How ATM Managed Services Market Is Positioned in India?
Traditionally, people in India used to be highly dependent on local
money lenders and public sector banks for withdrawing cash or for taking up the
loans for fulfilling their cash requirement. After introduction of private
banks such as HDFC, UTI (Axis Bank), ICICI and IDBI bank, these banks have
started expanding their ATMs since the year 1994. Currently ATM management
services market is at a developing stage. The ATM
Managed Services Market is moderately fragmented among top
6-7 players which constituted ~% of the revenue share though there are number
of smaller players existing in the market. Indian government during August,
2014 has initiated the scheme of opening up of bank account at zero balance under
Pradhan Mantri Jan Dhan Yojana (PMJDY). This led to expansion in the number of
transactions performed in an ATM as debit card users in India increased
significantly. India
ATM managed services market size in terms of revenue has increased from INR ~
million in FY’ 2016 to INR ~ during the year FY’ 2021.
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 by ~ ATMs from ~ as of 31st
March 2016 to ~ as of March 31st 2021. As of 31st March
2021, approximately ~% 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. It is clearly witnessed that banks have been
increasing the number of ATMs which they outsource to MSPs, which has been
counted as primary reason for increase in revenue garnered by ATM managed
services market.
Government announced demonetization of currency in November, which led
to shortage of currency circulation in the economy and impacted ATM managed
service market during FY 2017. The ATM managed services industry was again
affected during FY’2021 due to the lockdowns and restrictions caused by the
COVID-19 global pandemic.
How are the ATMs being managed
in India?
In India, there are four types of ATMs which exist for the management.
These are namely Managed Services (MSPs), Brown label ATMs (Completely
Outsourcing/IADs), ATMs managed by banks and White label ATMs. Majority of ATMs
are from managed services which were recorded at ~ ATMs as on 31st
March 2021. However, Brown Label ATMs has been recorded as ~ in numbers as of
31st March 2021. These ATMs are owned by banks and further deployed
to ATM management companies for their management.
As of 31st March 2021, ~ ATMs are entirely owned and
managed by banks which are less as compared to number of brown label ATMs
operated in India. On the other side, penetration of White label ATMs in India
is quiet low as compared to other ATMs operating in the market as only ~ ATMs
are installed in India as of 31st March 2021.
White label ATMs in India have their penetration majorly in semi-urban
and rural areas as government is encouraging non-banking entities to open white
label ATMs in these areas to reduce the shortage of ATMs and financial services
in rural areas of the country. It was recorded that as of March 31st
2021, ~ White label ATMs exist in rural centers, ~ WLAs in semi urban centers, ~
in metro centers and ~ in urban centers.
Which Type of ATM Machines are Operated in India?
In India, ATM machines are primarily of two types which are Cash
dispensing machine (CDM) and cash recyclers. Cash dispensing machine have
dominated the number of ATMs as they have high percentage share as compared to
number of cash recycler machines recorded at approximately ~% as of 31st
March 2021. However, number of cash dispensing machines operating in India was
observed to be ~ as of 31st March, 2021.
Majority of the ATM cash recycler machines have been observed in the
Metro cities and urban areas as people are using these ATMs to save their time
in reaching out to a particular bank branch and standing in a queue to deposit
the money. However, cash recyclers are not widely present in rural areas owing
to limited know how of the machines.
Major players in the market which manufactures the CDM are NCR
Corporation, AGS Transact, Hitachi Payments and others. During FY’2021, it was
recorded that State Bank of India had the most of number of Cash Recycling
Machines deployed which was ~ number of machines, followed by Axis Bank and
Bank of India with ~ and ~ number of cash recycling machine units installed.
Overview of the Indian economy
Indian
Economy’s long-term growth potential is positive due to the penetration of
young population, corresponding low dependency ratio, robust savings and
investment rates, and increasing globalization of the economy. India is world’s
sixth largest economy by nominal GDP and third largest by purchasing power
parity (PPP) during 2020.The country is positioned at 162ndrank in
the World in per capita GDP (nominal) with USD ~as of 2021.
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
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)
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Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249
