The global automated teller machine (ATM) market was valued at USD 13,960.5 million in 2017 and is expected to reach USD 27,870.1 million by 2025, growing at an estimated CAGR of 8.8% during the forecast period. The growing dependency of the people on ATMs for cash withdrawals and cash deposits an at any time is one of the key factors that is supporting the growth of the market.
The installed base of touch screen-based ATM machines is expected to significantly increase in the developed and developing countries by 2025
Based on the user interface, the global ATM market has been segmented into touch screen and keypad. In 2017, keypad-based ATM machine held the largest share in the global automated teller machine market. Ease of use is one of the key factors supporting the growth of global keypad-based ATM machines. However, with the technological advancements and growing need for a user-friendly interface, it is predicted that in the coming years, the installed base of touchscreen-based ATM machines will rise significantly. Further, offsite ATM machines are witnessing steady growth in the global ATM market by deployment type. It is expected that the offsite ATM machines would grow at an estimated CAGR of 10.8% during the forecast period.
“In 2017, about 3.4 million ATMs were installed, globally and it is expected, that by 2022, ATM installation base would be more than 4.0 million. The growing need for automation in the banking sector is propelling the growth of the global ATM market. In addition, the rising demand for paperless transactions and energy efficient ATMs are further, fuelling, the market growth. However, growing incidences of card skimming are hindering the growth of the market.”
Presence of leading ATM technology developers and ATM manufacturers are few of the factors which are supporting the growth of the ATM market in North America. Further, the North American ATM market is being driven by the population in the age group of 25-34 years, about 62% of the ATM transactions are done by the people in this age group in a month. In 2017, North America held the largest share in the global ATM market, followed by Asia-Pacific. The Asia-Pacific market is projected to grow at an estimated CAGR of 12.0% during the forecast period Countries, such as India, China, Australia, and Japan are contributing towards the growth of the ATM market in the region.
• In 2017, keypad-based ATM machine held the largest share in the global automated teller machine market.
• It is expected that the offsite ATM machines market would grow at an estimated CAGR of 10.8% during the forecast period.
• In 2017, North America held the largest share in the global ATM market followed by Asia-Pacific.
• Asia-Pacific is anticipated to grow at an estimated CAGR of 12.0% during the forecast period in the global ATM market.
Various notable players operating in the automated teller machine market are NCR corporation, Diebold Nixdorf and Wincor Nixdorf. The other companies manufacturing ATMs are Euronet Worldwide, FUJITSU, GRG Banking Equipment Company Limited, Guangzhou King Teller Company Ltd., Hantle Inc, Hitachi Omron Terminal Solutions Corporation, Nautilus Hyosung, Remote-Smart LLC.
The global automated teller machine market has been segmented based on user interface, deployment type, ATM type, and key geographies. Based on the user interface, the market has been segmented into touch screen and keypad. Based on deployment type, the market comprises of onsite and offsite. Based on ATM Type, the market has been segmented into a cash dispenser, cash deposit, and cash recycler.
This research report on automated teller machine market provides in-depth analysis of the global automated teller machine market, based on user interface, deployment type and ATM Type and major geographies for the forecast period from 2018 to 2025. The report highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for automated teller machine market. The report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent development in the market.
For more details, browse the Table of Contents: https://www.gmiresearch.com/report/gloabal-automated-teller-machine-atm-market-2018-2025-opportunities-forecasts-share-trends-insights-applications-healthcare.html
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