ATM Managed Services Market Size, Share | Industry Updates by 2027

PORTLAND, OREGON, UNITED STATES, August 18, 2021 /EINPresswire.com/ -- Surge in usage of debit cards for money withdrawal drives the growth of the global ATM managed services market. Asia-Pacific contributed the highest share in 2019, and will maintain its dominance throughout the forecast period. The demand for mobile ATM is expected to surge during the Covid-19 pandemic to provide banking services to the customers and reduce their risk of traveling for cash withdrawal.

As per the report published by Allied Market Research, the global ATM managed services market generated $6.11 billion in 2019, and is estimated to reach $9.97 billion by 2027, registering a CAGR of 6.5% from 2020 to 2027.

The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios.

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Leading market players analyzed in the research include Cardtronics, AGS Transact Technologies Ltd., Euronet Worldwide, Inc., Diebold Nixdorf, Incorporated, Fiserv, Inc., Financial Software & Systems Pvt. Ltd., Hitachi Payment Services Pvt. Ltd., FUJITSU, NHAUSA, and NCR Corporation.

Covid-19 scenario:

Banks have urged their customers not to visit their branches to avoid spread of Covid-19, and to use ATM-based services such as cash withdrawal, cash deposit, and transaction statement.
The increased fear of infection through usage of high traffic ATM-based services has forced people to opt digital payment solutions. This is expected to decrease the demand for ATM managed services.
The report offers detailed segmentation of the global ATM managed services market based on service type, ATM locations, and region.

Based on service type, the ATM replenishment & currency management segment contributed to the largest share in 2019, accounting for around two-fifths of the total share, and is estimated to maintain its dominant position during the forecast period. However, the security management segment is estimated to portray the highest CAGR of 7.9% during the forecast period.

Based on ATM locations, the offsite ATMs segment accounted for the largest share in 2019, holding around two-fifths of the total share, and is expected to maintain the largest share throughout the forecast period. However, the mobile ATM segment is expected to register the highest CAGR of 8.1% from 2020 to 2027.

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Based on region, Asia-Pacific contributed the highest share, accounting for more than two-fifths of the total market share in 2019, and will maintain its dominance throughout the forecast period. However, LAMEA is expected to grow at the highest CAGR of 8.1% from 2020 to 2027.

Key benefits for stakeholders

The study provides an in-depth analysis of the global ATM managed services market share along with the current & future trends to elucidate the imminent investment pockets.
Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided in the report.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
An extensive analysis of the key segments of the industry helps to understand the global ATM managed services market trends.
The quantitative analysis of the global ATM managed services market from 2020 to 2027 is provided to determine the market potential.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

David Correa
Allied Analytics LLP
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