Introduction:

ATM Machine Market was valued at US$ 23.2 billion in 2024 and is projected to grow at a CAGR of 5.3% to reach US$ 37.1 billion by 2034.

An ATM Machine, is an electronic banking device used so that users may conduct a variety of financial transactions electronically and without the assistance of a human teller. Banks, shops, and other easily accessible places frequently have these self-service machines. By providing basic services like cash withdrawals, account balance queries, money transfers between accounts, and bill payment, ATMs make life easier for its users. ATMs are mostly held by financial institutions and organizations, however they can also be purchased or leased by private people, small enterprises, or franchises.

Demand for money has expanded due to easy access to cash, speedy cash withdrawals, and a growth in both online and offline buying. As a result, this demand is what propels the worldwide market. Initiatives by the government to encourage capital flow are also contributing to the market's expansion. They also provide a way for visitors from other countries to exchange their local currency for the current one. The market is expanding as a result of the growing demand for multifunctional ATMs around the globe. In addition, financial institutions and individual vendors are concentrating on modernizing their infrastructure by implementing cardless transactional features like biometric authentication and one-time access codes. This is done to improve security and convenience and provide customers with a seamless, customized banking experience. In the upcoming years, this will have a big effect on how the worldwide market grows.

On the down side, the market's expansion is being hindered by the rise in point-of-sale terminals, the rising inclination towards online money transfers, and the expanding use of electronic wallets, or e-payment services, especially in developed and rapidly developing nations.
The market for ATMs has a lot of room to expand because of new technology, tighter security regulations, and deliberate efforts to increase financial inclusion. Maintaining market relevance and development in spite of the obstacles presented by the growing number of digital transactions depends on finding a balance between meeting a variety of customer demands and keeping up with technology advancements. Maintaining the ATM Machine market's long-term viability will need it to adjust to changing consumer demands and market conditions.

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

ATM Machine Market Key Drivers:

• ATMs Offer Ease and Convenience

ATMs offer 24/7 access to cash and financial services, in contrast to regular banking hours. This convenience serves customers with hectic schedules who need flexibility when making purchases. Furthermore, to provide accessibility for a diverse spectrum of customers, ATMs are positioned strategically in a variety of locales, such as business hubs, remote regions, and metropolitan centers. Customers who might not have instant access to physical bank branches at their chosen hours are greatly benefited by this accessibility.

• ATMs' multifunctional features

The versatility of ATMs is one of the main reasons propelling the market expansion. They provide an alternative to these services since the banking sector is expanding and there is a rise in demand to handle the expansion of banking-related services and inquiries. They provide a quicker method of utilizing banking services and facilities outside of a bank's regular business hours. They are capable of carrying out a variety of tasks, including both financial and non-financial services. For example, unlike banks, clients may readily take cash from ATMs at any time and location that is convenient for them. As a result, these diversity of functions has contributed to the global ATM market's growth. Consequently, throughout the projected years, this is anticipated to propel the expansion of the worldwide market.

ATM Machine Market Restrains:

• Competition from online platforms

A growing number of conventional banks are beginning to provide their clients with online banking services that enable them pay using credit cards and electronic wallets, among other ways. As a result, there is intense competition between major banks and online payment companies like Apple Inc., Square Inc., and PayPal Holdings Inc. for market share. Because they are exempt from the transaction costs connected with typical point-of-sale systems, these businesses are able to provide low-cost transactions. They have an edge over banks since they don't have to raise prices to pay these costs.

ATM Machine Market Opportunities:

One area of growth for ATMs is the integration of new technologies like touch displays, QR codes, and contactless payments. These developments have made ATMs more adaptable and user-friendly, which enhances both their functionality and user experience. Quick and safe transactions made possible by QR codes and contactless billing reduce the amount of time spent at the ATM. The simple user interface of touch displays makes it easier for users to switch between various financial services. In addition to meeting the evolving needs of tech-savvy customers, these advancements enable the automated teller machine market to function as a single point of contact for a range of financial services, including bill payment, mobile payments, and even digital wallet transactions. By adapting to diverse technologies, the automated teller machine industry may continue to grow and remain relevant while meeting the changing demands of consumers.

ATM Machine Market is segmented based on Solution, Type and region:

Solution Insights:

• Deployment solutions:

Installing, configuring, testing, operating, and deploying an ATM comprise its deployment. The market is further divided into mobile ATMs, onsite, offsite, and workplace ATMs.

• Onsite ATMs:

These can be found within or next to the bank, so customers can utilize the ATM in addition to the actual branch. By eliminating lengthy lines inside banks for withdrawals, cash deposits, and transfers, these ATMs ease the workload on bank staff.

• Offsite ATMs:

These machines operate outside of conventional bank branches, in busy public spaces, shops, or independent kiosks. They have nothing to do with the actual physical branch of a certain bank.

• Work site ATMs:

These machines are set up in areas connected to certain workplaces, including business parks, industrial sites, or office buildings. These ATMs are positioned in a deliberate manner to benefit nearby workers or employees of a certain company.

