As the cost of owning an Automatic Teller Machine (ATM) is increasing with evolving technology, and new compliant standards, demand for ATM managed services is increasing. ATM managed services help financial institutions maximize operational efficiency and improve performance. Financial institutions can outsource the entire ownership, management, and operation of ATMs. Furthermore, growing urbanization and population in emerging economies is expected to increase the number of ATMs deployed thus subsequently driving the ATM managed services market growth over the forecast period.
Market Dynamics
The demand for big data analytics in the banking sector is expected to drive market growth during the forecast period. The demand for data analytics is increasing in the financial industry. This is attributed to the latest technological advancements in ATMs and increase in banking transactions through video technology/remote teller technology. There is a significant increase in customer adoption of self-service channels, which, in turn, increases demand for data analytics in the ATM industry to understand consumer behavior and preferences. These tools are used by many companies to forecast demand and to provide good services to the consumers. For instance, in July 2017, DBS Bank Ltd. used analytic techniques such as cloud computing, artificial intelligence, and data analytics to make better decisions, forecast market trends, and provide good customer experience. Furthermore, financial institutions are deploying advanced data models to produce a wide range of customized statistics and are focused on customer satisfaction by analyzing their behaviors through advanced techniques. For instance, in October 2019, Diebold Nixdorf expanded its product portfolio with a new managed mobility service that provides real-time business analytics to get data insights and help in decision-making to optimize business processes and enhance consumer experience.
The rising usage of internet connected devices ATMs is also driving the market growth during the forecast period. The need to get smarter by integrating smart technologies such as near field communication (NFC) and QR codes to offer better experience to the smartphone users. This will mitigate fraud activities such as card skimming and card trapping. For instance, in September 2019, according to the data collected by the Reserve Bank of India (RBI), Indian banks lost 14.5 million due to theft and online fraud. Furthermore, the integration of ATM with smartphones offer many services to financial institutions such as save transactions for future reference, provide quick transactions from previous history, card less ATM access through mobile phones, and others, which helps financial institutions to be on par with digitalization.
Key features of the study:
- This report provides in-depth analysis of the global ATM managed services market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020– 2027), considering 2019 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
- It profiles leading players in the global ATM managed services market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
- Companies covered as a part of this study include FSS Tech (Financial Software & Systems Pvt. Ltd.), CashLink Global Systems Pvt. Ltd., Automated Transaction Delivery (ATM Worldwide), Fiserv, Inc. (First Data), Electronic Payment and Services Pvt. Ltd., CashTrans, Vocalink, QDS (Quality Data Systems), CMS Info Systems, NCR Corporation, TetraLink, Hitachi Payment Services Pvt. Ltd., LD Systems, Fiserv, Cardtronics
- Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
- The global ATM managed services market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global ATM managed services market
Detailed Segmentation
- Global ATM Managed Services Market, By ATM Type:
- Conventional ATM/Bank ATM
- White Label ATM
- Brown Label ATM
- Cash Dispenser
- Smart ATM
- Others
- Global ATM Managed Services Market, By Service:
- Electronic Journal & Content Management System
- ATM Service & Repair
- First Line ATM Maintenance
- Second Line ATM Maintenance
- ATM Deposit Automation
- ATM Transaction Processing
- Cash Management
- Software Maintenance
- Cash Reconciliation Services
- Global ATM Managed Services Market, By Region:
- North America
- By ATM Type:
- Conventional ATM/Bank ATM
- White Label ATM
- Brown Label ATM
- Cash Dispenser
- Smart ATM
- Others
- By Service:
- Electronic Journal & Content Management System
- ATM Service & Repair
- First Line ATM Maintenance
- Second Line ATM Maintenance
- ATM Deposit Automation
- ATM Transaction Processing
- Cash Management
- Software Maintenance
- Cash Reconciliation Services
- By Country:
- Europe
- By Component:
- By ATM Type:
- Conventional ATM/Bank ATM
- White Label ATM
- Brown Label ATM
- Cash Dispenser
- Smart ATM
- Others
- By Service:
- Electronic Journal & Content Management System
- ATM Service & Repair
- First Line ATM Maintenance
- Second Line ATM Maintenance
- ATM Deposit Automation
- ATM Transaction Processing
- Cash Management
- Software Maintenance
- Cash Reconciliation Services
- By Country:
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By ATM Type:
- Conventional ATM/Bank ATM
- White Label ATM
- Brown Label ATM
- Cash Dispenser
- Smart ATM
- Others
- By Service:
- Electronic Journal & Content Management System
- ATM Service & Repair
- First Line ATM Maintenance
- Second Line ATM Maintenance
- ATM Deposit Automation
- ATM Transaction Processing
- Cash Management
- Software Maintenance
- Cash Reconciliation Services
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- By ATM Type:
- Conventional ATM/Bank ATM
- White Label ATM
- Brown Label ATM
- Cash Dispenser
- Smart ATM
- Others
- By Service:
- Electronic Journal & Content Management System
- ATM Service & Repair
- First Line ATM Maintenance
- Second Line ATM Maintenance
- ATM Deposit Automation
- ATM Transaction Processing
- Cash Management
- Software Maintenance
- Cash Reconciliation Services
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East and Africa
- By ATM Type:
- Conventional ATM/Bank ATM
- White Label ATM
- Brown Label ATM
- Cash Dispenser
- Smart ATM
- Others
- By Service:
- Electronic Journal & Content Management System
- ATM Service & Repair
- First Line ATM Maintenance
- Second Line ATM Maintenance
- ATM Deposit Automation
- ATM Transaction Processing
- Cash Management
- Software Maintenance
- Cash Reconciliation Services
- By Country/Region:
- GCC Countries
- South Africa
- Rest of Middle East and Africa
- Company Profiles
-
- FSS Tech (Financial Software & Systems Pvt. Ltd.)*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/ Updates
- CashLink Global Systems Pvt. Ltd.
- Automated Transaction Delivery (ATM Worldwide)
- Fiserv, Inc. (First Data)
- Electronic Payment and Services Pvt. Ltd.
- CashTrans
- Vocalink
- QDS (Quality Data Systems)
- CMS Info Systems
- NCR Corporation
- TetraLink
- Hitachi Payment Services Pvt. Ltd.
- LD Systems
- Fiserv
- Cardtronics
“*” marked represents similar segmentation in other categories in the respective section.
