Global ATM Managed Services Market Overview:
ATM Managed Services are a comprehensive set of services offered to maintain and upgrade ATMs. The services offered include atm repair and service, cash management, electronic journalism, software maintenance, etc. This helps in efficient working of the ATMs as well as helps in fraud detection and prevention. Increase in Debit Card and Credit Card holders led to the growth of ATM Management Services. Other than that, improvement in payment solutions technology, and frequent frauds have also acted as drivers of atm management services market. Emergence of Digital end to end cashless payment mechanism, though may act as a hindering factor for the growth of the atm managed services market. Geographically, Asia Pacific is expected to be largest market, driven by large population and increasing ATM infrastructure in the region.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Conventional ATMs Account for the Largest Market Share
Market Growth Drivers:
Increasing Debit and Credit Card Penetration in Market, Expansion of ATM Infrastructure all across the World and Rising Incidents of ATM Frauds both Physical and Cyber
Challenges:
Improving the Quality of Services Offered in ATM and Improving the Infrastructure of ATM
Restraints:
Emergence of End to End Cashless Payment Mechanisms
Opportunities:
Companies should capitalise on Smart ATM section
Competitive Landscape:
Some of the key players profiled in the report are Hitachi Payment Services Pvt. Ltd. (India), Hyosung Tns Inc. (South Korea), Fujitsu Ltd. (Japan), Diebold Nixdorf Inc. (United States), Fiserv Inc. (United States), EURONET WORLDWIDE INC. (United States), NCR Corp. (United States), Oki Electric Industry Co. Ltd. (Japan), AGS Transact Technologies Ltd. (United States) and CMS Info Systems Ltd. (India). Additionally, following companies can also be profiled that are part of our coverage like Financial Software & Systems Pvt. Ltd. (India), Cardtronics (United States) and QDS, Inc. (United States). Considering Market by Service , the sub-segment i.e. ATM Service & Repair will boost the ATM Managed Services market. Considering Market by ATM Location , the sub-segment i.e. On-Site will boost the ATM Managed Services market.
Latest Market Insights:
In 2020, CMS Info Systems Ltd., a India based one of the market leaders in cash management and payments solutions has announced acquisition of ATM business of Logicash Solutions. This acquisition leads the number of ATMs under CMS from earlier 62000 number to now 72000. This further strengthens CMS position in Indian Market.
In 2019, Hitachi Payment Services Pvt. Ltd., which is a leader in digital and cash payment solutions has announced strategic acquisition of 26% stake in SBI Payment Services. The deal will help increase synergy between the two companies, as SBI can use Hitachi’s digital expertise to increase the number and value of transactions through technological solutions.
What Can be Explored with the ATM Managed Services Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global ATM Managed Services Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in ATM Managed Services
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global ATM Managed Services market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in ATM Managed Services market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes ATM Managed Services Providers, Component Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Analysts and Strategic Business Planners, Government Regulatory and Research Organizations and End-Use Industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.