As per the report published by Allied Market Research, the global ATM managed services market generated $6.11 billion in 2019, and is estimated to reach $9.97 billion by 2027, registering a CAGR of 6.5% from 2020 to 2027.
Surge in usage of debit cards for money withdrawal drives the growth of the global ATM managed services market. Asia-Pacific contributed the highest share in 2019, and will maintain its dominance throughout the forecast period.
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However, advent of digital payment platforms such Paytm and Google Pay is anticipated to restrain the growth of the market. Furthermore, increasing demand for ATMs in developing economies such as India and China is expected to create new growth opportunities for the market player during the forecast period.
The demand for mobile ATM is expected to surge during the Covid-19 pandemic to provide banking services to the customers and reduce their risk of traveling for cash withdrawal.
Based on service type, the ATM replenishment & currency management segment contributed to the largest share in 2019, accounting for around two-fifths of the total share, and is estimated to maintain its dominant position during the forecast period. However, the security management segment is estimated to portray the highest CAGR of 7.9% during the forecast period.
Based on ATM locations, the offsite ATMs segment accounted for the largest share in 2019, holding around two-fifths of the total share, and is expected to maintain the largest share throughout the forecast period. However, the mobile ATM segment is expected to register the highest CAGR of 8.1% from 2020 to 2027.
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Based on region, Asia-Pacific contributed the highest share, accounting for more than two-fifths of the total market share in 2019, and will maintain its dominance throughout the forecast period. However, LAMEA is expected to grow at the highest CAGR of 8.1% from 2020 to 2027.
Leading market players analyzed in the research include Cardtronics, AGS Transact Technologies Ltd., Euronet Worldwide, Inc., Diebold Nixdorf, Incorporated, Fiserv, Inc., Financial Software & Systems Pvt. Ltd., Hitachi Payment Services Pvt. Ltd., FUJITSU, NHAUSA, and NCR Corporation.
Top impacting factors
Surge in debit cards usage & demand for advance ATM services
Increased technological developments
Key benefits for stakeholders
- The study provides an in-depth analysis of the global ATM managed services market share along with the current & future trends to elucidate the imminent investment pockets.
- Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided in the report.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
- An extensive analysis of the key segments of the industry helps to understand the global ATM managed services market trends.
- The quantitative analysis of the global ATM managed services market from 2020 to 2027 is provided to determine the market potential.
ATM Managed Services Market Report Highlights
| Aspects | Details |
|---|---|
| By SERVICE TYPE | Network ManagementSecurity ManagementIncident ManagementOthers |
| By ATM LOCATIONS | Onsite ATMsOffsite ATMsWorksite ATMsMobile ATMs |
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The ATM replenishment & currency management segment dominated the ATM managed services industry in 2019 and is projected to maintain its dominance during the forecast period. As the requirement of these services by banks and financial institutions largely takes place for their installed ATM machines and is expected to rise in the upcoming years.
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