ATMs in the world

ATMs in Russia

Main article: ATMs in Russia

2022: ATM card in Europe

Branches and networks of banks in Europe show the level of development of territories or the level of use of non-cash payments. Data for December 2022

2020: Global ATM market valued at $20.18 billion

The volume of the global ATM market in 2020 reached $20.18 billion, and it is expected that the cumulative annual growth rate in the period from 2021 to 2028. will increase by 4.9%. Such data were presented in mid-January 2022 by Grand View Research.

The key players in the ATM market are Diebold Nixdorf, Fujitsu, G4S, GRGBanking, Hitachi, NCR Corporation, OKI Electric Industry and Guangzhou KingTeller Technology. These companies offer ATMs with various deposit, withdrawal and recycling options. These providers also provide reconstruction, repair and maintenance services, and system upgrades to financial institutions, retailers, and independent suppliers.

Global ATM market reaches $20.18 billion in 2020

The easy flow of cash, the growing number of transactional advantages, easy withdrawals, quick and prompt service, and the viability of offline purchases have stimulated the use of ATMs around the world, which is positively reflected in the promising growth prospects of the global market. Growing urbanization in both developed and emerging economies is a major driver of market growth. In addition, the availability of cash in 24x7 mode, as well as the provision of funds transfer and bill payment functions stimulate the demand for ATMs around the world. The increase in installation bases and maintenance work significantly affected the revenue generation by ATM suppliers.

Technological advances such as digital convergence, integration of IoT data analysis, and biometrics and cybersecurity are expected to drive future market growth. Technological progress also allowed the introduction of contactless ATMs, which were advertised as a safer and riskless way to withdraw cash in the context of the COVID-19 pandemic. Contactless ATM kiosks allow users to withdraw cash from an ATM by scanning the QR code on the screen without touching the interface. The number of ATMs offering contactless cash withdrawals also saw growth globally in 2020.^[1]

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