ATM Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global ATM (Automated Teller Machine) market size reached US$ 22.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 29.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028.
An automated teller machine (ATM) is an electronic banking machine that enables consumers to perform basic transactions using credit or debit cards. It is a specialized computer that manages money and performs functions such as cash withdrawal, cash deposit and fund transfer. An ATM consists of a card reader, keypad, cash dispenser, printer and a display screen through which relevant account balance information is conveyed to the user. As compared to traditional bank tellers, ATMs serve as a quick, convenient and self-serving alternative for a smooth financial transaction.
Growing urbanization and digitalization in both the emerging and developed economies is the primary factor driving the growth of the market. The key features of ATMs, such as 24x7 availability of cash, along with provisions for fund transfer and bill payments, have favored their widespread acceptance across the globe. Additionally, improved security mechanisms such as biometric authentication and One Time Password (OTP) services to prevent fraudulent transactions, coupled with the introduction of Talking ATMs for individuals with special needs, are also augmenting the growth of the market. Furthermore, the thriving tourism industry is another significant factor driving the market. These machines serve as a convenient currency exchange option for international tourists through features such as Dynamic Currency Conversion (DCC). Apart from this, ATMs play a crucial role in reducing the overall workload of bank employees and aid the consumer to skip long queues for cash transfers and deposits. ATMs also reduce the frequency of human error, thus assisting banks in ensuring efficient operations along with seamless experience for the consumer.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global ATM market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on solution, screen size, application and ATM type.
Breakup by Solution:
Deployment Solutions
Onsite ATMs
Offsite ATMs
Work Site ATMs
Mobile ATMs
Managed Services
Breakup by Screen Size:
15“ and Below
Above 15“
Breakup by Application:
Withdrawals
Transfers
Deposits
Breakup by ATM Type:
Conventional/Bank ATMs
Brown Label ATMs
White Label ATMs
Smart ATMs
Cash Dispensers
Breakup by Region:
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Diebold Inc., Wincor Nixdorf AG, NCR Corporation, Triton Systems of Delaware, Hitachi-Omron Terminal Solutions, GRG Banking Equipment Co. Ltd., OKI Electric Industry co. Ltd., Nautilus Hyosung Corporation, HESS Cash Systems GmbH & Co KG, Fujitsu Ltd., Euronet Worldwide, Brink's Company, etc.
Key Questions Answered in This Report:
How has the global ATM market performed so far and how will it perform in the coming years?
What are the key regional markets in the global ATM industry?
What has been the impact of COVID-19 on the global ATM industry?
What is the breakup of the market based on the solution?
What is the breakup of the market based on the screen size?
What is the breakup of the market based on the application?
What is the breakup of the market based on the ATM type?
What are the various stages in the value chain of the global ATM industry?
What are the key driving factors and challenges in the global ATM industry?
What is the structure of the global ATM industry and who are the key players?
What is the degree of competition in the global ATM industry?
The global ATM (Automated Teller Machine) market size reached US$ 22.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 29.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028.
An automated teller machine (ATM) is an electronic banking machine that enables consumers to perform basic transactions using credit or debit cards. It is a specialized computer that manages money and performs functions such as cash withdrawal, cash deposit and fund transfer. An ATM consists of a card reader, keypad, cash dispenser, printer and a display screen through which relevant account balance information is conveyed to the user. As compared to traditional bank tellers, ATMs serve as a quick, convenient and self-serving alternative for a smooth financial transaction.
Growing urbanization and digitalization in both the emerging and developed economies is the primary factor driving the growth of the market. The key features of ATMs, such as 24x7 availability of cash, along with provisions for fund transfer and bill payments, have favored their widespread acceptance across the globe. Additionally, improved security mechanisms such as biometric authentication and One Time Password (OTP) services to prevent fraudulent transactions, coupled with the introduction of Talking ATMs for individuals with special needs, are also augmenting the growth of the market. Furthermore, the thriving tourism industry is another significant factor driving the market. These machines serve as a convenient currency exchange option for international tourists through features such as Dynamic Currency Conversion (DCC). Apart from this, ATMs play a crucial role in reducing the overall workload of bank employees and aid the consumer to skip long queues for cash transfers and deposits. ATMs also reduce the frequency of human error, thus assisting banks in ensuring efficient operations along with seamless experience for the consumer.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global ATM market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on solution, screen size, application and ATM type.
Breakup by Solution:
Deployment Solutions
Onsite ATMs
Offsite ATMs
Work Site ATMs
Mobile ATMs
Managed Services
Breakup by Screen Size:
15“ and Below
Above 15“
Breakup by Application:
Withdrawals
Transfers
Deposits
Breakup by ATM Type:
Conventional/Bank ATMs
Brown Label ATMs
White Label ATMs
Smart ATMs
Cash Dispensers
Breakup by Region:
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Diebold Inc., Wincor Nixdorf AG, NCR Corporation, Triton Systems of Delaware, Hitachi-Omron Terminal Solutions, GRG Banking Equipment Co. Ltd., OKI Electric Industry co. Ltd., Nautilus Hyosung Corporation, HESS Cash Systems GmbH & Co KG, Fujitsu Ltd., Euronet Worldwide, Brink's Company, etc.
