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)

Dublin, March 14, 2023 (GLOBE NEWSWIRE) -- The "Automated Teller Machines (ATMs): Global Strategic Business Report" report has been added to ResearchAndMarkets.com'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	Details
No. of Pages	318
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	4.7%
Regions Covered	Global

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• 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

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• 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

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/78e9o8

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• Global Market for Automated Teller Machines (ATMs)

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