United States ATM Market Report and Forecast 2024-2032

United States ATM Market Size

The United States ATM market is projected to grow at a CAGR of 4.2% between 2024 and 2032. The market is being driven by the introduction of favourable government initiatives aimed at promoting the safety of ATM transactions.

United States ATM Market Outlook

• In the United States, 60% of payments worth less than $10 are settled in cash.

• In the United States, 25% of payments worth $10-$20 are settled in cash.

• Managed services are expected to constitute a major portion of the market share.

United States ATM Market Growth

Customers holding EBT (electronic benefits transfer) cards are expected to remain major beneficiaries of ATMs for making cash bill payments in the United States. Trade associations and non-governmental organisations are pushing the federal government to introduce large penalties for ATM crimes, including vandalism, fraud, and physical assault. This is expected to promote the safety of transactions and contribute to the market growth in the forecast period.

The anticipated introduction of the Payment Choice Act can mandate all retail businesses to accept cash as a valid form of payment and make it illegal for retailers to charge higher prices from cash payers or put up signs for accepting digital payments only.

The United States OCC (Office of the Comptroller of Currency) is expected to approve a banking fairness rule, which prohibits financial institutions from denying vault access, or other banking services to independent ATM operators without conducting a quantifiable risk assessment and stating the reason for denial to them.

Over 26% of the USA’s population does not use banking services. The expansion of the existing network of ATMs can help banks cater to this section of the population and boost financial inclusion. This can promote balanced regional growth and drive the demand for ATMs in the country over the forecast period.

United States ATM Industry Segmentation

United States ATM Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Conventional/Bank ATMs

• Brown Label ATMs

• White Label ATMs

• Smart ATMs

• Cash Dispensers

Market Breakup by Solution

• Deployment Solutions
  • Onsite ATMs
  • Offsite ATMs
  • Work Site ATMs
  • Mobile ATMs
• Managed Services

Market Breakup by Screen Size

• 15’’ and Below

• Above 15’’

Market Breakup by Application

• Withdrawals 

• Transfers

• Deposits

Market Breakup by Region

• New England

• Mideast

• Great Lakes

• Plains

• Southeast

• Southwest

• Rocky Mountain

• Far West

United States ATM Market Share

Based on solution, the market is divided into deployment solutions and managed services. Over the forecast period, deployment solutions are expected to emerge as the leading market segment, as the demand for mobile ATMs and off-site ATMs records significant growth. This is expected to be driven by the increased demand for access to cash and other banking services like transfers and deposits, among others.

Leading Companies in the United States ATM Market

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.

• Diebold Nixdorf, Inc.

• NCR Atleos Corporation

• Triton Systems of Delaware LLC

• Hyosung TNS Incorporation

• Euronet Worldwide, Inc.

• Genmega, Inc.

• Brinks Company

• Puloon Technology Inc.

• HANTLE Inc.

• Sesami Cash Management Technologies Corp. (TIDEL) 

• Others

The expansion of ATMs by key players is expected to fuel the market in the United States in the coming years.

Key Highlights of the Report