The Taiwan ATM market size reached USD 97.60 Million in 2024. Looking forward, the market is expected to reach USD 157.62 Million by 2033, exhibiting a growth rate (CAGR) of 4.91% during 2025-2033. The market is driven by expansion in cashless transactions, demand for advanced ATMs, and increasing financial inclusion initiatives. Payments through contactless means, integration of mobile banking, and advanced security components are propelling the Taiwan ATM market share considerably.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 97.60 Million |
Market Forecast in 2033 | USD 157.62 Million |
Market Growth Rate 2025-2033 | 4.91% |
Adoption of Contactless Payments and Digital Integration
The imperative of seamless and secure payment processes is moving Taiwan's ATM industry towards adopting contactless and digital technologies. Increasing adoption of mobile payments and e-wallets has made banks shift their ATMs to incorporate features such as contactless card readers and phone connectivity. This digital transformation reflects the consumer desire to have quicker and more secure transactions. With the growth in the usage of mobile wallets, banks are integrating them into the platforms of ATMs so that money can be transferred directly from digital wallets to ATMs for the withdrawal of cash. This blending of digital platforms is one of the key factors fuelling Taiwan's ATM market growth, positioning ATMs as multi-channel points of access in a more digitalized banking sector. For instance, in March 2024, Taiwan's Financial Supervisory Commission (FSC) introduced new digital asset regulations to enhance protection for investors. The draft bill will regulate digital asset markets, address fraud risks, and impose penalties on unlicensed virtual asset service providers. Taiwan aims to safeguard the stability of its financial system while overseeing crypto activities.
Expansion of ATM Networks in Underserved Areas
To address the needs of underserved and rural populations, Taiwan's financial institutions are expanding their ATM networks to reach more remote areas. For instance, the Ministry of Digital Affairs (moda) in Taiwan announced that from April 10, 2025, over 26,000 ATMs across 15 financial institutions will be available for citizens to withdraw NT$6,000 cash, 24/7. The ministry provided ATM location data for public use and welcomed non-governmental developers to create maps, enhancing accessibility. This initiative is part of a broader effort to increase financial inclusion and provide convenient access to banking services for individuals who may not have easy access to branches. The expansion into rural regions and non-traditional locations, such as retail stores and transportation hubs, is expected to drive further adoption of ATM services. With more strategic placements and increasing usage, this trend is crucial for Taiwan ATM market growth, offering greater access to financial services while reducing reliance on physical branches.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on solution, screen size, application, and ATM type.
Solution Insights:
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:
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:
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:
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:
The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Taiwan, Central Taiwan, Southern Taiwan, and Eastern Taiwan.
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.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Solutions Covered |
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Screen Sizes Covered | 15" and Below, 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 | Northern Taiwan, Central Taiwan, Southern Taiwan, Eastern Taiwan |
Customization Scope | 10% Free Customization |
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) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: