Indonesia ATM Managed Services Revenue is Expected to Reach Close to Over IDR 9.9 Trillion by 2023: Ken Research

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GURUGRAM, India, Aug. 1, 2019 /PRNewswire/ -- Indonesia ATM Managed Services Market will be facilitated by increasing cash withdrawals from ATM, increase in cash recyclers in the country, high penetration of white label ATMs in rural areas, growing demand for outsourcing management services by banks and new upcoming models of managing ATMs in the country. There would be an opportunity for players to set up white label ATMs & brown label ATMs in the future. This will ensure high ATM penetration in remote areas.

Debit Card Penetrations in the country is anticipated to increase in the future owing to increase in government's initiatives towards financial inclusion, which will make them more capable of making withdrawals and other non-financial transactions from an ATM. The number of bank accounts is also estimated to increase during the forecast period.

The companies operating in the industry are incurring heavy expenditures on the research and development of the new technologies and the benefit of which is expected to be seen in the later years. Automated processes will reduce down the operational expenses and hence, more cost effective solutions to the vendors could be expected in the coming years.

Analysts at Ken Research in their latest publication "Indonesia ATM Managed Service Market Outlook to 2023 - By ATMs (On-Site ATM, Off-Site ATM, Mobile ATMs), by Service (Cash Management Services, ATM Repair & Maintenance, ATM Site Maintenance & Others- Journal Management & ATM Reconciliation), By ATM Machine (Cash Dispensers, Cash Recyclers) and By Cash Management Services (Cash Replenishment Service, Cash-in-Transit, Others - Cash Processing, Cash Vaulting & Cash Forecasting" believe that the market is expected to register positive CAGR of close to 5% in terms of revenue generated by managed service providers during the forecasted period 2018-2023E.

Key Segments Covered in Indonesia ATM Managed Service Market

• By Type of ATMs (On the basis of Number of ATMs)
• On-Site ATMs
• Off-Site ATMs
• Mobile ATMs
• By Service Offerings (On the basis of Revenue)
• Cash Management Services
• ATM Repair & Maintenance
• ATM Site Maintenance
• Other Services- Journal Management & ATM Reconciliation
• By Type of ATM Machine (on the basis of Number of Machines)
• Cash Dispensers
• Cash Recyclers
• By Service offerings of Cash Management Companies (On the basis of Revenue)
• Cash Replenishment Service
• Cash-in-Transit
• Other cash management services including cash processing, cash vaulting & cash forecasting

Key Target Audience

• Managed Service Providers
• Major ATM Suppliers / Vendors
• Cash Management Companies
• Banks (Private, Commercial, State)
• Bank Indonesia
• Otoritas Jasa Keuangan
• Government Institutions
• Investors

Time Period Captured in the Report:

• Historical Period – 2013-2018
• Forecast Period – 2019-2023

Companies Covered:

• Diebold Nixdorf
• NCR Corporation
• SSI (Swadharma Sarana Informatika)
• Bringin Gigantara
• Advantage
• G4S
• Kejar
• Abacus
• TAG
• Nawakara

For more information on the market research report please refer to the below link:

https://www.kenresearch.com/banking-financial-services-and-insurance/banking/indonesia-atm-managed-service-market-outlook/228785-93.html

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The report covers market revenue generated by managed service providers in Saudi Arabia along with market segmentation by service offerings (from cash management services, ATM repair and maintenance and ATM site maintenance services), by type of ATMs (On-site, off-site, Mobile ATMs), by ATM Machine (Cash Dispensers, Cash Recyclers), and by service offerings of Cash Management Companies (Cash Replenishment Service, Cash-in-Transit & Other cash management services including cash processing, cash vaulting, cash reconciliation & cash forecasting) for the period 2013-2023. The report also covers emerging growth drivers and trends; issues and challenges; decision making parameters; and competitive landscape of players in the market with special focus on Abana, Hamrani, AMNCO, Abu-Sarhad, NCR, Hyosung, Sanid, G4S Almajal and Hemaia Group. The interpretation explores ATM Supply Market and ATM Cash Management Services Market, future outlook & projections along with analyst recommendation & macroeconomic variables highlighting the major opportunities & cautions to the readers. This report will particularly help the readers to identify the ongoing trends in the industry and anticipated growth in the future depending upon changing industry dynamics in upcoming years.

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SOURCE Ken Research