An automated teller machine(ATM) is an electronic banking outlet that allows customers to access all basic transactions of bank such as deposits, withdrawals, view account balance, transfer balance between accounts, and clear check at ATM without the aid of branch representative or teller. ATM facilitates 24/7 availability of banking services to customers. Increase in installation base and maintenance activities has impacted the revenue generation drastically. To perform depositing and cash dispensing from ATM, it is necessary to have an efficient cash management solution. Cash recycling acts as an efficient cash management solution, which offers benefits to banks such as counterfeit detection, complete & total accuracy, and enhanced customer experience. In addition, the automated teller machine (ATM) market is the name given to the global sector of the economy that deals with the production, distribution, use, and service of these devices. Self-service banking devices like ATMs enable people to carry out a variety of financial activities without the help of a human. This market covers a wide range of ATM-related operations, innovations, and services. Furthermore, bank offices, retail outlets, airports, and public areas are just a few of the places where ATMs are installed and managed by ATM operators. Banks themselves or independent ATM providers could be these operators.
The automated teller machine market is driven by the facility of wireless communication in smart ATMs. Banks and ATM operators can remotely monitor, manage, and upgrade smart ATMs that have wireless connectivity. By enabling real-time updates, software upkeep, and troubleshooting, this functionality lowers downtime and operational expenses. Furthermore, increasing demand for cash play a major role for growth of the automated teller machine market. However, lack of security standards could hamper the expansion of automated teller machine markets. In the financial sector, security is crucial. Customers are less inclined to use ATMs for their financial activities when they believe these devices are susceptible to security breaches or fraud. This lack of assurance may affect how many people use ATM services. Furthermore, emergence of online banking services must restrict the automated teller machine market growth. On the contrary, integration of new technologies such as contactless payments, QR codes, and touch screen are opportunity of automated teller machine market. The entire user experience is improved by new technologies like touch screens and intuitive interfaces, which make ATM interactions more engaging and user-friendly. As a result, more people visit ATMs and are motivated to use these cutting-edge devices.
The automated teller machine market is segmented on the basis of solution, solution type, type and region. By solution, the market is segmented into deployment solution, and managed services. By solution type, it is segmented into onsite ATMs, offsite ATMs, worksite ATMs, and mobile ATMs. On the basis of type, it is segmented into conventional/banks ATMs, brown ATMs, white ATMs, cash dispenses ATM, and smart ATMs. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyses the profiles of key players operating in the automated teller machine market such as Diebold Nixdorf, Incorporated., Euronet Worldwide, Inc,, FUJITSU, GRGBanking, HESS Cash Systems, Hitachi Channel Solutions, Corp, Hyosung TNS Inc., NCR Corporation, Source Technologies, and Triton Systems of Delaware, LLC. These players have adopted various strategies to increase their market penetration and strengthen their position in the automated teller machine market.
The automated teller machine market is segmented on the basis of solution, solution type, type and region. By solution, the market is segmented into deployment solution, and managed services. By solution type, it is segmented into onsite ATMs, offsite ATMs, worksite ATMs, and mobile ATMs. On the basis of type, it is segmented into conventional/banks ATMs, brown ATMs, white ATMs, cash dispenses ATM, and smart ATMs. By region, it is analysed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyses the profiles of key players operating in the automated teller machine market such as Diebold Nixdorf, Incorporated., Euronet 360 Finance Limited, FUJITSU, GRGBanking, HESS Cash Systems, Hitachi Channel Solutions, Corp, Hyosung TNS Inc., NCR Corporation, Source Technologies, and Triton Systems of Delaware, LLC. These players have adopted various strategies to increase their market penetration and strengthen their position in the automated teller machine market.
