Bank Self-Service Machine Market Report 2025

The bank self-service machine market size has grown strongly in recent years. It will grow from $3.29 billion in 2024 to $3.54 billion in 2025 at a compound annual growth rate (CAGR) of 7.6%. The growth during the historical period was driven by increasing customer preference for self-service, expanding adoption of ATM networks, rising banking automation, growing demand for 24/7 access to banking, and the implementation of financial inclusion initiatives.

The bank self-service machine market size is expected to see strong growth in the next few years. It will grow to $4.68 billion in 2029 at a compound annual growth rate (CAGR) of 7.3%. The growth during the forecast period is expected to be driven by rising demand for contactless transactions, increasing focus on branch automation, growing integration of AI in ATMs, greater emphasis on customer convenience, and expanding adoption of biometric authentication. Key trends in this period include advancements in cash recycling technology, development of cloud-based ATM management systems, innovations in biometric-enabled self-service machines, progress in real-time transaction analytics, and the creation of multi-functional kiosk systems.

The rising demand for cash transactions is driving the growth of the bank self-service machine market due to limited digital access in rural areas. Cash transactions, using physical currency such as coins and banknotes, remain essential where digital infrastructure is unreliable or internet connectivity is poor. Bank self-service machines, such as ATMs and kiosks, enable customers to deposit and withdraw cash independently, providing convenient 24/7 access and reducing wait times. For example, in January 2025, CashEssentials reported approximately 32.8 million cash withdrawals across 1,260 ATMs and 605 branches in 2024, marking a 10% increase from 2023.

Innovations in automated self-service payment solutions are transforming bank self-service machines by enhancing transaction speed, improving convenience, and reducing reliance on in-branch staff. Automated self-service payment solutions allow customers to conduct payments and financial transactions independently using advanced devices. In November 2024, Nayax Ltd. launched its VPOS Touch solution in El Salvador, enabling secure contactless, mobile, QR, and EMV transactions at unattended machines, expanding cashless commerce and improving customer loyalty across malls, offices, hospitals, and transport hubs.

In June 2025, SEDCO Holding Company partnered with S2M to introduce AI-enabled machines capable of instant card issuance, enhancing customer convenience, streamlining banking operations, and providing secure 24/7 access. This initiative reflects a trend toward intelligent, automated banking infrastructure to meet evolving customer expectations and operational efficiency needs.

Major players in the bank self-service machine market are Fujitsu Limited, Toshiba Corporation, HESS Cash Systems GmbH & Co. KG, Inspur Group Co. Ltd., NCR Corporation, Worldline SA, Diebold Nixdorf Inc., Euronet Worldwide Inc., Verifone Systems Inc., Oki Electric Industry Co. Ltd., Hyosung TNS Inc., Glory Limited, Hitachi Payment Services Pvt. Ltd., GRG Banking Equipment Co. Ltd., Nautilus Hyosung Inc., PAX Technology Limited, Nayax Ltd., KAL ATM Software GmbH, Triton Systems LLC, and Wincor Nixdorf International GmbH.

North America was the largest region in the bank self-service machine market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in bank self-service machine report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the bank self-service 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 swift increase in U.S. tariffs and the ensuing trade tensions in spring 2025 are significantly affecting the machinery sector by increasing costs for steel, hydraulic systems, and precision bearings critical components often imported from tariff-affected regions. Manufacturers of construction, agricultural, and industrial machinery now face squeezed margins, as many long-term contracts prevent immediate price adjustments. The uncertainty has also delayed investment in automation and smart machinery technologies, slowing productivity gains. To adapt, firms are accelerating local supplier development, redesigning products to use alternative materials, and leveraging predictive maintenance to extend equipment lifespans amid higher replacement costs.

Bank self-service machines are automated devices offered by banks that enable customers to carry out various banking transactions independently, without assistance from bank staff. These machines are designed to provide a secure, efficient, and seamless banking experience, allowing users to access essential services anytime, thereby improving convenience and reducing dependence on traditional in-branch interactions.

The main types of bank self-service machines include automated teller machines (ATMs), cash deposit machines (CDMs), interactive kiosks, bill payment machines, and multi-function machines (MFMs). ATMs are unattended electronic devices that allow authorized users to perform banking tasks such as cash withdrawals, balance inquiries, deposits, and fund transfers without a teller. These machines incorporate technologies such as traditional systems, contactless technology, blockchain, AI integration, and biometrics, and can be deployed on-premises, via cloud, or in hybrid models. Applications include cash withdrawal, account balance checks, fund transfers, bill payments, and account opening, serving end users across retail banking, commercial banking, investment banking, credit unions, and microfinance institutions.

The bank self-service machine market research report is one of a series of new reports that provides bank self-service machine market statistics, including bank self-service machine industry global market size, regional shares, competitors with a bank self-service machine market share, detailed bank self-service machine market segments, market trends and opportunities, and any further data you may need to thrive in the bank self-service machine industry. This bank self-service machine 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 bank self-service machine market consists of sales of passbook printers, cash recycling machines, currency validators and dispensers, and biometric authentication devices. 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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