Allied Market Research
Loading...
0
Upcoming Allied Market Research
2022
Cash Recycling Atm Market

Cash Recycling ATM Market by Component (Solution and Services), Type (Independent Cash Recycling Module and Embedded Cash Recycling Module) and Application (ATM, Self-Check-Out, Bill Payment, Retail Cash Management and Teller Assist) and Industry Vertical (BFSI, Retail & Commerce, Healthcare, Travel & Hospitality, Transportation and Logistics, Media & Entertainment and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A14933
Pages: NA
Feb 2022 | 103 Views
   
Author(s) : NA
Tables: NA
Charts: NA
  • Formats*:

  • SIngle User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • IComes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Cash Recycling Atm Market

Request Now !

Unlike a regular ATM, a cash recycling machine has two functions. It aids real-time banking by dispensing as well as accepting & depositing cash. It automates manual cash management, reducing the amount of manual labor performed by bank employees. A user can deposit cash in a cash recycler machine by placing banknotes into a feeder. The bills are then run through a bill identifier, which counts the denominations and aids in the detection of counterfeit bills. Furthermore, these recycled notes are automatically stored in separate cassettes in the machines after being validated, and then dispensed to customers for withdrawal. The cash is credited or debited in real-time. While a withdrawal requires an ATM or debit card for regular ATMs, the user must have his/her debit card or the beneficiary’s account number for cash deposits. In addition, the demand for cash in a CRM is accelerated among consumers, owing to the time and effort required for physical banknote transfers into the machine during CIT (Cash-in-transit) agency visits is greatly reduced. Therefore, the demand for cash recycling ATMs is expected to boost the growth of the market in the upcoming period.

The global cash recycling ATM market share is segmented into component, type, application and region. Based on component, the market is further segmented into solution and services. In terms of types, the market is bifurcated into independent cash recycling module and embedded cash recycling module. Based on application, the market is segmented into ATM, Self-Check-Out, Bill Payment, Retail Cash Management and Teller Assist.

Based on region, the global market is divided across North America (the U.S. and Canada), Europe (Germany, the UK, France, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

Key players of the cash recycling ATM market analyzed in the research include 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, Allianz, Global Aerospace Inc., Chubb, Berkshire Hathaway inc., Starr International Company Inc. and AXA SA. They have adopted various strategies including new product launches, collaborations, partnerships, mergers & acquisitions, joint ventures, agreements, and others to gain a stronghold and international presence across the world.

COVID-19 Impact Analysis

  • The rapid spread of COVID-19 has caused a global health crisis as well as a significant financial impact. To stay afloat during this difficult period, businesses have maintained strong customer relationships and a steady stream of revenue.
  • Fortunately, the rapid rise in global high-speed internet access and digitization has made digital currency a fertile ground. However, many people in most parts of the world have become aware of cash recycling ATM, and how it helps in the reduction of manual labor, and this helped in driving the growth of the market.
  • The spread of COVID-19 is a serious concern for the ATM industry, and finding a safer, more efficient way to conduct business while reducing cash touchpoints is critical. One of the most significant advantages of cash recycling is that it reduces the number of touchpoints that cash passes through, which is especially important, now that the country is dealing with the COVID-19 pandemic.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Rise in demand for cash recycling ATMs and assistance in providing enhancing services are driving the growth of the market. In addition, the integration of technological advances propels market growth. However, the online banking distribution channels are expected to hamper the market expansion. On the contrary, rise in the digitization across the countries can be perceived as an opportunity for the cash recycling ATM market forecast period. 

The cash recycling ATM market trends are as follows:

Demand for Cash Recycling ATM:

Cash recycling helps to reduce the amount of 'idle' cash in the ATMs and branches by incorporating it into your self-service network. By optimizing the cash in transit cycle, this automated approach saves money for the financial institutions.

Furthermore, by providing a secure way of storing cash and a more reliable cash audit trail, recycling solutions help to reduce risk. Therefore, the surge in demand for cash recycling ATMs is expected to boost the growth of the market due to its higher efficiency and lower costs. Furthermore, with technological innovations in the banking & financial industry, ATMs are transforming from simple cash dispenser machines to more personalized and richer communication channels. This has helped to achieve customer loyalty by installing more integrated and value-added services. Thus, the number of such developments across the major players drives the cash recycling ATM market growth.

Assists in Providing Enhanced Services:

When the skilled, experienced branch staff engages with customers, starts worthwhile conversations, and nurtures sales leads, they are most likely to be most productive. In the same way, cash recycling helps in freeing up branch employees' time to focus on more important tasks like filling and monitoring ATMs, allowing them to focus on providing a valuable, personalized, and mutually beneficial service. Furthermore, dispensing, accepting, and depositing cash, aids real-time banking. It also helps in automating manual cash management, allowing bank employees to perform less manual labor. Therefore, the ATM's assistance in providing enhanced services is driving the growth of the cash recycling ATM market during the forecast period.

Market Scope and Structure Analysis

Report Metric

Details

  Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD)

  Segments Covered

  Component, Type, Application and Region

  Companies Covered

Major companies analyzed include 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, Allianz, Global Aerospace Inc., Chubb, Berkshire Hathaway inc., Starr International Company Inc. and AXA SA

 

Key Benefits of the Report:

  • This study presents the depiction of the cash recycling ATM market along with the current trends and future estimations to determine the imminent investment pockets.    
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the market share.     
  • The current market is quantitatively analyzed from 2021 to 2030 to highlight the cash recycling ATM market growth scenario.                             
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides detailed market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions Answered in the Cash Recycling ATM Market Research Report

  • Which are the leading market players active in the cash recycling ATM market?
  • What are the detailed impacts of COVID-19 on the market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the cash recycling ATM market?
  • What future projections would help in taking further strategic steps?

Key Market Segments

Segments Sub-segments
Component
  • Solution
  • Services
Type
  • Independent Cash Recycling Module
  • Embedded Cash Recycling Module
Application
  • ATM
  • Self-Check-Out
  • Bill Payment
  • Retail Cash Management
  • Teller Assist
Industry Vertical
  • BFSI
  • Retail & E-Commerce
  • Healthcare
  • Travel & Hospitality
  • Transportation & Logistics
  • Media & Entertainment
  • Others
By Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
PURCHASE OPTIONS

Start reading ,This Report and over 13000+ thousand more Reports, Available with Avenue Library, T&C*

Call or Email us

U.S.-Canada
Toll-free :
+1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
Allied Market Research Allied Market Research Allied Market Research

Access from any device, anywhere

Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.

 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

FREQUENTLY ASKED
QUESTIONS?

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

REQUEST TOC/SAMPLE

OR

Purchase Full Report of
Cash Recycling Atm Market

Start reading.
This Report and over 13,000+ thousand more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $9,995
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library Membership
  • $ 699/mo
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 
 

Featured Reports

 

Erythropoietin Drugs Market

Global Opportunity Analysis and Industry Forecast, 2021–2028

Published in May 2021

Download Sample

Protein Therapeutics Market

Global Opportunity Analysis and Industry Forecast, 2017-2023

Published in Nov 2017

Download Sample

Surgical Equipment Market

Global Opportunity Analysis and Industry Forecast, 2020-2027

Published in Jan 2021

Download Sample

Medical Implant Market

Global Opportunity Analysis and Industry Forecast, 2020–2027

Published in Nov 2020

Download Sample

Featured Readings

 

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

 
Get Industry Data Alerts
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers