ATM Managed Services Market Report 2023

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GLOBAL ATM MANAGED SERVICES MARKET REPORT 2023
Global,Regional,CountryAnalysis
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INTRODUCTION
Many banks, financial institutions, and other
commercial organizations that install ATM
machines for their operations are provided with
an expert and extensive suite of services known
as ATM Managed services or ATM-as-a-service. It
deals with and performs a variety of services,
such as cash management, security, maintenance,
caretaking, replenishing ATMs, maintaining the
ATM network, purchasing ATMs, and installing
ATMs. As the banking, financial, services, and
insurance (BFSI) industry has grown
significantly, there is an increasing need for
advanced ATM services to access a variety of
complex procedures.
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KEY INSIGHTS
MARKET SIZE USD 6.9 billion
2022
CAGR 6.90
2023- 2030
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REVENUE MARKET SHARE BY SEGMENTS 2022

• Network Management
• Security Management
• Incident Management

By Service Type

• Onsite ATMs
• Offsite ATMs
• Worksite ATMs
• Mobile ATMs

By Service Type
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Global ATM Managed Services Market Revenue share
for 2022
Asia Pacific
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Wireless Communication Capability in Smart ATMs
is Fueling Market Growth
Drivers
Online banking services emergence will restrain
market expansion.
Restraints
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AUTHOR'S PERSPECTIVE

• The Global ATM Managed Services Market is
  witnessing significant growth in the near future.
• ATM network management services offer
  configuration setup and assist in maintaining a
  better ATM network, increasing the market
  viability of ATM networks.
• Offsite ATMs are stand-alone machines placed in
  locations with higher consumer traffic than bank
  locations.
• Customers prefer onsite ATMs over off-site ones
  since they save time and don't have to wait in
  large lines at the bank.
• In 2023, the Network Management segment accounted
  for noticeable share of global ATM Managed
  Services Market and is projected to experience
  significant growth in the near future.
• The Onsite ATMs segment is expected to expand at
  the significant CAGR retaining position
  throughout the forecast period.

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KEY PLAYERS
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