The Business Research Company’s report on the ATM Managed Services Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the atm managed services market further?
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. Therefore, the increase in debit-card usage is expected to drive the ATM-managed services market.
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What are the key factors influencing the forecasted market size of the atm managed services industry?
The ATM managed services market size has grown strongly in recent years. It will grow from $8.81 billion in 2024 to $9.45 billion in 2025 at a compound annual growth rate (CAGR) of 7.2%. 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 $13.36 billion in 2029 at a compound annual growth rate (CAGR) of 9.0%. 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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Who are the leading competitors in the atm managed services market?
Major companies operating in the ATM managed services market 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.
Which emerging trends are set to transform the atm managed services market landscape?
Product Innovations are a key trend in gaining popularity in the ATM managed services market. Major companies operating in the ATM managed services market are focused on developing innovative solutions to strengthen their position in the market. For instance, in July 2022, Nautilus Hyosung America Inc., a US-based cash management and payments platform service provider, launched a suite of products to improve cash management and enable cash-to-digital interactions. The product set comprises the series X METAKIOSK, X10 CASH-IN SIDECAR, and HERO cash dispenser CAJERA CR-E, all of which have superior modular design, convenient and engaging functionality. It is intended for company owners who desire to deliver excellent customer service.
How do different geographies compare in terms of market share and growth potential in the atm managed services market?
Asia-Pacific was the largest region in the ATM-managed services market share in 2024. 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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Which major segments of the atm managed services market are experiencing the fastest growth?
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
Subsegments:
1) By ATM Replenishment and Currency Management: Cash Replenishment Services, Cash Forecasting And Management, ATM Cash Optimization
2) By Network Management: Network Monitoring And Performance Management, Network Configuration And Maintenance, Remote Management Services
3) By Security Management: Physical Security Services, Fraud Detection And Prevention, Cybersecurity Solutions
4) By Incident Management: Incident Response And Recovery, Troubleshooting And Technical Support, Reporting And Analysis
5) By Other Types: Maintenance And Repair Services, Software And Firmware Management, Compliance And Regulatory Services
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What defines the structure and scope of the atm managed services market?
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.
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