The
report titled “India
ATM Market Outlook to 2023 – By ATM Supply, Managed Services (ATM Repair,
Maintenance and Other Services, Transaction Processing, Cash Reconciliation
Statement, Content and Electronic Journal Management) & Cash Management
(ATM Replenishment, CIT, CPD)” provides a comprehensive analysis of
India ATM Managed Services market introduction and
genesis, market size by revenue, market ecosystem, value chain analysis. The
report covers snapshot on India ATM Cash Management Services market, decision making
process for India ATM Management Services Market and tender process applicable.
The report provides a competition competitive landscape of major ATM Managed
Services players including Hitachi Payments, AGS Transact, Diebold Systems,
Euronet, EPS, Tata Communications Payment Solution, FIS, FSS, Mphasis Payment
Managed Services, NCR, and CMS. Companies which are covered in ATM Cash
Management practice include CMS InfoSystem, SIS Prosegur, Brink’s Arya, Writer
Safeguard, Securevalue, Logicash and Radiant Cash. In ATM Supply, major companies
which are covered include NCR Corporation, AGS Transact, Diebold Systems and
Vortex Engineering. The report also covers SWOT analysis, future projections along
with analyst recommendation.
Key Target Audiences:-
·
ATM
Managed service providers
·
Cash
management companies
·
ATM
Manufacturers
·
White
Label ATM Management companies
·
Public
and Private Sector Banks
·
Reserve
Bank of India (RBI) and NHB
·
ATM
Switch companies
·
Cash
Reconciliation Companies
·
Digital
Payments Merchants
·
VC &
PEs, Investment Bankers
·
Merchant
Bankers
Market
Overview
India ATM
management services market is at a developing stage. The ATM Managed Services
Market is moderately fragmented among top 6-7 players which constituted 60-70%
of the revenue share though there are number of smaller players existing in the
market. These small players have usually positioned themselves into few of ATM
service category.
Assessment of India ATM Managed
Services Market: Indian
government during August, 2014 has initiated the scheme of opening up of bank
account at zero balance under PradhanMantri Jan DhanYojana (PMJDY). This led to
expansion in the number of transactions performed in an ATM as debit card users
in India increased significantly.
RBI passed the law to increase the penetration of ATMs in
rural areas of India to meet the desired aim of financial inclusion which
further supported the growth of ATM managed service market. Over the span of
last five years, the number of ATMs installed has increased positively at a
double digit growth rate during the period FY’ 2013 to FY’ 2018. As of 31st
March 2018, Over 80% of the ATMs are being outsourced by the banks as Banks
observed that outsourcing an off-site ATM is much more cost effective instead
of managing them by the banks.
Market
Segmentation:
By Type of ATMs: In India, there are four types of ATMs
management including Managed Services, Brown label ATMs, ATMs Completely managed
by banks and White label ATMs. Brown Label ATMs has been recorded as the second
highest number of ATMs; these ATMs are owned by banks and further deployed to
ATM management companies for their management.
On the other side, penetration of White label ATMs in India
is quiet low as compared to other ATMs operating in the market. White label
ATMs in India have penetration majorly in rural areas as government is
encouraging non-banking entities to open white label ATMs in rural areas to
reduce the shortage of ATMs and financial services in rural areas of the
country.
By Service Offering: ATM managed services market
incorporates various services such as ATM repair, maintenance, ATM Site
Management, Cash management services, Transaction processing, ATM supply, Cash
Reconciliation Statement and Content & Electronic Journal Management.
ATM repair and maintenance services such as (FLM, SLM and
other services such as ATM deployment, management and operationalization of
ATM) have dominated the market in terms of revenue during FY’2018. However,
other services (Transaction Processing, ATM Site Management, Cash
Reconciliation, Content & Electronic Journal Management) contributed rest
of the percentage in revenue generation during FY’ 2018.
Snapshot on India ATM Cash Management
Services
Market Size: 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. India cash
management services market has increased at a double digit CAGR during the
period FY’ 2013 -FY’ 2018. Market attained significant growth during the period
FY’2013 - FY’ 2016 due to increase in services offered by the cash management
companies such as cash vault services, bullion management, cash processing and
others.
Market Segmentation by Services: Cash management service companies
(CMC) generates highest share of their revenue through ATM replenishment
service. 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, 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. 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 share of the overall Cash Management
Market. Out of these players, CMS Infosystem continues to be the market leader
for past 4 years.
Competition Scenario:
ATM Supply Management: The market for ATM Supply and
deployment companies is highly concentrated with few players constituting more
than two-third of the total share. NCR Corporation, AGS Transact, Diebold
Nixdorf, Nautilus, Hitachi Payments, Vortex Engineering and Euronet are the
major players in the ATM supply and deployment industry. NCR Corporation is the
market leader followed by AGS Transact and then by Diebold Nixdorf in terms of
revenue generation.
ATM Managed Services Company: The competition stage of the ATM
Managed Service market is moderately concentrated with banks and other non-
financial entities following a policy of having at least two vendors for the
management of their ATM centers and simultaneously having the best combination
of technology and cost efficiency. Hitachi Payments, Tata Communication
Payments Solution, Electronic Payments and Solutions, AGS Transact, Fidelity
Information Services, Financial Software and Systems are the major players in
the industry. The market is dominated by Hitachi Payments followed by AGS
Transact in terms of revenue generation during FY’2018.
Future Outlook and Projections:
By Revenue: In the next 5 years, ATM managed services market revenue is
expected to increase as the country will benefit from the implemented schemes
of Financial Inclusion and Jan Dhan Yojana coupled with the increasing
awareness among the population of semi-urban and rural areas for the usage of
ATMs. There will be an increase in the demand for Managed Services owing to the
increase in the number of ATMs in the country especially in the rural areas.
The outsourcing of cash recyclers in the future by the banks will give these
MSPs another tranche of revenues streams.
Key Topics
Covered in the Report:-
·
India ATM Managed Services Market Size
(FY’2013-FY’2018)
·
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
·
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’2018-FY’2023E)
For more information on the research report,
refer to below link:-
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