ATM Market Size, Share, Growth Analysis, By Type(White Label, Brown Label), By Solution(Deployment (Onsite, Offsite, Worksite, Mobile)), By Application(Commercial, Government), By Region - Industry Forecast 2024-2031

ATM Market size was valued at USD 20.39 billion in 2022 and is poised to grow from USD 21.39 billion in 2023 to USD 32.9 billion by 2031, growing at a CAGR of 4.9% in the forecast period (2024-2031).

The ATM Market is competitive, with the presence of several players in both domestic and international markets. The industry's top players are embracing strategic collaboration initiatives to improve market share and profitability. Some of the major players in the ATM market are Diebold Inc., Wincor Nixdorf AG, NCR Corporation, Triton Systems of Delaware, Hitachi-Omron Terminal Solutions, GRG Banking Equipment Co. Ltd., OKI Electric Industry co. Ltd., Nautilus Hyosung Corporation, HESS Cash Systems GmbH & Co KG, Fujitsu Ltd., Euronet Worldwide and Brink's Company are among the major contributors in the ATM market. 'Diebold Inc.', 'NCR Corporation', 'GRG Banking Equipment Co., Ltd.', 'Fujitsu Limited', 'Hitachi, Ltd.', 'Nautilus Hyosung Corporation', 'Wincor Nixdorf AG', 'Euronet Worldwide, Inc.', 'Triton Systems of Delaware', 'OKI Electric Industry Co., Ltd.', 'Hess Cash Systems GmbH & Co. KG', 'Hantle Inc.', 'Fujian Newland Payment Technology Co., Ltd.', 'Fujian Landi Commercial Equipment Co., Ltd.', 'KingTeller Technology Inc.', 'Shenzhen Zijin Smart Equipment Co., Ltd.', 'Shenzhen Yihua Computer Co., Ltd.', 'GRGBanking Equipment Co., Ltd.', 'Eastcompeace Technology Co., Ltd.', 'Perto S.A.'

The major factor driving the industry is the competition among the banks to provide service to customers' convenience.

Self Service ATM is a breakthrough technology that combines multiple features into a single machine. Serves as a one stop solution for functions such as cash deposit, withdrawal, cash recycling, check deposit, coin dispense, internet banking, banking products and solutions.

The Asia Pacific regional ATM market is expected to register the highest CAGR during the forecast period as it held the largest global ATM market share in 2021. The growth of the regional ATM market is attributed to the rising deployment of ATMs, predominantly in developing countries like China and India. Lack of awareness about digital payment solutions in most economies in the region also strengthens the role of ATMs for cash-based and other financial transactions in this region. Of the over three million ATMs installed globally, the maximum is installed in the Asia Pacific. Furthermore, the need to serve the large unbanked population across countries such as China, India, and Japan, as well as emerging markets across Vietnam and Indonesia is expected to fuel the demand for ATMs in the region.