Increasing Number of ATMs Drives US Cash Management Services Market at a CAGR of Around 7.99%

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The US Cash Management Services Market size was valued at around USD 388.19 million in 2024 and is projected to reach USD 629.22 million in 2030. Along with this, the market is estimated to grow at a CAGR of around 7.99% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. The rise in the number of ATMs (Automated Teller Machines), growing crime incidents at ATM premises, and high demands for cash are some of the factors driving the Cash Management Services Market in the United States.

The US is witnessing the closure of banks’ branches, especially in far-flung regions, which creates the need for other banking solutions such as ATMs. These machines are helping to promote financial inclusion and ensure access to important banking offerings. According to farmdocDAILY, Illinois, the number of FDIC-insured commercial banks has declined speedily over the duration. In the historical duration, the number of such banks counted at 14,483, which decreased to 4,027 in the year 2023, registered a big decline of 72.19%. This decline in branches is improving the setup of ATMs by those banks, permitting individuals to have suitable access to cash withdrawals. Thus, with the sharp rise in the number of ATMs, demand for cash management services is anticipated to increase in the coming years.

Moreover, innovation and development in ATMs are also boosting the market boom. AI-powered ATMs correctly dispense cash, contributing to elevated profitability in the banking sector. Smart ATMs help to optimize bodily space and provide advanced self-service banking options, leading to the boom of AI-powered machines, which will similarly increase the demand for cash management services in the United States. Additionally, severe security concerns amongst clients are also increasing the demand for appropriate cash management services. These services help protect machines from hacking attempts, fraud, and physical tampering through 24/7 monitoring.

Outsourcing ATM management additionally reduces the costs related to maintaining an in-house crew for cash replenishment, hardware preservation, safety monitoring, and troubleshooting. By the usage of third-party ATM management services, end users, such as banks and independent ATM deployers, are operating more efficiently, further states the research report, “US Cash Management Services Market Analysis, 2025.”

US Cash Management Services Market Segmentation Analysis

ATM Monitoring is the Most Preferred Cash Management Service

Based on the service type, the market is further bifurcated into ATM/CDM Hardware and Software Solutions, Managed Service, 24/7 incident and helpdesk Management, ATM Monitoring, ATM Site Identification and Preparation, Cash Management, Reconciliation & Cash Optimization. Among these, ATM Monitoring leads the US Cash Management Services Market by holding a significant share of around 30%, owing to the need to maintain the stable performance of machines and increasing security issues, among others, further alleviating the need for ATM monitoring services in the country.

Bank the Primary Users of Cash Management Services

Here, the Bank segment dominates the US Cash Management Services Market due to increasing demand for cash among consumers. According to the Federal Reserve, cash usage has increased in recent years, leading to an increase in the withdrawal of cash from ATMs, further driving the cash management services market. Moreover, the high demand for cash is also raising the number of cash withdrawal machines in the United States leading to the increasing Bank ATM installations that enable cash withdrawals and also offer additional services such as deposits and bill payments, improving banking accessibility, which is further increasing the need for cash management services in the country.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including Brink’s company, Loomis Armored US, LLC, Allied Universal, NCR Atleos, CSC Global, Black Rock (Cachematrix Software Solutions, LLC), Diebold Nixdorf, Firstnbtc (First National Bank and Trust Company), FCTI Inc., Banco Bilbao Vizcaya Argentina, S.A., and Others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the country?
4. How has the industry been evolving in terms of geography & service adoption?
5. How has the competition been shaping up across the country?
6. How have buying behavior, customer inclination, and expectations from service providers been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?