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The Global ATM Managed Services Market is Anticipated to be Post an Outstanding CAGR of 11.2% over the forecast period, According to Research Nester
The global ATM managed services market is segmented into managed services such as cash services, security and compliance services, support services, availability services, consulting services, integration services and cloud services. Among these segments, security and compliance services segment is expected to lead the overall ATM managed services market by 2024. In addition to this, rising concerns among the financial intuitions towards security and surveillance is one of the major factors which are boosting the demand for various types of security and compliance services such as software distribution services and others. Likely, security of ATM booths and growing number of ATMs are envisioned to propel the growth of security and compliance services market across the globe.
Global ATM managed services market is projected to showcase a remarkable CAGR of 11.2% during the forecast period i.e. 2017-2024. Moreover, the global ATM managed services market is anticipated to reach noteworthy sales by 2024. Additionally, rising demand for better management of ATMs in order to improve customer’s experience has led banks to adopt ATM managed services which is projected to foster the growth of ATM managed services market.
The CIT management segment by cash service (managed services) is envisioned to attain a reparable CAGR during the forecast period. Moreover, advancement in ATM managed services is key growth driver of the global ATM managed services market over the forecast period. In terms of geography, North America is poised to capture largest stake in the overall ATM managed services market. Moreover, U.S. captured the lion share in North America ATM managed services market owing to rising demand for better management and maintenance of ATMs. Apart from this, Asia-Pacific is predicted to grow at an outstanding CAGR during the forecast period owing to emerging economies such as China and India.
Growing Number of ATMs
Growing demand for secure and convenient access to cash and rising concerns among the financial intuitions towards security and surveillance are believed to propel the growth of ATM managed services market across the globe. Moreover, rising demand for better management of ATMs in order to improve customer’s experience has led banks to adopt ATM managed services. This factor is believed to positively flourish the growth of global ATM managed services market.
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Rapid Urbanization
Rapid urbanization and positive GDP figures in growing nations is supporting the penetration of ATMs which in turn boost the demand for ATM managed services. Furthermore, rising initiatives to strengthen the ATM network channel in developing nation by government is envisioned to fuel the growth of ATM managed Services market.
However, increasing penetration of digital payments across the globe is expected to hamper the growth of ATM managed services market across the globe. Further, low adoption rate of ATMs in under developed countries is major factors that may hinder the growth of ATM managed services market over the next few years.
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 global ATM managed services market in terms of market segmentation by managed services 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 global ATM managed services market which includes company profiling of NCR Corporation,Financial Software & Systems Pvt. Ltd,Hitachi Payment Services Pvt. Ltd.,Diebold Nixdorf, Cash Connect Management Solutions (Pty) Ltd, Automated Transaction Delivery (ATM Worldwide), Cashlink Global System Pvt. Ltd., Electronic Payment and Services Pvt. Ltd., Nationalcash, Cardtronics UK Limited. 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 global 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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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
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