The number of ATMs in Sweden per hundred thousand persons has been on a declining trend. In 2013, the value stood at 40.55 units, but by 2023, it had decreased to 24.81 units. This downward trajectory highlights a significant reduction, with notable year-on-year decreases such as 14.21% in 2016 and 7.03% in 2019. The Compound Annual Growth Rate (CAGR) over the last five years shows an average yearly decrease of 4.88%. From 2024 to 2028, the forecasted average yearly decrease is -2.26%, with the forecast for 2028 projecting a total decline of 10.78% from 2023.
Future trends to watch for:
- Continued shift towards digital and mobile banking reducing ATM usage.
- Potential innovation in ATM technology or new uses may stabilize or even slightly increase their numbers.
- Changes in cash usage patterns influenced by economic, social, or regulatory factors.
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