ATM Market Dynamics & Insights

Dec 21, 2023

The global ATM (Automated Teller Machine) market size reached US$ 22.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 29.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5% during 2023-2028.

The latest report by IMARC Group, titled "ATM Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights on the global ATM market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

An automated teller machine (ATM) allows customers to access all basic transactions of a bank, such as deposits, and withdrawals, view account balance, transfer balance between accounts, and clear checks at an ATM without the help of a branch representative or teller. An ATM typically comprises a keypad, dispenser, printer, card reader, and display screen to prompt the user through each step of the transaction. It works by reading the chip on the front and the magnetic stripe on the back of the debit or credit card to execute the requested function. It is a faster and more convenient self-serving alternative method that offers a smooth financial transaction experience as they assist individuals with related operations, such as PIN change, and allows users to change card passwords and view their bank account balances.

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Global ATM Market Trends:

The global ATM market is primarily driven by the escalating demand for convenient banking transactions among the masses. Moreover, several technological advancements, including the widespread integration of IoT data analysis, and digital convergence coupled with the rising demand for quick cash withdrawal by the user, are further catalyzing the market. Besides, continuous improvements in security measures, including biometric and one-time password (OTP) authentication systems to prevent fraudulent transactions, are impacting the market favorably. Furthermore, the rising government support and initiatives to promote financial inclusion and an increasing number of bank branches and ATMs in rural areas are providing a boost to demand across the globe. Other factors, such as the emerging BFSI sector and the increasing deployment of ATMs in organizations and financial institutions, are creating a positive market outlook.

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Key Market Segmentation:

Competitive Landscape:

By IMARC group the report has also analyzed the competitive landscape of the market with some of the top atm manufacturers & companies being

Some of these key players include:

Breakup by Solution:

Breakup by Application:

Breakup by Type:

Breakup by Screen Size:

Breakup by Region:

Key highlights of the Report:

TOC for the Report:

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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