Global ATM Machine Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global ATM machine market in its upcoming report titled, “Global ATM Machine Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global ATM machine market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global ATM machine market report has been segmented on the basis of solution, type, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

ATM is a computerized electronic machine that performs basic banking functions (such as handling check deposits or issuing cash withdrawals) — also referred to as automated teller machine. It is widely used to help customers conduct various financial transactions with ease. It acts as a point source, which is available 24*7 for transactional services that are provided by banks, across multiple locations. ATM machines are used for cash withdrawals, deposits, fund transfer, obtaining bank statements at any time without the help of any bank staff.

Technological advancements in banking infrastructure coupled with rising demand for easy and quick cash withdrawals by users are major factors driving growth of the global ATM machine market. In addition, increasing deployment of ATM machines by several financial institutions in developed and developing economies is another major factor expected to boost growth of the global ATM machine market over the forecast period.

However, increasing number of fraudulent transactions coupled with transactional issues of ATM machines, especially in developing economies wherein Internet connection is not stable, are major factors restraining growth of the global ATM machine market. Additionally, problems with cash dispensing causes loss to banks and financial institutions, which is another major factor expected to hamper growth of the global ATM machine market over the forecast period.

Currently, the market in North America accounts for highest share in the global ATM machine market in revenue terms, owing to high adoption of advanced technologies in various end use industries and growing demand for advanced interactive machines in financial and related institutions in the region. The market in Europe accounted for second-highest revenue share in the global ATM machine market, due to high preference by individuals for ATM machines for various financial transactions, followed by markets in Asia Pacific, Latin America, and Middle East & Africa respectively. The market in Asia Pacific is projected to witness fastest growth in terms of revenue, owing to increasing number of ATM machine deployments in the region. Moreover, the markets in Latin America and Middle East & Africa are expected to witness moderate growth over the forecast period. Also, revenue from the market in Middle East & Africa is projected to register a CAGR of X.X% over the forecast period.

Global ATM machine market segmentation:

By type:

• Conventional/Bank ATMs
• Brown label ATMs
• White label ATMs
• Smart ATMs
• Cash dispensers

By solution:

• Deployment solutions
  • Onsite ATMs
  • Offsite ATMs
  • Work site ATMs
  • Mobile ATMs
• Managed services

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa