India ATM Managed Services Market Outlook to FY'2027 By Managed Services (ATM Repair & Maintenance, ATM Site Management, Transaction Processing, Cash Reconciliation Statement, Content & Electronic Journal Management), ATM Supply & Cash Management

Description

The report provides a comprehensive analysis of the potential of the ATM Managed Service Market in India. The report covers a comprehensive analysis of the India ATM Managed Services market introduction and genesis, the market size by revenue, market ecosystem, and value chain analysis.

The market segmentations include the type of Service Offerings, type of ATM, ATM Machine Model, types of Services, and market share of Major Players by revenue. The report covers a snapshot of the Indian ATM Cash Management Services market and ATM Supply Market, the decision-making process for the India ATM Management Services Market, and value chain analysis. The report also covers the Impact of Demonetization and COVID-19 on the ATM Managed Services, SWOT analysis, and future projections along with analyst recommendations.

Market Overview

According to Ken Research estimates, the India ATM Managed Services Market - which grew from approximately INR ~91 Bn in FY'2016 to approximately INR ~115 Bn in FY'2022, owing to the growing number of ATMs in the country coupled with increasing financial transactions at ATMs due to initiatives to financial inclusion such as Direct Benefit Transfer (DBT) program, Pradhan Mantri Jan-Dhan Yojana (PMJDY) initiative (the biggest financial inclusion initiative in the world where millions of accounts were opened and RuPay cards were issued) and rolling of White Label ATMs in rural India.

Indian government in August 2014 initiated the scheme of opening up a bank account at zero balance under Pradhan Mantri Jan Dhan Yojana (PMJDY). As a result, there were more transactions made at ATMs because of the considerable increase in debit card users in India

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 the ATM-managed service market. Over the span of the last five years, the number of ATMs installed has increased positively during the period FY'2016 to FY'2022. As of 31st March 2022, around 87% 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.

Key Trends by Market Segment

By Type of ATMs: In India, there are four types of ATMs management including Managed Services (MSPs), Brown label ATMs, (Completely Outsourcing/IADs) ATMs Completely managed by banks and White label ATMs. Brown Label ATMs (IADs) have been recorded as the second highest number of ATMs, these ATMs are owned by banks and further deployed to ATM management companies for their management.

By Service Offering: ATM managed services market incorporates various services such as ATM repair, maintenance, ATM Site Management, Cash management services, Transaction processing, ATM supply, Cash Reconciliation Statement, and Content & Electronic Journal Management. ATM site management, Cash Management and ATM Supply have dominated the market in terms of revenue during FY'2022. Other services (Transaction Processing, ATM Repair, Cash Reconciliation, Content & Electronic Journal Management) contributed the rest of the percentage in revenue generation during FY'2022.

Future Outlook

In the next 5 years, ATM managed services market revenue is expected to increase as the country will benefit from the implemented schemes of Financial Inclusion and Jan Dhan Yojana coupled with the increasing awareness among the population of semi-urban and rural areas for the usage of ATMs. There will be an increase in the demand for Managed Services owing to the increase in the number of ATMs including cash dispensing and cash recycling machines in the country, especially in the rural areas. The market scenario is also expected to change from being moderately concentrated to being fragmented with the introduction of new players in the market such as SFBs, Payment banks, and White Label ATM Operators.

Product Code: KR1265

1. Executive Summary

2. Research Methodology

2.1. Market Definitions
2.2. Abbreviations
2.3. Market Sizing and Modeling

3. Indian Economy Overview

4. India ATM Managed Services and Outsourcing Market Introduction

4.1. India ATM Managed Services Market Overview
4.1. Advent and Reasons for Outsourcing ATM Services
4.2. Cross Comparison of Global ATM Industry with Banking Industry in India
4.3. Banking Industry in India
4.4. Global Technology Trends in ATM Industry

5. Value Chain Analysis of India ATM Managed Services Market

6. Ecosystem for India ATM Industry

7. Current ATM Management Models in India

7.1. Brown Label ATM Model
7.2. ATM Managed Services Model
7.3. Revenue Streams/ Business Models Prevailing in India ATM Managed Services

