In 2023, the number of ATMs in Turkey stood at 60.51 thousand units. From 2013 to 2023, the Compound Annual Growth Rate (CAGR) decelerated from 13.84% to 3.1%, demonstrating a gradual slowing in the growth of ATM installations. For the previous two years, the number of ATMs grew by 2.93% in 2022 and 2.79% in 2023. Looking ahead, the forecast for 2028 suggests a 5-year CAGR of 1.9%, with an overall growth rate of 9.87% from 2024 to 2028.
Future trends to watch for include:
- Potential impact of digital banking on ATM usage.
- Technological advancements in ATM functionalities.
- Shifts in consumer behavior towards cashless transactions.
