ATM Market to grow at over 9.8% CAGR to reach $26.3bn by 2023: Global Market Insights Inc.

“Reserve banks, Federal Reserve systems, and European Unions are deploying security standards and devices to reduce the number of frauds, due to which global the ATM market size will witness rapid growth.”
“Automated Teller Machine (ATM) Market Size By Solution (Deployment [Onsite, Offsite, Worksite, Mobile], Managed Services), Industry Analysis Report, Regional Trends, Application Potential, Competitive Market Share & Forecast, 2016 – 2023”

ATM, referred as automated teller machine, is an electronic telecommunications equipment which helps customers to perform transactions like cash withdrawal without any requirement of human intervention like bank cashier or clerk. It is used to reduce the burden of monetary transactions on bank staff and save time of both customers and bank staff. This could also help staff of bank to allocate saved time to complete other important monetary transactions.As per latest research reports published by Global Market Insights, ATM Market size was $12.7 billion for 2015 and is projected to generate revenue of more than $26.1 billion by end of 2023 by registering CAGR of 9.9% during forecast period.

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Industry Overview

These days, most of the financial institutions like banks are promoting ATM services in order to save time used for cash withdrawals, deposits & transfers and prevent long bank queues. Furthermore, from customer point of view, these machines minimize customer waiting time and this aspect is expected to boost global ATM market growth.

Rising deployment of these machines, brand consciousness and its use is predicted to favorably affect ATM market trends. Since these machines offer many services with quick and easy access, the global industry has experienced high acceptance among the people across the globe.

However, growing security concerns related to hacking, card scanning for capturing customer information, theft, fraud and server problems cam hinder the global industry growth.

Monetary organizations like banks are outsourcing functions to minimize maintenance and functional costs and this has led to growth & expansion of brown label ATM machines. They help in minimizing cost per bank transaction and offer improved focus on core banking functions. All these factors have fueled the global ATM industry growth.

Asia Pacific ATM market size, by solution, 2012 – 2023 (USD Million)

Asia Pacific ATM market size, by solution, 2012 - 2023 (USD Million)

Solution Trends

Global ATM industry is segmented into deployment solutions and managed services solutions. Deployment solutions are sub-segmented into mobile solutions, onsite solutions, worksite solutions and offsite solutions.

Deployment solutions segment contributed significantly to the global revenue share of ATM market for 2015. Worksite ATM market share is projected to surpass $2.6 billion by end of 2023. They provide quick and improved services to users by enabling flexible money deposits and withdrawals. Increase in proportion of IT firms all across the globe is predicted to provide lucrative growth avenues for the sub-segment.

Mobile segment is projected to record CAGR of 12.9% during forecast timeframe. These kinds of ATMs are installed by banks to reduce customer traffic at high volume bank locations.

Financial institutions like banks can move secondary functions to professional service providers with help of managed services. In this way the segment helps the institutions like banks to focus on their core activities and functions. Outsourcing of managed services also offers advantages like low functional costs & investments, enhanced profits and compliance with regulations.

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Regional Trends

Global ATM market is segmented into various geographical regions like APAC, LATAM, Europe, MEA and North America.

U.S. ATM industry is predicted to drive revenue growth of North American industry by more than $9.1 billion by end of 2023. Factors like fleet growth, substitution of aging equipments by monetary firms and integration abilities like remote assistance, biometrics and video conferencing has promoted revenue growth in the region.

Rising demand for fulfilling the need for fast cash withdrawal of the people in countries like Indonesia, China, Vietnam and India is projected to promote APAC ATM industry growth.

Competitive Trends

Key industry players include Triton Systems, GRG Banking, Diebold Incorporation, Nautilus Hyosung, Wincor Nixdorf, Fujitsu, Hess Cash Systems, Euronet, Hitachi-Omron and NCR.

Smart ATM industry is predicted to acquire significance in future owing to growing need for controlling fraud menace. Today, firms are investing substantially in research & development and product innovation activities to expand their business and increase their global reach.

Browse key industry insights spread across 70 pages with 31 market data tables & 28 figures& charts from the report, “ATM Market Size By Solution (Deployment [Onsite, Offsite, Worksite, Mobile], Managed Services), Industry Analysis Report, Regional Trends, Application Potential, Competitive Market Share & Forecast, 2012 – 2023” in detail along with the table of contents:


ATM market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2012 to 2023, for the following segments:

ATM Market By Solution

  • Deployment
    • Onsite
    • Offsite
    • Worksite
    • Mobile
  • Managed Services

The above information has been provided for the following regions:

  • North America
  • Europe
  • Asia Pacific
  • South Africa
  • MEA


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About Global Market Insights

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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