India ATM Cash Management Market Forecast to 2023
ATM Replenishment, Cash in Transit, Cash Pickup and Delivery and Vaulting Services, Bullion Management, and Cash Processing
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- Slides: 80
- August 2018
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- Region : Asia
- Ken Research
- Market Research Report
About the Report
About the Report
Until 2000s, banks were offering the ATM services only to their branch customers. With the aim to progress towards a cashless economy, the banks enabled the concept of branchless banking and hence allowed their account holders as well as non-account holders (belonging to other banks) to withdraw cash from their ATMs. Post 2010, banks started to outsource management of ATM to specialized ATM managed services companies. This initiative has helped banks to enhance their penetration in rural and urban areas, on the onset of rising competition among public, private and foreign banks and the quest of RBI to strengthen the financial sector.
Currently ATM Cash management services market is at a developing stage. The Cash Management Services Market is moderately fragmented among top 6-7 players which constituted majority of the revenue share though there are number of smaller players existing in the market.
Market Size: Cash Management is the process of collecting, managing and investing cash in an ATM which are outsourced by banks to MSPs. The current cash management cycle involves cash pick up from bank, cash movement from the bank to the ATMs' locations, grading, counting, monitoring ATMs for assessing the level of cash in an ATM, and replenishing cash in the machine accordingly. On the other hand, Cash Management companies has undergone in a partnership to form Cash Logistic Association (CLA) during the year 2013, to structure down the growth of India's ATM infrastructure. India cash management services market increased positively at a double digit CAGR during the period FY'2013 - FY' 2018, majorly due to increase in services offered by the cash management companies including cash vault services, bullion management, cash processing and others. High number of cash transaction in ATMs directly contributed to the increasing growth of Cash Management Services in India.
Cash Management market has observed a decline in growth rate during FY' 2016 to FY'2017 due to effect of demonetization on the financial sector which negatively affected the profitability of cash management companies as majority of the ATMs remained out of cash during the period of demonetization. However, in FY' 18 cash in circulation is back and is currently at an all-time high.
Market Segmentation
By Services: Cash management service companies (CMC) generates highest share of their revenue through ATM replenishment service. On the other hand, CIT contributed third largest share in generating revenue for the cash management companies in the FY' 2017. However, CIT service turned out to be the second major contributor in terms of revenue share during FY'2018 majorly due to increase in license of new bank branches during the above period. CPD contributed the third largest share in terms of revenue for the cash management companies due to increase in number of retail touch points.
Competition Scenario: The market of Cash Management services in India is moderately concentrated. There are few players which have global presence while some of the players are in plans to expand towards PAN India level. There is a rising trend of increasing the ATM reach to the population in rural, semi-urban areas and thus such companies look forward to get contracts to achieve the same. With expected increase in the FDI in the Cash Management market, it is expected that with the entry of new foreign entrants, the market will become more fragmented in the near future. CMS Infosystem, Writer Safeguard, SIS Prosegur, Securevalue, Radiant Cash, Brink's Arya, Logicash are some of the major players which constitute majority of the overall Cash Management Market. Out of these players, CMS Infosystem continues to be the market leader for past 4 years.
Future Outlook and Projections:
By Revenue: It is anticipated that India cash management services market will generate revenue at a positive single digit CAGR during the period FY' 2018 - FY' 2023. This is majorly due to increasing deployment of ATMs in rural areas under the financial inclusion scheme imposed by Indian government. Schemes such as Pradhan Mantri Jan Dhan Yojana (PMJDY) has further increased the demand of cash at ATMs as number of active ATM card holders have increased rapidly, which will directly increase the demand of cash management companies. On the other hand, it is anticipated that market of cash management services will increase gradually with the high number of cash transaction in ATMs. Though there are government reforms to move the economy towards cashless, Cash has and is expected to continue to remain King in terms of payments and transactions.
