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ATM Market 2023- Latest Trends, Size, Share, Statistics, Future Outlook, & Report 2028

Growing urbanization and digitalization in both emerging and developed economies is the primary factor driving the growth of the ATM (Automated Teller Machine) Market.
Published 17 August 2023

ATM (Automated Teller Machine) Market Research Report

The latest report by IMARC Group, titled “ATM Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global ATM market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global ATM market size reached US$ 22.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 29.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028.

An ATM, or automated teller machine, is an electronic device that enables individuals to perform various banking transactions without the need for a bank teller. It is commonly found in banks, shopping malls, airports, convenience stores, and other public locations. The primary function of an ATM is to dispense cash to customers. Users can withdraw money using a debit or ATM card by entering their personal identification number (PIN) to access their accounts and specify the desired amount to withdraw. Additionally, it helps users to check the balance of their bank accounts and transfer money from their account to another account within the same bank or sometimes to accounts in other banks. Depending on the bank and ATM type, additional services may be available, such as purchasing prepaid phone credits, paying bills, buying postage stamps, or reloading prepaid debit cards.

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Global ATM Market Trends:

The global market is majorly driven by the widespread acceptance and preference for automation. This can be attributed to the rising number of literate populations, along with continual technological advancements in the banking sector. Also, modern ATMs offer features of contactless card payments, mobile banking integration, biometric authentication, and interactive touchscreens. These advancements attract users, which, in turn, is creating a positive market outlook.

Coupled with this, ATMs offer easy accessibility and allow customers to access their funds and perform various transactions at their convenience, this is driving the deployment of ATMs in high-traffic areas, such as shopping centers, airports, and public spaces. In line with this, certain industries, such as retail, hospitality, and gaming, heavily rely on cash transactions. To cater to the needs of these industries, ATMs are deployed on-site, providing customers with quick access to cash for purchases or gaming activities, thus acting as a growth-inducing factor.

Competitive Landscape:                                

By IMARC group the report has also analyzed the competitive landscape of the market with some of the top ATM Service Providers being

Some of these key players include:

  • Diebold Inc.
  • Wincor Nixdorf AG
  • NCR Corporation
  • Triton Systems of Delaware
  • Hitachi-Omron Terminal Solutions
  • GRG Banking Equipment Co. Ltd.
  • OKI Electric Industry co. Ltd.
  • Nautilus Hyosung Corporation
  • HESS Cash Systems GmbH & Co KG
  • Fujitsu Ltd.
  • Euronet Worldwide
  • Brink's Company

Explore the Full Report with Charts, Table of Contents, and List of Figures:

Key Market Segmentation:

Breakup by Solution:

  • Deployment Solutions
  • Onsite ATMs
  • Offsite ATMs
  • Work Site ATMs
  • Mobile ATMs
  • Managed Services

Breakup by Application:

  • Withdrawals
  • Transfers
  • Deposits

Breakup by Type:

  • Conventional/Bank ATMs
  • Brown Label ATMs
  • White Label ATMs
  • Smart ATMs
  • Cash Dispensers

Breakup by Screen Size:

  • 15" and Below
  • Above 15"

Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • COVID-19 Impact on the Market
  • Porter’s Five Forces Analysis
  • Historical, Current and Future Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Structure of the Market
  • Value Chain Analysis
  • Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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