Global Cardless ATM Market Report 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) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2022-2030
The global demand for Cardless ATM Market is presumed to reach the market size of nearly USD 8.06 BN by 2030 from USD 3.45 BN in 2022 with a CAGR of 11.2% under the study period 2023 - 2030.
A Cardless ATM is an automated teller machine (ATM) that allows individuals to withdraw cash or perform other banking transactions without the need for a physical ATM card or debit card. Instead of using a card to access their accounts, users typically initiate transactions through a mobile banking app or a banking website.
The Cardless ATM market is on the rise, thanks to a combination of factors reshaping the banking and financial landscape. One of the primary drivers is enhanced security. These machines reduce the risk of card skimming and theft by allowing users to authenticate themselves within their mobile banking apps, bolstering the overall security of ATM transactions. Convenience is another key driver. Cardless ATMs offer users the flexibility to access their accounts and withdraw cash without the need for a physical ATM card, which is particularly useful in situations when cards are forgotten or for those who prefer to travel light. The proliferation of mobile banking apps and smartphones has significantly contributed to the market's growth as users become increasingly comfortable conducting financial transactions on their mobile devices. Biometric authentication methods are integrated into mobile banking apps, enhancing security and user experience and further promoting cardless transactions. Additionally, location-based services help users locate nearby Cardless ATMs, reinforcing the convenience factor. Cardless ATMs also mitigate ATM skimming incidents and cater to the banking preferences of younger demographics. The partnership between banks, ATM networks, and technology providers, along with regulatory support and cost savings, all contribute to the expansion of these services, aligning with the changing expectations and technological advancements in the banking sector.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of cardless atm. The growth and trends of cardless atm industry provide a holistic approach to this study.
This section of the cardless atm market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
Near-Field Communication (NFC)
Quick Response (QR) Codes
By End User
Bank And Financial Institutions
Independent ATM Deployer
This section covers the regional outlook, which accentuates current and future demand for the Cardless ATM market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Cardless ATM Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Cardless ATM market include Santander Group, ICICI Bank Ltd., Wells Fargo, JPMorgan Chase & Co., Barclays Bank PLC, HSBC Bank A.S., Fujitsu, NCR Corporation, GRG Banking, Citigroup Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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1 . PREFACE
1.1. Report Description
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . CARDLESS ATM – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Type
3.7.2 Market Attractiveness Analysis By Technology
3.7.3 Market Attractiveness Analysis By End User
3.7.4 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL CARDLESS ATM MARKET ANALYSIS BY TYPE
5.1 Overview by Type
5.2 Historical and Forecast Data
5.3 Analysis by Type
5.4 On-site ATM Historic and Forecast Sales by Regions
5.5 Off-site ATM Historic and Forecast Sales by Regions
5.6 Others Historic and Forecast Sales by Regions
6 . GLOBAL CARDLESS ATM MARKET ANALYSIS BY TECHNOLOGY
6.1 Overview by Technology
6.2 Historical and Forecast Data
6.3 Analysis by Technology
6.4 Near-field Communication (NFC) Historic and Forecast Sales by Regions
6.5 Quick Response (QR) Codes Historic and Forecast Sales by Regions
6.6 Biometric Verification Historic and Forecast Sales by Regions
7 . GLOBAL CARDLESS ATM MARKE ...
Frequently Asked Questions (FAQs) about this Report
The Global Cardless ATM Market size was valued at USD 3.45 BN in 2022.
The Worldwide Cardless ATM Market growth is estimated to grow by around 11.2% from 2023 to 2030.
North America occupies the highest market share in the Global Cardless ATM Market.
The Global Cardless ATM Market is segmented 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).
The leading players in the Global Cardless ATM Market are Santander Group, ICICI Bank Ltd., Wells Fargo, JPMorgan Chase & Co., Barclays Bank PLC, HSBC Bank A.S., Fujitsu, NCR Corporation, GRG Banking, Citigroup Inc.