ATM Market revenue to cross USD 25 Bn by 2027: Global Market Insights Inc.

ATM Market revenue to cross USD 25 Bn by 2027: Global Market Insights Inc.

PR Newswire

SELBYVILLE, Del., Jan. 11, 2022

Major automated teller machine (ATM) market players include NCR Corporation, Diebold Nixdorf, Euronet Worldwide, Inc., Hyosung, Hitachi-Omron Terminal Solutions Corporation, Triton, Rapidcash ATM, G4S, OKI Electric Industry co. Ltd., Brinks, SPL Group, FIS, Kuba, and Hantle.

SELBYVILLE, Del., Jan. 11, 2022 /PRNewswire/ -- The ATM market size is anticipated to record a valuation of USD 25 billion by 2027, according to the most recent study by Global Market Insights Inc. The market growth can be attributed to the growing demand for automation and digitalization in the banking sector.

Automated Teller Machine (ATM) Market

ATM managed services assist financial institutions in maintaining the smooth execution of their programs. This allows for increased operational efficiency, enables staff time to focus on productive activities, and improves cardholder satisfaction. Managed services enable financial institutions to transfer non-core functions to a specialized service provider, increasing their core financial operations capabilities. Managed services help financial institutions enhance their network for multichannel distribution and improved cross-selling prospects. Outsourcing managed services to a service provider has several advantages including lower infrastructure capital expenditures, increased operational profitability, compliance with new regulatory standards, and disaster recovery.

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Residential locations are witnessing a surge in the deployment of ATMs as it helps to reduce travelling cost by offering banking solutions within the proximity of the user's residence. The multipurpose capabilities of ATMs help customers make bill payments, transfer cash, and apply for personal loan. The users can avail these services without the intervention of the operator in their preferred languages, boosting the ATM market expansion. Residential ATMs reduce the workload of bank staff and minimize queues in bank premises.

The increasing deployment of ATMs, particularly in emerging countries, such as Mexico and Brazil, is credited to the market progression in Latin America. In this region, the lack of understanding about digital payment alternatives in most economies will enhance the significance of ATMs for cash-based and other financial activities. Due to the increased need for dynamic machines and managed services in the financial industry, the Latin America market provides growth prospects. This region is experiencing rapid growth as a result of its cash-based economy and government support for electronic banking. Implementing biometric technology in ATMs with intuitive touch displays to allow 24X7 cash availability will increase industry revenue.

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Some major findings of the automated teller machine (ATM) market report are:

Table of Contents (ToC) of the report:

Chapter 3 Automated Teller Machine (ATM) Market Insights

3.1  Industry segmentation

3.2  Impact of coronavirus (COVID-19) pandemic

3.2.1  Global outlook

3.2.2  Regional outlook

3.2.3  Industry value chain  Raw material providers  Component providers  Manufacturers  Distributors  Technology providers

3.2.4  Competitive landscape  Marketing  Distribution channel  Business growth

3.3  Industry ecosystem analysis

3.3.1  Raw material suppliers

3.3.2  Component providers

3.3.3  Manufacturer's

3.3.4  Distributors

3.3.5  Technology providers

3.3.6  Financial institutions

3.3.7  Vendor matrix

3.4  Technology & innovation landscape

3.5  Regulatory landscape

3.6  Industry impact forces

3.6.1  Growth drivers

3.6.2  Industry pitfalls & challenges

3.7  Growth potential analysis

3.8  Porter's analysis

3.9  PESTEL analysis

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Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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