The global ATM (Automated Teller Machine) market reached a value of US$ 21.03 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 28.37 Billion by 2027, exhibiting a CAGR of 5.2% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
An automated teller machine (ATM) is an electronic banking machine that enables consumers to perform basic transactions using credit or debit cards. It is a specialized computer that manages money and performs functions such as cash withdrawal, cash deposit and fund transfer. An ATM consists of a card reader, keypad, cash dispenser, printer and a display screen through which relevant account balance information is conveyed to the user. As compared to traditional bank tellers, ATMs serve as a quick, convenient and self-serving alternative for a smooth financial transaction.
Growing urbanization and digitalization in both the emerging and developed economies is the primary factor driving the growth of the market. The key features of ATMs, such as 24x7 availability of cash, along with provisions for fund transfer and bill payments, have favored their widespread acceptance across the globe. Additionally, improved security mechanisms such as biometric authentication and One Time Password (OTP) services to prevent fraudulent transactions, coupled with the introduction of Talking ATMs for individuals with special needs, are also augmenting the growth of the market. Furthermore, the thriving tourism industry is another significant factor driving the market. These machines serve as a convenient currency exchange option for international tourists through features such as Dynamic Currency Conversion (DCC). Apart from this, ATMs play a crucial role in reducing the overall workload of bank employees and aid the consumer to skip long queues for cash transfers and deposits. ATMs also reduce the frequency of human error, thus assisting banks in ensuring efficient operations along with seamless experience for the consumer.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global ATM market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on solution, screen size, application and ATM type.
Breakup by Solution:
- Deployment Solutions
- Onsite ATMs
- Offsite ATMs
- Work Site ATMs
- Mobile ATMs
- Managed Services
Breakup by Screen Size:
Breakup by Application:
Breakup by ATM Type:
- Conventional/Bank ATMs
- Brown Label ATMs
- White Label ATMs
- Smart ATMs
- Cash Dispensers
Breakup by Region:
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
The report has also analysed the competitive landscape of the market with some of the key players being Diebold Inc., Wincor Nixdorf AG, NCR Corporation, Triton Systems of Delaware, Hitachi-Omron Terminal Solutions, GRG Banking Equipment Co. Ltd., OKI Electric Industry co. Ltd., Nautilus Hyosung Corporation, HESS Cash Systems GmbH & Co KG, Fujitsu Ltd., Euronet Worldwide, Brink's Company, etc.
|Base Year of the Analysis
||Solution, Screen Size, Application, ATM Type, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||Diebold Inc., Wincor Nixdorf AG, NCR Corporation, Triton Systems of Delaware, Hitachi-Omron Terminal Solutions, GRG Banking Equipment Co. Ltd., OKI Electric Industry co. Ltd., Nautilus Hyosung Corporation, HESS Cash Systems GmbH & Co KG, Fujitsu Ltd., Euronet Worldwide and Brink's Company
||10% Free Customization
|Report Price and Purchase Option
||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support
||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report:
- How has the global ATM market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global ATM industry?
- What has been the impact of COVID-19 on the global ATM industry?
- What is the breakup of the market based on the solution?
- What is the breakup of the market based on the screen size?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the ATM type?
- What are the various stages in the value chain of the global ATM industry?
- What are the key driving factors and challenges in the global ATM industry?
- What is the structure of the global ATM industry and who are the key players?
- What is the degree of competition in the global ATM industry?