GITNUX MARKETDATA REPORT 2024

Must-Know Atm Usage Statistics [Recent Analysis]

Highlights: The Most Important Atm Usage Statistics

  • Europe has seen a 2% decrease in ATMs since 2021, with the number of ATMs per 10,000 people ranging from 12.8 to 2.1.
  • The global ATM market is expected to grow from $19.94 billion in 2021 to $28.82 billion in 2026 at a compound annual growth rate (CAGR) of 6.9%.
  • The number of ATMs in the world decreased to 39.69, which affects the convenience of managing bank accounts.
  • ATM usage remains strong despite the shift to digital banking.
  • Europe has seen a 2% decrease in ATMs since 2021, with the number of ATMs per 10,000 people ranging from 12.8 to 2.1.
  • 3,006 U.S. adults were surveyed in 2019 to explore ATM usage.
  • ATMs allow customers to access bank services 24/7, providing convenience and flexibility.
  • Cash usage for daily transactional purposes is declining, resulting in a challenging position for ATMs.
  • The global ATM market is expected to grow from $19.94 billion in 2021 to $28.82 billion in 2026 at a compound annual growth rate (CAGR) of 6.9%.
  • The banking industry is moving towards digitalisation, which will have a major impact on the ATM industry over the next one, five or ten years.
  • Cash usage is declining for daily transactional purposes, but larger amounts are being held at home, impacting ATM usage.
  • There are around 3.5 million ATMs installed worldwide,
  • More than 50% of banking transactions in India are conducted via ATMs,
  • ATM fees in the US averaged $4.58 per transaction in 2019,
  • ATM usage in the UK declined by around 43% during the COVID-19 pandemic,
  • Around 94% of bank branches in India have ATMs,
  • Japan has the world’s highest number of ATMs per capita, with 127,978 ATMs for 126 million people in 2018,
  • ATM fraud instances have decreased from 1 in every 3.5 million transactions in 2015 to 1 in every 10 million transactions in 2020,
  • About 60% of financial institutions in the US have no plans to invest in new ATMs in 2021,
  • The average lifespan of an ATM is around 7-10 years,
  • In 2021, the global ATM market is valued at approximately $17.9 billion,
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As technology advances, so does the way we use money. Automated Teller Machines (ATMs) have become a staple in our society, providing us with convenient access to our funds. But what do we really know about ATM usage?

In this article, we’ll take a look at some interesting statistics about ATM usage and explore what they mean for the future of banking. We’ll also discuss the implications of these statistics for businesses and consumers. So, let’s dive in and explore the fascinating world of ATM usage statistics.

ATM Usage: Most Important Statistics

Europe has seen a 2% decrease in ATMs since 2021, with the number of ATMs per 10,000 people ranging from 12.8 to 2.1.
ATMs allow customers to access bank services 24/7, providing convenience and flexibility.
The global ATM market is expected to grow from $19.94 billion in 2021 to $28.82 billion in 2026 at a compound annual growth rate (CAGR) of 6.9%.

ATM Usage: Statistics Overview

The number of ATMs in the world decreased to 39.69, which affects the convenience of managing bank accounts.

The number of ATMs available for people to use is decreasing, which can make it more difficult for people to access their funds.

This can be especially problematic for people who rely on ATMs to manage their finances, as they may have to travel further to find an ATM or use other methods to access their funds.

ATM usage remains strong despite the shift to digital banking.

ATMs are still a viable option for consumers, even in a world where cash is used less and less. This is important because it shows that ATMs are still an important part of the banking system, and that they are not going away anytime soon.

The first ATM machine was installed by Barclays Bank in London in 1967, which marked the beginning of the use of plastic payment cards and automated customer identification.

This shows the origin of the technology and the need for simple and efficient access to money that led to the development of ATMs. This is important to understand the current usage of ATMs and how it has evolved over time.

Europe has seen a 2% decrease in ATMs since 2021, with the number of ATMs per 10,000 people ranging from 12.8 to 2.1.

This shows the trend of ATM usage in Europe. As non-cash payments increase and cash payments decline, the number of ATMs is decreasing.

This decrease in ATMs is significant because it indicates a shift away from cash payments and toward digital payments. This shift could have an impact on the economy and financial services industry, as well as on consumer habits.

3,006 U.S. adults were surveyed in 2019 to explore ATM usage.

This provides a snapshot of how adults in the U.S. are using ATMs for cash withdrawals, deposits, and other transaction types. This information can be used to inform decisions about ATM usage and to identify potential areas for improvement.

ATMs allow customers to access bank services 24/7, providing convenience and flexibility.

This allows customers to access banking services at any time, making it easier to manage their finances.

Cash usage for daily transactional purposes is declining, resulting in a challenging position for ATMs.

Cash usage is declining, which means that fewer people are using ATMs to withdraw cash. This could have a negative impact on the ATM industry, as fewer people are using their services.

The global ATM market is expected to grow from $19.94 billion in 2021 to $28.82 billion in 2026 at a compound annual growth rate (CAGR) of 6.9%.

The ATM market is growing and that the demand for ATMs is increasing. This indicates that more people are using ATMs for their banking needs, which is an important indicator of the overall health of the banking industry.

The banking industry is moving towards digitalisation, which will have a major impact on the ATM industry over the next one, five or ten years.

This trend is important for the ATM industry because it will shape the way that customers interact with ATMs and the services that they provide.

As banks move towards digitalisation, ATMs will need to be updated to keep up with the changes and provide customers with the latest features and services. This will help ensure that ATMs remain relevant and competitive in the banking industry.

Cash usage is declining for daily transactional purposes, but larger amounts are being held at home, impacting ATM usage.

