Asia-Pacific drives 34.8% of global ATM revenue

China and India continue expanding branch light banking to sustain cash access.

Asia-Pacific accounted for the largest share of the global ATM market in 2025, contributing 34.8% of revenue or $9.3b, driven by continued branch-light banking expansion in China and India.

The global ATM market was valued at $26.7b in 2025 and is expected to grow to $36.8b by 2035, rising from $27.6b in 2026 at a compound annual growth rate (CAGR) of 3.28%, according to Market Research Future.

The report said government policies requiring minimum cash access in countries including India, Brazil and Nigeria are supporting new ATM deployments. 

At the same time, banks in North America and Europe are investing billions of dollars to replace ageing ATM fleets with newer machines.

The market is also shifting from traditional cash dispensers to multi-function ATMs that support cash recycling, biometric authentication and near-field communication (NFC) tap-to-withdraw services.

According to the report, these upgrades can reduce operating costs per transaction by an estimated 18% to 22% and increase machine uptime to more than 98%, encouraging banks to replace older equipment.

North America is forecast to be the fastest-growing regional market, with a CAGR of 6.5%, supported by independent ATM operators and surcharge-free ATM networks. 

Europe accounted for the second-largest share of the market at 23.2%, with demand driven by cash-recycling upgrades in Germany and the UK.

The report added that although digital payments continue to expand, cash still accounts for around 30% to 35% of retail transactions in many mature markets. 

This remaining demand for cash access is expected to support ATM investment through the 2030s.