Forecast: Number of ATMs (Automated Teller Machines) in Malaysia

From 2013 to 2023, the number of ATMs per hundred thousand persons in Malaysia shows a declining trend until 2018, followed by a moderate rebound with fluctuations thereafter. The value stood at 54.71 units per hundred thousand persons in 2023. The year-on-year variations indicate significant negative changes around 2014-2015 and 2016, with a notable positive spike in 2019 and smaller fluctuations in recent years. The CAGR over the last five years averaged at about 1.72% up to 2023.

Looking forward, the forecasted data from 2024 to 2028 suggests a stabilization with minimal annual growth rates, indicated by a forecast 5-year CAGR of 0.15%. Overall, the number of ATMs per capita is expected to show a slight positive trend but with minimal growth.

Future trends to watch for:

• Technological advancements in digital banking reducing the need for physical ATMs.
• Continued development of mobile banking solutions.
• Potential economic factors affecting bank investments in ATM infrastructure.
• Changes in consumer behavior and preferences towards cashless transactions.