What is Cash Recycling ATM Market Scope?
Cash Recycling ATM is the machine which operates for dual purpose: first one is cash deposition assistance and second is cash dispense like normal ATM. The Consumer deposits the Cash in machine, and it is counted, verified, and stacked down to respective holders for different bill amount. The user gets receipt for the deposition of the cash and machine gets the resources for cash withdrawal by same or another client. This eliminates the need of bank separately visiting and adding cash after cash runs out in ATM.
The Cash Recycling ATM market study is being classified by Type (Front Access and Rear Access), by Application (ATM, Self-Check-out, Bill Payment, Retail Cash Management and Teller Assist) and major geographies with country level break-up.
The global market for the cash recycling ATM is fragmented by the global players in order to serve the surge in demand for the cash in different locations for which the bank has to spend the lot to employ the cash deposits and transaction process. To optimise the procedure of cash deposit and innovation in smart deposition and disposal of cash machines is the need of the hour and will help the market players to grab the market share. Analysts at AMA predicts that Manufacturers from Japan will contribute to the maximum growth of Global Cash Recycling ATM market throughout the predicted period.
NCR Corporation (United States), Fujitsu (Japan), Diebold Nixdorf (United States), GRG Banking (China), CMSI (Switzerland), Glory (Japan), Hitachi (Japan), Disko (Japan), KEBA (Austria) and Hyosung (South Korea) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are ARCA (United States) and Crane Payment Innovations (United States).
Analyst at AMA have segmented the market study of Global Cash Recycling ATM market by Type, Application and Region.
On the basis of geography, the market of Cash Recycling ATM has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2020.
Market Influencers and their development strategies
In 2021, NCR Corporation, a global enterprise technology provider for the financial, retail and hospitality industries, acquired Cardtronics, a leading ATM operator and service provider. This acquisition will bring NCRís expertise in finance technology and Cardtronics experience in ATM operation to seamlessly connect retail and banking customers.
Influencing Market Trend
- Employment of Automated Cash Handling reducing Errors Throughout the Entire Process
- Rise in Need of Financial Institutions Cost Optimisation
- Growth in Inclination of Financial Institutions Towards Enabling Revenue Growth and Delivering Ever Improving Consumer Service
- Rise in Need of The ATM at Remote Location Where Bank Cannot Store or Relocate the Branch for Cash Transactions
- Rise in Customer-Focused Services by Banks
- Increasing Counterfeit Activity and Data Breaches by Hackers
- Rising Digital Payment Options are Slowly Eliminating the Need of Cash Deposition or Carry Over
Key Target AudienceCash Recycling ATM Manufacturer, Research Institutes, End User Industry and Others
Customization available in this Study:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.
Frequently Asked Questions (FAQ):
1. At what growth rate would the Cash Recycling ATM market expands?
The Global Cash Recycling ATM market is expected to see a growth of % during projected year 2020 to 2026.
2. Who are the prominent players of the Global Cash Recycling ATM market?
The prominent players of Global Cash Recycling ATM market are NCR Corporation (United States), Fujitsu (Japan), Diebold Nixdorf (United States), GRG Banking (China), CMSI (Switzerland), Glory (Japan), Hitachi (Japan), Disko (Japan), KEBA (Austria) and Hyosung (South Korea), to name a few.
3. What are the top priorities to focus for Cash Recycling ATM marketís growth?
In this highly competitive & fast evolving Cash Recycling ATM industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.