Global ATM (Automated Teller Machine) Industry
ATMs are called Automated Teller Machines and are devices that help people carry out different financial transactions like depositing money, withdrawing cash and getting instant account information. These devices were first introduced during the 1960s and it quickly became very popular in places like the United Kingdom and the United States of America. Based on a study by the ATM Industry Association, there were about 3.5 million ATMs in the world in the year 2015. The number has only increased as of date. Getting instant money from the account has become easy after the popularity of ATMs. Customers no longer have to stand in queues in the bank and withdraw their money.
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This report analyzes the global ATM (automated teller machine) market and determines its market size, volume, value, and CAGR at present and in the coming years. This report takes into account the data between the years 2017 and 2025 for its analysis. The estimated year is 2018 here and the forecasted period is from 2018 to 2025. According to this analysis, the global ATM (automated teller machine) market was valued at USD 13700 million in the year 2017. This is projected to increase to USD 26400 million by 2025. The report also estimates that the market will grow between these periods with a CAGR of 9.8%.
There are five companies considered as key players by this report. GRG Banking, Nautilus Hyosung, Euronet Worldwide, NCR, and Diebold are all discussed in detail in the study and their potential growth rate, their revenue generated and their scope of expansion are all few features that are explained. This report also talks about the market competitive landscape and the growth strategies for all these companies for the future.
There are two models of ATM machine installation done – on site and off site. The growth, demand, and production of both these models are investigated in the report and results are published. Depending on the major applications, the report concentrates on usage options like withdrawals, transfers, and deposits. The growth rate for these applications during the forecasted period is analyzed too.
The United States of America, Europe, Japan, Taiwan, China, and Taiwan are the major regions that are included in this report for its analysis. The production and consumption numbers for these regions and the value and volume of products created and used are looked up at. Both the opportunities and risks in entering this market in every given region is specified in the report and high growth segments are identified too.
The Reserve Bank of India, in its annual report of 2018-19 stated that banks may soon get into partnership with White Label ATM operators and offer the benefits of ‘on us’ transactions to the White Label operators themselves. These benefits include the transactional fees when both the ATM and the cardholder belong to the same bank.
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