Download PDF Sample
ATM Managed Services Market
“ATM replenishment & currency management is expected to attain significant market share in the upcoming years, owing to rise in demand for live track on cash status, advanced ATM monitoring tools, and direct access to accountability for currency management which are becoming major trend in the ATM managed services market.�
Pramod Borasi Research Analyst, BFSI at Allied Market Research
Download PDF Sample
ATM Managed Services Market
According to a recent report published by Allied Market Research, titled, “ATM Managed Services Market by Service Type, and ATM Location: Opportunity Analysis and Industry Forecast, 2020-2027,� the global market was valued at $6.1 billion in 2019, and the ATM managed services market size is projected to reach $9.9 billion by 2027, growing at a CAGR of 6.5% from 2020 to 2027. Increased in implementation & adoption of digitalized technologies such as self-service software, EVM chip cards, mobile-based technology, Internet of things (IoT), and others provide easy access to several complex services such as transfer of money between accounts, check clearance, and bill transfer, among others. Thus, to enhance revenues and provide convenience & efficiency services, and reduce operational cost, banks, financial institutions, and others are integrating digitalized technologies for their installed ATM machines. This is a major factor driving the ATM managed services market growth. In addition, rise in debit card usage are another driving factor in the market, as consumers tend to expect instant & advance ATM services for withdrawing cash and availing other such services.
Download PDF Sample
ATM Managed Services Market
In addition, demand for ATM managed services are thus expected to gain momentum pace in the upcoming years, as integration of technologies such as blockchain, artificial intelligence, internet of things (IoT), and others will allow ATM managed service providers to execute stringent security & ultimately fulfill the demands of ATM machine users in the market. Furthermore, increased ATM machines in the Asia-Pacific region is one of the major factors expected to provide lucrative opportunities for ATM managed services providers in order to expand their offerings and provide customized portfolios in the ATM managed services market. On the basis of ATM location, the offsite ATMs segment dominated the ATM managed services industry in 2019 and is projected to maintain its dominance during the forecast period. With public &private sector banks integrating offsite ATMs to increase their service network across various locations, the demand for ATM services has gained a rapid pace in the market. Therefore, demand for these ATM locations acts as a key factor for the growth of ATM managed services, which is expected to grow at a significant CAGR during the forecast period.
Download PDF Sample
ATM Managed Services Market
The qualitative data in the report aims on the speech recognition market trends, dynamics, and developments in the industry while the quantitative data provides information regarding the market share and market size in terms of revenue and volume. Key Findings of the Study:
By ATM location, the offsite ATMs segment led the ATM managed services market size in terms of revenue in 2019. By service type, the ATM replenishment & currency management segment accounted for the highest share in 2019. By region, Asia-Pacific generated the highest revenue in 2019.
Download PDF Sample
ATM Managed Services Market
Major Companies: AGS Transact Technologies Ltd. Cardtronics Diebold Nixdorf, Incorporated Euronet Worldwide, Inc. Financial Software & Systems Pvt. Ltd. Fiserv, Inc. FUJITSU Hitachi Payment Services Pvt. Ltd. NCR Corporation NHAUSA.
Download PDF Sample
ATM Managed Services Market Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free (USA/Canada): +1-800-792-5285, +1-503-894-6022, +1-503-4461141 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-2066346060 Fax: +1⟨855⟩5505975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com
Download PDF Sample