United States ATM Market Size and Forecast 2025–2033

The United States ATM market is entering a period of stable and sustained growth, expanding from US$ 7.59 billion in 2024 to an estimated US$ 9.84 billion by 2033, according to Renub Research. This reflects a CAGR of 2.93% between 2025 and 2033. Despite the increasing penetration of digital payments, ATMs remain an essential financial service touchpoint for millions of Americans. Their continued relevance is driven by technological advancements, evolving consumer preferences, ongoing demand for cash accessibility, and the rising importance of financial inclusion.

As the U.S. banking landscape continues to transform—with branches closing, fintechs rising, and customers expecting faster, more convenient service—ATMs have shifted from simple cash dispensers to multifunctional self-service financial hubs. This evolution is central to the growth trajectory of the industry.

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United States ATM Market Outlook

Automated Teller Machines (ATMs) serve as indispensable tools in modern banking by enabling users to perform essential financial transactions without visiting a branch. These include cash withdrawals, deposits, transfers, bill payments, and account inquiries—all completed within minutes.

In the United States, ATMs have gained immense prominence thanks to:

Widespread nationwide deployment

24/7 availability

Convenience for both urban and rural populations

Integration of advanced digital features

Although digital payments have skyrocketed over the last decade, cash continues to play a key role—especially for small-value transactions, tipping, travel needs, and day-to-day purchases in suburban and rural areas. Technology integration such as contactless withdrawals, biometric verification, QR-code access, and mobile-app-enabled transactions has only expanded the utility of ATMs across the country.

Growth Drivers of the United States ATM Market

1. Sustained Demand for Cash Payments

Digital payments may be rising, but cash remains a staple in the U.S. economy. Small retailers, food trucks, salon services, public transit vendors, and many local businesses still prefer cash for its low transaction costs and quick settlement times.

Consumer behavior also supports this trend:

Many Americans use cash for budgeting.

Rural and suburban communities still rely heavily on cash.

Tourists and event-goers often opt for cash for convenience.

A recent example of innovation further energizing ATM usage came in June 2025, when InComm Payments partnered with NCR Atleos to enable cardless cash withdrawals across 23,000+ ATMs via the Atleos ReadyCode API. Customers can now withdraw money using secure digital codes generated within trusted mobile apps—expanding accessibility and encouraging more frequent usage.

This technological blending keeps ATMs relevant, modern, and user-friendly.

2. Expansion of ATM Functionality

Today’s ATMs are no longer traditional cash-dispensing terminals—they’re becoming mini banking branches offering:

Bill payments

Mobile top-ups

Fund transfers

Small-ticket lending

Cardless withdrawals

Biometric authentication

Contactless NFC-based operations

QR-code payment integration

Financial institutions are actively upgrading their ATM infrastructure to deliver safer, faster, and more flexible services. The industry witnessed another milestone in April 2025, when NCR Atleos expanded its Allpoint surcharge-free ATM network to 4,000 additional 7-Eleven stores under a partnership with FCTI. This initiative became part of the “ATM as a Destination” strategy—driving retail foot traffic while boosting ATM reach and accessibility for millions of users.

ATMs are evolving into powerful consumer self-service touchpoints, contributing significantly to market growth.

3. Rise of Independent and White Label ATMs

Independent ATM deployers (IADs) and white label ATM operators are transforming the competitive landscape. Their business model thrives on convenience, placing ATMs in:

Gas stations

Convenience stores

Bars and nightclubs

Amusement centers

Tourist attractions

Retail outlets

These machines especially support:

Underbanked communities

Low-income neighborhoods

Locations underserved by banking institutions

The surcharge-based revenue model encourages aggressive deployment, expanding the country’s ATM footprint. Banks also benefit by reducing infrastructure costs and outsourcing ATM management while retaining customer access.

The proliferation of white label ATMs makes them a vital pillar of U.S. financial accessibility.

United States ATM Market Challenges

1. Declining Cash Use Due to Digital Payments

The biggest structural challenge is the gradual shift toward digital payment platforms such as:

Apple Pay

Google Pay

Zelle

Venmo

Contactless debit/credit cards

COVID-19 significantly accelerated this transformation, as consumers gravitated toward hygiene-friendly, touchless transactions. Younger demographics in particular favor digital wallets over carrying cash—reducing ATM visit frequency.

While cash is far from obsolete, the movement toward cashless convenience poses long-term pressure on ATM operators, who must diversify features and improve service offerings to remain competitive.

