Global ATM Services Market to Grow at a CAGR of 6.1% over the Forecast Period of 2024-2032

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.

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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 (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) 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.

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