The
report titled “India
ATM Cash Management Market Forecast to 2023 - by ATM Replenishment, Cash in
Transit, Cash Pickup and Delivery and Vaulting Services, Bullion Management,
and Cash Processing” provides a comprehensive analysis of India ATM
Cash Management Services market introduction and genesis,
market size by revenue and working model. The report provides competitive
landscape of major players in India Cash Management Services market such as CMS
Info System, SIS Prosegur, Brink’s Arya, Writer Safeguard, Securevalue, Logicash and
Radiant Cash. The report also covers future projections. The report is useful
for ATM Managed service providers, Cash management companies, ATM
Manufacturers, White Label ATM Management companies, Banks, Reserve Bank of
India (RBI), ATM Switch companies, Cash Reconciliation companies, Digital
payments merchants and other stake holders to align their market centric
strategies according to ongoing and expected trends in the future.
Market Overview:
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)
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about the publication, refer to below link:-
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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