Target Audience:
ATM Security Services/ Solutions Providers
ATM Cash Management Companies
Banks and NBFCs
ATM Managed Services Providers
ATM Manufacturers
White Label ATM Management companies
Reserve Bank of India (RBI)
ATM Switch companies
Cash Reconciliation companies
Digital Payments Merchants
Products Covered:
ATM Replenishment
Cash-in-Transit (CIT)
CPD (Cash Pickup and Delivery) /RCM (Retail Cash Management)
Vaulting Services, Bullion Management, and Cash Processing
Companies Covered:
CMS Infosystem, Writer Safeguard, SIS Prosegur, Securevalue, Radiant Cash, Brink's Arya, Logicash
Key Topics Covered in the Report
India Cash Management Services Market Size (FY'2013-FY'2018)
India Cash Management Services Market Overview
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
Complete Competition Analysis Including Strength And Weakness Of The Major Companies.
Competitive Landscape Of Major Players In India ATM Cash Management Services Market
Future Outlook And Projections Of India ATM Cash Management Services Market (FY'2023E)
Products
Products
ATM Replenishment, Cash-in-Transit (CIT), CPD (Cash Pickup and Delivery) /RCM (Retail Cash Management), Vaulting Services, Bullion Management, and Cash Processing
Companies
CMS Infosystem, Writer Safeguard, SIS Prosegur, Securevalue, Radiant Cash, Brink’s Arya, Logicash
Table of Contents
Table of Contents
1. Executive Summary
2. Research Methodology
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Sizing and Modeling
3. Indian Economy Overview
4. Banking Industry in India
4.1. Overview
5. Historical Trend of Cash Circulation in India, FY’ 2013 - FY’ 2018
5.1. Cash Withdrawals in India, FY’ 2015 - FY’ 2018
5.2. Importance of Cash in India, FY’2018
5.3. Impact of Demonetization on Number of Available ATMs Transactions/ATM and Revival
5.4. Minimal Impact of Digitization on Cash in India
6. India ATM Cash Management Services Market Introduction and Market Size
6.1. India ATM Cash Management Services Market Size, FY’2013-FY’2018
7. India ATM Cash Management Services Market Segmentation, FY’2018
7.1. India ATM Cash Management Services Market Segmentation by Services (ATM Replenishment, CIT, CPD and others), FY’2018
8. Competitive Landscape of Major Players In India ATM Cash Management Services Market
8.1. Competition Scenario in India Cash Management Services Market
9. Company Profiles of Major Players in India ATM Managed Services Market
9.1. CMS Info System Ltd.
9.2. Writer Safeguard
9.3. SIS India Limited
9.4. AGS Transact Technologies ltd.
9.4.1. Securevalue India (Subsidiary of AGS Transact)
9.5. Radiant Cash Management Services
9.6. Brink’s Arya
9.7. Logicash Solutions
10. India ATM Cash Management Services Market Future Outlook and Projections, FY’ 2019 - FY’ 2023E
10.1. By Revenue, FY’ 2018 - FY’ 2023E
10.2. By Services (ATM Replenishment, CIT, CPD and others), FY’2023
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List of Figure
Figure 3-1: Annual Estimates of GDP at Current Price in INR Billion and Growth Rate in Percentage (%), FY’2013-FY’2018
Figure 5-1: Cash in Circulation in India in INR Billion and Percentage of GDP in Percentage, FY’ 2013 - FY’ 2018
Figure 5-2: Revival in Number of Cash Transactions during Post Demonetization in Comparison to Pre Demonetization, FY’ 2017 (September to January)
Figure 5-3: Share of Cash Transactions in Overall Transaction on the Basis of Transaction Value and Number of Transaction in Percentage (%), FY’2018
Figure 5-4: Number of Credit Card and Debit Card Transactions at POS in Million, FY’2013-FY’2018
