Cardless ATM Market Set to Reach $5.2 Billion by 2031: Growth and Trends Analysis

NEW CASTLE, WILMINGTON, UNITED STATES, April 15, 2024 /EINPresswire.com/ -- According to the report published by Allied Market Research, the global cardless atm market garnered $2.0 billion in 2021 and is estimated to generate $5.2 billion by 2031, manifesting a CAGR of 10.6% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chains, competitive scenarios, and regional landscape. This research offers valuable guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining a competitive edge in the market.

►𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 & 𝐓𝐎𝐂 : https://www.alliedmarketresearch.com/request-sample/A12958

Covid-19 Scenario:

The outbreak of the COVID-19 pandemic hurt the growth of the global cardless atm market, owing to the implementation of a global lockdown which resulted in the temporary closure of many bank ATMs.
The governments of every country in the world stopped new ATM installations, thereby hindering market growth.
As individuals opted for UPI and other cellular transactions during the pandemic, the number of ATM transactions decreased considerable. This factor hampered the market growth.

The research provides a detailed segmentation of the global cardless atm market based on Type, Technology, End User, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.

Based on type, the off-site ATM segment held the highest share in 2021, accounting for around half of the global cardless atm market, and is expected to continue its leadership status during the forecast period. However, the other segment is expected to register the highest CAGR of 13.2% from 2022 to 2031.

►𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐖𝐞 𝐨𝐟𝐟𝐞𝐫 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐬 𝐩𝐞𝐫 𝐲𝐨𝐮𝐫 𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭 : https://www.alliedmarketresearch.com/request-for-customization/A12958

Based on technology, the near-field communication (NFC) segment accounted for the highest share in 2021, contributing to nearly three-fifths of the global cardless atm market, and is expected to maintain its lead in terms of revenue during the forecast period. However, the Quick Response (QR) Codes segment is expected to manifest the highest CAGR of 13.1% from 2022 to 2031.

Based on end user, the bank and financial institutions segment accounted for the highest share in 2021, holding nearly three-fourths of the global cardless atm market, and is expected to continue its leadership status during the forecast period. However, the independent ATM deployer segment is estimated to grow at the highest CAGR of 13.3% during the forecast period.

Based on region, North America held the largest share in 2021, contributing to nearly two-fifths of the global cardless atm market share. In addition, the Asia-Pacific region is expected to manifest the fastest CAGR of 14.3% during the forecast period and is projected to maintain its dominant share in terms of revenue in 2031.

Leading market players of the global cardless atm market analyzed in the research include Citigroup Inc., JPMorgan Chase & Co., Fujitsu, Santander Group, GRG Banking, NCR Corporation, HSBC Bank A.S., Wells Fargo, Barclays Bank PLC, ICICI Bank Ltd.

The report provides a detailed analysis of these key players of the global cardless atm market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

►𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/A12958

Key benefits for stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cardless ATM market forecast from 2021 to 2031 to identify the prevailing market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities of cardless ATM market overview.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the cardless ATM market segmentation assists to determine the prevailing cardless ATM market opportunity.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global cardless ATM market trends, key players, market segments, application areas, and market growth strategies.

Cardless ATM Market Key Segments:

Type

On-site ATM
Off-site ATM
Others

Technology
Near-field Communication (NFC)
Quick Response (QR) Codes
Biometric Verification

End User
Bank and Financial Institutions
Independent ATM Deployer

►𝐁𝐮𝐲 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭𝐞𝐝 𝐏𝐫𝐢𝐜𝐞 @ https://www.alliedmarketresearch.com/checkout-final/05b88ab6bc13ef510fdbdb8a5c793bd2?utm_source=AMR&utm_medium=research&utm_campaign=P19623

By Region
North America  (U.S., Canada)
Europe  (UK, Germany, France, Italy, Spain, Rest of Europe)
Asia-Pacific  (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
LAMEA  (Latin America, Middle East, Africa)

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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