Trends and Developments in India ATM Managed Services and Outsourcing Market: New Release

PITAMPURA, India - Jan. 14, 2015 - PRLog -- ·         The ATM Managed Services and Outsourcing Market is expected to cross INR  200 billion by FY’2019

·         Future growth of market will be on account of rising number of ATMs and the Government’s focus on increasing financial inclusion throughout the country

·         Service providers are trying to win contracts by quoting low fee charges

Ken Research announced its latest publication on “India ATM Managed Services and Outsourcing Market Outlook to 2019 - Spurred by Expansion of the ATM Network” which provides a comprehensive analysis of the revenue generated by Service Providers thought the management and deployment of ATMs. The report covers various aspects such as market size of India ATM Managed Services and Outsourcing Market, segmentation on the basis of fixed and variable fee model, completely outsourced ATMs by major banks and future outlook of the market. The report is useful for existing service providers in India, as well as new players venturing in the market.

The advantages attached to outsourcing of ATM services are immense. Not only does it allow banks to concentrate on their core banking business, but also provides cost benefits to the banks in setting up of ATMs. The outsourcing of ATM services achieved highest growth during the period 2009-2011, where banks realized the advantages attached to the same and started outsourcing their ATMs at a rapid pace. From 2012 onwards, the revenue growth of the market has been continuously picking up. Considering factors such as increasing debit card base in the wake of the Jan Dhan Yojana, expansion of the ATM network in the country and the transition of ATMs managed by banks to outsourcing of ATMs will provide a boost to the revenue of the market.

According to the research report, the ATM managed services and outsourcing market will grow at an impressive double digit CAGR and will cross INR 200 billion by FY’2019.

“Outsourcing ATM services has now become the most viable option for banks for setting up off-site ATMs. The same in turn is adding to the revenue of the ATM service providers operating in India”,according to the Research Analyst, Ken Research.

Key Topics Covered in the Report:

-          Market Size by Volume

-          Market Segmentation by

o   Fixed and Variable Fee Model

o   ATMs outsourced by major banks

-          Trends and Development

-          Growth drivers

-          Issues and Challenges

-          ATM Cost components Cost Major services rendered to banks

-          Major Investments in the Industry

-          Competition and Market Share

-          Future Outlook

Key Services and Products Mentioned in the Report

-          Cash Management

-          Network Monitoring

-          Brown Label ATM

-          White Label ATM

-          Managed Services ATM

-          ATM Managed by Banks

Companies Covered in the Report

-          Prizm Payments

-          AGS Transact Technologies

-          Financial Software and Systems

-          CMS Info Systems

-          Brink’s Arya

-          SIS Prosegur

-          Writer Safeguard

-          ISS SDB, Task4 Securities, G4S

Related Reports:

India ATM Industry Outlook to 2018 - Increasing Penetration of White Label ATMs to Intensify Growth (https://www.kenresearch.com/banking-financial-service-ins...)

Global ATM Market Outlook to 2015 - Rising Challenges by Evolving Alternative Payment Methods (https://www.kenresearch.com/banking-financial-service-ins...)

Source: https://www.kenresearch.com/banking-financial-service-insurance/banking-industry/india-atm-managed-services-outsourcing-market/612-93.html

Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Query@kenresearch.com
+91-11-47017199