Key Factor Supporting Global ATM Market Development in 2025: Rising Usage Of ATMs To Drive Market Growth

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How Large Will the ATM Market Size By 2025?
The size of the atm market has seen a consistent increase in the last few years. It is projected to rise from $37.9 billion in 2024 to $38.88 billion in 2025, fueled by a compound annual growth rate (CAGR) of 2.6%. The past growth can be related to an increase in cash transactions, a wider banking network, population growth and urbanization, enhanced customer convenience, and efforts towards financial inclusion.

How Big Is the ATM Market Size Expected to Grow by 2029?
The size of the ATM market is predicted to experience consistent expansion in the coming years. By 2029, it is forecasted to reach a value of $44.11 billion, with a Compound Annual Growth Rate (CAGR) of 3.2%. Factors contributing to this projected growth in the forecast period encompass the increasing trends in cash usage, worldwide economic development, the evolution of banking services, government strategies and policies, and adjustments to consumer habits. Key trends observed within this period are the emphasis on incorporating accessibility and features of inclusion, automation of cash recycling and deposits, remote management and monitoring of ATM, enhanced interaction with users via interactive interfaces, and introducing sustainable practices in ATM design and operation.

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Which Key Market Drivers Powering ATM Market Expansion and Growth?
The expected expansion of the ATM market is anticipated to be fueled by the rising utilisation of ATMs by consumers. In many nations, people favour cash as their primary mode of transaction due to the ease it provides. As technological advancements progress, customers demand quick, reliable, safe, and hassle-free cash access methods. ATMs serve as self-operated vending machines enabling banking anytime, anywhere. ATMs contribute to cost-effectiveness and enhanced accuracy and speed, thus saving user's time, money and effort. For example, as per the ATM Industry Association (ATMIA), a non-profit trade body in the US, there was a growth of around 21,000 terminals in the U.S. ATM network from 2021 till end of 2022, reported in September 2023. The ATMIA now estimates that the total count of operational ATMs stand somewhere between 520,000 and 540,000. Hence, the amplification in the application of ATMs among consumers is poised to stimulate the expansion of the ATM market.

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Which Fast-Growing Trends Are Poised to Disrupt the ATM Market?
The ATM market is seeing a rising trend with the advent of Smart ATMs. These are advanced machines that offer more services than simply dispensing cash and are quickly gaining a foothold in the market. They leverage the latest technologies to enhance customer interactions and reduce the chances of fraud. Illustratively, in June 2023, Indian banking giant, Bank of Baroda introduced an innovative service named Interoperable Cardless Cash Withdrawal (ICCW). This service enables users to extract cash from ATMs of Bank of Baroda utilizing only their UPI app and mobile phones, bypassing the requirement of a physical debit card. By opting for the UPI Cash Withdrawal feature on the ATM, customers scan the provided QR code using their UPI app, and approve the transaction with their UPI PIN. This scanning method not only amplifies security and convenience for customers but also dispenses the possibility of card-based fraud. It also allows withdrawals from various linked accounts. This pioneering move makes Bank of Baroda the first public sector bank in India to launch such a service, reinforcing its dedication to digital advancement and customer convenience.

What Are the Emerging Segments in the ATM Market?
The atmmarket covered in this report is segmented -

1) By ATM Type: Location Based ATM, Operation Based ATM
2) By Solution: On Site, Off Site, Work Site, Mobile
3) By Operation: White Label, Green Label, Yellow Label
4) By Application: Withdrawal, Transfer, Deposits

Subsegments:
1) By Location-Based ATM: Off-Premise ATMs, On-Premise ATMs, Kiosk ATMs
2) By Operation-Based ATM: Cash Dispenser ATMs, Full-Service ATMs, Smart ATMs, Drive-Up ATMs

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Who Are the Global Leaders in the ATM Market?
Major companies operating in the ATM market include IBM Corporation, Tata Consultancy Services Limited, Atlas ATM, NCR Corporation, Diebold Nixdorf, Wincor Nixdorf, Euronet Worldwide Inc., Hyosung Corporation, GRG Banking Equipment Co. Ltd., Fujitsu Frontech Ltd., Eastcompeace, Nautilus Hyosung Corporation, Oki Electric Industry Co. Ltd., Forbes Technosys Ltd., KingTeller, Hantle, Triton Systems of Delaware LLC, HCL Infosystems Ltd., EFT Networks Inc., RapidCash ATM Ltd., Hitachi-Omron Terminal Solutions Corporation, Triton System of Delaware LLC, G4S plc, Lipi Data Systems Ltd., Itautec, Shenzhen Yihua Computer, HESS Cash Systems GmbH & Co KG

Which are the Top Profitable Regional Markets for the ATM Industry?
Asia-Pacific was the largest region in the ATM market in 2024. The regions covered in the atm market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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