Skip to main content

ATM Managed Services Market: Increased technological developments Fuels Growth

Written by Customer Service on . Posted in Public Companies.

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. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios.

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. 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.

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.

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.

Covid-19 scenario:

Banks have urged their customers not to visit their branches to avoid spread of Covid-19, and to use ATM-based services such as cash withdrawal, cash deposit, and transaction statement.
The increased fear of infection through usage of high traffic ATM-based services has forced people to opt digital payment solutions. This is expected to decrease the demand for ATM managed services.
The report offers detailed segmentation of the global ATM managed services market based on service type, ATM locations, and region.

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.

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.
For more information, visit: https://www.alliedmarketresearch.com/atm-managed-services-market

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.