Press release
ATM Market Research Report 2023: Industry Statistics, Share, Trends, Outlook, Growth Analytics, Forecast 2028
The global ATM (Automated Teller Machine) market size reached US$ 22.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 29.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028.
An automated teller machine (ATM) is a self-service machine that allows individuals to perform basic financial transactions, such as withdrawing cash, checking account balances, depositing cash and checks, and transferring funds between accounts. It provides round-the-clock services through various locations, such as bank branches, shopping centers, and airports. It offers greater control over finances and allows consumers to check their account balances and transfer funds between accounts without a bank teller. At present, it is available in different types, including conventional, bank, white label, smart, and cash dispensers ATM.
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Global ATM Market Trends:
The rising urbanization and the growing trend towards self-service banking, which allows customers to perform financial transactions remotely, represent one of the key factors positively influencing the market across the globe. In addition, improving security mechanisms, such as biometric authentication and one-time-password (OTP) services, to prevent fraudulent transactions is bolstering market growth.
Besides this, the introduction of talking ATMs for individuals with special needs, in confluence with the convenient currency exchange option for international tourists through the dynamic currency conversion (DCC) feature, is strengthening the growth of the market. Furthermore, governments of various countries are undertaking initiatives to promote digital banking and financial inclusion, which is stimulating the growth of the market around the world.
Competitive Landscape:
By IMARC group the report has also analyzed the competitive landscape of the market with some of the top atm manufacturers & companies being
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
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/atm-market
Key Market Segmentation:
Breakup by Solution:
• Deployment Solutions
o Onsite ATMs
o Offsite ATMs
o Work Site ATMs
o Mobile ATMs
• Managed Services
Breakup by Application:
• Withdrawals
• Transfers
• Deposits
Breakup by Type:
• Conventional/Bank ATMs
• Brown Label ATMs
• White Label ATMs
• Smart ATMs
• Cash Dispensers
Breakup by Screen Size:
• 15" and Below
• 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 (2017-2022)
• Market Outlook (2023-2028)
• 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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IMARC Group
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.
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