Next-Gen ATM Market Report 2025

The next-gen ATM market size has grown strongly in recent years. It will grow from $3.26 billion in 2024 to $3.51 billion in 2025 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to increased demand for digital banking solutions, increasing cardless transactions, increased adoption of mobile wallets, increased spending power, increasing disposable income.

The next-gen ATM market size is expected to see strong growth in the next few years. It will grow to $4.9 billion in 2029 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to increasing demand for tailored services and experiences for customers, increasing efficiency and reduced costs for financial institutions, increasing adoption of smartphones, growing adoption of internet services. Major trends in the forecast period include integration with mobile banking apps, personalized and user-customized experience, api-based architecture, product innovations, and market expansion.

The anticipated growth of the next-gen ATM market is expected to be driven by the increase in the value of consumers' Purchasing Power Parity (PPP). Purchasing Power Parity serves as a significant macroeconomic indicator that compares currencies across nations through a basket of goods methodology. Unsuch as market rates, PPP exchange rates remain relatively stable over time, providing a more accurate measure of the relative economic productivity and standards of living between countries. This stability aids next-gen ATMs in making informed decisions regarding expansion locations. For instance, the Energy Information Administration reported that the purchasing power annual average index value increased from 270.97 in 2021 to 292.66 in 2022. Consequently, the rise in the value of consumers' PPP is a driving force behind the next-gen ATM market.

The increasing adoption of contactless payments is expected to drive growth in the next-generation ATM market moving forward. Contactless payments allow users to complete transactions quickly and securely using cards, phones, or wearables by simply tapping near a contactless terminal, without physical contact. Next-generation ATMs are integrating contactless payment options to offer a faster, more convenient, and hygienic banking experience. For instance, a report from the European Central Bank in November 2023 noted that, in the second half of 2022, the total number of non-cash payments in the Eurozone rose by 8.8% to €65.9 billion ($71.01 billion) compared to the previous six months. The total value of these payments also increased by 2.8%, reaching €118.8 trillion ($128 trillion). Therefore, the growing trend of contactless payments is driving the expansion of the next-gen ATM market.

Major companies in the diamond wall saw market are focusing on technologies like Blaze to improve cutting precision, enhance operational efficiency, and minimize material waste during construction and demolition projects. Blaze is a versatile technology platform designed for high-performance data processing and analytics. For example, in August 2023, Financial Software & Systems Pvt. Ltd., an India-based private banking company, launched a new payments technology platform named Blaze, capable of processing over 5,000 transactions per second (TPS). This makes it well-suited for high-demand environments and aligns with the growing adoption of digital commerce.

Innovative technologies, such as card-less cash withdrawals, are being created by major players in the next-gen ATM market to improve their market share. Card-less cash withdrawals enable users to access cash at ATMs without using a physical debit or credit card. For instance, in September 2023, Hitachi Payment Services launched a UPI-enabled White Label ATM, allowing for card-less cash withdrawals and enhancing security. This technology offers a unified and secure user experience, contributing to financial inclusion in areas with limited banking infrastructure and promoting modern transaction processing and ATM management solutions.

In May 2024, Gallant Capital Partners, a US-based private equity firm, acquired Fime for an undisclosed amount. This acquisition aims to enhance the growth potential of Fime, allowing Gallant Capital Partners to leverage synergies, improve operational efficiency, and expand into new markets. Fime is a France-based consulting and testing company that specializes in payment systems and secure transaction technologies.

Major companies operating in the next-gen ATM market include Fujitsu Limited, NCR Corporation, Diebold Nixdorf Inc., Euronet Worldwide Inc., OKI Electric Industry Co. Ltd., Hyosung Corporation, ACI Worldwide Inc., GRG Banking Equipment Co. Ltd., Bancsource, Hitachi Payment Services Pvt. Ltd., Nautilus Hyosung America Inc., Invenco Group Ltd., Aevi International GmbH, HESS Cash Systems GmbH, Puloon Technology Inc., Triton Systems of Delaware LLC, Spinnaker International Ltd., Ark Technologies Group, Citywide ATM Inc., Unified Payments Services Ltd., Genmega Inc., Sharenet Inc., Cypress Advantage, TEKchand Pty Ltd.

North America was the largest region in the next-gen ATM market in 2024. The regions covered in the next-gen atm market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the next-gen atm market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

A next-gen ATM, short for next-generation Automated Teller Machine, represents an upgraded and more sophisticated version of the traditional ATM. These ATMs are crafted to offer a personalized and streamlined user experience, incorporating features such as enhanced user interface designs, customized functionality, remote maintenance, and management capabilities.

The primary types of next-gen ATMs include cash dispensers, deposit ATMs, cash recycling ATMs, self-service ATMs, self-service kiosks, mobile ATMs, and others. A cash dispenser is a device embedded in the walls of a bank or other establishments that enables customers to withdraw cash using a unique card. Contactless technology, voice recognition, biometrics, video banking, artificial intelligence (AI), and Internet of Things (IoT) integration applications are utilized for bank service agents, retail, and enterprise applications, providing deployment and managed services.

The next-gen ATM research report is one of a series of new reports that provides next-gen ATM market statistics, including the next-gen ATM industry's global market size, regional shares, competitors with next-gen ATM market share, detailed next-gen ATM market segments, market trends and opportunities, and any further data you may need to thrive in the next-gen ATM industry. This next-gen ATM market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The next-gen ATM market consists of revenues earned by entities by providing services such as mobile integrations, remote maintenance and management, and personalized functionality. The market value includes the value of related goods sold by the service provider or included within the service offering. The next-gen ATM market also includes sales of solar-powered ATMs, self-cashed or fully serviced ATMs, smart ATMs, free-standing ATMs, through-the-wall ATMs power switches, security cameras, panic alarms, and radio frequency identification (RFID) access gates, which are used in providing next-gen ATM services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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