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ATM Managed Services Market Competitive Analysis & Forecast 2032

  • Writer: Pallavi Garudkar
    Pallavi Garudkar
  • 2 days ago
  • 2 min read
ATM Managed Services Market
ATM Managed Services Market

According to Fortune Business Insights the global ATM managed services market size was valued at USD 8.41 billion in 2024. The market is projected to grow from USD 9.04 billion in 2025 to USD 16.78 billion by 2032, exhibiting a CAGR of 9.2% during the forecast period.

The ATM Managed Services Market comprises outsourced services that support the operation, monitoring, maintenance, and management of automated teller machine (ATM) networks. These services enable banks and financial institutions to reduce operational costs, improve ATM uptime, enhance security, and focus on core banking activities. Growing digitization of banking services and cost-optimization strategies are accelerating the adoption of ATM managed services worldwide.

Market Share Analysis

  • Banks and financial institutions account for the largest share as primary users of managed ATM services

  • Cash replenishment and currency management services dominate due to their direct impact on ATM uptime

  • Offsite and mobile ATMs are gaining traction across urban and semi-urban locations

Key Growth Drivers

  • Increasing outsourcing of ATM operations by banks to reduce costs

  • Rising demand for high ATM uptime and improved customer experience

  • Expansion of ATM networks to support financial inclusion

  • Adoption of remote monitoring, analytics, and automation technologies

Segmentation Analysis

By Service Type

  • ATM Replenishment & Currency Management

  • Network Management

  • Security Management

  • Incident & Support Services

  • Others

By ATM Location

  • Onsite ATMs

  • Offsite ATMs

  • Worksite ATMs

  • Mobile ATMs

By End User

  • Banks & Financial Institutions

  • Third-Party ATM Operators

  • Retail & Commercial Establishments

Regional Insights

  • Asia Pacific: Holds a significant share due to expanding ATM networks and financial inclusion programs

  • North America: Shows strong growth driven by ATM outsourcing and advanced monitoring technologies

  • Europe: Steady growth supported by modernization of banking infrastructure

  • Latin America and Middle East & Africa: Growth driven by increasing banking access and ATM deployments

Key Players in the ATM Managed Services Market

  • AGS Transact Technologies Ltd (India)

  • NCR Atleos Corporation (Cardtronics Inc) (U.S.)

  • Diebold Nixdorf Incorporates (U.S.)

  • Euronet Worldwide Inc (U.S.)

  • Financial Software & Systems Pvt Ltd (India)

  • Fiserv Inc (U.S.)

  • Hitachi Payment Services Pvt Ltd (India)

  • CMS Info Systems Ltd (India)

Key Industry Development:

  • November 2024: NCR Atleos Corporation signed a collaboration with Waitrose Supermarkets across the U.K. The basic aim of collaboration was to improve the improving the network of ATM services.

  • September 2024: Brinks Incorporated signed a partnership with Sainsbury Bank, based in the U.K. deals in supermarket chains. The partnership was done by the deal name NoteMachine. The basic aim of the partnership was to provide services such as transaction processing, maintenance, remote monitoring, and service atm replenishment.

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