Asia-Pacific to accelerate the growth of the global ATM market by2025 Asia | Page 2

Based on the user interface, the global ATM market has been segmented into
touch screen and keypad. In 2017, keypad-based ATM machine held the largest
share in the global automated teller machine market. Ease of use is one of the
key factors supporting the growth of global keypad-based ATM machines.
However, with the technological advancements and growing need for a user-
friendly interface, it is predicted that in the coming years, the installed base of
touchscreen-based ATM machines will rise significantly. Further, offsite ATM
machines are witnessing steady growth in the global ATM market by deployment
type. It is expected that the offsite ATM machines would grow at an estimated
CAGR of 10.8% during the forecast period.
“In 2017, about 3.4 million ATMs were installed, globally and it is expected, that
by 2022, ATM installation base would be more than 4.0 million. The growing need
for automation in the banking sector is propelling the growth of the global ATM
market. In addition, the rising demand for paperless transactions and energy
efficient ATMs are further, fuelling, the market growth. However, growing
incidences of card skimming are hindering the growth of the market.”
—-GMI Research
Presence of leading ATM technology developers and ATM manufacturers are few
of the factors which are supporting the growth of the ATM market in North
America. Further, the North American ATM market is being driven by the
population in the age group of 25-34 years, about 62% of the ATM transactions
are done by the people in this age group in a month. In 2017, North America held
the largest share in the global ATM market, followed by Asia-Pacific. The Asia-
Pacific market is projected to grow at an estimated CAGR of 12.0% during the
forecast period Countries, such as India, China, Australia, and Japan are
contributing towards the growth of the ATM market in the region.