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Significant growth has been observed in terms of increasing on-site ATMs majorly due to the fact that people prefer to use ATMs which are near to their bank branches. However, there has been a steady growth in offsite ATMs due to increase in contracts offered to MSPs with an aim to garner higher penetration in the market and improve retail banking for the customers. Remarkable growth has been observed in White Label ATMs as they grew from 12,962 in the FY’ 2016 to 25,013during FY’2021. Increase in ATMs is majorly due to rural spread and activation of PMJDY scheme. Impact of Covid-19: Access to cash for many in Indiawas remaining essential during various lockdowns imposed by the Government. The ATM machines in India played a critical role in ensuring that consumers have access to cash and wider banking services while branches had reduced hours or closures, or customers wanted to avoid face-to-face or in branch interactions completely. The number of cash withdrawal transactions declined by almost 50% during April, 2020. The ATM Managed Services Market revenues were also down by 7% during the financial year 2021 due to the lockdowns, restrictions and panic caused by the global pandemic in the country. Future Trends: The ATM Managed Services Market in India is expected to grow owing to the higher deployment of ATM machines, especially Cash Recycling Machines in the country. Increasing number of bank branches and the dependency on Managed Service Providers would fuel the future growth of ATM managed services in India. The diversified service offerings provided by certain MSPs will also help in raising the revenues in the near future. 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 Key Topics Covered in the Report:- India ATM Managed Services Market Size (FY’2016-FY’2021) India ATM Managed Services Market Overview India ATM Managed Services Market Segmentation by Type of ATMs (Managed Services, Brown Label ATM, Managed By Banks, White Label ATMs) India ATM Managed Services market Segmentation by Type of ATM Machine (Cash Dispensing and Cash Recyclers) India ATM Managed Services Market Segmentation by Service Offerings (ATM Repair and Maintenance, ATM Site Management, Transaction Processing, Cash Reconciliation Statement, Content and Electronic Journal Management) India ATM Managed Services Market Segmentation by Business Model (Fixed Pay Model and Variable Pay Model) 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 Snapshot on India ATM Cash Management Services Market. Decision Making Process and Tender Process Applicable In India ATM Managed Services Market Trend and Developments In India ATM Managed Services Market Issues and Challenges In India ATM Managed Services Market Impact of Demonetization and COVID-19 on the ATM Managed Services Market Current Deployment and Future growth of Cash Recycling Machines in India Recent Investment Details (Mergers, Acquisition and Partnerships) In India ATM Managed Services Market Complete Competition Analysis Including Heat Maps &Strength and Weakness Of The Major Companies Competitive Landscape of Major Players in India ATM Managed Services Market SWOT Analysis of India ATM Managed Services Market Future Outlook and Projections of India ATM Managed Services Market (FY’2021-FY’2026E) Analyst Recommendations Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NDcyODI4 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) Follow Us LinkedIn | Facebook | Twitter | YouTube Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Support@kenresearch.com +91-9015378249 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 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