This market research study presents a detailed segmentation of the global automated teller machine (ATM) market by the key areas (Americas, APAC, and EMEA). The top leading vendors identified in the market are Diebold, Itautec, NCR, and Wincor Nixdorf.
Technavio’s market research analysts estimate the global ATM market to grow at a CAGR of 8% between 2016 and 2020. The ATM market is witnessing huge demand of services such as balance transfers, bill payments, and availability of mortgage balances are the foreseen market demands. Moreover, technology and interface upgrades is expected to enable customers to access ATMs using mobile phones, without requiring banking cards, and use visual interactions for banking assistance in the coming years. The Americas dominate the global ATM market, accounting for 65% of the total market share. The ATM market in the Americas is likely to move to Windows 10 operating system and the ATM vendors in the region are expected to offer real-time operating system and antivirus software management services to protect the machines from malware threats, especially within minutes of a software update.
The new market research report from Technavio provides a breakdown and analysis of the ATM segments by technology.
“Recently, Bitcoiniacs has opened world’s first ATM that transacts bitcoins for Canadian dollars. This ATM looks like any other ATM. The investment in bitcoins will allow customers to exchange bitcoins and cash without the need for human to facilitate the transaction. With the help of the bitcoin ATMs, the customers can get bi-directional functionality, which will enable them to purchase the bitcoin or make redemption of bitcoin for cash,” says Bharath Kanniappan, Lead Analyst, Industrial Automation, Technavio Research
The analysts have estimated factors such as the increasing deployment of ATMs in off-site terminals to aid in the growth of this market during the predicted period. Moreover, the deployment of new off-site ATMs in the rural and semi-urban sites will help in reducing the cost associated with the migrating transaction from the tellers. Also, with the deployment of more ATMs, the number of customers is expected to increase significantly, which will boost ATM use. Furthermore, an increasing number of ATMs are deployed in busy locations that include petrol pumps, retail malls, and high traffic areas. These off-site ATMs offer a broad range of value added services such as coin dispensing, check deposits, request for check books, cash deposits, mobile top-ups, and last nine transactions mini statements. Therefore, the increasing availability of ATMs in off-site areas will propel this market’s growth in the coming years.
The leading vendors in the global ATM market include Diebold, Itautec, NCR, and Wincor Nixdorf. This market is highly fragmented with intense competition between the existing vendors and new vendors. With increased competition, the market consolidation is increasing, and small entities are being acquired by or merged with major players.
A more detailed analysis is available in the Technavio report, Global ATM Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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