United States ATM Market Report by Solution (Deployment, Managed Services), Type, Application, States and Company Analysis 2025-2033

United States ATM Market Size and Forecast 2025-2033

The United States ATM market is expected to rise steadily, rising from US$ 7.59 billion in 2024 to US$ 9.84 billion by 2033. This growth illustrates a high Compound Annual Growth Rate (CAGR) of 2.93% between the period of 2025 and 2033. The key drivers of this growth are technological developments, growing demand for cash-withdrawal services, and constant development of the financial environment in the country.

United States ATM Market Outlook

An Automated Teller Machine (ATM) is a specialized electronic terminal that allows one to conduct simple financial activities without the services of a bank teller. Some of the common services offered by ATMs include cash withdrawals, deposits, account balance inquiries, and money transfers. Their accessibility and convenience have made them a key part of contemporary banking.

In the United States, ATMs have gained immense popularity due to their widespread availability and round-the-clock functionality. With millions of ATMs scattered across urban and rural areas, they provide users with easy access to their funds at any time. The growth of the ATM network has been driven by the increasing reliance on cash transactions, especially for small purchases. In addition, innovations in technology, including mobile banking integration and contactless payments, have further increased their popularity.

Growth Drivers of the United States ATM Market

Sustained Demand for Cash Payments

Regardless of the fast growth of digital payments, cash remains a vital component of the U.S. economy. Several small businesses, convenience stores, and service providers continue to utilize cash because of low cost of transactions and quicker settlements. Consumers also employ cash for daily transactions and budgeting, particularly in suburban and rural areas where digital payment uptake is slow. ATMs continue to play a vital role in filling this need by offering constant access to the withdrawal of cash. Seasonal reasons like events and travel also increase ATM usage because visitors tend to use cash for tipping, transportation, and minor purchases. The cultural need to maintain cash in pocket keeps ATMs in the picture. June 2025, InComm Payments collaborated with NCR Atleos to make cardless cash withdrawals possible at more than 23,000 ATMs in the U.S. through the use of Atleos' ReadyCode API. With this integration, consumers can access cash securely through digital codes from reputable apps, increasing convenience and increasing financial accessibility. The service facilitates fintech and banking partners, increases usage of ATMs, and drives traffic to retail stores in more than 40 states and 70 large U.S. markets.

Expansion of ATM Functionality and Services

Contemporary ATMs have progressed much beyond the mere dispensation of cash. Nowadays, most machines provide high-end services like bill payments, mobile top-ups, fund transfer, and even lending on small tickets. This multimodal functionality enhances customers' dependence on ATMs as self-service financial centers, especially in regions with limited bank branches. Financial institutions are enhancing ATM infrastructures with functionalities such as biometric authentication, contactless card readers, and video banking to provide added security and convenience. Integration of digital wallets and QR-code payment also aids wider proliferation. April 2025, NCR Atleos is expanding its Allpoint surcharge-free ATM network to over 4,000 7-Eleven stores across the U.S. through a new partnership with FCTI, a key ATM operator for 7-Eleven. This move builds on Allpoint's presence in 3,000 Speedway locations. The expansion supports FCTI's "ATM as a Destination" strategy, enhancing foot traffic and store engagement while reinforcing NCR Atleos' role in delivering secure, accessible ATM services nationwide.

Independent and White Label ATM Growth

The emergence of independent ATM deployers and white label ATMs has greatly increased access to cash services in the U.S. Unlike bank-owned ATMs, these privately owned machines are frequently situated in high-traffic locations like gas stations, retail outlets, and entertainment centers. Such growth appeals to consumers who want convenience beyond traditional banking hours or locations. Independent ATMs also serve underbanked and unbanked communities, making financial services available where banks are not strongly present. Profitability of the surcharge fee encourages deployment to grow, particularly in high cash demand locations. White label ATMs also provide banks with leverage to increase footprint without infrastructure investments. The increasing ubiquity of these machines guarantees broader coverage, rendering ATMs a durable component of the American financial system in spite of the trend toward digital alternatives.

