US Cash Management Services Market Research Report: Forecast (2025-2030)

Market Definition

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Market Insights & Analysis: US Cash Management Services Market (2025-30):

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. The cash management services industry has attained substantial growth due to factors such as the rising number of Automated Teller Machines, growing crime incidents at ATM premises, and high demand for cash. In the US, the number of machines is expanding, owing to continuous demand for cash accessibility. As per the ATM Industry Association, in 2021, the figure was observed at around 499,000 units, which increased to 520,000 in the year 2022. This surge in numbers is enhancing the adoption of cash management services such as hardware and software maintenance and upgrades, and cash management, among others.

Financial inclusion is another factor raising the number of cash withdrawal machines in the United States. The country is among the top four countries with the highest financial inclusion depicting that a major proportion of individuals in the country have bank accounts which is leading to the expansion of cash withdrawal, further increasing ATM installations that enable cash withdrawals and also offer additional services such as deposits and bill payments, improving banking accessibility, and further alleviating the need for cash management services in the country.

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Furthermore, criminal incidents at ATM premises are also soaring in the country, which has aided market growth. Crime and vandalism of machines are on the rise, leading to unlawful incidents at ATM premises. Based on data from ATIMA, there was a 165% increase in crime incidents from 2021 to 2022. Thus, to mitigate this, the country is adopting monitoring services, which are further driving market growth.

Moreover, the demand for cash is high in the country owing to factors such as increasing tourism. The country is observing an influx of tourists, leading to the escalation of the demand for cash withdrawals, especially in major cities and tourist hotspots. International visitation in the country increased by 246% from 2020 to 2023, based on data from the US Department of Commerce. This surge has heightened the activity of ATMs located at strategic locations such as airports, shopping malls, and tourist attractions, further raising the demand for cash management services in the country.

US Cash Management Services Market Driver:

Rise in Number of ATMs Driving Market Growth – In recent years, the country has observed the closing of branches of banks at various locations, particularly in rural areas, leading to the establishment of new ATMs. In recent years, banks have been closing more branches than they are opening, with the top five banks such as U.S Bank, JP Morgan Chase, Commercial Bank, PNC Bank, and Wells Fargo banks closing a total of 148 locations in the second quarter of 2024, up from 100 net closures in the first quarter.

Another reason for the increase in the number of ATMs in the country is the individual’s busy schedule. A country like the United States has a very busy life schedule, where one doesn’t get free time to visit banks to withdraw cash. Americans prefer cash withdrawals from ATMs rather than visiting the Bank. This preference for cash withdrawal from ATMs is increasing the number of ATMs in the country, which is further alleviating the adoption of services such as ATM Monitoring, Hardware & Software maintenance, and upgrade services, among others, further driving the market.

US Cash Management Services Market Opportunity:

Growing Demand for ATMs in Underserved Areas – The US is the biggest market for ATMs globally, and ATMs can be found everywhere in the country, leading to an increase in cash management services. The demand for these machines in underserved areas in the country is also rising, which is going to provide opportunities to the market players in the future. In underserved areas, including rural ones, individuals have to travel long distances to access cash, due to which banks are setting up ATMs in these areas, which would increase the demand for cash management services, ultimately anticipated to generate ample growth opportunities for the market in the future.

US Cash Management Services Market Challenge:

Rising Fraud and Cyber Attacks in ATMs – Fraud and Cyberattacks are common everywhere in the world, including in the US. Nowadays, cyber attackers are installing hidden devices in ATM card readers, leading to the theft of cash from ATMs. They are also injecting malicious software into the ATM's operating system through physical access or remotely via the internet. The attackers then forced the ATM to dispense large amounts of cash, causing the machine to release funds without validation. Additionally, jackpotting has been gaining more attention in recent years. Attackers are compromising ATMs in a coordinated fashion by using malware. Moreover, the incidence of physical attacks is also rising in the country, due to which the Cash Management Services Market might be hindered in the coming years.

US Cash Management Services Market Trend:

Innovation & Advancements in ATM Technology – Innovation and advancements in ATMs are ongoing trends globally, including in the US market. AI (Artificial Intelligence) in ATM systems helps in optimizing cash management services, monitors ATM software and connections, and also offers advanced physical security measures. AI helps analyze historical transaction data and withdrawal patterns, along with AI algorithms that accurately predict cash demand for each ATM. This allows both independent ATM deployers and banks to optimize their cash management strategies, ensuring that ATMs are stocked with only the necessary amount of cash at any given time, further leveraging the market in the future.

US Cash Management Services Market (2025-30): Segmentation Analysis

The US Cash Management Services Market study of MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment. It includes predictions for the period 2025–2030 at the national level. Based on the analysis, the market has been further classified as follows:

Based on Type:

• ATM/CDM Hardware and Software Solutions
• Managed Services
• 24/7 incident and helpdesk Management
• ATM Monitoring
• ATM Site Identification and Preparation
• Cash Management
• Reconciliation and cash Optimization

The US Cash Management Services Market is led by the ATM Monitoring segment with a share of approximately 30%. The ATM monitoring market is increasing due to the rising incidents of ATM robbery in the country. Every year in the country, the rate of TAM robbery is increasing.  It has become so common that there is news of an ATM Attack almost every week, due to which the attention to the problems is also increasing, leading to a higher demand for ATM monitoring services in the United States. In every state, there are different types of crimes happening. Texas and California are facing theft of ATMs, while other states are facing skimming and high incidences of jackpotting, leading to the demand for ATM monitoring services in the country.

According to a United States Attorney’s Office report, in 2024, a robbery in Washington was reported that led to losses of USD 8 million. Similarly, in 2024, according to the federal indictment, robberies across Northern California also occurred that led to the theft of USD 226,000. Therefore, the increase in ATM robbery incidents in several regions is leading to the adoption of ATM monitoring services.

Based on End User:

• Bank
• Independent ATM Deployers

Based on end user, the US Cash Management Services Market is led by the Bank segment, holding a significant share of the market of around 80%. Cash management services are becoming more widespread in the banking sector due to their large-scale network of ATMs in the country. Moreover, the bank has been setting up plans for the upgrading of old ATMs at various locations to provide security and easy cash accessibility to their customers. According to the National Community Reinvestment Coalition (NCRC), in 2022, U.S Bancorp announced five five-year community benefits plans, under which U.S. banks committed to upgrade functionality and accessibility of legacy U.S Bank ATMs, leading to an increase in adoption of cash management services, driving the market growth.

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