ATM Market Growth Trends, Volume Insights & Outlook 2030
ATM Market Size & Insights
The Global ATM Market size was valued at around USD 25.6 billion in 2024 and is projected to reach USD 34.8 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.10% during the forecast period, i.e., 2025-30.
The ATM Market is significantly growing due to several growth factors, including the rapidly growing gaming industry, the rising demand for electronic devices, including TVs, smartphones, monitors, wearables, etc., the infrastructural development & expansion of production facilities, and the integration of artificial intelligence in ATM.
What are the Key DROs in the ATM Market?
Shift of Working Population Towards Fast Banking Solutions – The increasing need for fast cash withdrawals is a key factor driving the growth of the market across multiple regions globally. The adoption of ATM has surged due to digitalization, remote working culture, internet connectivity, and other factors.
The rising number of the working population, primarily in tier-1 and tier-2 cities, accounts for more than 60% of the population worldwide, who have a busy schedule and need a fast and efficient cash withdrawal solution. The time constraint and the off weekends of most of the banking institutions have complicated the cash withdrawal procedure, thus pushing the banking sector to incorporate ATM, a 24/7 cash withdrawal service, with approximately 3 million ATMs globally. Additionally, the adoption of multi-interface ATM for the withdrawal and deposit of cash, with additional features like touch screen, NFC readers, advanced authentication system, and others, increases the acceptability of the ATM. With the rising urbanization and expanding workforce, the demand for convenient, time-conserving, and effective banking services has increased, thus accelerating the demand for ATMs globally.
What are the Key Segments in the ATM Market?
The ATM is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
-By Solution
Deployment- Market Size & Forecast 2020-2030, USD Million
Managed Services- Market Size & Forecast 2020-2030, USD Million
-By Application
Cash Withdrawal- Market Size & Forecast 2020-2030, USD Million
Cash Deposit- Market Size & Forecast 2020-2030, USD Million
Money Transfer- Market Size & Forecast 2020-2030, USD Million
Others (PIN Change, Balance Inquiry, Bill Payments, etc.)- Market Size & Forecast 2020-2030, USD Million
-By Type
Brown ATMs
White ATMs
Cash dispenser ATMs
Smart ATMs
Conventional/bank ATMs
The conventional/bank ATMs hold the largest market share of about 43%. This is due to the widespread deployment, cost-effectiveness, consumer-friendly features, loyalty of the consumers, expansion of e-commerce platforms, etc.
How does geographical analysis highlight in the Saudi Arabia Online Grocery Delivery market?
-By Region
North America
South America
Europe
The Middle East & Africa
Asia-Pacific
Asia-Pacific dominates the market with a market share of around 37%. The key reasons contributing to the market growth are the large population, easier accessibility of the ATM services, lack of digital payment opting population, strategic collaborations & partnerships, government support, advances in the ATM technology, etc.
Who are the Key Players in ATM Market?
Diebold Nixdorf
Wincor Nixdorf AG
NCR Corporation
Triton Systems of Delaware
Hitachi-Omron Terminal Solutions
GRG Banking Equipment Co. Ltd.
OKI Electric Industry Co. Ltd.
Nautilus Hyosung Corporation
HESS Cash Systems GmbH & Co KG
Fujitsu Ltd.
Euronet Worldwide
Brink's Company
Others
ATM Market News
2024-25: Euronet Worldwide significantly expanded its independent ATM network. Key moves included a joint venture in Latin America (LATM), a partnership in Indonesia for 4,500+ ATMs, and acquisitions of Swedbank's ATMs in the Baltics, plus expansion into Belgium and Mexico.
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Why This MarkNtel Advisors Research Report:
In-depth Market Analysis: Understand trends and dynamics shaping growth.
Segmented Insights: Target specific segments for focused strategies.
Geographical Performance: Assess market opportunities by geographic area.
Emerging Technologies: Discover advancements like AI integration.
Risk Identification: Pinpoint challenges to inform strategic planning.
Future Forecasts: Prepare for market changes with actionable projections.
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