Automated Teller Machines (ATMs) Global Market to Reach $34.8 Billion by 2030: Robust Branch Automation Initiatives Offer Significant Growth Opportunities


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 AttributeDetails
No. of Pages318
Forecast Period2020 - 2027
Estimated Market Value (USD) in 2020$21.3 Billion
Forecasted Market Value (USD) by 2027$29.4 Billion
Compound Annual Growth Rate4.7%
Regions CoveredGlobal

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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