ATM Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Solution (Deployment Solutions, Managed Services), By ATM Type (Conventional/Bank ATMs, Brown Label ATMs, White Label ATMs, Smart ATMs, Cash Dispensers), By Application (Withdrawals, Transfers, Deposits), By Region & Competition, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 27.04 Billion
CAGR (2026-2031)	5.73%
Fastest Growing Segment	Deployment Solutions
Largest Market	Asia Pacific
Market Size (2031)	USD 37.77 Billion

Market Overview

The Global ATM Market will grow from USD 27.04 Billion in 2025 to USD 37.77 Billion by 2031 at a 5.73% CAGR. An Automated Teller Machine functions as an electronic telecommunications device that enables customers of financial institutions to perform transactions such as cash withdrawals, deposits, and fund transfers at any time without requiring direct interaction with bank staff. The primary drivers supporting market growth include the strategic necessity for banks to reduce operational overhead through off-site self-service terminals and the enduring demand for cash liquidity in emerging economies where digital infrastructure remains under development. Furthermore, the continuous initiative to extend financial services to underbanked regions sustains the deployment of these units as critical access points for the global population.

However, the market confronts a significant challenge in the form of rapid digital payment adoption which systematically reduces the frequency of physical cash transactions and threatens the revenue models of legacy networks. This shift is particularly acute in mature economies where consumers increasingly prefer contactless alternatives over currency. According to UK Finance, in 2024, cash transactions accounted for only 9 percent of all payments in the United Kingdom, illustrating the substantial pressure that the migration toward cashless banking places on the traditional ATM industry.

Key Market Drivers

The Proliferation of Cash Recycling and Deposit Automation acts as a primary catalyst for market evolution, enabling financial institutions to migrate routine counter transactions to self-service terminals. This shift allows banks to optimize branch footprints and reduce operational costs while maintaining physical touchpoints for deposits. The demand for these versatile machines is particularly strong in markets where upgrading legacy hardware is essential to support efficiency. For instance, according to Hitachi Payment Services, April 2024, in the press release regarding the launch of their Upgradable ATM, the company estimates a potential market of approximately 100,000 Upgradable ATMs in India over the next eight years, highlighting the massive investment in adaptable infrastructure that supports both withdrawal and automated deposit functions.

Simultaneously, Sustained Cash Reliance in Emerging Economies ensures the continued relevance of ATM networks despite the rapid expansion of digital payment ecosystems. In these high-growth regions, the absolute volume of currency in circulation continues to rise, necessitating robust dispensing infrastructure to service large populations that depend on physical money for daily commerce. According to Swarajya, November 2024, in the article 'ATM Numbers Shrink Despite Record Cash Circulation', the amount of cash in circulation in India surged to Rs 34.70 lakh crore, marking a 100 percent rise since demonetization. This growth compels operators to maintain accessibility. Furthermore, resilience is evident even in mature markets; according to LINK, January 2025, consumers withdrew a total of £79.5 billion from the network's cash machines in 2024, demonstrating that the global ATM market remains underpinned by significant transaction values.

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Key Market Challenges

The rapid proliferation of digital payment alternatives presents a fundamental structural impediment to the expansion of the Global ATM Market. As consumers in mature economies increasingly migrate toward contactless cards and mobile wallet ecosystems, the functional necessity of physical currency for daily commerce significantly declines. This reduction in cash dependency directly correlates with falling transaction volumes at self-service terminals, which strikes at the core of the industry’s revenue generation model. Because the profitability of an ATM network relies heavily on the frequency of withdrawal fees and interchange revenue, a sustained drop in user engagement renders many off-site locations economically unviable, forcing operators to decommission underperforming units rather than expand their fleets.

This displacement of currency is evident in recent industry data. According to the Australian Banking Association, in 2024, the total value of mobile wallet transactions surpassed ATM cash withdrawals for the first time, while the proportion of transactions made using cash fell to 7.5 percent. Such a pronounced shift illustrates how the convenience of digital channels is cannibalizing the traditional market share of cash dispensing services, thereby limiting the potential for network expansion and compelling a contraction in the installed base of terminals.

Key Market Trends

The Integration of Cryptocurrency Exchange Features is reshaping the functional landscape of the Global ATM Market, transforming terminals from simple cash dispensers into bidirectional fiat-to-crypto bridges. This trend is driven by Independent ATM Deployers (IADs) who are aggressively expanding their physical footprints to capture the growing demand for accessible digital asset entry points, effectively bypassing traditional banking infrastructure. This expansion strategy is evident in the rapid deployment of specialized kiosks that facilitate seamless conversion between physical currency and blockchain assets. According to Bitcoin Depot, July 2024, in the press release 'Bitcoin Depot Exceeds Goal Deploying of 8,000 Bitcoin ATMs Five Months Ahead of Schedule', the company successfully expanded its fleet to over 8,180 kiosks, demonstrating the tangible acceleration of this hybrid financial infrastructure within the broader self-service market.

