ATM Market Analysis, Overview and Forecasts, 2016 to 2024

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ATM Market Share, Size, Analysis, Regional
Outlook, Growth, Trends and Forecasts to 2024
Hexa Research
The worldwide ATM Market (Automated Teller
Machine Market) is projected to garner over USD
26 billion by 2024, growing at around 9.8 CAGR
in the forecast period (2016-2024)
The ATM Market (Automated Teller Machines Market)
is estimated over USD 26 billion by 2024, growing
at nearly 10 CAGR during the forecast period
(2016-2024). It was valued about USD 12.5 billion
in 2015. Technological breakthroughs and improved
safety amid rising wireless devices will drive
the ATM market in the next eight years. This can
result in lessened frauds and safe consumer
financial transactions.
ATMs find active encouragement from banks and
other financial institutions. They help reduce
bank queues. These machines benefit customers by
assisting them make cash withdrawals, transfers,
and deposits. They are adopted widely since they
provide a multitude of options for fiscal
transactions.
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Online cash transfers and other transaction modes
hinder the ATM market. Introduction of solar
smart ATMs across India and China is expected to
provide industry opportunities. Rising
competition among banks to expand their customer
base should give the market a fillip.
The ATM industry, divided on the basis of
solutions, includes managed services and
deployment. Deployment has enabled customers to
avail banking services 24/7. It accounted for 70
revenues in 2014. This was attributed to growing
IT companies worldwide. Worksite, offsite,
onsite, and mobile ATMs constitute deployment
solutions. Worksite is expected to generate over
USD 2.6 billion by 2024.
Onsite machines are installed within bank
premises. They reduce staff-pressure and
error-probability. These factors would drive
sub-segment demand in the near future. Mobile
ATMs decrease customers at trade fairs and sports
events. They may grow at a CAGR close to 13 till
2024. These machines give banks the chance to
lessen the traffic at populated places and extend
their reach.
Managed services allow banks to move their
non-core activities to trained service providers
concentrate on their core business. They are
involved in retaining customers offering
cross-selling opportunities. Managed services
will grow at a CAGR above 11 from 2016 to 2024.
Their outsourcing can bring good returns,
complying with regulatory policies. Firms such as
Diebold Inc. and Wincor Nixdorf AG provide such
services at low costs.
In view of regions, the ATM market consists of
North America, Asia Pacific, Europe, and the MEA
(the Middle East Africa). North America
dominated in 2014 but will face a decline till
2022. Its trend of trading in digital currency
has encouraged the adoption of Bitcoin ATMs in
the region. The U.S. is the best market (in terms
of performance), bound at over USD 9 billion by
2024. Its integration of biometrics, remote
assistance, video conferencing can drive
regional sales. U.S. banks have implemented
Europay/Visa/MasterCard IC encryption to ensure
added security.
Europe is predicted to experience a similar trend
on account of saturation and rising operational
costs. Asia Pacific will grow at a CAGR above 12
during the forecast period due to its
self-service machines and ever-increasing
customer base.
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Increased IT dependence has led players of the
global market to create devices with
multiplatform compatibility. Notable players are
GRG Banking, Nautilus Hyosung, Euronet Worldwide,
and NCR Corporation. Mergers and acquisitions are
one of the strategies adopted by companies to
maintain industry hold. For instance, Euronet
acquired Pure Commerce in 2013 to broaden its
global reach.
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Table of Content of ATM Market
1. Methodology Scope 1.1 Research
Methodology 1.1 Initial Data Exploration
1.2 Statistical Modeling and Forecast 1.3
Industry Insights and Validation 1.2 Research
Scope Assumptions 1.3 List of Data Sources
2. Executive Summary
2.1 Industry Summary of ATM Market
3. Industry Outlook
3.1 ATM Market Segmentation 3.2 ATM Market Size
and Growth Prospects 3.3 ATM Market Dynamics
3.4 Key Opportunities Prioritized 3.5 Industry
Analysis - Porter's 3.6 Market Share Analysis
3.7 Market PESTEL Analysis, 2016
4. Application Framework
4.1 ATM Market share by application, 2016 2024
5. Regional Outlook 5.1 North America
5.2 Europe
5.3 Asia Pacific
5.4 Latin America
5.5 MEA (Middle East and Africa) 5.6 RoW (Rest of
the World)
6. Competitive Landscape 6.1 GRG Banking
6.1.1 Company Overview
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6.1.2 Revenue Analysis 6.1.3 Product
Benchmarking 6.1.4 Strategic Initiatives 6.2
Nautilus Hyosung
6.2.1 Company Overview 6.2.2 Revenue
Analysis 6.2.3 Product Benchmarking 6.2.4
Strategic Initiatives 6.3 Euronet Worldwide 6.3.1
Company Overview 6.3.2 Revenue Analysis 6.3.3
Product Benchmarking 6.3.4 Strategic
Initiatives 6.4 NCR Corporation
6.4.1 Company Overview 6.4.2 Revenue
Analysis 6.4.3 Product Benchmarking 6.4.4
Strategic Initiatives
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