Categories: Business & Finance

Automated Teller Machine (ATM) Market is Projected

The Business Research Company’s Next-Gen ATM Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Next-Gen ATM Global Market Report 2023 evaluates next-gen atm market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global next-gen ATM market is expected to grow from $2.84 billion in 2022 to $3.04 billion in 2023 at a compound annual growth rate (CAGR) of 7.27%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The next-gen ATM market is expected to reach $4.08 billion in 2027 at a CAGR of 7.64%.

The rise in the value of consumers’ purchasing power parity (PPP) is expected to propel the growth of the next-gen ATM market going forward. Purchasing power parity (PPP) represents a prominent macroeconomic statistic that compares various nations’ currencies using a “basket of goods” method. PPP exchange rates are relatively stable over time, unlike market rates which are more volatile and provide a more accurate measure of the relative economic productivity and standards of living between countries than market exchange rates that can help next-gen ATMs make more informed decisions about where to expand their operations. For instance, according to the Energy Information Administration, a US-based primary federal statistical system organization, the purchasing power annual average index value in 2021 is 270.97, while for the year 2022 found to be 292.66. Therefore, the rise in the value of consumers’ purchasing power parity (PPP) is driving the next-gen ATM market.

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https://www.thebusinessresearchcompany.com/report/next-gen-atm-global-market-report

The next-gen atm market segments in the report are:

1) By Type: Cash Dispensers, Deposit ATMs, Cash Recycling ATMs, Self-Service ATMs, Self-Service Kiosks, Mobile ATMs, Other Types

2) By Solutions: Deployment, Managed Services

3) By Technology: Contactless, Voice Recognition, Biometrics, Video Banking, AI (Artificial intelligence) And IoT (Internet of Things) Integration

4) By Application: Bank Service Agent, Bank, Retail, Enterprises

The table of contents in TBRC’s next-gen atm market report includes:

Executive Summary
Next-Gen ATM Market Characteristics
Next-Gen ATM Market Trends And Strategies
Next-Gen ATM Market – Macro Economic Scenario
Next-Gen ATM Market Segmentation

South America Next-Gen ATM Market
Brazil Next-Gen ATM Market
Middle East Next-Gen ATM Market
Africa Next-Gen ATM Market
Next-Gen ATM Market Competitive Landscape And Company Profiles

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