“The Middle East & Africa ATM Outsourcing Services Market, By Process (ATM Monitoring Outsourcing, ATM Operation Outsourcing, ATM Full Outsourcing, Other Outsourcing Services), By Application (In-Bank Mode, Off-Bank Mode), as well as by Country – Global Forecast 2021 to 2030.”, which offers a comprehensive view of the Middle East & Africa ATM Outsourcing Services Market through systematic segmentation that encompasses every aspect of this target market. The 5-year (2020–2025) cumulative revenue of this sector is projected to be over $594.7 Mn, and is estimated to increase substantially over the latter part of the forecast period.
ATM outsourcing is a business process delegation to a partner under the conditions defined in advance. ATM outsourcing includes the following: ATM renting, hardware & software maintenance, ATM monitoring & reporting, as well as ATM lifecycle management.
The increasing prominence of various financial institutions in these given regions owing to steady increases in urbanization & globalization levels is a major factor that is slated to have a significant impact on the revenue growth of the Middle East & Africa ATM Outsourcing Services Market over the next 10 years. Moreover, the steady increase in the disposable incomes of individuals living in this region is also a major factor that is anticipated to further contribute to the proliferation of this sector in the years to come. Furthermore, the steady adoption of credit and debit card usage by individuals here, as well as the introduction of technologically innovative ATM machines that prevent skimming, and are equipped with facial recognition software, etc., are also slated to have a profound influence on the projected market growth of the Middle East & Africa ATM outsourcing services industry, and is anticipated to further augment the overall market footprint of this global sector. These aforementioned factors are anticipated to play a critical role in catapulting projected revenues for the Middle East & Africa ATM Outsourcing Services Market to $619.3 Mn by 2030, at a CAGR of 3.8%.
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