What are the Historical Developments and Current Growth Metrics of the Automatic Teller Machine ATM Security Market?
The automatic teller machine atm security market has seen considerable growth due to a variety of factors.
• The market size of automatic teller machine (ATM) security has been significantly increasing in the past few years. It's projected to escalate from $17.77 billion in 2024 to $18.91 billion in 2025, with a compound annual growth rate (CAGR) of 6.4%.
The historical growth is linked to factors such as heightened ATM usage, threats of card skimming, global enlargement of ATM networks, surge in cybersecurity threats, and regulatory compliance requirements.
What Is The Projected Growth Of The Automatic Teller Machine ATM Security Template Market?
The automatic teller machine atm security market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, a robust growth is anticipated in the size of the automatic teller machine (ATM) security market. It is estimated to expand up to $24.06 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.2%.
The expansion in the forecasted period is likely due to increased public cognizance of ATM scams, advancements in biometric verification, advanced next-generation encryption, AI-infused fraud identification, and secure practices in software development. Dominating trends in the forecast period encompass collaboration and sharing of information, surveillance and management from remote locations, computational advancements, safety measures concerning the physical aspect, and technology to prevent card skimming.
What Are The Key Drivers Fueling Growth In The Automatic Teller Machine ATM Security Market?
The upward trend in fraudulent activities related to automated teller machines (ATMs) is predicted to stimulate the expansion of the ATM security market in the future. An ATM is a dedicated computerized instrument that allows individuals to carry out various bank transactions independently, without requiring any human assistance or the necessity of visiting a tangible bank branch. ATM security provisions guard against scam and illegal entry, to ensure the seamless running of ATMs while protecting customers' financial data. This protection encompasses PIN verification, encoding, monitoring, and physical security elements. For example, in November 2023, the ATM Industry Association, a not-for-profit trade union based in the US, reported that ATM crime cases saw a significant yearly rise of 165% just between 2021 and 2022. Consequently, the escalating occurrences of ATM fraud are expected to fuel the growth of the ATM security market.
What Are The Principal Market Segments In The Global Automatic Teller Machine ATM Security Industry?
The automatic teller machine (ATM) security market covered in this report is segmented –
1) By Offering: Software, Services
2) By ATM Type: Onsite Automatic Teller Machines (ATM's), Offsite Automatic Teller Machines (ATM's)
3) By Application: Fraud Detection, Security Management, Anti-Skimming, Other Applications
4) By Industry Vertical: Banking, Other Industry Verticals
Subsegments:
1) By Software: Anti-Skimming Software, Surveillance And Monitoring Software, Transaction Security Software, Access Control Software
2) By Services: Installation And Integration Services, Maintenance And Support Services, Security Audits And Risk Assessment, Training And Awareness Programs
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Which Emerging Market Trends Are Altering The Automatic Teller Machine ATM Security Industry?
Top-notch companies in the automated teller machine (ATM) security market are striving to deliver inventive product solutions like a2m passive, designed to boost the protection and functionality of ATMs and help them achieve an edge over competitors. The a2m passive is a sleek solution integrated with ink or adhesive, seamlessly fitted within the lid of any ATM cassette, without compromising the banknote capacity. If anyone tries to explode the ATM using gas or solid explosives, the system comes into action, slathering the banknotes with a durable smart ink stain or adhesive, thereby making the cash useless. For example, Secure Innovation, a UK-based company specializing in protection products and custom control solutions, introduced the a2m passive in September 2023. Acclaimed worldwide, the a2m passive offers exhaustive end-to-end protection for ATM cash within the machine. The a2m passive is a cost-effective, rapidly deployable solution to prevent explosive ATM attacks. It's easy to install, affordable, requires minimal maintenance, and offers immediate protection from attacks, discouraging criminals.
Who Are the Key Players In The Automatic Teller Machine ATM Security Market?
Major companies operating in the automatic teller machine (ATM) security market report are:
• Fujitsu Limited
• NCR Corporation
• Brink Incorporated.
• Diebold Nixdorf Inc.
• Euronet Worldwide Inc.
• CMS Info Systems Ltd.
• Cardtronics Inc.
• GRG Banking Equipment Co. Ltd.
• ScienceSoft USA Corporation
• Triton Systems of Delaware LLC
• Protection Technology LLC
• Cennox Inc.
• Nautilus Hyosung America (Hyosung TNS Inc.)
• Cash Connect
• 3SI Security Systems
• Secure Innovation Inc.
• Auriga
• Penki Kontinentai Group
• KAL ATM Software GmbH
• HESS Cash Systems GmbH
• LD Systems
• TMD Security GmbH
• Atlanta Computer Group Inc.
• Hitachi Channel Solutions Corp.
• Genmega Inc.
What Are The Regional Insights Into The Automatic Teller Machine ATM Security Market?
North America was the largest region in the automatic teller machine (ATM) security market in 2024. The regions covered in the automatic teller machine (atm) security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
