The global ATM market size is expected to reach USD 29.89 billion by 2028 and is projected to register a compound annual growth rate (CAGR) of 4.9% from 2021 to 2028. An Automated Teller Machine (ATM) is a specialized computer that acts as a digital banking outlet for customers to make basic banking transactions using debit and credit cards. An ATM typically comprises a keypad, dispenser, printer, card reader, and display screen to prompt the user through each step of the transaction. Some ATMs handle money and act solely as cash dispensers while some execute various tasks as fund transfer, check and cash deposit, and bill payment.
These machines also allow users to change card passwords and view their bank account balances. Increasing demand for automated systems in developing countries is expected to positively influence the global ATM installed base over the forecast period. However, the market is projected to lose momentum due to a significant increase in the adoption of mobile and internet banking applications.
The rising demand for automation in the banking sector in several developed and emerging countries is expected to fuel the demand for ATMs in the near future. Increased adoption of advanced technologies and digital infrastructure in the banking sector, coupled with the rising demand for quick cash withdrawal by the user, is a major factor expected to drive the market growth. The increasing deployment of ATMs in organizations and financial institutions in developing economies is also anticipated to boost the demand for ATMs over the forecast period.
Onsite ATMs are being deployed in the bank premises to help customers avoid long queues for cash deposits, withdrawals, and cash transfers. The evolving banking infrastructure and an increasing number of onsite ATMs to enhance customer satisfaction are also expected to provide growth opportunities to the growth of the market.
Asia Pacific accounted for the largest share of the market in 2020. The radical economic and industrial development witnessed in recent years has attracted several global banks to developing economies such as India, China, South Korea, and Taiwan. This has helped boost the regional market growth.
The market for ATM is expected to witness a boost after the COVID-19 pandemic is over. The introduction of smart ATMs in developing countries such as India, China, and Japan is expected to augment growth opportunities for the market. Furthermore, cash continues to be the first choice of customers to make payments owing to the convenience involved. The evolution of digital payment solutions such as bitcoin transactions and mobile banking will hamper the market growth in the long run.
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The rising demand for automation in the banking sector in several developed and emerging countries is expected to fuel the demand for ATMs in the near future. Increased adoption of advanced technologies and digital infrastructure in the banking sector, coupled with the rising demand for quick cash withdrawal by the user, is a major factor expected to drive the market growth. The increasing deployment of ATMs in organizations and financial institutions in developing economies is also anticipated to boost the demand for ATMs over the forecast period.
Onsite ATMs are being deployed in the bank premises to help customers avoid long queues for cash deposits, withdrawals, and cash transfers. The evolving banking infrastructure and an increasing number of onsite ATMs to enhance customer satisfaction are also expected to provide growth opportunities to the growth of the market.
Asia Pacific accounted for the largest share of the market in 2020. The radical economic and industrial development witnessed in recent years has attracted several global banks to developing economies such as India, China, South Korea, and Taiwan. This has helped boost the regional market growth.
The market for ATM is expected to witness a boost after the COVID-19 pandemic is over. The introduction of smart ATMs in developing countries such as India, China, and Japan is expected to augment growth opportunities for the market. Furthermore, cash continues to be the first choice of customers to make payments owing to the convenience involved. The evolution of digital payment solutions such as bitcoin transactions and mobile banking will hamper the market growth in the long run.
ATM Market Report Highlights
- In terms of solution, the deployment segment dominated the market in 2020. The segment accounted for over 50% of the overall industry in 2020
- The thriving tourism industry plays a vital role in assisting the market growth. ATMs allow foreign tourists to easily exchange currency through the Dynamic Currency Conversion feature
- In terms of region, the Asia Pacific market is expected to be a fast-mover, with the rapidly developing Chinese and Indian economies spearheading market growth
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Table of Contents
Chapter 1. Methodology and Scope1.1. Research Methodology
1.2. Information Procurement
1.2.1. Purchased Database
1.2.2. Internal Database
1.2.3. List of Primary Sources
1.2.4. List of Secondary Sources
1.3. Information Analysis
1.3.1. Data Analysis Model
1.4. Market Formulation & Data Visualization
1.5. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Summary
Chapter 3. ATM Market Variables, Trends & Scope
3.1. Market Segmentation
3.2. Market Size And Growth Prospects
3.3. Global ATM Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraints Analysis
3.3.3. Market Opportunity Analysis
3.4. Industry Value Chain Analysis
3.5. Penetration And Growth Prospect Mapping
3.6. ATM Market Key Company Ranking Analysis, 2020
3.7. Market Analysis Tools
3.7.1. ATM Industry Analysis - Porter’s
3.7.2. ATM Industry Analysis - PEST Analysis
3.8. Impact Of COVID-19 On ATM Market
Chapter 4. ATM Market: Solution Outlook
4.1. Market Size Estimates & Forecasts And Trend Analysis, 2018 - 2028 (Revenue, USD Million)
4.2. Deployment
4.2.1. Market Estimates And Forecasts By Region, 2018 - 2028 (Revenue, USD Million)
4.2.2. Onsite ATM
4.2.3. Market Estimates And Forecasts By Region, 2018 - 2028 (Revenue, USD Million)
4.2.4. Offsite ATM
4.2.5. Market Estimates And Forecasts By Region, 2018 - 2028 (Revenue, USD Million)
4.2.6. Worksite ATM
4.2.7. Market Estimates And Forecasts By Region, 2018 - 2028 (Revenue, USD Million)
4.2.8. Mobile ATM
4.2.9. Market Estimates And Forecasts By Region, 2018 - 2028 (Revenue, USD Million)
4.3. Managed Service
4.3.1. Market Estimates And Forecasts By Region, 2018 - 2028 (Revenue, USD Million)
Chapter 5. ATM Market: Regional Outlook
5.1. ATM Market, By Region, 2020 & 2028
5.2. North America
5.2.1. Market Estimates And Forecasts By Country, 2018 - 2028 (Revenue, USD Million)
5.2.2. Market Estimates And Forecasts By Solution, 2018 - 2028 (Revenue, USD Million)
5.2.3. U.S.
5.2.3.1. Market Estimates And Forecasts By Solution, 2018 - 2028 (Revenue, USD Million)
5.2.4. Canada
5.2.4.1. Market Estimates And Forecasts By Solution, 2018 - 2028 (Revenue, USD Million)
5.3. Europe
5.3.1. Market Estimates And Forecasts By Country, 2018 - 2028 (Revenue, USD Million)
5.3.2. Market Estimates And Forecasts By Solution, 2018 - 2028 (Revenue, USD Million)
5.3.3. U.K.
5.3.3.1. Market Estimates And Forecasts By Solution, 2018 - 2028 (Revenue, USD Million)
5.3.4. Germany
5.3.4.1. Market Estimates And Forecasts By Solution, 2018 - 2028 (Revenue, USD Million)
5.4. Asia Pacific
5.4.1. Market Estimates And Forecasts By Country, 2018 - 2028 (Revenue, USD Million)
5.4.2. Market Estimates And Forecasts By Solution, 2018 - 2028 (Revenue, USD Million)
5.4.3. China
5.4.3.1. Market Estimates And Forecasts By Solution, 2018 - 2028 (Revenue, USD Million)
5.4.4. India
5.4.4.1. Market Estimates And Forecasts By Solution, 2018 - 2028 (Revenue, USD Million)
5.4.5. Japan
5.4.5.1. Market Estimates And Forecasts By Solution, 2018 - 2028 (Revenue, USD Million)
5.5. Latin America
5.5.1. Market Estimates And Forecasts By Country, 2018 - 2028 (Revenue, USD Million)
5.5.2. Market Estimates And Forecasts By Solution, 2018 - 2028 (Revenue, USD Million)
5.5.3. Brazil
5.5.3.1. Market Estimates And Forecasts By Solution, 2018 - 2028 (Revenue, USD Million)
5.5.4. Mexico
5.5.4.1. Market Estimates And Forecasts By Solution, 2018 - 2028 (Revenue, USD Million)
5.6. Middle East And Africa
5.6.1. Market Estimates And Forecasts By Country, 2018 - 2028 (Revenue, USD Million)
5.6.2. Market Estimates And Forecasts By Solution, 2018 - 2028 (Revenue, USD Million)
Chapter 6. Competitive Landscape
6.1. Cashway Fintech Co., Ltd.
6.1.1. Company Overview
6.1.2. Financial Performance
6.1.3. Product Benchmarking
6.1.4. Recent Developments
6.2. Diebold Inc.
6.2.1. Company Overview
6.2.2. Financial Performance
6.2.3. Product Benchmarking
6.2.4. Recent Developments
6.3. Euronet Worldwide
6.3.1. Company Overview
6.3.2. Financial Performance
6.3.3. Product Benchmarking
6.3.4. Recent Developments
6.4. Fujitsu
6.4.1. Company Overview
6.4.2. Financial Performance
6.4.3. Product Benchmarking
6.4.4. Recent Developments
6.5. Genmega Inc.
6.5.1. Company Overview
6.5.2. Financial Performance
6.5.3. Product Benchmarking
6.5.4. Recent Developments
6.6. GRG Banking
6.6.1. Company Overview
6.6.2. Financial Performance
6.6.3. Product Benchmarking
6.6.4. Recent Developments
6.7. Guangzhou King Teller Technology Co., Ltd.
6.7.1. Company Overview
6.7.2. Financial Performance
6.7.3. Product Benchmarking
6.7.4. Recent Developments
6.8. Hitachi-Omron Terminals Solutions Corporation
