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India ATM Managed Services Market: Ken Research

July 18, 2022

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ATM Managed ServicesMarket in Indiadriven by the Growth in Number of ATMs and the rapidly increasing trend for Outsourcing ATMs by the Banks: Ken Research

Economic advancement in the country, increase in income levelgenerally in urban areas due to growth in job opportunities and evolution to mass banking from class banking havedriven the market for ATM managed services industry.

Significant growth has been observed in terms of increasing on-site ATMs majorly due to the fact that people prefer to use ATMs which are near to their bank branches. However, there has been a steady growth in offsite ATMs due to increase in contracts offered to MSPs with an aim to garner higher penetration in the market and improve retail banking for the customers. Remarkable growth has been observed in White Label ATMs as they grew from 12,962 in the FY’ 2016 to 25,013during FY’2021. Increase in ATMs is majorly due to rural spread and activation of PMJDY scheme.

Impact of Covid-19: Access to cash for many in Indiawas remaining essential during various lockdowns imposed by the Government. The ATM machines in India played a critical role in ensuring that consumers have access to cash and wider banking services while branches had reduced hours or closures, or customers wanted to avoid face-to-face or in branch interactions completely. The number of cash withdrawal transactions declined by almost 50% during April, 2020. The ATM Managed Services Market revenues were also down by 7% during the financial year 2021 due to the lockdowns, restrictions and panic caused by the global pandemic in the country.

Future Trends: The ATM Managed Services Market in India is expected to grow owing to the higher deployment of ATM machines, especially Cash Recycling Machines in the country. Increasing number of bank branches and the dependency on Managed Service Providers would fuel the future growth of ATM managed services in India. The diversified service offerings provided by certain MSPs will also help in raising the revenues in the near future.

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