ATM Market Report Scope & Overview:

The ATM Market size was valued at USD 23.52 Billion in 2023 and is expected to reach USD 32.96 Billion by 2031 and its growing with a CAGR of 4.31% over the forecast period 2024-2031.

Automated Teller Machine (ATM) is an electronic banking outlet that allows consumers to execute simple transactions. the technological advancements, customers are increasingly Looking for secure, faster, more convenient, and reliable ways to access cash, that drives the widespread adoption of ATM Market. The technological improvements in ATM machinery are Projected to drive the demand for automated teller machines, enabling consumers to perform various banking work securely. enhanced security measures such as biometric and one-time password authentication systems are being implemented to prevent fraud, while the introduction of Smart ATMs designed for users with special needs is also contributing to the growth of the ATM market. By Using ATM Anyone can Withdraw Cash and Transfer Fund Easily And its having 24x7 Service.

ATM Market Revenue Analysis

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Market Dynamics


  • The demand for automation in the banking sector is increasing in both emerging and developed countries the drives ATM Market.

  • In many Countries the Cash is the favored mode of payment Thet Drives market.

  • Cash access is quicker, more dependable, and easy.

With technological advancements, customers are increasingly seeking secure, faster, more convenient, and reliable ways to access cash. This has led to a growing preference for the widespread adoption of ATMs on a global scale. The Automation allow banks to streamline their operations and decrease the need for Human intervention in Daily Tasks. ATMs provide a cost-effective way to offer basic banking services, such as cash withdrawals, deposits, and balance inquiries, without going to bank branch and not need of any additional staff. ATMs provide customers with 24x7 access to basic services of banking, beyond regular banking hours. This accessibility is a major factor driving the demand for ATMs.


  • The cost of Managing, handling, and transportation for ATM equipment is becoming more expensive.

  • The increasing ATM security expenditures is factor that Restrain market.


  • The rapidly growing integration of new technologies such as contactless payments, QR codes, and touch screens creates opportunity for the automated teller machine market.

  • The digital convergence, integration of IoT data analysis, and biometrics and cybersecurity, creates Opportunity for market.


  • Continuously Increasing Digitalization, and Digital Banking progress is major challenge For ATM market.

  • Internet banking channels make transactions simple, quick, and safe, restricting the expansion of the industry.

  • The lack of standard related to security are major Challenge for automated teller machine market growth.

Impact of Russia-Ukraine War:

The crisis between Russia and Ukraine is causing significant disruptions in the global supply chain and manufacturing processes, particularly in the ATM production. Both countries play Important roles in not only the providing raw materials but also in manufacturing of essential components such as semiconductor chips, display units, and security systems used in ATMs. As a result of sanctions on Russia and logistical challenges in Ukraine, ATM manufacturers are grappling with delays and heightened costs. This has led to diminished production capacities, prolonging delivery times for new ATMs and upgrades, thereby impacting deployment schedules.

The repercussions of this crisis are reverberating across the global economic landscape, contributing to increased market volatility and heightened uncertainty. Financial institutions, major consumers of ATMs, are adopting a more cautious stance in their investment and expansion plans. This cautious approach is directly influencing the demand for new ATMs. the currency fluctuations and economic sanctions are triggering changes in consumer behavior, potentially altering cash withdrawal patterns and, consequently, affecting ATM usage.

The crisis may accelerate the shift towards digital payments, Reduce reliance on physical cash and ATMs. the Russia-Ukraine crisis is introducing intricate layers of complexity into the ATM market, shaping both supply and demand dynamics in ways that are poised to have enduring effects.

Impact of Ongoing Economic Slowdown

The ongoing economic slowdown, impacting both its supply and demand dynamics. in the demand side, economic uncertainties tend to reshape consumer behavior. During such periods, there might be a growing inclination towards cash as a secure and easily accessible payment method, potentially leading to increased ATM withdrawals in specific regions, demographics. The prevailing trend favoring digitalization and cashless transactions, growing by the pandemic, could counteract this effect. Consumers and businesses continue to embrace digital payment methods for their convenience and safety. From the supply side, financial institutions, the primary deployers of ATMs, may reevaluate their capital expenditure given and tighter budgets and uncertain economic Situations. This reevaluation could translate into reduced investments in new ATM installations and upgrades, particularly in advanced economies where digital banking and payment methods are already widespread. The economic slowdown might prompt banks to optimize operational costs, potentially resulting in a streamlining of their ATM networks in favor of more cost-effective digital channels.

The impact of the economic slowdown can vary across the different markets. In Growing economies, where cash remains a dominant form of payment and banking infrastructure is still evolving, ATMs might continue to experience growth or face less severe contractions. The innovations in ATM functionalities, such as multi-currency dispensing, biometric authentication, and integration with mobile banking services, could serve as mitigating factors by enhancing the utility and convenience of ATMs for consumers.

