Automated teller machine market size to grow by USD 5,641.95 million from 2022 to 2027, Cashway Fintech Co. Ltd. and Diebold Nixdorf Inc. emerge as key contributors to market growth

Mar 27, 2023

NEW YORK, June 6, 2023 /PRNewswire/ -- The automated teller machine market is set to grow by USD 5,641.95 million from 2022 to 2027 progressing at a CAGR of 4.56% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The multifunctionality features of ATMs will drive the market growth. ATMs offer a faster way to avail of banking facilities and services beyond the normal working hours of a bank. ATMs can perform multiple functions, including both financial as well as non-financial services. It also provides various non-financial services, including balance inquiry, PIN change, requests for checkbooks, and other inquiries. Thus, their multifunctionality has led to an increased demand for ATMs across the world. This has, in turn, resulted in an increase in the number of ATMs globally. Therefore, the multifunctionality of ATMs has led to a rising number of ATMs across the world. This, in turn, is expected to drive the growth of the global ATM market during the forecast period. Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and forecast period (2023-2027). Download Sample Report in minutes!

The automated teller machine market covers the following areas:

Automated Teller Machine Market Sizing

Automated Teller Machine Market Forecast

Automated Teller Machine Market Analysis

The report on the automated teller machine market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.

Automated Teller Machine Market 2023-2027 - Market Dynamics

Significant Trend:

The increased rate of EMV adoption in ATMs is one of the key trends anticipated to fuel the market growth positively. With the increased rate of EMV adoption in ATMs, customers feel more secure while carrying out transactions. Consumers prioritize convenience and security while handling financial transactions, and to achieve this, financial institutions are increasingly focusing on providing access to EMV-compliant ATM services not only to protect their customers' financial information but also to reduce the threat of fraudulent activities.

Key Challenge:

High costs associated with ATMs is one of the key challenges hindering the automated teller machine market growth. ATMs are an expense for a bank, in terms of the cost of the machine, monthly rentals for the space that they occupy at a branch office or off-site (outside the bank premises), the cost of commercial electricity, and the cost of hiring a security guard to prevent untoward incidents.Such factors will hinder the market growth during the forecast period.

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Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession

Global competitiveness and key competitor positions

Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Automated Teller Machine Market 2023-2027 : Market Segmentation

This automated teller machine market report extensively covers market segmentation by type (brown label, white label, and others), deployment (offsite ATM, onsite ATM, and others), and geography (North America, APAC, Europe, South America, and Middle East and Africa).

The market share growth by the brown label segment will be significant for overall market growth during the forecast period. Governments around the world are increasingly recognizing the potential of brown-label ATMs to expand financial inclusion, especially in rural areas. To improve access to banking services, the Indian government is actively supporting the installation of such ATMs. With the recommendation of the Reserve Bank of India, the use of brown label ATMs is increasing in India. Therefore, the increasing penetration of Brown Label ATMs is expected to drive the growth of the Brown Label ATM segment, which in turn drives the growth of the focus market during the forecast period.

This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View Sample Report

Companies Mentioned

Cashway Fintech Co. Ltd.

Diebold Nixdorf Inc.

Eastcompeace Technology Co. Ltd.

Euronet 360 Finance Ltd.

Fujitsu Ltd.

G4S Ltd.

Genmega Inc.

GRGBanking

HANTLE Inc.

Hitachi Ltd.

Lipi Data Systems Ltd.

NCR Corp.

Oki Electric Industry Co. Ltd.

Paycorp Investments Proprietary Ltd.

Source Technologies

SPL Computer Trading GmbH

The Brinks Co.

Triton Systems

Vendor Offerings

Cashway Fintech Co. Ltd.: The company offers various ATMs such as CASH80AWI ALI and ATM dispensing system with wireless POS payment technology.

Diebold Nixdorf Inc.: The company offers ATM machines such as DN Series 100D, DN Series 200, and DN Series 400.

Eastcompeace Technology Co. Ltd.: The company offers ATM services such as eRecharge Kiosk machine SIM ATM with user friendly solutions.

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Automated Teller Machine Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.56%

Market growth 2023-2027

USD 5,641.95 million

Market structure

Fragmented

YoY growth 2022-2023(%)

3.75

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 52%

Key countries

US, China, India, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Cashway Fintech Co. Ltd., Diebold Nixdorf Inc., Eastcompeace Technology Co. Ltd., Euronet 360 Finance Ltd., Fujitsu Ltd., G4S Ltd., Genmega Inc., GRGBanking, HANTLE Inc., Hitachi Ltd., Lipi Data Systems Ltd., NCR Corp., Oki Electric Industry Co. Ltd., Paycorp Investments Proprietary Ltd., Source Technologies, SPL Computer Trading GmbH, The Brinks Co., and Triton Systems

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

4.1 Global automated teller machine market 2017 - 2021

4.2 Type Segment Analysis 2017 - 2021

4.3 Deployment Segment Analysis 2017 - 2021

4.4 Geography Segment Analysis 2017 - 2021

4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

5.1 Five forces summary

5.2 Bargaining power of buyers

5.3 Bargaining power of suppliers

5.4 Threat of new entrants

5.5 Threat of substitutes

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by Type

6.1 Market segments

6.2 Comparison by Type

6.3 Brown label - Market size and forecast 2022-2027

6.4 White label - Market size and forecast 2022-2027

6.5 Others - Market size and forecast 2022-2027

6.6 Market opportunity by Type

7 Market Segmentation by Deployment

7.1 Market segments

7.2 Comparison by Deployment

7.3 Offsite ATM - Market size and forecast 2022-2027

7.4 Onsite ATM - Market size and forecast 2022-2027

7.5 Others - Market size and forecast 2022-2027

7.6 Market opportunity by Deployment

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation

9.2 Geographic comparison

9.3 North America - Market size and forecast 2022-2027

9.4 APAC - Market size and forecast 2022-2027

9.5 Europe - Market size and forecast 2022-2027

9.6 South America - Market size and forecast 2022-2027

9.7 Middle East and Africa - Market size and forecast 2022-2027

9.8 US - Market size and forecast 2022-2027

9.9 China - Market size and forecast 2022-2027

9.10 Germany - Market size and forecast 2022-2027

9.11 India - Market size and forecast 2022-2027

9.12 UK - Market size and forecast 2022-2027

9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

11.3 Landscape disruption

11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered

12.2 Market positioning of vendors

12.3 Cashway Fintech Co. Ltd.

12.4 Diebold Nixdorf Inc.

12.5 Eastcompeace Technology Co. Ltd.

12.6 Euronet 360 Finance Ltd.

12.7 Fujitsu Ltd.

12.8 G4S Ltd.

12.9 Genmega Inc.

12.10 GRGBanking

12.11 HANTLE Inc.

12.12 Hitachi Ltd.

12.13 NCR Corp.

12.14 Oki Electric Industry Co. Ltd.

12.15 Paycorp Investments Proprietary Ltd.

12.16 Source Technologies

12.17 Triton Systems

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

13.3 Currency conversion rates for US$

13.4 Research methodology

13.5 List of abbreviations

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