Automated Teller Machine Market to Reach $ 50 billion, Globally, by 2032 at 8.6% CAGR: Allied Market Research

The automated teller machine market is quickly expanding as a result of increasing global wealth, growing retirement savings, a shift towards professional management, and the need for investment diversification in a complex financial landscape

PORTLAND, Ore., Nov. 17, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Automated Teller Machine Market by Type (Conventional/bank, Brown ATMs, White ATMs, Cash Dispenser, and Smart ATMS), and Deployment (Onsite ATMs, Offsite ATMs, Worksite ATMs, and Mobile ATMs): Global Opportunity Analysis and Industry Forecast, 2022–2032. According to the report, the global automated teller machine industry generated $ 22.6 billion in 2022, and is anticipated to generate $ 50 billion by 2032, witnessing a CAGR of 8.6% from 2023 to 2032. 

Download Research Report Sample & TOC: https://www.alliedmarketresearch.com/request-sample/230

(We are providing report as per your research requirement, including the Latest Industry Insight’s Evolution, Potential and COVID-19 Impact Analysis)

124 – Tables73 – Charts432 – Pages

Prime Determinants of Growth

ATMs are expected to become more advanced as technology continues to evolve. This includes improvements in user interfaces, security features, contactless payment options, and biometric authentication methods. The adoption of modern technology can attract users and drive market growth. This includes improvements in user interfaces, security features, contactless payment options, and biometric authentication methods. The adoption of modern technology can attract users and drive market growth. Moreover, the integration of ATMs with other banking services can drive market growth. Hybrid ATMs that offer services like check deposits, bill payments, and account transfers, in addition to cash withdrawals, are becoming more popular. In addition, ensuring the security of ATM transactions is critical, with the rise of cyber threats. Continued investment in security measures can bolster user confidence and drive the growth of the ATM market.

Report Coverage & Details:

 

Procure Complete Report (333 Pages PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/3SBzaAh

The conventional/Bank segment to maintain its leadership status throughout the forecast period

Based on type, the conventional/Bank segment held the highest market share in 2022, accounting for more than one-third of the global automated teller machine market revenue. This can be attributed to the fact that established banking networks and customer trust, allowing banks to maintain a dominant presence in providing ATM services and infrastructure, despite the growth of non-bank players. However, the smart ATMs segment is projected to attain the fastest CAGR of 12.4% from 2023 to 2032, attributed to the fact that they offer advanced features such as biometric authentication, contactless payments, and enhanced user experiences, making them more appealing to customers and financial institutions seeking to provide modern and secure banking services.

The offsite ATMs segment to maintain its leadership status throughout the forecast period 

Based on deployment, the offsite ATMs segment held the highest market share in 2022, more than two-fifths of the global automated teller machine market revenue, and is estimated to maintain its leadership status throughout the forecast period. This is attributed to fact that their widespread deployment in convenient locations like shopping centers, gas stations, and transportation hubs, ensuring greater accessibility and user convenience compared to on-site or branch-based ATMs. However, the mobile ATMs segment is projected to attain the fastest CAGR of 11.8% from 2023 to 2032, attributed to the fact that their agility and ability to serve remote or underserved areas quickly, making them a preferred choice for financial institutions aiming to reach a broader customer base and address temporary or emergency banking needs.

Get Customized Reports with your Requirements: https://www.alliedmarketresearch.com/request-for-customization/230

North America to maintain its dominance by 2032

Based on region, North America held the highest market share in terms of revenue in 2022, accounting for more than one-fourth of the global automated teller machine market revenue. This is attributed to the fact that of its early adoption of ATM technology, large banking infrastructure, and a well-established financial services industry, which has led to a significant concentration of ATMs serving the region’s populous markets. However, the Asia-Pacific region is expected to witness the fastest CAGR of 10.8% from 2023 to 2032, and is likely to dominate the market during the forecast period, owing to rapid economic growth, increase in banking access, and the expansion of financial services in emerging markets, which led to a surge in ATM deployments to meet the rising demand for convenient cash access and banking services.

Leading Market Players: –

Diebold Nixdorf, Incorporated.Euronet Worldwide, Inc,FUJITSUGRGBankingHESS Cash SystemsHitachi Channel Solutions, CorpHyosung TNS Inc.NCR Corporation.Source TechnologiesTriton Systems of Delaware, LLC

The report provides a detailed analysis of these key players of the global automated teller machine market. These players have adopted different strategies such as expansion and product launch to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Inquiry before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/230

Trending Reports in BFSI Industry (Book Now with 10% Discount + COVID-19 Scenario):

Bank Guarantee Market By Type (Financial Guarantee and Performance Guarantee), Application (International and Domestic), Enterprise Size (Small Enterprises, Medium-Sized Enterprises, and Large Enterprises), and End User (Exporters and Importers): Global Opportunity Analysis and Industry Forecast, 2021-2030.

EMV Smart Cards Market by Type (Debit Card, Credit Card), by Brand (Visa, MasterCard, Others), by Application (Food & Groceries, Health & Pharmacy, Restaurants & Bars, Consumer Electronics, Media & Entertainment, Travel & Tourism, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031.

Smart Contracts Market by Contract Type (Smart Legal Contract, Decentralized Autonomous Organizations (DAO), Enterprise Size Logic Contracts (ALC), Distributed Enterprise Size (DApp)), by Platform (Ethereum, Bitcoin, Sidechains, NXT, Others), by Enterprise Size (Large Enterprise, Small and Medium-sized Enterprises), by End User (BFSI, Retail, Healthcare, Real Estate, Logistics, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032.

Prepaid Card Market by Offering (General Purpose Reloadable Card, Gift Cards, Government Benefit/Disbursement Card, Incentive/Payroll Card, Others), by Card Type (Closed Loop Prepaid Card, Open Loop Prepaid Card), by End User (Retail Establishments, Corporate, Government/Public sector): Global Opportunity Analysis and Industry Forecast, 2023-2032.

Digital Business Card Market by Platform (Android, iOS, Windows), by User Type (Business User, Enterprise User): Global Opportunity Analysis and Industry Forecast, 2023-2032.

Charge Card Market by Type (General Purpose Charge Card, Retail Charge Card, Travel Charge Card, Business Charge Card, Others), by Issuer (Banks, NBFCs), by End User (Individuals, Corporate, Government): Global Opportunity Analysis and Industry Forecast, 2023-2032.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int’l: +1-503-894-6022
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
[email protected]
Allied Market Research Blog: https://blog.alliedmarketresearch.com
BFSI Blog

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/automated-teller-machine-market-to-reach–50-billion-globally-by-2032-at-8-6-cagr-allied-market-research-301991910.html

SOURCE Allied Market Research