Pune, 28, April, 2023: As per the report, the total Cardless ATM Market is USD 2.32 Bn in 2022 and is expected to reach USD 5.16 Bn by 2029 with a CAGR of 10.5 percent. The report published by Maximize Market Research, on the Global Cardless ATM Market, covers an extensive regional analysis, market dynamics and competitive landscape.
Cardless ATM Market Report Scope and Research Methodology
The report covers the present and future trends that are expected to influence the growth rate and growth opportunities of the global Cardless ATM Market. It includes supply and demand ratio, supply chain analysis, growing revenue market share, market size and business overview. It also includes industry overview, product technology, product categorization, product applications, competitive landscape, industrial chain structure, national policy, development trends and planning analysis of the Cardless ATM industry and the most recent dynamic analysis, among other things. The Cardless ATM Market report provides a detailed analysis of growth drivers, opportunities, major restraints and upcoming challenges. To make the complex analysis simple, the market was studied by dividing it into two major segments: Type, Technology and End-User.
The market report majorly depends on both primary and secondary data, which were combined to make the Cardless ATM Market report authentic. The research process involves the investigation of several factors affecting the Cardless ATM industry, such as historical data, government policy, technological innovation, upcoming technologies and the technical progress in related industries and others. Extensive primary research was conducted to gather the data and verify the crucial numbers arrived at after comprehensive market engineering and calculations for Cardless ATM Market size estimations, market statistics, market breakdown, market forecasts and data triangulation. The bottom-up approach was used in the whole market engineering process with multiple data triangulation methodologies to perform the Cardless ATM Market estimation and forecasting for the overall market segments and sub-segments. SWOT analysis was used to provide the strengths and weaknesses of the Cardless ATM key players in the industry.
Cardless ATM Market Dynamics
The market is majorly driven by the increasing level of technical advancement in IoT technologies such as the incorporation of data analytics tools and the integration of industry 4.0 technologies. The key factor driving the market growth is the increasing penetration of smartphones. The rising concerns regarding data security and increasing data breaches are the factors hampering the market growth. The factor that is challenging the growth of the market is the regulations on contactless payment transactions.
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Cardless ATM Market Regional Insights
During the forecast period, North America region is expected to be the major contributor in terms of revenue in the Cardless ATM Market. The regional market is growing mainly because of the developed IT infrastructure in the region, which makes it easier to implement IoT-based devices in the BFSI sector such as smart ATMs. The rising concerns over ATM security and the increasing adoption of mobile banking are also factors contributing to the market growth.
Cardless ATM Market Segmentation
By Type
- On-site ATM
- Off-site ATM
- Others
By Technology
- Near-field Communication (NFC)
- Quick Response (QR) Codes
- Biometric Verification
By End User
- Bank and Financial Institutions
- Independent ATM Deployer
Cardless ATM Key Players
- Banco Santander SA
- Barclays Bank Plc
- Citigroup Inc.
- Commonwealth Bank of Australia
- Diebold Nixdorf Inc.
- Fifth Third Bancorp
- Fujitsu Ltd.
- GRG Banking
- HDFC Bank Ltd.
- HSBC Holdings Plc
- Hyosung Corp.
- ICICI Bank Ltd.
- JPMorgan Chase and Co.
- Kotak Mahindra Bank Ltd.
- NCR Corp.
- State Bank of India
- Turk Ekonomi Bank AS
- Wells Fargo and Co.
Table of Content for Cardless ATM Market
- Global Cardless ATM Market: Research Methodology
- Global Cardless ATM Market: Executive Summary
- Market Overview and Definitions
- Introduction to Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Cardless ATM Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Cardless ATM Market Segmentation
- Global Market, by Type (2022-2029)
- Global Market, by Technology (2022-2029)
- Global Market, by End-User (2022-2029)
- Regional Cardless ATM Market (2022-2029)
- Regional Market, by Type (2022-2029)
- Regional Market, by Technology (2022-2029)
- Regional Market, by End-User (2022-2029)
- Regional Market, by Country (2022-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
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Key questions answered in the Cardless ATM Market are:
- What is Cardless ATM?
- What is the expected Cardless ATM Market size by the end of the forecast period?
- What are the factors influencing the Cardless ATM Market growth?
- What are the upcoming industry applications and trends for the Cardless ATM Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Cardless ATM Market?
- How is the intervention from regulatory authority shaping the Cardless ATM Market?
- What growth strategies are the players considering to increase their presence in Cardless ATM Industry?
- Who are the leading companies and what are their portfolios in Cardless ATM Market?
- What are the major challenges that the Cardless ATM Market could face in the future?
- Which region held the largest Cardless ATM Market share?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Type, Technology, End-User and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Information Technology & Telecommunication research firm, has also published the following reports:
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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