Press release
Cardless ATM Market Projection: Climbing to US$ 6.02 Billion by 2032
A cardless ATM refers to a system that allows users to perform ATM transactions without the need for a physical debit card. Instead, users can initiate and authorize transactions through their smartphones' banking applications, providing a convenient and secure method of accessing cash. This technology enables users to set up withdrawals on their mobile banking application before physically accessing an equipped ATM, and in some cases, it may involve the use of near-field communication (NFC) technology, where users tap their phones against the ATMs' contactless sysmbol to complete the transaction.
The concept of cardless ATMs is part of the broader trend of digital transformation in the financial sector, aiming to provide enhanced convenience, security, and efficiency for ATM transactions.
[PDF Brochure] Request for Sample Report -
https://www.marketresearchfuture.com/sample_request/11588
This technology also aligns with the increasing adoption of mobile banking and digital payment solutions, offering users a seamless and contactless method of accessing cash while incorporating additional security measures such as biometrics, verification codes, and QR codes. The cardless ATM market is experiencing significant growth and innovation, driven by the increasing adoption of advanced technologies and the evolving needs of consumers and financial institutions.
Market Size and Projections:
The Cardless ATM market is projected to grow from USD 2.55 Billion in 2023 to USD 6.02 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 11.30% during the forecast period (2023 - 2032).
Key Companies in the Cardless ATM market 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.
Buy Now Premium Research Report -
https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=11588
Market Growth and Drivers:
The cardless ATM market is witnessing substantial growth, with projections indicating a significant increase in market size. Factors contributing to this growth include the increasing level of technical advancement in IoT technologies, the surge in integration of next-generation smart ATMs that can be remotely maintained, and the growing demand for highly efficient and time-saving surveillance systems at reasonable costs. However, it's important to note that the market expansion may face challenges due to concerns regarding data security and the rise in data breaches.
Access Complete Market Research Report -
https://www.marketresearchfuture.com/reports/cardless-atm-market-11588
Technology and Usage:
Cardless ATMs allow users to perform ATM transactions via their smartphones' banking apps, providing a convenient way to access cash without the need for a physical debit card. Users can set up withdrawals on their mobile banking application before withdrawing using any equipped ATM, and they can also use their banking app to find nearby ATMs, banks, and other organizations on the digital map.
The use of near-field communication (NFC) technology is one of the methods for accessing cash from cardless ATMs, where users tap their phones against the ATMs' contactless symbol, and their phones' digital wallets pull up to complete the transaction.
In conclusion, the cardless ATM market is experiencing significant growth and technological advancements, driven by the increasing demand for convenient and secure methods of accessing cash. The market is projected to witness substantial expansion, and the integration of advanced technologies such as IoT and smart ATMs is expected to contribute to its growth. However, concerns regarding data security and the rise in data breaches are factors that may impact the market's expansion.
More MRFR's News -
Us Generative Ai In Bfsi Market
https://www.marketresearchfuture.com/reports/us-generative-ai-in-bfsi-market-18744
US Personal Loans Market
https://www.marketresearchfuture.com/reports/us-personal-loans-market-19694
US Self Supervised Learning Market
https://www.marketresearchfuture.com/reports/us-self-supervised-learning-market-19718
Us Online Trading Platform Market
https://www.marketresearchfuture.com/reports/us-online-trading-platform-market-15517
Us Fintech Technologies Market
https://www.marketresearchfuture.com/reports/us-fintech-technologies-market-18740
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Also, we are launching "Wantstats" the premier statistics portal for market data in comprehensive charts and stats format, providing forecasts, regional and segment analysis. Stay informed and make data-driven decisions with Wantstats.
Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Cardless ATM Market Projection: Climbing to US$ 6.02 Billion by 2032 here
News-ID: 3446228 • Views: …
More Releases from Market Research Future (MRFR)
Tofu Market to Reach USD 2.7 Billion by 2032 at 9.01% CAGR Driven by Rising Plan …
The global tofu market is poised for substantial growth over the next decade, projected to reach an impressive valuation of USD 2.7 billion by 2032. This expansion reflects a compound annual growth rate (CAGR) of 9.01% from 2024 to 2032, fueled by a surge in consumer demand for plant-based foods and an evolving global food culture. As more consumers seek healthier and sustainable alternatives to animal-based protein sources, tofu has…
Plant-Based Food Ingredients Market to Hit USD 40.2 Billion by 2035 at 7.96% CAG …
The global plant-based food ingredients market is witnessing remarkable growth, propelled by an increasing shift in consumer preferences toward healthier and more sustainable food options. According to recent market research by Market Research Future, the market was valued at USD 16.03 billion in 2023 and is projected to reach an impressive USD 40.2 billion by 2035. This growth trajectory is expected to continue at a compound annual growth rate (CAGR)…
Semolina Market to Reach USD 2.57 Billion by 2032 at 2.31% CAGR, Driven by Healt …
The global semolina market is poised for steady growth over the coming decade, with its valuation expected to reach USD 2.57 billion by 2032. According to the latest Market Research Future analysis, the market was valued at USD 2.12 billion in 2023 and is projected to expand from USD 2.14 billion in 2024 to USD 2.57 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 2.31% during the…
Ginger Extract Market to Reach USD 2.18 Billion by 2034 at 5.4% CAGR Driven by D …
The global ginger extract market is poised for substantial growth in the coming decade, with a projected valuation of USD 2.18 billion by 2034. According to the latest analysis from Market Research Future, the market was valued at USD 1.29 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2025 to 2034. This robust growth trajectory is largely fueled by increasing…
More Releases for ATM
Prominent Automatic Teller Machine (ATM) Security Market Trend for 2025: Innovat …
"Which drivers are expected to have the greatest impact on the over the automatic teller machine (atm) security market's growth?
The surge in automated teller machine (ATM) fraud incidents is projected to fuel the expansion of the automated teller machine (ATM) security market in the future. An ATM is a specific type of computerized device that allows individuals to conduct a range of banking activities without requiring human assistance or a…
Global ATM Market by Types(On-site ATM,Off-site ATM,Work Site ATM,Mobile Site AT …
The global ATM market has the potential to grow with xx million USD with growing CAGR in the forecast period from 2021f to 2026f.
Global ATM Market Overview
This market research report consists of a number of sections that provide data on the current state of the market, industry trends, and future prospects. It also includes analysis of key players and their positions in the market. The increasing adoption…
Contactless ATM (Cardless ATM) Market: Industry Future Developments, Competitive …
The Contactless ATM (Cardless ATM) market research report is proficient and top to bottom research by specialists on the current state of the industry. This statistical surveying report gives the most up to date industry information and industry future patterns, enabling you to distinguish the items and end clients driving income development and benefit. It centres around the real drivers and restrictions for the key players and present challenge status…
Global Contactless ATM (Cardless ATM) Industry Professional Market Size Survey b …
This report also researches and evaluates the impact of Covid-19 outbreak on the Contactless ATM (Cardless ATM) industry, involving potential opportunity and challenges, drivers and risks. We present the impact assessment of Covid-19 effects on Contactless ATM (Cardless ATM) and market growth forecast based on different scenario (optimistic, pessimistic, very optimistic, most likely etc.).
Scope of the Report:
The report presents the market outlook for the Indian Phospho Gypsum product from the year 2019…
Global Contactless ATM (Cardless ATM) Market Expected to Witness a Sustainable G …
LP INFORMATION offers a latest published report on Contactless ATM (Cardless ATM) Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report.
This intelligence Contactless ATM (Cardless ATM) Market report by LP INFORMATION includes investigations based on the current scenarios, historical records, and future predictions. An accurate data of various aspects such as type, size, application, and end user have been scrutinized…
China Automatic Teller Machine (ATM) Market Segments CRS, VTM, ATM, STM and 11 A …
Since 1985 when the first ATM was deployed in China, ATM installation has been on the rise. By the end of 2018, the ownership of bank self-service equipment had reached 1,110,800 units in China, presenting a year-on-year upsurge of 15.6%, with 7.99 units per 10,000 people, up 15.03% over the previous year. As estimated, the ownership will exceed 2.1 million units in 2025.
Get Discount on China Automatic Teller Machine (ATM)…
