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Next-Gen ATM Market Growth From $3.78 Billion In 2026 To $5.39 Billion By 2030 At A CAGR Of 9.3%
The next-gen ATM market has demonstrated substantial growth in recent years. This market is forecast to increase from $3.49 billion in 2025 to $3.78 billion in 2026, achieving a compound annual growth rate (CAGR) of 8.5%. Historically, market expansion was propelled by factors such as the broadening of global ATM networks, a rising preference for self-service banking, the increased circulation of cash in developing regions, the introduction of fundamental ATM automation, and enhanced banking penetration.
The next-gen ATM market size is anticipated to experience substantial expansion over the upcoming years. It is projected to reach $5.39 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.3%. This expansion during the forecast period stems from factors such as increasing investments in smart ATM infrastructure, a growing demand for secure and personalized banking experiences, the broadening of omni-channel banking strategies, greater adoption of AI-enabled service automation, and an intensified focus on operational efficiency. Key developments expected within this period involve the rising deployment of contactless and cardless ATMs, an increase in the adoption of biometric authentication systems, the expanding integration of video banking features, the progression of remote monitoring and predictive maintenance capabilities, and a heightened emphasis on user-centric interface design.
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Next-Gen ATM Market Expansion Drivers: What’s Shaping Future Growth?
The expanding adoption of contactless payments is projected to fuel the growth of the next gen ATM market. These payments involve card-based or digital wallet transactions completed by users tapping or waving their device near a terminal, eliminating physical contact. The increasing popularity of contactless payments stems from consumer preference for swift, secure, and hygienic methods that reduce cash handling and physical PIN entry. Next gen ATMs support this trend by integrating contactless card and mobile wallet acceptance, allowing users to withdraw cash, check balances, and perform transactions with enhanced speed and convenience. For instance, in July 2024, the European Central Bank (ECB), a Germany-based central bank, reported that in the second half of 2023, contactless card payments grew by 16% to 23.2 billion when compared to the second half of 2022, with their total value climbing by 17.5% to €0.6 trillion, showcasing strong year-on-year growth in contactless transactions. Thus, the rise of contactless payments is a primary driver for the next gen ATM market’s expansion.
Next-Gen ATM Market Segment Analysis Spotlighting Growth Areas
The next-gen atm market covered in this report is segmented –
1) By Type: Cash Dispensers, Deposit ATMs, Cash Recycling ATMs, Self-Service ATMs, Mobile ATMs
2) By Solutions: Deployment, Managed Services
3) By Technology: Contactless, Voice Recognition, Biometrics, Video Banking, AI (Artificial Intelligence) And IoT (Internet of Things) Integration
4) By Application: Bank Service Agent, Bank, Retail
Subsegments:
1) By Cash Dispensers: Basic Cash Dispensers, High-Volume Cash Dispensers
2) By Deposit ATMs: Envelope Deposit ATMs, Bulk Note Deposit ATMs
3) By Cash Recycling ATMs: Single-Cassette Recycling ATMs, Multi-Cassette Recycling ATMs
4) By Self-Service ATMs: Cardless Self-Service ATMs, Interactive Self-Service ATMs
5) By Mobile ATMs: Temporary Event ATMs, Mobile Banking ATMs
Next-Gen ATM Market Strategic Trends: What Defines The Next Growth Phase?
Leading entities in the next-gen ATM market are developing innovative technologies, including card-less cash withdrawals, to enhance their presence. Card-less cash withdrawals involve a system where funds can be accessed at an ATM without the need for a physical debit or credit card. As an example, during September 2023, Hitachi Payment Services, a leading payment solutions provider based in India, introduced a UPI-enabled White Label ATM. The Hitachi Money Spot UPI ATM improves security through card-less cash withdrawal capabilities, providing users with a streamlined and protected experience. Its goal is to foster financial inclusion in regions lacking extensive banking infrastructure, and it operates on the Android OS platform. This UPI ATM represents a significant advancement in the shift towards contemporary transaction processing and ATM management systems, thereby boosting the volume of UPI transactions in India.
Next-Gen ATM Market Leading Companies: Who Holds The Strongest Market Presence?
Major companies operating in the next-gen atm market are NCR Corporation, Diebold Nixdorf Inc., Fujitsu Limited, OKI Electric Industry Co. Ltd., Hyosung Corporation, GRG Banking Equipment Co. Ltd., Euronet Worldwide Inc., Hitachi Ltd., Toshiba Corporation, IBM Corporation, Oracle Corporation, ACI Worldwide Inc., Glory Ltd., Nidec Corporation, Keba Group AG, Auriga S.p.A., Unisys Corporation, NEC Corporation, Cisco Systems Inc., SAP SE, Temenos AG
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Next-Gen ATM Market Top Region: Where Does Most Revenue Come From?
North America was the largest region in the next-gen ATM market in 2025. The regions covered in the next-gen atm market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
