Cardless ATM Market is to reach USD 5.16 Bn by 2029, emerging at a CAGR of 10.5 percent and forecast (2023-2029)

(IT-NEWSWIRE.COM, June 02, 2023 ) The total global market for the “Cardless ATM Market” was valued at USD 2.32 Bn in 2022 and is expected to grow at a CAGR of 10.5 percent over the forecast period to reach USD 5.16 Bn by 2029.

Cardless ATM Market Report Scope and Research Methodology

The report presents a strategic analysis of the Cardless ATM Market, which includes market growth drivers, opportunities, and restating factors. The bottom-up approach was used to estimate the market size. The data is gathered from primary and secondary research methodologies. SWOT analysis was used to determine the strength, weaknesses, opportunities, and threats of the Cardless ATM industry.

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Cardless ATM Market Dynamics

Cardless ATMs provide security and convenience advantages as compared to traditional ATM transaction methods. The integration of Industry 4.0 technologies is expected to drive the Cardless ATM Market growth.

Cardless ATM Market Regional Insights

In North America, the Cardless ATM Market growth is influenced by the increasing adoption of cardless ATMs in various applications such as banking and the adoption of mobile banking in financial institutions as well as the consumer.

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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 include:

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

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Maximize Market Research is leading Information Technology & Telecommunication research firm, has also published the following reports:

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Cardless ATM Market is to reach USD 5.16 Bn by 2029, emerging at a CAGR of 10.5 percent and forecast (2023-2029)