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PYMNTS Daily Data Dive: Global ATM Market On The Rise

Big growth is expected over the coming years for the global ATM market.

A new study by Grand View Research predicted that the rising demand for automated wireless communication devices, along with growing security standards, will drive the global ATM industry to reach $24.92 billion by 2022.

There’s been a rise in the use of these services due to higher security standards for online and physical transactions. The research also points to a steady increase in the demand for automated wireless communication devices, which can be linked with ATMs to help customers facilitate secure transactions.

Here are the numbers:

70% | The percentage of overall revenue in 2014 accounted for by the ATM deployment solutions industry

$24.92 billion | The predicted size of the global ATM market by 2022

11% | The CAGR growth amount the ATM managed services market is expected to have from 2015 to 2022

$11 billion | The value of the global ATM market in 2014

13% | The CAGR growth amount mobile ATMs are expected to have from 2015 to 2022

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