Biometric Automated Teller Machine (ATM) Market Report 2025

This Biometric Automated Teller Machine (ATM) market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.

The biometric automated teller machine (ATM) market size has grown strongly in recent years. It will grow from $39.47 billion in 2024 to $41.7 billion in 2025 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to development of innovative authentication methods, increasing number of cash withdrawals, need for advanced security measures, adoption of biometric authentication, use of biometric authentication technology to identify customers, biometric ATM provides strong and accurate authentication.

The biometric automated teller machine (ATM) market size is expected to see strong growth in the next few years. It will grow to $51.25 billion in 2029 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to introduces an additional and crucial layer of protection, need for advanced security measures, unauthorized access and fraudulent activities in the withdrawal process, the adoption of biometric ATMs, mitigating the challenges posed by fraud and identity theft. Major trends in the forecast period include fingerprint recognition technology, implementing advanced authentication solutions, improvements in sensor technology, implementing specialized technologies, new forms of authentication.

The growth of the biometric automated teller machine (ATM) market is expected to be driven by the increasing number of cash withdrawals in the future. Cash withdrawals involve withdrawing money from a bank account or other financial accounts where funds are stored. Biometric ATMs have gained significant adoption due to the demand for enhanced security and convenience in banking transactions, employing reliable personal identification methods. These ATMs streamline cash withdrawals by securely verifying users' identities through unique physiological traits, thereby enhancing both security and user convenience. For example, in August 2022, the World Economic Forum reported a notable increase in personal cash withdrawals, surpassing $967 million (£801 million) for the second time since December 2021. This upward trend underscores the driving force of increasing cash withdrawals in the biometric ATM market.

Major companies in the biometric automated teller machine (ATM) market are focusing on integrating advanced technologies like artificial intelligence (AI) and robotic process automation (RPA) into banking systems to improve efficiency, security, and the customer experience. AI and RPA enhance operational performance and decision-making by automating repetitive tasks and offering intelligent data analysis and insights. For example, in May 2024, Intellect Design Arena Ltd., an India-based software development company, launched the eMACH.ai-composed Intellect Digital Core for Cooperative Banks. This cloud-native, enterprise-grade core banking system improves operational efficiency, security, and customer engagement through advanced APIs and modern technologies, available on a subscription-based model.

In October 2022, Intercede Group PLC, a UK-based company specializing in designing, manufacturing, and distributing Public Key Infrastructure Credential Management Systems (PKI CMS), acquired Authlogics Ltd. for $2.69 million. This acquisition strengthens Intercede’s market presence in the Middle East by leveraging Authlogics' existing multi-factor authentication (MFA) and password security management (PSM) software solutions. The deal is expected to drive significant advancements in biometric technologies, enhancing accuracy and reliability. Authlogics Ltd. is a UK-based biometric company focused on providing authentication systems for ATMs and banking management systems.

Major companies operating in the biometric automated teller machine (ATM) market are Hitachi Ltd., Qualcomm Technology Inc., Fujitsu Limited, NEC Corporation, CaixaBank SA, NCR Voyix Corporation, Euronet Worldwide Inc., Diebold Nixdorf Incorporated, HID Global Corporation, Cardtronics Inc., AGS Transact Technologies, Feedzai Inc., Daon Inc., Dermalog Identification System GmbH, Evolute Systems Pvt. Ltd., BioEnable Technologies Pvt. Ltd., Iris ID Systems Inc., GRG International, Hyosung TNS Inc., Saber Softech Private Limited.

North America was the largest region in the biometric automated teller machine (ATM) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the market going forward. The regions covered in the biometric automated teller machine (ATM) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the biometric automated teller machine (ATM) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A biometric automated teller machine (ATM) is an ATM that incorporates biometric authentication methods alongside or instead of traditional personal identification numbers (PINs) for user identification and access. The primary objective of biometric ATMs is to enhance security by reducing reliance on easily forgotten or stolen PINs, offering a more convenient and user-friendly experience for customers.

Key types of biometric ATMs include gait recognition, fingerprint recognition, facial recognition, iris recognition, voice recognition, ear acoustic authentication, and other biometric methods. Gait recognition identifies individuals based on their walking patterns. These ATMs consist of hardware, software, and associated services tailored for various applications such as withdrawals and deposits.

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

The biometric automated teller machine (ATM) market consists of revenues earned by entities by providing installation, maintenance, software updates, and technical support services. The market value includes the value of related goods sold by the service provider or included within the service offering. The biometric ATM market also consists of sales of proprietary biometric solutions and systems. 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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