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

The number of ATMs in Indonesia, measured in units per hundred thousand persons, showed significant growth from 2013 to 2015, with a peak in annual growth rates of 17.6% and 17.11% respectively. Following this peak, the growth rate slowed down significantly, and by 2016, the year-on-year variation was only 2.59%. Between 2017 to 2020, the numbers experienced a decline, with 2020 showing a year-on-year decrease of -3.28%. A downward trend appeared evident during this period.

The downward trend continued into 2021 with a -6.91% decrease but saw a slight recovery in 2022 and 2023 with year-on-year increases of 3.33% and 3.1% respectively. As of 2023, the number of ATMs stood at 51.23 units per hundred thousand persons. Forecasts predict a gradual rise from 2024 onwards, with a 5-year CAGR of 1.95%, anticipating a modest but steady increase in ATM units reaching 58.04 by 2028, marking a 10.11% growth over the period.

Future trends to watch for include the impact of digital banking on ATM usage, regulatory changes that could influence the density of ATMs, and the adoption of new financial technologies that could either complement or replace traditional ATM functions. Monitoring these factors will be crucial in accurately forecasting the demand for ATMs in the coming years.