Press release
Transforming the Smart Finance Hardware Market in 2025: Contactless Payments Fueling Smart Finance Hardware Market Expansion
Smart Finance Hardware Market Size
The smart finance hardware market has grown strongly in recent years. It will increase from $17.77 billion in 2024 to $18.81 billion in 2025, at a CAGR of 5.9%. The growth is attributed to security concerns, growing consumer demand, regulatory compliance, global economic trends, and the rise of fintech.
The smart finance hardware market is set for strong growth, reaching $23.6 billion by 2029 at a CAGR of 5.8%. The expansion is driven by the emphasis on cybersecurity, urbanization, financial inclusion initiatives, changing consumer behavior, and evolving regulatory requirements. Key trends include ongoing technological innovation, an expanding digital finance ecosystem, blockchain and cryptocurrency integration, and increased digitalization.
What Factors Are Fueling Growth in the Smart Finance Hardware Market?
The increasing use of contactless payments is expected to drive the expansion of the smart finance hardware market in the coming years. Contactless payments involve completing transactions without the need to physically swipe or insert a card into a terminal. Smart finance hardware serves as the foundation for contactless payment systems, enabling secure, efficient, and convenient transactions for consumers and businesses alike. This category includes devices such as contactless cards, wearables like smartwatches and fitness trackers, and phone cases embedded with NFC (near-field communication) technology that facilitate contactless payments. For example, in July 2024, data from UK Finance Limited, a UK-based trade association, revealed that the UK recorded 18.3 billion contactless payments in 2023, reflecting a 7% increase from 17.0 billion in 2022. Additionally, contactless transactions constituted 38% of all payments made in the UK. Consequently, the rising adoption of contactless payments is fueling the growth of the smart finance hardware market.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14497&type=smp
Which Leading Companies Are Shaping the Growth of the Smart Finance Hardware Market?
Major companies operating in the smart finance hardware market are Fujitsu Limited, KT Corporation, Thales Group, Block Inc., Infineon Technologies AG, NCR Corporation, Zebra Technologies Corporation, Diebold Nixdorf Incorporated, WEX Inc., Ingenico Group, SumUp Inc., PAX Global Technology Ltd., Newland Digital Technology Co. Ltd., Bluebird Inc., Clover Network Inc., Verifone Systems Inc., Posiflex Technology Inc., PayU, Castles Technology Co. Ltd., Ayden Systems Inc., BIXOLON, Uniform Industrial Corporation, BBPOS Limited, Dejavoo Systems, Miles Technologies
What Are the Major Trends Shaping the Smart Finance Hardware Market?
Companies in the smart finance hardware market are focusing on innovative solutions such as smart financial cameras to cater to the rising demand for smart financial hardware. These cameras use advanced imaging and AI algorithms to facilitate financial transactions. Unlike traditional smart cameras, they are designed specifically for financial applications rather than security monitoring. For example, in December 2023, Tinkoff Bank, a Russia-based digital financial ecosystem provider, introduced a smart financial camera capable of recognizing objects and financial details. This allows users to process payments, transfers, and charitable donations via the Tinkoff mobile app. The camera employs computer vision and natural language processing to recognize bank details, phone numbers, QR codes, restaurant bills, and store receipts for cashback, with plans to include bank card scanning capabilities in the future.
What Are the Key Segments of the Smart Finance Hardware Market?
The smart finance hardware market covered in this report is segmented -
1) By Product: Modules, Sensors, Other Products
2) By Technologies: Artificial Intelligence, Machine Learning, Robotic Process Automation
3) By End User: Bank And Financial Institutions, Independent ATM Deployer
Subsegments:
1) By Modules: Payment Modules, Authentication Modules, Security Modules
2) By Sensors: Biometric Sensors, Motion Sensors, Pressure Sensors
3) By Other Products: Smart Terminals, Point of Sale (POS) Devices, Smart ATMs, Card Readers
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/smart-finance-hardware-global-market-report
Which Region Dominates the Smart Finance Hardware Market?
North America was the largest region in the smart finance hardware market in 2024. The regions covered in the smart finance hardware market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Smart Finance Hardware Global Market Report?
- Market Size Analysis: Analyze the Smart Finance Hardware Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Smart Finance Hardware Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Smart Finance Hardware Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Smart Finance Hardware Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14497
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Transforming the Smart Finance Hardware Market in 2025: Contactless Payments Fueling Smart Finance Hardware Market Expansion here
News-ID: 3856094 • Views: …
More Releases from The Business Research Company
Global Double-Sided Masking Tapes Market Expansion at 7.8% CAGR, Valued at $18.4 …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
What Are the Double-Sided Masking Tapes Market Size Forecast for 2025?
The market size of double-sided masking tapes has been experiencing consistent growth in recent years. The market will increase from a figure of $13.01 billion in 2024 to about $13.64 billion in 2025, demonstrating a compound annual growth rate…
Construction Adhesives Market on Path to Hit $18.32 Billion by 2029 at 9% CAGR
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Construction Adhesives Market Outlook: What Size And CAGR Are Anticipated By 2025?
There has been a robust growth in the size of the construction adhesives market in the recent past. The market that was at $12.06 billion in 2024 is projected to rise to $12.95 billion in 2025, with a…
Future of Chromatography Resins Market: Size, Share & Forecasts to 2029
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What Is the Projected Market Size Valuation of the Chromatography Resins Market by 2025?
In recent years, the market size of chromatography resins has experienced significant growth. Starting from a value of $2.95 billion in 2024, it is predicted to increase to $3.15 billion in 2025 with a compound annual growth…
Blow-Molded Plastics Industry Set to Achieve $128.73 Billion Milestone by 2029 | …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Long-Term Growth Forecast for the Blow-Molded Plastics Market Size 2025?
The market size of blow-molded plastics has seen constant enlargement in the previous few years. It is expected to rise from $97.17 billion in 2024 to $99.31 billion in 2025, at a compound annual growth rate (CAGR) of…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
