Global ATM Market to Reach USD 36.3 Billion by 2033, Augmented by Development of Advanced Security Features

October 29, 2024 | Technology & Media

According to the latest report by IMARC Group, titled “ATM Market Report by Solution (Deployment Solutions, Managed Services), Screen Size (15” and Below and Above 15”), Application (Withdrawals, Transfers, Deposits), ATM Type (Conventional/Bank ATMs, Brown Label ATMs, White Label ATMs, Smart ATMs, Cash Dispensers), and Region 2025-2033” the global ATM market size reached USD 24.4 Billion in 2024. An automated teller machine (ATM) is an electronic banking device that provides numerous benefits to both individuals and financial institutions. It is an integral part of modern banking, offering convenience, accessibility, and efficiency to users worldwide. It allows users to perform a variety of banking transactions, such as withdrawing cash, checking account balances, depositing funds, and transferring money between accounts. It is widely accessible and constructed in various locations, including banks, shopping centers, gas stations, and even remote areas to ensure that users can access their funds and perform transactions conveniently, regardless of their location.


Global ATM Market Trends:

At present, many people prefer cash for various transactions despite the rise of digital payments and electronic transactions, which, in turn, represents one of the key factors supporting the growth of the market. Besides this, ATMs serve as a critical tool for providing banking services to remote and underserved areas, enabling individuals to access their funds conveniently. In addition, technological advancements, including the integration of biometric authentication, contactless card readers, and mobile banking capabilities to enhance security and offer a more seamless user experience are bolstering the growth of the market. Moreover, people appreciate the ability to access cash and conduct various banking transactions outside traditional banking hours, which is catalyzing the demand for ATM around the world. Additionally, the ongoing development of advanced security features, such as anti-skimming technology and real-time monitoring, is crucial in combating fraud and ensuring the safety of ATM transactions. Looking forward, the market value is projected to reach USD 36.3 Billion by 2033, expanding at a CAGR of 4.06% during 2025-2033.


Market Summary:

  • Based on the solution, the market has been classified into deployment solutions (onsite ATMs, offsite ATMs, work site ATMs, and mobile ATMs) and managed services. At present, deployment solutions represent the largest market share. 
  • On the basis of the screen size, the market has been bifurcated into 15" and below and above 15".
  • Based on the application, the market has been divided into withdrawals, transfers, and deposits. Presently, withdrawals account for the largest market share. 
  • On the basis of the ATM type, the market has been segregated into conventional/bank ATMs, brown label ATMs, white label ATMs, smart ATMs, and cash dispensers. Brown label ATMs currently dominate the market, holding the largest share. 
  • Region-wise, the market has been segmented into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Amongst these, Asia Pacific enjoys the leading position in the market. 
  • The competitive landscape of the market has also been examined, with some of the key players being Diebold Inc., 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, and Brink's Company. 


Report Coverage:

Report Features Details
Base Year of the Analysis 2024
Historical Period 2019-2024
Forecast Period 2025-2033
Units Billion USD
Scope of the Report Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
  • Solution
  • Screen Size
  • Application
  • ATM Type
  • Region
Solutions Covered
  • Deployment Solutions: Onsite ATMs, Offsite ATMs, Work Site ATMs, Mobile ATMs
  • Managed services
Screen Sizes Covered 15” and Below and Above 15”
Applications Covered Withdrawals, Transfers, Deposits
ATM Types Covered Conventional/Bank ATMs, Brown Label ATMs, White Label ATMs, Smart ATMs, Cash Dispensers
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Diebold Inc., 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, etc.
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Global ATM Market to Reach USD 36.3 Billion by 2033, Augmented by Development of Advanced Security Features
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