Key Questions Answered in This Report:
How has the global ATM market performed so far and how will it perform in the coming years?
What are the key regional markets in the global ATM industry?
What has been the impact of COVID-19 on the global ATM industry?
What is the breakup of the market based on the solution?
What is the breakup of the market based on the screen size?
What is the breakup of the market based on the application?
What is the breakup of the market based on the ATM type?
What are the various stages in the value chain of the global ATM industry?
What are the key driving factors and challenges in the global ATM industry?
What is the structure of the global ATM industry and who are the key players?
What is the degree of competition in the global ATM industry?
1 PREFACE
2 SCOPE AND METHODOLOGY
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1 Overview
4.2 Key Industry Trends
5 GLOBAL ATM MARKET
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Solution
5.5 Market Breakup by Screen Size
5.6 Market Breakup by Application
5.7 Market Breakup by ATM Type
5.8 Market Breakup by Region
5.9 Market Forecast
6 MARKET BREAKUP BY SOLUTION
6.1 Deployment Solutions
6.1.1 Market Trends
6.1.2 Major Types
6.1.2.1 Onsite ATMs
6.1.2.2 Offsite ATMs
6.1.2.3 Work Site ATMs
6.1.2.4 Mobile ATMs
6.1.3 Market Forecast
6.2 Managed Services
6.2.1 Market Trends
6.2.2 Market Forecast
7 MARKET BREAKUP BY SCREEN SIZE
7.1 15“ and Below
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Above 15“
7.2.1 Market Trends
7.2.2 Market Forecast
8 MARKET BREAKUP BY APPLICATION
8.1 Withdrawals
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Transfers
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Deposits
8.3.1 Market Trends
8.3.2 Market Forecast
9 MARKET BREAKUP BY ATM TYPE
9.1 Conventional/Bank ATMs
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Brown Label ATMs
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 White Label ATMs
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Smart ATMs
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Cash Dispensers
9.5.1 Market Trends
9.5.2 Market Forecast
10 MARKET BREAKUP BY REGION
10.1 North America
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Asia Pacific
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Europe
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Middle East and Africa
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Latin America
10.5.1 Market Trends
10.5.2 Market Forecast
11 SWOT ANALYSIS
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 VALUE CHAIN ANALYSIS
13 PORTERS FIVE FORCES ANALYSIS
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 PRICE ANALYSIS
15 COMPETITIVE LANDSCAPE
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Diebold Inc.
15.3.2 Wincor Nixdorf AG
15.3.3 NCR Corporation
15.3.4 Triton Systems of Delaware
15.3.5 Hitachi-Omron Terminal Solutions
15.3.6 GRG Banking Equipment Co. Ltd.
15.3.7 OKI Electric Industry co. Ltd.
15.3.8 Nautilus Hyosung Corporation
15.3.9 HESS Cash Systems GmbH & Co KG
15.3.10 Fujitsu Ltd.
15.3.11 Euronet Worldwide
15.3.12 Brink's Company
2 SCOPE AND METHODOLOGY
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1 Overview
4.2 Key Industry Trends
5 GLOBAL ATM MARKET
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Solution
5.5 Market Breakup by Screen Size
5.6 Market Breakup by Application
5.7 Market Breakup by ATM Type
5.8 Market Breakup by Region
5.9 Market Forecast
6 MARKET BREAKUP BY SOLUTION
6.1 Deployment Solutions
6.1.1 Market Trends
6.1.2 Major Types
6.1.2.1 Onsite ATMs
6.1.2.2 Offsite ATMs
6.1.2.3 Work Site ATMs
6.1.2.4 Mobile ATMs
6.1.3 Market Forecast
6.2 Managed Services
6.2.1 Market Trends
6.2.2 Market Forecast
7 MARKET BREAKUP BY SCREEN SIZE
7.1 15“ and Below
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Above 15“
7.2.1 Market Trends
7.2.2 Market Forecast
8 MARKET BREAKUP BY APPLICATION
8.1 Withdrawals
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Transfers
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Deposits
8.3.1 Market Trends
8.3.2 Market Forecast
9 MARKET BREAKUP BY ATM TYPE
9.1 Conventional/Bank ATMs
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Brown Label ATMs
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 White Label ATMs
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Smart ATMs
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Cash Dispensers
9.5.1 Market Trends
9.5.2 Market Forecast
10 MARKET BREAKUP BY REGION
10.1 North America
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Asia Pacific
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Europe
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Middle East and Africa
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Latin America
10.5.1 Market Trends
10.5.2 Market Forecast
11 SWOT ANALYSIS
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 VALUE CHAIN ANALYSIS
13 PORTERS FIVE FORCES ANALYSIS
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 PRICE ANALYSIS
15 COMPETITIVE LANDSCAPE
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Diebold Inc.
