The
global ATM market is expected to reach USD 24.92 billion
by 2022, according to a new study by Grand View Research, Inc. Rising demand
for automated wireless communication devices along with growing security
standards are estimated to drive the industry.
Enhanced
security standards for safer online, and physical financial transactions has
led to a significant rise in use of these services. Further, continuation of
strict security standards and safer modes of financial transactions are
expected to have a substantial impact on the industry growth.
 |
| Europe ATM market by solution, 2012 - 2022 (USD Million) |
Automation
of the basic financial transactions and technological advancements increasing
at alarming rate would increase mobile transcations among the customers.
Linkage of ATMs with wiireless devices would facilitate the customers to
complete the transcations securely.
Rising
competition amongst the banks to increase the penetration, would lead to its
huge installation base, thus offering lucrative growth opportunities for the
industry. In order to reduce the frauds, manufacturers and financial
institutions are opting for anti-skimming, biometric devices, and voice
recognition systems.
Further
key findings from the study suggest:
- ATM deployment solutions industry accounted for
over 70% of the overall revenue in 2014. They comprise installed machines
at varied locations such as worksite, onsite, offsite and mobile segment.
The deployment revenue comprises of installed machines and services as well
as its maintenance. Rise in installation base and increasing maintenance
activities are estimated to drive segment growth.
- ATM managed services market is estimated to
exhibit considerable growth, growing at a CAGR of over 11.0% from 2015 to
2022. It contributes significantly towards strengthening the
infrastructure for multichannel delivery for better customer retention,
acquisition and cross selling opportunities.
- North America ATM market dominated in terms of
revenue in 2014, and is expected to significantly lose share by 2022.
Adoption of smart machines across countries such as U.S. is estimated to
impel growth across this region. Increasing trend of trading in digital
currency is driving demand for Bitcoin ATMs across the region.
- Asia Pacific ATM industry is expected to grow
at a substantial growth rate of over 12% from 2015 to 2022. Rising demand
for self-service machines and ever increasing customer base across regions
such as China and India are estimated to drive the regional demand over
the next seven years. Additionally, increasing trend of outsourcing its
related activities by financial institutions is projected to positively
impact growth across this region.
- ATM market share is occupied by companies such
as NCR Corporation, Diebold Inc, Wincor Nixdorf, Euronet Worldwide and
Nautilus Hyosung. Product innovations and strategic partnerships with the
manufacturers are some of the notable strategies adopted by the vendors.
For instance, In October 2014, Diebold launched a new 5500 series of with
advanced security features such as biometric finger-vein readers and
security camera provisioning.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/digital-media
Grand View Research has segmented the ATM market on the basis of solution
and region:
ATM
Solution Outlook (Revenue, USD Million, 2012 - 2022)
- Managed
Services
- Deployment
- Onsite
- Offsite
- Worksite
- Mobile
ATM
Regional Outlook (Revenue, USD Million, 2012 - 2022)
- North
America
- Europe
- Asia
Pacific
- RoW
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-atm-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company, registered
in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
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