6.8.1. Company Overview
6.8.2. Financial Performance
6.8.3. Product Benchmarking
6.8.4. Recent Developments
6.9. Nautilus Hyosung
6.9.1. Company Overview
6.9.2. Financial Performance
6.9.3. Product Benchmarking
6.9.4. Recent Developments
6.10. NCR Corporation
6.10.1. Company Overview
6.10.2. Financial Performance
6.10.3. Product Benchmarking
6.10.4. Recent Developments
6.11. OKI Electric
6.11.1. Company Overview
6.11.2. Financial Performance
6.11.3. Product Benchmarking
6.11.4. Recent Developments
6.12. Paycorp Group (Pty) Ltd
6.12.1. Company Overview
6.12.2. Financial Performance
6.12.3. Product Benchmarking
6.12.4. Recent Developments
6.13. Source Technologies (APCT Holdings, LLC)
6.13.1. Company Overview
6.13.2. Financial Performance
6.13.3. Product Benchmarking
6.13.4. Recent Developments
6.14. Triton Systems of Delaware LLC
6.14.1. Company Overview
6.14.2. Financial Performance
6.14.3. Product Benchmarking
6.14.4. Recent Developments
List of Tables
Table 1 ATM - Industry snapshot & key buying criteria, 2018 - 2028
Table 2 Global ATM market, 2018 - 2028 (USD Million)
Table 3 Global market estimates and forecast by region, 2018 - 2028 (USD Million)
Table 4 Global market estimates and forecast by solution, 2018 - 2028 (USD Million)
Table 5 Global market estimates and forecast by deployment, 2018 - 2028 (USD Million)
Table 6 Key ATM vendors
Table 7 Market strategy overview
Table 8 ATM- Key market driver impact
Table 9 Product Comparison
Table 10 Global deployment demand 2018 - 2028 (USD Million)
Table 11 Global deployment demand by region 2018 - 2028 (USD Million)
Table 12 Global onsite ATM demand 2018 - 2028 (USD Million)
Table 13 Global onsite ATM demand by region 2018 - 2028 (USD Million)
Table 14 Global offsite ATM demand 2018 - 2028 (USD Million)
Table 15 Global offsite ATM demand by region 2018 - 2028 (USD Million)
Table 16 Global worksite ATM demand 2018 - 2028 (USD Million)
Table 17 Global worksite ATM demand by region 2018 - 2028 (USD Million)
Table 18 Global mobile ATM demand 2018 - 2028 (USD Million)
Table 19 Global mobile ATM demand by region 2018 - 2028 (USD Million)
Table 20 Global managed service demand 2018 - 2028 (USD Million)
Table 21 Global managed service demand by region 2018 - 2028 (USD Million)
Table 22 North America market by solution 2018 - 2028 (USD Million)
Table 23 Latin America market by solution 2018 - 2028 (USD Million)
Table 24 Europe market by solution 2018 - 2028 (USD Million)
Table 25 Asia Pacific market by solution 2018 - 2028 (USD Million)
Table 26 MEA market by solution 2018 - 2028 (USD Million)List of Figures
Fig. 1 ATM market segmentation
FIG. 2 ATM market, 2018 - 2028 (USD Million)
FIG. 3 ATM value chain analysis
FIG. 4 ATM market dynamics
FIG. 5 Key opportunities - Prioritized
FIG. 6 ATM - Porter’s analysis
FIG. 7 ATM company market share analysis, 2020
FIG. 8 ATM- PESTEL analysis
FIG. 9 ATM market share by solution, 2018 & 2028
FIG. 10 Global deployment demand, 2018 - 2028 (USD Million)
FIG. 11 Global onsite ATM demand, 2018 - 2028 (USD Million)
FIG. 12 Global offsite ATM demand, 2018 - 2028 (USD Million)
FIG. 13 Global worksite ATM demand, 2018 - 2028 (USD Million)
FIG. 14 Global mobile ATM demand, 2018 - 2028 (USD Million)
FIG. 15 Global managed service demand, 2018 - 2028 (USD Million)
FIG. 16 ATM market share by region, 2016 & 2028
FIG. 17 North America market by solution, 2018 - 2028 (USD Million)
FIG. 18 North America market by deployment, 2018 - 2028 (USD Million)
FIG. 19 Latin America market by solution, 2018 - 2028 (USD Million)
FIG. 20 Latin America market by deployment, 2018 - 2028 (USD Million)
FIG. 21 Europe market by solution, 2018 - 2028 (USD Million)
FIG. 22 Europe market by deployment, 2018 - 2028 (USD Million)
FIG. 23 Asia Pacific market by solution, 2018 - 2028 (USD Million)
FIG. 24 Asia Pacific market by deployment, 2018 - 2028 (USD Million)
FIG. 25 MEA market by solution, 2018 - 2028 (USD Million)
FIG. 26 MEA market by deployment, 2018 - 2028 (USD Million)
Companies Mentioned
- Cashway Fintech Co., Ltd.
- Diebold Inc.
- Euronet Worldwide
- Fujitsu
- Genmega Inc.
- GRG Banking
- Guangzhou King Teller Technology Co., Ltd.
- Hitachi-Omron Terminals Solutions Corporation
- Nautilus Hyosung
- NCR Corporation
- OKI Electric
- Paycorp Group (Pty) Ltd
- Source Technologies (APCT Holdings, LLC)
- Triton Systems of Delaware LLC
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 140 |
| Published | August 2021 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 21.44 billion |
| Forecasted Market Value ( USD | $ 29.89 billion |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 14 |
