The global demand for ATM Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX Units in 2021 and foreseen to touch XX Units by 2028 with a CAGR of XX% during 2021-2027.
ATM stands for automated teller machine. The machine was invented by John Shepherd-Barron in the year of 1960. It is an electronic device that allows a bank account holder to deposit, withdraw or transfer funds by using a special card with a magnetic strip. The magnetic strip contains an identification code that is transmitted to the bank's central computer by modem. The account holder or user inserts or swipes the card into the ATMs to access the account and process account transactions. ATMs come in two types: the basic one allows the customer to only draw cash and receive a report of the account balance. Another one is that accepts the deposit, provides credit card payment facilities, and reports account information.
ATM has proven to be the most efficient payment system. It has decreased the need to wait in line and helped many people perform their transactions in a fraction of the time. These machines are capable of handling more transactions per unit of time. Additionally, it offers a standalone feature of 24*7 availability transactional services across multiple locations. Due to these features and many more advantages, the ATM has replaced both the teller and the cheque payment system. However, a decrease in cash payments and the emergence of major fraudulent acts and security threats have limited the use of ATMs. The increase in fraud activities has raised the question on its use as a secure means of payment.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of ATM.
The entire ATM market has been sub-categorized into type and solution. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Onsite ATMs
- Offsite ATMs
- Work site ATMs
- Mobile ATMs
- Managed Services
- Conventional/Bank ATMs
- Brown Label ATMs
- White Label ATMs
- Smart ATMs
- Cash Dispensers
This section covers regional segmentation which accentuates on current and future demand for ATM market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global ATM Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the ATM market include CMS Info systems Limited, Diebold Nicdorf Incorporated, Euronet Worldwide, Inc., Fujitsu Limited, GRG Banking Equipment Co. Ltd. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.