ATM Managed Services Market Outlook 2022-2027

Posted 2023-03-30 10:50:22

ccording to the latest report by IMARC Group, titled “ATM Managed Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global ATM managed services market outlook.The report also includes competitor and regional analysis, and contemporary advancements in the market.

Automated teller machine (ATM) managed services, also known as ATM as a service, are comprehensive services offered to numerous financial institutions and banks. Some commonly used ATMs include smart cash dispensers, brown and white labels, and conventional bank ATMs. They provide electronic product delivery, disaster recovery, surcharging options, currency management, full-service adjustment processing, deposit collection, and anti-skimming monitoring facilities.

These services also offer cardless transactions, cash withdrawals and transfers, bill payments, and camera security. In addition, they reduce operating costs, improve customer service, simplify network operation, reduce downtime, provide reliable service and quick response to service call, and enhances overall profitability and performance. As a result, ATM-managed services are gaining traction across the globe.

Market Trends

The market is primarily driven by the increasing demand for advanced ATM services to manage complex operations such as fund transfer, deposit, and cash withdrawal 24×7 across the globe. In addition, the expanding banking, financial, services, and insurance (BFSI) sector and increasing utilization of enhanced security measures such as biometric and one-time password authentication systems to prevent fraud are contributing to the market growth.

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Moreover, various technological advancements, such as the introduction of mobile-based technologies, quicker response (QR) codes, artificial intelligence (AI), blockchain, and the internet of things (IoT) solutions with ATM-managed services, represent another major growth-inducing factor. Besides this, governments of several countries are taking initiatives to promote the uptake of magstripe cards by using Europay MasterCard and Visa (EMV) chips for improved authentication is providing a positive thrust to the market growth. Furthermore, rapid digitizations, the advent of smart ATMs for users with special needs, and strategic collaborations among financial institutions are also creating a favorable market outlook.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

AGS Transact Technologies Ltd., Cardtronics Inc. (NCR Corporation), CMS Info Systems Ltd., Diebold Nixdorf Incorporated, Electronic Payment and Services Private Limited, Euronet Worldwide Inc., Financial Software & Systems Pvt Ltd, Fiserv Inc., Hitachi Payment Services Pvt. Ltd., LD Systems, Quality Data Systems Inc., TetraLink and Vocalink (Mastercard Inc).

Report Segmentation:

The report has been segmented the market into following categories:

Breakup by ATM Type:

· Conventional ATM and Bank ATM

· White Label ATM

· Brown Label ATM

· Cash Dispenser

· Smart ATM

· Others

Breakup by Service Type:

· ATM Replenishment and Currency Management

· Network Management

· Security Management

· Incident Management

· Others

Breakup by Location:

· Onsite ATMs

· Offsite ATMs

· Worksite ATMs

· Mobile ATMs

Breakup by Region:

North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa

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