Global ATM Market Report 2021-2028: Evolution of digital payment solutions such as Bitcoin and mobile banking will restrain market growth in the long term
DUBLIN, November 25, 2021– (COMMERCIAL THREAD)–The “Global ATM Market Size, Share and Trend Analysis Report by Solution (Deployment, Managed Service), Region and Segment Forecast, 2021-2028” the report was added to ResearchAndMarkets.com offer.
The global ATM market size is expected to reach USD 29.89 billion by 2028 and is expected to register a compound annual growth rate (CAGR) of 4.9% from 2021 to 2028.
An automated teller machine (ATM) is a specialized computer that acts as a digital banking point of sale allowing customers to perform basic banking transactions using debit and credit cards. An ATM typically includes a keypad, ATM, printer, card reader, and display screen to guide the user through each step of the transaction.
Some ATMs handle money and act only as ATMs, while others perform various tasks such as transferring funds, depositing checks and cash, and paying bills.
These machines also allow users to change card passwords and view their bank account balances. The growing demand for automated systems in developing countries is expected to positively influence ATM’s global installed base during the forecast period. However, the market is expected to run out of steam due to a significant increase in the adoption of mobile and internet banking applications.
The growing demand for automation in the banking industry in several developed and emerging countries is expected to fuel the demand for ATMs in the near future. The increased adoption of advanced technologies and digital infrastructure in the banking industry coupled with the growing demand for fast user cash withdrawal is a major factor that is expected to drive the market growth.
The increasing deployment of ATMs in organizations and financial institutions in developing economies is also expected to drive demand for ATMs during the forecast period.
On-site ATMs are deployed at the bank’s premises to help customers avoid long lines for cash deposits, withdrawals and cash transfers. The evolution of banking infrastructure and the increasing number of on-premise ATMs to improve customer satisfaction are also expected to provide growth opportunities for the growth of the market.
Asia-Pacific accounted for the largest share of the market in 2020. The radical economic and industrial development observed in recent years has attracted several global banks to developing economies such as India, China, South Korea and Taiwan. . This has helped drive the growth of the regional market.
The ATM market is expected to experience a boost after the end of the COVID-19 pandemic. The introduction of smart ATMs in developing countries such as India, China, and Japan is expected to increase the growth opportunities for the market. In addition, cash remains the first choice for customers to make payments due to the convenience it entails.
The evolution of digital payment solutions such as bitcoin transactions and mobile banking will hamper market growth in the long run.
Highlights Of The Automated Teller Machines Market Report
In terms of solution, the deployment segment dominated the market in 2020. The segment accounted for over 50% of the entire industry in 2020
The thriving tourism industry plays a vital role in helping the market to grow. ATMs allow foreign tourists to easily exchange currencies with the dynamic currency conversion feature
In terms of region, the Asia-Pacific market is expected to evolve rapidly with the rapidly developing Chinese and Indian economies spearheading the growth of the market.
Main topics covered:
Chapter 1. Methodology and scope
Chapter 2. Executive summary
2.1. Market summary
Chapter 3. Variables, Trends and Scope of Automatic Teller Machines Market
3.1. Market segmentation
3.2. Market size and growth prospects
3.3. Global ATM market dynamics
3.3.1. Market driver analysis
3.3.2. Analysis of market constraints
3.3.3. Analysis of market opportunities
3.4. Industry value chain analysis
3.5. Mapping of penetration and growth prospects
3.6. Ranking analysis of key companies in the ATM market, 2020
3.7. Market analysis tools
3.7.1. Analysis of the ATM industry – Porter’s
3.7.2. Analysis of ATM industry – PEST analysis
3.8. Impact of COVID-19 on the ATM market
Chapter 4. ATM market: solution outlook
4.1. Market Size Estimates & Forecasts & Trend Analysis, 2018 – 2028 (Revenue, USD Million)
4.2.1. Market estimates and forecasts by region, 2018 – 2028 (Revenue, USD Million)
4.2.2. Vending machine on site
4.2.3. Market estimates and forecasts by region, 2018 – 2028 (Revenue, USD Million)
4.2.4. Offsite vending machine
4.2.5. Market estimates and forecasts by region, 2018 – 2028 (Revenue, USD Million)
4.2.6. Worksite automatic teller machine
4.2.7. Market estimates and forecasts by region, 2018 – 2028 (Revenue, USD Million)
4.2.8. Mobile ATM
4.2.9. Market estimates and forecasts by region, 2018 – 2028 (Revenue, USD Million)
4.3. Managed service
4.3.1. Market estimates and forecasts by region, 2018 – 2028 (Revenue, USD Million)
Chapter 5. Automated Teller Machines Market: Regional Outlook
5.1. ATM market, by region, 2020 and 2028
Chapter 6. Competitive landscape
6.1. Company presentation
6.2. Financial performance
6.3. Comparative analysis of products
6.4. Recent developments
Cashway Fintech Co., Ltd.
Euronet in the world
Guangzhou King Teller Technology Co., Ltd.
Hitachi-Omron Terminals Solutions Corporation
Paycorp Group (Pty) Ltd
Source Technologies (APCT Holdings, LLC)
Delaware Triton Systems LLC
For more information on this report, visit https://www.researchandmarkets.com/r/p7ynrf
See the source version on businesswire.com: https://www.businesswire.com/news/home/20211125005930/en/
Laura Wood, Senior Press Director
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