Growing ATM Deployment, Increasing Bankable Population and Proliferation of On-Site ATMs to Drive the ATM Managed Services Market in India: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Growth in Branchless Banking: Banks are focusing on improving the branchless banking in India by creating E-Lobbies, which are specifically designed to improve the customer service and ease of doing transactions. The e-lobbies are allowing banks to offer customers all banking transactions, information and solutions round the clock through deployment of cash recyclers, cash dispensers and multi-functioning kiosks. E-lobbies deployed by banks provide self-service facilities including cash withdrawals, cash deposits, card-to-card transfers, passbook printing, NEFT, SMS alerts and many such banking services without the help of the physical staff of the bank. With the changing dynamics of digital payments, ATMs, which are now a prominent fixture in every Indian town, are proving insufficient for the transitioning requirements of digitally savvy customers. Accordingly, e-lobbies and cash recyclers have been launched to enhance customer experience, and these services have proved extremely beneficial. Increased focus on Innovation: As market awareness increases, the ATM equipment manufacturers are focusing more on product innovation and addition of latest technologies. Self Service ATM is one such breakthrough technology that combines multiple features into a single machine. These ATM machines serve as a one stop solution for tasks such as cash deposit, withdrawal, check deposit, coin dispense, internet banking, other banking products and solutions such as credit cards & loans, opening and changing of bank accounts, options for video assisted remote teller so that the bank could step forward towards branch automation. Surge in Debit Card Usage and Demand for advanced ATM Services: Due to in an increase in government initiatives such as PMJDY, the debit card penetration has grown tremendously in India and is anticipated to grow in the future. As a result, with the increment of debit card usage, customers tend to expect instant and advance ATM services for withdrawing cash and availing other services. Therefore, banks and financial institutions have reinvested in their ATM managed services in order to accelerate better user experience in the market. Thus, increased usage of debit cards at the ATMs is fueling the growth of ATM Managed Services Market in India. 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 Time Period in the Report:- Historical Period: FY’2016-FY’2021 Forecast Period: FY’2022E–FY’2026E Key Target Audiences:- ATM Managed service providers Cash management companies ATM Manufacturers White Label ATM Management companies Public and Private Sector Banks including Payments Banks Reserve Bank of India (RBI) and NHB ATM Switch companies Cash Reconciliation Companies Digital Payments Merchants VC & PEs, Investment Bankers Merchant Bankers Companies Covered:- Hitachi Payments AGS Transact Diebold Nixdorf NCR Corporation Euronet FSS FIS Tata Communication Payment EPS CMS Infosystems Writer Business Services Hyosung OKI Perto Brink’s Arya SIS Prosegur For More Information, refer to below link:- India ATM Managed Services Market Related Reports:- Saudi Arabia ATM Managed Service Market Outlook to 2023 – By ATMs (On-Site ATM, Off-Site ATM, Mobile ATMs), by Service (Cash Management Services, ATM Repair & Maintenance, ATM Site Maintenance), By ATM Machine (Cash Dispensers, Cash Recyclers) and By Cash Management Services (Cash Replenishment Service, Cash-in-Transit, Others – Cash Processing, Cash Vaulting, Cash Reconciliation & Cash Forecasting) UAE ATM Managed Services Market Outlook To 2024 – By Off-Site And On-Site ATMs And By Type Of Service (Cash Management Services, ATM Maintenance Services And ATM Supply) Indonesia ATM Managed Service Market Outlook To 2023 – By ATMs (On-Site ATM, Off-Site ATM, Mobile ATMs), By Service (Cash Management Services, ATM Repair & Maintenance, ATM Site Maintenance & Others- Journal Management & ATM Reconciliation), By ATM Machine (Cash Dispensers, Cash Recyclers) And By Cash Management Services (Cash Replenishment Service, Cash-In-Transit, Others – Cash Processing, Cash Vaulting & Cash Forecasting) Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Support@kenresearch.com +91-9015378249 Post Views: 5 Tags: AGS Transact ATM Managed Services Market Revenue, ATM Managed Services Industry In India, ATM Managed Services Market In India, ATM Management in India, ATM Repair and Maintenance Services 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