What is the Size of ATM Market in India | Insights, Trends & Growth Analysis 2025

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Code: MTA10837

Publication Date: Nov 2025

What is the growth rate of the India ATM Market?

According to 6Wresearch internal database and industry insights, the India ATM Market is expected to grow at a CAGR of 6.80% during 2025-2031.

The main drivers of this growth are the increasing banking penetration into underserved zones, the rising requirement for cash-access points as digital payments expand, and the deployment of advanced ATM technologies offering enhanced functionality and improved cost-efficiency for operators.

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Growth Factors for India ATM Industry

Expansion of bank branch networks and white-label ATM models into semi-urban and rural locations boosting deployment.
Rising consumer expectation of 24/7 cash access and diversified self-service transactions at ATMs.
Technological innovation such as smart ATMs, biometric authentication and cash-recycling machines enhancing user experience.
Growth of managed ATM services enabling banks to outsource operations and reduce maintenance burdens.
Regulatory support and financial inclusion initiatives fostering greater ATM network expansion across regions.

India ATM Market Trends

The India ATM Market is adopting trends such as the shift to smart, multi-functional ATM units capable of deposits, cardless withdrawals and interactive services. There is a rise in white-label ATMs operated by non-bank entities, particularly in lower-density areas. Also, an increasing focus on cost optimisation is encouraging banks to upgrade to energy-efficient models and remote-monitoring systems, thereby extending the lifecycle of ATM assets and improving service resilience.

Emerging Developments in the India ATM Market

The India ATM Market is seeing developments including the rollout of ATMs with cash-recycle and cardless options enabling deposit and withdrawal via mobile credentials. Deployment of ATMs in retail and convenience environments is increasing to meet consumer demand for convenient access points. Further, banks and service providers are forming partnerships with technology firms to integrate biometric authentication, digital signage and real-time monitoring, enhancing security and uptime of ATM networks.