Automatic Teller Machine (ATM) Security Global Market Report 2024 - By Demand, Share, Size, Drivers, Forecast To 2033

The automatic teller machine (atm) security market size has grown strongly in recent years. It will grow from $16.68 billion in 2023 to $17.77 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to increased atm usage, card skimming threats, global expansion of atm networks, rise in cybersecurity threats, regulatory compliance.

The automatic teller machine (atm) security market size is expected to see strong growth in the next few years. It will grow to $22.63 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to public awareness of atm fraud, biometric authentication advances, next-generation encryption, ai and machine learning in fraud detection, secure software development practices. Major trends in the forecast period include collaboration and information sharing, remote monitoring and management, technological advancements, physical security measures, anti-skimming technologies.

Market Overview -
Automatic teller machine (ATM) security refers to the comprehensive strategies and technologies employed to safeguard automatic teller machine (ATM) machines and the financial transactions conducted through them, preventing unauthorized access, fraud and physical threats.

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Rising ATM Fraud Incidents Fueling Growth In ATM Security Market
The increasing incidents of automated teller machine (ATM) fraud are expected to propel the growth of the automated teller machine (ATM) security market going forward. An automated teller machine (ATM) is a specialized computerized device that enables individuals to perform various banking transactions without the need for human intervention or visiting a physical bank branch. Automated teller machine (ATM) security measures protect against fraud and unauthorized access, ensuring the safe operation of automated teller machines (ATMs) and safeguarding users' financial information. These measures include PIN authentication, encryption, surveillance and physical security features. For instance, in April 2022, according to the Federal Bureau of Investigation, a US-based law enforcement agency, there were 254 thefts from ATMs in 2021, which is an increase of 10% from 229 in 2020. Therefore, the increasing incidents of automated teller machine (ATM) fraud will drive the growth of the automated teller machine (ATM) security market.

Competitive Landscape -
Major companies operating in the automatic teller machine (atm) security market report are Fujitsu Limited, NCR Corporation, Brink Incorporated., Diebold Nixdorf Inc., Euronet Worldwide Inc., CMS Info Systems Ltd., Cardtronics Inc., GRG Banking Equipment Co. Ltd., ScienceSoft USA Corporation, Triton Systems of Delaware LLC, Protection Technology LLC, Cennox Inc., Nautilus Hyosung America (Hyosung TNS Inc.), Cash Connect, 3SI Security Systems, Secure Innovation Inc., Auriga, Penki Kontinentai Group, KAL ATM Software GmbH, HESS Cash Systems GmbH, LD Systems, TMD Security GmbH, Atlanta Computer Group Inc., Hitachi Channel Solutions Corp., Genmega Inc.

Innovative Solutions Transforming ATM Security
Major companies operating in the automated teller machine (ATM) security market are focused on developing innovative product solutions, such as a2m passive, to enhance the security and functionality of automated teller machines (ATMs) and gain a competitive advantage. The a2m passive is a slimline solution with ink or adhesive that is quickly fitted into the lid of any ATM cassette and retains 100% banknote capacity. Any attempt to blow up the ATM with gas or solid explosives will trigger the system, which will coat the banknotes in a permanent smart ink stain or adhesive, rendering the cash worthless. For instance, in September 2023, Secure Innovation, a UK-based provider of protection products and custom control solutions, launched the a2m passive. The a2m passive is fully certified throughout the world and can provide comprehensive end-to-end protection for ATM cash in the machine. The a2m passive is an economical and quickly deployable solution to avoid ATM explosive attacks. It is simple to install, low-cost and requires little maintenance, giving quick security against attacks and deterring criminals.

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Key Segments -
The automatic teller machine (atm) security market covered in this report is segmented -
1) By Offering: Software, Services
2) By ATM Type: Onsite Automatic Teller Machines (ATM's), Offsite Automatic Teller Machines (ATM's)
3) By Application: Fraud Detection, Security Management, Anti-Skimming, Other Applications
4) By Industry Vertical: Banking, Other Industry Verticals

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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