Top 4 Companies Dominating the Global ATM Services Market

Global ATM Services Market


NCR Corporation, Euronet Worldwide, Diebold Nixdorf Incorporated, and Payment Alliance International are the major players in the global ATM services market.


The global ATM services market reached a value of almost USD 25.77 billion in 2023. The industry is further expected to grow at a CAGR of 6.1% between 2024-2032 to reach a value of nearly USD 43.93 billion by 2032. As per the analysis by Expert Market Research, the market is driven by digital transformation and the rise of contactless payment technology where ATMs support tap-and-go transactions.


ATMs which is an abbreviation of ‘Automated Teller Machines’ are mechanical self-service devices that allow individuals to carry out basic financial transactions like withdrawal and deposit of cash, transferring funds between accounts and checking balances without the need for human intervention. The elimination of the need for a teller or a bank employee enhances convenience, ease of access and flexibility allowing users to manage their finances efficiently.


Growth in the global ATM services market comes from a wide range of services related to Automated Teller Machines (ATMs) such as deployment and maintenance, software updates, cash management and security. Technological innovations such as payment methods which minimize contact and biometric authentication processes along with regulatory developments by government bodies and authorities that mandate enhanced security measures for ATMs along with compliance of industry standards drive institutional investments in ATM infrastructure and services.


The convenience of cash flow, the expansion of transactional benefits, the ease of withdrawal, speedy and efficient service, and the continued viability of offline shopping have all contributed to the global ATM services market development. Growing urbanization is the main driver propelling the market's expansion in both established and emerging economies. Moreover, the demand for ATMs worldwide is being driven by the availability of cash around-the-clock as well as the capabilities that enable fund transfers and bill payment. The growth of the installation base and maintenance tasks has had a substantial effect on income generating.


ATMs Operated by Major Banks in India (As of April 2024)

ATMs Operated by Major Banks in India (As of April 2024)


In June 2024, NCR Atleos Corporation, a global leader in self-service financial access announced the deployment of multi-bank deposit ATMs across the United Kingdom. The first deployment was seen in Ormskirk with more in Shanklin, Kendal, Chipping Norton, Finchley, Bourne, Oxted, and Cardigan. In June 2024, Seven Bank in Japan announced plans to deploy ATMs in 7-Eleven stores across Malaysia. This move came ahead of the bank's plans to integrate retail convenience with financial services.


Hitachi Payment Services in April 2024 launched upgradable ATMs in India. These upgradable ATMs are flexible, offer better performance and are convenient. They were manufactured during the Make in India initiative in India. Hitachi currently manages over 76,000 operational ATMs in the Indian subcontinent.


Top 4 ATM services Companies in the World:

NCR Corporation

Headquarters: Georgia, United States
Establishment: 1884


With a rich history of over 130 years, NCR Corporation provides comprehensive solutions in the software domain for businesses in the banking, retail and service sectors. The company has a presence in over 141 countries and employs more than 35,000 individuals across the world. NCR operates and manages over 300,000 ATMs worldwide, boosting operational efficiency, enhancing customer experience, and enabling seamless cash access for consumers by creating a system of connected ATMs.


Euronet Worldwide

Headquarters: Kansas, United States
Establishment: 1994


Euronet was established in Central Europe in 1994 and has since evolved into a global leader in providing solutions in the financial technology industry. Operating in over 200 countries and territories, the company has an expansive network spanning millions of touchpoints around the world providing facilities like real-time digital and cash payments, credit and debit processing, money transfers, ATM services, currency exchange, point-of-sale solutions, and branded payments.


Payment Alliance International

Headquarters: Kentucky, United States
Establishment: 2005


Payment Alliance International, which is owned by The Brink’s Company provides ATM portfolio management services to a variety of customers. They specialize in a range of tools and services for individuals and businesses that own and operate ATMs, including retailers and financial institutions. They make ATM management easier and more efficient for businesses to have a reliable source of cash while minimizing costs. The Brink’s company acquired Payment Alliance International in April 2021 for USD 213 million.


Diebold Nixdorf Incorporated

Headquarters: Ohio, United States
Establishment: 1859


The company leads growth in automating and digitizing banking and retail experiences, while also offering comprehensive portfolios and cutting-edge technological solutions tailored to meet the evolving needs of customers concerning software deployment, cash management, set-up, maintenance and other services related to ATMs. Diebold Nixdorf has a workforce of over 21,000 employees in more than 130 countries specializing in security solutions and self-service.


*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

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