Global ATM Service Market Overview:
ATM is the most important customer touchpoint, providing an opportunity for banks and financial institutions to generate incremental revenue as well as attract new customers. ATMs are critical self-service channels that need to be monitored and managed to ensure business continuity and positive customer experience. ATM Services help reduce risk, optimize cash levels and maximize transaction volume.
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:
Increased technological developments
Market Growth Drivers:
Increasing Numbers of Banks Worldwide, Banks Are Looking To Outsource ATM Deployment and Management to Expert Partners for Service Efficiency at Reduced Costs and The Growing Demand for Convenient, Efficient, and Time-Saving Services
Challenges:
Growing demand for interactive machines and managed services in the financial sector
Restraints:
The Growing ATM Security Concerns and Recent Years Have Seen a Significant Decline in the Use of Cash
Opportunities:
The Growing Demand for the ATM Services from the Developing Countries
Competitive Landscape:
Some of the key players profiled in the report are NCR Corporation (United States), Cardtronics, Inc. (United States), Euronet Worldwide (United States), Diebold Nixdorf, Incorporated (United States), Payment Alliance International (United States), Asseco South Eastern Europe (Poland), CashLink Global Systems Pvt. Ltd. (India), Hitachi Payment Services Pvt. Ltd. (Japan), Brink's Incorporated. (United States) and Evry (Norway). Analyst at AMA Research see United States Players to retain maximum share of Global ATM Service market by 2028. Considering Market by Banks Type, the sub-segment i.e. Private Banks will boost the ATM Service market.
Latest Market Insights:
On 4 July 2018, EVRY has reached a definitive agreement with Geldservice Nederland B.V (GSN), a company that is a joint venture of the three largest banks in the Netherlands. The ATM service agreement runs for five years and represents a contract value in excess of NOK 500 million.
On 18 June 2019, Payment Alliance International (PAI), a leader in ATM portfolio management products and services, announced that it has acquired Massachusetts-based ATM operator ISA-Ecash. The acquisition adds 40 plus financial institution customers with 960 ATMs located throughout the Northeast to PAI’s existing nationwide network of more than 75,000 ATMs. The acquisition also encompasses ISA-Ecash’s industry-leading ATM Manager Pro software offering, which makes it easier for ATM deployers to maintain total command of ATM and cash operations. ATM Manager pro currently supports more than 270,000 ATMs across America.
What Can be Explored with the ATM Service Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global ATM Service Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in ATM Service
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 Service 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 Service 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 service Providers, Public & Private Banks, Regulatory & Government Bodies, End Users and Others.
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.