Australia ATM Market

Australia ATM Market Overview:

The Australia ATM market size reached USD 683.2 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 992.0 Million by 2033, exhibiting a growth rate (CAGR) of 3.80% during 2025-2033. The market is witnessing significant growth, driven by the shift toward cashless transactions and declining ATM usage and adoption of smart and multi-function ATMs.

Australia ATM Market Trends:

Shift Toward Cashless Transactions and Declining ATM Usage

The Australian ATM market is undergoing a significant transformation as consumer preferences shift toward digital and contactless payment methods. The widespread adoption of mobile wallets, online banking, and tap-and-go payments has led to a steady decline in ATM withdrawals and cash transactions. For instance, in December 2024, New RBA data reveals Australians increasingly prefer mobile wallets, with over 500 million payments totaling $20 billion made in October, marking the first inclusion of newer payment technology in monthly reports. Cash and ATM services were also reduced when it became evident from Australian reports that digital banking had increased to reduce ATM usage as customers changed their preferences over a decade. The most reduction is observed in urban areas where there are alternative payment methods, especially for independent ATM operators. Most rural and open areas use ATMs for cash access, with urban people depending on the use of cards and e-wallets. Banks and financial service providers are investing heavily in expanding the digital payment infrastructure, enhancing mobile banking capabilities, and investing in cybersecurity. Thus, the ATM market is expected to continue consolidating in Australia, where fewer, mostly multi-functional ATMs will be available for their banking customers, on top of cash withdrawals.

Adoption of Smart and Multi-Function ATMs

Despite the decline in traditional ATM usage, the Australian market is witnessing an increasing demand for smart and multi-function ATMs that offer expanded financial services. Banks and independent operators are upgrading ATMs with advanced features, such as cash deposit capabilities, biometric authentication, cardless withdrawals via mobile apps, and real-time bill payments. These modern ATMs enhance customer convenience by allowing users to conduct a wide range of banking transactions without visiting a physical branch. For instance, Australians withdrew $106.85 billion from ATMs between October 23, 2023, and September 24, 2024, according to RBA data. Financial institutions are leveraging smart ATM technology to optimize operational efficiency and reduce reliance on brick-and-mortar branches, particularly regional and suburban areas where full-service branches may not be feasible. Additionally, enhanced security measures, including anti-skimming technology, facial recognition, and encryption-based authentication, are being integrated to combat ATM fraud and cyber threats. The adoption of Artificial Intelligence (AI) and data analytics in ATM networks is also improving predictive maintenance, reducing downtime, and enhancing user experience. As consumer expectations evolve, banks are positioning smart ATMs as a bridge between traditional banking and digital financial services, ensuring accessibility while catering to the growing demand for seamless and secure transactions. This trend is expected to shape the future of Australia’s ATM landscape, balancing digital transformation with physical banking infrastructure.

Australia ATM Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region level for 2025-2033. Our report has categorized the market based on solution, screen size, application, and ATM type.

Solution Insights:

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

The report has provided a detailed breakup and analysis of the market based on the solution. This includes deployment solutions (onsite ATMs, offsite ATMs, work site ATMs, and mobile ATMs) and managed services.

Screen Size Insights:

• 15" and Below
• Above 15"

A detailed breakup and analysis of the market based on the screen size have also been provided in the report. This includes 15" and below and above 15".

Application Insights:

• Withdrawals
• Transfers
• Deposits

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes withdrawals, transfers, and deposits.

ATM Type Insights:

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

A detailed breakup and analysis of the market based on the ATM type have also been provided in the report. This includes conventional/bank ATMs, brown label ATMs, white label ATMs, smart ATMs, and cash dispensers.

Regional Insights:

• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia

The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Australia ATM Market News:

• In February 2025, Backbase, a global leader in Engagement Banking, partnered with MeaWallet to enhance digital payments. This collaboration introduces Mea Push Provisioning for rapid digital wallet deployment and Mea Card Data for secure in-app card access, ensuring seamless, secure banking experiences for financial institutions in Australia.
•  In May 2024, Macquarie Bank will discontinue cash and cheque services at branches, transitioning to a fully digital model for safer, faster, and more convenient banking.

Australia ATM Market Report Coverage:

Key Questions Answered in This Report:

• How has the Australia ATM market performed so far and how will it perform in the coming years?
• What is the breakup of the Australia ATM market on the basis of solution?
• What is the breakup of the Australia ATM market on the basis of screen size?
• What is the breakup of the Australia ATM market on the basis of application?
• What is the breakup of the Australia ATM market on the basis of ATM type?
• What is the breakup of the Australia ATM market on the basis of region?
• What are the various stages in the value chain of the Australia ATM market? 
• What are the key driving factors and challenges in the Australia ATM?
• What is the structure of the Australia ATM market and who are the key players?
• What is the degree of competition in the Australia ATM market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia ATM market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia ATM market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia ATM industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.