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Automated Teller Machines (ATMs) Global Market to Reach $34.8 Billion by 2030: Robust Branch Automation Initiatives Offer Significant Growth Opportunities

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Global Market for Automated Teller Machines (ATMs)

Global Market for Automated Teller Machines (ATMs)
Global Market for Automated Teller Machines (ATMs)

Dublin, March 14, 2023 (GLOBE NEWSWIRE) -- The "Automated Teller Machines (ATMs): Global Strategic Business Report" report has been added to's offering.

The global market for Automated Teller Machines (ATMs) estimated at US$22.4 Billion in the year 2022, is projected to reach a revised size of US$34.8 Billion by 2030, growing at a CAGR of 5.7% over the analysis period 2022-2030.

15 & Below, one of the segments analyzed in the report, is projected to record 5% CAGR and reach US$23.1 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Above 15 segment is readjusted to a revised 7.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $6 Billion, While China is Forecast to Grow at 9.2% CAGR

The Automated Teller Machines (ATMs) market in the U.S. is estimated at US$6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$7.8 Billion by the year 2030 trailing a CAGR of 9.2% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 4.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.

Select Competitors (Total 292 Featured) -

  • Automatia Pankkiautomaatit Oy

  • Banking Automation Ltd.

  • BankUnited

  • Banqit AB

  • Cashway Technology Co., Ltd.

  • Chungho Comnet Co., Ltd.

  • Diebold Nixdorf, Inc.

  • Eastcom Co., Ltd.

  • Euronet Worldwide, Inc.

  • First Merit Bank

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

  • Global competitiveness and key competitor percentage market shares

  • Market presence across multiple geographies - Strong/Active/Niche/Trivial

  • Online interactive peer-to-peer collaborative bespoke updates

  • Access to digital archives and Research Platform

  • Complimentary updates for one year

Key Attributes:

Report Attribute


No. of Pages


Forecast Period

2020 - 2027

Estimated Market Value (USD) in 2020

$21.3 Billion

Forecasted Market Value (USD) by 2027

$29.4 Billion

Compound Annual Growth Rate


Regions Covered


Key Topics Covered:




  • Influencer Market Insights

  • World Market Trajectories

  • Automated Teller Machines (ATMs): An Omnipresent Modern Convenience

  • Recent Market Activity

  • ATMs to Remain at Forefront of Self-Service Banking

  • Next-Generation ATMs Bring Attention towards Channel Management

  • Modern ATMs: Much More than Just Cash Dispensing Machines

  • Future of ATMs

  • Improving Economy Buoys General Market Optimism

  • Years 2016 and 2017 in Retrospect

  • 2018 Global Economic Outlook

  • Intense Competition on the Cards for the Market Leaders

  • Financial Services Industry Witness Consolidation Trends

  • Multi-Vendor ATM Software: The New Norm

  • Demand for Multiple Services Transform ATM System Functionality

  • Independent ATM Deployers (IADs) to Essay Significant Role

  • Key Challenges for IADs

  • Shared Regional ATM Networks Resorting to Mergers and Acquisitions

  • Other Significant Trends

  • Outlook

  • Asia-Pacific Commands the ATM Market

  • Technological Advances Set ATM Market on Expansion Spree

  • Automated Teller Machines (ATMs) - Global Key Competitors Percentage Market Share in 2022 (E)

  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

  • Impact of Covid-19 and a Looming Global Recession



  • ATMs: Brimming with Youth at 50

  • Key Trends within ATMs Market

  • Ongoing Modernization

  • Means for Supporting Payments Option

  • Use of Data and Analytical Tools for Delivering Consumer Insights

  • Increase in Cash Deposits and Recycling

  • Entirely New Experiences

  • Cardless ATMs

  • Cash Recycling and Use of Multiple Denominations

  • New Functionalities

  • Measures to Counter Fraud

  • Individualization

  • Digitalization

  • Miniaturization

  • Automation

  • Unchallenged Dominance of Cash: A Strong Growth Driver

  • Mobile Technology Revolutionizes ATM Functionality

  • Increasing Importance of ATMs in Mobile Banking Era

  • Advancements in ATM Technology

  • Potential for Offering Omnichannel Experience

  • Increasing Popularity of Self-service Options

  • ATMs: the Preferred Option of FIs

  • Increasing Sales of Smartphones Promote ATM-Mobile Convergence

  • Contactless ATM Transactions: The Future of Banking

  • Contactless Card Readers

  • Robust Branch Automation Initiatives Offer Significant Growth Opportunities

  • Video Teller Machines to Head Branch Transformation

  • The Rise of Personal Teller Machines to Improve Operational Efficiency

  • Technology Advancements: Spearheading Growth

  • Remote Deposit Capture: A New Technology to Expedite Deposits at ATM

  • Improved Data Storage and Transmission Reduce ATM Service Costs

  • ATM Virtualization

  • Cloud Technology to Slash Data Storage Costs

  • 4G-Connectivity to Improve ATM Efficiency

  • Triple DES and RKT Technologies

  • Web-Based Technology

  • Wireless Technology in ATMs

  • Talking ATMs for Visually Handicapped

  • Novel ATM Technologies for Target Marketing

  • ATM Design Innovations

  • Select ATMs with Innovative Features

  • Continuous Rise in Off-Premise ATM Installations Worldwide Bode Well for the Market

  • ATM Security: Crucial to Improving Consumer Confidence

  • Security Measures by Leading ATM Makers

  • Recent Biometric Advancements

  • ATM Fraud: A Global Menace

  • Innovative and Diverse Attacks Present Daunting Challenge for ATM Operators

  • Transition to Chip-Only Cards Set to Begin

  • ATM Malware - A Shift from Physical Attacks to Network-based Threats

  • Malware Targeting ATMs Since 2009

  • Net-work-Based Attack: The New Path to ATM Infection

  • ATM Standards: Work in Progress

  • Card-Based EACS: A Popular Choice of Access Control Strategy

  • Banking & Financial Services: One of the Most Promising End-use Sector for Card Based EACS

  • Expanding ATM Functionalities Enhance Self-Service Experience

  • Two-Way Video Communications

  • Two-Dimensional Bar Code Scanners

  • Additional Functionalities to Improve Revenue Streams

  • ATM Cash Recycling to Gain Prominence

  • PCI DSS Compliance Promotes Windows 7 Migration of ATMs

  • Outsourcing of Select ATM Operations in the Pipeline

  • Developing Countries to Turbo Charge Future Growth in the Market

  • Explosive Demand for ATM Cash Withdrawals Boosts ATM Installations

  • Rising Global Population Propels Demand for Banking and Financial Services

  • Expanding Middle Class Population in the Developing Countries Spur Market Growth

  • India & China: Important Potential Future Markets

  • ATM Fee on the Rise: A Cause for Concern

  • Banking Industry: A Macro Perspective

  • Heading Towards a Checkless Banking Society

  • Technology, Consolidation & Deregulation

  • ATMs: Forerunners in the Debit Card Market

  • Online Banking: A Convenient Mode of Banking

  • Masters in the Cashless Economy

  • Mobile Banking: The New Face of Banking

  • Role of ATMs in the Banking Sector

  • Changing Banking Strategies with Regard to ATMs

  • Promotional Schemes Increase ATM Usage

  • Transformation of Banking Industry Increases

  • ATM Innovations in over 50 Years

  • Turning Point in the Banking History

  • Sustained Relevance and Profitability Depends on Adoption of Emerging Technologies to Innovate and Grow

  • Expanding the Utility of ATMs

  • Disruptive Technology in Retail Banking

  • Tablet Cash Machines

  • The More Agile "Pop-Up" Branch

  • New Technologies and Innovations Imperative for Driving Growth in ATMs Market




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