Amid the COVID-19 crisis, the global market for Automated Teller Machines (ATMs) estimated at US$19.5 Billion in the year 2020, is projected to reach a revised size of US$29 Billion by 2027, growing at aCAGR of 5.8% over the period 2020-2027. 15 & Below, one of the segments analyzed in the report, is projected to record 5.6% CAGR and reach US$20 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Above 15 segment is readjusted to a revised 6.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $5.3 Billion, While China is Forecast to Grow at 8.8% CAGR
The Automated Teller Machines (ATMs) market in the U.S. is estimated at US$5.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.1 Billion by the year 2027 trailing a CAGR of 8.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.We bring years of research experience to this 18th edition of our report. The 258-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- Abracon LLC
- Acme Electric
- Alps Electric Co., Ltd.
- API Technologies Corp.
- Datronix Holdings Ltd.
- Delta Electronics, Inc.
- Fujitsu Component Ltd.
- Hitachi AIC, Inc.
- KEMET Corp.
- Kyocera Corp.
- Littelfuse, Inc.
- Microsemi Corp.
- Murata Manufacturing Company, Ltd.
- Nichicon Corp.
- Nippon Mektron, Ltd.
- Panasonic Corp.
- Samsung Electro-Mechanics
- Schneider Electric SE
- Shenzhen Sunlord Electronics Co., Ltd.
- SiTime Corp.
- Taiyo Yuden Co., Ltd.
- TDK Corp.
- TE Connectivity Ltd.
- Teledyne Technologies Inc.
- Token Electronics Industry Co., Ltd.
- Vishay Intertechnology
- Xiamen Hongfa Electroacoustic Co., Ltd.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Automated Teller Machines (ATMs): An Omnipresent Modern Convenience
Recent Market Activity
ATMs to Remain at Forefront of Self-Service Banking
Next-Generation ATMs Bring Attention towards Channel Management
Modern ATMs: Much More than Just Cash Dispensing Machines
Future of ATMs
Improving Economy Buoys General Market Optimism
Years 2016 and 2017 in Retrospect
2018 Global Economic Outlook
Intense Competition on the Cards for the Market Leaders
Financial Services Industry Witness Consolidation Trends
Multi-Vendor ATM Software: The New Norm
Demand for Multiple Services Transform ATM System Functionality
Independent ATM Deployers (IADs) to Essay Significant Role
Key Challenges for IADs
Shared Regional ATM Networks Resorting toMergers and Acquisitions
Other Significant Trends
Asia-Pacific Commands the ATM Market
Technological Advances Set ATM Market on Expansion Spree
Global Competitor Market Shares
Automated Teller Machines (ATMs) Competitor Market Share Scenario Worldwide (in %): 2018 & 2029
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
Diebold Nixdorf, Inc. (USA)
Euronet Worldwide, Inc. (USA)
GRG Banking Equipment Co. Ltd. (China)
Guangzhou KingTeller Technology Co., Ltd. (China)
Hantle, Inc. (USA)
Hitachi-Omron Terminal Solutions, Corp. (Japan)
Nautilus Hyosung America, Inc. (USA)
NCR Corporation (USA)
Renome-Smart LLC (Ukraine)
3. MARKET TRENDS & DRIVERS
ATMs: Brimming with Youth at 50
Key Trends within ATMs Market
Means for Supporting Payments Option
Use of Data and Analytical Tools for Delivering Consumer Insights
Increase in Cash Deposits and Recycling
Entirely New Experiences
Cash Recycling and Use of Multiple Denominations
Measures to Counter Fraud
Unchallenged Dominance of Cash: A Strong Growth Driver
Mobile Technology Revolutionizes ATM Functionality
Increasing Importance of ATMs in Mobile Banking Era
Advancements in ATM Technology
Potential for Offering Omnichannel Experience
Increasing Popularity of Self-service Options
ATMs: the Preferred Option of FIs
Increasing Sales of Smartphones Promote ATM-Mobile Convergence
Contactless ATM Transactions: The Future of Banking
Contactless Card Readers
Robust Branch Automation Initiatives Offer Significant Growth Opportunities
Video Teller Machines to Head Branch Transformation
The Rise of Personal Teller Machines to ImproveOperational Efficiency
Technology Advancements: Spearheading Growth
Remote Deposit Capture: A New Technology to Expedite Deposits at ATM
Improved Data Storage and Transmission Reduce ATM Service Costs
Cloud Technology to Slash Data Storage Costs
4G-Connectivity to Improve ATM Efficiency
Triple DES and RKT Technologies
Wireless Technology in ATMs
Talking ATMs for Visually Handicapped
Novel ATM Technologies for Target Marketing
ATM Design Innovations
Select ATMs with Innovative Features
Continuous Rise in Off-Premise ATM Installations Worldwide Bode Well for the Market
ATM Security: Crucial to Improving Consumer Confidence
Security Measures by Leading ATM Makers
Recent Biometric Advancements
ATM Fraud: A Global Menace
Innovative and Diverse Attacks Present Daunting Challenge for ATM Operators
Transition to Chip-Only Cards Set to Begin
ATM Malware - A Shift from Physical Attacks to Network-based Threats
Malware Targeting ATMs Since 2009
Net-work-Based Attack: The New Path to ATM Infection
ATM Standards: Work in Progress
Card-Based EACS: A Popular Choice of Access Control Strategy
Banking & Financial Services: One of the Most Promising End-use Sector for Card Based EACS
Expanding ATM Functionalities Enhance Self-Service Experience
Two-Way Video Communications
Two-Dimensional Bar Code Scanners
Additional Functionalities to Improve Revenue Streams
ATM Cash Recycling to Gain Prominence
PCI DSS Compliance Promotes Windows 7 Migration of ATMs
Outsourcing of Select ATM Operations in the Pipeline
Developing Countries to Turbo Charge Future Growth in the Market
Explosive Demand for ATM Cash Withdrawals Boosts ATM Installations
Rising Global Population Propels Demand for Banking and Financial Services
Expanding Middle Class Population in the Developing Countries Spur Market Growth
India & China: Important Potential Future Markets
ATM Fee on the Rise: A Cause for Concern
Banking Industry: A Macro Perspective
Heading Towards a Checkless Banking Society
Technology, Consolidation & Deregulation
ATMs: Forerunners in the Debit Card Market
Online Banking: A Convenient Mode of Banking
Masters in the Cashless Economy
Mobile Banking: The New Face of Banking
Role of ATMs in the Banking Sector
Changing Banking Strategies with Regard to ATMs
Promotional Schemes Increase ATM Usage
Transformation of Banking Industry Increases
ATM Innovations in over 50 Years
Turning Point in the Banking History
Sustained Relevance and Profitability Depends on Adoption of Emerging Technologies to Innovate and Grow
Expanding the Utility of ATMs
Disruptive Technology in Retail Banking
Tablet Cash Machines
The More Agile "Pop-Up" Branch
New Technologies and Innovations Imperative for Driving Growth in ATMs Market
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
Market Facts & Figures
US Automated Teller Machines (ATMs) Market Share (in %) by Company: 2018 & 2025
Market Facts & Figures
European Automated Teller Machines (ATMs) Market: Competitor Market Share Scenario (in %) for 2018 & 2025
REST OF EUROPE
REST OF ASIA-PACIFIC
REST OF LATIN AMERICA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
Total Companies Profiled: 26