The global ATM market will grow at a compound annual growth rate of 6% from 2021 to 2025, according to a report by Technavio. It will also grow at 4.86% in 2021.
When it comes to COVID-19, the report said that the impact of the pandemic on ATMs will normalize by the third quarter of 2021 in the best case, and the first quarter of 2022, in the worst case. Other findings include:
– Mobile ATMs are the largest driver of the market.
– Offsite ATMs were the biggest ATM segment in 2020.
– 48% of growth will come from the Asia-Pacific market.