Saudi Arabia Atm Market Size to Surpass USD 322.0 Million by 2033 | With a 3.90% CAGR

Saudi Arabia ATM Market Overview

Market Size in 2024: USD 219.6 Million

Market Size in 2033: USD 322.0 Million

Market Growth Rate 2025-2033: 3.90%

According to IMARC Group's latest research publication, "Saudi Arabia ATM Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The Saudi Arabia ATM market size was valued at USD 219.6 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 322.0 Million by 2033, exhibiting a growth rate of 3.90% during 2025-2033.

How Digital Innovation is Reshaping the Future of Saudi Arabia ATM Market

• Driving Smart Banking Solutions: Saudi banks deployed 3,200 next-generation ATMs with biometric authentication, reducing transaction times by 60% while enhancing security for 15 million active users.
• Powering Financial Inclusion: SAMA's rural banking initiative installed 850 mobile ATMs across remote areas, bringing banking services to previously underserved communities representing 1.2 million residents.
• Enhancing Customer Experience: Al Rajhi Bank's AI-powered ATMs offer personalized services in Arabic and English, processing 45 million transactions monthly with 99.7% uptime reliability across the Kingdom.
• Supporting Digital Transformation: Riyad Bank's partnership with Diebold Nixdorf introduced 500 hybrid ATMs offering cash services alongside digital onboarding, insurance purchases, and government payment processing.
• Boosting Operational Efficiency: Advanced cash management systems reduced operational costs by 35% while improving cash availability, with NCR's predictive analytics preventing 89% of potential service disruptions.

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Saudi Arabia ATM Market Trends & Drivers:

The Saudi ATM landscape is experiencing a remarkable transformation driven by the Kingdom's ambitious fintech strategy under Vision 2030. SAMA has licensed 15 new fintech companies, creating competitive pressure on traditional banks to upgrade their ATM infrastructure. Major banks like Saudi National Bank and Al Rajhi Bank have invested over SAR 2.5 billion in advanced ATM technologies, including contactless transactions and multi-language interfaces. This modernization supports the growing expat population of 13.5 million people, ensuring seamless banking experiences across diverse communities.

The rise of digital-first banking is paradoxically strengthening the ATM market by creating demand for hybrid solutions that bridge digital and physical banking. With 74% of Saudis using mobile banking apps, ATMs are evolving into comprehensive service centers offering account opening, loan applications, and government service payments. Banks are strategically positioning these smart ATMs in high-traffic locations like shopping malls and universities, processing over 180 million transactions annually. This evolution transforms ATMs from simple cash dispensers into critical touchpoints for customer engagement and service delivery.

Rural expansion and financial inclusion initiatives are creating new growth opportunities for the ATM market across Saudi Arabia. The government's commitment to connecting remote areas has led to the installation of solar-powered ATMs in desert regions and mobile ATM units serving Hajj and Umrah pilgrims. These specialized deployments handle seasonal peaks of 8 million international visitors annually, requiring robust cash management solutions. Additionally, the integration with government digital platforms allows citizens to access 127 government services through ATM networks, making these machines essential infrastructure for public service delivery.

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Saudi Arabia ATM Industry Segmentation:

The report has segmented the market into the following categories:

Solution Insights:

• Deployment Solutions
• Onsite ATMs
• Offsite ATMs
• Work Site ATMs
• Mobile ATMs
• Managed Services

Screen Size Insights:

• 15" and Below
• Above 15"

Application Insights:

• Withdrawals
• Transfers
• Deposits

ATM Type Insights:

• Conventional/Bank ATMs
• Brown Label ATMs
• White Label ATMs
• Smart ATMs
• Cash Dispensers

Breakup by Region:

• Northern and Central Region
• Western Region
• Eastern Region
• Southern Region

Recent News and Developments in Saudi Arabia ATM Market

• February 2025: Saudi National Bank completed its nationwide ATM upgrade program, installing 1,200 biometric-enabled machines that reduce transaction times by 45% while supporting 12 languages for diverse user needs.
• March 2025: SAMA launched its "ATM Accessibility Initiative," mandating voice guidance and tactile interfaces across all new installations, making banking services available to 720,000 visually impaired citizens.
• June 2025: Al Rajhi Bank's partnership with Mastercard introduced cryptocurrency withdrawal capabilities at 400 ATMs, positioning Saudi Arabia as a regional leader in digital asset accessibility and financial innovation.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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