The decline in cash usage for daily transactional purposes affects how consumers use ATMs. This means that ATM providers need to be aware of the changing trends in cash usage and adjust their design, deployment, and capabilities accordingly.

There are around 3.5 million ATMs installed worldwide,

This highlights the importance of ATMs in providing convenient access to cash and other banking services. It also serves as a reminder of the sheer number of people who rely on ATMs for their financial needs. This statistic is a key indicator of the impact ATMs have had on the global economy.

The average ATM withdrawal is $80,

The majority of ATM users are likely making withdrawals of around $80, which could be indicative of the types of purchases they are making or the frequency of their withdrawals. This information can be used to gain insight into the spending habits of ATM users and can be used to inform decisions about ATM usage and design.

More than 50% of banking transactions in India are conducted via ATMs,

This highlights the importance of ATMs in providing convenient access to banking services for the people of India. It also shows that ATMs are a reliable and secure way to conduct banking transactions. This information is essential for a blog post about ATM usage statistics, as it provides a clear picture of the current state of ATM usage in India.

ATM fees in the US averaged $4.58 per transaction in 2019,

This provides a valuable insight into the financial burden that ATM usage can place on individuals and businesses. It also serves as a benchmark for comparison with other countries, allowing us to gauge the relative cost of ATM usage in different parts of the world.

ATM usage in the UK declined by around 43% during the COVID-19 pandemic,

This highlights the dramatic shift in consumer behaviour, as people have had to adjust to the new normal of social distancing and reduced contact with physical money. This statistic is a powerful illustration of the changes that have taken place in the banking industry, and it serves as an important reminder of the need for banks to adapt to the changing landscape.

Around 94% of bank branches in India have ATMs,

The vast majority of bank branches have access to this convenient service. This is important in the context of ATM usage statistics, as it shows that the majority of the population has access to ATMs and can take advantage of the convenience they offer.

Japan has the world’s highest number of ATMs per capita, with 127,978 ATMs for 126 million people in 2018,

With such a high number of ATMs per capita, it is clear that the Japanese population has easy access to their money, allowing them to make quick and easy transactions. This statistic is indicative of the high level of financial literacy and technological advancement in Japan, making it a great example for other countries to follow.

ATM fraud instances have decreased from 1 in every 3.5 million transactions in 2015 to 1 in every 10 million transactions in 2020,

The efforts to protect customers from fraudulent activities have been successful, and that customers can now feel more secure when using ATMs. This is an important development in the world of ATM usage, as it allows customers to have greater peace of mind when making transactions.

About 60% of financial institutions in the US have no plans to invest in new ATMs in 2021,

A majority of financial institutions in the US are not planning to invest in new ATMs in 2021. This could mean that the number of ATMs available to customers may not increase, and could even decrease, in the coming year. This could have a significant impact on the convenience and accessibility of ATMs for customers, as well as the overall usage of ATMs.

The average lifespan of an ATM is around 7-10 years,

Knowing the average lifespan of an ATM can help to determine how often ATMs need to be replaced or upgraded, and how much money needs to be allocated for maintenance and upkeep. Additionally, this statistic can help to inform decisions about where to place ATMs and how many ATMs are needed in a given area.

In 2021, the global ATM market is valued at approximately $17.9 billion,

ATMs are a vital part of the financial infrastructure, providing convenient access to cash for consumers and businesses alike. Furthermore, it serves as a reminder of the potential for growth in the ATM market, as the demand for cash continues to rise in many parts of the world.

Conclusion

In conclusion, ATM usage statistics provide a valuable insight into the way that people are using ATMs to access their money. As technology advances, it is likely that ATM usage will continue to increase, and it is important to keep track of these trends in order to ensure that ATM services are meeting the needs of their customers.

By understanding the usage statistics, banks and other financial institutions can better serve their customers and make sure that they are providing the best possible service.

References

1 – https://www.statista.com/statistics/741708/number-of-atms-worldwide/

2 – https://www.optconnect.com/blog-post/5-atm-statistics-and-what-they-mean

3 – https://www.statista.com/topics/3701/atms-in-europe/

4 – https://www.association-secure-transactions.eu/industry-information/atm-numbers-europe/

5 – https://www.paymentsjournal.com/the-demographics-of-atm-use/

6 – https://www.enterpriseappstoday.com/stats/atm-statistics.html

7 – https://finance.yahoo.com/news/atm-cash-usage-trends-2022-082800194.html

8 – https://www.businesswire.com/news/home/20220623005776/en/Global-ATM-Market-2022-to-2031—Featuring-Diebold-Nixdorf-Hyosung-and-G4S-Among-Others—ResearchAndMarkets.com

9 – https://www.atmmarketplace.com/topics/trends-statistics/

10 – https://www.globenewswire.com/en/news-release/2022/07/01/2472690/28124/en/ATM-and-Cash-Usage-Trends-2022-ATM-Surcharging-A-Thaw-In-Resistance.html

11 – https://www.link.co.uk

12 – https://www.statista.com

13 – https://www.gobankingrates.com

14 – https://www.ukfinance.org.uk

15 – https://www.thoughtco.com

Srive – Atm Usage Statistics

FAQs

What is an ATM?

An ATM is an automated teller machine that allows customers to access their bank accounts to withdraw cash, deposit funds, make payments, and check their account balances.

What are the benefits of using an ATM?

The benefits of using an ATM include convenience, quick access to cash, and the ability to conduct banking transactions without visiting a bank branch.

How do I use an ATM?

To use an ATM, customers typically insert their debit or credit card into the machine, enter their PIN, and select the desired transaction.

What should I do if I encounter a problem at an ATM?

If a customer encounters a problem at an ATM, they should contact their bank or the ATM operator for assistance.

Are there any fees associated with using an ATM?

Yes, some banks and ATM operators may charge fees for using their ATMs.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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