The number of ATMs in Denmark has been in a consistent decline from 2013 to 2023, decreasing from 56.13 units per hundred thousand persons in 2013 to 38.56 units in 2023—a drop of roughly 31%. The year-on-year decline has varied, with the sharpest annual decrease of 5.02% occurring in 2020. The Compound Annual Growth Rate (CAGR) over the last five years (2019-2023) is approximately -3.81%. Forecasts for 2024 through 2028 suggest a continued decline, although at a slower pace, with a forecasted five-year CAGR of -1.53% resulting in a projected rate of 34.78 units per hundred thousand persons by 2028.

Future trends to watch for:

Increasing adoption of digital banking services further reducing ATM usage.
Potential restructuring or consolidation within the banking sector impacting the number of physical ATMs.
Emergence of alternative cash withdrawal and deposit options via retail stores and other venues.