The Growing ATM Deployment, Rising Banking Population, and Proliferation of ATMs in Rural and Semi-Rural Areas to Drive the ATM Managed Services Market in India: Ken Research

ByKen Research

 India ATM Managed Services Market Ecosystem

India ATM Managed Services Market is in the development stage, being driven by the increasing banking population, along with higher outsourcing by PSU Banks and Transparency in System. Major entities in the market are ATM Manufacturers, Managed Service Providers, Cash Management companies and others which are contributing to the increasing revenues of the market.

ATM Managed Services Market

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Key Market Findings:

  • There will be an increase in the demand for Managed Services owing to the increase in the number of ATMs in the country, especially in the rural and tier IV areas.
  • In the future, it is anticipated that revenue from ATM Site Management will increase at a CAGR of 5.7% during the period FY’2022 – FY’2027.
  • The expansion of ATM deployment and manufacturing businesses will be supported by upgrades to current ATMs, a boom in the use of cash recyclers, and the installation of new ATMs in rural areas.

The surge in Cash withdrawal and a Higher Demand for ATMs in the Future: In the future, growing numbers of ATMs would be installed in outlying areas which are less accessible to service and maintenance teams. While the cash recyclers, which typically have a shorter lifespan than cash dispensers, are set to grow as a share of the total ATMs installed. These factors are expected to shorten average ATM replacement cycles. However, to reduce costs, deployers may attempt to make their machines last longer, perhaps by repairing terminals that would otherwise be replaced. Growth in debit cards and increasing direct benefit transfers will lead to a surge in cash withdrawal and a higher demand for ATMs in the future, which will imply banks to outsource more ATMs.

Financial Inclusion will drive the Demand: In the future, it is anticipated that the majority of the revenue through ATM managed services would be generated from ATM Site Management such as man guarding, payment of rent, network services and other cash management services. The government schemes for financial inclusion such as PMJDY (Pradhan Mantri Jan Dhan Yojna) will drive the demand for ATM supply in the future.

Focus on the profitability: The per transaction fees tend to remain oligopolistic in nature which compels the company to reduce its cost of operations and come up with new techniques such as Solar ATMs, micro-ATMs, streamlining of operations and other ways to sustain its profitability. The country’s economic expansion, an increase in income levels primarily in metropolitan areas as a result of an increase in employment prospects, and the transition from class banking to mass banking have contributed to the growth of the ATM business in recent years.

Analysts at Ken Research in their latest publication “India ATM Managed Services Market outlook to FY2027” observed the potential of ATM-managed services in India. The increasing number of ATMs in India, technological advancements, the improving banking services in India, and the increased number of banked populations are expected to contribute to the market growth over the forecast period. The India ATM Managed Services Market is expected to grow at 5.4% CAGR over the forecasted period FY’2022-FY’2027F owing to the increasing demand for managed services by banks in rural and semi-urban areas.

Key Segments Covered in the Report

ATM Managed Services Market:

  • By Type of Service Offerings
  • Site Management
  • Cash Management
  • ATM Supply
  • Transaction Processing
  • Repair and Maintenance
  • Cash Reconciliation Statement
  • Content and Electronic General Management
  • By Type of ATM
  • Managed Services
  • Brown Label ATM
  • Managed By Banks
  • White Label ATM
  • By ATM Machine
  • Cash Dispenser
  • Cash Recycler
  • By Model
  • Fixed Pay
  • Variable Pay

Cash Management Market:

  • Types of Services
  • ATM Replenishment
  • CIT
  • CPD
  • Others
  • Market Share of Major Players
  • By no. of ATM Replenished
  • By Revenue

ATM Supply Market:

  • By shipments:
  • New Shipments
  • Replacement
  • Market Size by Revenue
  • Market Share of Major Players by no. of ATMs supplied

Key Target Audience

  • ATM Managed service providers
  • Cash management companies
  • ATM Manufacturers
  • White Label ATM Management companies
  • Public and Private Sector Banks including Payments Banks
  • Reserve Bank of India (RBI) and NHB
  • ATM Switch companies
  • Cash Reconciliation Companies
  • Digital Payments Merchants
  • VC & PEs, Investment Bankers

  Time Period Captured in the Report:

  • Historical Year: FY2016-FY2026
  • Base Year: FY2022
  • Forecast Period: FY2022 – FY2027F

Companies Covered:

  • Hitachi Payments
  • AGS Transact
  • Diebold Nixdorf
  • NCR Corporation
  • Euronet
  • FSS
  • FIS
  • Tata Communication Payment
  • EPS
  • CMS Infosystems
  • Writer Business Services
  • Hyosung
  • OKI
  • Perto
  • Brink’s Arya
  • SIS Prosegur
  • And Others

Key Topics Covered in the Report

  • India ATM Managed Services Market Size (FY’2016-FY’2022)
  • India ATM Managed Services Market Overview
  • India ATM Managed Services Market Segmentation By Type Of ATMs (Managed Services, Brown Label ATM, Managed By Banks, White Label ATMs)
  • India ATM Managed Services market Segmentation By Type Of ATM Machine (Cash Dispensing And Cash Recyclers)
  • India ATM Managed Services Market Segmentation By Service Offerings (ATM Repair And Maintenance, ATM Site Management, Transaction Processing, Cash Reconciliation Statement, Content And Electronic Journal Management )
  • India ATM Managed Services Market Segmentation By Business Model (Fixed Pay Model And Variable Pay Model)
  • India ATM Cash Management Services Market Segmentation By Services  (ATM Replenishment, CIT, CPD And Others)
  • India ATM Managed Services market Ecosystem And Value Chain Analysis
  • Snapshot on India ATM Cash Management Services Market.
  • Snapshot on India ATM Supply Market
  • Decision Making Process And Tender Process Applicable In India ATM Managed Services Market
  • Trend And Developments In India ATM Managed Services Market
  • Issues And Challenges In India ATM Managed Services Market
  • Impact of Demonetization and COVID-19 on the ATM Managed Services Market
  • Current Deployment and Future growth of Cash Recycling Machines in India
  • Recent Investment Details (Mergers, Acquisition And Partnerships) In India ATM Managed Services Market
  • Complete Competition Analysis Including Heat Maps & Strength and Weakness Of The Major Companies.
  • Competitive Landscape Of Major Players In India ATM Managed Services Market
  • SWOT Analysis Of India ATM Managed Services Market
  • Future Outlook And Projections Of India ATM Managed Services Market (FY’2022-FY’2027F)
  • Analyst Recommendations

For more insights on the market intelligence, refer to the link below

India ATM Managed Services Market

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