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Global ATM Managed Services Market to Reach US$ 10.19 Billion by 2027, Propelled by Expanding BFSI Industry

Published on Sep 15, 2022

The latest report by IMARC Group, titled “ATM Managed Services Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” finds that the global ATM managed services market size reached US$ 7.36 Billion in 2021. ATM managed services, also known as ATM-as-a-service, are professional and comprehensive services provided to several banks, financial institutions, and other business entities for installing ATMs for their business. They provide deposit collection, currency management, camera security, bill payment, cardless transaction, and cash withdrawal and transfers. They also help financial institutions to optimize operational efficiency and improve overall profitability and performance. As a result, various financial institutions are widely adopting ATM-managed services across the globe.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.??

Global ATM Managed Services Market Trends:

The market is primarily driven by the expanding banking, financial, services, and insurance (BFSI) industry. In addition, the implementation of favorable initiatives undertaken by governments of several countries to inhibit the adoption of magstripe cards represents another major growth-inducing factor. Besides this, there have been increasing incidences of fraudulent activities, including magnetic stripe skimming and the extensive uptake of debit cards by consumers. This, coupled with the growing usage of money transaction machines, and the rising security and maintenance concerns among the masses, is facilitating the widespread adoption of ATM-managed services. Moreover, the introduction of self-service software and the large-scale integration of mobile-based technologies and the Internet of Things (IoT) solutions with ATM-managed services is creating a positive market outlook across the globe. Looking forward, IMARC Group expects the market value to reach US$ 10.19 Billion by 2027, exhibiting a CAGR of 5.40% during 2022-2027.

Market Summary:

  • Based on the ATM type, the market has been segmented into conventional and bank ATMs, white label ATMs, brown label ATMs, cash dispensers, smart ATMs, and others.

  • On the basis of the service type, the market has been segregated into ATM replenishment and currency management, network management, security management, incident management, and others.
  • Based on the location, the market has been categorized into onsite, offsite, worksite, and mobile ATMs.
  • Region-wise, the market has been divided into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.

The competitive landscape of the market has been examined in the report, with some of the key players being 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).

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