The automated teller machine market is driven by the facility of wireless communication in smart ATMs. Banks and ATM operators can remotely monitor, manage, and upgrade smart ATMs that have wireless connectivity. By enabling real-time updates, software upkeep, and troubleshooting, this functionality lowers downtime and operational expenses. Furthermore, increasing demand for cash play a major role for growth of the automated teller machine market. However, lack of security standards could hamper the expansion of automated teller machine markets. In the financial sector, security is crucial. Customers are less inclined to use ATMs for their financial activities when they believe these devices are susceptible to security breaches or fraud. This lack of assurance may affect how many people use ATM services. Furthermore, emergence of online banking services must restrict the automated teller machine market growth. On the contrary, integration of new technologies such as contactless payments, QR codes, and touch screen are opportunity of automated teller machine market. The entire user experience is improved by new technologies like touch screens and intuitive interfaces, which make ATM interactions more engaging and user-friendly. As a result, more people visit ATMs and are motivated to use these cutting-edge devices.
The automated teller machine market is segmented on the basis of solution, solution type, type and region. By solution, the market is segmented into deployment solution, and managed services. By solution type, it is segmented into onsite ATMs, offsite ATMs, worksite ATMs, and mobile ATMs. On the basis of type, it is segmented into conventional/banks ATMs, brown ATMs, white ATMs, cash dispenses ATM, and smart ATMs. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyses the profiles of key players operating in the automated teller machine market such as Diebold Nixdorf, Incorporated., Euronet Worldwide, Inc,, FUJITSU, GRGBanking, HESS Cash Systems, Hitachi Channel Solutions, Corp, Hyosung TNS Inc., NCR Corporation, Source Technologies, and Triton Systems of Delaware, LLC. These players have adopted various strategies to increase their market penetration and strengthen their position in the automated teller machine market.
The automated teller machine market is segmented on the basis of solution, solution type, type and region. By solution, the market is segmented into deployment solution, and managed services. By solution type, it is segmented into onsite ATMs, offsite ATMs, worksite ATMs, and mobile ATMs. On the basis of type, it is segmented into conventional/banks ATMs, brown ATMs, white ATMs, cash dispenses ATM, and smart ATMs. By region, it is analysed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyses the profiles of key players operating in the automated teller machine market such as Diebold Nixdorf, Incorporated., Euronet 360 Finance Limited, FUJITSU, GRGBanking, HESS Cash Systems, Hitachi Channel Solutions, Corp, Hyosung TNS Inc., NCR Corporation, Source Technologies, and Triton Systems of Delaware, LLC. These players have adopted various strategies to increase their market penetration and strengthen their position in the automated teller machine market.
Key Benefits For Stakeholders
- The study provides in-depth analysis of the global automated teller machine market along with the current & future trends to illustrate the imminent investment pockets.
- Information about key drivers, restrains, & opportunities and their impact analysis on the global automated teller machine market size are provided in the report.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the global automated teller machine market from 2022 to 2032 is provided to determine the market potential.
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Key Market Segments
By Type
- Brown ATMs
- White ATMs
- Cash dispenser ATM
- Smart ATMs
- Conventional/banks ATMs
By Deployment
- Onsite ATMs
- Offsite ATMs
- Worksite ATMs
- Mobile ATMs
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Diebold Nixdorf, Incorporated.
- Euronet Worldwide, Inc.
- Fujitsu
- Hyosung TNS Inc.
- Triton Systems of Delaware, LLC
- HESS Cash Systems GmbH
- Source Technologies
- GRGBanking
- NCR Corporation
- Hitachi Channel Solutions, Corp.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: AUTOMATED TELLER MACHINE MARKET, BY TYPE
CHAPTER 5: AUTOMATED TELLER MACHINE MARKET, BY DEPLOYMENT
CHAPTER 6: AUTOMATED TELLER MACHINE MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
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, Incorporated.
- Euronet Worldwide, Inc.
- Fujitsu
- Hyosung TNS Inc.
- Triton Systems of Delaware, LLC
- HESS Cash Systems GmbH
- Source Technologies
- GRGBanking
- NCR Corporation
- Hitachi Channel Solutions, Corp.
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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