07-Feb-2020 | Facts and Factors
Facts and Factors have authored “ATM Market By Solution (Deployment & Managed Services), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026”. Based on our analysis, the global ATM market was approximately USD 20.43 Billion in 2020 and is anticipated to reach around USD 31.73 Billion by 2026. The anticipated CAGR for the ATM market is around 4.9% from 2021 to 2026.
Automatic Teller Machine abbreviated as ATM is a computerized machine that allows the bank account holder to withdraw money or manage his funds on his own just by having an authorized card of the banking institution where the person has a bank account. ATM also allows the account holder to perform various other transactions such as printing a statement, checking balances, sending money, and even depositing cash to the account.
Customers can access ATM service at their choice of ATMs, irrespective of the fact that they have a bank account in some other bank. They are considered as a safe and convenient way to manage money. Today, onsite ATMs are being set up inside the bank premises, where consumers utilize both, the physical bank and ATM. Due to this, these machines are decreasing the workload of the bank staff and enable customers to neglect long queues for transfer of the cash and deposits and removals. In this way, ATMs are decreasing the frequency of errors, allowing the banks to carry transparent financial transactions.
Browse the full “ATM Market By Solution (Deployment & Managed Services), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026” report at https://www.fnfresearch.com/atm-market
The growing trend of automation and reduction in the overall operations costs is the major factor driving the demand for the Automated Teller Machine (ATM). The banking sector has undergone various technological developments over the last few years. It is undergoing rising threats and rising consumer demands & regulatory requirements. The introduction of these machines enabled banks to serve customers 24*7 outside the bank institution. These machines reduced the workload of bank employees, and moreover reduced errors. Overall, ATMs are providing an enhanced experience for both the customers and bankers as well. All these above advantageous factors are driving the growth of the ATM market.
However, growing digitization in developing economies may adversely affect market revenue for the Automated Teller Machine (ATM) in the coming years. The evolution of digital payment solutions such as internet banking, mobile banking, and digital wallets is being witnessed by the payment industry. The shift in consumer preference towards online banking channels and the growing inclination and adoption of mobile payments across various regions is hampering the growth of the global ATM market.
The global ATM market is segmented on the basis of type and application. On the basis of the type, the market is segregated into conventional/bank ATMs, brown label ATMs, white label ATMs, and smart ATMs. Further, on the basis of application, the market is bifurcated into banking and retail. The conventional/bank ATMs hold the largest market share world widely owing to their easy availability of machine infrastructure and facilitate simple handling operations. Smart ATMs holds the least market share as it is nascent among all the types of ATM. Smart ATMs offer the transfer of money between accounts through ATMs, clear cheques, and receive cash deposits apart from cash withdrawal services. It is predicted that it has the potential to grow the market share of ATMs in the future ahead. Banks are the main installer of ATMs and currently, it dominates the global ATM market.
The global ATM market is evaluated into the five major regions including North America, Asia Pacific, Latin America, Europe, and the Middle East, and Africa. North America and Europe are the two leading regional segments generating the major chunk of the market revenue. These regions are further analyzed into the major countries from the regions respectively. Major countries analyzed in this research report are the U.S., Canada, Mexico, UK, Germany, France, China, Japan, India, South Korea, Brazil, and Argentina among others.
Report Scope
Report Attribute |
Details |
Market Size in 2020 |
USD 20.43 Billion |
Projected Market Size in 2026 |
USD 31.73 Billion |
CAGR Growth Rate |
4.9% CAGR |
Base Year |
2020 |
Forecast Years |
2021-2026 |
Key Market Players |
Diebold Nixdorf, Fujitsu Limited, G4S plc., GRGBanking, Hitachi-Omron Terminal Solutions Corp, NCR Corporation, OKI Electric Industry Co. Ltd, and Others |
Key Segments |
By Solution, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Purchase Options |
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Some of the leading players in the global market include
Diebold Nixdorf, Fujitsu Limited, G4S plc., GRGBanking, Hitachi-Omron Terminal Solutions Corp, NCR Corporation, OKI Electric Industry Co. Ltd., Guangzhou KingTeller Technology Co. Ltd, Source Technologies, Triton Systems of Delaware LLC, Nautilus Hyosung Corp, HESS Cash Systems GmbH, and Intertech Bilgi, among others.
This report segments the Global ATM market as follows:
By Solution Segment Analysis
- Deployment
- Onsite ATM
- Offline ATM
- Worksite ATM
- Mobile ATM
- Managed Services
By Regional Segment Analysis
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- The Middle-East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
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