Industry Overview ofATM Managed Services Market

IMARC Group, a leading market research company, has recently releases report titled ATM Managed Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. The study provides a detailed analysis of the industry, including the global atm managed services market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

What is ATM Managed Services?

Automated teller machine (ATM) managed services represent a range of comprehensive services provided to numerous financial institutions and banks. It offers deposit collection, currency management, electronic product delivery, surcharging options, disaster recovery, full-service adjustment processing, and anti-skimming monitoring facilities. In addition, ATM managed services give camera security, bill payment, cardless transaction, and cash withdrawal and transfers as additional features. This, in turn, aids financial institutions in optimizing operational efficiency, emphasizing productive operations, ensuring cardholder satisfaction, and improving overall profitability and performance. Presently, it is commercially available in cash dispensers, conventional, smart, white, and brown label ATM types.

How Big Is the ATM Managed Services Market?

What Are the Growth Prospects and Trends in TheATM Managed Services Industry?

The escalating demand for advanced automated teller machine services to access several complex operations, on account of the expanding banking, financial services and insurance (BFSI) sector, is among the key factors driving the ATM managed services market. Moreover, the growing usage of money transaction machines and the rising security and maintenance concerns are also stimulating market growth. Besides this, the increasing instances of fraudulent activities, such as magnetic stripe skimming and the extensive uptake of debit cards by consumers, have facilitated the widespread adoption of ATM managed services, which is acting as another significant growth-inducing factor. Furthermore, the launch of favorable initiatives undertaken by government bodies of various countries to inhibit the uptake of magstripe cards by using EMV chips for enhanced authentication is further propelling the global market. Apart from this, the introduction of self-service software and the large-scale incorporation of mobile-based technologies and the Internet of Things (IoT) solutions are positively influencing the market growth. Additionally, rising digitization and strategic collaborations amongst financial institutions are anticipated to fuel the ATM managed services market over the forecasted period.

What is included in market segmentation?

The report provides detailed segmentation of the global atm managed services market based on based on ATM type, service type, location and region.

Breakup by ATM Type:

• Conventional ATM and Bank ATM
• White Label ATM
• Brown Label ATM
• Cash Dispenser
• Smart ATM
• Others

Breakup by Service Type:

• ATM Replenishment and Currency Management
• Network Management
• Security Management
• Incident Management
• Others

Breakup by Location:

• Onsite ATMs
• Offsite ATMs
• Worksite ATMs
• Mobile ATMs

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
  

The report provides a comprehensive analysis of the industry key players listed below:

AGS Transact Technologies Ltd., Cardtronics Inc. (NCR Corporation), CMS Info Systems Ltd., Diebold Nixdorf Incorporated, Electronic Payment and Services Private Limited, Euronet Worldwide Inc., Financial Software Systems Pvt Ltd, Fiserv Inc., Hitachi Payment Services Pvt. Ltd., LD Systems, Quality Data Systems Inc., TetraLink and Vocalink (Mastercard Inc)