ATM Managed Services Market Overall Study Report 2024-2033 | Microsoft Corporation, IDoneThis, Oracle, Google, IBM, Apple

Overview and Scope

ATM-managed services are a range of services offered to financial firms, banks, and other organizations that build and operate ATMs. They streamline operations and provide visibility into the cost, condition, and dependability of the ATM.

Sizing and Forecast

The atm managed services market size has grown strongly in recent years. It will grow from $8.26 billion in 2023 to $8.89 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%.  The  growth in the historic period can be attributed to cost efficiency, regulatory compliance, security concerns, increasing atm networks, consumer convenience.

The atm managed services market size is expected to see strong growth in the next few years. It will grow to $12.21 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%.  The growth in the forecast period can be attributed to data analytics integration, globalization and expansion, cloud-based solutions, remote monitoring and maintenance, partnerships and collaborations. Major trends in the forecast period include security and compliance focus, technology advancements, cloud-based solutions, data analytics for performance optimization.

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The atm managed services market covered in this report is segmented –

1) By Type: ATM Replenishment and Currency Management, Network Management, Security Management, Incident Management, Other Types
2) By ATM Locations: Onsite ATMs, Offsite ATMs, Worksite ATMs, Mobile ATMs
3) By Application: ATM Service, CMS, Other Applications

Asia-Pacific was the largest region in the ATM-managed services market share in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the atm managed services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

An increase in debit-card usage is expected to propel the growth of the ATM-managed services market going forward. A debit card is a type of payment card that allows you to make safe and simple transactions online and in person by drawing money. The value of each debit card transaction is deducted straight from the user’s connected bank account, whether it is a cash withdrawal from an ATM or an internet payment. Furthermore, an increase in card transactions has increased the number of debit card holders, which has raised the need of ATM management services. For instance, in November 2022 according to UK Finance, a UK-based trade group for the banking and financial services sector, there were 2.1 billion debit card transactions in August 2022, an increase of 8% from August 2021. The overall expenditure was $78.01 billion (£64.1 billion), which was 4% more than in August 2021. Therefore, the increase in debit-card usage is expected to drive the ATM-managed services market.

Key Industry Players

Major companies operating in the atm managed services market report are Ags Transact Technologies Ltd., Cardtronics Inc., Diebold Nixdorf Incorporated, Euronet Worldwide Inc., Financial Software & Systems Pvt. Ltd., Fiserv Inc., Hitachi Payment Services Pvt. Ltd., CMS Info Systems Ltd., Electronic Payment and Services Pvt. Ltd., Adam Hall Group, QDS Inc., TetraLink, Mastercard Inc., FUJITSU Ltd., Hyosung Corporation, Beijing Choice Electronic Technology Co. Ltd., Automated Transaction Delivery, Drägerwerk AG & Co. KGaA, Cashlink Global Systems Pvt. Ltd., CashTrans LLC, NCR Managed Services Corp., Transact Technologies Ltd., Vocalink Ltd., Honeywell International Inc., Brink’s India Pvt. Ltd., Loomis India Pvt. Ltd., Prosegur India Pvt. Ltd., G4S Security Services India Pvt. Ltd., ATM World Corp., ATM Solutions Pvt. Ltd.

The atm managed services market report table of contents includes:

1. Executive Summary

2. ATM Managed Services Market Characteristics

3. ATM Managed Services Market Trends And Strategies

4. ATM Managed Services Market – Macro Economic Scenario

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31. Global ATM Managed Services Market Competitive Benchmarking

32. Global ATM Managed Services Market Competitive Dashboard

33. Key Mergers And Acquisitions In The ATM Managed Services Market

34. ATM Managed Services Market Future Outlook and Potential Analysis