By the end of 2026, the ATM Market is Anticipated to grow at a CAGR of 7.8%

ATM Market

A research named "Automated Teller Machine (ATM) Market - Global Industry Analysis 2013-2017 and Market Forecast 2018-2026" was just released by Persistence Market Research (PMR). A growing number of automated teller machines (ATMs) are being installed as emerging nations' rural banking networks get better.

Customers can carry out simple financial transactions on an automated teller machine (ATM) without the assistance of a branch professional or teller. Most ATMs allow use by anyone with a credit card or debit card.

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In this report, PMR has segmented the global Automated Teller Machine (ATM) market on the basis of screen size, type, and region. By screen size, the market is subsegmented into 15″ and below and above 15″. Due to the increasing demand for multifunctional ATMs, the 15″ and below subsegment was valued at 12,813.0 Mn in 2017.

The 15″ and below subsegment of the Automated Teller Machine (ATM) market is also projected to grow with a moderate growth rate during the forecast period. Furthermore, due to an increase in the number of physical cash transactions and a quantitative increase in mobile ATMs in developed and developing countries, the 15″ and below subsegment is also estimated to present high revenue growth opportunities for the vendors of Automated Teller Machines (ATMs).

Moreover, growth in the number of adults who own bank accounts, increase in investments for expanding the banking network, and growth in the number of foreign investments in the banking sector are some of the factors expected to boost the demand for Automated Teller Machines (ATMs) across the word.

Due to an increase in cybersecurity threats across various components of the banking system, service providers are focusing on developing anti-cybercrime strategies to protect their ATM network from various types of cyberattacks, which include malware that targets ATMs. As a result of these initiatives, the demand for biometric-enabled Automated Teller Machines (ATM) and other ATM security solutions is expected to increase across the globe.

Owing to this, the off-site ATM segment, a subsegment of the "by type" segment, is projected to hold a market share of more than 62% at the end of 2018 in the global Automated Teller Machine (ATM) market. Moreover, the off-site ATM subsegment is expected to grow at a relatively higher CAGR as the demand for Automated Teller Machines (ATMs) is growing rapidly in various countries such as India, the U.K., and China. Due to a continuous increase in the number of ATMs of public and private sector banks, the off-site ATM subsegment is also expected to witness a high growth rate during the forecast period.

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Furthermore, on the basis of geography, the Asia Pacific Automated Teller Machine (ATM) market is expected to dominate the global Automated Teller Machine (ATM) market due to advancements in the banking sector and growth of mobile ATMs in various countries of the region.

The region has witnessed the widespread deployment of multifunctional ATMs in the past couple of years. These factors are fuelling the growth of the Automated Teller Machine (ATM) market in Asia Pacific. The Automated Teller Machine (ATM) market has high potential in Europe owing to major technological advancements in the banking industry and increase in the number of ATMs in various countries of the region.

According to PMR analysis, long-term contracts with business partners are likely to increase revenue and new innovation strategies are estimated to enable the vendors of Automated Teller Machines (ATMs) to reach new growth markets. Some of the market participants in the global Automated Teller Machine (ATM) market report include

• OEMs
• NCR Corporation
• Overview
• Product Portfolio
• Sales Footprint
• Strategy
• Dibold Nixdorf
• Hitachi-Omron Terminal Solutions, Corporation
• GRG Banking

Display panel suppliers included in the Automated Teller Machine (ATM) market report include AU Optronics Corp.; KYOCERA Corporation; Mitsubishi Electric Corporation; Sharp Electronics Corporation; and Tianma Micro-electronics Co., Ltd.

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