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The global ATM market reached around USD 23.64 billion in 2023. The market is projected to grow at a CAGR of 4.4% between 2024 and 2032, reaching almost USD 34.83 billion by 2032.
As ATMs reduce the reliance of customers on their bank’s branches and provide a diverse range of services, such as cash transfers and passbook updates, in one place, their popularity is growing. Major banks are integrating contactless transaction technologies into their ATMs to improve the customer experience and eliminate the risk of card theft. This empowers customers to rely on their smartphones for cash deposits and withdrawals in ATMs, which is complementing the shift towards a digital economy.
As financial institutions strive to attain higher levels of customer loyalty, ATM surcharge fees are expected to record a significant decline, which can propel the market growth.
The emergence of self-service banking kiosks is one of the latest trends favourably impacting the market growth. Nearly 84% of American consumers prefer self-service kiosks for making payments, with 36% seeking it over other payment alternatives. In the BFSI sector, these kiosks enable customers to perform all banking operations on their own (including KYC updates, bill payments, and cash deposits and withdrawals, among others). They are also equipped with a video conferencing facility whereby a bank agent resolves customer queries and facilitates the completion of the banking process. This is expected to drive the market growth in the forecast period.
Global ATM Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Solution
Market Breakup by Screen Size
Market Breakup by Application
Market Breakup by Region
Based on type, the market is divided into conventional/bank ATMs, brown label ATMs, white label ATMs, smart ATMs, and cash dispensers. Over the forecast period, smart ATMs are expected to become increasingly popular, as customers shift towards contactless cash withdrawal and deposition technologies for safety reasons.
The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.
The expansion of existing networks of ATM facilities by major market players like NCR Atleos Corporation, Hitachi Ltd., and Euronet Worldwide, Inc. is expected to drive the market growth in the coming years.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Solution |
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Breakup by Screen Size |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global ATM Market Analysis
8.1 Key Industry Highlights
8.2 Global ATM Historical Market (2018-2023)
8.3 Global ATM Market Forecast (2024-2032)
8.4 Global ATM Market by Type
8.4.1 Conventional/Bank ATMs
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Brown Label ATMs
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 White Label ATMs
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Smart ATMs
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Cash Dispensers
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.5 Global ATM Market by Solution
8.5.1 Deployment Solutions
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.1.3 Breakup by Type
8.5.1.3.1 Onsite ATMs
8.5.1.3.2 Offsite ATMs
8.5.1.3.3 Work Site ATMs
8.5.1.3.4 Mobile ATMs
8.5.2 Managed Services
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global ATM Market by Screen Size
8.6.1 15” and Below
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Above 15”
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global ATM Market by Application
8.7.1 Withdrawals
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Transfers
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.1 Deposits
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.8 Global ATM Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America ATM Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe ATM Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific ATM Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America ATM Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa ATM Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Diebold Nixdorf, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Hitachi Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 GRGBanking Equipment Co., Limited
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 OKI Electric Industry Co., Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Hyosung TNS Incorporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 NCR Atleos Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Triton Systems of Delaware LLC
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 HESS Cash Systems GmbH
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Fujitsu Limited
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Euronet Worldwide, Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global ATM Market: Key Industry Highlights, 2018 and 2032
2. Global ATM Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global ATM Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global ATM Historical Market: Breakup by Solution (USD Billion), 2018-2023
5. Global ATM Market Forecast: Breakup by Solution (USD Billion), 2024-2032
6. Global ATM Historical Market: Breakup by Screen Size (USD Billion), 2018-2023
7. Global ATM Market Forecast: Breakup by Screen Size (USD Billion), 2024-2032
8. Global ATM Historical Market: Breakup by Application (USD Billion), 2018-2023
9. Global ATM Market Forecast: Breakup by Application (USD Billion), 2024-2032
10. Global ATM Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global ATM Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America ATM Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America ATM Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe ATM Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe ATM Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific ATM Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific ATM Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America ATM Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America ATM Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa ATM Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa ATM Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global ATM Market Structure
The market was valued at nearly USD 23.64 billion in 2023.
The market is projected to grow at a CAGR of 4.4% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 34.83 billion in 2032.
The different types of ATMs in the market include conventional/bank ATMs, brown label ATMs, white label ATMs, smart ATMs, and cash dispensers.
The major solutions of ATM in the market report include deployment solutions and managed services.
The different screen sizes of ATM considered in the market report are 15’’ and below, and above 15’’.
The different applications of ATMs include withdrawals, transfers, and deposits.
The key market players are Diebold Nixdorf, Inc., Hitachi Ltd., GRGBanking Equipment Co., Limited, OKI Electric Industry Co., Ltd., Hyosung TNS Incorporation, NCR Atleos Corporation, Triton Systems of Delaware LLC, HESS Cash Systems GmbH, Fujitsu Limited, and Euronet Worldwide, Inc., among others.
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