India ATM Market Outlook to FY’2027 – By ATM Supply, Managed Services & Cash Management Trends And Challenges In the ATM Managed Services Market In India In India, remarkable growth was witnessed in ATM industry during the past decade. Economic advancement in the country, increase in income level generally in urban areas due to growth in job opportunities and evolution to mass banking from class banking have driven the market… Read More »
India ATM Managed Services Market Is Estimated To Grow At A CAGR Of ~% During The Period FY’2022-FY’2027F – Ken Research Competition Scenario In India ATM Managed Services Market The market of ATM Supply companies is highly concentrated with few players constituting more than two-thirds of the total share. The majority of industry players have formed strategic alliances and collaborations with international firms to lower production costs or provide their customers with other value-added services. Such… Read More »
India ATM Managed Services Market Grew From Approximately INR ~91 Bn In FY’2016 To Approximately INR ~115 Bn In FY’2022 – Ken Research India ATM Managed Services Market Overview Banking Industry in India Overview The banks of India are competitive on a global level. Increasing volumes of operations in banks have been growing in line with the population of the country. During the last 30 years since nationalization, tremendous changes have taken place in the financial markets as… Read More »
The Growing ATM Deployment, Rising Banking Population, and Proliferation of ATMs in Rural and Semi-Rural Areas to Drive the ATM Managed Services Market in India: Ken Research India ATM Managed Services Market Ecosystem India ATM Managed Services Market is in the development stage, being driven by the increasing banking population, along with higher outsourcing by PSU Banks and Transparency in System. Major entities in the market are ATM Manufacturers, Managed Service Providers, Cash Management companies and others which are contributing to the… Read More »
Cash Is The Most Often Used Form Of Payment In India Than In Any Other Nation Which Is One Of The Major Driving Forces For Growth Of ATM Managed Services – Ken Research 1. Decline in ATM Transactions during Covid Pandemic Major Indian economic sectors have been affected negatively by the COVID-19 epidemic, with manufacturing, auto, retail, aviation, and hospitality suffering the most from the lockdown imposed in the country. This has thus had an impact on the quickly expanding digital payments industry. Temporary shutdown of businesses, travel… Read More »
ATM Managed Services in India are driven by the Growth in Number of ATMs, Increasing Penetration of White Label ATMs and the rapidly increasing trend for Outsourcing ATMs by the Banks: Ken Research Economic advancement in the country, increase in income level generally in urban areas due to growth in job opportunities and evolution to mass banking from class banking have driven the market for India ATM managed services industry in recent years. Growth in Branchless Banking: Banks are focusing on improving branchless banking in India by creating… Read More »
