About ATM Outsourcing
ATM Outsourcing market is expected to mark significant growth over the forecasted period owing to constant changes and updates for technology and compliance in ATM and emerging economies' dependency on cash. ATM outsourcing provides management of all processes related to ATM such as renting of ATMs, a variety of ATM models, full maintenance and monitoring of ATM. The major companies are focusing on customer satisfaction by outsourcing customer care service. Moreover, increasing demand from developing countries owing to growth in the banking industry and providing services through ATM further propelling market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
ATM Outsourcing is a fragmented market due to the presence of various players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global ATM Outsourcing market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cardtronics (United States), FIS (United States), CashTrans (United States), Asseco (Poland), Burroughs (United States), ATMJ (Canada), NCR (United States), NuSourse (United States), Dolphin Debit (United States) and Transaction Solutions International (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Provus ( Turkey), GRG Banking (China) and King Teller (China).
Segmentation Overview
AMA Research has segmented the market of Global ATM Outsourcing market by Type (ATM Monitoring Outsourcing, ATM Operation Outsourcing, ATM Full Outsourcing and Other Outsourcing), Application (In-bank Mode and Off-bank Mode) and Region.
On the basis of geography, the market of ATM Outsourcing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Screen Size, the sub-segment i.e. 15" and Below will boost the ATM Outsourcing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Avabilitity of Banking Functionality to Consumers Through the ATM Channel such as Cash Deposit
Market Growth Drivers:
Upgrading ATM Infrastructure to Enhance Security and Convenience and Increasing Number of Banks across the Wolrd
Restraints:
Increasing Usages of Digital Payments such as Mobile Payments, Credit and Debit Cards
Opportunities:
Constant Changes and Updates for Technology and Compliance, ATM Outsourcing Eliminate Responsibility for Maintaining Regulatory Compliance and Managing Cash Replenishment can be Difficult for a Financial Institution to Handle on its Own
Market Leaders and their expansionary development strategies
In July 2019, NCR Corporation announced that the company has acquired D3 Technology, Inc. Adding D3 immediately expands NCR Digital Banking into new market segments, including U.S. large banks and over time, international banks.
In Oct 2019, NCR Corporation released Vision SaaS, the industry-leading NCR self-service device management solution. With this move to a SaaS model, Vision is now a hosted software solution to provide banks or credit unions full visibility and control over their ATM channel, driving improved availability, security and compliance, better consumer experiences and business performance.
According to the Electronic Fund Transfer Act (Regulation E), the owner of an ATM was required to both posts a physical notification and an on-screen notification that a fee is charged for providing the service of its machine. The physical notice was to be posted on the machine or somewhere visible to a user at the machine.
Key Target Audience
ATM Manufacturers, Potential Investors and ATM Service Provider
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.