The next-gen atm market size has grown strongly in recent years. It will grow from $3.04 billion in 2023 to $3.27 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth observed in the historical period can be attributed to the heightened demand for digital banking solutions, a rise in cardless transactions, increased adoption of mobile wallets, enhanced spending power, and an uptick in disposable income.
The next-gen atm market size is expected to see strong growth in the next few years. It will grow to $4.45 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The anticipated growth in the forecast period can be attributed to the increasing demand for personalized services and experiences for customers, the drive for enhanced efficiency and reduced costs for financial institutions, the rising adoption of smartphones, and the growing uptake of internet services. Key trends expected in the forecast period include integration with mobile banking apps, the delivery of personalized and user-customized experiences, the implementation of API-based architecture, product innovations, and market expansion.
The anticipated growth of the next-gen ATM market is expected to be driven by the increase in the value of consumers' Purchasing Power Parity (PPP). Purchasing Power Parity serves as a significant macroeconomic indicator that compares currencies across nations through a basket of goods methodology. Unsuch as market rates, PPP exchange rates remain relatively stable over time, providing a more accurate measure of the relative economic productivity and standards of living between countries. This stability aids next-gen ATMs in making informed decisions regarding expansion locations. For instance, the Energy Information Administration reported that the purchasing power annual average index value increased from 270.97 in 2021 to 292.66 in 2022. Consequently, the rise in the value of consumers' PPP is a driving force behind the next-gen ATM market.
The projected growth of the next-gen ATM market is also expected to be fueled by the increasing prevalence of contactless payments. Contactless payments utilize cards, phones, or wearables to swiftly and securely complete transactions without physical contact. Next-generation ATMs are integrating contactless payment options to offer users a faster, more convenient, and hygienic banking experience. In 2021, contactless payments witnessed a significant surge, totaling 13.1 billion transactions, a 36% increase from 2020, and 52% higher than pre-pandemic levels in 2019, according to UK Finance. The total value reached £165.9 billion, up 46% from 2020 and 106% from 2019. With contactless payments constituting a significant portion of debit and credit card transactions, their widespread adoption is driving the next-gen ATM market.
Leading players in the next-gen ATM market are adopting innovative strategies such as strategic collaborations to enhance their market share. These collaborations play a crucial role in advancing the market by fostering innovation, expanding capabilities, and addressing emerging challenges. In February 2021, ACI Worldwide Inc. and Auriga Spa partnered to launch a next-generation ATM acquiring and self-service banking platform. This collaboration integrates ACI's Enterprise Payments Platform with Auriga's Win Webserver, offering improved customer service, centralized ATM security operations, and a consistent consumer experience across channels. The partnership aims to optimize branch and ATM estates, meeting the evolving demands of consumers and the global need for advanced ATM capabilities.
Innovative technologies, such as card-less cash withdrawals, are being created by major players in the next-gen ATM market to improve their market share. Card-less cash withdrawals enable users to access cash at ATMs without using a physical debit or credit card. For instance, in September 2023, Hitachi Payment Services launched a UPI-enabled White Label ATM, allowing for card-less cash withdrawals and enhancing security. This technology offers a unified and secure user experience, contributing to financial inclusion in areas with limited banking infrastructure and promoting modern transaction processing and ATM management solutions.
In June 2021, NCR Corporation, a U.S.-based company specializing in banking software and services for next-gen ATMs, acquired Cardtronics Inc. for approximately $2.5 billion. This strategic acquisition enables NCR Corporation to provide technology solutions and capabilities that enhance business operations. The acquisition aligns with the NCR-as-a-Service strategy, transforming the earnings mix towards software, services, and recurring income while benefiting clients. Cardtronics Inc., the acquired company, is a U.S.-based manufacturer of ATMs.
Major companies operating in the next-gen atm market report are Fujitsu Limited, NCR Corporation, AIB Group plc, Diebold Nixdorf Inc., Euronet Worldwide Inc., OKI Electric Industry Co. Ltd., Hyosung Corporation, ACI Worldwide Inc., EZ Energy USA Inc., GRG Banking Equipment Co. Ltd., Bancsource, Hitachi Payment Services Pvt. Ltd., Nautilus Hyosung America Inc., Monex Financial Services Ltd., Invenco Group Ltd., Aevi International GmbH, HESS Cash Systems GmbH, Puloon Technology Inc., Triton Systems of Delaware LLC, Spinnaker International Ltd., Ark Technologies Group, Citywide ATM Inc., Unified Payments Services Ltd., Genmega Inc., Sharenet Inc., Cypress Advantage, TEKchand Pty Ltd.
North America was the largest region in the next-gen ATM market in 2023. The regions covered in the next-gen atm market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the next-gen atm market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The primary types of next-gen ATMs include cash dispensers, deposit ATMs, cash recycling ATMs, self-service ATMs, self-service kiosks, mobile ATMs, and others. A cash dispenser is a device embedded in the walls of a bank or other establishments that enables customers to withdraw cash using a unique card. Contactless technology, voice recognition, biometrics, video banking, artificial intelligence (AI), and Internet of Things (IoT) integration applications are utilized for bank service agents, retail, and enterprise applications, providing deployment and managed services.
The next-gen ATM research report is one of a series of new reports that provides next-gen ATM market statistics, including the next-gen ATM industry's global market size, regional shares, competitors with next-gen ATM market share, detailed next-gen ATM market segments, market trends and opportunities, and any further data you may need to thrive in the next-gen ATM industry. This next-gen ATM market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The next-gen ATM market consists of revenues earned by entities by providing services such as mobile integrations, remote maintenance and management, and personalized functionality. The market value includes the value of related goods sold by the service provider or included within the service offering. The next-gen ATM market also includes sales of solar-powered ATMs, self-cashed or fully serviced ATMs, smart ATMs, free-standing ATMs, through-the-wall ATMs power switches, security cameras, panic alarms, and radio frequency identification (RFID) access gates, which are used in providing next-gen ATM services. 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).
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.
This product will be delivered within 3-5 business days.
The next-gen atm market size is expected to see strong growth in the next few years. It will grow to $4.45 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The anticipated growth in the forecast period can be attributed to the increasing demand for personalized services and experiences for customers, the drive for enhanced efficiency and reduced costs for financial institutions, the rising adoption of smartphones, and the growing uptake of internet services. Key trends expected in the forecast period include integration with mobile banking apps, the delivery of personalized and user-customized experiences, the implementation of API-based architecture, product innovations, and market expansion.
The anticipated growth of the next-gen ATM market is expected to be driven by the increase in the value of consumers' Purchasing Power Parity (PPP). Purchasing Power Parity serves as a significant macroeconomic indicator that compares currencies across nations through a basket of goods methodology. Unsuch as market rates, PPP exchange rates remain relatively stable over time, providing a more accurate measure of the relative economic productivity and standards of living between countries. This stability aids next-gen ATMs in making informed decisions regarding expansion locations. For instance, the Energy Information Administration reported that the purchasing power annual average index value increased from 270.97 in 2021 to 292.66 in 2022. Consequently, the rise in the value of consumers' PPP is a driving force behind the next-gen ATM market.
The projected growth of the next-gen ATM market is also expected to be fueled by the increasing prevalence of contactless payments. Contactless payments utilize cards, phones, or wearables to swiftly and securely complete transactions without physical contact. Next-generation ATMs are integrating contactless payment options to offer users a faster, more convenient, and hygienic banking experience. In 2021, contactless payments witnessed a significant surge, totaling 13.1 billion transactions, a 36% increase from 2020, and 52% higher than pre-pandemic levels in 2019, according to UK Finance. The total value reached £165.9 billion, up 46% from 2020 and 106% from 2019. With contactless payments constituting a significant portion of debit and credit card transactions, their widespread adoption is driving the next-gen ATM market.
Leading players in the next-gen ATM market are adopting innovative strategies such as strategic collaborations to enhance their market share. These collaborations play a crucial role in advancing the market by fostering innovation, expanding capabilities, and addressing emerging challenges. In February 2021, ACI Worldwide Inc. and Auriga Spa partnered to launch a next-generation ATM acquiring and self-service banking platform. This collaboration integrates ACI's Enterprise Payments Platform with Auriga's Win Webserver, offering improved customer service, centralized ATM security operations, and a consistent consumer experience across channels. The partnership aims to optimize branch and ATM estates, meeting the evolving demands of consumers and the global need for advanced ATM capabilities.
Innovative technologies, such as card-less cash withdrawals, are being created by major players in the next-gen ATM market to improve their market share. Card-less cash withdrawals enable users to access cash at ATMs without using a physical debit or credit card. For instance, in September 2023, Hitachi Payment Services launched a UPI-enabled White Label ATM, allowing for card-less cash withdrawals and enhancing security. This technology offers a unified and secure user experience, contributing to financial inclusion in areas with limited banking infrastructure and promoting modern transaction processing and ATM management solutions.
In June 2021, NCR Corporation, a U.S.-based company specializing in banking software and services for next-gen ATMs, acquired Cardtronics Inc. for approximately $2.5 billion. This strategic acquisition enables NCR Corporation to provide technology solutions and capabilities that enhance business operations. The acquisition aligns with the NCR-as-a-Service strategy, transforming the earnings mix towards software, services, and recurring income while benefiting clients. Cardtronics Inc., the acquired company, is a U.S.-based manufacturer of ATMs.
Major companies operating in the next-gen atm market report are Fujitsu Limited, NCR Corporation, AIB Group plc, Diebold Nixdorf Inc., Euronet Worldwide Inc., OKI Electric Industry Co. Ltd., Hyosung Corporation, ACI Worldwide Inc., EZ Energy USA Inc., GRG Banking Equipment Co. Ltd., Bancsource, Hitachi Payment Services Pvt. Ltd., Nautilus Hyosung America Inc., Monex Financial Services Ltd., Invenco Group Ltd., Aevi International GmbH, HESS Cash Systems GmbH, Puloon Technology Inc., Triton Systems of Delaware LLC, Spinnaker International Ltd., Ark Technologies Group, Citywide ATM Inc., Unified Payments Services Ltd., Genmega Inc., Sharenet Inc., Cypress Advantage, TEKchand Pty Ltd.
North America was the largest region in the next-gen ATM market in 2023. The regions covered in the next-gen atm market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the next-gen atm market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The primary types of next-gen ATMs include cash dispensers, deposit ATMs, cash recycling ATMs, self-service ATMs, self-service kiosks, mobile ATMs, and others. A cash dispenser is a device embedded in the walls of a bank or other establishments that enables customers to withdraw cash using a unique card. Contactless technology, voice recognition, biometrics, video banking, artificial intelligence (AI), and Internet of Things (IoT) integration applications are utilized for bank service agents, retail, and enterprise applications, providing deployment and managed services.
The next-gen ATM research report is one of a series of new reports that provides next-gen ATM market statistics, including the next-gen ATM industry's global market size, regional shares, competitors with next-gen ATM market share, detailed next-gen ATM market segments, market trends and opportunities, and any further data you may need to thrive in the next-gen ATM industry. This next-gen ATM market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The next-gen ATM market consists of revenues earned by entities by providing services such as mobile integrations, remote maintenance and management, and personalized functionality. The market value includes the value of related goods sold by the service provider or included within the service offering. The next-gen ATM market also includes sales of solar-powered ATMs, self-cashed or fully serviced ATMs, smart ATMs, free-standing ATMs, through-the-wall ATMs power switches, security cameras, panic alarms, and radio frequency identification (RFID) access gates, which are used in providing next-gen ATM services. 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).
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.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Next-Gen ATM Market Characteristics3. Next-Gen ATM Market Trends and Strategies32. Global Next-Gen ATM Market Competitive Benchmarking33. Global Next-Gen ATM Market Competitive Dashboard34. Key Mergers and Acquisitions in the Next-Gen ATM Market
4. Next-Gen ATM Market - Macro Economic Scenario
5. Global Next-Gen ATM Market Size and Growth
6. Next-Gen ATM Market Segmentation
7. Next-Gen ATM Market Regional and Country Analysis
8. Asia-Pacific Next-Gen ATM Market
9. China Next-Gen ATM Market
10. India Next-Gen ATM Market
11. Japan Next-Gen ATM Market
12. Australia Next-Gen ATM Market
13. Indonesia Next-Gen ATM Market
14. South Korea Next-Gen ATM Market
15. Western Europe Next-Gen ATM Market
16. UK Next-Gen ATM Market
17. Germany Next-Gen ATM Market
18. France Next-Gen ATM Market
19. Italy Next-Gen ATM Market
20. Spain Next-Gen ATM Market
21. Eastern Europe Next-Gen ATM Market
22. Russia Next-Gen ATM Market
23. North America Next-Gen ATM Market
24. USA Next-Gen ATM Market
25. Canada Next-Gen ATM Market
26. South America Next-Gen ATM Market
27. Brazil Next-Gen ATM Market
28. Middle East Next-Gen ATM Market
29. Africa Next-Gen ATM Market
30. Next-Gen ATM Market Competitive Landscape and Company Profiles
31. Next-Gen ATM Market Other Major and Innovative Companies
35. Next-Gen ATM Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Next-Gen ATM Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on next-gen atm market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for next-gen atm? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Type: Cash Dispensers; Deposit ATMs; Cash Recycling ATMs; Self-Service ATMs; Self-Service Kiosks; Mobile ATMs; Other Types
2) By Solutions: Deployment; Managed Services
3) By Technology: Contactless; Voice Recognition; Biometrics; Video Banking; AI (Artificial intelligence) and IoT (Internet of Things) Integration
4) By Application: Bank Service Agent; Bank; Retail; Enterprises
Key Companies Mentioned: Fujitsu Limited; NCR Corporation; AIB Group plc; Diebold Nixdorf Inc.; Euronet Worldwide Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- Fujitsu Limited
- NCR Corporation
- AIB Group plc
- Diebold Nixdorf Inc.
- Euronet Worldwide Inc.
- OKI Electric Industry Co. Ltd.
- Hyosung Corporation
- ACI Worldwide Inc.
- EZ Energy USA Inc.
- GRG Banking Equipment Co. Ltd.
- Bancsource
- Hitachi Payment Services Pvt. Ltd.
- Nautilus Hyosung America Inc.
- Monex Financial Services Ltd.
- Invenco Group Ltd.
- Aevi International GmbH
- HESS Cash Systems GmbH
- Puloon Technology Inc.
- Triton Systems of Delaware LLC
- Spinnaker International Ltd.
- Ark Technologies Group
- Citywide ATM Inc.
- Unified Payments Services Ltd.
- Genmega Inc.
- Sharenet Inc.
- Cypress Advantage
- TEKchand Pty Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | February 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 3.27 Billion |
| Forecasted Market Value ( USD | $ 4.45 Billion |
| Compound Annual Growth Rate | 8.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 27 |
