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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