ATM Outsourcing Market Scope
ATM Outsourcing market is expected to mark significant growth over the forecasted period owing to constant changes and updates for technology and compliance in ATM and emerging economies' dependency on cash. ATM outsourcing provides management of all processes related to ATM such as renting of ATMs, a variety of ATM models, full maintenance and monitoring of ATM. The major companies are focusing on customer satisfaction by outsourcing customer care service. Moreover, increasing demand from developing countries owing to growth in the banking industry and providing services through ATM further propelling market growth.
The market study is being classified by Type (ATM Monitoring Outsourcing, ATM Operation Outsourcing, ATM Full Outsourcing and Other Outsourcing), by Application (In-bank Mode and Off-bank Mode) and major geographies with country level break-up.
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global ATM Outsourcing market throughout the predicted period.
Cardtronics (United States), FIS (United States), CashTrans (United States), Asseco (Poland), Burroughs (United States), ATMJ (Canada), NCR (United States), NuSourse (United States), Dolphin Debit (United States) and Transaction Solutions International (India) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Provus ( Turkey), GRG Banking (China) and King Teller (China).
AdvanceMarketAnalytics has segmented the market of Global ATM Outsourcing market by Type, Application and Region.
On the basis of geography, the market of ATM Outsourcing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In July 2019, NCR Corporation announced that the company has acquired D3 Technology, Inc. Adding D3 immediately expands NCR Digital Banking into new market segments, including U.S. large banks and over time, international banks., and In June 2019, Dolphin Debit acquired longtime competitor Outsource ATM and has added Outsource’s scores of clients and managed ATMs to its national footprint. With the acquisition, privately held Dolphin Debit adds another 65 financial institutions to its client base, furthering its position as the leading pure-play ATM outsourcing provider to credit unions and banks.
In Oct 2019, NCR Corporation released Vision SaaS, the industry-leading NCR self-service device management solution. With this move to a SaaS model, Vision is now a hosted software solution to provide banks or credit unions full visibility and control over their ATM channel, driving improved availability, security and compliance, better consumer experiences and business performance.
According to the Electronic Fund Transfer Act (Regulation E), the owner of an ATM was required to both posts a physical notification and an on-screen notification that a fee is charged for providing the service of its machine. The physical notice was to be posted on the machine or somewhere visible to a user at the machine.
- Avabilitity of Banking Functionality to Consumers Through the ATM Channel such as Cash Deposit
- Upgrading ATM Infrastructure to Enhance Security and Convenience
- Increasing Number of Banks across the Wolrd
- Constant Changes and Updates for Technology and Compliance, ATM Outsourcing Eliminate Responsibility for Maintaining Regulatory Compliance
- Managing Cash Replenishment can be Difficult for a Financial Institution to Handle on its Own
- Increasing Usages of Digital Payments such as Mobile Payments, Credit and Debit Cards
Key Target Audience
ATM Manufacturers, Potential Investors and ATM Service Provider
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