Figure 5-5: Number of PPI (m-Wallet, PPI Cards and Paper Vouchers) Transactions in Million, FY’2013-FY’2018
Figure 5-6: Number of IMPS Transactions in Million, FY’2013-FY’2018
Figure 6-1: Working Model for Cash Management Companies in India
Figure 6-2: Rationale and Description for India ATM Cash Management Services Market on the Basis of Revenue in INR Million and Growth Rate in Percentage (%), FY’ 2013 - FY’ 2018
Figure 9-1: CMS Info Systems Revenue from Operation in INR Million, FY’ 2013 - FY’ 2018
Figure 9-2: CMS Info Systems Revenue from ATM Cash Management Service in INR Millions, FY’ 2015 - FY’ 2018
Figure 9-3: CMS Info Systems Revenue from ATM Managed Services in INR Million, FY’ 2015 - FY’2017
Figure 9-4: CMS Info Systems ATM Service Points in Numbers, FY’ 2015 -FY’ 2018
Figure 9-5: CMS Info Systems ATMs Serviced in Numbers, FY’ 2015 - FY’2017
Figure 9-6: CMS Info Systems Business Points per Cash Van in Numbers, FY’ 2015 - FY’2017
Figure 9-7: CMS Info Systems ATM Points on the Basis of Region in terms of Number of ATMs in Percentage (%), FY’ 2017
Figure 9-8: CMS Info Systems ATM Points on the Basis of Geographical Location in terms of Number of ATMs in Percentage (%)
Figure 9-9: Writer Safeguard Revenue from Operations in INR Million, FY’2016- FY’2018
Figure 9-10: Writer Safeguard Profit after Tax in INR Million, FY’2016- FY’2017
Figure 9-11: SIS India Revenue from ATM Cash Logistics in INR Million, FY’ 2014 - FY’ 2018
Figure 9-12: SIS India Employees in Numbers, FY’ 2014 - FY’ 2018
Figure 9-13: SIS India Routes Served in Number, FY’ 2014 -FY’2016
Figure 9-14: SIS India Info System Revenue Split by Stream in Percentage Share, FY’2018
Figure 9-15: SIS India Cash Vans in Numbers, FY’2014 - FY’ 2018
Figure 9-16: AGS Transact Technologies LTD. Revenue from ATM Business Operations in INR Million, FY’ 2017 - FY’ 2018
Figure 9-17: AGS Transact Technologies LTD. Standalone Profit after Tax in INR Million, FY’ 2016 - FY’2017
Figure 9-18: AGS Transact Revenue from ATM Managed Services in INR Million, FY’2017- FY’2018
Figure 9-19: Revenue from Cash Management Services in INR Million, FY’ 2013- FY’ 2018
Figure 9-20: Profit after Tax of RCMS in INR Millions, FY’2013- FY’2017
Figure 9-21: Brink’s Arya ATM Service and Replenishment Revenue in INR Million, FY’ 2015 - FY’ 2018
Figure 9-22: Brink’s Arya Profit after Tax in INR Million, FY’ 2013 - FY’2017
Figure 9-23: Logicash Revenue from Sale of Services in INR Millions, FY’2013- FY’2018
Figure 9-24: Logicash Profit after Tax in INR millions, FY’2013- 2017
Figure 10-1: Future Outlook of India ATM Cash Management Services Market Size on the basis of Revenue in INR Million, FY’2018 – FY’2023E
Figure 10-2: Future Outlook of India ATM Cash Management Services Market Segmentation by Services (ATM Replenishment, CIT, CPD and Others) on the basis of Revenue in Percentage Share, FY’2023E
List of Table
Table 2-1: Correlation Matrix of India ATM Managed Services Market
Table 2-2: Regression Coefficient Output for India ATM Managed Services Market
Table 3-1: Cash in Circulation in India Including Currency with Public in INR Billion and Currency with Public as a Proportion of GDP in Percentage (%), FY’2013-FY’2018
Table 4-1: Financial Inclusion in India, 31st March 2016 and 31st March 2017
Table 5-1: Currency in Circulation in Various Countries in USD Billion, 2012-2016
Table 5-2: Currency in Circulation in Various Countries as a Percentage of GDP, 2012-2016
Table 5-3: Cross Comparison of Modes of Cash Withdrawal
