The forecasted number of ATMs in the UK shows a relatively stable trend from 2024 to 2028, reflecting slight incremental growth each year. In 2023, the number of ATMs stood at 68.24 thousand units. The year-on-year percentage variation for 2024 is 0.16%, for 2025 is 0.16%, for 2026 is 0.16%, for 2027 is 0.15%, and for 2028 is 0.16%. The Compound Annual Growth Rate (CAGR) over the last five years averages at 0.16%.
Future trends to watch for include the ongoing digital transformation in the financial sector, which might affect the demand for physical ATMs. The rise of contactless payments, online banking, and mobile banking applications could potentially lead to a decrease in ATM usage, despite the currently forecasted slight growth. Additionally, advancements in security technology and potential regulatory changes could also impact these trends.
