Automatic Teller Machine ATM Security Market Poised for 6.2 % Growth, Set to Hit 3.28 Billion by 2029

"How Is the Automatic Teller Machine ATM Security Market Projected to Grow, and What Is Its Market Size?
The automatic teller machine (ATM) security market has seen steady growth in recent years. It is projected to grow from $17.77 billion in 2024 to $18.91 billion in 2025, achieving a CAGR of 6.4%. The historical growth factors include increased ATM usage, the threat of card skimming, the global expansion of ATM networks, growing cybersecurity risks, and regulatory compliance requirements.

The automatic teller machine (ATM) security market is expected to grow strongly, reaching $24.06 billion by 2029 with a CAGR of 6.2%. This growth is driven by public awareness of ATM fraud, advances in biometric authentication, next-generation encryption, the use of AI and machine learning in fraud detection, and secure software development practices. Major trends include collaboration and information sharing, remote monitoring and management, technological advancements, physical security measures, and anti-skimming technologies.

What Are the Key Drivers Behind the Growth of the Automatic Teller Machine ATM Security Market?
The rising incidents of ATM fraud are expected to drive the growth of the automated teller machine (ATM) security market. An ATM is a specialized computerized device that allows individuals to perform various banking transactions without needing to visit a physical bank branch or interact with bank staff. ATM security measures are crucial to protecting against fraud and unauthorized access, ensuring the safe operation of ATMs and safeguarding users' financial information. These security measures include PIN authentication, encryption, surveillance, and physical security features. For instance, in November 2023, the ATM Industry Association, a U.S.-based trade association, reported a 165% year-over-year increase in ATM-related crime incidents from 2021 to 2022. Therefore, the growing instances of ATM fraud are driving the growth of the ATM security market.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13602&type=smp

Who Are the Major Industry Players Fueling Automatic Teller Machine ATM Security Market Expansion?
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.

Which Key Developments Are Influencing the Automatic Teller Machine ATM Security Market?
Key players in the automated teller machine (ATM) security market are focusing on innovative solutions, such as the a2m passive, to improve ATM security and functionality while gaining a competitive edge. The a2m passive is a slim design, utilizing ink or adhesive, which fits quickly into ATM cassette lids and maintains full banknote capacity. Any attempt to explode the ATM with gas or explosives triggers the system, which stains the banknotes with permanent ink or adhesive, making the cash useless. For example, Secure Innovation, a UK-based provider of protection products, introduced the a2m passive in September 2023. Certified globally, this solution provides comprehensive protection for ATM cash, is cost-effective, easy to deploy, and requires minimal maintenance, offering quick security against ATM explosive attacks and deterring criminals.

How Is the Segmentation of the Automatic Teller Machine ATM Security Market Defined?
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

Subsegments:
1) By Software: Anti-Skimming Software, Surveillance And Monitoring Software, Transaction Security Software, Access Control Software
2) By Services: Installation And Integration Services, Maintenance And Support Services, Security Audits And Risk Assessment, Training And Awareness Programs

Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/automatic-teller-machine-atm-security-global-market-report

What Is the Leading Region in the Automatic Teller Machine ATM Security Market?
North America was the largest region in the automatic teller machine (ATM) security market in 2024. The regions covered in the automatic teller machine (atm) security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Automatic Teller Machine ATM Security Global Market Report?

- Market Size Analysis: Analyze the Automatic Teller Machine ATM Security Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automatic Teller Machine ATM Security Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automatic Teller Machine ATM Security Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automatic Teller Machine ATM Security Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13602

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.