About Automated Teller Machines
An automatic teller machine is a computerized telecommunication device and a real-time system provides service of the financial institution with access to the bank accounts in public space without the involvement of any financial institution. ATM allows users to access bank accounts and enable them to deposit and withdrawal money and also can check bank balance. Generally, ATM is connected to interbank networks. The ATM industry is enhancing with the latest technologies and functionalities. The ATM industry always having vibrant growth and opportunity while facing challenges during the process of transformation in terms of cost.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The global Automated teller machine market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Automated Teller Machines market throughout the forecasted period. Established and emerging Players 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), Diebold Nixdorf (United States), Hitachi-Omron Terminal Solutions, Corp. (Japan), GRG Banking (China), Fujitsu Frontech Ltd. (Japan), Triton Systems of Delaware LLC (United States), Nautilus Hyosung Corp. (United States), HESS Cash Systems GmBH & Co. KG (Germany), Oki Electric Industry Co., Ltd. (Japan), Intertech Bilgi (Turkey) and RusBit (Russia) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Automated Teller Machines market by Type (Leased Line ATM Machines and Dial-Up ATM Machines), Application (Withdrawals, Transfers and Deposits) and Region.
On the basis of geography, the market of Automated Teller Machines 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). If we see Market by Screen Size, the sub-segment i.e. 15 Inch will boost the Automated Teller Machines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancements Such As Facial Recognition in ATMs
Market Growth Drivers:
Increase Demand of 24 Hour Banking Services, Growing Concern towards Privacy in Banking Communications, Increase Loads on Ban Staffs and Increase Demand for Error Free Transaction
Challenges:
Increase Frauds by Europay, Mastercard and Visa (EMV) and Continuously Upgradation in Operating System
Restraints:
Increase in the Number of POS Terminals Are Among Factors Hamper the Growth of the Automated Teller Machine (ATM) Market
Opportunities:
Increase Number of Travellers in the Emerging Countries and Bitcoin-Related Services Started Emerging To Support the Growth
Market Leaders and their expansionary development strategies
In Jul 2019, Hitachi Omron Terminal Solutions announced the acquisition of Interblocks. This agreement enables Hitachi-Omron Terminal Solutions to offer service infrastructure by making use of the software suites and product development capabilities that Interblocks own.
In Apr 2019, Diebold Nixdorf announced a collaboration with KeyBank to transform more than 1,400 automated teller machines in the bank’s network. Through this agreement Diebold Nixdorf automation software via a suite of integrated solutions in the DN Vynamic portfolio.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Automated Teller Machines Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
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.