Table 5-4: Cash Withdrawals in India from Debit Cards, FY’ 2015 - FY’ 2018
Table 5-5: Cash Withdrawals in India from Credit Cards, FY’ 2015 - FY’ 2018
Table 5-6: Number of Cash Transactions from ATMs on Monthly Basis in Million, FY’ 2013 - FY’ 2018
Table 5-7: Non Cash Payment Transactions by Per Capita per Annum, 2017
Table 5-8: Impact of Demonetization on Number of Available ATMs Transactions and Number of ATMs and Revival
Table 5-9: Key Statistics of ATM Managed Services during Pre Demonetization Period, before April 2016
Table 5-10: Number of Credit Card and Debit Card Transactions at ATM in Million, FY’2015-FY’2018
Table 6-1: Rationale and Description for India ATM Cash Management Services Market Size on the Basis of Revenue, FY’ 2013 - FY’ 2018
Table 7-1: India ATM Cash Management Services Market Segmentation by Type of Services (ATM Replenishment, CIT, CPD and others) on the Basis of Revenues, FY’ 2017 - FY’ 2018
Table 7-2: India ATM Cash Management Services Market Segmentation by Type of Services (ATM Replenishment, CIT, CPD and others) on the basis of Revenue in Percentage Share and Revenues in INR Million, FY’ 2017 - FY’ 2018
Table 8-1: Competitive Landscape of Cash Management Companies Including Level of Competition, Major Players and Competing Factors
Table 8-2: Cross Comparison of Major Players in the Cash Management Segment on the Basis of Strength and Weakness and Number of ATMs Managed as on March 31st 2018
Table 8-3: Market Share of ATM Cash Management Companies on the Basis of Revenues in Percentage (%), FY’ 2015 - FY’ 2018
Table 8-4: Revenue of ATM Cash Management Companies on the Basis of Revenues in INR Million, FY’2015 - FY’ 2018
Table 9-1: Company Profile of CMS Info System Ltd. including Company Overview, USP, Business Strategies, Recent Developments, Number of Fleets, Major Clients, Number of Employees, Revenues and Revenue Split by Type of Service Stream.
Table 9-2: CMS Info Systems ATM Managed Service Offerings
Table 9-3: Company Profile of Writer Safeguard including Company Overview, USP, Business Strategies, Major Clients, Number of fleet, Number of Employees, Number of Contracts and Revenues
Table 9-4: Company Profile of SIS India Ltd. including Company Overview, USP, Business Strategies, Recent Developments, Number of Fleets, Number of Employees, Revenues, Revenue Split by Type of Service Stream and Margin Profiles
Table 9-5: Company Profile of AGS Transact Technologies Ltd. including Company Overview, USP, Business Strategies, Recent Developments, Number of Contracts, Number of Fleets, Number of Employees, Average Variable Fees Charged and Average Fixed Fees Charged.
Table 9-6: SecureValue Service Offerings
Table 9-7: Company Profile of Radiant Cash Management Services including Company Overview, USP, Number of fleets, Number of Employees, Major Clients and Revenues
Table 9-8: Company Profile of Brink’s Arya India including Company Overview, USP, Business Strategies, Number of Contracts, Number of Fleets, Number of Employees and Revenues
Table 9-9: Company Profile of Logicash Solutions including Company Overview and USP.
Table 9-10: Service Offerings by LogiCash Solutions
Table 10-1: Rationale for India ATM Cash Management Services on the basis of Revenue in INR Million, FY’2018 – FY’2023E
Table 10-2: Future Outlook of India ATM Cash Management Services Market Segmentation by Services (ATM Replenishment, CIT, CPD and Others) on the basis of Revenue in INR Million, FY’2023E
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