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Global ATM Services Market to Grow at a CAGR of 7.9% over the Forecast Period of 2021-2026.

According to a new report by EMR titled, ‘Global ATM Services Market Report and Forecast 2021-2026’, the global ATM services market stood at a value of around USD 20.9 billion in 2020. The industry is further expected to witness a CAGR of 7.9% in the forecast period of 2021-2026 to attain a value of USD 30 billion by 2026.

The Asia Pacific is the leading market in the global ATM services market driven by the emerging economies within the region. Till 2021, the region is expected to witness the fastest growth rate, accounting for about 10.6% of the market. In the emerging economies, such as China and India, the increased deployment of ATMs due to the growing adoption of technology is resulting in the rapid growth of the market. On the other hand, in the mature markets such as the US and Europe, the high growth of self-service ATMs is driving the growth of the industry in the region.

The various options like cash deposit, cash withdrawal, internet banking, and others are attracting consumers to use ATM service due to its time-efficient and convenient nature. In January 2017, Cardtronics plc (Nasdaq: CATM), a key player in the industry, completed its previously announced acquisition of DirectCash Payments Inc., a leading global ATM services provider with primary operations in Australia, Canada, and the UK. The acquisition of DCPayments will add approximately 25,000 ATMs to Cardtronics' global portfolio, which now totals around 225,000 ATMs in North America, Europe, and the Asia Pacific, thus, aiding the customers in ATM services market globally.

The ever-changing, digital-first customer behaviours are further compelling the financial institutions around the world to innovate their self-service channels to enhance their security services. In October 2020, NCR Corporation (NYSE: NCR), a global enterprise technology company for the banking industry and the key player in the global ATM services market, launched Vision SaaS, which is the industry-leading NCR self-service device management solution. With this move, the company will be able to provide banks or credit unions full visibility and control over their ATM channel, providing improved security and better consumer experience, thus, aiding the global ATM services industry.

Market Breakup by Types, Applications, and Regions:

  • On the basis of type, the market can be segmented into onsite ATMs, offsite ATMs, worksite ATMs, and mobile ATMs.
  • Based on application, the industry can be divided into withdrawals, transfers, and deposits, among others.
  • Region-wise, the global ATM services market can be divided into North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growing demand for convenient, efficient, and time-saving services is driving the growth of the global ATM services market.  
  • The rising disposable incomes and increased smartphone and internet penetration, particularly in emerging economies, are providing further impetus to the market growth.   
  • With the growing technological developments, including card-less transaction and self-service ATM machines, coupled with rising consumer awareness, the industry is witnessing a further growth. 
  • With the availability of improved banking services, along with the rising consumer interest in online shopping, the market is experiencing a positive growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global ATM services market and global ATM industry for the periods (2016-2020) and (2021-2026).
  • The report also offers historical (2016-2020) and forecast (2021-2026) information for the regional markets for ATM services.
  • It also provides an assessment of the market based on the Porter’s Five Forces model along with a SWOT and value chain analysis.

The major players in the global ATM services market are NCR Corporation, Cardtronics, Inc., Euronet Worldwide, Diebold Nixdorf, Incorporated, and Payment Alliance International, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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