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Automated Teller Machine (ATM) Market size is set to grow by USD 5.91 billion from 2024-2028, Multifunctionality features in ATMs boost the market, Technavio

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NEW YORK, July 19, 2024 /PRNewswire/ — The global automated teller machine (ATM) market size is estimated to grow by USD 5.91 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 4.6%  during the forecast period. Multifunctionality features in atms is driving market growth, with a trend towards growing demand for cash recycling ATMs. However, high costs associated with atms  poses a challenge. Key market players include Atlas Ontario LP., Cashway Fintech Co. Ltd., Diebold Nixdorf Inc., Eastcompeace Technology Co. Ltd., Euronet 360 Finance Ltd., Fujitsu Ltd., Genmega Inc., GRGBanking, HANTLE Inc., Hitachi Ltd., Lipi Data Systems Ltd., NCR Voyix Corp., Oki Electric Industry Co. Ltd., Paycorp Investments Proprietary Ltd., Source Technologies, SPL Computer Trading GmbH, The Brinks Co., and Triton Systems.

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Automated Teller Machine (ATM) Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.6%

Market growth 2024-2028

USD 5910 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.18

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 58%

Key countries

US, China, Germany, India, and UK

Key companies profiled

Atlas Ontario LP., Cashway Fintech Co. Ltd., Diebold Nixdorf Inc., Eastcompeace Technology Co. Ltd., Euronet 360 Finance Ltd., Fujitsu Ltd., Genmega Inc., GRGBanking, HANTLE Inc., Hitachi Ltd., Lipi Data Systems Ltd., NCR Voyix Corp., Oki Electric Industry Co. Ltd., Paycorp Investments Proprietary Ltd., Source Technologies, SPL Computer Trading GmbH, The Brinks Co., and Triton Systems

Market Driver

The demand for automatic cash recycling in ATMs, automated teller safes, and self-service cash recycling machines is increasing among financial institutions. Banks aim to achieve revenue growth, improved customer service, and cost optimization. In traditional banking structures, tellers manage cash levels, leading to high labor costs and opportunity costs. Cash recycling systems, like placing a vault between two tellers but with advanced cash management, help optimize operations at a lower cost. This system eliminates the need for tellers and vaults, increasing efficiency by nearly 90% and profitability due to reduced expenses. Since the COVID-19 pandemic, cash recycling has become crucial for streamlining processes, fraud avoidance, and reducing staff burden. The benefits of cash recycling, such as minimizing touchpoints for cash, will significantly drive the growth of the global ATM market during the forecast period. 

The Automated Teller Machine (ATM) market is thriving in both developed and emerging countries, with trends including cash withdrawal, fund transfer, and deposit services. Technology advancements like biometric authentication and smart ATMs are transforming the banking sector. Manufacturing operations focus on digital platforms, contactless kiosks, and interactive machines. Security mechanisms and fraud prevention are crucial. In developed countries, NCR Corporation and Diebold Nixdorf dominate, offering managed services, deployment solutions, and upgrading services. In contrast, emerging markets prioritize geographical expansion and product portfolio expansion. Members ATMs for credit unions, ecommerce integrations, and mobile banking are gaining popularity. Hitachi Terminal’s cash recycling machines and Hitachi’s frictionless vein pattern recognition technology are innovations. Despite these advancements, lack of awareness and digital payment adoption remain challenges. System reconstruction, repair & maintenance, and contracts are ongoing needs. 

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Market Challenges

ATMs are a valuable tool for banks to automate cash transactions and reduce the number of customers visiting branches. However, the adoption of ATMs is influenced by various costs, including the initial investment for the machine, monthly rentals for branch space, electricity bills, and security expenses. In some countries, banks offer free transactions to customers, or there are no fees for using ATMs, which further impacts the revenue generated from these machines. Additionally, the cost of maintaining anti-skimming devices to enhance security adds to the operational expenses. These factors may hinder the growth of the global ATM market during the forecast period.The ATM market is experiencing significant changes with the rise of contactless kiosks, ecommerce, and mobile banking. However, challenges persist, including lack of awareness for digital payments and interactive machines. Managed services and deployment solutions are crucial for onsite, offsite, worksite, and mobile ATMs. NCR Corporation and Diebold Nixdorf lead the market, offering system reconstruction, repair & maintenance, upgrading services, and product portfolio expansion. Geographical expansion is key, with contracts signed with credit unions, retailers like Walgreens, and Hitachi’s frictionless cash recycling machines. The unbanked population and cash-based transactions remain opportunities, with EMV migration ongoing. Manufacturing capacity expansion and advanced technologies like vein patterns and near-infrared light are shaping the future. The World Bank supports these developments, focusing on cashless transactions and financial inclusion.