United States ATM Market Challenges

Decrease in Cash Usage from Digital Payments

The major challenge for the American ATM market is the consistent decrease in the use of cash. As more people carry credit cards, debit cards, and mobile payment wallets like Apple Pay and Google Pay, customers increasingly opt for digital solutions. The COVID-19 crisis accelerated the trend, with contactless transactions linked to hygiene and convenience. Digital payment is even more popular among the younger generations, who do not like to carry cash and make less use of ATMs. For ATM operators, reduced use means fewer fees for transactions and lower profitability. Although cash continues to be relevant, the move toward a cashless society creates a long-term threat to the ATM business, compelling operators to re-engineer business models and expand services beyond cash distribution.

Increasing Cost of Operation and Security

ATM operators are grappling with increasing issues associated with high operation expenses, such as cash refilling, device maintenance, and security standard compliance. Cyber attacks, skimming, and physical robberies contribute to these costs, demanding ongoing investment in sophisticated security products like EMV chips, biometrics, and CCTV systems. Uncertainty in fuel prices also drives up the cost of logistics for cash-in-transit providers, further reducing margins. For independent deployers and small operators, such increasing costs can have a large bearing on profitability. Meanwhile, compliance needs for consumer protection and anti-financial crime require continued investment in monitoring infrastructure. Finding cost efficiency against strong security is a constant challenge for the U.S. ATM industry, especially as margins tighten with decreasing cash usage.

United States Online ATM Market

Online ATM market in the United States describes ATMs linked to bank networks enabling real-time transactions such as balance checks, transferring funds, and withdrawing cash. These ATMs are part of facilitating constant access to banking services without having to make a trip to a physical branch. Online ATMs make banking more convenient by giving customers constant account updates and various transaction options aside from withdrawals. Financial institutions and banks utilize these machines to enhance customer satisfaction and minimize in-branch traffic. Expanding the deployment of networked ATMs guarantees broader coverage, especially in suburban and urban areas. Advances in technology, including real-time fraud detection and stronger encryption, enhance consumer confidence in online ATMs. While there is competition from online banking, online ATMs remain a keystone in filling the gap between old school and digital financial services, and thus a foundational pillar for the U.S. ATM market.

United States Mobile ATM Market

Mobile ATMs offer convenient, anywhere cash access at seasonal events, festivals, and disaster relief areas. They are rolled to where there is high short-term demand, providing banking services where there are no permanent ATMs. In the United States, mobile ATMs are extensively utilized during sports games, concerts, and state fairs, where cash-based transactions still persist. They also provide vital points of financial access during disaster relief situations or natural calamities, allowing residents to withdraw cash when conventional infrastructure fails. Mobile ATMs are profitable for operators because they provide large volumes of transactions in a limited time, which outweighs logistical expenses. Since cash continues to be a factor in event economies and rural economies, the need for mobile ATMs continues strong. This segment highlights the flexibility of the ATM industry with ongoing viability in situations where digital substitutes can't directly compete with physical cash.

United States White Label ATM Market

The white label ATM (WLATM) business has become increasingly prominent in the United States as independent operators place machines under their own brand name as opposed to bank ownership. WLATMs are typically placed in convenience stores, malls, gas stations, and entertainment facilities to help optimize customer reach. WLATMs are good for both consumers and banks: customers have easy access to cash, and banks save on infrastructure costs by outsourcing. Independent deployers benefit from surcharge fees, ensuring a viable business model. WLATMs are also favored by the increasing population of unbanked and underbanked, who engage in cash transactions. With demand for accessible financial services beyond the traditional banking sector on the rise, white label ATMs are also likely to grow further. Their profitability, flexibility, and capacity for ATM coverage extension make them an essential sector in the United States. ATM market.

