Increase in the number of Cash Dispensers & Cash Recyclers, increase in debit & credit card penetration, rising bank’s demand for outsourcing managed service and entry of local and international players in the market will be the key factors driving growth in Indonesia ATM Managed Service Market.
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)” believes that an increase in the number of ATMs, Adoption of cards by the people and Increase in number of ATMs outsourced by Bank would surge the overall revenue generated in Indonesia ATM Managed Services Market. The market has witnessed a positive CAGR of close to 5% in terms of revenue generated by managed service providers from ATM managed services, during the review period 2013-2018.
The rise in the Number of ATMs in Indonesia: Indonesia ATM Managed Service Market has witnessed strong growth in ATM Managed services owing to the increase in the number of ATMs. During the review period, 2013 to 2018, the number of ATMs in the country has increased at a CAGR of close to 7%. The introduction of a new breed of ATM machines such as cash recyclers, touch screen ATMs, mobile ATMs, and self-service machines in the market will ensure more transactions in an ATM as these machines provide a bunch of services apart from cash withdrawal including funds transfer, updating passbook, statement inquiry, bill payment, and others. Increase in the number of transactions will have a positive impact on the revenues of managed service providers.
Innovative Strategies adopted by managed service providers: Players operating in the ATM managed Service Market has consistently adopted innovative strategies in order to gain a competitive advantage. The managed service providers are focusing on increasing the number of ATMs managed in the country by offering quick response time, technological advancements in their offerings and more flexibility in terms of pricing. Indonesia, being one of the biggest nations in terms of population & ATM install base in South East Asia, various global players are finding it attractive to enter the country. Diebold, NCR, Hyosung, GRG & OKI are the few global ATM managed service providers extending ATM managed services in the country.
Promotion of Financial Inclusion by Bank Indonesia: Indonesia observed maximum growth in a number of bank accounts (citizens aged 15+) from 19.6% in 2011 to 48.9% in 2017. Having a bank account gives access to banking & financial services such as ATMs, credit cards, debit card services, bill payment, and remittances. It is expected that robust initiatives taken towards financial inclusion in Indonesia will have a positive impact on a number of transactions in the country.
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
Facility Management Companies
Time Period Captured in the Report:-
Historical Period – 2013-2018
Forecast Period – 2019-2023
Companies Covered:-
Diebold Nixdorf
PT Swadharma Sarana Informatika
PT Bringin Gigantara
G4S Indonesia
NCR Corporation
Nawakara Security Solutions
Transnational Solutions
PT Advantage
Abacus Cash Solutions
PT Tunas Artha Gardatama
Kejar
Citra Inti Garda Sentosa (CIGS)
PT Sectoor Indonesia
Trans Dana Perdana, PT
Universal Security
Wiratanu Persada Tama
PT Usaha Gedung Mandiri
Keywords:-
Brown Label ATMs in Indonesia
Cash Management Market Indonesia
Electronic Journal Management Market Indonesia
Investment Indonesia ATM Services
Number of ATM Transactions Indonesia
Indonesia Penetration ATMs in Rural Areas
White Label ATMs in Indonesia
Indonesia ATM Repair Market
Indonesia Cash Management Companies
Indonesia ATM Market Revenue
Indonesia Cash Management Service Market
ATM Vendors in Indonesia
ATM sellers in Indonesia
Cash management companies in Indonesia
Cash Withdrawals in Indonesia
Indonesia Banking Industry
Unbanked Population in Indonesia
Underbanked Population in Indonesia
Number of ATMs in Indonesia
To Know More, Click On The Link Below:-
Indonesia ATM Managed Service Market Outlook to 2023
Related Reports:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
