United States ATM Services Market to Grow at a CAGR of 2.5% During 2024-2032, Driven by the Increasing Demand for Safe and Convenient Cash Transactions

The availability of ATMs 24/7 at several locations makes it convenient for consumers to access money without visiting banks. Moreover, ATMs are safe and secure as they are equipped with cameras and other security measures to prevent fraudulent activities.

Independent ATM deployers are actively attempting to provide financial services to consumer and small business markets of the rural, sparsely populated, and low-income areas of the United States. Such deployers are also offering new services through ATMs such as cash deposits, supporting the growth of the market.

Additionally, rising technological advancements and developments such as App-based contactless ATM transactions are increasing in volume across the United States, contributing to growth of the ATM commerce. ATM services also continue to grow in locations, including boutique retail stores, doctor offices and restaurants.

Furthermore, companies such as NCR Corporation (NYSE: NCR) are modernising their ATM services as a response to the evolving demands of consumers. Growing partnerships between leading companies are also anticipated to expand ATM services in the United States in the coming years. For instance, in October 2023, Payment Alliance International announced its partnership with Pocketbook Network. The partnership allows Payment Alliance International to provide its customers with an expanded set of services at their ATMs.

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Market Analysis by Deployment, Management, Type, Application, And Region:

• The market, on the basis of deployment, can be divided into onsite ATMs, offsite ATMs, work Site ATMs, and mobile ATMs.

• Based on management, the market can be divided into ATM management services and managed directly by banks.

• On the basis of type, the market is classified into multifunction ATMs, smart ATMs, and cash dispensers.

• The various applications for ATM services include withdrawals, transfers, and deposits, among others.

• The regional markets for ATM services in the United States include New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.

Key Findings of the Report:

• The increasing demand for convenient and safe banking transactions is contributing to the demand for ATM services.

• The growing trend of cash recycling ATMs in the United States is contributing to the market growth.

• The rising number of initiatives carried out by the market players to improve cash transactions is contributing to the growth of the market.

• The increasing number of ATMs across various commercial centres in the United States supports the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the United States ATM services market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the deployments, management, types, applications, and regions of ATM services.

• The report analyses the market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the United States ATM services market are NCR Corporation, Diebold Nixdorf, Incorporated, FCTI, Inc., Hitachi Channel Solutions, Corp., Euronet Worldwide, Inc., and Payment Alliance International, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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