Global ATM Market Projected to Reach USD 31.73 Billion by 2026

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.

ATM Market

Request Sample Request Customization Buy Now

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

Request customized purchase options to meet your research needs. Explore purchase options

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
    • U.S.
    • Canada
  • 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

About Us:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Contact Us:

Facts & Factors
A - 2108, Sargam,
Nanded City,
Sinhagad Road,
Pune 411041, India
USA: +1-347-989-3985
Email: [email protected]
Web: https://www.fnfresearch.com

 


Latest Market Research Reports

report img

Cloud Based Collaboration Software Market Report 2024 – 2032

[226+ Pages Report] According to Facts and Factors,the global cloud-based collaboration software market size was valued at USD 10.75 billion in 2023 and is predicted to surpass USD 33.60 billion by the end of 2032. The cloud-based collaboration software industry is expected to grow by a CAGR of 13.

Published Date : 26-Feb-2024 | | Category : Technology & Media | Pages : 226 | Format : Read more

Inquiry for Buying Request Sample
report img

Industrial Plant Derived Cleaning Ingredients Market Report 2024 – 2032

[221+ Pages Report] According to Facts and Factors,the global industrial plant derived cleaning ingredients market size was valued at USD 5,126.35 million in 2023 and is predicted to surpass USD 9,795.57 million by the end of 2032. The industrial plant derived cleaning ingredients industry is expec

Published Date : 21-Feb-2024 | | Category : Chemical & Materials | Pages : 221 | Format : Read more

Inquiry for Buying Request Sample
report img

Ophthalmic Laser Market Report 2024 – 2032

[220+ Pages Report] According to Facts and Factors,the global ophthalmic laser market size was valued at USD 1,358.79 million in 2023 and is predicted to surpass USD 2,126.07 million by the end of 2032. The ophthalmic laser industry is expected to grow by a CAGR of 5.76% between 2024 to 2032. Ophth

Published Date : 20-Feb-2024 | | Category : Medical Device | Pages : 220 | Format : Read more

Inquiry for Buying Request Sample
report img

Intraoperative Imaging Market Report 2024 – 2032

[219+ Pages Report] According to Facts and Factors,the global intraoperative imaging market size was valued at USD 3,471.52 million in 2023 and is predicted to surpass USD 6,286.27 million by the end of 2032. The intraoperative imaging industry is expected to grow by a CAGR of 7.70% between 2024 to

Published Date : 19-Feb-2024 | | Category : Healthcare | Pages : 219 | Format : Read more

Inquiry for Buying Request Sample
report img

Plant-based Food Colors Market Report 2024 – 2032

[216+ Pages Report] According to Facts and Factors,the global plant-based food colors market size was valued at USD 9.65 billion in 2023 and is predicted to surpass USD 15.31 billion by the end of 2032. The plant-based food coloring industry is expected to grow by a CAGR of 5.94% between 2024 to 20

Published Date : 16-Feb-2024 | | Category : Food & Beverages | Pages : 216 | Format : Read more

Inquiry for Buying Request Sample

Why FnF Market Research?

1 Inflallible Methodology

to ensure high-level data integrity, accurate analysis, and impeccable forecasts

2 Analyst Support

for complete satisfaction

3 Customization

on-demand customization of scope of the report to exactly meet your needs

4 Targeted Market View

Targeted market view to provide pertinent information and save time of readers

5 Agile Approach

A faster and efficient way to cater to the needs with continuous iteration