United States ATM Transfers Market

ATM transfers have proven to be a lucrative offering for individuals who want to transfer money instantaneously without having to go to a bank branch. This feature enables customers to transfer cash from one account to another, pay bills, or send money to other individuals directly via ATMs. In the United States, where convenience reigns supreme, ATM transfers increase the attractiveness of ATMs as functional centers of banking. They also have an important role to play in catering to rural and underbanked communities, where branch access is not always available. Supported by sophisticated networks, real-time processing makes ATM transfers match consumer expectations for quicker, more convenient transactions. The coupling of mobile banking with ATMs only adds to this service, allowing users to trigger transfers through apps and settle them at machines. As banks aim to provide seamless omnichannel experiences, ATM transfers will be an enduring foundation of extended ATM capabilities in the United States.

California ATM Market

California is among the largest and most vibrant ATM markets in the U.S., fueled by its enormous population and diversified economy. The state's combination of urban areas, suburban neighborhoods, and tourist spots translates into high demand for convenient cash services. Free-standing and white label ATMs prosper in California's busy areas like gas stations, entertainment complexes, and retail outlets. Meanwhile, the state's tech-savvy culture demands constant innovation, and most ATMs boast advanced features like cardless withdrawals and contactless payments. Tourism in urban destinations like Los Angeles and San Francisco also increases demand for ATM usage, as tourists tend to use cash for minor purchases. In spite of an increasing trend toward electronic payments, California's ATM industry stays firm by keeping pace with new technology and greater services.

New York ATM Market

New York's ATM market is largely driven by its position as an international financial center and a tourism destination. The state's population-dense urban center, New York City, generates high demand for access to cash through the concentration of firms, nightlife spots, and foreign tourists. Independent and white label ATMs are extensively installed at convenience stores, subway stops, and entertainment areas, and serve residents and tourists alike. The New York banking industry also fosters innovation with ATMs that provide sophisticated services like biometric verification and combined financial transactions. Periodic tourism and activities such as Broadway performances or sports games also enhance the use of ATMs. As electronic payments continue to rapidly expand in New York, the use of cash for particular transactions guarantees ATMs are still an integral component of the state's economy.

New Jersey ATM Market

The New Jersey ATM market is aided by its suburban population and their close location to large metropolitan cities such as New York City and Philadelphia. Customers depend on ATMs for easy access to cash, especially in neighborhoods where service providers and small businesses accept only cash. Independent ATM deployers operate all over the state, placing machines in gas stations, malls, and amusement areas. Tourist traffic along the Jersey Shore also boosts seasonal demand, with tourists frequently using ATMs to make routine purchases. Banks are upgrading ATMs in the state with added features such as cash deposits, fund transfers, and cardless withdrawals in greater numbers. As digital payment usage increases, New Jersey continues to have consistent demand for ATMs because of its robust residential, commercial, and tourism-based economies.

Washington ATM Market

Washington state's ATM market is influenced by the state's mix of urban hubs like Seattle and vast rural communities. In urban locations, ATMs serve digitally inclined consumers with features like contactless transactions and mobile wallet support. White label and independent ATMs are found commonly in shopping centers, entertainment stops, and tourist attractions, providing easy access to cash. Washington's rural regions specifically gain from ATM installations, as physical bank branches are few and thus ATMs become the pillars of financial inclusion. Tourism, which is fueled by nature-based attractions such as national parks, also supports seasonal demand. Although residents of Washington are fast adopters of electronic payments, the state's varied economic and geographical composition ensures a sustained demand for ATMs. Advanced services like bill payments and money transfer further reinforce ATMs' position in Washington's financial landscape.

Market Segmentation

Solution

Deployment

• Online ATMs
• Offline ATMs
• Worksite ATMs
• Mobile ATMs

Managed Services

Type

• White Label
• Brown Label

Application

• Withdrawals
• Transfers
• Deposits

Top States

• 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 United States

All companies have been covered with 5 Viewpoints

• Overviews
• Key Person
• Recent Developments
• SWOT Analysis
• Revenue Analysis

Company Analysis:

• Diebold Nixdorf Incorporated
• NCR Corporation
• HESS Cash Systems GmbH
• Hitachi Channel Solutions Corp.
• Fujitsu
• GRG Banking
• Source Technologies
• Hyosung TNS Inc.