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ATM Market Size, Growth, Industry & Opportunities | 2031
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ATM Market Size, Growth, Industry & Opportunities | 2031

Segments - ATM Market by Solutions (Managed Services, and Deployment [Onsite ATMs, Work Site ATMs, Offsite ATMs, and Mobile ATMs]) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Swarup Sahu
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Fact-checked by : V. Chandola
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Editor : Ranjit Pankhade

Upcoming | Report ID :BFSI-841 | 4.1 Rating | 68 Reviews | 155 Pages | Format : PDF Excel PPT

Report Description


The ATM market was size was valued at USD 22.21 billion in 2022, and is projected to reach USD 34.16 billion by 2031, with a CAGR of 4.9% from 2023 – 2031. The growth of the market is attributed to enhanced security standards, technological advancements, and integration of wireless communication devices such as smartphones.

An automated teller machine (ATM) is a banking system that allows customers to make easy transactions with their credit or debit cards. It manages money and performs a variety of functions, such as deposits, cash withdrawals, and fund transfers. These machines include features like balance inquiries and pin change.

ATM Market Outlook

A card reader, printer, keypad, cash dispenser, and a display screen that shows the user their account balance are all included in an ATM. To perform the requested purpose, these machines scan the strip on the front and the magnetic strip on the back of the debit/credit card. ATMs are a more convenient and quicker self-service choice than traditional bank tellers, and they provide a seamless financial transaction experience.

It is dealing with an increase in security threats, shifting market demands, and regulatory requirements. With the introduction of these machines, banks are able to serve a wide range of customers, including those who do not bank with them.

These cards help to eliminate the hassles of bank transfers, bank hours, paper-based validations, and customer personal attendance, resulting in a better banking experience for both consumers and bankers.The deployment of smart and solar ATMs in emerging economies such as China, India, and Japan are expected to boost the market.

  • Increase in use of solar-powered machine, low overall costs, and operating costs, is anticipated to boost the market.

  • Online cash payments and other forms of cash transactions are expected to pose a challenge for the market growth.

Scope of the Report

The report on the global ATM market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

ATM Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Solutions (Managed Services, and Deployments [onsite ATMs, work site ATMs, offsite ATMs, and mobile ATMs])

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Diebold Inc.; NCR Corporation; Wincor Nixdorf; Nautilus Hyosung; Euronet Worldwide; Fujitsu; Trinton Systems of Delaware LLC; HESS Terminal Solutions GmbH & Co.; Hitachi-Omron Terminal Solutions Corporation; and GRG Banking.

ATM Market Segment Insights:

The deployment segment is expected the hold a key share

Based on solutions, the global ATM market is divided into managed services, and deployments. The deployment segment is further segregated intoonsite ATMs, work site ATMs, offsite ATMs, and mobile ATMs. The deployment segment accounts for a key share of the market; however, the onsite machine segment is anticipated to expand at a rapid pace during the forecast period.

On-site machines are located on the bank's premises and can be used in conjunction with a physical bank branch. These devices relieve bank employees' workload by eliminating long lines for transactions, withdrawals, and cash deposits on bank premises. It minimizes the risk of mistakes, allowing banks to conduct smooth financial transactions.

The industry will see many growth opportunities as banking technology evolves and onsite solutions are increasingly installed to improve customer loyalty.Managed services enable financial institutions to delegate non-core tasks to a trained and specialized service provider, allowing them to focus on their core financial operations. Several industry players, such as NCR, Wincor, and Diebold provide low-cost managed services.

Managed services help to expand the framework for multichannel distribution, resulting in improved customer retention, acquisition, and cross-selling opportunities. Outsourcing regulated services has several advantages, including low maintenance and infrastructure costs, high operational revenues, compliance with new regulatory rules, and streamlined network operations and services.

ATM Market Solutions

Asia Pacific is expected to hold major market share

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is expected to rise significantly during the forecast period. Over a million ATMs are expected to be deployed globally, in Asia Pacific.

The industry demand in this area is expected to be driven by the need to serve large unbanked populations in countries like India, China, Indonesia, and Vietnam. In addition, countries like Brazil, Nigeria, Russia, and Iran are expected to have high demand for new machines.Due to the cash-based economy, strong consumer demand, and government support for electronic banking, the Middle East and Africa are expected to experience tremendous growth.

ATM Market Regions

Segments

The global ATM market has been segmented on the basis of

Solutions

  • Managed services
  • Deployment
  • Onsite ATMs
  • Work site ATMs
  • Offsite ATMs
  • Mobile ATMs

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Diebold Inc.
  • NCR Corporation
  • Wincor Nixdorf
  • Nautilus Hyosung
  • Euronet Worldwide
  • Fujitsu
  • Trinton Systems of Delaware LLC
  • HESS Terminal Solutions GmbH & Co.
  • Hitachi-Omron Terminal Solutions Corporation
  • GRG Banking

Competitive Landscape

Some of the key players operating in the market are Diebold Inc.; NCR Corporation; Wincor Nixdorf; Nautilus Hyosung; Euronet Worldwide; Fujitsu; Trinton Systems of Delaware LLC; HESS Terminal Solutions GmbH & Co.; Hitachi-Omron Terminal Solutions Corporation; and GRG Banking.

Consumerization of IT in the workplace and use of multi-functional devices for work purposes is projected to drive the market. To meet changing customer tastes and demands, suppliers and manufacturers are focusing more on creating multi-functional products. Companies have been concentrating on offering additional benefits such as better customer support, more shelf space, cost savings, and increased operating efficiencies.

 ATM Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. ATM Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. ATM Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. ATM Market - Supply Chain
  4.5. Global ATM Market Forecast
     4.5.1. ATM Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. ATM Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. ATM Market Absolute $ Opportunity
5. Global ATM Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. ATM Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global ATM Demand Share Forecast, 2019-2026
6. North America ATM Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America ATM Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America ATM Demand Share Forecast, 2019-2026
7. Latin America ATM Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America ATM Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America ATM Demand Share Forecast, 2019-2026
8. Europe ATM Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe ATM Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe ATM Demand Share Forecast, 2019-2026
9. Asia Pacific ATM Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific ATM Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific ATM Demand Share Forecast, 2019-2026
10. Middle East & Africa ATM Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa ATM Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa ATM Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global ATM Market: Market Share Analysis
  11.2. ATM Distributors and Customers
  11.3. ATM Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Diebold Inc.
     11.4.2. NCR Corporation
     11.4.3. Wincor Nixdorf
     11.4.4. Nautilus Hyosung
     11.4.5. Euronet Worldwide
     11.4.6. Fujitsu
     11.4.7. Trinton Systems of Delaware LLC
     11.4.8. HESS Terminal Solutions GmbH & Co.
     11.4.9. Hitachi-Omron Terminal Solutions Corporation
     11.4.10. GRG Banking

Methodology

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