The global market for Automated Teller Machines (ATMs) is estimated at US$24.3 Billion in 2023 and is projected to reach US$34.8 Billion by 2030, growing at a CAGR of 5.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the ATM market is driven by several factors. Technological advancements, such as the integration of artificial intelligence and machine learning, are enabling more personalized and efficient customer interactions. The increasing demand for financial inclusion in developing regions is spurring the installation of ATMs in remote and underserved areas, bridging the gap between rural populations and banking services. Consumer behavior is also a key driver, with a sustained preference for cash transactions in many parts of the world despite the rise of digital payment methods. Furthermore, the expanding functionalities of ATMs, including services like biometric authentication and QR code payments, cater to the evolving needs of tech-savvy consumers. Lastly, regulatory support for ATM deployment and upgrades, particularly in emerging markets, is fostering a favorable environment for market expansion. As a result, the global ATM market is expected to continue its robust growth trajectory in the coming years.
The growth in the ATM market is driven by several factors. Technological advancements, such as the integration of artificial intelligence and machine learning, are enabling more personalized and efficient customer interactions. The increasing demand for financial inclusion in developing regions is spurring the installation of ATMs in remote and underserved areas, bridging the gap between rural populations and banking services. Consumer behavior is also a key driver, with a sustained preference for cash transactions in many parts of the world despite the rise of digital payment methods. Furthermore, the expanding functionalities of ATMs, including services like biometric authentication and QR code payments, cater to the evolving needs of tech-savvy consumers. Lastly, regulatory support for ATM deployment and upgrades, particularly in emerging markets, is fostering a favorable environment for market expansion. As a result, the global ATM market is expected to continue its robust growth trajectory in the coming years.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the 15” & Below Screen Size ATMs segment, which is expected to reach US$23.1 Billion by 2030 with a CAGR of a 4.7%. The Above 15 Screen Size ATMs segment is also set to grow at 6.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $6.4 Billion in 2023, and China, forecasted to grow at an impressive 8.0% CAGR to reach $7.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Automated Teller Machines (ATMs) Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Automated Teller Machines (ATMs) Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Automated Teller Machines (ATMs) Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Automatia Pankkiautomaatit Oy, Banking Automation Ltd., BankUnited, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 292 Featured):
- Automatia Pankkiautomaatit Oy
- Banking Automation Ltd.
- BankUnited
- Banqit AB
- Cashway Technology Co., Ltd.
- Chungho Comnet Co., Ltd.
- Diebold Nixdorf, Inc.
- Eastcom Co., Ltd.
- Euronet Worldwide, Inc.
- First Merit Bank
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- Automatia Pankkiautomaatit Oy
- Banking Automation Ltd.
- BankUnited
- Banqit AB
- Cashway Technology Co., Ltd.
- Chungho Comnet Co., Ltd.
- Diebold Nixdorf, Inc.
- Eastcom Co., Ltd.
- Euronet Worldwide, Inc.
- First Merit Bank
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 318 |
Published | December 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 24.3 Billion |
Forecasted Market Value ( USD | $ 34.8 Billion |
Compound Annual Growth Rate | 5.2% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |