According to the latest report by IMARC Group, titled “ATM Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” offers a comprehensive analysis of the industry, which comprises insights on the global ATM market growth. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global ATM market size reached US$ 21.00 Billion in 2020. Looking forward, the market value is expected to reach US$ 29.29 Billion by 2026, expanding at a CAGR of 5.70% during 2021-2026. An automated teller machine (ATM) represents an electronic banking machine that allows consumers to perform basic transactions with their credit or debit cards. It handles money and executes several tasks, such as cash withdrawals, deposits, fund transfers, etc. An ATM consists of a keypad, card reader, cash dispenser, printer, and a display screen via which relevant account balance information is conveyed to the user. Furthermore, as compared to traditional bank tellers, it serves as a quick, convenient, and self-serving alternative for a smooth financial transaction.
| Report Metric | |
| Historical Year | 2015-2020 |
| Base Year | 2020 |
| Forecast Year | 2021-2026 |
An automated teller machine (ATM) is a banking machine that allows customers to make simple transactions with their credit or debit cards. It handles money and executes various tasks, including cash withdrawals, deposits, and fund transfers. These machines also assist with related operations, such as balance inquiry and PIN change. An ATM comprises a card reader, keypad, cash dispenser, printer, and a display screen to show the user their account balance. These machines read the chip on the front and the magnetic stripe on the back of the debit/credit card to execute the requested function. ATMs are a faster and more convenient self-serving alternative to conventional bank tellers and offer a smooth financial transaction experience.
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Global ATM Trends:
The global ATM market is primarily being driven by the escalating demand for convenient banking transactions and increasing urbanization in emerging economies. The essential features of ATMs, such as the 24*7 availability of cash and the ease of fund transfers and bill payments, have favored their widespread adoption around the world. Moreover, improved security measures, including biometric and one-time password (OTP) authentication systems to prevent fraudulent transactions and the advent of Talking ATMs for users with special needs, are contributing to the market growth. Furthermore, the growing tourism sector is acting as another major growth-inducing factor as many ATMs now offer advanced features, such as Dynamic Currency Conversion (DCC), that enable a smooth currency conversion experience for international travelers. The rising demand for convenient banking transactions is primarily driving the ATM market. Additionally, the widespread adoption of this machine, owing to its various benefits, such as the ease of fund transfers and 24*7 availability of cash, is further catalyzing the market growth. Besides this, the increasing utilization of ATM as a convenient currency exchange option for international tourists through features, including Dynamic Currency Conversion (DCC), is acting as another significant growth-inducing factor. Moreover, it assists in reducing the overall workload of bank employees by minimizing the frequency of human error, thereby ensuring efficient operations, along with a seamless experience for the consumers, which is also augmenting the global market. Apart from this, the introduction of numerous improved security mechanisms, such as biometric authentication and one time password (OTP) services for preventing fraudulent transactions, is anticipated to fuel the ATM market over the forecasted period.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- 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
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global ATM (Automated Teller Machine) market report, along with forecasts for growth at the global and regional level from 2021-2026. 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
On the basis of the solution, the market has been bifurcated into deployment solutions and managed services.
Breakup by Application:
- Withdrawals
- Transfers
- Deposits
According to the application, the market has been classified into withdrawals, transfers and deposits.
Breakup by Type:
- Conventional/Bank ATMs
- Brown Label ATMs
- White Label ATMs
- Smart ATMs
- Cash Dispensers
Based on the type, the market has been categorized into conventional/bank ATMs, brown label ATMs, white label ATMs, smart ATMs and cash dispensers.
Breakup by Screen Size:
- 15″ and Below
- Above 15″
Based on the screen size, the market has been divided into 15” and below, and above 15”.
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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