ATM Managed Services Market By ATM Type (Conventional ATM,
White Label ATM, Black Label ATM, Cash Dispenser, Smart ATM) 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) and Region - Global Forecast to 2024
ATM
managed services deal with proper maintenance of ATM and also assures
standardized processing of ATM network. ATM managed service provider work in a
way to reduce the potential of ATM related issues. Further, ATM managed
services offer features such as ATM monitoring, ATM management, ATM
procurement, cash management and provides services to the banks in order to
improve the customer’s experience. Moreover, ATM managed services also let ATMs
to operate on similar software interface in order to provide consumers with a
standard user experience. ATM managed services also manage the standardization
of features including camera security, cash transfer, bill payment, card less
transaction, cash withdrawal and other additional features.
Market Size & Forecast
Global ATM
managed services market is expected to grow at compound annual growth rate of
11.2% during the forecast period i.e.2017-2024. Rising need for better
management of ATMs in order to improve customer’s experience has led banks to
adopt ATM managed services. Further, global ATM managed services market is anticipated to grow at maximum
pace during the forecast period on the account of growing global ATM market.
In terms
of region, global ATM managed services market is expected to be dominate by
North America region during the forecast period. Rising need for better
management and maintenance of ATMs is a key factor which is likely to bolster
the market of ATM managed services in North America region. Moreover, U.S. is
expected to dominate the market of ATM managed services in this region over the
forecast period.
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Over the
past few years, it has been observed that the number of automated teller
machines is increasing in Asia Pacific region. Additionally, number of
financial institutes and ATMs is increasing rapidly in this region. Growing
consumer’s expectations with bank services in Asia Pacific region is another
serious factor which is envisioned to fuel the growth of ATM managed services
market in this region. Additionally, recent demonetization in India has fueled
the need for proper management of ATM channel in this country. This growing
need for better ATM management system is likely to be the dynamic factor behind
the growth of ATM managed services market in Asia Pacific region.
Moreover,
Europe region is also expected to witness a significant growth during the
forecast period. This growth of ATM managed services market in Europe region
can be attributed to factors such growing concern among various financial
institutions towards consumer’s experience.
Market Segmentation
Our-in
depth analysis of the global ATM managed services market includes the following
segments:
By ATM
Type
Conventional
ATM
White
Label ATM
Black
Label ATM
Cash
Dispenser
Smart ATM
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 Region
Global ATM
managed services market is further classified on the basis of region as
follows:
North
America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity
Analysis
Latin
America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth &
Opportunity Analysis
Europe
(U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands &
Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity
Analysis
Asia-Pacific
(China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market
size, Y-O-Y growth & Opportunity Analysis.
Middle
East and Africa (GCC, North Africa, South Africa, Rest of Middle East &
Africa) Market size, Y-O-Y growth & Opportunity Analysis
Growth Drivers & Challenges
In order
to provide convenience to the customers, prevalence of ATMs in commercial &
public places has increased over the past few years. Further, growing number of
ATMs is a key factor which has outpaced the demand for ATM managed services.
Further, adoption of ATM managed services is growing just to assure smooth and
error less management of ATMs.
Furthermore,
additional advantages of ATM managed services including compliance with new
regulations, improved operational profit & loss and other advantages are
anticipated to be the major drivers to the growth of global ATM managed
services market.
In
addition to this, security of ATM booths is one of the major concerns for the
banks. ATM managed services also help banks in order to update security
technology and improve safety level of ATM. This feature of ATM managed
services is anticipated to fuel the demand for these services in near future.
Some other
advantages offered by ATM managed services are simplified network operation,
system updates, troubleshooting & services. These beneficial features of
ATM managed services are likely to escalate the adoption rate of these services
in the banks during the forecast period.
However,
encouragement of cashless transactions and digital payments by banks and
government is reducing the demand for ATMs which further is expected to inhibit
the growth of global ATM managed services market. This factor is expected to
hinder the growth of global ATM managed services market.
Key Players
NCR
Managed Services
Company
Overview
Key
Product Offerings
Business
Strategy
SWOT
Analysis
Financials
FssTech
Cashlink
Global System Pvt. Ltd.
Automated
Transaction Delivery (ATM Worldwide)
Electronic
Payment and Services Pvt. Ltd.
First Data
CashTrans
Vocalink
QDS
(Quality Data Systems)
Scope
& Context
Overview
of the Parent Market
Analyst
View
Segmentation
The global
ATM managed services market is segmented as follows:
By ATM
Type Market Size & Y-O-Y Growth Analysis
By Services
Market Size & Y-O-Y Growth Analysis
By Region
Market Size & Y-O-Y Growth Analysis
Market
Dynamics
Supply
& Demand Risk
Competitive
Landscape
Porter’s
Five Force Model
Geographical
Economic Activity
Key
Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent
Trends and Developments
Industry
Growth Drivers and Challenges
Key
Information for Players to establish themselves in current dynamic environment
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