Global Automated Teller Machine Market by user interface (keyboard and touch screens); bysolution type (deployment {on-site and off-site} and managed); and Region –Analysis of Market Size, Share & Trends for 2016 – 2019 and Forecasts to 2029

Market overview

An ATM is an automated banking outlet that allows consumers to complete simple transactions without a dealer or branch representative. Most ATMs are readily available to people with credit cards or debit cards. An effective cash management system is required for the depositing and cash distribution from ATM. Cash recycling serves as an innovative cash management system providing benefits to banks such as fake identification, full and total accuracy and improved customer service. The banks and credit unions have ATMs in some instances. Individuals and businesses can buy or rent ATMs on their own or from an ATM franchise. If people or small companies, such as restaurants and gas stations, own ATMs, the profit model is focused on fees for computer users.

Market Highlights

Fatpos Global anticipates the Automated Teller Machine market to surpass USD XX Billion by 2030, which is valued at XX billion in 2019 at a compound annual growth rate of XX%. The growing demand for automated systems is expected to affect the installation base over the forecast period in developing countries. In addition, there are also anticipated growth factors such as improved safety standards, technological progress and integrated Wireless devices such as smartphones. The main cause was the reduction of fraud caused by integration and the provision of diverse financial transaction services.

Source: Fatpos Global

Recent Highlights in theAutomated Teller Machine market

• In January 2019, the RBI made it compulsory for the banks to upgrade the older magnetic stripe cards to EMV chip cards, as they offer improved security and prevent theft and fraudulent activities.
• Diebold Nixdorf collaborated with AGS in 2016 to manufacture 40,000 goods by the end of 2019.

Automated Teller MachineMarket: Segments

Global market has been segmented on the basis of User interface and by solution type. It has been further segmented on the basis of region into North America, Europe, Asia-Pacific, Mid East and Africa.

By User interface (in %), globalAutomated Teller MachineMarket, 2019

The Touch screen segment is anticipated to register XX% of the volume share and is expected to grow at a highest CAGR.

GlobalAutomated Teller MachineMarket is segmented by user interfaceinto: Keypad and touch screen

Due to the keys, keyboard ATMs are better and easier to maintain, but due to an increased demand for user-friendly interfaces, ATM touchscreens have begun to penetrate the global ATM markets, mainly in the industrialized and developing economies.

By solution type (in %), globalAutomated Teller Machine Market, 2019

Deployment segment accounted for XX% of the global volume in 2019 and is anticipated to grow at a highest CAGR.

Global Automated Teller Machine market is segmented by solution type into deployment and managed.

Deployment made it easier for consumers to access 24/7 banking services. Increased installation and maintenance activities have drastically affected revenue generation

In the premisesof the bank, the installation of machines is performed, with machinery a there is the presence of physical bank branch. Such machines reduce the job burden of bank staff by eliminating long queues for payments, withdrawals and cash deposits at bank offices. It reduces the probability of causing errorsand ensures that banks will perform smooth financial transactions.

Source: Fatpos Global

GlobalAutomated Teller MachineMarket: Drivers and Restraints

Drivers

• Advancement in services

With the 24 * 7 standalone feature of banks' access to multi-station transactional services, demand for ATMs is increased. ATMs turn from basic cash distributors into more customized and rich forms of communication owing to technical advances in the banking and financial industries. The incorporation and value-added services have helped improve customer loyalty.

• Multi Functionality provided by an ATM

Fast access to complex services, including bill transfer, money transfers between accounts, and check clearance on ATM devices helps financial institutions raise banks' revenue. Therefore, in the coming years, a large turnover is expected in the use of automated teller machines.

Restraints

• Increasing risk due to technological advancement

Previously there was a substantially low risk of fraud because ATMs were seen as safe because of an online PIN to authenticate transactions. As innovation in the fintech industry is increasing, fraudsters have come up with frauds that hinder market growth, such as magnetic strips and pinhole cameras.

Other problems faced by the virtual data space markets are Inconsistent Business Semantics, Data Privacy, and Data Integration Issues, Presence of Data Silos.

Global Automated Teller Machine Market: Regions

Asia Pacific held the largest market accounting for XX% of total market volume share in 2019

The demand for interactive devices is increasing. It is estimated that more than one million ATMs are installed worldwide with over 800 000 in the Asia Pacific. It is projected that the industry needs will drive demand in this area in large unbanked populations across countries like India and China and in developing countries like Indonesia and Vietnam.

In the Middle East and Africa region, huge growth is also expected due to the cash-based economy, coupled with strong market demand and government support for electronic banking.

Source: Fatpos Global

The globalAutomated Teller Machinemarket is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y

            Growth, CAGR – United States and Canada

• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y

            Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America

• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth,

            CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium,

 Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia,

            Turkey and Rest of Europe

• APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth,

            CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New

            Zealand, Australia and Rest of APAC

• MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth,

            CAGR – North Africa, Israel, GCC, South Africa

GlobalAutomated Teller MachineMarket: Key Players

• Diebold Nixdorf
  • Company Overview
  • Business Strategy
  • Key Product Offerings
  • Financial Performance
  • Key Performance Indicators
  • Risk Analysis
  • Recent Development
  • Regional Presence
  • SWOT Analysis
• Euronet Worldwide Incorporation
• GRG Banking Equipment Co. Ltd.
• NHAUSA
• Source Technologies
• Incorporated NCR Corporation
• Fujitsu Ltd
• Hess Cash Systems GmbH
• NCR Corporation
• Triton Systems of Delaware LLC
• Other prominent players

The global Automated Teller Machinemarket report also contains analysis on:

• Automated Teller MachineMarket Segments:
  • Byuser interface:
    • Keyboard
    • Touchscreen
  • By solution type:            
    • Deployment
      • On-Site
      • Off-Site
    • Managed
• Automated Teller MachineMarket Dynamics
• Automated Teller Machine Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints

FAQs on Global Automated Teller Machine Market

• Which segment is anticipated to hold the largest market share?
• At what CAGR is the market anticipated to grow between 2020 and
• Who are the key players in the global Automated Teller Machine market?
• What could be the challenging factors for the growth of the Automated Teller Machine market?
• What are the growth drivers for the Automated Teller Machine market?