Automated Teller Machine (ATM) Market to Register Exponential Growth by 2027

By Ronak Bora

The automated teller machine market is speculated to attain a considerable valuation by 2027 owing to mounting demand for workstation and mobile ATMs across key regions in the wake of the COVID-19 pandemic.
With evolving technologies Automated Teller Machines (ATMs) are becoming more sophisticated and secure. As a result, they are increasingly helping with the digital transformation of global economies, who are passing favorable policies that promote the adoption of digital banking services, augmenting industry adoption.
Several industry participants have been implementing strategic initiatives to cater to the growing demand for ATMs and other digital banking services, which has positively impacted the global business scenario.
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For instance, in April 2021, The Brink's Company, a prominent end-to-end ATM solutions provider, announced the acquisition of PAI, Inc., a leading ATM services provider in the United States. The deal enabled Brink's Company to expand its complete end-to-end cash management services by integrating its solutions with the general ATM solutions.
The automated teller machine (ATM) market has been segmented on the basis of application, type, solution, and region.
In terms of type, the market has further been divided into brown label, white label, and others. The brown label sub-segment is projected to exhibit a solid growth trajectory over the forecast period owing to burgeoning pink ATMs and green ATMs across several developing countries.
From the solutions point of view, the automated teller machine market has been bifurcated into managed services and deployment. Under deployment, the market has been segregated into mobile, onsite ATM, workstation, and offsite ATM.
The offsite ATM segment is set to witness robust growth through the analysis timeframe. Surging demand for offsite ATMs owing to the booming tourism industry is estimated to propel segmental expansion over the forthcoming years.
Meanwhile, the mobile segment is also anticipated to reach a notable valuation by 2027 owing to increased demand for strategic promotion activities by banking institutions in high-traffic locations.
With respect to application, the automated teller machine market has been classified into residential, commercial, and government. The commercial sub-segment is poised to progress at a substantial CAGR over the review period on account of the increasing deployment of ATMs with cash recycling capabilities to enhance customer satisfaction.
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On the regional front, the Europe automated teller machine market is estimated to witness optimistic growth over 2021-2027 owing to favorable government policies that are fostering the growth of digital banking services in the region.
The Middle East & Africa automated teller machine market is expected to progress at a robust pace through the projected timeline owing to rising urbanization and digitalization across the region.
Table of Contents (ToC) of the report:
Chapter 1   Methodology & Scope
1.1    Scope & definitions
1.2    Methodology & forecast parameters
1.3    COVID-19 impact
1.3.1    North America
1.3.2    Europe
1.3.3    Asia Pacific
1.3.4    Latin America
1.3.5    MEA
1.4    Data sources
1.4.1    Secondary
1.4.2    Primary
Chapter 2   Executive Summary
2.1    Automated teller machine market 360º synopsis, 2017 - 2027
2.1.1    Business trends
2.1.2    Regional trends
2.1.3    Technology trends
2.1.4    End use trends
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About Author

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport....

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