What Is The Current and Historic Market Size Analysis Of The ATM Managed Services Market?
The atm managed services market has seen considerable growth due to a variety of factors.
• In recent times, there has been a robust expansion in the market size of ATM managed services. This market is projected to increase from $8.81 billion in 2024 to $9.45 billion in 2025, with a compound annual growth rate (CAGR) of 7.2%. Factors contributing to the growth during the historic period include cost efficiency, regulatory compliance, security issues, a rise in ATM networks, and enhanced consumer convenience.
What Are The Predictions for The ATM Managed Services Market Size In The Coming Years?
The ATM Managed Services market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, the market size for ATM managed services is predicted to witness a robust expansion. The market is projected to reach $13.36 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 9.0%.
This growth during the forecast period can be associated with the incorporation of data analytics, globalization and enlargement, cloud-oriented solutions, distant monitoring, and servicing, along with partnerships and alliance. The prominent trends to watch for during the forecast period involve a heightened focus on security and compliance, advancements in technology, an increase in cloud-based solutions, and the use of data analytics to enhance performance.
Which Drivers Are Accelerating Growth In The ATM Managed Services Market?
The expected surge in the use of debit cards is set to boost the ATM-managed services market. Debit cards, a category of payment cards, facilitate secure and straightforward online and in-person transactions by drawing funds directly from the associated bank account, regardless of whether it's an ATM cash withdrawal or online payment. The upsurge in card transactions has amplified the count of debit cardholders, thereby escalating the demand for ATM management services. For example, UK Finance, a UK-based banking and financial services trade association, reported in November 2022 that debit card transactions in August 2022 were 2.1 billion, showing an 8% rise compared to August 2021. Consequently, the growing usage of debit cards is envisaged to fuel the ATM-managed services market.
What Are The Core Segments Of The Global ATM Managed Services Market?
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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Which Emerging Trends Are Reshaping The ATM Managed Services Market Size?
The key trend in the ATM managed services market is product innovation. Companies leading the market are focusing on creating unique solutions to fortify their market stance. In a notable instance, Nautilus Hyosung America Inc., a US-based cash management and payment service provider, unveiled a new product suite in July 2022 to enhance cash management and facilitate cash-to-digital transactions. It introduced a series including X METAKIOSK, X10 CASH-IN SIDECAR, and HERO cash dispenser CAJERA CR-E, all marked by their exceptional modular design and useful, appealing functionality. These products are designed to help business owners provide outstanding customer service.
Who Are the Key Players In The ATM Managed Services Market?
Major companies operating in the ATM managed services market include:
• 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.
What Are The Regional Insights Into 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.
