From the banks of Wall Street to the global investors, the ATM industry is an ever-changing competitive market. With the arrival of new technology, banks and financial institutions are taking advantage of the convenience and security that ATMs provide. From provider of cash machines to other technical solutions, the market is showcasing great progress and potential. In this article, we’ll take a look at some of the top ATM industry market leaders in forex and examine what distinguishes them from other market players.
Overview of the ATM Industry
The Automated Teller Machine (ATM) market has experienced significant growth over the years, with the market size valued at USD 22.21 billion in 2022. The market is projected to reach USD 34.16 billion by 2031, expanding at a CAGR of 4.9% from 2023 – 2031. The market share concentration for the ATM Manufacturing Industry in the U.S. is low, with the top four companies accounting for less than 40% of all industry revenue. In order to grasp relevant industry developments, the Market Research Library has made important industry data easily available to help ATMIA members to make informed decisions and apply strategic thinking.
Worldwide ATM Growth and Trends
The ATM as a Service industry has seen drastic growth, with the global ATMs market size expected to reach USD 30.42 Bn by 2030. The compound annual growth rate (CAGR) from 2023 to 2030 is 5.17%. On a regional basis, the Asia-Pacific region is set to lead the growth, propelled by the ever-increasing use of ATMs in the retail space. Some of the top ATM manufacturing companies operating in the market are Diebold Nixdorf, NCR Corporation, Hitachi Channel Solutions and Triton Systems of Delaware LLC.
Assessing the Industry Landscape
In order to gain a comprehensive understanding of the ATM industry, an extensive market analysis has been conducted. The study provides a detailed evaluation of current market conditions and future forecasts for the global ATM market, with a particular focus on regions like North America, Europe, Asia-Pacific, Central & South America, and The Middle East & Africa. From this analysis, it is estimated that the global market size for ATMs came to USD 22.80 billion in 2022 and will experience a CAGR of 4.0% during the forecast period of 2023 – 2030.
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