Automatic Teller Machine (ATM) Security Global Market Report 2024

The automatic teller machine (atm) security market size has grown strongly in recent years. It will grow from $16.68 billion in 2023 to $17.77 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth observed during the historic period can be ascribed to several factors, including heightened ATM usage, the proliferation of card skimming threats, the global expansion of ATM networks, an increase in cybersecurity threats, and the imperative adherence to regulatory compliance measures.

The automatic teller machine (atm) security market size is expected to see strong growth in the next few years. It will grow to $22.63 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The anticipated growth in the forecast period is attributable to various factors, notably the heightened public awareness of ATM fraud, advancements in biometric authentication, the adoption of next-generation encryption, the integration of artificial intelligence (AI) and machine learning in fraud detection, and the implementation of secure software development practices. Major trends projected for the forecast period encompass collaboration and information sharing, remote monitoring and management, technological advancements, the enhancement of physical security measures, and the utilization of anti-skimming technologies.

The rising occurrences of ATM fraud are anticipated to drive the expansion of the ATM security market in the future. An ATM is a specialized computerized device facilitating various banking transactions without human intervention or visiting a physical bank branch. Security measures for ATMs protect against fraud and unauthorized access, ensuring safe operations and safeguarding users' financial information. These measures encompass PIN authentication, encryption, surveillance, and physical security features. For example, in April 2022, the Federal Bureau of Investigation reported 254 ATM thefts in 2021, marking a 10% increase from 2020's 229 incidents. Hence, the surge in ATM fraud incidents is poised to propel the growth of the ATM security market.

Major players in the ATM security market are focused on developing innovative product solutions, such as a2m passive, to enhance ATM security and functionality, thereby gaining a competitive edge. The a2m passive is a slimline solution featuring ink or adhesive quickly fitted into the lid of any ATM cassette, maintaining 100% banknote capacity. If an attempt is made to explode the ATM using gas or solid explosives, the system triggers, coating the banknotes with a permanent smart ink stain or adhesive, rendering the cash worthless. For instance, in September 2023, Secure Innovation, a UK-based provider of protection products and custom control solutions, introduced the a2m passive. Certified worldwide, the a2m passive offers comprehensive end-to-end protection for ATM cash, presenting an economical and rapidly deployable solution to deter ATM explosive attacks. It is simple to install, cost-effective, and requires minimal maintenance, providing swift security against attacks and deterring criminals.

In April 2021, Brink Inc., a US-based secure logistics and cash management services provider, acquired PAI Inc. for $213 million as part of its strategy to offer comprehensive and innovative solutions, including full-service ATM management and digital solutions. PAI's proprietary technology enables Brink's to provide a complete range of ATM services. PAI Inc. is a US-based provider of ATM portfolio management tools and services.

Major companies operating in the automatic teller machine (atm) security market report are Fujitsu Limited, NCR Corporation, Brink Incorporated., Diebold Nixdorf Inc., Euronet Worldwide Inc., CMS Info Systems Ltd., Cardtronics Inc., GRG Banking Equipment Co. Ltd., ScienceSoft USA Corporation, Triton Systems of Delaware LLC, Protection Technology LLC, Cennox Inc., Nautilus Hyosung America (Hyosung TNS Inc.), Cash Connect, 3SI Security Systems, Secure Innovation Inc., Auriga, Penki KontinentAI Group, KAL ATM Software GmbH, HESS Cash Systems GmbH, LD Systems, TMD Security GmbH, Atlanta Computer Group Inc., Hitachi Channel Solutions Corp., Genmega Inc.

North America was the largest region in the automatic teller machine (ATM) security market in 2023. The regions covered in the automatic teller machine (atm) security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automatic teller machine (ATM) security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The automatic teller machine (ATM) security market includes revenues earned by entities by providing services such as ATM surveillance and monitoring, anti-skimming solutions and biometric authentication. The market value includes the value of related goods sold by the service provider or included within the service offering. The automatic teller machine (ATM) security market also includes sales of security software, ATM security hardware and cash handling and management devices. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

Automatic teller machine (ATM) security pertains to the comprehensive strategies and technologies implemented to protect both automatic teller machines (ATMs) and the financial transactions conducted through them. This involves preventing unauthorized access, fraud, and physical threats.

The primary components of automatic teller machine (ATM) security comprise software and services. Software denotes a collection of instructions and data enabling computers to execute specific tasks and functions. In the context of ATM security, software is utilized to safeguard automated teller machines against unauthorized access, fraud, and data breaches. Its purpose is to ensure the confidentiality and integrity of financial transactions. This software is applied to both onsite and offsite ATMs, facilitating fraud detection, security management, anti-skimming measures, and various other applications within the banking and related verticals.

The automatic teller machine (ATM) security market research report is one of a series of new reports that provides automatic teller machine (ATM) security market statistics, including automatic teller machine (ATM) security industry global market size, regional shares, competitors with an automatic teller machine (ATM) security market share, detailed automatic teller machine (ATM) security market segments, market trends and opportunities, and any further data you may need to thrive in the automatic teller machine (ATM) security industry. This automatic teller machine (ATM) security market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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