The number of ATMs in France per hundred thousand persons has been on a consistent downturn from 2013 to 2023, decreasing from 108.95 units to 87.88 units, marking an almost 19% decline over this period. The year-on-year change indicates a steady reduction each year, with a notable 4.01% decline in 2018 and a relatively lower 1.85% decrease in 2023. The Compound Annual Growth Rate (CAGR) over the last 5 years shows an average annual drop of 2.17%, reflecting the trend towards fewer ATMs.
Future predictions suggest a continued gradual reduction in ATM numbers from 2024 to 2028, with an anticipated decrease to 82.35 units by 2028. This forecasted trend is underpinned by a forecast 5-year CAGR of -0.96%, marking a slower rate of reduction compared to recent years, but still pointing towards ongoing decline.
- The decline in ATM numbers is expected to continue, driven by the increasing digitization of banking services and a shift towards cashless transactions.
- Further consolidation among financial institutions might reduce the number of physical ATM networks.
