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ATM Market: Analysts Expect Robust Growth in 2024

Author : Ronak Bora | Published Date : 2020-09-10 

The advent of smartphones & next-gen connected technologies enabling safe, easy, & rapid cash access has considerably revolutionized Automated Teller Machine (ATM) Market in the recent years. With the concept of the Internet of Things gaining traction and the deployment of mobiles becoming more prominent across the globe, consumers are expecting banks to provide effective, accessible, connected, and user-friendly applications for dispensing cash.

In a bid to remain competitive in the ATM industry, financial institutions have been making numerous efforts to provide cardless services to their customers through new software installations in automated teller machines that can be accessed via mobiles. This move is slated to bring about a paradigm shift in the Automated Teller Machine (ATM) Market over the years ahead.

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As end-users come across numerous payment alternatives – from cash payments to paying out with the help of ATM cards and mobile wallets to P2P (person-to-person) apps, the evolution of a new payment norm has been observed, with customers adopting an integrated mix of payment choices in the current fragmented payment landscape. Today, banking applications have been witnessing a drastic change as compared to the yesteryears, with consumers requiring 24X7 accessibility to the bank services. 

In consequence, ATMs, being the byproduct of banking activities, have emerged as the tangible instruments of the digital banking business enhancing the cash-transaction efficiency and adding toward proficiency in the banking sector. Experts have claimed that the Automated Teller Machine (ATM) Market is going to grow further into a low-cost and high-value physical infrastructure that will empower banking systems to focus more on their other online service channels.

The global ATM industry however, is being plagued by frauds such as ATM skimming, that have emerged as a critical issue concern for banking institutions, having caused heavy financial losses in recent times. As per reliable sources, ATM skimming losses in Europe were reported to have risen by 16% in 2015 and are anticipated to increase further over the coming years, which may prove to be a major restraint for the regional Automated Teller Machine (ATM) Market.

Top Key Players In ATM Market are Diebold Nixdorf, Incorporated, Euronet Worldwide, Inc., Fujitsu Limited, GRG Banking Equipment Co. Ltd., Hess Cash Systems Gmbh & Co. Kg, Hitachi-Omron Terminal Solutions Corporation, Nautilus Hyosung, NCR Corporation, Tidel Engineering, L.P., Triton Systems of Delaware LLC

With rapid innovations witnessed in the EMV and NFC card technologies, North America Automated Teller Machine (ATM) Market is forecast to observe a profitable expansion. Most of the banks in the region have made large-scale investments in paperless transactions. Companies partaking in North America ATM industry share, in particular, have been involved in product differentiation, which has significantly aided the transformation of the regional Automated Teller Machine (ATM) Market outlook.

For instance, in 2015, NCR introduced a new ATM, referred as SelfServ 23, in the region to enhance the end-user experience along with cost-reduction related to ATM network operations. The new product offers protection to its consumers against cash trapping, dispenser manipulations, and card skimming activities. Given the technological advancements prevalent in the region, North America ATM industry is likely to chart out a lucrative growth curve ahead.

Table Of Content:

Chapter 4    Automated Teller Machine (ATM) Market, By Solution

4.1    Automated Teller Machine (ATM) Market share by solution, 2016 & 2024

4.2    Deployment

4.2.1   Market estimates and forecast, 2013 - 2024

4.2.2   Market estimates and forecast, by region, 2013 - 2024

4.2.3   Onsite (Bank-owned)    Market estimates and forecast, 2013 - 2024    Market estimates and forecast, by region, 2013 - 2024

4.2.4   Offsite    Market estimates and forecast, 2013 - 2024    Market estimates and forecast, by region, 2013 - 2024

4.2.5   Worksite    Market estimates and forecast, 2013 - 2024    Market estimates and forecast, by region, 2013 - 2024

4.2.6   Mobile    Market estimates and forecast, 2013 - 2024    Market estimates and forecast, by region, 2013 - 2024

4.3    Managed Services

4.3.1   Market estimates and forecast, 2013 - 2024

4.3.2   Market estimates and forecast, by region, 2013 - 2024

Chapter 5      Automated Teller Machine (ATM) Market, By Region

6.1    Key trends by region

6.2    North America

6.2.4   U.S.

6.2.5   Canada

6.3    Europe

6.3.3   UK

6.3.4   Germany

6.3.5   France

6.3.6   Italy

6.3.7   Spain

6.4    Asia Pacific

6.4.3   China

6.4.4   India

6.4.5   Japan

6.5    Latin America

6.5.3   Brazil

6.5.4   Mexico

6.6    MEA

6.6.3   GCC

6.6.4   South Africa

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/ATM-market-report

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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