In 2018, the global ATM market was US$ 18,44 billion and is expected to rise to US$ 44,18 million by 2027 with a 10,4 percent increase at CAGR over the 2019-2027 forecast period. The introduction of optimized and upgraded services on ATM systems helps financial institutions to increase their customer experience and thus enhance their revenues in order to further fuel ATM market growth during the forecast period from 2019 to 2027.
In terms of investment and technological integration in the product and adoption, the global market for ATM experiences rapid growth. Moving on from a single cash-dispenser to a better configuration facility, the latest technology has opened up the way for revolutionary changes in the ATM service area. The equipment offers the best banking experience.
Today’s wealthy communication channel infrastructure has allowed financial institutions to achieve high operational efficiency, to create customer loyalties and to further promote value-added services integration.
In North America, the retail financial services sector undergoes acute transformations, owing to a number of underlying transformations that are having an intense effect on the branch.
The ATM network has been an extremely important part of the digital transformation efforts in the retail banking industry over recent years, Therefore, most advanced countries around the globe are expected to focus on combining ATMs with new analytical tools and technologies in order to more effectively communicate and process customer information.
Deployment, size, and geography have divided the demand for ATM. The deployment section is segmented based on Brown Label ATM, White Label ATM, and Bank-Owned ATM.
CMS Info systems Limited, Diebold Nicdorf, Incorporated, Euronet Worldwide, Inc., Fujitsu Limited, GR GmbH Banking Equipment Co. are the leading companies operating on the market. Ltd., Hitachi-Omron Terminal Solutions Corp., NCR Corporation and Triton Systems among others, Guangzhou KingTeller Technology Co., Ltd.
The overall size of the ATM market has been calculated both mainly and secondarily. Extensive secondary studies using internal and external sources were conducted in order to obtain qualitative and quantifiable data on the global ATM market.
It also provides an overview and a forecast of the ATM market based on the entire segmentation available for the global field. Primary interviews with industry stakeholders and analysts have also been carried out in order to validate information and assessments.