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ATM Market Worth USD 27,870 Million in 2025- GMI Research
New analysis from GMI Research, expects the revenue for the ATM market to increase from USD 13,960.5 Million in 2017 to USD 27,870.1 million in 2025, growing at a compound annual growth rate (CAGR) of 8.8% percent during the forecast period 2018-202. Primarily driven by growing dependency of the users on ATMs for performing financial transactions, such as cash withdrawal and cash deposit as per their convenience by eliminating any human intervention and need to visit the bank.Cash dispenser ATMs has helped the users to perform cash withdrawal for their regular needs any time over the ATM. The rising usage of cash at transport, grocery stores, stationary stores has led to the demand for cash recycling machines to exchange with new currency denominations. Cash deposit facility helps the users to deposit their cash in their bank account without traveling to bank and over the highly accurate technology platform.
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The keypad ATMs are more robust and easier to maintain due to their keys. However, due to rise in demand for the user-friendly interface, the touchscreen ATM machines have started penetrating the global ATM market, mainly in the developed and developing countries. Further, the flexibility to withdraw or recycle cash at any time of the day has increased demand for the offsite ATMs. The availability of ATMs has helped the users to save their time of going to the banks and standing in queues of bank counters for financial transactions, such as to withdraw cash, deposit cash and recycle cash.
Know more about the Global ATM Market: https://www.gmiresearch.com/report/global-automated-teller-machine-atm-market/
North America is attracting a lot of players to invest in it due to growing demand for automated teller machine. In 2016, Diebold Nixdorf partnered with AGS to manufacture 40,000 products by the end of 2019. North America held the largest share in the global automated teller machine market in 2017, followed by Asia-Pacific.
Cash dispenser ATMs has helped the users to perform cash withdrawal for their regular needs any time over the ATM. The rising usage of cash at transport, grocery stores, stationary stores has led to the demand for cash recycling machines to exchange with new currency denominations. Cash deposit facility helps the users to deposit their cash in their bank account without traveling to bank and over the highly accurate technology platform.
Various notable players operating in the global automated teller machine market include NCR corporation, Diebold Nixdorf and Wincor Nixdorf. The other companies manufacturing ATMs are Euronet Worldwide, FUJITSU Ltd., GRG Banking Equipment company Limited, Guangzhou King Teller Company Ltd., Hantle Inc., Hitachi Omron Terminal Solutions Corporation, Nautilus Hyosung America Inc., Remote-Smart LLC.
The ATM market has been segmented based on user interface, deployment type and ATM Type and key geographies. Based on user interface, the market comprises of touchscreen and keypad. Based on deployment type, the market has been segmented into onsite and offsite. Based on ATM type, the market has been segmented into cash dispenser, cash deposit and cash recycles.
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GMI Research is a market research & consulting firm which helps its client to address their most pressing strategic and business challenges. Our Syndicated reports provide actionable insights and covers industry trends, market drivers & restraints, macroeconomic factors, market estimates & forecasts, competitive landscape etc. which helps our clients to strengthen its market position by deploying specific strategies and actions that will lead to higher growth.
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