India ATM Managed Services Market Overview
According to SPER Market Research, the India ATM Managed Services Market is estimated to reach USD XX billion by 2032 with a CAGR of XX%.
The ATM managed services market in India is expected to grow significantly in the coming years due to increasing demand for digital payment services and the widespread adoption of ATMs across the country. ATM managed services refer to the outsourcing of the management, maintenance, and monitoring of ATMs to third-party service providers.The growth of the Indian ATM managed services market is primarily driven by the increasing demand for ATM services in both urban and rural areas of the country. The government's push for digitalization and financial inclusion has also contributed to the growth of the market. Furthermore, the rising popularity of mobile banking and online payment services has increased the demand for ATM services that provide greater accessibility and convenience to customers.
In addition, the adoption of advanced technologies such as cash recycling and video-enabled ATMs is expected to boost the growth of the ATM managed services market in India. These technologies enable ATMs to offer additional services such as currency exchange, bill payment, and mobile recharge, which further enhance the customer experience.Some of the major players in the Indian ATM managed services market include Diebold Nixdorf, NCR Corporation, FIS, and Tata Communications Payment Solutions Limited. These companies offer a range of services including ATM deployment, installation, maintenance, and monitoring, as well as cash management and security services.Overall, the Indian ATM managed services market is expected to continue growing in the coming years, driven by the increasing demand for digital payment services and the continued expansion of ATM networks across the country.
Impact of COVID-19 on the India ATM Managed Services Market
The COVID-19 pandemic has had a significant impact on the India ATM managed services market. The lockdowns and social distancing measures implemented in the country to control the spread of the virus have led to a decrease in the usage of physical cash and a shift towards digital payments. This has resulted in a decline in the demand for ATM services, impacting the revenues of ATM managed service providers.Due to the reduced footfall in public places, many ATMs remained unused, leading to a decrease in the number of transactions and ATM uptime. This has had an adverse impact on the revenue and profitability of ATM managed service providers. In addition, the pandemic also resulted in a shortage of cash availability in the market, leading to a decrease in the overall ATM transaction volume.However, the pandemic has also highlighted the importance of ATM managed services, as ATMs continue to be an essential service for people to withdraw cash and carry out other banking transactions. To adapt to the changing scenario, many ATM managed service providers have implemented new measures such as contactless transactions, social distancing protocols, and remote monitoring to ensure the safety and well-being of their customers and employees.
The pandemic has also accelerated the adoption of digital payment solutions, leading to an increased focus on advanced ATM technologies such as video-enabled and cash recycling ATMs. These technologies enable the ATM managed service providers to offer a wider range of services, thereby increasing the usage of ATMs and revenue generation.In conclusion, while the COVID-19 pandemic has had a negative impact on the India ATM managed services market, the industry has demonstrated its resilience by adapting to the changing environment and implementing innovative solutions to meet the changing needs of customers. The industry is expected to continue evolving in the coming years, driven by the increasing demand for digital payment solutions and the adoption of advanced ATM technologies.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type of Service Offerings, By Business Model, By ATM Machine Channel, By Model
|
| Regions covered | South, North, East. West
|
| Companies Covered | AGS Transact, Brink’s Arya, CMS Infosystems, Diebold Nixdorf, EPS, Euronet, FIS, FSS, Hitachi Payments, Hyosung, NCR Corporation, OKI, Perto, SIS Prosegur, Tata Communication Payment, Writer Business Services
|
Target Audience-
- ATM Managed service providers
- ATM Manufacturers
- ATM Switch companies
- Cash management companies
- Cash Reconciliation Companies
- Digital Payments Merchants
- Merchant Bankers
- Public and Private Sector Banks including Payments Banks
- Reserve Bank of India (RBI) and NHB
- VC & PEs, Investment Bankers
- White Label ATM Management companies
India ATM Managed Services Market Segmentation:
1. By Type of Service Offerings:
- ATM Supply