Market Segmentation:

By Solution

  • Deployment

    • Onsite ATM

    • Offsite ATM

    • Worksite ATM

    • Mobile ATM

  • Managed Service

On the Basis Of solution Market Is Subsegment into deployment and managed services. ATM Deployment solutions hold the highest market share, accounting More than 51% in 2022.  ATM deployment involves the installation, setup, testing, operation, and implementation of ATMs. Under the Deployment, there are different types of ATMs Subsegment, including onsite, offsite, worksite, and mobile ATMs. In that offside ATM segment Dominates the Market.

Onsite ATMs are typically located within or near a physical bank branch, allowing customers to easily access both the branch and the ATM. These ATMs help alleviate the workload of bank employees, reduce long queues for transactions, and minimize errors in withdrawals and deposits. The demand for onsite ATMs is expected to rise in the coming years, leading to smoother financial transactions for banks.

The Managed services enable financial institutions to outsource their non-core activities to specialized and trained service providers, allowing them to focus on their core financial businesses. Industry leaders like NCR Corporation and Diebold Nixdorf offer managed services at competitive rates, providing a valuable resource for strengthening the infrastructure of financial institutions. These services play a important role in enhancing multichannel delivery, improving customer retention, acquisition, and cross-selling opportunities. With the Using managed services, financial institutions can streamline their operations and overall efficiency.


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By Type

  • Conventional/Bank ATMs

  • Brown ATMs

  • White ATMs

  • Cash Dispenser ATM

  • Smart ATMs

Regional Analysis

North America Region dominates the Global ATM market, with the contributing largest revenue share of 30.5% in 2022. This growth can be attributed to various factors, such as the increasing demand for cash, the growing e-commerce, the increase in mobile banking usage, and the modernization of existing ATMs. As these trends Growing, North America is expected to continue its growth in the Future.

The Asia Pacific region, the automated teller machine market is expected to be growing with the fastest compound annual growth rate (CAGR) of 4.98% in the period of forecast. This growth is driven by the widespread deployment of ATMs, particularly in developing countries such as China and India. The lack of awareness about digital payment solutions in many economies in the region further underscores the importance of ATMs for facilitating cash-based and other financial transactions. There are 3 million ATMs installed globally, the Asia Pacific region boasts the highest number in these installations.

Europe presents significant growth potential in the market, thanks to major technological advancements in the banking sector. the Middle East and Africa region offer promising growth opportunities, driven by the increasing demand for interactive machines and managed services in the financial industry. the cash-based economy in the MEA region, with strong consumer demand and government support for electronic banking, is expected to boost the growth of the region.



North America

  • US

  • Canada

  • Mexico


  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of the Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America


The major key players are Diebold Nixdorf, Inc, Euronet Worldwide, Inc., Fujitsu Ltd, GRG Banking Equipment Co. Ltd., HESS Cash Systems GmbH, Hitachi-Omron Terminal Solutions, Corp., NHAUSA, NCR Corporation, Source Technologies, Triton Systems of Delaware, LLC & Other Players

Euronet Worldwide, Inc - Company Financial Analysis

Company Landscape Analysis

Recent Development:

  • In June 2023, NCR Corporation, a leading provider of corporate technology, announced a strategic partnership with Members ATM Alliance (MAA) to introduce ATM as a Service (ATMaaS) to credit unions. MAA, a Credit Union Service Organization (CUSO), specializes in providing support to credit unions for the management and processing of ATMs. By integrating NCR ATM as a Service into their operations, MAA will streamline their managed services portfolio, covering operations, deployment, transaction processing, cash management, and software management.

  • In February 2023, NCR Corporation renewed and expanded its longstanding partnership with Walgreens, a prominent global drugstore operator. Under the new agreement, NCR will continue to provide ATM services in nearly all Walgreens locations across the U.S., Puerto Rico, and the District of Columbia.

  • In January 2023, Hitachi Terminal Solutions India announced the expansion of its manufacturing capacity for cash recycling machines (CRMs) in Bengaluru. This expansion will enable Hitachi to triple its current production capacity of 1,000 CRMs. CRMs function similarly to ATMs but also allow users to deposit cash, making them a convenient option for individuals without bank accounts.

  • In November 2022, Diebold Nixdorf, a renowned ATM manufacturer, bolstered its presence in India by inaugurating a new manufacturing plant in Bengaluru. The facility will focus on producing the company's DN Series cash dispensing and cash recycling machines, further solidifying Diebold Nixdorf's commitment to the Indian market.

ATM Market Report Scope:
Report Attributes Details
Market Size in 2023  US$ 23.52 Bn
Market Size by 2031  US$ 32.96 Bn
CAGR   CAGR of 4.31% From 2024 to 2031
Base Year  2023
Forecast Period  2022-2031
Historical Data  2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Solution (Deployment, Managed Service)
• By Type (Conventional/Bank ATMs, Brown ATMs, White ATMs, Cash Dispenser ATM, Smart ATMs)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Diebold Nixdorf, Incorporated, Euronet Worldwide, Inc., Fujitsu Ltd, GRG Banking Equipment Co. Ltd., HESS Cash Systems GmbH, Hitachi-Omron Terminal Solutions, Corp., NHAUSA, NCR Corporation, Source Technologies, Triton Systems of Delaware, LLC
Key Drivers • Cash access is quicker, more dependable, secure, and easy.
• In both emerging and developed countries, the demand for automation in the banking sector is growing.
Market Challenges • Digitalization progress in developing countries
• Internet banking channels make transactions simple, quick, and safe, restricting the expansion of the industry.

