Automated Teller Machine (ATM) Market: Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2020 - 2024
Category: #Technology  By Ronak Bora  Date: 2021-03-22
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Automated Teller Machine (ATM) Market: Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2020 - 2024

Automated Teller Machine (ATM) Market is slated to register a lucrative growth graph over the coming years with industry bigshots focusing on integration of advanced technologies to enhance customer service. The partnership signed by Payment Alliance International with Sionic Mobile on December 2016 in order to deploy beacon technology is indeed a breakthrough. Such technological innovations are further indicative of a rich product landscape ahead. Deployment of high-end features such as video banking and touchscreens which aid faster and convenient transaction is a prominent factor characterizing Automated Teller Machine (ATM) Market trends.

Banks are heavily investing on advanced technologies to ensure payment security, due to which automated teller machine (ATM) share is likely to witness substantial growth prospects over the ensuing years. An instance validating the same is the implementation of iris biometric technology for Qatar National Bank ATMs back in 2016. The introduction of wireless technology across industries has also enabled Automated Teller Machine (ATM) Market to penetrate rural areas where connectivity and power supply are considered major concerns.

Benefits such as quick cash flow, transactional benefits, and easy withdrawals will potentially fuel global automated teller machine (ATM) market outlook. Not to mention, with the trend of replacing aging ATMs gaining global traction, automated teller machine (ATM)  demand is further anticipated to intensify at an appreciable pace. Simple cash dispensers are getting upgraded to multifunctional machines with the ability to perform functionalities like bill payment, mini-statements, fund transfer, etc.,

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A large number of organizations are inclining towards offsite deployment of ATMs due to the remarkable degree of convenience offered to users. The deployment model is anticipated to garner momentous growth over the predicted timeline. These machines manage to reach a large pool of customers, as they can easily be found in commercial places like shopping malls, entertainment centers and multiplexes.

Surging federal initiatives to expand the network of ATMs across China, primarily to broaden the coverage of financial services, could accelerate the China Automated Teller Machine (ATM) Market size during the forecast timeframe. The Chinese government plans to increase the availability of cash machines across the nation instead of building bank branches to reduce operational costs.

Moreover, increasing number of ventures across the financial sector could enhance the regional business outlook. Highlighting an instance, DCITS along with OKI established a joint venture with Diebold and Inspur Software to expand into the Chinese Automated Teller Machine (ATM).

List of the Key Companies that are Operating in the Automated Teller Machine (ATM) Market. They are as follows:

DST Robot, Engineered Arts, Hajime Research Institute, Hanson Robotics, Honda, Kawada, Qihan Technology, Robotis, Softbank Robotics, Toshiba, Trossen Robotics, Ubtech Robotics Inc., Willow Garage

Companies operating in the ATM industry are focusing on investing in new and advanced technologies to enhance the functionality of their machines. Taking September 2020 for instance, the State Bank of India (SBI) introduced a new feature in their ATM machines to ensure maximum customer safety.

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Table Of Content:

Chapter 4    Automated Teller Machine (ATM) Market, By Solution

4.1    Automated Teller Machine (ATM) Market share by solution, 2016 & 2024

4.2    Deployment

4.2.1   Market estimates and forecast, 2013 - 2024

4.2.2   Market estimates and forecast, by region, 2013 - 2024

4.2.3   Onsite (Bank-owned)

4.2.3.1    Market estimates and forecast, 2013 - 2024

4.2.3.2    Market estimates and forecast, by region, 2013 - 2024

4.2.4   Offsite

4.2.4.1    Market estimates and forecast, 2013 - 2024

4.2.4.2    Market estimates and forecast, by region, 2013 - 2024

4.2.5   Worksite

4.2.5.1    Market estimates and forecast, 2013 - 2024

4.2.5.2    Market estimates and forecast, by region, 2013 - 2024

4.2.6   Mobile

4.2.6.1    Market estimates and forecast, 2013 - 2024

4.2.6.2    Market estimates and forecast, by region, 2013 - 2024

4.3    Managed Services

4.3.1   Market estimates and forecast, 2013 - 2024

4.3.2   Market estimates and forecast, by region, 2013 - 2024

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About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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