Global Cash Recycling ATM Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Cash Recycling ATM also known as Cash Recycler is an automated machine that different banking services to customers without the need of visiting a bank branch. Unlike traditional ATM Cash Recycling ATMs offers both dispensing and deposit of cash in real time. Cash Recyclers are integrated with a feeder to facilitate cash deposit. The application of Cash Recyclers offers various benefits such as it improves staff productivity, enhance operational efficiency, minimizes cost associated with cash handling, and facilitates cash control & maximize cash inventory. The increasing demand for Cash Recycling ATMs and rowing expansion of Banking & Financial services sector as well as strategic initiatives from leading market players are key factors accelerating the market growth.

According to Statista - as of 2022, revenue in the global Banking, Finance & Insurance sector is estimated at USD 3.72 trillion, and the market is projected to grow to USD 4 trillion by 2025, representing a compounded annual growth rate of 2.47% between 2022 & 2025. Also, favorable initiatives from authorities to promote financial inclusion coupled with rising deployment of cash deposit kiosks in emerging countries would create lucrative growth prospectus for the market over the forecast period. However, rising emergence of online banking distribution channels and increasing inclination towards cashless economy impede the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Cash Recycling ATM Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share due to factors such as presence of leading market players as well as availability of required technological infrastructure in the region. Whereas Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising penetration private banking organizations and rapid deployment of third-party ATM network in the region.

Major market players included in this report are:

NCR Corporation

FUJITSU

GRG Banking

Hitachi Ltd

KEBA

Oki Electric Industry Co. Ltd

Tokio Marine HCC

American International Group Inc.

Dun & Bradstreet Inc.

ALIGNED Insurance

Recent Developments in the Market:

In June 2019, Tokyo, Japan based OKI received contract from India based State Bank of India to deploy 35,00 cash recycling machines. Furthermore, OKI would provide SBI with ATM-Recycler G8.
In February 2022, Kuala Lumpur, Malaysia based OpenSys (M) Bhd received an additional order worth of RM10.8 million (USD 2.37 Million) from Malaysia based Bank Simpanan Nasional (BSN) for deployment of Cash Recycling Machines.
Global Cash Recycling ATM Market Report Scope:

Historical Data: 2019-2020-2021

Base Year for Estimation: 2021

Forecast period: 2022-2029

Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends

Segments Covered: Component, Type, Application, End Use Industry, Region

Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World

Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component

Solution

Services

By Type

Independent Cash Recycling Module

Embedded Cash Recycling Module

By Application

ATM

Self-Check-Out

Bill Payment

Retail Cash Management

Teller Assist

By End Use Industry

BFSI

Retail & Commerce

Healthcare

Travel & Hospitality

Transportation and Logistics

Media & Entertainment

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World