Frequently Asked Questions

Ans. The projected market size for the ATM Market is USD 32.96 Billion by 2031.

Ans:- Digitalization progress in developing countries and Internet banking channels make transactions simple, quick, and safe, restricting the expansion of the industry.

Ans:- The major key players are Diebold Nixdorf, Incorporated, Euronet Worldwide, Inc., Fujitsu Ltd, GRG Banking Equipment Co. Ltd., HESS Cash Systems GmbH, Hitachi-Omron Terminal Solutions, Corp., NHAUSA, NCR Corporation, Source Technologies, Triton Systems of Delaware, LLC.


Ans:- Emerging nations such as China and India, is credited with driving the regional market forward. 

Ans:-  The primary growth tactics of ATM Market participants include merger and acquisition, business expansion, and product launch.


1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Industry Flowchart

3. Research Methodology

4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.4 Opportunities

4.4 Challenges

5. Impact Analysis

5.1 Impact of Russia-Ukraine War

5.2 Impact of Economic Slowdown

5.2.1 Introduction

5.2.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea India

6. Value Chain Analysis

7. Porter’s 5 forces model

8. PEST Analysis

9. ATM Market Segmentation, By Solution

9.1 Deployment

9.1.1 Onsite ATM

9.1.2 Offsite ATM

9.1.3 Worksite ATM

9.1.4 Mobile ATM

9.2 Managed Service

10. ATM Market Segmentation, By Type

10.1 Conventional/Bank ATMs

10.2 Brown ATMs

10.3 White ATMs

10.4 Cash Dispenser ATM

10.5 Smart ATMs

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Eastern Europe Poland Romania Hungary Turkey Rest of Eastern Europe

11.3.2 Western Europe Germany France UK Italy Spain Netherlands Switzerland Austria Rest of Western Europe

11.4 Asia-Pacific

11.4.1 China

11.4.2 India

11.4.3 Japan

11.4.4 South Korea

11.4.5 Vietnam

11.4.6 Singapore

11.4.7 Australia

11.4.8 Rest of Asia Pacific

11.5 The Middle East & Africa

11.5.1 Middle East UAE Egypt Saudi Arabia Qatar Rest of the Middle East

11.5.2 Africa Nigeria South Africa Rest of Africa

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Colombia

11.6.4 Rest of Latin America

12 Company Profile

12.1 Diebold Nixdorf, Inc.

12.1.1 Company Overview

12.1.2 Financials

12.1.3 Product/ Services Offered

12.1.4 SWOT Analysis

12.1.5 The SNS View

12.2 Euronet Worldwide, Inc.

12.2.1 Company Overview

12.2.2 Financials

12.2.3 Product/ Services Offered

12.2.4 SWOT Analysis

12.2.5 The SNS View

12.3 Fujitsu Ltd.

12.3.1 Company Overview

12.3.2 Financials

12.3.3 Product/ Services Offered

12.3.4 SWOT Analysis

12.3.5 The SNS View

12.4 GRG Banking Equipment Co. Ltd.

12.4 Company Overview

12.4.2 Financials

12.4.3 Product/ Services Offered

12.4.4 SWOT Analysis

12.4.5 The SNS View

12.5 HESS Cash Systems GmbH

12.5.1 Company Overview

12.5.2 Financials

12.5.3 Product/ Services Offered

12.5.4 SWOT Analysis

12.5.5 The SNS View

12.6 Hitachi-Omron Terminal Solutions, Corp.

12.6.1 Company Overview

12.6.2 Financials

12.6.3 Product/ Services Offered

12.6.4 SWOT Analysis

12.6.5 The SNS View

12.7 NCR Corporation

12.7.1 Company Overview

12.7.2 Financials

12.7.3 Product/ Services Offered

12.7.4 SWOT Analysis

12.7.5 The SNS View

12.8 Source Technologies

12.8.1 Company Overview

12.8.2 Financials

12.8.3 Product/ Services Offered

12.8.4 SWOT Analysis

12.8.5 The SNS View

12.9 Triton Systems of Delaware, LLC.

12.9.1 Company Overview

12.9.2 Financials

12.9.3 Product/ Services Offered

12.9.4 SWOT Analysis

12.9.5 The SNS View

12.10 OKI Electric Industry Co., Ltd.

12.10.1 Company Overview

12.10.2 Financials

12.10.3 Product/ Services Offered

12.10.4 SWOT Analysis

12.10.5 The SNS View

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share Analysis

13.3 Recent Developments

13.3.1 Industry News

13.3.2 Company News

13.3.3 Mergers & Acquisitions

14. USE Cases and Best Practices

15. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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