PUBLISHER: Allied Market Research | PRODUCT CODE: 1414700
PUBLISHER: Allied Market Research | PRODUCT CODE: 1414700
According to a new report published by Allied Market Research, titled, "Automated Teller Machine Market," The automated teller machine market was valued at $22.6 billion in 2022, and is estimated to reach $50 billion by 2032, growing at a CAGR of 8.6% from 2023 to 2032.
The automated teller machine market is driven by the facility of wireless communication in smart ATMs. Banks and ATM operators can remotely monitor, manage, and upgrade smart ATMs that have wireless connectivity. By enabling real-time updates, software upkeep, and troubleshooting, this functionality lowers downtime and operational expenses. Furthermore, increasing demand for cash play a major role for growth of the automated teller machine market. However, lack of security standards could hamper the expansion of automated teller machine markets. In the financial sector, security is crucial. Customers are less inclined to use ATMs for their financial activities when they believe these devices are susceptible to security breaches or fraud. This lack of assurance may affect how many people use ATM services. Furthermore, emergence of online banking services must restrict the automated teller machine market growth. On the contrary, integration of new technologies such as
1) contactless payments, QR codes, and touch screen are opportunity of automated teller machine market. The entire user experience is improved by new technologies like touch screens and intuitive interfaces, which make ATM interactions more engaging and user-friendly. As a result, more people visit ATMs and are motivated to use these cutting-edge devices.
The automated teller machine market is segmented on the basis of solution, solution type, type and region. By solution, the market is segmented into deployment solution, and managed services. By solution type, it is segmented into onsite ATMs, offsite ATMs, worksite ATMs, and mobile ATMs. On the basis of type, it is segmented into conventional/ banks ATMs, brown ATMs, white ATMs, cash dispenses ATM, and smart ATMs. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyses the profiles of key players operating in the automated teller machine market such as
1) Diebold Nixdorf, Incorporated., Euronet Worldwide, Inc,, FUJITSU, GRGBanking, HESS Cash Systems, Hitachi Channel Solutions, Corp, Hyosung TNS Inc., NCR Corporation, Source Technologies, and Triton Systems of Delaware, LLC. These players have adopted various strategies to increase their market penetration and strengthen their position in the automated teller machine market.
The automated teller machine market is segmented on the basis of solution, solution type, type and region. By solution, the market is segmented into deployment solution, and managed services. By solution type, it is segmented into onsite ATMs, offsite ATMs, worksite ATMs, and mobile ATMs. On the basis of type, it is segmented into conventional/ banks ATMs, brown ATMs, white ATMs, cash dispenses ATM, and smart ATMs. By region, it is analysed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyses the profiles of key players operating in the automated teller machine market such as
1) Diebold Nixdorf, Incorporated., Euronet 360 Finance Limited, FUJITSU, GRGBanking, HESS Cash Systems, Hitachi Channel Solutions, Corp, Hyosung TNS Inc., NCR Corporation, Source Technologies, and Triton Systems of Delaware, LLC. These players have adopted various strategies to increase their market penetration and strengthen their position in the automated teller machine market.
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