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    ATM Outsourcing Market Report

    ATM Outsourcing Market Report
    Report code - SR1057 Delivery - 2 Weeks
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    Global ATM Outsourcing Market, Dynamics, Trends, Market Analysis
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    Market Insights

    The Global ATM Outsourcing Market is estimated to grow from USD 21.5 billion in 2020 to USD 23.1 billion by 2026 at a healthy CAGR of 1.2% during the forecast period.

    Figure: Global ATM Outsourcing Market Size, 2020-2026 (USD Million)

    ATM-Outsourcing-Market-Forecast

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    What is ATM Outsourcing?

    ATM outsourcing is a business process allocation to a partner under the conditions defined beforehand. ATM outsourcing includes: ATM renting, hardware and software maintenance, ATM monitoring and reporting, ATM Lifecycle management.

    Segments' Analysis

    Key players operating in the global ATM outsourcing market are-

    • Cardtronics (The U.S),
    • Cash Transactions (The U.S),
    • Asseco (Poland),
    • Burroughs (The U.S),
    • Avery Scott (The U.S),
    • Sharenet (South Africa),
    • ATMJ (Portugal),
    • NCR (The U.S),
    • NuSourse (The U.S), and
    • Dolphin Debit (The U.S).

    Market Dynamics

    Growing technology development and compliance makes it difficult for financial companies to install and maintain ATMs. The rising number of banks across the globe increases the demand for installation and management of ATMs, thus augmenting the market growth. Also, benefits of ATMs such as multiple facilities including withdrawing or opening fixed deposits, applying for a personal loan, paying the insurance premium, and transferring cash, further bolsters the industry growth.

    Segments' Analysis

    Type Trends

    Based on type, the ATM Outsourcing market is classified into ATM monitoring outsourcing, ATM operation outsourcing, ATM full outsourcing, and others.

    • The ATM monitoring outsourcing segment held the largest share in 2020 and is projected to grow at the highest CAGR during the assessment period.
    • This is mainly attributed to rising adoption of ATM outsourcing services mainly due to features such as regulatory compliant and cost-effective service, further bolstering the segment growth.

    Regional Trends

    By region, the North American market accounted for the largest share in 2020 and is expected to grow at a substantial CAGR in the following years.

    • This is mainly ascribed to growing adoption of the ATM outsourcing services for enhancing banking services in countries in the region.
    • Also, strong banking sector coupled with presence of large number of banks, further proliferates the regional market growth.

    COVID-19 Impact on Global ATM Outsourcing Market

    The COVID-19 outbreak has positively influenced the ATM Outsourcing industry. Surging cases of coronavirus infections has resulted in social distancing and lockdown norms in various countries across the globe to curb the spread of the virus. This has forced the banking and finance industry to use digital mediums to reduce interaction and crowding of customers in banks to prevent the spread. Due to the pandemic, it became difficult for banks to manage ATMs and in-branch service with less manpower. Thus, this created a surging demand for ATM outsourcing services.

    Critical Questions Answered in the Report

    • What are the key trends in the global ATM outsourcing market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global ATM outsourcing market?
    • What are the key strategies adopted by the major vendors to lead in the global ATM outsourcing market?
    • What is the market share of the top vendors?

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    Target Audience

    The following is a list of the customers that the ATM Outsourcing market aims to convert the most:

    • ATM Outsourcing vendors
    • ATM Outsourcing retailers
    • Government Banks
    • BFSI companies

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The ATM outsourcing market is expected to witness an impressive growth if 1.2% CAGR in the foreseeable future.

    Cardtronics (The U.S), Cash Transactions (The U.S), Asseco (Poland), Burroughs (The U.S), Avery Scott (The U.S), Sharenet (South Africa), ATMJ (Portugal), NCR (The U.S), NuSourse (The U.S) and Dolphin Debit (The U.S) are among the key players in the ATM outsourcing market.

    The ATM outsourcing market size is expected to reach USD 23.1 billion in the coming years.

    North American market accounted for the largest share in 2020 and is expected to grow at a substantial CAGR.

    ATM monitoring outsourcing segment is expected to grow at the highest share in the ATM outsourcing market in the coming years.

    ATM Outsourcing vendors, ATM Outsourcing retailers, Government Banks, BFSI companies are the target audience in the ATM outsourcing market.