Press release
Saudi Arabia ATM Market Projected to Reach USD 322.0 Million by 2033
Base Year: 2024
Forecast Years: 2025-2033
Historical Years: 2019-2024
Market Size in 2024: USD 219.6 Million
Market Forecast in 2033: USD 322.0 Million
Market Growth Rate 2025-2033: 3.90%
Saudi Arabia ATM Market Overview
The Saudi Arabia ATM advertise is encountering relentless development, driven by the development of computerized keeping money and self-service innovations. The development of cash reusing ATMs for improved operational effectiveness is additionally contributing to the market's extension.
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Saudi Arabia ATM Market Trends and Drivers
Key trends influencing the Saudi Arabia ATM market include:
Expansion of Digital Banking and Self-Service Technologies:
The ATM showcase in Saudi Arabia is experiencing change with the quick development of advanced keeping money and self-service advances. The Kingdom's Vision 2030 activity emphasizes the improvement of the monetary segment and computerized change. Banks are progressively conveying state-of-the-art ATM arrangements pointed at improving client comfort and operational effectiveness. The selection of contactless, biometric verification, and cardless cash withdrawal highlights are changing conventional ATMs to reduce the dependence on brick-and-mortar bank branches.
Launch of Digital-Only Banks: In February 2025, Saudi Arabia's to begin with digital-only banks propelled with quick selection. D360 Bank debuted in December 2024, taken after by Vision Bank and STC Bank in January 2025, checking a major point of reference in advanced managing an account development. These improvements are ventures in keen ATMs that are AI-enabled and 'always-on' to assist make a consistent keeping money involvement for customers.
Saudi Arabia ATM Market Segmentation
1. By Solution
• Deployment Solutions
• Managed Services
2. By Screen Size
• 15" and Below
• Above 15"
3. By Application
• Withdrawals
• Transfers
• Deposits
• Others
4. By ATM Type
• Onsite ATM
• Offsite ATM
• Worksite ATM
• Mobile ATM
5. By Region
• Northern and Central Region
• Western Region
• Eastern Region
• Southern Region
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Saudi Arabia ATM Market News
February 2025: Saudi Arabia's first digital-only banks launched with rapid adoption. D360 Bank debuted in December 2024, followed by Vision Bank and STC Bank in January 2025, marking a significant milestone in the country's digital banking landscape.
Key Highlights of the Report
1. Market Performance (2019-2024)
2. Market Outlook (2025-2033)
3. COVID-19 Impact on the Market
4. Porter's Five Forces Analysis
5. Strategic Recommendations
6. Historical, Current and Future Market Trends
7. Market Drivers and Success Factors
8. SWOT Analysis
9. Structure of the Market
10. Value Chain Analysis
11. Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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Email: sales@imarcgroup.com
Tel No: (D) +91 120 433 0800
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations.
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