Automatic teller machine (ATM) was introduced in developed countries during the late 70s. This cash dispenser helps customers conduct a wide array of financial transactions such as cash withdrawal, fund transfer, and deposits. Smart ATMs have played a considerable role in generating revenue for the ATM market in developing countries such as India and South Korea by integrating value-added services and help in building customer loyalty. Recent technological advancements are enabling financial transactions to be processed over wireless devices that have boosted the growth of the global ATM market.
According to the Mercury Processing International Company, provider of payment solutions announced on May 22, 2019, there has been consistent growth in the number of ATMs in Europe. Apart from cash dispensing and deposits, the demand for ATMs is further rising in Europe, owing to the fact that these machines are used as a medium for selling and handling paper-based products such as tickets, wireless phone recharge cards, and financial products. Moreover, they enable cardholders to withdraw money by using smartphones, which significantly contributes to the growth of the market.
An increase in security standards, technological advancements, and the introduction of smart ATMs fuel the growth of the market. However, the rise in penetration of online banking has led to a decrease in the deployment of ATMs globally, which restrains the growth of the market. Conversely, a rise in the number of ATMs in rural areas and the emergence of new technologies in banking in the ATM industry are expected to provide lucrative opportunities for the growth of the market.
The global ATM market is segmented into solution, type, application, and region. In terms of solution, the market is fragmented into deployment solutions, and managed services. Based on deployment solutions, the market is further bifurcated into onsite ATMs, offsite ATMs, worksite ATMs, and mobile ATMs. On the basis of type, it is categorized into conventional ATMs, brown label ATMs, white label ATMs, smart ATMs, and cash dispensers. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA
The key players profiled in the ATM market analysis are The key players profiled in the ATM market analysis are Diebold Nixdorf, Incorporated NCR Corporation, Euronet Worldwide Incorporation, Fujitsu Ltd, GRG Banking Equipment Co. Ltd., Hess Cash Systems GmbH, NHAUSA, NCR Corporation, Source Technologies, and Triton Systems of Delaware LLC. These key players have adopted various strategies such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to increase their market penetration and strengthen their position in the industry.
Key Benefits For Stakeholders:
- The study provides an in-depth analysis of the global ATM market forecast along with the current & future trends to elucidate the imminent investment pockets.
- Information about key drivers, restraints, and opportunities and their impact analysis on the global ATM market size is provided in the report.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the ATM industry.
- The quantitative analysis of the market for the period 2019–2027 is provided to determine the ATM market potential.
ATM Market Key Segments:
BY Solution
- Deployment Solutions
- Onsite ATMs
- Offsite ATMs
- Worksite ATMs
- Mobile ATMs
- Managed Services
By Type
- Conventional ATMs
- Brown Label ATMs
- White Label ATMs
- Smart ATMs
- Cash Dispensers
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- ASEAN countries
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- Diebold Nixdorf, Incorporated
- NCR Corporation
- Euronet Worldwide Incorporation
- Fujitsu Ltd
- GRG Banking Equipment Co. Ltd.
- Hess Cash Systems GmbH
- NHAUSA
- NCR Corporation
- Source Technologies
- Triton Systems of Delaware LLC
Table of Contents
Executive Summary
the report, titled, 'ATM Market By Solution and Type: Global Opportunity Analysis and Industry Forecast, 2020-2027', the global ATM market was valued at $20.58 billion in 2019, and is projected to reach $30.50 billion by 2027, growing at a CAGR of 5.2% from 2020 to 2027. Asia-Pacific dominates the market by contributing more than 35% share of the overall revenue, followed by North America.Surge in adoption of ATM devices for wireless communication, security, EMV migration, and cash recycling across the world propels the growth of the global ATM market. Moreover, retail houses, corporate instructions, and banking companies are globally adopting ATM devices for functions such as offsite, mobile site, and worksite, as these ATMs facilitate quicker and efficient services with flexible cash withdrawals and deposits. This, in-turn, reduces the footfall in banks (for the purpose of cash withdrawal or deposits), enabling the bank staff to focus on core financial activities, thereby fuels the growth of ATM market.
Automated teller machines are convenient, reliable, secured, and allow consumers to perform quick, self-service transactions for everyday banking needs such as deposits and withdrawals to more complex transactions, including bill payments and transfers. Cash recycling is the major driving factor of the ATM market, as it ensures customers such as small businesses to withdraw or deposit large volume of cash, thereby saving bank’s times and reducing cost associated with cash in transit.
Integration of mobile devices to ATM machines via smartphone apps help to secure financial transactions, which supports the market to grow. Advanced security features such as voice recognition, EMV adoption, and biometrics further aid in securing customer financial transactions, which boost the growth of the ATM market trends.
By deployment solution, the global ATM market was led by the offsite ATM segment in 2019, and is projected to maintain its dominance during the forecast period. The adoption of ATMs has increased in the offsite solution sector, as both public and private ATMs increase service network across various locations such as near airports, market places, railway stations, and general places to provide convenient and easy access to customers. However, the mobile ATMs segment is expected to grow at the highest rate during the forecast period, owing to the fact that mobile ATMs are easily deployed in various locations and aid in convenient cash dispensing.
On the basis of type, smart ATMs are expected to grow at high pace during the forecast period, due to introduction of latest technologies in ATM industry. For instance, apart from cash dispensing, smart ATM allow customers to deposit cash, transfer money between accounts, and even clear checks. Moreover, smart ATM has contactless NFC reader as well as EMV reader, which provide high security to card holder and communicate by smartphones.
Region wise, the ATM market was dominated by Asia-Pacific in 2019, and is expected to retain its position during the forecast period. The major factors that drive the growth of the market in this region include surge in demand for ATM solutions from several developing countries such as the China, Japan, and India and increase in government support for adoption of advance technologies in the banking industry. However, LAMEA is expected to witness the highest growth, due to technological advancements, rise in cash usage, and different government mandates for use of ATM solution in the banking sector.
Key Findings of the Study:
On the basis of deployment solution, the mobile ATMs led the ATM market size, in terms of revenue in 2019.
By type, the smart ATM would attain the highest ATM market share in 2019.
Region wise, Asia-Pacific dominated the ATM market growth in 2019.
The key players profiled in the ATM market analysis are Diebold Nixdorf, Incorporated NCR Corporation, Euronet Worldwide Incorporation, Fujitsu Ltd, GRG Banking Equipment Co. Ltd., Hess Cash Systems GmbH, NHAUSA, NCR Corporation, Source Technologies, and Triton Systems of Delaware LLC.. These key players have adopted various strategies such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to increase their market penetration and strengthen their position in the industry.
Companies Mentioned
- Diebold Nixdorf Inc.rporated NCR Corporation
- Euronet Worldwide Incorporation
- Fujitsu Ltd
- GRG Banking Equipment Co. Ltd.
- Hess Cash Systems GmbH
- NHAUSA
- NCR Corporation
- Source Technologies
- Triton Systems of Delaware LLC
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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