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Segment Overview 

This automated teller machine (atm) market report extensively covers market segmentation by  

Type 1.1 Brown label1.2 White label1.3 OthersDeployment 2.1 Offsite ATM2.2 Onsite ATM2.3 OthersGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Brown label-  The Automated Teller Machine (ATM) market is growing steadily due to increasing consumer preference for convenient and quick cash withdrawals and deposits. Banks and financial institutions are investing in advanced ATMs with features like contactless payments and biometric authentication to enhance customer experience. The market is driven by factors such as rising urbanization, increasing financial inclusion, and technological advancements. Global sales of ATMs are projected to reach USD14 billion by 2025.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global cash logistics market is witnessing steady growth driven by increasing cash transactions and stringent security regulations. Key players are investing in advanced technologies like GPS tracking and biometric authentication to enhance security and operational efficiency. The global ATM slide rails market is expanding with rising ATM installations worldwide. Innovations in slide rail designs focus on durability, ease of maintenance, and enhanced user experience, catering to the growing demand for secure and reliable ATM transactions.

Research Analysis

Automated Tellers Machines (ATMs) have revolutionized the banking sector, enabling cash withdrawal, fund transfer, and deposit services around the clock. Technology advancements have led to innovations like biometric authentication, transforming ATMs into Smart ATMs. Developed and emerging countries alike have embraced ATMs for digital banking, with manufacturing operations and onsite, offsite, worksite, mobile ATMs catering to diverse needs. Security mechanisms ensure safe transactions, while repair & maintenance and upgrading services keep machines functional. NCR Corporation and Diebold Nixdorf are major players, but numerous other companies contribute to the market’s growth. System reconstruction, contracts, portfolio expansion, and geographical expansion are key strategies. Members ATMs for credit unions and cooperative banks further extend the reach of these financial institutions.

Market Research Overview

Automated Teller Machines (ATMs) are digital banking solutions that enable cash withdrawal, fund transfer, and deposit services around the clock. Technology advancements have led to the development of Smart ATMs with biometric authentication, contactless kiosks, and cash recycling machines. The banking sector in developed and emerging countries is increasingly adopting ATMs to expand digital platforms and reach rural areas. Security mechanisms and fraud prevention are key considerations in manufacturing operations. Technological innovations include interactive machines, managed services, and deployment solutions. Onsite, offsite, worksite, and mobile ATMs cater to diverse business needs. Ecommerce, mobile banking, and digital payment integration are driving growth. However, lack of awareness and digital payment infrastructure in some regions pose challenges. Key trends include system reconstruction, repair & maintenance, upgrading services, product portfolio expansion, and contracts. Geographical expansion, membership ATMs for credit unions, and partnerships with retailers like Walgreens and Hitachi Terminal are strategic moves. Cash recycling machines, manufacturing capacity expansion, and frictionless technology like vein patterns and near-infrared light are shaping the future of ATMs. The World Bank supports EMV migration to secure cash-based transactions and serve the unbanked population.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeBrown LabelWhite LabelOthersDeploymentOffsite ATMOnsite ATMOthersGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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HelloNation Examines Medicare Advantage & Medigap Coverage Differences, Featuring Financial Advisor Ash Toumayants

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The article reviews provider access, prescription coverage, and out-of-pocket expenses when comparing Medicare Advantage and Medigap plans.

STATE COLLEGE, Pa., July 24, 2026 /PRNewswire/ — How should residents evaluate whether Medicare Advantage or Medigap coverage better fits their healthcare and financial needs? HelloNation answers this question in an article that explains the key considerations involved in choosing between Medicare Advantage and Medigap plans.

The HelloNation article features insights from Financial Advisor Ash Toumayants of Strong Tower Associates. The article explains that both Medicare Advantage and Medigap supplement Original Medicare but differ significantly in how they handle healthcare providers, prescription coverage, and overall out-of-pocket expenses.

Medicare Advantage plans are typically offered through private insurers and bundles Medicare Part A, Part B, and possibly prescription coverage into a single policy. However, Medicare Advantage plans generally operate with provider networks, meaning healthcare providers must often be selected from within the plan’s approved list.

