ATM Market Size, Share and Industry Analysis 2019 to 2027

ATM Market to 2027 - Global Analysis and Forecasts by Deployment (Brown Label ATM, White Label ATM, and Bank Owned ATM); Type (Cash Deposit, Cash Dispenser, Smart ATM, Others)

  • Report Code : TIPTE100000664
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 153
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ATM Market Size, Share and Industry Analysis 2019 to 2027

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The ATM market is expected to grow from US$ 18.44 billion in 2018 to US$ 44.18 billion by 2027 at a CAGR of 10.4%.


 

The ATM market is growing due to an increase in the demand for automation in the banking sector in both emerging and developed nations such as the US, Canada, Italy, and China. Furthermore, during the last few decades, the global banking industry has seen significant technical developments such as the integration of IoT data analysis, digital convergence, and biometrics & cyber security, all of which have fueled ATM market expansion. Aside from cash withdrawal and checking account opening, ATMs allow consumers to open or withdraw FDs, recharge phone bills, pay income tax, and apply for personal loans, increasing convenience.

The ATM market is expected to develop as a result of technological improvements such as digital convergence, IoT data analytic integration, biometrics, and cybersecurity. The inclusion of increased security methods such as fingerprint, biometrics, and double authentication to technologically sophisticated ATMs gives an extra degree of protection, which is expected to assist in preventing fraud and promoting acceptance of ATM. A significant aspect driving the North American ATM industry is the growing desire for cardless ATM transactions. Long-term relationships with business partners are expected to boost income, while new innovation techniques are expected to help ATM suppliers reach new levels in the market. The growing banking infrastructure and increasing number of onsite ATMs to improve client satisfaction are likely to propel the ATM market growth.

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ATM Market: Strategic Insights

ATM Market

  • CAGR (2018 - 2027)
    10.4%
  • Market Size 2018
    US$ 18.44 Billion
  • Market Size 2027
    US$ 44.18 Billion

Market Dynamics

GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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Key Players

  • CMS Infosystem
  • Diebold Nixdorf, Incorporated
  • Euronet Worldwide, Inc.
  • GRG Banking Equipment Co. Ltd.
  • Guangzhou KingTeller Technology Co., Ltd.
  • Hitachi-Omron Terminal Solutions, Corp.
  • NCR Corporation
  • Triton Systems
  • HESS Cash Systems GmbH & Co.

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Deployment
  • Brown Label ATM
  • White Label ATM
  • Bank Owned ATM
Type
  • Cash Deposit
  • Cash Dispenser
  • Smart ATM
  • Others
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Simple flow of cash, growing number of transactional benefits, speedy withdrawals, and practicality of both online and offline purchasing have all driven ATM usage throughout the world. Due to the abundance of undiscovered prospects, Asia Pacific, the Middle East, and Africa are now exhibiting a robust development potential. The ATM market in Asia Pacific and the Middle East is expected to benefit from economic growth and rising demand for innovative interactive machines in these areas.

ATM Market Insights

Expected Boom in Video Banking Technology

Video banking is an emerging technology in the banking industry where financial institutions such as banks and credit unions can engage their members or customers in face-to-face transactions via remote video collaboration sessions. Customers or members can join the online video sessions by using a personal device, such as a smartphone, from anywhere at any time. Various banks around the world are involved in implementing video technology for ATM, where customers can use high-definition video chat technology to connect with full-service bankers. The video banking technology is user-friendly and easy to operate; the customers can touch ATM screen to select the live teller option. The live teller will appear on the screen to assist the customer regarding cash or check deposits, account withdrawals, loan payments, and transfers. The machines enabled with the video banking technologies do not require debit card or PIN; one can securely withdraw money from a video teller machine (VTM). As it connects the customer face-to-face with a banking representative, it can implement the method of security questions and photo identification for personal verification.

Deployment-Based Market Insights

The automated teller machine (ATM) enables customer to complete transactions without any help from bank representatives. ATMs today are used for multiple banking purposes, such as cash withdrawal, cash deposits, bill payments, and bank statements procurement. Various types of ATMs deployed in the world include brown label ATM, white label ATM, and bank-owned ATM. The ATM market, by deployment, was led by the brown label segment in 2018.

ATM Market Report Scope

Report Attribute Details
Market size in 2018 US$ 18.44 Billion
Market Size by 2027 US$ 44.18 Billion
Global CAGR (2018 - 2027) 10.4%
Historical Data 2016-2017
Forecast period 2019-2027
Segments Covered By Deployment
  • Brown Label ATM
  • White Label ATM
  • Bank Owned ATM
By Type
  • Cash Deposit
  • Cash Dispenser
  • Smart ATM
  • Others
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • CMS Infosystem
  • Diebold Nixdorf, Incorporated
  • Euronet Worldwide, Inc.
  • GRG Banking Equipment Co. Ltd.
  • Guangzhou KingTeller Technology Co., Ltd.
  • Hitachi-Omron Terminal Solutions, Corp.
  • NCR Corporation
  • Triton Systems
  • HESS Cash Systems GmbH & Co.
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

     

    Type-Based Market Insights

    An automated teller machine allows consumers to perform basic transactions using debit or credit cards. It is a system that handles money and performs functions such as cash deposit, cash withdrawal, and fund transfer. The machine involves a card reader, cash dispenser, and a display screen through which relevant account balance information is sent to the user. As compared to traditional bank tellers, today’s ATM, such as smart ATMs, serves as a quick, convenient, and self-serving alternative for a smooth financial transaction. The ATM market, by type, was led by the cash dispenser segment  .

     

    The players operating in the ATM market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

    • In October 2020, NCR Corporation announced the launch of the NCR Activate Enterprise NextGen, NCR’s next-generation ATM software platform that enables banks to deploy customer experiences such as contactless technology and video teller collaboration in a simple manner.
    • In 2020, Diebold Nixdorf signed a contract to provide 1,800 ATMs to the largest bank in Saudi Arabia and 500 ATMs to a new customer in Egypt. The companies are also paying attention to fortifying their machines against any possible threat of fraud or break-ins.
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    Deployment ; Type

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

    The List of Companies

    1. CMS Infosystem
    2. Diebold Nixdorf, Incorporated
    3. Euronet Worldwide, Inc.
    4. GRG Banking Equipment Co. Ltd.
    5. Guangzhou KingTeller Technology Co., Ltd.
    6. Hitachi-Omron Terminal Solutions, Corp.
    7. NCR Corporation
    8. Triton Systems
    9. HESS Cash Systems GmbH & Co.
    10. Fujitsu Limited

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