By Nathan Lyonn The Reports and Insights, a leading market research company, has recently releases report titled “Automated Teller Machine (ATM) Outsourcing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Automated Teller Machine (ATM) Outsourcing Market Share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Automated Teller Machine (ATM) Outsourcing Market?
The automated teller machine (ATM) outsourcing market size reached US$ 20.4 billion in 2023. The market to reach US$ 31.4 billion in 2032, exhibiting a growth rate (CAGR) of 4.9% during 2024-2032.
What are Automated Teller Machine (ATM) Outsourcing?
ATM outsourcing is the practice of engaging a third-party provider to oversee various aspects of an ATM network, such as installation, maintenance, cash management, and monitoring. This approach enables financial institutions to lower costs, enhance service quality, and concentrate on their primary operations. Nonetheless, it also carries risks, including security vulnerabilities and a potential reduction in control over the ATM network.
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What are the growth prospects and trends in the Automated Teller Machine (ATM) Outsourcing industry?
The ATM sourcing market growth is driven by various factors and trends. The ATM outsourcing market involves third-party vendors providing services to manage ATM networks for financial institutions. These services include installation, maintenance, cash management, and monitoring. Market growth is driven by cost reduction, improved service quality, and enhanced focus on core activities by financial institutions. However, challenges such as security concerns and potential loss of control over ATM networks influence market dynamics. Hence, all these factors contribute to ATM outsourcing market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Type of ATM:
- Walk-up ATMs
- Drive-up ATMs
- Off-site ATMs
- On-site ATMs
- White-label ATMs
- Brown-label ATMs
- Cash Dispenser ATMs
- Self-Service ATMs
Service Type:
- Managed Services
- Cash Management Services
- ATM Monitoring Services
- Network Management Services
- Security Services
- ATM Installation and Deployment Services
- ATM Maintenance and Repair Services
- Software Upgrades and Updates
Deployment Location:
- Banks
- Retail Locations
- Financial Institutions
- Shopping Malls
- Airports
- Entertainment Venues
- Hospitals
- Public Places
Functionality:
- Cash Withdrawals
- Cash Deposits
- Balance Inquiry
- Fund Transfers
- Statement Printing
- Bill Payment
- Mobile Phone Top-up
End User:
- Banks
- Independent ATM Deployers (IADs)
- Financial Institutions
- Retailers
- Hospitality Sector
- Healthcare Sector
- Government Institutions
Segmentation By Region:
North America:
- United States
- Canada
Europe:
- Germany
- United Kingdom
- France
- Italy
- Spain
- Rest of Europe
Asia Pacific:
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
Latin America:
- Brazil
- Mexico
- Argentina
Middle East & Africa:
- Saudi Arabia
- South Africa
- United Arab Emirates
- Israel
- Egypt
Who are the key players operating in the industry?
The report covers the major market players including:
- Cardtronics plc
- NCR Corporation
- Diebold Nixdorf, Incorporated
- Euronet Worldwide, Inc.
- GRG Banking Equipment Co., Ltd.
- Fiserv, Inc.
- Hitachi-Omron Terminal Solutions, Corp.
- Fujitsu Limited
- Nautilus Hyosung Inc.
- Auriga S.p.A.
- Cash Transactions S.A.
- Tellerex, Inc.
- Transaction Network Services, Inc.
- Source Technologies
- Cennox PLC
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