[225+ Pages PDF Report] Global ATM market was approximately USD 16 billion in 2019 and is anticipated to reach around USD 31 billion by 2026. The anticipated CAGR for the ATM market is around 7% from 2020 to 2027.
The report comprises the forecast as well as in-depth insights into the ATM market on a regional and country level. The report presents historical data from 2016 to 2019 and an estimated revenue-based (USD Million) projection from 2020 to 2026. Additionally, the market growth drivers, limitations, opportunities, and trends are also included in the ATM market report.
In our research study, we have included industry analytical models and thoroughly illustrated the key business strategies and competitive global ATM market landscape in our report.
In addition, our study consists of an analysis of Porter's Five Forces model to understand the competitive strategies that market competitors outsource. Our researchers also provide PESTLE and SWOT market tools for analyzing.
The report also offers an in-depth analysis of the market share of each industry player and gives an outline of the market position of key players in the ATM market. Moreover, the study offers wide coverage of key strategic improvements witnessed in the market such as acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, R&D activities, and geographical expansion of key players of the ATM market.
The study provides a decisive view of the ATM market by segmenting the market based on type, application, and regions. The scope of the market has been evaluated on the basis of present and future trends and the market is estimated from 2020 to 2026. The geographic segmentation covers current and projected demand for Europe, North America, Asia Pacific, Middle East & Africa, and Latin America.
The rise in technological advancements has led to automation across various industry verticals worldwide. The implementation of ATM machines in the banking sector has improved bankers' efficiency and productivity. Certain factors are leading this global ATM market. Industries across the regions are undergoing digital transformation phase. Due to this phase, the adoption of online banking, e-wallets, and mobile banking have increased rapidly. This is impacting the ATM market negatively as the substitutes present in the market are fast, convenient, and secure transactions.
The ATM market has been segmented on the basis of application and type. The market is fragmented into conventional/bank ATMs, brown label ATMs, white label ATMs, and smart ATMs. Furthermore, the application segment is stratified into the banking and retail industry based on demand. Banks are the major installers of the ATMs and currently, it holds the largest market share. The retail banking industry focuses on simplifying the customer’s transaction process with banks. Rise in demand for service channels to manage funds has led the banks to offer advanced functionality on ATMs such as cash deposit and transaction between accounts in ATM. Certain facilities are being offered by smart ATMs. At present, it holds less market share as it is newly implemented. Thus, it is anticipated that smart ATMs will play a significant role in influencing the demand of the global ATM market in future years.
Key players operating in the global ATM market are GRG Banking, Nautilus Hyosung, Diebold Nixdorf, Hitachi, ITM, Fujitsu, OKI, NCR, Keba, and Synkey Group.
Key Insights from Primary Research
Key Recommendations from Analysts
Market Demand Volume Share– By Type
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