Industry Outlook

Automatic teller machine (ATM) is a device that allows to carry out multiple activities associated with bank or financial institutes besides cash dispensing. ATM machines are becoming an indivisible part of modern day economy and one of the most reliable & referred sources for cash transaction. Economic reforms in developing countries helped ATM market to reach a market value of US$ 16.83 Bn in 2020. The market expected to reach a mark of US$ 33.16 Bn in 2029 growing with a considerable growth rate of 7.8% throughout the forecast period from 2021 to 2029. The market projected to lose its momentum of growth due to rising prevalence of mobile and internet banking. However, automatic teller machines contemplated to emerges as the first preference for consumer for any cash related transaction and thus, extending the lifeline of the market.

"Offsite ATM is on Growth Streak Surpassing Onsite ATM in Terms of Market Value"

The initial part of the automatic teller machines market was extensively dominated by onsite ATM machines. The number of ATMs was limited at that time and banks were slowly exploring possibilities and shortcoming under keen eye of their issuing branches. Subsequnet rise in security and sophistication installed courage in banks and other financial institutes to take their ATM offsite. The installation of ATM at malls, public transport stations, multiplexes, marketplaces, educational institutes & marketplaces shown a significant rise and thus offsite ATM market surpassed onsite ATM in terms of market value. Further with the introduction of mobile ATMs and white label ATMs, offsite ATM expected to take undisputed lead in coming years.

"White label ATMs Not Living up to Expectation to Overcome Brown Label ATMs"

The ATMs managed by other companies but financially governed by certain financial institute or bank is known as brown label ATM. In 2020, brown label ATM dominated the global automatic teller machines market in terms of volume as well as market value. Banks often prefer to contract ATM vendors to manage and handle the technical aspects of ATMs while managing the financial aspects by themselves. This type of services allows the banks to cater their customer needs by reducing the overheads to maintain the systems. However, white label ATMs that are set-up and operated by non-banking entities lacks spark to outgrow brown label tags. Consequently, later segment is not showing intent to grow with a notable growth rate in coming years.

"Developing Economies Held Asia Pacific on Top In Automatic Teller Machines (ATM) Market"

The world is witnessing a radical development of countries in Asia Pacific with respect to economy as well as industries. Renowned banks across the globe have their presence in these developing economies such as China, India, South Korea, and Taiwan. The banks helped these countries for developing financial literacy and convenient technology such as ATMs. This helped the region gain dominance over other regions in terms of market value and number of ATMs installed. North America trails Asia Pacific further trailed by Europe. North America including the U.S. and Canada continuously boosting ATM count per 100K people across the country. However, Asia Pacific expected to outshine another region in ATM market in coming years.

"Huge Potential Drawn Automatic Teller Machine Giants into the Field for Face-off"

Automatic teller machines (ATM) Market have tremendous potential and several ATM manufacturers are facing each other in intense competitive environment to claim their share of market. The companies are continuously trying enter into long terms partnerships with leading bank across the globe to provide automatic teller machines and managed services. The companies are also paying special attention towards fortifying their machines against any possible threat of fraud or break-ins. The research study include business strategies and recent development of few of the most prominent players in automatic teller machines market includes Hitachi-Omron Terminal Solutions, Mitsubishi Electric Corporation, NCR Corporation, Sharp Electronics Corporation, Tianma Micro-electronics Co., Triton Systems of Delaware, GRG Banking, Intertech Bilgi, Oki Electric Industry Co., AU Optronics Corp., Fujitsu Frontech, KYOCERA Corporation, HESS Cash Systems GmbH, Nautilus Hyosung Corp., and Dibold Nixdorf among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Automatic Teller Machines (ATM) market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Automatic Teller Machines (ATM) market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Automatic Teller Machines (ATM) market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Automatic Teller Machines (ATM) market?
• Which is the largest regional market for Automatic Teller Machines (ATM) market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Automatic Teller Machines (ATM) market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Automatic Teller Machines (ATM) market worldwide?