Home Press Releases Automated Teller Machine (ATM) Market Size Worth $ 31.42 Billion By 2030 | CAGR: 4.9%

Automated Teller Machine (ATM) Market Size Worth $ 31.42 Billion By 2030 | CAGR: 4.9%

The global Automated Teller Machine (ATM) market size is expected to reach USD 31.42 billion by 2030, according to a new study by Polaris Market Research. The report “Automated Teller Machine (ATM) Market Share, Size, Trends, Industry Analysis Report, By Type (Conventional ATMs, Brown Label ATMs, White Label ATMs, Smart ATMs, and Cash Dispensers); By Solution; By Application; By Region; Segment Forecast, 2022-2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The use of automated teller machines across a variety of industries, such as banking and financial services, is one of the main drivers fueling the industry’s expansion. Customers can obtain banking services at any time, thanks to ATMs. To generate cash, installation and maintenance operations have increased.

 

Have Questions? Request a sample or make an Inquiry before buying this report by clicking the link below: https://www.polarismarketresearch.com/industry-analysis/automated-teller-machine-atm-market/request-for-sample

 

To complete ATM depositing and cash distribution, you must have a reliable cash management solution. Cash recycling is a low-cost cash control method that provides banks with advantages like fraud detection, complete and comprehensive accuracy, and quality enhancements. Since it is the most practical, cash is frequently chosen as the preferred form of payment.

 

Customers anticipate quicker, more dependable, secure, and convenient ways to access money as technology develops; this expectation is a key driver of the expansion of the ATM industry. The industry is also growing as a result of increasing ATM demand, rising equipment management, handling and transportation costs and rising ATM security expenses.

 

The global banking industry has also experienced substantial technological advancements over the past several decades, including the incorporation of IoT data analysis, biometrics, and cyber security, all of which have propelled the industry’s expansion. Customers can operate ATMs to open FDs, recharge phones, pay yearly income tax, for shopping, for paying at any store, and apply for personal loans in addition to cash withdrawals and checking accounts. Banks are developing smart anti-ATM skimming devices and other security measures to help monitor the system for unauthorized infiltration devices and prevent card and PIN data theft.

 

Furthermore, companies are concentrating on expanding their market position through smart acquisitions and innovative technology. For example, NCR Corporation announced in August 2021 that the Competition and Markets Authority in the United Kingdom had approved its acquisition of Cardtronics Plc., one of the largest non-bank ATM operators.

 

Automated Teller Machine (ATM) Market Report Highlights

 

  • Brown label ATM segment is anticipated to grow at a CAGR of 4.9% over the forecast period owing to the proliferation of pink and green ATMs in various emerging nations.
  • Smart ATM accounted for 4.9% of the global revenue share. A recent development in the ATM sector that is gaining popularity is the introduction of Smart ATMs. Automated teller machines (ATMs) that are smart can perform other tasks in addition to disbursing cash. Modern technology can be used with smart ATMs to enhance customer satisfaction while reducing fraud.
  • Asia-Pacific is expected to grow at a CAGR of 4.9% over the projected period. The growth of the industry in APAC over the forecast period would be facilitated by an increment in the number of ATM installations.
  • The industry is highly competitive owing to the existence of large industry players with a global presence including Diebold Nixdorf, Euronet Worldwide Incorporation, Fujitsu Ltd, NCR Corporation, Oki Electric Industry Co. Ltd., and Triton Systems of Delaware LLC.

 

Polaris Market Research has segmented the Automated Teller Machine (ATM) market report based on solution, type, application, and region:

 

Automated Teller Machine, Solution Outlook (Revenue – USD Billion, 2018 – 2030)

  • Deployment Solution
    • Onsite ATMs
    • Offsite ATMs
    • Worksite ATMs
    • Mobile ATMs
  • Managed Services

Automated Teller Machine, Type Outlook (Revenue – USD Billion, 2018 – 2030)

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

Automated Teller Machine, Application Outlook (Revenue – USD Billion, 2018 – 2030)

  • Commercial
  • Government
  • Residential

Automated Teller Machine, Regional Outlook (Revenue – USD Billion, 2018 – 2030)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

License and Pricing

Buy Now

Purchase Report Sections

  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
Request for Discount Pricing

Request For Customization

Please specify your research requirement and get customized report


Regional AnalysisSegmentation AnalysisIndustry OutlookCompetitive Analysis
By using this form you agree with the storage and handling of your data by this website.

Speak to Analyst

By using this form you agree with the storage and handling of your data by this website.