8. India ATM Managed Services Market Size by Revenues, FY'2016-FY'2022

9. India ATM Managed Services Market Segmentation

9.1. By Type of ATMs (Managed Services, Brown Label ATM, Managed by Bank and White Label), as of March 31st, 2022
9.2. By Type of ATM Machine (Cash Dispensing Machine and Cash Recyclers) on the Basis of Number of ATMs, as of March 31st, 2022
9.3. By Service Offerings (ATM Site Management, Cash Management Services, Transaction Processing, ATM Supply, ATM Repair and Maintenance, Cash Reconciliation Statement and Content & Electronic Journal Management), FY' 2022
9.4. By Business Model (Fixed Pay and Variable Pay Model), FY' 2022

10. India ATM Cash Management Services Market Introduction and Market Size

10.1. India Cash Management Services Market Size, FY'2016-FY'2022
10.2. India Cash Management Services Market Segmentation by Services (ATM Replenishment, CIT, CPD and others), FY'2022
10.3. Competition Scenario in India Cash Management Services Market

11. Decision Making Process and Tender Bids

11.1. Decision Making Process for India ATM Managed Services Market
11.2. Tender Process Applicable in India ATM Managed Service Market
11.3. Open Government Tenders for ATM Managed Services in India

12. Historical Trend of Cash Circulation in India, FY' 2022

12.1. Cash Withdrawals in India, - FY' 2022
12.2. Importance of Cash in India, FY'2022
12.3. Growth in Debit Cards, Credit Cards and M-Wallets, FY' 2016 - FY' 2022
12.4. Impact of Demonetization and on Number of Available ATMs Transactions/ATM and Revival
12.5. Minimal Impact of Digitization on Cash in India
12.6. Direct Benefit Transfer

13. Impact of COVID-19

13.1. Business Dynamics Due to COVID-19

14. Trends and Developments in India ATM Managed Services Market

15. Issues and Challenges in India ATM Managed Services Market

16. Government Regulations for the ATM Managed Services

16.1. Implementation of Cassette Swapping in ATM machines
16.2. Interchange Fee
16.3. New MHA Guidelines for the ATM industry in India

17. Recent Investment Details (Mergers, Acquisition and Partnerships in ATM Management Services)

18. SWOT Analysis for India ATM Managed Services Market

19. Major Cost Components and Profitability analysis of ATMs

19.1. Private Sector Bank ATM
19.2. Brown Label ATM (Variable Pay Model)
19.3. Brown Label ATM (Fixed Pay Model)
19.4. Brown Label ATM (Variable on CAPEX Model)
19.5. New Entrants ATM Plans and Strategy

20. Geographical Analysis of India ATM Managed Services Market

20.1. ATM Penetration in Tier 2 and Tier 3 Cities
20.2. Growth in Use of Micro ATMS

21. Competition Scenario in India ATM Managed Services Market

21.1. Heat Map of Major Players in India ATM Managed Services Market

22. Company Profiles of Major Players in India ATM Managed Services Market

22.1. Hitachi Payment Services
22.2. CMS Info System Ltd.
22.3. NCR Corporation
22.4. Diebold Nixdorf
22.5. AGS Transact Technologies ltd.
- 22.5.1. Secure value India (Subsidiary of AGS Transact)
22.6. Tata Communication Payment Solution
22.7. Euronet Services Private Limited
22.8. Writer
22.9. Financial Software and Systems
22.10. SIS India Limited
22.11. Fidelity Information Services Pvt Ltd.
22.12. EPS Services
22.13. Brink's Arya
22.14. BTI Payments

23. India ATM Managed Services Market Future Outlook and Projections, FY' 2022 - FY' 2027F

23.1. By Revenue, FY'2022 - FY'2027F
23.2. By Service Offerings (ATM Managed Services, Cash Management Services, ATM Supply), FY' 2022 - FY' 2027F

24. Analyst Recommendations

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