IMARC Group’s report titled “ATM Managed Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, offers a comprehensive analysis of the industry, which comprises insights on the ATM Managed Services Market Report. The global ATM managed services market size reached US$ 7.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.
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ATM Managed Services Market Trends and Drivers:
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.
Report Segmentation:
The report has segmented the market into the following categories:
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
Market 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
Competitive Landscape with Key Player:
- 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)
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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