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ATM Market

ATM Market Size, Share & Segmentation by Solution (Deployment [Onsite ATM, Offsite ATM, Worksite ATM, Mobile ATM] and Managed Service), by Type (Conventional/Bank ATMs, Brown ATMs, White ATMs, Cash Dispenser ATM, Smart ATMs), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/ICT/1281 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The ATM Market size was valued at USD 20.34 Bn in 2021 and is expected to reach at USD 29.20 Bn by 2028, and grow at a CAGR of 5.31% over the forecast period 2022-2028.

In the absence of a teller or a branch employee, an Automated Teller Machine (ATM) is an electronic banking outlet that allows consumers to execute simple transactions. Most ATMs are easily accessible to those who have credit or debit cards. Banks and credit unions own ATMs in various circumstances. Individuals and corporations can, however, purchase or lease ATMs directly or through an ATM franchise. The financial model for ATMs owned by individuals or small companies such as restaurants or petrol stations is based on charging fees to ATM users. Customers may use ATMs to get banking services at any time. Increased installation base and maintenance operations have had a significant influence on income generation. It is vital to have an effective cash management solution in order to accomplish ATM depositing and cash distribution. Cash recycling is a cost-effective cash management system that provides banks with benefits including counterfeit identification, full and absolute accuracy, and improved customer service.

ATM Market

Customers in many nations select cash as their preferred method of payment due to its ease. Customers are looking for quicker, more reliable, secure, and convenient ways to access cash as technology advances, which is a major element driving the worldwide ATM industry forward. Furthermore, the market's expansion is fueled by rising demand for ATMs, rising costs of operating, handling, and transporting ATM equipment, and rising ATM security costs.

MARKET DYNAMICS:

KEY DRIVERS:

  • Cash is the favored mode of payment in many nations due to its ease.

  • Cash access is quicker, more dependable, secure, and easy.

  • In both emerging and developed countries, the demand for automation in the banking sector is growing.

RESTRAINTS:

  • Managing, handling, and transporting ATM equipment is becoming more expensive.

  • ATM security expenditures are increasing.

OPPORTUNITY:

  • Integration of IoT data analysis, digital convergence, biometrics, and cyber security are all examples of key technological achievements.

  • Biometrics, fingerprints, and other security mechanisms have improved.

CHALLENGES:

  • Digitalization progress in developing countries

  • Internet banking channels make transactions simple, quick, and safe, restricting the expansion of the industry.

IMPACT OF COVID-19:

Automated Teller Machine (ATM) firms are expected to create excellent crisis-management methods, with a focus on next-generation goods and solutions, to emerge positively from the COVID-19 problem. R&D funds for Automated Teller Machines (ATMs) are being cut modestly. Market trends for Automated Teller Machines (ATMs) are constantly monitored. Investment/divestment strategies that are systematic Launching marketing initiatives with care, Long-term contracts are being strengthened.

Manufacturing and other heavy sectors have faced operational issues in the global semiconductors, electronics, information, communication, and technology business during the last two years. Datacenter services, cloud computing, and other online support industries, on the other hand, benefited greatly from market changes.

In the Automated Teller Machine (ATM) business, both recovery scenarios predict a year-over-year revenue increase in 2021. Most end-user markets are still recovering, owing to weaker demand in 2020 than in prior years. Through regular monitoring of industry movements and geopolitical reactions, Automated Teller Machine (ATM) organizations will have to establish long-term plans, examine prospective scenarios, and re-orient both strategy and operations to developing market trends beyond 2021.

MARKET ESTIMATION:

The automated teller machine (ATM) market is divided into deployment and managed service segments based on the solution. ATM deployment solutions will lead the market in 2021, accounting for more than half of the whole market. Installing, setting up, testing, operating, and implementing an ATM are all part of the deployment process. Onsite, offsite, workplace and mobile ATMs are several types of ATMs.

On-site ATMs are positioned within or near the bank and can be used in conjunction with the physical branch. By avoiding long lineups for withdrawals, cash deposits, and transfers on bank premises, these ATMs save the strain of bank employees. These ATMs also lower the likelihood of mistakes during withdrawals and deposits, allowing banks to do business smoothly.

From 2022 to 2028, the mobile ATM category is expected to increase significantly. A mobile ATM is a moveable ATM system that is deliberately positioned in high-traffic areas such as trade shows, social gatherings, and sporting events to alleviate traffic. Mobile ATMs give banks more flexibility while also improving their branding and advertising.

Financial institutions can outsource non-core functions to a specialized and skilled service provider, allowing them to focus on their main financial businesses. Several industry participants, including NCR Corporation and Diebold Nixdorf, provide low-cost managed services. Managed services help financial institutions enhance their infrastructure for multichannel delivery and improve client retention, acquisition, and cross-selling opportunities. Reduced operational and infrastructure investment costs, higher operational profitability, compliance with new regulatory laws, and simpler network operations and services are all advantages of outsourcing managed services to a service provider.

