The latest report by IMARC Group, titled “ATM Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global ATM market. The global ATM (Automated Teller Machine) market reached a value of US$ 21.03 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 28.37 Billion by 2027, exhibiting a CAGR of 5.2% during 2022-2027. An automated teller machine (ATM) is a digital banking machine that assists consumers in performing basic transactions with their debit or credit cards. It handles money and executes various tasks, including deposits, fund transfers, cash withdrawals, etc.
ATM Market Overview:
ATMs are of several types, such as conventional or bank, brown label, white-label, smart, cash dispensers, etc. They consist of a card reader, cash dispenser, keypad, printer, and display screen through which relevant information about the account balance is conveyed to the user. Unlike traditional bank tellers, ATMs serve as quick, convenient, and self-serving alternatives for smooth financial transactions. As a result, they find extensive utilization in withdrawals, deposits, transfers, etc., of money.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global ATM Market Trends:
The escalating demand for convenient banking transactions is among the primary factors driving the ATM market. Besides this, the widespread product usage owing to its various benefits, including the 24×7 availability of cash and ease of fund transfers, is further augmenting the market growth. Apart from this, the elevating requirement for ATMs as a currency exchange option for international tourists through the feature of Dynamic Currency Conversion (DCC) is also catalyzing the global market.
Moreover, they aid in reducing the workload of bank employees by minimizing the frequency of human error and ensuring efficient operations, which is acting as another significant growth-inducing factor. Furthermore, the introduction of improved security mechanisms, such as biometric authentication and one-time password (OTP) services, for preventing fraudulent transactions is expected to bolster the ATM market in the coming years.
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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Diebold Inc.
- Wincor Nixdorf AG
- NCR Corporation
- Triton Systems of Delaware
- Hitachi-Omron Terminal Solutions
- GRG Banking Equipment Co. Ltd.
- OKI Electric Industry co. Ltd.
- Nautilus Hyosung Corporation
- HESS Cash Systems GmbH & Co KG
- Fujitsu Ltd.
- Euronet Worldwide
- Brink’s Company
Key Market Segmentation Breakup by:
- Deployment Solutions
- Onsite ATMs
- Offsite ATMs
- Work Site ATMs
- Mobile ATMs
- Managed Services
- Conventional/Bank ATMs
- Brown Label ATMs
- White Label ATMs
- Smart ATMs
- Cash Dispensers
- 15″ and Below
- Above 15″
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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