PUBLISHER: Value Market Research | PRODUCT CODE: 1578293
PUBLISHER: Value Market Research | PRODUCT CODE: 1578293
The global demand for ATM Market is presumed to reach the market size of nearly USD 43.99 Billion by 2032 from USD 29.5 Billion in 2023 with a CAGR of 4.54% under the study period 2024-2032.
ATM stands for automated teller machine. The machine was invented by John Shepherd-Barron in the year of 1960. It is an electronic device that allows a bank account holder to deposit, withdraw or transfer funds by using a special card with a magnetic strip. The magnetic strip contains an identification code that is transmitted to the bank's central computer by modem. The account holder or user inserts or swipes the card into the ATMs to access the account and process account transactions. ATMs come in two types: the basic one allows the customer to only draw cash and receive a report of the account balance. Another one is that accepts the deposit, provides credit card payment facilities, and reports account information.
ATM has proven to be the most efficient payment system. It has decreased the need to wait in line and helped many people perform their transactions in a fraction of the time. These machines are capable of handling more transactions per unit of time. Additionally, it offers a standalone feature of 24*7 availability transactional services across multiple locations. Due to these features and many more advantages, the ATM has replaced both the teller and the cheque payment system. However, a decrease in cash payments and the emergence of major fraudulent acts and security threats have limited the use of ATMs. The increase in fraud activities has raised the question on its use as a secure means of payment.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of ATM. The growth and trends of ATM industry provide a holistic approach to this study.
This section of the ATM market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the ATM market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the ATM market include Diebold Nixdorf Incorporated., Fujitsu, G4S Limited., GRGBanking., Hitachi Channel Solutions Corp., NCR Corporation., OKI Electric Industry Co. Ltd., Guangzhou KingTeller Technology Co. Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.