006
        through 2012 (includes corresponding Graph/Chart)               III-57

  4g. REST OF EUROPE                                                    III-58
      A.Market Analysis                                                 III-58
        Current and Future Analysis                                     III-58
        Overview                                                        III-58
        Ireland                                                         III-58
        Product Launch                                                  III-58
        Strategic Corporate Developments                                III-59
      B.Market Analytics                                                III-61
        Table 67: Rest of Europe Recent Past, Current & Future
        Analysis for Automated Teller Machines with Installed Base
        in ‘000 Units for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-61

        Table 68: Rest of Europe Historic Review for Automated
        Teller Machines with Installed Base in ‘000 Units for Years
        2006 through 2012 (includes corresponding Graph/Chart)          III-62

  5. ASIA-PACIFIC                                                       III-63
      A.Market Analysis                                                 III-63
        Current and Future Analysis                                     III-63
        Surging Demand for ATM Cash Withdrawals Boosts ATM
         Installations                                                  III-63
         Table 69: ATM Density Worldwide (per 100,000 adults): 2012
         (includes corresponding Graph/Chart)                           III-64

         Table 70: Global Installed Base of ATMs - Geographic
         Regions Ranked by CAGR for 2013-2020: India, China, Mexico,
         Russia, France, Brazil, UK, South Korea, Australia,
         Germany, Italy, Japan, Canada, Spain and the US                III-65
        ISOs Introduce ATM Services in Convenience Stores               III-65
         Table 71: Leading Players in the Asia-Pacific ATMs Market
         (2013): Percentage Breakdown of Value Sales for Diebold,
         NCR and Others (includes corresponding Graph/Chart)            III-66
        India & China’s Young Population Offer Significant
         Opportunities                                                  III-66
         Table 72: Ten Most Populated Countries Worldwide (2012)
         (includes corresponding Graph/Chart)                           III-67
      B.Market Analytics                                                III-68
        Table 73: Asia-Pacific Recent Past, Current & Future
        Analysis for Automated Teller Machines by Geographic
        Region/Country - Australia, China, India, South Korea and
        Rest of Asia-Pacific Markets Independently Analyzed with
        Installed Base in ‘000 Units for Years 2013 through 2020
        (includes corresponding Graph/Chart)                            III-68

        Table 74: Asia-Pacific Historic Review for Automated Teller
        Machines by Geographic Region/ Country - Australia, China,
        India, South Korea and Rest of Asia-Pacific Markets
        Independently Analyzed with Installed Base in ‘000 Units for
        Years 2006 through 2012 (includes corresponding Graph/Chart)    III-69

        Table 75: Asia-Pacific 15-Year Perspective for Automated
        Teller Machines by Geographic Region/Country - Percentage
        Breakdown of Installed Base for Australia, China, India,
        South Korea and Rest of Asia-Pacific Markets for Years 2006,
        2014 & 2020 (includes corresponding Graph/Chart)                III-70

  5a. AUSTRALIA                                                         III-71
      A.Market Analysis                                                 III-71
        Current and Future Analysis                                     III-71
        Bitcoin ATM Commences Operations in Australia                   III-71
        Strategic Corporate Developments                                III-71
      B.Market Analytics                                                III-73
        Table 76: Australian Recent Past, Current & Future Analysis
        for Automated Teller Machines with Installed Base in ‘000
        Units for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-73

        Table 77: Australian Historic Review for Automated Teller
        Machines with Installed Base in ‘000 Units for Years 2006
        through 2012 (includes corresponding Graph/Chart)               III-73

  5b. CHINA                                                             III-74
      A.Market Analysis                                                 III-74
        Current and Future Analysis                                     III-74
        Overview                                                        III-74
         Table 78: Leading Players in the Chinese Market for ATMs
         (2013): Percentage Share Breakdown of Volume Sales for
         Diebold, GRG Banking, Hitachi, Kingteller, NCR, OKI, Wincor
         and Others (includes corresponding Graph/Chart)                III-74

