The global automated teller machine market size was valued at USD 13,960.5 million in 2017, and is projected to reach USD 27,870.1 million by the end of 2025, growing at an estimated CAGR of 8.8% during the forecast period.
Figure 1: Global Automated Teller Machine Market Revenue, 2018–2025 (USD Million)
Source: GMI Research
The one of the key factors bolstering the market growth is growing dependency of the users on ATMs for performing financial transactions, such as cash withdrawal and cash deposit as per their convenience by eliminating any human intervention and need to visit the bank.
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Keypad ATM is expected to lead the global ATM market during the forecast period
The keypad ATMs are more robust and easier to maintain due to their keys. However, due to rise in demand for the user-friendly interface, the touchscreen ATM machines have started penetrating the global ATM market, mainly in the developed and developing countries. Further, the flexibility to withdraw or recycle cash at any time of the day has increased demand for the offsite ATMs. The availability of ATMs has helped the users to save their time of going to the banks and standing in queues of bank counters for financial transactions, such as to withdraw cash, deposit cash and recycle cash.
Cash dispenser ATMs has helped the users to perform cash withdrawal for their regular needs any time over the ATM. The rising usage of cash at transport, grocery stores, stationary stores has led to the demand for cash recycling machines to exchange with new currency denominations. Cash deposit facility helps the users to deposit their cash in their bank account without traveling to bank and over the highly accurate technology platform.
Figure 2: Global Automated Teller Machine Market Revenue by Region, 2017
Source: GMI Research
North America is attracting a lot of players to invest in it due to growing demand for automated teller machine. In 2016, Diebold Nixdorf partnered with AGS to manufacture 40,000 products by the end of 2019. North America held the largest share in the global automated teller machine market in 2017, followed by Asia-Pacific.
Various notable players operating in the global automated teller machine market include NCR corporation, Diebold Nixdorf and Wincor Nixdorf. The other companies manufacturing ATMs are Euronet Worldwide, FUJITSU Ltd., GRG Banking Equipment company Limited, Guangzhou King Teller Company Ltd., Hantle Inc., Hitachi Omron Terminal Solutions Corporation, Nautilus Hyosung America Inc., Remote-Smart LLC.
The global automated teller machine market has been segmented based on user interface, deployment type and ATM Type and key geographies. Based on user interface, the market comprises of touchscreen and keypad. Based on deployment type, the market has been segmented into onsite and offsite. Based on ATM type, the market has been segmented into cash dispenser, cash deposit and cash recycler.
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This research report on automated teller machine market provides in-depth analysis of the global automated teller machine market based on user interface, deployment type, ATM type and major geographies for the forecast period from 2018 to 2025. The report highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for automated teller machine market. The report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.
Key questions answered in this research report:
1- At what pace is the automated teller machine market growing, globally? What will be the growth trend in future?
2- What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
3- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the automated teller machine market?
4- What are the various application areas and how they are poised to grow?
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