The North America Cardless ATM Market would witness market growth of 9.1% CAGR during the forecast period (2023-2029).
The implementation of Industry 4.0 technologies can facilitate real-time monitoring of cardless ATM performance, allowing manufacturers to detect and address potential issues proactively through predictive maintenance. Utilizing advanced technologies can optimize cardless ATM production processes, reducing production time and costs, improving quality, and enhancing customer service for financial institutions. This can ultimately aid in maintaining competitiveness within the rapidly evolving industry. The adoption of Industry 4.0 technologies into the cardless ATM market is expected to create new growth opportunities for key players in the market.
Vendor financing can serve as a valuable supplement to support the sale of digital technology and machines. This can encompass a range of financial solutions, including maintenance, hardware, servicing, and software. In addition, offering cost-effective payment options can incentivize OEM customers to consider a tailored technical specification and all-encompassing solution to address their changing requirements. Moreover, several prominent stakeholders are progressively implementing diverse tactics to provide inventive solutions in the cardless ATM market.
A significant number of individuals are utilizing their mobile devices or browsers to access their bank accounts. The projected rise in smartphone usage will lead to a surge in digital banking users, thereby creating a greater need for banks to seek out a platform solution for their digital banking services. Furthermore, due to the technological advancements of nations like the United States, the digitalization of banking services has become increasingly effortless. Hence, these factors are expected to drive the cardless ATM market expansion in the North America region.
The US market dominated the North America Cardless ATM Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $1,004.1 Million by 2029. The Canada market is poised to grow at a CAGR of 11.2% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 10.9% during (2023 - 2029).
Based on Type, the market is segmented into Offsite, Onsite, and Others. Based on End User, the market is segmented into Bank & Financial Institutions and Independent ATM Deployer. Based on Technology, the market is segmented into Near-field Communication (NFC), Biometric Verification, and Quick Response (QR) Codes. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Cardless ATM Market is Projected to reach USD 3.9 Billion by 2029, at a CAGR of 9.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fujitsu Limited, HSBC Holdings plc, Barclays PLC, ICICI Bank Ltd. (The ICICI group), Citigroup Inc., JPMorgan Chase & Co., Wells Fargo & Company, BANCO SANTANDER, S.A., NCR Corporation and GRGBanking Equipment Co., Ltd.
By Type
By End User
By Technology
By Country
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