Press release
ATM Managed Services Global Market Size, Share, Competitive Landscape, Trend Analysis and Industry Forecast, 2024-2033 | Cardtronics Inc., Fiserv Inc., CMS Info Systems Ltd., TetraLink, Mastercard Inc.
ATM Managed Services Market
The Business Research Company presents an extensive market research report on the ATM Managed Services Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The atm managed services market size has grown strongly in recent years. It will grow from $8.26 billion in 2023 to $8.89 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to cost efficiency, regulatory compliance, security concerns, increasing atm networks, consumer convenience.
The atm managed services market size is expected to see strong growth in the next few years. It will grow to $12.21 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to data analytics integration, globalization and expansion, cloud-based solutions, remote monitoring and maintenance, partnerships and collaborations. Major trends in the forecast period include security and compliance focus, technology advancements, cloud-based solutions, data analytics for performance optimization.
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Key Market Players:
Major companies operating in the atm managed services market report are 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.
Market Drivers:
An increase in debit-card usage is expected to propel the growth of the ATM-managed services market going forward. A debit card is a type of payment card that allows you to make safe and simple transactions online and in person by drawing money. The value of each debit card transaction is deducted straight from the user's connected bank account, whether it is a cash withdrawal from an ATM or an internet payment. Furthermore, an increase in card transactions has increased the number of debit card holders, which has raised the need of ATM management services. For instance, in November 2022 according to UK Finance, a UK-based trade group for the banking and financial services sector, there were 2.1 billion debit card transactions in August 2022, an increase of 8% from August 2021. The overall expenditure was $78.01 billion (£64.1 billion), which was 4% more than in August 2021. Therefore, the increase in debit-card usage is expected to drive the ATM-managed services market.
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https://www.thebusinessresearchcompany.com/report/atm-managed-services-global-market-report
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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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