         Table 79: Chinese ATM Installed Base (2013): Percentage
         Share Breakdown by Select Banks (includes corresponding
         Graph/Chart)                                                   III-75
        Surge in Banking Industry Encourages Shift to Self-Service      III-75
        Foreign Banks Accelerate ATM Operations in China                III-75
        Development of ATM Market in China - A Perspective              III-75
        Product Launches                                                III-76
        Strategic Corporate Developments                                III-76
        Select Regional Players                                         III-77
      B.Market Analytics                                                III-78
        Table 80: Chinese Recent Past, Current & Future Analysis for
        Automated Teller Machines with Installed Base in ‘000 Units
        for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-78

        Table 81: Chinese Historic Review for Automated Teller
        Machines with Installed Base in ‘000 Units for Years 2006
        through 2012 (includes corresponding Graph/Chart)               III-78

  5c. INDIA                                                             III-79
      A.Market Analysis                                                 III-79
        Current and Future Analysis                                     III-79
        The Anticipated Banking Industry Revamp Signals Potential
         for Growth                                                     III-79
         Table 82: Leading Players in the Indian ATMs Market (2013):
         Percentage Share Breakdown of Volume Sales for Diebold,
         NCR, Wincor Nixdorf and Others (includes corresponding
         Graph/Chart)                                                   III-80
        Indian ATM Market Gets Closer to End-User                       III-80
        Banks Outsource ATM Locations to Private Property Owners        III-80
        ATMs in Rural Communities to Open New Growth Avenues            III-80
        Banking for the Unbanked Population Spurs ATM Innovations       III-81
        The Rise of White-Label ATMs                                    III-81
        Data and Cyber Security to Remain Primary Area of Focus         III-81
        Key Challenges in the Indian ATM Industry                       III-82
        Product Launches                                                III-83
        Strategic Corporate Developments                                III-84
      B.Market Analytics                                                III-86
        Table 83: Indian Recent Past, Current & Future Analysis for
        Automated Teller Machines with Installed Base in ‘000 Units
        for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-86

        Table 84: Indian Historic Review for Automated Teller
        Machines with Installed Base in ‘000 Units for Years 2006
        through 2012 (includes corresponding Graph/Chart)               III-87

  5d. SOUTH KOREA                                                       III-88
      A.Market Analysis                                                 III-88
        Current and Future Analysis                                     III-88
        Wireless ATMs: High Growth Potential                            III-88
      B.Market Analytics                                                III-88
        Table 85: South Korean Recent Past, Current & Future
        Analysis for Automated Teller Machines with Installed Base
        in ‘000 Units for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-88

        Table 86: South Korean Historic Review for Automated Teller
        Machines with Installed Base in ‘000 Units for Years 2006
        through 2012 (includes corresponding Graph/Chart)               III-89

  5e. REST OF ASIA-PACIFIC                                              III-90
      A.Market Analysis                                                 III-90
        Current and Future Analysis                                     III-90
        ATMs in Pakistan - An Overview                                  III-90
        Product Introduction                                            III-90
        Strategic Corporate Development                                 III-90
      B.Market Analytics                                                III-91
        Table 87: Rest of Asia-Pacific Recent Past, Current & Future
        Analysis for Automated Teller Machines with Installed Base
        in ‘000 Units for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-91

        Table 88: Rest of Asia-Pacific Historic Review for Automated
        Teller Machines with Installed Base in ‘000 Units for Years
        2006 through 2012 (includes corresponding Graph/Chart)          III-91

  6. MIDDLE EAST                                                        III-92
      A.Market Analysis                                                 III-92
        Current and Future Analysis                                     III-92
        Product Introductions                                           III-92
      B.Market Analytics                                                III-93
        Table 89: Middle East Recent Past, Current & Future Analysis
        for Automated Teller Machines with Installed Base in ‘000
        Units for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-93

        Table 90: Middle East Historic Review for Automated Teller
        Machines with Installed Base in ‘000 Units for Years 2006
        through 2012 (includes corresponding Graph/Chart)               III-94

