Security

ATM security market to reach $32+B by 2032

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November 15, 2023

The ATM security market will grow from $13.7 billion in 2022 to $32.4 billion by 2032 at a compound annual growth rate of 9.2% from 2023 to 2032, according to research from Allied Market Research. The increase in skimming, malware attacks and regulations is driving growth in this market, according to a press release.

Key findings in the report include:

• Anti-skimming accounted for the largest share in 2022.
• Bank and financial institutions make up more than three fourths of security market revenue.
• Offsite ATM held highest market share.
• North America held highest market share but Asia-Pacific will grow at the fasted CAGR of 11.9%.