The ATM Managed Services market is segmented by service into electronic journal & content management system, ATM service & repair, ATM deposit automation, ATM transaction processing, cash management, software maintenance and cash reconciliation services. Among these segments, the ATM service & repair and software maintenance are anticipated for a continuous growth over the forecast period which can be attributed to rising concerns for improving the operating experience for customers and to give them a standard user experience. These factors are estimated to drive the growth of ATM managed services market in near future.
The global market for ATM managed services is expected to grow at compound annual growth rate of 11.2% during the period 2017-2024. This can be attributed to rising need of better management of ATMs in order to improve customer’s experience which has further driven the banks to adopt ATM managed services. This factor is estimated to boom the ATM managed services market by noteworthy revenue by the end of 2024.In the regional segment, North America is expected to dominate the ATM managed services market during the forecast period. This can be attributed to the need of better management and maintenance of ATMs in this region. Further, the increase in number of automated teller machines in financial institutes and growing customer expectations with bank services are some of the factors that are envisioned to fuel the growth of Asia Pacific Market of ATM managed services. Moreover, Europe region is also expected to witness a significant growth during the forecast period.
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Wide Scale Usage in Various Industries
Prevalence of ATMs in commercial & public places has increased in order to provide convenience to the customers which is expected to benefit the expansion of ATM managed services market. Further, simplified network operation, system updates, troubleshooting & services are some of the beneficial features of ATM managed services that are likely to escalate the growth of ATM management services market globally.However, factors such as digital payments and cashless transactions are likely to inhibit the growth of the ATM managed services market in the near future.
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The report titled “ATM Managed Services Market: Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation” delivers detailed overview of the ATM managed services market in terms of market segmentation by type, by service and by region.Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the ATM managed services market which includes company profiling of NCR Managed Services, FssTech, Cashlink Global System Pvt. Ltd., Automated Transaction Delivery (ATM Worldwide), Electronic Payment and Services Pvt. Ltd., First Data, CashTrans, Vocalink and QDS (Quality Data Systems).The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the ATM managed services market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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