Global ATM Market Forecast Report, 2019-2027 - Expected Boom in Video Banking Technology in the Coming Years Spells Market Opportunity - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 25, 2019--
The “ATM Market to 2027 - Global Analysis and Forecasts by Deployment; Type” report has been added to ResearchAndMarkets.com’s offering.
The global ATM market accounted for US$ 18.44 Bn in 2018 and is expected to grow at a CAGR of 10.4% over the forecast period 2019-2027, to account for US$ 44.18 Mn by 2027.
During the forecast period of 2019 to 2027, the availability of integrated and enhanced services at ATM devices enable the financial institutions for enhancing the customer experience and improve a bank’s revenue thereby further driving the ATM market growth.
The global ATM market is experiencing rapid growth with regards to investments and technological integrations in the product and their adoptions. The latest and advanced technologies have paved the way for drastic transformations in the ATM service arena, with the machines transforming from being a simple cash dispensing machine to a more personalized facility offering the best banking user-experience.
The richer communication channel infrastructure today has enabled financial institutions achieve high operational efficiencies, building customer loyalties, and further encouraged integration of value added services. Companies operating in the ATM market today have focused on enhancing the customer experience and increasing the customer convenience which has been a major factor contributing to the rapid growth of ATM market.
In North America the retail financial service sector is experiencing acute transformation owing to several underlying meta-trends that are intensely affecting the branch. Many of the bank branches in the country finding it difficult and unprofitable to operate. The ATM channel has continued to play an extremely vital role in the retail banking industry throughout last few years as a part of wider digital transformation initiatives.
Further, it is anticipated that most of the advanced countries of the world are focusing on integrating the ATMs with modern day analytics tools as well as technologies to be able to connect and process customer information more efficiently. The data obtained from this touch point could be extracted and can be used for various marketing purposes.
The market for ATM has been segmented on the basis of deployment, type and geography. The deployment segment is segmented on basis of Brown Label ATM, White Label ATM, and Bank Owned ATM. The Bank Owned ATM is further bifurcated into on-site and off-site. The type segment in ATM market is broken down as cash deposit, cash dispenser, smart ATM, and others. Geographically, the ATM market is classified based on North America, Europe, Asia Pacific, Middle East, and Africa, and South America.
The major companies operating in the market include CMS Info systems Limited, Diebold Nicdorf, Incorporated, Euronet Worldwide, Inc., Fujitsu Limited, GRG Banking Equipment Co. Ltd., Guangzhou KingTeller Technology Co., Ltd., HESS Cash Systems GmbH & Co, Hitachi-Omron Terminal Solutions, Corp., NCR Corporation, and Triton Systems among others.
Reasons to Buy
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the ATM market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to deployment and type.
Key Topics Covered
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Global ATM Market - By Deployment
1.3.2 Global ATM Market - By Type
1.3.3 Global ATM Market - By Geography
2. Key Takeaways
3. Research Methodology
3.2 Secondary Research
3.3 Primary Research
4. ATM Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe - PEST Analysis
4.2.3 Asia Pacific PEST Analysis
4.2.4 Middle East & Africa PEST Analysis
4.2.5 South America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. ATM Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Deployment of new technologies in ATMs
5.1.2 Growing Interest in Cardless ATM Transactions
5.2 Key Market Restraints
5.2.1 Rise in Mobile Payment Apps
5.3 Key Market Opportunities
5.3.1 Expected Boom in Video Banking Technology in Coming Years
5.4 Future Trend
5.4.1 AI Technology - Fast Growing Trend among ATM Providers
5.5 Impact Analysis of Drivers and Restraints
6. ATM Market - Global Market Analysis
6.2 Global ATM Market Forecast and Analysis
6.3 Market Positioning - Five Key Players
7. ATM Market - By Deployment
7.2 ATM Market Breakdown, by Deployment, 2018 & 2027
7.3 Brown Label ATM
7.4 White Label ATM
7.5 Bank-Owned ATM
8. ATM Market - By Type
8.2 ATM Market Breakdown, By Type, 2018 & 2027
8.3 Cash Deposit
8.4 Cash Dispenser
8.5 Smart ATM
9. Global ATM Market - Geographic Analysis
9.2 North America ATM Market Revenue and Forecast To 2027
9.3 Europe ATM Market Revenue and Forecast To 2027
9.4 APAC ATM Market Revenue and Forecast To 2027
9.5 MEA ATM Market Revenue and Forecast To 2027
9.6 SAM ATM Market Revenue and Forecast To 2027
10. ATM market - Industry Landscape
10.2 Market Initiative
10.3 Merger & Acquisition
10.4 New Product Development
11. Company Profiles
11.1 CMS Infosystem
11.2 Diebold Nixdorf Incorporated
11.3 Euronet Worldwide Inc.
11.4 GRG Banking Equipment Co. Ltd.
11.5 Guangzhou KingTeller Technology Co. Ltd.
11.6 Hitachi-Omron Terminal Solutions Corp.
11.7 NCR Corporation
11.8 Triton Systems
11.9 HESS Cash Systems GmbH & Co.
11.10 Fujitsu Limited
For more information about this report visit https://www.researchandmarkets.com/r/cfmsrh
View source version on businesswire.com:https://www.businesswire.com/news/home/20191125005553/en/
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INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES
SOURCE: Research and Markets
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PUB: 11/25/2019 10:21 AM/DISC: 11/25/2019 10:21 AM