Global ATM Market to Reach US$ 34.4 Billion by 2032, Augmented by Development of Advanced Security Features

December 13, 2023 | 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 2024-2032” the global ATM market size reached US$ 23.3 Billion in 2023. 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 US$ 34.4 Billion by 2032, expanding at a CAGR of 4.3% during 2024-2032.


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 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

134 N 4th St.
Brooklyn, NY 11249, USA
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global ATM Market to Reach US$ 34.4 Billion by 2032, Augmented by Development of Advanced Security Features
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-714-6104


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More