Growing ATM Deployment, Increasing Bankable Population and Proliferation of On-Site ATMs to Drive the ATM Managed Services Market in India: Ken Research

Growth in Branchless Banking: Banks are focusing on improving the branchless banking in India by creating E-Lobbies, which are specifically designed to improve the customer service and ease of doing transactions. The e-lobbies are allowing banks to offer customers all banking transactions, information and solutions round the clock through deployment of cash recyclers, cash dispensers and multi-functioning kiosks. E-lobbies deployed by banks provide self-service facilities including cash withdrawals, cash deposits, card-to-card transfers, passbook printing, NEFT, SMS alerts and many such banking services without the help of the physical staff of the bank. With the changing dynamics of digital payments, ATMs, which are now a prominent fixture in every Indian town, are proving insufficient for the transitioning requirements of digitally savvy customers. Accordingly, e-lobbies and cash recyclers have been launched to enhance customer experience, and these services have proved extremely beneficial.

Increased focus on Innovation: As market awareness increases, the ATM equipment manufacturers are focusing more on product innovation and addition of latest technologies. Self Service ATM is one such breakthrough technology that combines multiple features into a single machine. These ATM machines serve as a one stop solution for tasks such as cash deposit, withdrawal, check deposit, coin dispense, internet banking, other banking products and solutions such as credit cards & loans, opening and changing of bank accounts, options for video assisted remote teller so that the bank could step forward towards branch automation.

Surge in Debit Card Usage and Demand for advanced ATM Services: Due to in an increase in government initiatives such as PMJDY, the debit card penetration has grown tremendously in India and is anticipated to grow in the future. As a result, with the increment of debit card usage, customers tend to expect instant and advance ATM services for withdrawing cash and availing other services. Therefore, banks and financial institutions have reinvested in their ATM managed services in order to accelerate better user experience in the market. Thus, increased usage of debit cards at the ATMs is fueling the growth of ATM Managed Services Market in India.

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The report titled “India ATM Managed Services Market Outlook to FY2026” by Ken Research suggested that the ATM Managed Services Market is expected to grow at a single digit positive CAGR. Increasing number of ATMs and higher dependency on MSPs by the Banks are driving the market in India. The ATM Managed Services revenue in India is expected to grow over the next few years owing to the increasing demand for managed services by the banks in rural and semi-urban areas.

Key Segments Covered in the Report:-

ATM Managed Services Market

Market Size – By Revenue

Market Segmentation – By Type of Service Offerings (Site Management, Cash Management, ATM Supply, Transaction Processing, Repair and Maintenance, Cash Reconciliation Statement, Content and Electronic General Management)

Market Segmentation – By Business Model (Managed Services, Brown Label ATM, Managed By Banks, White Label ATM)

Market Segmentation –By ATM Machine (Cash Dispenser and Cash Recycler)

Market Segmentation – By Model (Fixed Pay, Variable Pay)

Market Share of Major Players in the ATM Managed Services Market

Cash Management Market

Market Size by Revenue

Market Segmentation (ATM Replenishment, CIT, CPD and Others)

Market Share of Major Players – By no. of ATM Replenished

Market Share of Major players – By Revenue

ATM Supply Market

Market Size by Revenue

Market Share of Major Players by no. of ATMs supplied

Key Topics Covered in the Report:-

India ATM Managed Services Market Size (FY’2016-FY’2021)

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.

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’2021-FY’2026E)

Analyst Recommendations

Time Period in the Report:-

Historical Period: FY’2016-FY’2021

Forecast Period: FY’2022E–FY’2026E

Key Target Audiences:-

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

Merchant Bankers

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

Related Reports:-
https://www.kenresearch.com/banking-financial-services-and-insurance/banking/saudi-arabia-atm-managed-service-market/215822-93.html

https://www.kenresearch.com/banking-financial-services-and-insurance/banking/uae-atm-managed-services-market/263653-93.html

https://www.kenresearch.com/banking-financial-services-and-insurance/banking/indonesia-atm-managed-service-market-outlook/228785-93.html

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