• Mobile ATMs:

A mobile ATM is a transportable ATM system that is put in high-traffic areas like trade shows, parties, and sporting events in an intentional manner to minimize traffic. Mobile ATMs provide financial organizations more branding and advertising options while also offering flexibility.

• Other Managed Services:

Managed services enable financial institutions to shift their non-core operations to a skilled and specialized service provider, freeing them up to focus on their primary financial operations.

Among the segments mentioned above the one that dominated the market the most is the Deployment solutions segment because it is extensively used in bank premises and offers a variety of services such as site selection, installation, network connectivity setup, and continuous maintenance

Type Insights:

• Conventional/Bank ATMs:

Conventional/Bank ATMs are traditional ATMs that are handled by the financial institutions like banks that offer basic banking services such as withdrawing cash and bank account related inquiries.

• Brown label ATMs:

These ATMs are owned by private non-banking institutions but are branded by the financial institutions while sharing the infrastructure.

• White label ATMs:

These ATMs are independently owned and operated ATMs which are handled by the non-banking bodies which do not have any parent Bank branding.

• Smart ATMs:

Smart ATMs are advanced machines that offer many features like fund transfers, bill payments, and account statements.

• Cash Dispensers:

Cash dispensers are primarily focused on dispensing cash from the machine and some other additional features.

Among the segments mentioned above the one that dominated the market the most is the Brown label ATMs segment because they are more aware of the potential to widen financial inclusion, especially in rural regions. Also, the rising need for cash, as well as the requirement for more cost-effective ATM deployment, will cause brown-label ATMs to acquire market share throughout the projection period.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

ATM Machine Market Regional Insights

• North America market is estimated to witness a significantly large revenue share over the forecast period, owing to the growing requirement to eliminate manual processes and the ongoing technological developments taking place. Furthermore, most of the region's financial institutions are pushing ATM services and raising client awareness of their benefits.
• Asia Pacific market is estimated to witness largest revenue share due to the rising disposable incomes and expanding middle-class populations, which have increased demand for financial activities such as cash withdrawals and balance inquiries.
• Europe market finds lucrative market opportunities owing to the stringent regulatory standards and rising technologies like tightened security features in the ATM machines may give way to further market growth. 
• Latin America market is increasing gradually due to the rising banking services in the rural areas and increased digitalization in the urban areas. The market is affected by initiatives to close the financial inclusion gap and improve security.
• Middle East & Africa market is an emerging market owing to the growing popularity of mobile ATMs and reaching remote areas and the rising advanced banking infrastructure is compelling the market to grow in this region. 

Report Scope:

Attribute	Details
Market Size 2024	US$ 23.2 billion
Projected Market Size 2034	US$ 37.1 billion
CAGR Growth Rate	5.3%
Base year for estimation	2023
Forecast period	2024 – 2034
Market representation	Revenue in USD Billion & CAGR from 2024 to 2034
Market Segmentation	By Solution - Deployment solutions, Onsite ATMs, Offsite ATMs, Work site ATMs, Mobile ATMs and Other Managed Services. By Type - Conventional/Bank ATMs, Brown label ATMs, White label ATMs, Smart ATMs and Cash Dispensers.
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the ATM Machine Market report based on Solution, Type and region:

ATM Machine Market, By Solution:

• Deployment solutions
• Onsite ATMs
• Offsite ATMs
• Work site ATMs
• Mobile ATMs
• Other Managed Services

ATM Machine Market, By Type:

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

ATM Machine Market, By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating the ATM Machine Market includes, GRG Banking, Diebold Nixdorf, Incorporated., Hitachi-Omron Terminal Solutions, Corp, Triton Systems of Delaware LLC, NCR Corporation, Fujitsu Frontech Ltd., Nautilus Hyosung Corp., HESS Cash Systems GmBH & Co. KG, Tianma Micro-Electronics Co. Ltd., and Oki Electric Industry Co., Ltd.

Recent Development:

• In January 2023, Hitachi Terminal Solutions India increased its Bengaluru production capacity for cash recycling machines (CRMs). It enabled Hitachi to increase its 1,000 CRM/year production capacity by three times. CRMs function similarly to ATMs except that they let consumers deposit cash. Because of this, they are a more practical choice for those without bank accounts who need to make cash deposits.
• In February 2023, NCR Corporation, a corporate technology supplier, and Walgreens, a well-known worldwide pharmacy operator, extended and reaffirmed their long-term collaboration. Under the current agreement, NCR is still the provider of ATM services at almost every Walgreens store in the United States, Puerto Rico, and the District of Columbia.
• In June 2021, CaixaBank launched face recognition technology-equipped automated teller machines, doing away with the requirement for users to input their pins. For further security, the system has cameras and software that can recognize more than 16,000 points on the face of the user. In the near future, the business intends to roll out around 100 devices throughout Spain.
• In June 2020, Hyosung ATMs announced that they will employ Fujitsu's PalmSecure biometric authentication technology to offer a safe and easy way for customers to identify themselves. PalmSecure finds and examines the distinct vein patterns hidden beneath the user's palm's skin. To authenticate, a user only needs to place their hand two inches over the ATM sensor. The sensor uses near-infrared light to encrypt the data after capturing the palm vein pattern.

