The global ATM (Automated Teller Machine) market was worth US$ 18.5 Billion in 2018 and is expected to reach a value of US$ 28.2 Billion by 2024, registering a CAGR of around 7% during 2019-2024.
An automated teller machine (ATM) is an electronic banking machine that enables consumers to perform basic transactions using credit or debit cards. It is a specialized computer that manages money and performs functions such as cash withdrawal, cash deposit and fund transfer.
An ATM consists of a card reader, keypad, cash dispenser, printer and a display screen through which relevant account balance information is conveyed to the user. As compared to traditional bank tellers, ATMs serve as a quick, convenient and self-serving alternative for a smooth financial transaction.
Growing urbanization and digitalization in both the emerging and developed economies is the primary factor driving the growth of the market. The key features of ATMs, such as 24x7 availability of cash, along with provisions for fund transfer and bill payments, have favored their widespread acceptance across the globe.
Additionally, improved security mechanisms such as biometric authentication and One Time Password (OTP) services to prevent fraudulent transactions, coupled with the introduction of Talking ATMs for individuals with special needs, are also augmenting the growth of the market. Furthermore, the thriving tourism industry is another significant factor driving the market.
These machines serve as a convenient currency exchange option for international tourists through features such as Dynamic Currency Conversion (DCC). Apart from this, ATMs play a crucial role in reducing the overall workload of bank employees and aid the consumer to skip long queues for cash transfers and deposits. ATMs also reduce the frequency of human error, thus assisting banks in ensuring efficient operations along with seamless experience for the consumer.
Key Questions Answered in This Report:
How has the global ATM market performed so far and how will it perform in the coming years?
What are the key regional markets in the global ATM industry?
What is the breakup of the market based on the solution?
What is the breakup of the market based on the screen size?
What is the breakup of the market based on the application?
What is the breakup of the market based on the ATM type?
What are the various stages in the value chain of the global ATM industry?
What are the key driving factors and challenges in the global ATM industry?
What is the structure of the global ATM industry and who are the key players?
What is the degree of competition in the global ATM industry?
Key Topics Covered:
2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.4 Market Estimation 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction 4.1 Overview 4.2 Key Industry Trends
5 Global ATM Market 5.1 Market Overview 5.2 Market Performance 5.3 Market Breakup by Solution 5.4 Market Breakup by Screen Size 5.5 Market Breakup by Application 5.6 Market Breakup by ATM Type 5.7 Market Breakup by Region 5.8 Market Forecast
6 Market Breakup by Solution 6.1 Deployment Solutions 6.1.1 Market Trends 6.1.2 Market Breakup By Type 22.214.171.124 Onsite ATMs 126.96.36.199 Offsite ATMs 188.8.131.52 Work Site ATMs 184.108.40.206 Mobile ATMs 6.1.3 Market Forecast 6.2 Managed Services 6.2.1 Market Trends 6.2.2 Market Forecast
7 Market Breakup by Screen Size 7.1 15" and Below 7.2 Above 15"