For residents across Pennsylvania, provider access can play an important role in selecting the right plan. The article explains that individuals should review which healthcare providers are included in a Medicare Advantage network before enrolling. Plan networks may vary by county in Pennsylvania, so residents should confirm that their preferred doctors and specialists are covered.

Medigap plans, also known as Medicare Supplement Insurance, operate differently from Medicare Advantage. The article explains that Medigap works alongside Original Medicare and helps cover certain out-of-pocket expenses such as copays, coinsurance, and deductibles. Although Medigap policies generally involve higher monthly premiums, they can offer greater predictability in medical expenses.

One advantage of Medigap is flexibility in choosing healthcare providers. The article explains that individuals with Medigap coverage can typically visit any doctor or specialist who accepts Medicare nationwide. This broader provider access can be beneficial for retirees who want more freedom in choosing healthcare providers across Pennsylvania or while traveling.

Prescription coverage is another important factor in the decision process. Many Medicare Advantage plans include prescription coverage as part of their bundled benefits. In contrast, Medigap plans do not include prescription coverage, which means individuals who choose Medigap often purchase a separate Medicare Part D plan to manage medication costs.

Budget considerations also influence the decision between Medicare Advantage and Medigap. The article explains that while Medicare Advantage plans may have lower premiums, they often include copays and service limits that affect annual out-of-pocket expenses. Medigap plans generally involve higher premiums but may reduce unexpected out-of-pocket expenses throughout the year.

Travel and lifestyle habits can also affect which plan is more suitable. The article explains that Medicare Advantage plans may have limitations on out-of-network care outside their coverage area. For residents in Pennsylvania who travel frequently or spend time in multiple locations, Medigap coverage may offer greater flexibility when accessing healthcare providers.

Enrollment timing is another important consideration discussed in the article. Medicare Advantage and Medigap plans have different enrollment rules and deadlines tied to the Initial Enrollment Period or the annual Medicare Open Enrollment period. Missing these enrollment opportunities can limit plan choices or result in additional underwriting requirements.

The article concludes that choosing between Medicare Advantage and Medigap in Pennsylvania requires careful evaluation of healthcare providers, prescription coverage, travel habits, budget considerations, and potential out-of-pocket expenses. Comparing plan structures and reviewing coverage details helps individuals make informed decisions that align with their healthcare and financial priorities.

How to Decide Between Medicare Advantage & Medigap features insights from Ash Toumayants, Financial Advisor of State College, PA, in HelloNation.

About HelloNation
HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

View original content to download multimedia:https://www.prnewswire.com/news-releases/hellonation-examines-medicare-advantage–medigap-coverage-differences-featuring-financial-advisor-ash-toumayants-302829329.html

SOURCE HelloNation

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In HelloNation, Pool & Landscaping Expert Tina Possehn Wolbers Discusses What Pool Opening & Closing Services Include

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The article highlights how seasonal pool service simplifies pool maintenance and protects backyard pools year-round.

LANSING, Mich., July 24, 2026 /PRNewswire/ — What is included with pool opening and closing services, and how do they support pool ownership? The answer is explored in a HelloNation article, which features insights from Tina Possehn Wolbers of Wolbers-Possehn Pools, Ponds and Landscapes.

The HelloNation article explains that seasonal pool service plays a key role in maintaining a backyard pool throughout the year. By handling the transition between seasons, pool opening service and pool closing service make pool maintenance more manageable and allow homeowners to focus on enjoying their space.

Pool opening service marks the beginning of the swimming season. One of the first steps is removing the pool cover, which has protected the pool during colder months. The pool cover is carefully cleaned and stored, helping extend its lifespan and prepare it for future use. Once removed, the backyard pool begins to take shape as a clean and inviting environment.

Another important part of pool opening service is reconnecting and inspecting pool equipment. Pumps, filters, and circulation systems are checked to ensure they are functioning properly. This step helps restore water flow and sets the foundation for effective pool maintenance throughout the season.

Water level adjustments and water balancing are also essential components of pool opening service. Ensuring proper water levels allows systems to run efficiently, while water balancing helps create a safe and comfortable swimming environment. These steps help homeowners enjoy their backyard pool without unnecessary complications.

The article emphasizes that pool opening service and pool closing service are key components of seasonal pool service, helping simplify pool maintenance and reduce the stress of managing a pool. With a structured approach, homeowners can rely on consistent care that keeps their pool in good condition.

