Market Overview:
The global cash recycling ATM market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cash recyclers from retail and commercial sectors, and the growing need for secure and efficient cash management solutions. The global cash recycling ATM market is segmented on the basis of type, application, and region. On the basis of type, it is divided into independent cash recycling modules (ICRM) and embedded Cash Recycling Modules (eCRM). ICRMs are standalone units that are used independently by financial institutions or retailers for their own needs such as deposit taking or dispensing currency notes/coins; whereas eCRMs are integrated within an ATM or self-check-out terminal cabinet and used by customers for transactions such as withdrawing money or making payments. In terms of application, it is classified into ATM transactions, self-check-out terminals, bill payment terminals, retail cash management terminals (RCMT), teller assist terminals (TAT), among others.
Product Definition:
Cash recycling ATM is an automated machine that allows users to deposit and withdraw cash. It is important because it speeds up the process of exchanging money, which can be helpful for people who need to access cash quickly.
Independent Cash Recycling Module:
An independent cash recycling module is a device, which enables banks to collect recyclable money. It works as an interface between the cash dispensing machine and the operator. The main objective of this system is to prevent any misuse or theft of currency from the machines as it involves manual counting and feeding of bills.
Embedded Cash Recycling Module:
Embedded cash recycling module is a device, which is inserted in the ATM machine and helps in extracting money from the user’s bank account. It works on the basis of RFID technology, where radio frequency identification device scans for tags attached to each bill and then extracts money from the user's account.
Application Insights:
The market is segmented by application into ATM, self-checkout, bill payment, retail cash management, and teller assist. The ATM segment dominated the global market in 2017 owing to its extensive use across all major economies. This can be attributed to the growing preference for cashless transactions at a global level coupled with an increase in the adoption of digital banking solutions at a domestic level.
The self-checkout segment is expected to grow significantly over the forecast period owing to its widespread adoption among both small and large retailers as an alternative method of receiving payments for goods sold or services rendered. Self- checkout machines are widely used by retailers as they reduce counter waiting time and also eliminate human errors associated with traditional till systems where receipts were issued manually before now.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to continue its dominance over the forecast period as well, owing to increasing awareness about cash recycling and technological advancements. Europe accounted for a significant share of revenue in 2017 and is expected to grow at a lucrative rate over the forecast period due to high demand for advanced technologies that facilitate cashless transactions. Asia Pacific (APAC) region is projected to exhibit fastest growth during the forecast period, owing to rising disposable income levels and growing adoption of emerging technologies such as Artificial Intelligence (AI), Robotic Assistance, Machine Learning (ML), among others across various industries in developing economies such as China and India.
Growth Factors:
- Increasing demand for cash recycling ATM from the banking and financial sector due to the increasing need for security and efficiency.
- The rising trend of cashless transactions is boosting the demand for Cash Recycling ATM market.
- Proliferation of self-service terminals is also propelling the growth of this market as it helps reduce costs associated with traditional teller services.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cash Recycling ATM Market Research Report
By Type
Independent Cash Recycling Module, Embedded Cash Recycling Module
By Application
ATM, Self-Check-out, Bill Payment, Retail Cash Management, Teller Assist
By Companies
NCR Corporation, Fujitsu, Diebold Nixdorf, GRG Banking, CMSI, Glory, Hitachi, Disko, Cashtech, KEBA, ARCA, CPI, Hyosung, OKI Global
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Cash Recycling ATM Market Report Segments:
The global Cash Recycling ATM market is segmented on the basis of:
Types
Independent Cash Recycling Module, Embedded Cash Recycling Module
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
ATM, Self-Check-out, Bill Payment, Retail Cash Management, Teller Assist
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- NCR Corporation
- Fujitsu
- Diebold Nixdorf
- GRG Banking
- CMSI
- Glory
- Hitachi
- Disko
- Cashtech
- KEBA
- ARCA
- CPI
- Hyosung
- OKI Global
Highlights of The Cash Recycling ATM Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Independent Cash Recycling Module
- Embedded Cash Recycling Module
- By Application:
- ATM
- Self-Check-out
- Bill Payment
- Retail Cash Management
- Teller Assist
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cash Recycling ATM Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cash recycling ATM is an automated teller machine that allows you to recycle your cash.
Some of the major players in the cash recycling atm market are NCR Corporation, Fujitsu, Diebold Nixdorf, GRG Banking, CMSI, Glory, Hitachi, Disko, Cashtech, KEBA, ARCA, CPI, Hyosung, OKI Global.
The cash recycling atm market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cash Recycling ATM Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cash Recycling ATM Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cash Recycling ATM Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cash Recycling ATM Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cash Recycling ATM Market Size & Forecast, 2020-2028
4.5.1 Cash Recycling ATM Market Size and Y-o-Y Growth
4.5.2 Cash Recycling ATM Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Independent Cash Recycling Module
5.2.2 Embedded Cash Recycling Module
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 ATM
6.2.2 Self-Check-out
6.2.3 Bill Payment
6.2.4 Retail Cash Management
6.2.5 Teller Assist
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cash Recycling ATM Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cash Recycling ATM Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Independent Cash Recycling Module
9.6.2 Embedded Cash Recycling Module
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 ATM
9.10.2 Self-Check-out
9.10.3 Bill Payment
9.10.4 Retail Cash Management
9.10.5 Teller Assist
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Independent Cash Recycling Module
10.6.2 Embedded Cash Recycling Module
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 ATM
10.10.2 Self-Check-out
10.10.3 Bill Payment
10.10.4 Retail Cash Management
10.10.5 Teller Assist
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Independent Cash Recycling Module
11.6.2 Embedded Cash Recycling Module
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 ATM
11.10.2 Self-Check-out
11.10.3 Bill Payment
11.10.4 Retail Cash Management
11.10.5 Teller Assist
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Independent Cash Recycling Module
12.6.2 Embedded Cash Recycling Module
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 ATM
12.10.2 Self-Check-out
12.10.3 Bill Payment
12.10.4 Retail Cash Management
12.10.5 Teller Assist
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Independent Cash Recycling Module
13.6.2 Embedded Cash Recycling Module
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 ATM
13.10.2 Self-Check-out
13.10.3 Bill Payment
13.10.4 Retail Cash Management
13.10.5 Teller Assist
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cash Recycling ATM Market: Competitive Dashboard
14.2 Global Cash Recycling ATM Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NCR Corporation
14.3.2 Fujitsu
14.3.3 Diebold Nixdorf
14.3.4 GRG Banking
14.3.5 CMSI
14.3.6 Glory
14.3.7 Hitachi
14.3.8 Disko
14.3.9 Cashtech
14.3.10 KEBA
14.3.11 ARCA
14.3.12 CPI
14.3.13 Hyosung
14.3.14 OKI Global
