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Global ATM market expected to approach $22B by 2020
The global ATM market will expand at a compound annual growth rate of 7.6 percent between 2014 and 2020, a new study reports.
December 15, 2014
A new report by Allied Market Research predicts that the global ATM market will expand at a compound annual growth rate of 7.6 percent between 2014 and 2020, to a total of $21.9 billion, according to a press release.
The report, "Global ATM Market — Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013-2020," correlates the integration of wireless communicating devices (i.e., smart phones) with ATMs globally as a growth driver, according to the report.
Diverse services and offerings in financial transactions also are major drivers for the global ATM market, the study's authors said.
Deployment of ATMs onsite, offsite, and at the worksite, as well as the accessibility to mobile ATMs has facilitated 24/7 availability of banking services to customers and created an avenue for promotional activities to the banks concerned, the report said.
Additionally, "brown label" (i.e., cobranded) ATMs have allowed banks to focus on their core business and reduce the operational cost of the ATM channel.
The introduction of white label ATMs in developing countries will propel the ATM markets in the years ahead, the study predicted. And this widespread installation of ATMs around the globe will create a need for managed services from vendors.
Key findings of the study:
- the global market for ATM deployment solutions is gaining momentum with offsite ATMs to provide major growth during the forecast period (2014–2020);
- the white label ATM market will grow at a CAGR of 11.3 percent during the forecast period;
- smart ATMs will be an area of interest, and this technology is expected to grow at the fastest pace;
- Asia-Pacific represents the most lucrative market, both in terms of deployment and revenue; and
- emerging markets will contribute significantly toward the growth of the global ATM market by 2020.
Companies profiled in the report include: Diebold Inc.; Euronet Worldwide Inc.; Fujitsu; GRG Banking; Hess Cash Systems GmbH and Co.; Hitachi Omron Terminal Solutions; Nautilus Hyosung; NCR Corp.; Triton Systems of Delaware LLC; and Wincor Nixdorf.
Included In This Story
Hyosung Americas
Hyosung Americas is a global human experience maker that bridges the physical and virtual worlds. We do this by harnessing our unique combination of a manufacturer’s soul with an innovator’s mindset to build a platform of integrated products, services, and ideas that improve life’s day-to-day interactions for everyone.
Triton Systems
Triton FI based products • NO Windows 10™ Upgrade • Secured locked down system that is virus/malware resistant • Flexible configurations - Drive-up and Walk-up • Triton's high security standards • NFC, anti-skim card reader, IP camera and level 1 vaults are all options • Triton Connect monitoring • Lower cost
Diebold Nixdorf
As a global technology leader and innovative services provider, Diebold Nixdorf delivers the solutions that enable financial institutions to improve efficiencies, protect assets and better serve consumers.
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