ATM Market Research: Data-Driven Insights for 2024

Automated Teller Machines (ATMs) have revolutionized banking by providing convenient, round-the-clock access to financial services such as cash withdrawals, deposits, fund transfers, and account inquiries. They play a crucial role in enhancing banking accessibility, efficiency, and customer convenience worldwide.
The global ATM market is expected to grow significantly, driven by factors such as technological advancements, increasing digitalization in banking, and the growing demand for self-service options. From 2024 to 2031, the market is projected to expand at a steady CAGR of 7.2%, with the market size estimated to increase from US$22.8 billion in 2023 to US$35.6 billion by the end of 2031.