 |
Market Research Report
ATM Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024 |
||||||
| Published by | IMARC Services Private Limited | Product code | 907520 | ||||
| Published | Content info | 107 Pages Delivery time: 2-3 business days |
|||||
| Price |
|
||||||
| ATM Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024 | ||
| Published: August 18, 2019 | Content info: 107 Pages |
|
The global ATM (Automated Teller Machine) market was worth US$ 18.5 Billion in 2018. An automated teller machine (ATM) is an electronic banking machine that enables consumers to perform basic transactions using credit or debit cards. It is a specialized computer that manages money and performs functions such as cash withdrawal, cash deposit and fund transfer. An ATM consists of a card reader, keypad, cash dispenser, printer and a display screen through which relevant account balance information is conveyed to the user. As compared to traditional bank tellers, ATMs serve as a quick, convenient and self-serving alternative for a smooth financial transaction.
Growing urbanization and digitalization in both the emerging and developed economies is the primary factor driving the growth of the market. The key features of ATMs, such as 24x7 availability of cash, along with provisions for fund transfer and bill payments, have favored their widespread acceptance across the globe. Additionally, improved security mechanisms such as biometric authentication and One Time Password (OTP) services to prevent fraudulent transactions, coupled with the introduction of Talking ATMs for individuals with special needs, are also augmenting the growth of the market. Furthermore, the thriving tourism industry is another significant factor driving the market. These machines serve as a convenient currency exchange option for international tourists through features such as Dynamic Currency Conversion (DCC). Apart from this, ATMs play a crucial role in reducing the overall workload of bank employees and aid the consumer to skip long queues for cash transfers and deposits. ATMs also reduce the frequency of human error, thus assisting banks in ensuring efficient operations along with seamless experience for the consumer. Looking forward, IMARC Group expects the market to reach a value of US$ 28.2 Billion by 2024, registering a CAGR of around 7% during 2019-2024.
Historical, Current and Future Market Trends
Global ATM Managed Services Market Report, History and Forecast 2015-2026, Breakdown Data by Companies, Key Regions, Types and Application
Automated Teller Machines (ATMs)
Global Automated Teller Machine Market 2020-2024
Global ATM Market and Forecasts to 2025
ATM Managed Services Market by Service Type, and ATM Location : Global Opportunity Analysis and Industry Forecast, 2020-2027
Automated Teller Machine Market By Solution (Deployment Solution, and Managed Services) and Type: Global Opportunity Analysis and Industry Forecast, 2020-2027
ATM Markets in China
2019 ATM Benchmark Market Report
ATM Market to 2027 - Global Analysis and Forecasts by Deployment (Brown Label ATM, White Label ATM, and Bank Owned ATM); Type (Cash Deposit, Cash Dispenser, Smart ATM, Others)
Global ATM Market Report - Country Analysis By Installed Base, By Value, Installed Base By Banks: Opportunities and Forecast 2013-2023
