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The United States ATM services market is aided by the growth of the North America market. The North America ATM services market reached a value of USD 6.8 billion in 2020. The industry in North America is further expected to grow in the forecast period of 2021-2026 at a CAGR of 6.5% to attain a value of USD 9.9 billion by 2026.
North America represents the largest market for ATM services, with the United States being a significant region within the North America market. The United States is a mature market for the industry. The regional market is being driven by the presence of established and leading service providers in the country. The growing presence of ATM machines in convenient and easily accessible locations like supermarkets, convenience stores, shopping centres, and offices, among other places, are driving the industry forward as higher number of machines are ensuring an increasing level of services. The industry in the United States is being driven by the high outsourcing rates and is, especially, aided by the widely adopted turnkey ATM programs, which provide immediate service or supply of the goods. In the coming years, the industry is expected to become more consolidated, with multiple banks pooling their ATMs to a single turnkey service provider.
Globally, the Asia Pacific is the fastest-growing market, accounting for nearly 47% of the ATM industry. The ATM services market in the Asia Pacific is being primarily driven by the high number of ATM installations in countries like India and China. With the high adoption of the machines, there has also been an increasing move towards outsourcing the servicing of these ATM machines in emerging economies like India and China. The rising adoption of technological innovations in the industry in these regions is also propelling the industry forward in these countries. In Latin America, meanwhile, while there is a low presence of major global players, the industry is expected to grow in the coming years with the rising penetration of ATM machines and the growing adoption of technological advancements in the industry in countries like Brazil.
Properties and Analysis
ATM service providers refer to the entities that provide the internal hardware of the machine upon which the functioning of the machine is cognizant. They are also responsible for the smooth functioning of the machines, ensuring the maximum traffic and revenue from the ATM machines. They are responsible for ensuring the optimum functioning of operations during withdrawals, transfers, and deposits, among others.
On the basis of deployment model, the industry can be segmented into:
The machines can be managed directly by banks or by ATM management services. Based on types, the industry can be divided into:
The major regional markets in the United States are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West regions.
The United States ATM services industry is being driven by the high proliferation of the machines in the country. The rising mergers and acquisitions among the leading players in the industry are further driving the industry forward. With a rising trend of integration of facilities to a single service provider, the end-to-end outsourcing of ATM management and services is quite high in the region, which is significantly boosting the industry growth. The rate of outsourcing is expected to continue to grow in the coming years. The industry is also finding further impetus for its growth in the rising number of service providers offering turnkey solutions. The growing acquisition among major turnkey service providers is expected to drive the industry growth in the coming years.
The industry is expected to be driven by rising technological innovations in the industry, like video-teller assistance, cloud technology, biometric scanners, and 4G enabled communication. Card-less transactions or deposits, self-service ATMs, and Bitcoin ATMs are other technological innovations that are expected to drive the industry in the coming years. The rising penetration of smart machines and cash recyclers are expected to further boost the industry growth propelled by the growing demand for these services among the consumers.
January 2017- Cardtronics, Inc. (NASDAQ: CATM) completed its acquisition of global ATM service provider, DirectCash Payments Inc., which had its primary operations in Canada, Australia, and the United Kingdom.
The report analyses the following key players in the United States ATM services industry, covering their capacities, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers, acquisitions, and investments:
The comprehensive report by EMR looks into the macro and micro aspects of the industry. The report also assesses the industry based on Porter’s Five Forces model as well as providing a SWOT analysis of the industry.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Constraints Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 United States ATM Services Market Analysis
6.1 Figure: United States ATM Industry Historical Market (2016-2020) & Forecast (2021-2026)
6.2 United States ATM Services Market Breakup by Deployment: Historical Market (2016-2020) & Forecast (2021-2026)
6.2.1 Onsite ATMs
6.2.2 Offsite ATMs
6.2.3 Work Site ATMs
6.2.4 Mobile ATMs
6.3 United States ATM Services Market Breakup by Management: Historical Market (2016-2020) & Forecast (2021-2026)
6.3.1 ATM Management Services
6.3.2 Managed directly by Banks
6.4 United States ATM Services Market Breakup by Type: Historical Market (2016-2020) & Forecast (2021-2026)
6.4.1 Conventional/Bank ATMs
6.4.2 Brown Label ATMs
6.4.3 White Label ATMs
6.4.4 Smart ATMs
6.4.5 Cash Dispensers
6.5 United States ATM Services Market Breakup by Application: Historical Market (2016-2020) & Forecast (2021-2026)
6.6 United States ATM Services Market Breakup by Regions: Historical Market (2016-2020) & Forecast (2021-2026)
6.6.1 New England
6.6.3 Great Lakes
6.6.7 Rocky Mountain
6.6.8 Far West
7 Technology Trends Analysis
7.1 Self Service ATMs
7.2 Deposit Automation and Recycling ATMs
7.3 Card-less ATM Transaction
7.4 Software Migration for ATMs
7.5 Crypto currency ATMs
7.6 Value-added Services
8 SWOT Analysis
9 Porter’s Five Forces Analysis
9.2 Buyer’s Power
9.3 Supplier’s Power
9.4 New Entrants
9.5 Degree of Rivalry
10 EMR’s Key Indicators for Demand
11 EMR’s Key Indicators for Price
12 Competitive Landscape & Supplier Analysis
12.1 NCR Corporation
12.1.1 Company Overview
12.1.2 Financial Analysis
12.2 Cardtronics, Inc.
12.2.1 Company Overview
12.2.2 Financial Analysis
12.3 Euronet Worldwide
12.3.1 Company Overview
12.3.2 Financial Analysis
12.4 Diebold Nixdorf, Incorporated
12.4.1 Company Overview
12.4.2 Financial Analysis
12.5 Payment Alliance International
12.5.1 Company Overview
12.5.2 Financial Analysis
12.6 FCTI, Inc
12.6.1 Company Overview
12.6.2 Financial Analysis
13 Events and Developments
The United States ATM services industry is being driven by the growth of the overall North America market. The North America market attained a value of USD 6.8 billion in 2020. It is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 6.5%. The North America market is projected to reach a value of USD 9.9 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of deployment, the market can be segmented into onsite ATMs, offsite ATMs, work site ATMs, and mobile ATMs. The ATM services can be managed directly by the banks or by ATM management services. Based on type, the industry can be divided into conventional/bank ATMs, brown label ATMs, white label ATMs, smart ATMs, and cash dispensers. By application, the market can be divided into withdrawals, transfers, and deposits, among others. New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West regions are the major regions in the market. The major players in the above industry include NCR Corporation, Cardtronics, Inc., Euronet Worldwide, Diebold Nixdorf, Incorporated, Payment Alliance International, and FCTI, Inc, among others.
The major drivers of the industry such as rising disposable incomes, increasing population, rising urbanisation, high penetration of the machines, presence of major global players, rising outsourcing of services, growing number of turnkey service providers, and increasing adoption of technological innovations are driving the growth of the market globally. EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.
EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:
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