Global Industry Analysts (GIA), a market research firm, recently released its latest report titled Automated Teller Machines – Global Market Trajectory & Analytics. The report focuses on the challenges and opportunities in a post-COVID global marketplace.
Market Growth Ahead
In the year 2020 the global ATM marketplace was estimated to be $19.5 billion USD. In spite of the global COVID-19 pandemic, the global ATM marketplace is projected to grow to $27.7 billion by 2026, a CAGR growth rate of 5.8%.
The U.S. ATM Market
In the United States, the ATM market is currently estimated to be at $5.6 billion USD. China, a rapidly growing economy, is projected to reach an ATM market size of $5.7 billion by the year 2026, growing at a CGAR rate of 8.8%. Japan is forecast to grow its market at a 3.25% growth rate by 2026 whereas Canada is projected to grow at a rate of 5.2% and Germany is projected to grow by a CGAR growth rate of 3.7%.