KEY MARKET SEGMENTS:

On The Basis of Solution:

  • Deployment

  • Onsite ATM

  • Offsite ATM

  • Worksite ATM

  • Mobile ATM

  • Managed Service

On The Basis of Type:

  • Conventional/Bank ATMs

  • Brown ATMs

  • White ATMs

  • Cash Dispenser ATM

  • Smart ATMs

ATM Market

REGIONAL ANALYSIS:

During the projected period, the Asia Pacific regional automated teller machine market is predicted to develop at a positive CAGR. The increasing deployment of ATMs, particularly in emerging nations such as China and India, is credited with driving the regional market forward. In most economies in the area, there is a lack of understanding regarding digital payment options, which reinforces the significance of ATMs for cash-based and other financial activities. The Asia Pacific region has the most ATMs, with over three million deployed worldwide. Furthermore, the necessity to serve the region's vast unbanked population is likely to stimulate demand for ATMs in nations like China, India, and Japan, as well as in rising markets like Vietnam and Indonesia.

Due to significant technical improvements in the banking business, the market in Europe has high growth potential. The Middle East and Africa market is expected to develop at a healthy rate over the projected period, owing to increased demand for interactive machines and managed services in the financial sector. Furthermore, due to the cash-based economy, high consumer demand, and government backing for electronic banking, MEA is expected to develop rapidly.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

KEY PLAYERS:

The major key players are Diebold Nixdorf, Incorporated, Euronet Worldwide, Inc., Fujitsu Ltd, GRG Banking Equipment Co. Ltd., HESS Cash Systems GmbH, Hitachi-Omron Terminal Solutions, Corp., NHAUSA, NCR Corporation, Source Technologies, Triton Systems of Delaware, LLC

ATM Market Report Scope:
Report Attributes Details
Market Size in 2021  US$ 20.34 Bn
Market Size by 2028  US$ 29.20 Bn
CAGR   CAGR of 5.31% From 2022 to 2028
Base Year  2021
Forecast Period  2022-2028
Historical Data  2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Solution (Deployment [Onsite ATM, Offsite ATM, Worksite ATM, Mobile ATM and Managed Service)
• by Type (Conventional/Bank ATMs, Brown ATMs, White ATMs, Cash Dispenser ATM, Smart ATMs)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Diebold Nixdorf, Incorporated, Euronet Worldwide, Inc., Fujitsu Ltd, GRG Banking Equipment Co. Ltd., HESS Cash Systems GmbH, Hitachi-Omron Terminal Solutions, Corp., NHAUSA, NCR Corporation, Source Technologies, Triton Systems of Delaware, LLC
Key Drivers • Cash access is quicker, more dependable, secure, and easy.
• In both emerging and developed countries, the demand for automation in the banking sector is growing.
Market Challenges • Digitalization progress in developing countries
• Internet banking channels make transactions simple, quick, and safe, restricting the expansion of the industry.

 


Frequently Asked Questions (FAQ) :

Ans:- The ATM Market size was valued at USD 20.34 Bn in 2021.

Ans:- Digitalization progress in developing countries and Internet banking channels make transactions simple, quick, and safe, restricting the expansion of the industry.

Ans:- The major key players are Diebold Nixdorf, Incorporated, Euronet Worldwide, Inc., Fujitsu Ltd, GRG Banking Equipment Co. Ltd., HESS Cash Systems GmbH, Hitachi-Omron Terminal Solutions, Corp., NHAUSA, NCR Corporation, Source Technologies, Triton Systems of Delaware, LLC.

 

Ans:- Emerging nations such as China and India, is credited with driving the regional market forward. 

Ans:-  The primary growth tactics of ATM Market participants include merger and acquisition, business expansion, and product launch.


Table of Contents

 

1. Introduction

1.1 Market Definition 

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of the Ukraine- Russia war

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7. PEST Analysis

 

8. ATM Market Segmentation, by Solution

8.1 Deployment

8.1.1 Onsite ATM

8.1.2 Offsite ATM

8.1.3 Worksite ATM

8.1.4 Mobile ATM

8.2 Managed Service

 

9. ATM Market Segmentation, by Type

9.1 Conventional/Bank ATMs

9.2 Brown ATMs

9.3 White ATMs

9.4 Cash Dispenser ATM

9.5 Smart ATMs

 

10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 The Netherlands

10.3.7 Rest of Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 South Korea

10.4.3 China

10.4.4 India

10.4.5 Australia

10.4.6 Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1 Israel

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest

10.6 Latin America

10.6.1 Brazil

10.6.2 Argentina

10.6.3 Rest of Latin America

 

11. Company Profiles

11.1 Diebold Nixdorf, Incorporated

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 SWOT Analysis

11.1.4 The SNS view

11.2 Euronet Worldwide, Inc.

11.3 Fujitsu Ltd

11.4 GRG Banking Equipment Co. Ltd.

11.5 HESS Cash Systems GmbH

11.6 Hitachi-Omron Terminal Solutions, Corp.

11. 7 NHAUSA

11.8 NCR Corporation

11.9 Source Technologies

11.10 Triton Systems of Delaware, LLC

 

12. Competitive Landscape

12.1 Competitive Benchmarking

12.2 Market Share Analysis

12.3 Recent Developments

 

13. Conclusion

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Secondary Research

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