Global ATM Managed Services
Market Report
2024
the global ATM Managed Services market size was USD 6.9 billion in 2022 and will grow at a compound annual growth rate (CAGR) of 6.90% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global ATM managed services market size was USD 6.9 billion in 2022 and will grow at a compound annual growth rate (CAGR) of 6.90% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global ATM Managed Services Market Sales Revenue 2022 | $ 6.9 Billion |
Global ATM Managed Services Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.9% |
Market Split by Service Type |
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Market Split by ATM Location |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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ATM Managed Services Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Many banks, financial institutions, and other commercial organizations that install ATM machines for their operations are provided with an expert and extensive suite of services known as ATM Managed services or ATM-as-a-service. It deals with and performs a variety of services, such as cash management, security, maintenance, caretaking, replenishing ATMs, maintaining the ATM network, purchasing ATMs, and installing ATMs. As the banking, financial, services, and insurance (BFSI) industry has grown significantly, there is an increasing need for advanced ATM services to access a variety of complex procedures. The increased use of cash registers and the growing maintenance and security concerns, which are some of the major factors driving market expansion, serve as additional justification for this.
These advancements allow businesses to offer more specialized goods and services, promoting the growth of ATM Managed services.
For instance, in June 2021, the $2.5 billion acquisition of Cardtronics Inc. by NCR Corporation, a US-based corporate technology supplier for software and hardware services, is now complete. Through this acquisition, NCR Corp will be able to advance its as-a-service strategy and improve its ability to offer technology capabilities and solutions that assist its clients in managing their businesses. A US-based supplier of consumer cash access services and management systems for ATMs is Cardtronics Inc.
(Source:www.businesswire.com/news/home/20210621005376/en/NCR-Completes-Transaction-with-Cardtronics)
Smart ATMs have been introduced, which can readily interface with users' cellphones through near-field communication (NFC) technology, to lower the risk of ATM scams, including card skimming and card trapping. By creating a code that customers use to unlock their bank accounts and then withdraw cash from an ATM with the tap of a mobile device, NFC technology sends data wirelessly between the ATM and the mobile app. With the advent of smart ATMs, technological improvements have lessened the inconvenience of carrying ATM cards. Thus, smartphone apps contribute to the security of financial transactions, supporting the expansion of the ATM sector. Additionally, integrating cutting-edge security technologies like voice recognition, EMV acceptance, and biometrics gives clients' financial transactions an added layer of security.
The banking industry is essential to a nation's economy. New technologies like blockchain, AI, and financial cybersecurity have made automation possible. NFC technology transmits data wirelessly between the ATM and the mobile app by generating a code that clients use to unlock their bank accounts and then withdraw money from an ATM with the tap of a mobile device. Technology advancements have made carrying ATM cards less cumbersome with the introduction of smart ATMs. Thus, smartphone applications help the growth of the ATM industry by enhancing the security of financial transactions. Modern security innovations like voice recognition, EMV acceptance, and biometrics are also integrated to further secure client financial transactions.
The COVID-19 epidemic has had a substantial negative impact on the market for ATM Managed services. The market for ATM replenishment & money management services has been particularly hampered since it requires restocking ATMs and direct interaction with consumers. Because their personnel has run into multiple issues as a result of different external national settings, ATM service providers are likewise concerned about the problem. However, enterprises in the market are implementing a number of security measures, including thorough sanitization and worker safety, especially for the cash management team
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Key competitors regularly engage in strategic projects, such as partnerships, mergers, acquisitions, facility expansions, and collaborations, which have an effect on the market's dynamics.
September 2022: The plan to divide NCR into two distinct, publicly traded companies, one focused on digital commerce and the other on ATMs, was unanimously authorized by the board of directors of NCR Corporation, a prominent enterprise technology provider to banks, retailers, and restaurants. The separation is anticipated to be tax-free and is scheduled for the end of 2023.
August 2022: Wendy's and NCR Corporation have a long-standing agreement that will now include data services delivered through the NCR Commerce Platform.
Top Companies Market Share in ATM Managed Services Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, Asia Pacific dominated the market in 2022. Several financial institutions are switching their preference toward ATMs to cut expenses, boost revenue, build client loyalty, and improve consumer interaction with bank employees. The main factors driving the ATM Managed services market are economic growth, increased disposable income, particularly in metropolitan areas, and a paradigm shift from class banking to mass banking. Due to the high population density in metropolitan regions, banks have concentrated their efforts to increase revenue.
