Cardless Atm Market Scope And Analysis

Report Code : TIPRE00039075
Category : Banking, Financial Services, and Insurance

No. of Pages : 150

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Cardless ATM Market Scope, Analysis, and Trends by 2031

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Cardless ATM Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 2.38 Billion
Market Size by 2031	US$ 5.28 Billion
Global CAGR (2023 - 2031)	10.5%
Historical Data	2021-2023
Forecast period	2023-2031
Segments Covered	By Application Banking and Retail
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Citigroup Inc JPMorgan Chase Co Wells Fargo NCR Corporation Fujitsu Barclays Bank PLC HSBC Bank A S GRG Banking Bank of America

The "Cardless ATM Market Analysis" was carried out based on type, technology, application, and geography. In terms of type, the market is segmented into on-site ATMs, off-site ATMs, and others. Based on technology, the cardless ATM market is segmented into near-field communication (NFC), quick response (QR) codes, and biometric verification. Based on application, the cardless ATM market is segmented into banking and retail. Based on geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

Cardless ATM

Market News and Recent Developments

Companies adopt inorganic and organic strategies such as mergers and acquisitions in the Cardless ATM market. A few recent key market developments are listed below:

In June 2016, Bank of America revealed Thursday that it has unveiled 19 ATMs in San Antonio that allow users to withdraw cash using their smartphones. Customers can make transfers and check balances at cardless ATMs by utilizing a digital debit card stored on their smartphone.

[Source: Bank of America, Company Website]

In September 2020, HSBC created in-house AI-powered technology to optimize cash-filling operations at its ATMs, which are now outsourced to third-party contractors. The technique was successfully tested on the bank's 1,200 ATM network in Hong Kong. The bank saved up to US$ 1 million because the number of ATM refills decreased by 15% after implementing the "iCash" AI technology.

[Source: HSBC Holdings Plc, Company Website]

Cardless ATM

Market Report Coverage & Deliverables

The market report "Cardless ATM Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering below areas-

Market size & forecast at global, regional, and country levels for all the key market segments covered under the scope.
Market dynamics such as drivers, restraints, and key opportunities.
Key future trends.
Detailed PEST & SWOT analysis
Global and regional market analysis covering key market trends, key players, regulations, and recent market developments.
Industry landscape and competition analysis covering market concentration, heat map analysis, key players, and recent developments.
Detailed company profiles.