Based on the forecast data, the number of ATMs per hundred thousand persons in Norway is expected to decline significantly from 2024 to 2028. In 2024, the forecasted number is 18.61 ATMs, which is set to decrease to 7.38 ATMs by 2028. Year-on-year, we observe the following variations: from 2024 to 2025, a decrease of 15.19%; from 2025 to 2026, a decrease of 17.88%; from 2026 to 2027, a decrease of 21.60%; and from 2027 to 2028, a decrease of 27.36%. The Compound Annual Growth Rate (CAGR) for the period 2024 to 2028 stands at -20.55%, indicating a significant yearly decline in the number of ATMs per hundred thousand persons.
Future trends to watch for include the increasing adoption of digital banking alternatives, potential regulatory changes impacting ATM deployment, and advancements in fintech that could further reduce the need for physical ATMs. Monitoring these factors will be crucial in understanding the trajectory of ATM usage in Norway.
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