According to Cognitive Market Research, during the projection period, China is anticipated to grow at a considerable CAGR. Throughout the projected period, it is predicted that ATM Managed service consumption in China would increase. This is due to the country's growing use of ATM technology. The report by Stratagem Market Insights indicates that as of 2018, the nation had 924,177 registered ATMs, making it the nation with the most ATMs (by number) in the whole world. Rapid technological usage in the banking and financial industry is another factor boosting the market for ATM Managed services in China. To provide clients better services, several businesses are partnering with payment platforms.
Over the projection period, North America is expected to see the fastest growth. The implementation of ATMs across many nations is encouraged by the rise in demand for automated systems, security for both online and offline transactions, and a growing emphasis on avoiding lengthy lines in banks for tasks like deposits and transfers. Financial institutions, ATM manufacturers, and banks have begun implementing biometric devices, speech recognition systems, and anti-skimming techniques to reduce the risk of fraud, which has driven the adoption of advanced ATMs.
The current report Scope analyzes ATM Managed Services Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global ATM Managed Services Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing ATM Managed Services Industry growth. ATM Managed Services market has been segmented with the help of its Service Type, ATM Location , and others. ATM Managed Services market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, the security management category primarily focuses on protecting the security of automated teller machines (ATMs) and the data they handle in the market for ATM managed services. This can involve actions like keeping an eye out for unwanted access, putting encryption into place, managing software updates, and carrying out routine security audits to guard against breaches and safeguard private financial data. Assuring the security of the ATMs and the transactions they support is an essential component of ATM management.
The second-largest market sector is network management. ATM network management services offer configuration setup and assist in maintaining a better ATM network, increasing the market viability of ATM networks. Network management is a well-known service that major banks, global corporations, and others favor
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During the projection period, the offsite ATM segment contributed the most to the market. Offsite ATMs are stand-alone machines placed in locations with higher consumer traffic than bank locations. These ATMs are either rented from outside vendors or owned by the banks. Additionally, they make it possible for customers to conduct financial transactions whenever it is convenient for them, which greatly aids in the expansion of the global industry.
The segment for onsite ATMs is the second-largest. Customers prefer onsite ATMs over off-site ones since they save time and don't have to wait in large lines at the bank. Because they are simple to use, convenient for cash withdrawals, and speed up transactions, onsite ATMs have seen tremendous expansion in recent years. ATMs can help people become less reliant on banks for their cash deposits, transfers, and withdrawals. These tools lower the possibility of making mistakes, ensuring error-free financial transactions
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Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global ATM Managed Services Market is witnessing significant growth in the near future.
In 2023, the Network Management segment accounted for noticeable share of global ATM Managed Services Market and is projected to experience significant growth in the near future.
The Onsite ATMs segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies NHAUSA , FUJITSU and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Increased Use of Debit Cards will Help the Market Expand.The increased use of cash registers and the growing maintenance and security concerns, which are some of the major factors driving market expansion, serve as additional justification for this.
Disclaimer:
Service Type | Network Management, Security Management, Incident Management, Others |
ATM Location | Onsite ATMs, Offsite ATMs, Worksite ATMs, Mobile ATMs |
List of Competitors | NHAUSA, Cardtronics, FUJITSU, Fiserv, Inc, AGS Transact Technologies Ltd, Diebold Nixdorf, Incorporated, Financial Software & Systems Pvt. Ltd, Euronet Worldwide, Inc, Hitachi Payment Services Pvt. Ltd, NCR Corporation |
This chapter will help you gain GLOBAL Market Analysis of ATM Managed Services. Further deep in this chapter, you will be able to review Global ATM Managed Services Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Service Type Analysis 2019 -2031, will provide market size split by Service Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Service Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by ATM Location Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global ATM Managed Services market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Network Management have a significant impact on ATM Managed Services market? |
What are the key factors affecting the Network Management and Security Management of ATM Managed Services Market? |
What is the CAGR/Growth Rate of Onsite ATMs during the forecast period? |
By type, which segment accounted for largest share of the global ATM Managed Services Market? |
Which region is expected to dominate the global ATM Managed Services Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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