15.3.2 Wincor Nixdorf AG
15.3.3 NCR Corporation
15.3.4 Triton Systems of Delaware
15.3.5 Hitachi-Omron Terminal Solutions
15.3.6 GRG Banking Equipment Co. Ltd.
15.3.7 OKI Electric Industry co. Ltd.
15.3.8 Nautilus Hyosung Corporation
15.3.9 HESS Cash Systems GmbH & Co KG
15.3.10 Fujitsu Ltd.
15.3.11 Euronet Worldwide
15.3.12 Brink's Company
LIST OF TABLES
Table 1: Global: ATM Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: ATM Market Forecast: Breakup by Solution (in Million US$), 2023-2028
Table 3: Global: ATM Market Forecast: Breakup by Screen Size (in Million US$), 2023-2028
Table 4: Global: ATM Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: ATM Market Forecast: Breakup by ATM Type (in Million US$), 2023-2028
Table 6: Global: ATM Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: ATM Market Structure
Table 8: Global: ATM Market: Key Players
Table 1: Global: ATM Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: ATM Market Forecast: Breakup by Solution (in Million US$), 2023-2028
Table 3: Global: ATM Market Forecast: Breakup by Screen Size (in Million US$), 2023-2028
Table 4: Global: ATM Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: ATM Market Forecast: Breakup by ATM Type (in Million US$), 2023-2028
Table 6: Global: ATM Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: ATM Market Structure
Table 8: Global: ATM Market: Key Players
LIST OF FIGURES
Figure 1: Global: ATM Market: Major Drivers and Challenges
Figure 2: Global: ATM Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: ATM Market: Breakup by Solution (in %), 2022
Figure 4: Global: ATM Market: Breakup by Screen Size (in %), 2022
Figure 5: Global: ATM Market: Breakup by Application (in %), 2022
Figure 6: Global: ATM Market: Breakup by ATM Type (in %), 2022
Figure 7: Global: ATM Market: Breakup by Region (in %), 2022
Figure 8: Global: ATM Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: ATM Industry: SWOT Analysis
Figure 10: Global: ATM Industry: Value Chain Analysis
Figure 11: Global: ATM Industry: Porter’s Five Forces Analysis
Figure 12: Global: ATM (Deployment Solutions) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: ATM (Deployment Solutions) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: ATM (Managed Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: ATM (Managed Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: ATM (15“ and Below) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: ATM (15“ and Below) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: ATM (Above 15“) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: ATM (Above 15“) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: ATM (Withdrawals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: ATM (Withdrawals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: ATM (Transfers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: ATM (Transfers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: ATM (Deposits) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: ATM (Deposits) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: ATM (Conventional/Bank ATMs) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: ATM (Conventional/Bank ATMs) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: ATM (Brown Label ATMs) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: ATM (Brown Label ATMs) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: ATM (White Label ATMs) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: ATM (White Label ATMs) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: ATM (Smart ATMs) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: ATM (Smart ATMs) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: ATM (Cash Dispensers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: ATM (Cash Dispensers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: North America: ATM Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: North America: ATM Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Asia Pacific: ATM Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Asia Pacific: ATM Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Europe: ATM Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Europe: ATM Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Middle East and Africa: ATM Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Middle East and Africa: ATM Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Latin America: ATM Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Latin America: ATM Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 1: Global: ATM Market: Major Drivers and Challenges
Figure 2: Global: ATM Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: ATM Market: Breakup by Solution (in %), 2022
Figure 4: Global: ATM Market: Breakup by Screen Size (in %), 2022
Figure 5: Global: ATM Market: Breakup by Application (in %), 2022
Figure 6: Global: ATM Market: Breakup by ATM Type (in %), 2022
Figure 7: Global: ATM Market: Breakup by Region (in %), 2022
Figure 8: Global: ATM Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: ATM Industry: SWOT Analysis
Figure 10: Global: ATM Industry: Value Chain Analysis
Figure 11: Global: ATM Industry: Porter’s Five Forces Analysis
Figure 12: Global: ATM (Deployment Solutions) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: ATM (Deployment Solutions) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: ATM (Managed Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: ATM (Managed Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: ATM (15“ and Below) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: ATM (15“ and Below) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: ATM (Above 15“) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: ATM (Above 15“) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: ATM (Withdrawals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: ATM (Withdrawals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: ATM (Transfers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: ATM (Transfers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: ATM (Deposits) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: ATM (Deposits) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: ATM (Conventional/Bank ATMs) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: ATM (Conventional/Bank ATMs) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: ATM (Brown Label ATMs) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: ATM (Brown Label ATMs) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: ATM (White Label ATMs) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: ATM (White Label ATMs) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: ATM (Smart ATMs) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: ATM (Smart ATMs) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: ATM (Cash Dispensers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: ATM (Cash Dispensers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: North America: ATM Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: North America: ATM Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Asia Pacific: ATM Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Asia Pacific: ATM Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Europe: ATM Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Europe: ATM Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Middle East and Africa: ATM Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Middle East and Africa: ATM Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Latin America: ATM Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Latin America: ATM Market Forecast: Sales Value (in Million US$), 2023-2028
