Report Ocean offers a thorough analysis of the Cash Recycling ATM Market, including assessments of business solutions, studies and advancements, applications, advantages, benefits, and breadth. This market research study on Cash Recycling ATM Market provides a thorough analysis and improvement of the important business producers, opportunities, difficulties, and worldwide suppliers as well as a close investigation of risks and access restrictions. Additionally, it provides a competitive analysis of the most recent technological advancements, innovations, future market potential, industry share, sales, sales generation, funding analysis, and overall business environment.
Global Cash Recycling ATM Market is valued at approximately USD $$ million in 2021 and is anticipated to grow with a healthy growth rate of more than $$ over the forecast period 2022-2028.
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Cash Recycling ATM also known as Cash Recycler is an automated machine that different banking services to customers without the need of visiting a bank branch. Unlike traditional ATM Cash Recycling ATMs offers both dispensing and deposit of cash in real time. Cash Recyclers are integrated with a feeder to facilitate cash deposit. The application of Cash Recyclers offers various benefits such as it improves staff productivity, enhance operational efficiency, minimizes cost associated with cash handling, and facilitates cash control & maximize cash inventory. The increasing demand for Cash Recycling ATMs and rowing expansion of Banking & Financial services sector as well as strategic initiatives from leading market players are key factors accelerating the market growth.
According to Statista – as of 2022, revenue in the global Banking, Finance & Insurance sector is estimated at USD 3.72 trillion, and the market is projected to grow to USD 4 trillion by 2025, representing a compounded annual growth rate of 2.47% between 2022 & 2025. Also, favorable initiatives from authorities to promote financial inclusion coupled with rising deployment of cash deposit kiosks in emerging countries would create lucrative growth prospectus for the market over the forecast period. However, rising emergence of online banking distribution channels and increasing inclination towards cashless economy impede the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Cash Recycling ATM Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share due to factors such as presence of leading market players as well as availability of required technological infrastructure in the region. Whereas Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising penetration private banking organizations and rapid deployment of third-party ATM network in the region.
Major market players included in this report are:
NCR Corporation
FUJITSU
GRG Banking
Hitachi Ltd
KEBA
Oki Electric Industry Co. Ltd
Tokio Marine HCC
American International Group Inc.
Dun & Bradstreet Inc.
ALIGNED Insurance
Recent Developments in the Market:
In June 2019, Tokyo, Japan based OKI received contract from India based State Bank of India to deploy 35,00 cash recycling machines. Furthermore, OKI would provide SBI with ATM-Recycler G8.
In February 2022, Kuala Lumpur, Malaysia based OpenSys (M) Bhd received an additional order worth of RM10.8 million (USD 2.37 Million) from Malaysia based Bank Simpanan Nasional (BSN) for deployment of Cash Recycling Machines.
Global Cash Recycling ATM Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Component, Type, Application, End Use Industry, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component
Solution
Services
By Type
Independent Cash Recycling Module
Embedded Cash Recycling Module
By Application
ATM
Self-Check-Out
Bill Payment
Retail Cash Management
Teller Assist
By End Use Industry
BFSI
Retail & Commerce
Healthcare
Travel & Hospitality
Transportation and Logistics
Media & Entertainment
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the Market opportunities, market risk, and market overview of this industry?
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