US ATM Market to Grow from $7.59B to $9.84B by 2033

United States ATM Market Overview

The United States ATM market is expected to rise steadily from US$ 7.59 billion in 2024 to US$ 9.84 billion by 2033, reflecting a CAGR of 2.93% between 2025 and 2033. This growth is driven by technological innovations, sustained demand for cash withdrawal services, and the continual development of the U.S. financial sector.

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United States ATM Market Outlook

An Automated Teller Machine (ATM) is an electronic terminal that allows users to perform basic financial operations such as cash withdrawals, deposits, balance inquiries, and money transfers without visiting a bank branch. Their accessibility and convenience have made ATMs an essential part of modern banking.

In the U.S., ATMs are highly popular due to widespread availability and 24/7 accessibility. Millions of machines across urban and rural areas provide round-the-clock access to funds. The growth of the ATM network is fueled by the continued reliance on cash for small transactions and by innovations such as mobile banking integration and contactless payments, which have increased their appeal.

Growth Drivers of the United States ATM Market

Sustained Demand for Cash Payments

Despite the rise of digital payments, cash remains crucial in the U.S. economy. Small businesses, convenience stores, and service providers rely on cash for low-cost, immediate transactions. Consumers, especially in suburban and rural areas, prefer cash for budgeting and daily purchases. Seasonal events, tourism, and travel also increase ATM usage.

For example, in June 2025, InComm Payments partnered with NCR Atleos to enable cardless cash withdrawals at over 23,000 U.S. ATMs using digital codes via the Atleos ReadyCode API. This service improved accessibility, convenience, and drove ATM traffic across more than 40 states.

Expansion of ATM Functionality and Services

Modern ATMs provide services far beyond cash withdrawals, including bill payments, mobile top-ups, fund transfers, and small-ticket lending. Financial institutions are enhancing ATMs with biometric authentication, contactless card readers, and video banking. Integration with digital wallets and QR-code payments further expands ATM utility.

In April 2025, NCR Atleos expanded its Allpoint surcharge-free ATM network to over 4,000 7-Eleven stores through a partnership with FCTI. This expansion enhances customer engagement, foot traffic, and reinforces NCR Atleos’ role in delivering secure, accessible ATM services nationwide.

Independent and White Label ATM Growth

Independent ATM deployers and white label ATMs have expanded cash access across the U.S., often installed in high-traffic areas such as gas stations, retail outlets, and entertainment centers. These machines serve underbanked and unbanked communities, increasing financial inclusion. Surcharge fees incentivize operators to deploy machines in high-demand locations, while banks leverage white label ATMs to extend their footprint without additional infrastructure.

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United States ATM Market Challenges

Decrease in Cash Usage from Digital Payments

The widespread adoption of credit/debit cards and mobile wallets (Apple Pay, Google Pay) is reducing cash usage. The pandemic accelerated contactless transactions due to hygiene concerns. Younger generations increasingly prefer digital payments, reducing ATM usage and transaction fees. Operators must adapt by expanding ATM services beyond cash distribution.

Increasing Cost of Operation and Security

Operational costs for ATMs, including cash replenishment, maintenance, and security, continue to rise. Threats such as cyberattacks, skimming, and physical robberies require investment in EMV chips, biometrics, and CCTV systems. Logistics costs for cash-in-transit further affect margins, particularly for independent deployers. Regulatory compliance adds another layer of expense, creating a challenging environment for operators.

United States ATM Market Segments

Online and Mobile ATM Market

Online ATMs connect to bank networks for real-time transactions like balance checks, fund transfers, and withdrawals, enhancing convenience and reducing in-branch traffic. Mobile ATMs provide temporary banking services at events, festivals, and disaster relief areas, ensuring cash access in locations lacking permanent ATMs.

White Label ATM Market

White label ATMs operate under private branding and are commonly found in convenience stores, malls, and entertainment centers. They provide easy access to cash, support banks in extending service coverage, and are profitable through surcharge fees. They are particularly vital for unbanked and underbanked populations.

ATM Transfers Market

ATM transfer services allow instant account-to-account transfers, bill payments, and peer-to-peer cash transfers. Combined with mobile banking apps, they enhance the functionality of ATMs, particularly in rural or underbanked areas, reinforcing ATMs as self-service financial hubs.

Regional Insights

California

California has one of the largest ATM markets in the U.S., driven by population density, tourism, and a mix of urban and suburban regions. Advanced ATMs feature cardless withdrawals and contactless payments, meeting both resident and tourist needs.

New York

New York’s market is influenced by its status as a financial and tourism hub. Independent and white label ATMs are widely deployed in convenience stores, subway stations, and entertainment venues. ATMs also offer advanced features such as biometric verification.

New Jersey

New Jersey benefits from its suburban population and proximity to metropolitan areas. Independent ATMs in gas stations, malls, and tourist locations enhance cash accessibility. Digital payment adoption is rising, but cash remains significant in residential and commercial areas.

Washington

Washington combines urban centers like Seattle with rural communities. ATMs provide financial inclusion in rural areas and support cash-based tourism activities. Advanced functionalities like bill payments and money transfers reinforce ATM relevance.

Market Segmentation

Solution / Deployment:

• Online ATMs
• Offline ATMs
• Worksite ATMs
• Mobile ATMs
• Managed Services

Type:

• White Label
• Brown Label

Application:

• Withdrawals
• Transfers
• Deposits

Top States:
California, Texas, New York, Florida, Illinois, Pennsylvania, Ohio, Georgia, New Jersey, Washington, North Carolina, Massachusetts, Virginia, Michigan, Maryland, Colorado, Tennessee, Indiana, Arizona, Minnesota, Wisconsin, Missouri, Connecticut, South Carolina, Oregon, Louisiana, Alabama, Kentucky, Rest of United States

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Competitive Landscape

Key companies in the U.S. ATM market focus on innovation, network expansion, and enhanced customer services. Companies covered include:

• Diebold Nixdorf Incorporated
• NCR Corporation
• HESS Cash Systems GmbH
• Hitachi Channel Solutions Corp.
• Fujitsu
• GRG Banking
• Source Technologies
• Hyosung TNS Inc.

Conclusion

The United States ATM market is projected to grow steadily, driven by technological innovation, expanding ATM functionality, and continued demand for cash access. Despite the rise of digital payments, ATMs remain crucial for both urban and rural financial inclusion, white label and independent operators, and event-based mobile services. Integration of advanced features, mobile access, and expanded services will sustain the relevance of ATMs in the evolving financial ecosystem through 2033.

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