The Deployment of Smart ATMs with Multifunctional Capabilities is accelerating as operators prioritize software longevity and enhanced processing power to support next-generation services. As financial institutions face the obsolescence of legacy operating systems, there is a coordinated migration toward advanced platforms that ensure security compliance while enabling features such as video banking and complex integrations. This technological pivot ensures that the installed base remains relevant by adopting adaptable software architectures capable of sustaining long-term operational standards. According to Diebold Nixdorf, August 2024, in the press release 'Diebold Nixdorf First ATM Solution Provider to Support Microsoft® Windows 11', the company announced it became the first solution provider to support the Windows 11 IoT Enterprise LTSC 2024 operating system on its DN Series devices, securing support through 2034 and marking a critical shift toward future-proofing global ATM networks.

Segmental Insights

The Deployment Solutions segment is recognized as the fastest-growing category within the Global ATM Market, driven by the strategic expansion of off-site banking infrastructure. Financial institutions are increasingly installing ATMs in high-traffic locations such as retail centers and transportation hubs to extend service reach and alleviate congestion at physical branches. Additionally, global financial inclusion initiatives are accelerating the deployment of terminals in underserved and rural regions to provide essential cash access. This growth is further sustained by the rising adoption of multifunctional ATMs, which necessitate comprehensive installation and connectivity services to ensure seamless, automated transaction capabilities for diverse customer bases.

Regional Insights

Asia Pacific holds the largest share of the Global ATM market, driven primarily by extensive efforts to expand financial inclusion in emerging economies such as China and India. Centralized mandates from institutions like the People’s Bank of China and the Reserve Bank of India encourage the deployment of banking terminals in previously underserved rural and semi-urban locations. Furthermore, the rising volume of international tourism across the region creates sustained demand for accessible cash withdrawal and currency exchange services. These factors collectively establish the region as the dominant hub for automated teller machine deployment.

Recent Developments

• In September 2025, OKI Electric Industry Co., Ltd. finalized a partnership with Lipi Data Systems Ltd. to begin the local production of ATMs within India. The collaboration involved setting up a manufacturing line at a facility in Udaipur to produce high-quality cash-handling terminals for major Indian financial institutions. The operation commenced with a monthly production capacity of 500 units, with strategic plans to increase this output to 1,000 units to meet rising market demand. This joint venture combines advanced Japanese manufacturing technology with local expertise to deliver cost-effective and reliable banking infrastructure solutions.
• In December 2024, Diebold Nixdorf successfully deployed the Microsoft Windows 11 IoT Enterprise LTSC 2024 operating system on live ATMs, marking a significant industry breakthrough. This implementation was executed in collaboration with Eurasian Bank and Kapital Bank in Central Asia, integrating the new OS with the company’s DN Series recyclers. The upgrade ensures that the terminals meet the latest security and regulatory compliance standards while extending the operational lifespan of the hardware. The move demonstrates a commitment to providing financial institutions with a stable, future-proof software foundation that enhances the speed and security of consumer transactions.
• In October 2024, Hyosung Americas announced a strategic collaboration with eGlobal to launch a pilot program for the Pivot ATM, a new retail cash-recycling terminal. This advanced machine integrates the company's proprietary API-based platform to support diverse transactions, including bill payments and global money transfers, directly at the kiosk. The pilot was initiated in select convenience stores and hotels across the western United States to test the enhanced functionality. This partnership aims to redefine the role of retail ATMs by turning them into comprehensive financial service points that generate new revenue opportunities for store operators.
• In April 2024, Hitachi Payment Services launched India's first upgradable ATM, a terminal designed to be transformed into a Cash Recycling Machine (CRM) at any stage of its lifecycle. This innovative product allows financial institutions to install a cash dispenser initially and enable deposit functions later without replacing the hardware. Manufactured domestically, the machine supports the "Make in India" initiative and offers banks greater flexibility in managing their self-service networks. The company projects a potential market of approximately 100,000 of these upgradable units over the coming eight years, enabling significant operational efficiency for the banking sector.

Key Market Players

• Diebold Nixdorf, Inc
• NCR Atleos Corporation
• Hitachi Channel Solutions, Corp
• Hyosung TNS Incorporation
• Triton Systems of Delaware, LLC
• Euronet Worldwide, Inc
• GRG Banking Equipment Co., Ltd
• Fujitsu Limited
• HESS Cash Systems GmbH
• KEBA Group AG

By Solution	By ATM Type	By Application	By Region
Deployment Solutions Managed Services	Conventional/Bank ATMs Brown Label ATMs White Label ATMs Smart ATMs Cash Dispensers	Withdrawals Transfers Deposits	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global ATM Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• ATM Market, By Solution:

• Deployment Solutions
• Managed Services

• ATM Market, By ATM Type:

• Conventional/Bank ATMs
• Brown Label ATMs
• White Label ATMs
• Smart ATMs
• Cash Dispensers

• ATM Market, By Application:

• Withdrawals
• Transfers
• Deposits

• ATM Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE