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Global ATM market expected to grow through 2024

Categories : Cash is efficient, Innovation contributes to the efficiency of cash
November 8, 2017
Tags : ATM, ATM forecasting, ATMs, Banknote/Note, Banknotes, Cash, Consumers
The ATM industry is expected to grow even further by 2024 thanks to offsite and mobile ATMs in particular.
Communication Team / Equipo de Comunicación

Offsite and mobile ATMs are giving consumers access to cash and banking services in areas where these were previously difficult to come by, triggering the demand for cash machines. Thanks to this deployment, ATMs are increasingly becoming available in rural and remote areas or in convenient locations such shopping malls, trade fairs or sporting events. Indeed, because of the technological developments in this sector and the growing availability of ATMs in previously harder-to-reach areas, the ATM Market is expected to grow to exceed USD 25 billion by 2024, a Global Market Insights report finds.

Another factor influencing this forecasted growth will be the replacement of ageing machines in developed markets such as Western Europe and the U.S.

To read the Global Market Insight report, please click here.