Press release
Global Next-Gen ATM Market Projected to Surpass $4.9 Billion by 2029 with 9% Annual Growth
Next-Gen ATM Market
The increase in consumers' purchasing power parity (PPP) is predicted to fuel the expansion of the next-gen ATM market in the future. PPP is a crucial macroeconomic indicator that compares different nations' currencies through the basket of goods method. Unlike the fluctuating market rates, PPP exchange rates remain relatively constant over time, thereby providing a more precise evaluation of relative economic productivity and living standards between countries. This can guide next-gen ATMs in their strategic decisions about where to increase their presence. The Energy Information Administration, a primary federal statistical system organization based in the US, reported an average annual purchasing power index value of 270.97 in 2021, and anticipates it to rise to 292.66 in 2022. Hence, the escalation in the value of consumers' purchasing power parity (PPP) is boosting the next-gen ATM market.
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What is the future CAGR of the next-gen atm market, and how will it impact industry expansion?
The market scale for the upcoming generation ATM has seen significant growth in the past few years. The market, which is projected to expand from $3.26 billion in 2024 to $3.51 billion in 2025, will experience a compound annual growth rate (CAGR) of 7.7%. This growth during the historical period can be tied to the rising demand for online banking options, a surge in cardless transactions, the mainstream adoption of mobile wallets, improved purchasing power, and an uptick in disposable income.
Expectations are high for the next-gen ATM market, with robust growth anticipated over the coming years. By 2029, the market size is predicted to reach $4.9 billion, representing a compound annual growth rate (CAGR) of 8.7%. This growth forecast can be linked to factors such as the rising demand for bespoke services and customer experiences, enhanced efficiency and cost reduction for financial institutions, a surge in smartphone usage, and increased utilization of internet services. Upcoming trends in the forecast period include the integration of mobile banking apps, the provision of personalized user experiences, API-based blueprint, product innovation, and market broadening.
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What are the most significant trends transforming the next-gen atm market today?
Leading corporations in the diamond wall saw market have concentrated on technologies like Blaze in order to improve cutting precision, boost operational effectiveness, and minimize material waste during construction and demolition undertakings. Blaze is a flexible technology platform tailored for superior data processing and analytical applications. For example, India-based private banking firm Financial Software & Systems Pvt. Ltd unveiled a new payments technology platform named Blaze in August 2023. Capable of handling over 5,000 transactions per second (TPS), Blaze is ideal for settings with high demand and coincides with the rising expansion of digital commerce.
Which key market segments comprise the next-gen atm market and drive its revenue growth?
The next-gen ATM market covered in this report is segmented -
1) By Type: Cash Dispensers, Deposit ATMs, Cash Recycling ATMs, Self-Service ATMs, Self-Service Kiosks, Mobile ATMs, Other Types
2) By Solutions: Deployment, Managed Services
3) By Technology: Contactless, Voice Recognition, Biometrics, Video Banking, AI (Artificial intelligence) And IoT (Internet of Things) Integration
4) By Application: Bank Service Agent, Bank, Retail, Enterprises
Subsegments:
1) By Cash Dispensers: Basic Cash Dispensers, High-Volume Cash Dispensers
2) By Deposit ATMs: Envelope Deposit ATMs, Bulk Note Deposit ATMs
3) By Cash Recycling ATMs: Single-Cassette Recycling ATMs, Multi-Cassette Recycling ATMs
4) By Self-Service ATMs: Cardless Self-Service ATMs, Interactive Self-Service ATMs
5) By Self-Service Kiosks: Bill Payment Kiosks, Ticketing Kiosks
6) By Mobile ATMs: Temporary Event ATMs, Mobile Banking ATMs
7) By Other Types: Biometric ATMs, Cryptocurrency ATMs
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What regions are at the forefront of next-gen atm market expansion?
North America was the largest region in the next-gen ATM market in 2024. The regions covered in the next-gen ATM market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the next-gen atm market?
Major companies operating in the next-gen ATM market include Fujitsu Limited, NCR Corporation, Diebold Nixdorf Inc., Euronet Worldwide Inc., OKI Electric Industry Co. Ltd., Hyosung Corporation, ACI Worldwide Inc., GRG Banking Equipment Co. Ltd., Bancsource, Hitachi Payment Services Pvt. Ltd., Nautilus Hyosung America Inc., Invenco Group Ltd., Aevi International GmbH, HESS Cash Systems GmbH, Puloon Technology Inc., Triton Systems of Delaware LLC, Spinnaker International Ltd., Ark Technologies Group, Citywide ATM Inc., Unified Payments Services Ltd., Genmega Inc., Sharenet Inc., Cypress Advantage, TEKchand Pty Ltd.
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What Is Covered In The Next-Gen ATM Global Market Report?
• Market Size Forecast: Examine the next-gen atm market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the next-gen atm market for a structured understanding.
• Key Players Overview: Analyze major players in the next-gen atm market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the next-gen atm market.
• Segment Contributions: Evaluate how different segments drive overall growth in the next-gen atm market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the next-gen atm market.
• Industry Challenges: Identify potential risks and obstacles affecting the next-gen atm market.
• Competitive Landscape: Review strategic developments in the next-gen atm market, including expansions, agreements, and new product launches.
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