Conventional Bank Automated Teller Machine Market Report 2026

The conventional bank automated teller machine market size has grown strongly in recent years. It will grow from $28.4 billion in 2025 to $29.91 billion in 2026 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to expansion of retail banking networks, rising demand for self-service banking channels, increased urban and semi-urban atm installations, improvements in transaction processing systems, widespread card-based banking usage.

The conventional bank automated teller machine market size is expected to see strong growth in the next few years. It will grow to $36.42 billion in 2030 at a compound annual growth rate (CAGR) of 5%. The growth in the forecast period can be attributed to increasing demand for secure cash access points, rising investments in atm modernization, expansion of hybrid physical-digital banking models, growing focus on fraud prevention technologies, continued need for financial inclusion infrastructure. Major trends in the forecast period include increasing deployment of contactless atm interfaces, rising integration of advanced security features, growing adoption of software-driven atm upgrades, expansion of multi-function atm capabilities, enhanced focus on network reliability and uptime.

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 companies operating 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., Genmega 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, Puloon Technology Co. Ltd.

North America was the largest region in the conventional bank automated teller machine market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the conventional bank automated teller machine market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the conventional bank automated teller machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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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