Conventional Bank Automated Teller Machine Market Report 2025

The conventional bank automated teller machine market size has grown strongly in recent years. It will grow from $26.92 billion in 2024 to $28.4 billion in 2025 at a compound annual growth rate (CAGR) of 5.5%. The growth during the historic period is attributed to increasing cash usage in developing regions, expansion of bank branches, rising consumer dependence on ATM services, greater deployment of off-site ATMs, and a growing preference for self-service banking.

The conventional bank automated teller machine market size is expected to see strong growth in the next few years. It will grow to $34.7 billion in 2029 at a compound annual growth rate (CAGR) of 5.1%. In the forecast period, growth is expected to be driven by rising demand for secure cash withdrawals, a shift toward multifunctional ATMs, increased focus on operational efficiency in banking, expansion of financial inclusion programs, and government initiatives promoting digital banking services. Key trends include advancements in biometric authentication, innovations in cardless ATM transactions, progress in remote monitoring and maintenance, investments in artificial intelligence integration, and research into energy-efficient ATM technologies.

The increasing demand for cash transactions is expected to drive the growth of the conventional bank automated teller machine (ATM) market in the coming years. Cash transactions involve payments made using physical currency, such as coins or banknotes, rather than digital or electronic methods. This demand is particularly rising in rural areas where access to digital infrastructure is limited and internet connectivity is often unreliable, making cash a more reliable option for daily purchases. Conventional bank ATMs play a crucial role by allowing users to conveniently withdraw or deposit physical cash without needing to visit a bank branch. For example, in January 2025, CashEssentials, a Greece-based independent think tank, reported approximately 32.8 million cash withdrawals across its network of 1,260 ATMs and 605 branches in 2024, marking a 10% increase compared to 2023. Therefore, the growing preference for cash transactions is contributing to the expansion of the conventional bank ATM market.

Key players in the conventional bank automated teller machine (ATM) market are introducing advanced solutions such as upgradable ATMs to enhance functionality, lower operational costs, and address evolving customer and regulatory requirements. Upgradable ATMs are modular machines that can be enhanced with new hardware or software features, enabling banks to adapt to changing technologies and customer demands without needing to replace the entire unit. For instance, in April 2024, Hitachi Payment Services Ltd., a Japan-based payment solutions provider, launched India’s first upgradable ATM. This machine initially supports cash withdrawal services and can be upgraded to a high-performance cash recycling machine (CRM) within approximately four hours. This approach eliminates the expensive and time-consuming need to replace ATMs, allowing banks to protect their investments and expand services - such as cash deposits at non-branch locations - based on market needs. Developed under the Make in India initiative, these ATMs also support UPI-based cash withdrawals and deposits, aligning with recent RBI policies, thereby increasing banking flexibility and promoting financial inclusion in underserved areas.

In April 2025, BRIDGE Bank, a US-based investment bank offering business banking products and services, partnered with BTI Payments Cambodia to improve ATM and self-service banking services. This collaboration aims to enhance and expand BRIDGE Bank’s ATM infrastructure by deploying advanced technologies, boosting service availability, and delivering a more convenient, efficient, and seamless digital banking experience to customers through innovative and reliable ATMs and support services. BTI Payments Cambodia is a local company specializing in financial services, particularly in the deployment and management of ATMs.

Major players in the conventional bank automated teller machine market are Hitachi Ltd., Fujitsu Limited, NCR Corporation, Diebold Nixdorf Incorporated, Euronet Worldwide Inc., Tietoevry Corporation, OKI Electric Industry Co. Ltd., Genmeg Inc., Hyosung TNS Inc., ACI Worldwide Inc., GRG Banking Equipment Co. Ltd., KEBA AG, Nautilus Hyosung America Inc., Auriga SpA, KAL ATM Software GmbH, Sigma S.p.A, Vortex Engineering Pvt Ltd, Automated Transaction Delivery Ltd., Ark Technologies Group, CMS Info Systems Ltd., Triton Systems of Delaware LLC, and Puloon Technology Co. Ltd.

North America was the largest region in the conventional bank automated teller machine market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in conventional bank automated teller machine report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the conventional bank automated teller machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s recommendations and conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the financial sector, particularly in investment strategies and risk management. Heightened tariffs have fueled market volatility, prompting cautious behavior among institutional investors and increasing demand for hedging instruments. Banks and asset managers are facing higher costs associated with cross-border transactions, as tariffs disrupt global supply chains and dampen corporate earnings, key drivers of equity market performance. Insurance companies, meanwhile, are grappling with increased claims risks tied to supply chain disruptions and trade-related business losses. Additionally, reduced consumer spending and weakened export demand are constraining credit growth and investment appetite. The sector must now prioritize diversification, digital transformation, and robust scenario planning to navigate the heightened economic uncertainty and protect profitability.

A conventional bank automated teller machine (ATM) is a computerized banking terminal installed by financial institutions that enables customers to access their bank accounts securely using a card and personal identification number. It functions as an independent, self-contained system operating within the bank’s network to verify users and execute financial transactions without requiring staff assistance.

The main categories of conventional bank automated teller machines (ATM) include stand-alone ATMs, wall-mounted ATMs, and floor-standing ATMs. Stand-alone ATMs are self-sufficient machines that function independently without needing to be integrated into a wall or structure. These machines consist of various components such as hardware, software, and services, and support multiple transaction types including cash withdrawals, balance inquiries, fund transfers, bill payments, and check deposits. They incorporate different technologies such as conventional ATMs, semi-interactive ATMs, fully interactive ATMs, contactless ATMs, and mobile-integrated ATMs, serving a wide range of end users in banking, retail, government, healthcare, and other sectors.

The conventional bank automated teller machines market research report is one of a series of new reports that provides conventional bank automated teller machines market statistics, including conventional bank automated teller machines industry global market size, regional shares, competitors with a conventional bank automated teller machines market share, detailed conventional bank automated teller machines market segments, market trends and opportunities, and any further data you may need to thrive in the conventional bank automated teller machines industry. This conventional bank automated teller machines market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The conventional bank automated teller machine market consists of revenues earned by entities by providing services such as cash withdrawal, balance inquiry, mini statement, fund transfer, and cash deposit. The market value includes the value of related goods sold by the service provider or included within the service offering. The conventional bank automated teller machine market also includes sales of banknotes, transaction receipts, mini statement printouts, and cheque deposit envelopes. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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