Market Snapshot:
To access funds kept in the bank at any time was not an easy task. Nowadays, the ATM machine allows transactions to take place easily with the use of ATM card. The ATM card helps the customer providing funds when required. According to the ATM Industry Association, around 3 Million ATM units are currently in use around the World. By 2020, another million ATM is expected to be installed, the Global ATM market is projected to see significant growth in ATM installation.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Largest Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Diebold, Inc. (United States), NCR Corporation (United States), Triton Systems of Delaware, LLC (United States), Tranax (United States), Euronet Worldwide, Inc. (United States), Itautec (Brazil), Wincor Nixdorf AG (Germany), HESS Cash Systems GmbH & Co KG (Germany), SPL Group (Germany), GRG Banking Equipment Co. Ltd. (China), Nautilus Hyosung Corporation (South Korea) and Fujitsu Ltd. (Japan) |
CAGR | 8.45% |
Segment Analysis
AMA Research have segmented the market of Global Automatic Teller Machine market by Type, Application and Region. On the basis of Type, Brown Label ATM are dominating the market in the year 2022
On the basis of geography, the market of Automatic Teller Machine 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 2022. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Trend
Card Less ATM Access and Biometric ATM are in Trend
Market Drivers
Growing Fund Transfer in Developing Countries, Upsurge Demand for Automated System, Fluctuation in Monetary Regulation and Increasing Infrastructural Developments in Emerging Countries
Opportunities
Significant Growth Opportunities in Developed Markets
Restraints
- Lack of Proper Network Connectivity
In addition to the aforementioned factor, Growing Fund Transfer in Developing Countries
is expected to propel the growth of the market over the forecast period.
The key Manufacturers profiled in the study are Diebold, Inc. (United States), NCR Corporation (United States), Triton Systems of Delaware, LLC (United States), Tranax (United States), Euronet Worldwide, Inc. (United States), Itautec (Brazil), Wincor Nixdorf AG (Germany), HESS Cash Systems GmbH & Co KG (Germany), SPL Group (Germany), GRG Banking Equipment Co. Ltd. (China), Nautilus Hyosung Corporation (South Korea) and Fujitsu Ltd. (Japan). A lot of United States players are profiled in the research study indicating a strong market dependence.