Pool closing service prepares the pool for colder months when it is not in use. This process includes lowering the water level to help prevent potential damage. Proper water management during pool closing service helps protect the structure and equipment over time.

Protecting plumbing lines is another critical part of pool closing service. Water is removed from pipes to prevent freezing and expansion, which could lead to damage. Taking these steps ensures that the system remains intact and ready for the next pool opening service.

Securing the pool cover completes the process. A properly fitted pool cover keeps debris out and helps maintain water quality during the off-season. It also makes the next pool opening service easier by reducing the amount of cleaning required.

Seasonal pool service provides a more predictable and low-stress experience for homeowners. Instead of handling every detail themselves, pool owners can rely on professional processes that keep their backyard pool functioning properly year after year.

Beyond maintenance, a well-cared-for backyard pool becomes a space for relaxation and connection. Whether hosting gatherings or enjoying quiet time, the pool adds value to everyday life. Pool opening service and pool closing service support that experience by keeping the pool ready when it matters most.

The HelloNation article concludes that understanding what is included in seasonal pool service helps homeowners set clear expectations and maintain their pool with confidence. With proper pool maintenance, water balancing, and use of a secure pool cover, owning a backyard pool in Lansing becomes both simple and enjoyable.

What Is Included With Pool Opening & Closing Services in Lansing? features insights from Tina Possehn Wolbers, Pool & Landscaping Expert of Lansing, MI, in HelloNation.

About HelloNation

HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

View original content to download multimedia:https://www.prnewswire.com/news-releases/in-hellonation-pool–landscaping-expert-tina-possehn-wolbers-discusses-what-pool-opening–closing-services-include-302829324.html

SOURCE HelloNation

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Verra Mobility Schedules Second Quarter 2026 Earnings Call

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MESA, Ariz., July 24, 2026 /PRNewswire/ — Verra Mobility Corporation (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that it will report financial results for the second quarter ended June 30, 2026, after market close on August 5, 2026.

Verra Mobility’s Interim Chief Executive Officer, Jon Keyser, and Chief Financial Officer, Craig Conti, will host a conference call and live webcast to discuss financial results for investors and analysts at 5:00 p.m. ET on August 5, 2026.

A live webcast will be available on the Company’s Investor Relations website at ir.verramobility.com. To access this conference call by telephone, register here to receive dial-in numbers and a unique PIN to join the call. A replay of the call will also be made available on the Investor Relations website.

In addition, an archived webcast will be available in the “News & Events” section of Verra Mobility’s Investor Relations website at ir.verramobility.com.

About Verra Mobility

Verra Mobility Corporation (NASDAQ: VRRM) is a leading provider of smart mobility technology solutions that make transportation safer, smarter and more connected. The company sits at the center of the mobility ecosystem, bringing together vehicles, hardware, software, data and people to enable safe, efficient solutions for customers globally. Verra Mobility’s transportation safety systems and parking management solutions protect lives, improve urban and motorway mobility and support healthier communities. The company also solves complex payment, utilization and compliance challenges for fleet owners and rental car companies. Headquartered in Arizona, Verra Mobility principally operates in North America, Europe and Australia. For more information, please visit www.verramobility.com.

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about Verra Mobility’s plans, objectives, expectations, beliefs and intentions and other statements including words such as “hope,” “anticipate,” “may,” “believe,” “expect,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential” or the negative of these terms or other comparable terminology. The forward-looking statements herein represent the judgment of Verra Mobility, as of the date of this release, and Verra Mobility disclaims any intent or obligation to update forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those currently anticipated. This press release should be read in conjunction with the information included in Verra Mobility’s other press releases, reports and other filings with the SEC and on the SEC website, www.sec.gov. Understanding the information contained in these filings is important in order to fully understand Verra Mobility’s reported financial results and our business outlook for future periods. Actual results may differ materially from the results anticipated in the forward-looking statements and the assumptions and estimates used as a basis for the forward-looking statements.

Additional Information

We periodically provide information for investors on our corporate website, www.verramobility.com, and our investor relations website, ir.verramobility.com. We intend to use our website as a means of disclosing material non-public information and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our website, in addition to following the Company’s press releases, SEC filings and public conference calls and webcasts.

Media Relations:

Investor Relations:

Valerie Schneider

Mark Zindler

valerie.schneider@verramobility.com

mark.zindler@verramobility.com 

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