What is Global ATM as a Service Market?
The Global ATM as a Service Market is a rapidly evolving sector that has seen significant growth in recent years. This market refers to the comprehensive suite of services provided to manage and maintain ATM machines globally. These services include everything from the physical replenishment and management of currency within the machines, to the digital network management and security measures that ensure the smooth and safe operation of these machines. The market also covers incident management, which involves troubleshooting and resolving any issues or malfunctions that may occur with the machines. The "as a service" model means that these tasks are outsourced to specialized companies, allowing banks and other financial institutions to focus on their core business operations. This model also provides a more cost-effective solution for these institutions, as it eliminates the need for them to invest in their own ATM management infrastructure and personnel.
ATM Replenishment & Currency Management, Network Management, Security Management, Incident Management, Others in the Global ATM as a Service Market:
The Global ATM as a Service Market plays a crucial role in the operation of both bank ATMs and retail ATMs. Bank ATMs are the machines that are owned and operated by banks and other financial institutions. These machines are typically located within the bank's premises or in other strategic locations, such as shopping centers and transport hubs. The services provided by the Global ATM as a Service Market ensure that these machines are always stocked with enough cash to meet customer withdrawals, and that they are operating efficiently and securely. Retail ATMs, on the other hand, are those that are owned and operated by non-bank entities, such as convenience stores and supermarkets. These machines provide an additional source of revenue for these businesses, as they charge a fee for each withdrawal. The Global ATM as a Service Market ensures that these machines are also well-maintained and secure, providing a reliable service for customers and a steady income stream for the businesses that host them.
Bank ATMs, Retail ATMs in the Global ATM as a Service Market:
The Global ATM as a Service Market has seen steady growth in recent years. In 2022, the market was valued at US$ 7062.7 million, and it is projected to reach US$ 9905.7 million by 2029. This represents a compound annual growth rate (CAGR) of 5.8% for the period 2023-2029. The market is segmented into several types of services, with ATM Replenishment & Currency Management accounting for the largest share at 40% in 2019. Security Management services accounted for the next largest share at 28% in the same year. In terms of regional market share, the Asia-Pacific region (APAC) held the largest share in 2019 at 40%, followed by the Americas at 34%. These figures highlight the significant role that the Global ATM as a Service Market plays in the operation of ATMs worldwide, and the potential for further growth in the coming years.
| Report Metric | Details |
| Report Name | ATM as a Service Market |
| Accounted market size in 2022 | US$ 7062.7 in million |
| Forecasted market size in 2029 | US$ 9905.7 million |
| CAGR | 5.8% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | Diebold Nixdorf, NCR Managed Services, Euronet Worldwide, Inc., FUJITSU, Cardtronics, Fiserv, Inc., HYOSUNG, CMS Info Systems, AGS Transact Technologies Ltd., Hitachi Payment Services, Cashlink Global System, Vocalink, Electronic Payment and Services, Financial Software & Systems, QDS, Inc., Automated Transaction Delivery, CashTrans |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
