Global ATM Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider ATM market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
The global ATM market stood at US$ 20.9 billion in 2021. The global ATM market is forecast to grow to US$ 29.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2022 to 2030.
Request To Download Sample of This Strategic Report :-https://reportocean.com/industry-verticals/sample-request?report_id=Pol1107
An Automated Teller Machine (ATM) is a type of banking machine that allows customers to execute simple transactions without the assistance of branch personnel. People with credit or debit cards can get cash and deposit cash through ATMs. Depositing and cash distribution from ATMs necessitate an efficient cash management system. Cash recycling is a cutting-edge cash management technology that benefits banks by preventing bogus identification, ensuring complete correctness, and improving customer service.
Factors Influencing the Market
The convenience and other advantages offered by ATMs will primarily boost the growth of the ATM market during the forecast period. The need for ATM machines has increased due to their convenience. People are no longer required to stand in a long queue or visit the bank branch to deposit cash and get the payment. Unlike banks, ATM services are available 24 hours a day, seven days a week, which is significantly driving the growth of the ATM market.
Advancements in the ATM will offer lucrative growth opportunities for the ATM market. Users are most concerned about safety while using ATMs. However, the integration of improved security mechanisms such as fingerprint, biometrics, and double authentication will be a significant solution as it adds an additional security layer to security and prevents fraud. Thus, such initiatives are expected to bring lucrative growth opportunities for the ATM market during the forecast period.
Governments are also taking significant steps to cater to the demands of the public. For instance, the Reserve Bank of India (RBI) mandated banks in India to stop allowing magstripe cards and offer EMV chip cards in 2019. Thus, such effective steps will benefit the ATM market during the study period.
On the flip side, the high risk associated with the use of ATMs may limit the growth of the global ATM market.
Regional Analysis
The Asia-Pacific ATM market is forecast to record the highest growth rate. The growth of the ATM market is attributed to the growing use of ATMs in developing economies like China, Japan, South Korea, etc. China is expected to hold the highest share in the Asia-Pacific ATM market due to the availability of a high range of ATMs in the country. Apart from that, the presence of large unbanked populations across countries like India and China will contribute to the growth of the ATM market during the forecast period.
Get a Sample PDF copy of the report :-https://reportocean.com/industry-verticals/sample-request?report_id=Pol1107
COVID-19 Impact Analysis
The COVID-19 pandemic has wreaked havoc on ATM manufacturing and supply chains. As a result, it negatively affected the overall ATM market. Moreover, stringent mobility restrictions in countries like India and China further halted the use of ATMs to an extent. As a result, people became more inclined toward digital payment methods.
Competitors in the Market
? Diebold Nixdorf
? Euronet Worldwide Incorporation
? GRG Banking Equipment Co. Ltd.
? NHAUSA
? Source Technologies
? Incorporated NCR Corporation
? Fujitsu Ltd
? Hess Cash Systems GmbH
? NCR Corporation
? Triton Systems of Delaware LLC
? Other Prominent Players
Market Segmentation
The global ATM market segmentation focuses on User Interface, Solution Type, and Region.
By User Interface:
? Keyboard
? Touchscreen
By Solution Type:
? Deployment
? On-Site
? Off-Site
Request Full Report :-https://reportocean.com/industry-verticals/sample-request?report_id=Pol1107
By Region
�?� North America
o The U.S.
o Canada
o Mexico
�?� Europe
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
�?� Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
�?� Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
�?� South America
o Brazil
o Argentina
o Rest of South America
What is the goal of the report?
? The market report presents the estimated size of the market at the end of the forecast period. The report also examines historical and current market sizes.
? During the forecast period, the report analyzes the growth rate, market size, and market valuation.
? The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
? The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance
Full Report Description, TOC, Table of Figure, Chart, etc.-https://reportocean.com/industry-verticals/sample-request?report_id=Pol1107
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.
Get in Touch with Us:
Report Ocean:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES Tel: +1 888 212 3539 (US – TOLL FREE)
Website:https://www.reportocean.com/