2. Rising Operational and Security Costs

ATM operators continue to face increasing expenditures associated with:

Cash loading and transport

Routine maintenance

Hardware upgrades

Cybersecurity and fraud prevention

ATM security camera systems and anti-skimming technologies

EMV chip compliance

Fuel price fluctuations affecting cash-in-transit logistics

As digital payments reduce transaction volume, smaller ATM deployers struggle with margin pressure. Balancing cost-efficiency alongside enhanced security remains one of the sector’s greatest operational challenges.

Key Segments of the United States ATM Market

United States Online ATM Market

Online ATMs are connected to banking networks in real-time, enabling live transaction processing for:

Account inquiries

Transfers

Fund deposits

Withdrawals

These ATMs help banks reduce in-branch traffic while providing customers with convenient, always-accessible digital financial services. Enhanced encryption, fraud detection, and seamless integration with mobile banking apps ensure their continued relevance in the banking ecosystem.

United States Mobile ATM Market

Mobile ATMs serve high-demand, short-term locations such as:

Events and festivals

Concerts

Sports arenas

State fairs

Disaster relief zones

They offer:

Rapid deployment

High transaction volume

Essential financial access during emergencies

As cash usage persists across event-based economies and rural regions, the demand for mobile ATMs remains strong.

United States White Label ATM Market

White Label ATMs (WLATMs) continue to expand nationwide due to their:

Cost efficiency

Strategic deployment locations

High consumer accessibility

Strong revenue potential from surcharge fees

They particularly benefit:

Unbanked and underbanked populations

Convenience-driven consumers

Businesses seeking on-site cash access solutions

WLATMs complement banks’ footprint expansion without the burden of operating additional branches.

United States ATM Transfers Market

ATM-based money transfers enable customers to:

Move funds between accounts

Pay bills

Send money to other users

Complete real-time transactions

These features strengthen the ATM’s role as a critical self-service financial tool, especially in areas lacking physical branches. Integration with mobile banking platforms further enhances speed, convenience, and efficiency.

State-Level ATM Market Analysis

California ATM Market

California—home to nearly 40 million residents—hosts one of the country's largest ATM ecosystems. Urban hubs like Los Angeles, San Diego, and San Francisco witness strong ATM usage due to:

Dense populations

Frequent tourism

High retail and entertainment activity

The state’s tech-forward environment drives rapid adoption of advanced ATM features, including biometric verification and mobile wallet integration.

New York ATM Market

New York’s ATM landscape is shaped by its:

Status as a global financial center

High tourist influx

Concentration of commercial and residential zones

Independent ATMs thrive in subway stations, convenience stores, nightlife areas, and retail outlets. Banking institutions invest heavily in high-tech ATMs with advanced security and multifunctional capabilities.

New Jersey ATM Market

New Jersey benefits from:

Suburban markets

Proximity to New York City and Philadelphia

High ATM usage in family-owned businesses and cash-based services

Tourism-heavy areas like the Jersey Shore also experience seasonal ATM demand spikes.

Washington ATM Market

Washington’s ATM market is driven by its mix of urban (Seattle, Tacoma) and rural regions. While its tech-savvy population heavily uses digital payments, ATMs remain essential for:

Underbanked communities

Rural access

Tourism destinations

Retail and entertainment zones

The state continues to transition toward advanced ATMs offering contactless and video banking features.

Market Segmentation Snapshot

By Solution

Deployment

Online ATMs

Offline ATMs

Worksite ATMs

Mobile ATMs

Managed Services

By Type

White Label

Brown Label

By Application

Withdrawals

Transfers

Deposits

Top States Covered

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 U.S.

Key Companies Profiled

Diebold Nixdorf Incorporated

NCR Corporation

HESS Cash Systems GmbH

Hitachi Channel Solutions Corp.

Fujitsu

GRG Banking

Source Technologies

Hyosung TNS Inc.

Final Thoughts

Even as digital payments reshape the financial landscape, the United States ATM Market remains resilient and strategically important. ATMs continue to deliver unmatched convenience, especially for cash-reliant communities, tourists, and small businesses. Technological upgrades—from cardless access to biometric authentication—are redefining consumer interactions with these machines.

As banks shrink their branch networks and consumers demand faster, more autonomous solutions, ATMs are evolving into smart, secure, and multifunctional financial service hubs. This transition ensures sustained market growth through 2033, supported by innovation, financial inclusion efforts, and the enduring need for reliable cash access.