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

The number of ATMs in Egypt has experienced a consistent year-on-year growth from 2013 to 2023. In 2023, the number stood at 38.48 units per hundred thousand persons, marking a 16.5% increase from 2022. Over the last five years, the CAGR was notably high at 15.5%. The actual data reflects a progressive increase in ATM installations, punctuated by significant jumps such as the 24.93% growth in 2021 and the 19.85% in 2022.

Forecasts suggest a continued upward trajectory, with the number of ATMs per hundred thousand persons expected to reach 65.3 by 2028. The projected 5-year CAGR from 2024 to 2028 is 8.27%, indicating a steady albeit more moderate pace of growth.

Future trends to watch for:

• The push towards financial inclusion through digital banking initiatives may influence ATM deployment.
• Technological advancements in ATMs, including multi-functional machines, could change the landscape of ATM usage.
• Government and regulatory policies aiming to improve banking infrastructure in rural areas.
• The impact of mobile banking and online financial services on traditional ATM demand.