Global ATM Outsourcing Services Market Size, Share, Growth Report 2030

ATM Outsourcing Services Market

The global ATM outsourcing services market was valued USD 21.35 billion in 2022 and is expected to rise to USD 27.47 billion by 2030 at a CAGR of 3.10%.

The drivers, obstacles, and difficulties of the worldwide ATM outsourcing services market are examined in this study along with their impact on demand throughout the forecast period. The paper also looks at new prospects in the ATM outsourced services sector.

Global ATM Outsourcing Services Market: Overview

Among the industries with the fastest global growth is banking. The volume of transactions involving money has expanded dramatically, resulting in higher costs for banks and an increase in related inquiries. This is essentially what has sparked global interest to ATM outsourcing over the past few years. ATM outsourcing services include cash handling, equipment maintenance, regulatory difficulties, and timely system updates. ATM installation, site identification, connectivity support, infrastructure needed for ATMs, and FLM & SLM services are among the other services provided by ATM outsourcing. ATM outsourcing eases the burden of regulatory compliance, controls operating expenses, and lowers capital costs.

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Global ATM Outsourcing Services Market: Growth Factors

The market for ATM outsourcing services is expanding significantly on a global scale. The market is expanding due to many causes such as growing operational costs, server problems, and the proliferation of ATM services. Due to the lack of ATM services in underdeveloped areas, the number of individuals visiting banks to transact money is still rising, placing a heavy load on banks. Even with some operational limitations, banks are still unable to connect with every end consumer. This is one of the main reasons why ATM outsourcing is expanding in underdeveloped nations. Additionally, maintaining ATMs to provide hassle-free services for consumers is a crucial yet demanding task for banks; as a result, banks increasingly choose to use outsourcing solutions.

The majority of sectors have been adversely impacted by the COVID-19 pandemic, and the banking industry is no exception. The number of online money transactions has increased significantly during the current pandemic, which has already had a negative effect on ATM use. Most banks worldwide have stopped working on new projects or expanding their services because of the lockdown period, which has also resulted in a large loss of customers and reduced revenue for the banking industry. The need for ATM outsourcing services decreased as a result of these causes. Nonetheless, a number of governments worldwide have implemented successful measures to restore the economy, which could support the expansion of the worldwide ATM outsourcing services industry in the next years.

Global ATM Outsourcing Services Market: Segmentation

Based on type, deployment, and geography, the global market for ATM outsourcing services is divided into two segments. The global market for ATM outsourcing services is split into two segments based on the type: individual services and end-to-end outsourced ATM services. ATM site maintenance and repair services, ATM cash management services, ATM security services, ATM site outsourcing services, and other categories are further subdivided into individual services. The global market for ATM outsourcing services is divided into three segments based on deployment: off-site, on-site, and mobile ATMs. Of these, the off-site ATMs market is anticipated to rise at a swift pace during the course of the forecast.

Global ATM Outsourcing Services Market: Competitive Players

Key players operating in the global ATM outsourcing services market are Transaction Solutions International, Dolphin Debit, ATMJ, CashTrans, NuSourse, NCR, Euronet, FIS, Asseco, and Cardtronics among others.

Global ATM Outsourcing Services Market: Regional Analysis

It is anticipated that Asia Pacific will take the lead in the global market for ATM outsourcing services. The Southeast Asia Pacific region is expected to produce the majority of the revenue. The most profitable markets in the Asia Pacific area are anticipated to be found in nations like China and India. The two main developed markets are North America and Europe.

Over the course of the forecast period, the ATM outsourcing services market in North America is expected to grow at a healthy rate, while the ATM outsourcing services market in Europe is expected to create considerable revenue.

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