- Cash Management
- Cash Reconciliation Statement
- Content and Electronic General Management
- Repair and Maintenance
- Site Management
- Transaction Processing
2. By Business Model:
- Brown Label ATM
- Managed By Banks
- Managed Services
- White Label ATM
3. By ATM Machine:
- Cash Dispenser
- Cash Recycler
4. By Model:
5. By Region:
Key Topics Covered in the Report:
- India ATM Managed Services Market Size (FY’2019-FY’2032)
- Overview of India ATM Managed Services Market
- Segmentation of India ATM Managed Services Market By Type of Service Offerings (ATM Supply, Cash Management, Cash Reconciliation Statement, Content and Electronic General Management, Repair and Maintenance, Site Management, Transaction Processing)
- Segmentation of India ATM Managed Services Market By Business Model (Brown Label ATM, Managed By Banks, Managed Services, White Label ATM)
- Segmentation of India ATM Managed Services Market By ATM Machine (Cash Dispenser and Cash Recycler)
- Segmentation of India ATM Managed Services Market By Model (Fixed Pay, Variable Pay)
- Statistical Snap of India ATM Managed Services Market
- Growth Analysis of India ATM Managed Services Market
- Problems and Challenges in India ATM Managed Services Market
- Competitive Landscape in the India ATM Managed Services Market
- Impact of COVID-19 and Demonetization on India ATM Managed Services Market
- Details on Recent Investment in India ATM Managed Services Market
- Competitive Analysis of India ATM Managed Services Market
- Key Players in the India ATM Managed Services Market
- SWOT Analysis of India ATM Managed Services Market
- India ATM Managed Services Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the India ATM Managed Services Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 India ATM Managed Services Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in India ATM Managed Services Market
7. India ATM Managed Services Market, By Type of Service Offerings, 2019-2032 (USD Million)
7.1 ATM Supply
7.2 Cash Management
7.3 Cash Reconciliation Statement
7.4 Content and Electronic General Management
7.5 Repair and Maintenance
7.6 Site Management
7.7 Transaction Processing
8. India ATM Managed Services Market, By Business Model, 2019-2032 (USD Million)
8.1 Brown Label ATM
8.2 Managed By Banks
8.3 Managed Services
8.4 White Label ATM
9. India ATM Managed Services Market, By ATM Machine, 2019-2032 (USD Million)
9.1 Cash Dispenser
9.2 Cash Recycler
10. India ATM Managed Services Market, By Model, 2019-2032 (USD Million)
10.1 Fixed Pay
10.2 Variable Pay
11. India ATM Managed Services Market, By Region, 2019-2032 (USD Million)
11.1 India ATM Managed Services Market Size and Market Share by Region (2019-2025)
11.2 India ATM Managed Services Market Size and Market Share by Region (2026-2032)
11.3 South
11.4 North
11.5 West
11.6 East
12. Company Profiles
12.1 AGS Transact
12.1.1 Company details
12.1.2 Financial outlook
12.1.3 Product summary
12.1.4 Recent developments
12.2 Brink’s Arya
12.2.1 Company details
12.2.2 Financial outlook
12.2.3 Product summary
12.2.4 Recent developments
12.3 CMS Infosystems
12.3.1 Company details
12.3.2 Financial outlook
12.3.3 Product summary
12.3.4 Recent developments
12.4 Diebold Nixdorf
12.4.1 Company details
12.4.2 Financial outlook
12.4.3 Product summary
12.4.4 Recent developments
12.5 EPS
12.5.1 Company details
12.5.2 Financial outlook
12.5.3 Product summary
12.5.4 Recent developments
12.6 Euronet
12.6.1 Company details
12.6.2 Financial outlook
12.6.3 Product summary
12.6.4 Recent developments
12.7 FIS
12.7.1 Company details
12.7.2 Financial outlook
12.7.3 Product summary
12.7.4 Recent developments
12.8 FSS
12.8.1 Company details
12.8.2 Financial outlook
12.8.3 Product summary
12.8.4 Recent developments
12.9 Hitachi Payments
12.9.1 Company details
12.9.2 Financial outlook
12.9.3 Product summary
12.9.4 Recent developments
12.10 Hyosung
12.10.1 Company details
12.10.2 Financial outlook
12.10.3 Product summary
12.10.4 Recent developments
12.11 NCR Corporation
12.11.1 Company details
12.11.2 Financial outlook
12.11.3 Product summary
12.11.4 Recent developments
12.12 OKI
12.12.1 Company details
12.12.2 Financial outlook
12.12.3 Product summary
12.12.4 Recent developments
12.13 Perto
12.13.1 Company details
12.13.2 Financial outlook
12.13.3 Product summary
12.13.4 Recent developments
12.14 SIS Prosegur
12.14.1 Company details
12.14.2 Financial outlook
12.14.3 Product summary
12.14.4 Recent developments
12.15 Tata Communication Payment
12.15.1 Company details
12.15.2 Financial outlook
12.15.3 Product summary
12.15.4 Recent developments
12.16 Writer Business Services
12.16.1 Company details
12.16.2 Financial outlook
12.16.3 Product summary
12.16.4 Recent developments
13. List of Abbreviations
14. Reference Links
15. Conclusion
16. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