• GRG Banking*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Diebold Nixdorf, Incorporated.
• Hitachi-Omron Terminal Solutions, Corp
• Triton Systems of Delaware LLC
• NCR Corporation
• Fujitsu Frontech Ltd.
• Nautilus Hyosung Corp.
• HESS Cash Systems GmBH & Co. KG
• Tianma Micro-Electronics Co. Ltd.
• Oki Electric Industry Co., Ltd

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

1. Research Objective and Assumption
   • Research Objectives
   • Assumptions
   • Abbreviations
2. Market Purview
   • Report Description
     • Market Definition and Scope
   • Executive Summary
     • Market Snippet, By Solution
     • Market Snippet, By Type
     • Market Snippet, By Region
   • Opportunity Map Analysis
3. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
   • Market Trends
   • Merger and Acquisitions
   • Impact Analysis
   • PEST Analysis
   • Porter’s Analysis
4. Global ATM Machine Market, By Solution, 2019 – 2029, (US$ Mn)
   • Overview
     • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
     • Y-o-Y Growth Analysis (%), 2019 – 2029
     • Segment Trends
   • Deployment solutions
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
   •  Onsite ATMs
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
   • Offsite ATMs
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
   • Work site ATMs
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
   • Mobile ATMs
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
   • Other Managed Services

• Overview
• Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029

5. Global ATM Machine Market, By Type, 2019 – 2029, (US$ Mn)
   • Overview
     • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
     • Y-o-Y Growth Analysis (%), 2019 – 2029
     • Segment Trends
   • Conventional/Bank ATMs
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
   • Brown label ATMs
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
   • White label ATMs
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
   •  Smart ATMs
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
   • Cash Dispensers
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
6. Global ATM Machine Market, By Region, 2019 – 2029, (US$ Mn)
   • Overview
     • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
     • Y-o-Y Growth Analysis (%), 2019 – 2029
     • Regional Trends
   • North America
     • Market Size and Forecast (US$ Mn), By Solution, 2019 – 2029
     • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
     • Market Size and Forecast (US$ Mn), By Region, 2019 – 2029
       • U.S.
       • Canada
   • Europe
     • Market Size and Forecast (US$ Mn), By Solution, 2019 – 2029
     • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
     • Market Size and Forecast (US$ Mn), By Region, 2019 – 2029
       • Germany
       • UK
       • France
       • Russia
       • Italy
       • Rest of Europe
   • Asia Pacific
     • Market Size and Forecast (US$ Mn), By Solution, 2019 – 2029
     • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
     • Market Size and Forecast (US$ Mn), By Region, 2019 – 2029
       • China
       • India
       • Japan
       • South Korea
       • Rest of Asia Pacific
   • Latin America
     • Market Size and Forecast (US$ Mn), By Solution, 2019 – 2029
     • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
     • Market Size and Forecast (US$ Mn), By Region, 2019 – 2029
       • Brazil
       • Mexico
       • Rest of Latin America
   • Middle East & Africa
     • Market Size and Forecast (US$ Mn), By Solution, 2019 – 2029
     • Market Size and Forecast (US$ Mn), By Type, 2019 – 2029
     • Market Size and Forecast (US$ Mn), By Region, 2019 – 2029
       • GCC
       • Israel
       • South Africa
       • Rest of Middle East
7. Competitive Landscape
   • Heat Map Analysis
   • Company Profiles
     •  GRG Banking
       • Company Overview
       • Product Portfolio
       • Key Highlights
       • Financial Overview
     • Diebold Nixdorf, Incorporated.
       • Company Overview
       • Product Portfolio
       • Key Highlights
       • Financial Overview
     • Hitachi-Omron Terminal Solutions, Corp.
       • Company Overview
       • Product Portfolio
       • Key Highlights
       • Financial Overview
     • Triton Systems of Delaware LLC
       • Company Overview
       • Product Portfolio
       • Key Highlights
       • Financial Overview
     • NCR Corporation
       • Company Overview
       • Product Portfolio
       • Key Highlights
       • Financial Overview
     • Fujitsu Frontech Ltd.
       • Company Overview
       • Product Portfolio
       • Key Highlights
       • Financial Overview
     • Nautilus Hyosung Corp.
       • Company Overview
       • Product Portfolio
       • Key Highlights
       • Financial Overview
     • HESS Cash Systems GmBH & Co. KG
       • Company Overview
       • Product Portfolio
       • Key Highlights
       • Financial Overview
     • Oki Electric Industry Co., Ltd.
       • Company Overview
       • Product Portfolio
       • Key Highlights
       • Financial Overview
     • Intertech
       • Company Overview
       • Product Portfolio
       • Key Highlights
       • Financial Overview
   • Analyst Views
8. Section
   • Research Methodology
   • About Us
   • Contact