  7. LATIN AMERICA                                                      III-95
      A.Market Analysis                                                 III-95
        Current and Future Analysis                                     III-95
         Table 91: Leading Players in the Latin American Market for
         ATMs (2013): Percentage Share Breakdown of Volume Sales for
         Diebold, NCR and Others (includes corresponding
         Graph/Chart)                                                   III-95
      B.Market Analytics                                                III-96
        Table 92: Latin American Recent Past, Current & Future
        Analysis for Automated Teller Machines by Geographic
        Region/Country - Brazil, Mexico and Rest of Latin American
        Markets Independently Analyzed with Installed Base in ‘000
        Units for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-96

        Table 93: Latin American Historic Review for Automated
        Teller Machines by Geographic Region/ Country - Brazil,
        Mexico and Rest of Latin American Markets Independenly
        Analyzed with Installed Base in ‘000 Units for Years 2006
        through 2012 (includes corresponding Graph/Chart)               III-97

        Table 94: Latin American 15-Year Perspective for Automated
        Teller Machines by Geographic Region/Country - Percentage
        Breakdown of Installed Base for Brazil, Mexico and Rest of
        Latin American Markets for Years 2006, 2014 & 2020 (includes
        corresponding Graph/Chart)                                      III-98

  7a. BRAZIL                                                            III-99
      A.Market Analysis                                                 III-99
        Current and Future Analysis                                     III-99
        Overview                                                        III-99
         Table 95: Leading Players in the Brazilian Market for ATMs
         (2013): Percentage Share Breakdown of Volume Sales for
         Diebold, Itautec, NCR, Perto, Wincor and Others (includes
         orresponding Graph/Chart)                                      III-99
        Electronic Payments - Order of the Day                          III-99
        Rising Incidence of Frauds Hamper ATM Growth                    III-100
      B.Market Analytics                                                III-100
        Table 96: Brazilian Recent Past, Current & Future Analysis
        for Automated Teller Machines with Installed Base in ‘000
        Units for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-100

        Table 97: Brazilian Historic Review for Automated Teller
        Machines with Installed Base in ‘000 Units for Years 2006
        through 2012 (includes corresponding Graph/Chart)               III-101

  7b. MEXICO                                                            III-102
      A.Market Analysis                                                 III-102
        Current and Future Analysis                                     III-102
        Strategic Corporate Development                                 III-102
      B.Market Analytics                                                III-103
        Table 98: Mexican Recent Past, Current & Future Analysis for
        Automated Teller Machines with Installed Base in ‘000 Units
        for Years 2013 through 2020 (includes corresponding
        Graph/Chart)                                                    III-103

        Table 99: Mexican Historic Review for Automated Teller
        Machines with Installed Base in ‘000 Units for Years 2006
        through 2012 (includes corresponding Graph/Chart)               III-103

  7c. REST OF LATIN AMERICA                                             III-104
      A.Market Analysis                                                 III-104
        Current and Future Analysis                                     III-104
        Overview                                                        III-104
        Strategic Corporate Development                                 III-104
      B.Market Analytics                                                III-105
        Table 100: Rest of Latin America Recent Past, Current &
        Future Analysis for Automated Teller Machines with Installed
        Base in ‘000 Units for Years 2013 through 2020 (includes
        corresponding Graph/Chart)                                      III-105

        Table 101: Rest of Latin America Historic Review for
        Automated Teller Machines with Installed Base in ‘000 Units
        for Years 2006 through 2012 (includes corresponding
        Graph/Chart)                                                    III-106


 IV. COMPETITIVE LANDSCAPE

     Total Companies Profiled: 34 (including Divisions/Subsidiaries - 37)

     The United States (14)
     Canada (1)
     Japan (3)
     Europe (8)
     - Germany (2)
     - The United Kingdom (2)
     - Italy (1)
     - Rest of Europe (3)
     Asia-Pacific (Excluding Japan) (9)
     Latin America (2)
Additional Information:
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Date of Publication:
Aug 13, 2014
Number of Pages:
247 Pages
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