ATM Managed Services Market Procurement Research – Market Trends and Spend Analysis by SpendEdge

LONDON–(BUSINESS WIRE)–#atm–Global procurement intelligence advisory firm, SpendEdge,
has announced the release of their ‘ATM
Managed Services Market Procurement Research Report
.’ The
insights and data in this report provide a strategic analysis of the
supply markets, factors influencing purchasing decisions, procurement
best practices, pricing models, supplier landscape, and an analysis of
the supplier capability matrix for the managed
services industry
. This report breaks down the data and analysis
behind the procurement of ATM managed services and acts as an
all-inclusive guide for making smart purchasing decisions.

“The ATM managed services industry is experiencing a high global
demand for digital ATM services from financial institutions such as
banks due to its user-friendliness and low transaction time,” says
SpendEdge procurement analyst A Kowshik. “The rapid adoption of new
technological tools to
provide better customer experience and
reduce cyber-attacks will further help banks to reach out to the
unbanked remote areas cost-effectively,” added Kowshik.

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Procurement analysts at SpendEdge highlight the following top three
market trends that are contributing to the growth of the Global ATM
Managed Services Market:

  • Adoption of IoT in ATM management services
  • Installation of cash recycler
  • Next-gen omnichannel ATM management solution

This report is available at USD 1000 discount for a limited time only:
the report snapshot before purchasing

Adoption of IoT in ATM management services:

The increase in cyber attacks across economies has escalated security
concerns among the global population. Also, the high operating costs,
demand for higher uptime, and the need for better management of ATM
sites have led to the demand for a central monitoring system that makes
business processes easy and straightforward for buyers such as financial
institutions. Incorporating IoT helps in delivering complete visibility
and real-time control of such systems, thereby enabling safer and
efficient management of ATM sites. It also offers benefits such as live
monitoring and helps lower costs due to low human deployment.

Installation of cash recycler:

Financial institutions are focusing on installing cash recyclers as cash
recycling software enables financial institutions to offer appropriate
services to their customers and improve operational efficiency while
cutting down costs. Cash recyclers are used to recycle notes as it helps
in reducing cash replenishment, errors by tellers, reduction in scope of
attacks and cash counterfeit. Moreover, this software also helps in
tackling cost sinks such as counting cash multiple times, the manual
reconciliation process, and inadequate transportation.

Next-gen omnichannel ATM management solution:

Omnichannel ATMs are evolved to be a channel complementary to branch,
mobile, and internet banking with the primary objective to create a
consistent experience across all channels. Such ATM’s include targeted
marketing and advertising, information services, multi-media ATMs, rapid
dispensing capabilities, and international remittances. KPI’s of
omnichannel ATM management systems include status indicators such as
cash level indicator and fault indicators.

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Shilpa Balakrishnan
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