Transformative Trends Impacting the Conventional Bank Automated Teller Machine Market Landscape: Innovative Upgradable ATMs Revolutionizing Conventional Banking Services

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

How Large Will the Conventional Bank Automated Teller Machine Market Size By 2025?
In the past few years, there has been significant growth in the market size for conventional bank automated teller machines. The market is projected to expand from $26.92 billion in 2024 to $28.40 billion in 2025, representing a compound annual growth rate (CAGR) of 5.5%. The notable increase during this period can be traced back to factors like augmented cash usage in developing regions, expansion of bank branches, growing dependency of consumers on ATM services, a rise in the number of off-site ATM installations, and a heightened inclination towards self-service banking.

How Big Is the Conventional Bank Automated Teller Machine Market Size Expected to Grow by 2029?
Anticipated to surge significantly in upcoming years, the conventional bank automated teller machine market size is likely to reach $34.70 billion by the year 2029 while registering a compound annual growth rate (CAGR) of 5.1%. The expansion expected during this forecast period can be ascribed to the growing demand for safe cash withdrawal transactions, a rising trend of multifunctional ATMs, an increased emphasis on enhancing operational efficiency within the banking sector, amplified efforts towards financial inclusion initiatives, and government-led promotions of digital banking services. Noteworthy trends for the forecast period are the technological advancements in biometric authentication, innovations in cardless ATM transactions, progress in remote monitoring and maintenance, considerable investments in artificial intelligence integration, and R&D initiatives towards more energy-efficient ATM systems.

View the full report here:
https://www.thebusinessresearchcompany.com/report/conventional-bank-automated-teller-machine-global-market-report

Which Key Market Drivers Powering Conventional Bank Automated Teller Machine Market Expansion and Growth?
The anticipated surge in cash transactions is predicted to boost the expansion of the conventional bank automated teller machine market. Payments made using tangible currency such as coins or banknotes, rather than digital or electronic means, are known as cash transactions. In rural areas with limited digital infrastructure and unstable internet connection, the need for cash transactions is escalating, making paper money a more reliable choice for daily purchases. Traditional bank automated teller machines play a significant role in cash transactions by providing users the ease of withdrawing or depositing physical money without the need to visit a bank. As per CashEssentials, an independent think tank based in Greece, there were roughly 32.8 million cash withdrawals across its 1,260 ATMs and 605 branches in 2024, showing a 10% increase from 2023. Hence, the growing demand for cash transactions is fueling the expansion of the conventional bank automated teller machine market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=26875&type=smp

Which Fast-Growing Trends Are Poised to Disrupt the Conventional Bank Automated Teller Machine Market?
In the conventional bank automated teller machine market, leading businesses are concentrating on delivering advanced ATM technologies like upgradable automated teller machines to augment functionality, curtail operational expenses, and satisfy emerging customer and regulatory requirements. Modular ATMs, or upgradable automated teller machines, can be supplemented with fresh hardware or software features, enabling banks to accommodate to progressive technologies and customer demands without the necessity for a full unit replacement. For example, Hitachi Payment Services Ltd., a Japan-based company offering a multitude of payment solutions, initiated India's inaugural upgradable ATM in April 2024. The machine, which initially provides cash withdrawal services, can be smoothly transitioned into a high-performance cash recycling machine (CRM) as needed. This transition, which approximately takes 4 hours, prevents the expensive and lengthy process of ATM replacement, thus, permitting banks to protect their investment and extend services like cash deposits in non-branch locations as per market circumstances. Constructed under the Make in India campaign, these ATMs are also equipped for UPI-based cash withdrawals and deposits and are in sync with recent RBI policies. This enhances the flexibility of banking and boosts financial inclusion in underprivileged areas.

What Are the Emerging Segments in the Conventional Bank Automated Teller Machine Market?
The conventional bank automated teller machine market covered in this report is segmented -

1) By Type: Stand-Alone Automated Teller Machines (ATMs), Wall-Mounted Automated Teller Machines (ATMs), Floorstanding Automated Teller Machines (ATMs)
2) By Component: Hardware, Software, Services
3) By Transaction Types: Cash Withdrawals, Balance Inquiries, Fund Transfers, Bill Payments, Check Deposits
4) By Technology Usage: Conventional Automated Teller Machines (ATMs), Semi-Interactive Automated Teller Machines (ATMs), Fully Interactive Automated Teller Machines (ATMs), Contactless Automated Teller Machines (ATMs), Mobile-Integrated Automated Teller Machines (ATMs)
5) By End User: Banking, Retail, Government, Hospitals, Other End Users

Subsegments:
1) By Stand-Alone Automated Teller Machines: Compact Stand-Alone Automated Teller Machine, Weather-Resistant Stand-Alone Automated Teller Machine, Drive-Up Stand-Alone Automated Teller Machine
2) By Wall-Mounted Automated Teller Machines: Indoor Wall-Mounted Automated Teller Machine, Outdoor Wall-Mounted Automated Teller Machine, Recessed Wall-Mounted Automated Teller Machine
3) By Floorstanding Automated Teller Machines: Lobby Floorstanding Automated Teller Machine, Through-The-Wall Floorstanding Automated Teller Machine, Island Floorstanding Automated Teller Machine

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=26875&type=smp

Who Are the Global Leaders in the Conventional Bank Automated Teller Machine Market?
Major companies operating in the conventional bank automated teller machine market are Hitachi Ltd., Fujitsu Limited, NCR Corporation, Diebold Nixdorf Incorporated, Euronet Worldwide Inc., Tietoevry Corporation, OKI Electric Industry Co. Ltd., Genmega Inc., Hyosung TNS Inc., ACI Worldwide Inc., GRG Banking Equipment Co. Ltd., KEBA AG, Nautilus Hyosung America Inc., Auriga SpA, KAL ATM Software GmbH, Sigma S.p.A, Vortex Engineering Pvt Ltd, Automated Transaction Delivery Ltd., Ark Technologies Group, CMS Info Systems Ltd., Triton Systems of Delaware LLC, Puloon Technology Co. Ltd.

Which are the Top Profitable Regional Markets for the Conventional Bank Automated Teller Machine Industry?
North America was the largest region in the conventional bank automated teller machine market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the conventional bank automated teller machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=26875

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Speak With Our Expert:
Saumya Sahay
Europe - +44 7882 955267,
Asia: +91 88972 63534,
Americas - +1 310-496-7795 or
Email:saumyas@tbrc.info
Follow Us On:
• LinkedIn: https://in.linkedin.com/company/the-business-research-company

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.