The analysis of the number of Automated Teller Machines (ATMs) in Bangladesh per 100,000 persons reveals a substantial upward trend over the period from 2013 to 2023, with the figure standing at 13.11 units in 2023. When evaluating the data, the year-on-year variations indicate robust growth rates overall, although these rates have moderated over time. Notably, significant year-on-year increases were observed in the early years, peaking at 22.88% in 2015, tapering to 6.76% in 2023. The last reported five-year Compound Annual Growth Rate (CAGR) up to 2023 averages at 8.01%.
For the years following 2023, the projection indicates a continued but more tempered increase in the number of ATMs, with a variation of 4.28% CAGR forecasted for the next five years up to 2028. This implies a growth rate of 23.33% over the entire forecast period. This anticipated steadier growth can be attributed to market saturation, technological advancements, and potential shifts towards digital banking.
Future trends to watch for include the increasing adoption of digital and mobile banking solutions, which may impact the demand for physical ATMs. Additionally, policy changes and financial inclusion initiatives by the government could further influence the number and distribution of ATMs in rural and urban areas.
