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ATM (Automated Teller Machine)Market Share, Size,Growth, Key
Players, Outlook and Forecasts to 2024 | Hexa Research
“ The ATM Market (Automated Teller Machines Market) is estimated over USD
26 billion by 2024”
11 October 2018
The ATM Market (Automated Teller Machines Market) is estimated over USD 26 billion by 2024, growing at
nearly 9.8% CAGR during the forecast period (2016-2024). It was valued about USD 12.5 billion in 2015.
Technological breakthroughs and improved safety amid rising wireless devices will drive the ATM market in
the next eight years. This can result in lessened frauds and safe consumer financial transactions.
ATMs find active encouragement from banks and other financial institutions. They help reduce bank queues.
These machines benefit customers by assisting them make cash withdrawals, transfers, and deposits. They
are adopted widely since they provide a multitude of options for fiscal transactions.
Online cash transfers and other transaction modes hinder the ATM market. Introduction of solar & smart
ATMs across India and China is expected to provide industry opportunities. Rising competition among banks
to expand their customer base should give the market a fillip.
The ATM industry, divided on the basis of solutions, includes managed services and deployment. Deployment
has enabled customers to avail banking services 24/7. It accounted for 70% revenues in 2014. This was
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