About Cash Recycling ATM
Cash Recycling ATM is the machine which operates for dual purpose: first one is cash deposition assistance and second is cash dispense like normal ATM. The Consumer deposits the Cash in machine, and it is counted, verified, and stacked down to respective holders for different bill amount. The user gets receipt for the deposition of the cash and machine gets the resources for cash withdrawal by same or another client. This eliminates the need of bank separately visiting and adding cash after cash runs out in ATM.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market for the cash recycling ATM is fragmented by the global players in order to serve the surge in demand for the cash in different locations for which the bank has to spend the lot to employ the cash deposits and transaction process. To optimise the procedure of cash deposit and innovation in smart deposition and disposal of cash machines is the need of the hour and will help the market players to grab the market share. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Cash Recycling ATM market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
NCR Corporation (United States), Fujitsu (Japan), Diebold Nixdorf (United States), GRG Banking (China), CMSI (Switzerland), Glory (Japan), Hitachi (Japan), Disko (Japan), KEBA (Austria) and Hyosung (South Korea) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are ARCA (United States) and Crane Payment Innovations (United States).
Segmentation Overview
AMA Research has segmented the market of Global Cash Recycling ATM market by Type (Front Access and Rear Access), Application (ATM, Self-Check-out, Bill Payment, Retail Cash Management and Teller Assist) and Region.
On the basis of geography, the market of Cash Recycling ATM has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023. If we see Market by Sales Channel, the sub-segment i.e. Direct will boost the Cash Recycling ATM market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Employment of Automated Cash Handling reducing Errors Throughout the Entire Process
Market Growth Drivers:
Rise in Need of Financial Institutions Cost Optimisation and Growth in Inclination of Financial Institutions Towards Enabling Revenue Growth and Delivering Ever Improving Consumer Service
Challenges:
Rising Digital Payment Options are Slowly Eliminating the Need of Cash Deposition or Carry Over
Restraints:
Increasing Counterfeit Activity and Data Breaches by Hackers
Opportunities:
Rise in Need of The ATM at Remote Location Where Bank Cannot Store or Relocate the Branch for Cash Transactions and Rise in Customer-Focused Services by Banks
Market Leaders and their expansionary development strategies
In September 2023, Hitachi Payment Services, India’s leading payments and commerce solutions provider, today announced the launch of the country’s first-ever UPI-ATM as a White Label ATM (WLA) in association with National Payments Corporation of India (NPCI), offering secure card-less cash withdrawals. The UPI-only White Label ATM significantly enhances customer security by eliminating the need for physical cards.
In Aug. 29, 2023, Diebold Nixdorf announced at Intersect Las Vegas the launch of two new models as part of its DN Series family, the DN Series 600V teller cash recycler system for in-branch use, and the DN Series 430V, an outdoor walk-up cash recycler. Both systems are powered by Diebold Nixdorf's innovative, reliable fourth-generation generation recycling module, delivering superior performance with new capabilities such as dual-compartment cassettes.
Key Target Audience
Cash Recycling ATM Manufacturer, Research Institutes, End User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.