The Asia Pacific Cardless ATM Market would witness market growth of 10.6% CAGR during the forecast period (2023-2029).
Cardless ATMs provide numerous advantages for individuals who are enthusiastic about the convergence of ATMs and mobile app technology. Cardless ATMs have emerged as a recent fintech innovation, enabling users to withdraw cash without needing a physical debit card, which is why individuals are widely accepting this technology. Cardless automated teller machines (ATMs) operate through various methods, and QR codes and NFC are the two primary types of cardless technologies utilized in the business world.
In the current business climate, where there is ongoing concern regarding COVID-19 and other microorganisms, the ability to avoid physically inserting a card into an ATM is a valuable advantage. Also, minimizing contact with frequently touched surfaces can be a beneficial approach to reducing the spread of harmful microbes.
The 24/7 availability of transactional services offered by banks at multiple locations has led to an increased demand for ATM machines. Technological advancements in the banking and financial sector have led to the evolution of ATMs from basic cash dispensing machines to sophisticated communication channels that offer personalized and enhanced services. In addition, the implementation of integrated and value-added services has contributed to the establishment of customer loyalty.
Increased spending on infrastructure, efficient project execution, and ongoing regulatory changes are all expected to contribute positively to the expansion of the banking business. In addition, because rapidly expanding businesses are increasingly looking to banks for credit, India's banking sector is in a strong position to participate in the country's economic growth. The banking sector is placing a greater emphasis on providing improved services to its clients and modernizing its technological infrastructure to enhance the whole banking experience for customers and give banks a competitive advantage. As a result, due to the expansion of the banking industry, it is anticipated that the market in the APAC region will experience growth.
The China market dominated the Asia Pacific Cardless ATM Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $314.8 Million by 2029. The Japan market is estimated to grow a CAGR of 9.9% during (2023 - 2029). Additionally, The India market would display a CAGR of 11.2% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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.
Scope of the Study
Market Segments Covered in the Report:
By Type
By End User
- Bank & Financial Institutions
- Independent ATM Deployer
By Technology
- Near-field Communication (NFC)
- Biometric Verification
- Quick Response (QR) Codes
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- 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
- GRGBanking Equipment Co., Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Cardless ATM Market, by Type
1.4.2 Asia Pacific Cardless ATM Market, by End User
1.4.3 Asia Pacific Cardless ATM Market, by Technology
1.4.4 Asia Pacific Cardless ATM Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Cardless ATM Market by Type
3.1 Asia Pacific Offsite Market by Country
3.2 Asia Pacific Onsite Market by Country
3.3 Asia Pacific Others Market by Country
Chapter 4. Asia Pacific Cardless ATM Market by End User
4.1 Asia Pacific Bank & Financial Institutions Market by Country
4.2 Asia Pacific Independent ATM Deployer Market by Country
Chapter 5. Asia Pacific Cardless ATM Market by Technology
5.1 Asia Pacific Near-field Communication (NFC) Market by Country
5.2 Asia Pacific Biometric Verification Market by Country
5.3 Asia Pacific Quick Response (QR) Codes Market by Country
Chapter 6. Asia Pacific Cardless ATM Market by Country
6.1 China Cardless ATM Market
6.1.1 China Cardless ATM Market by Type
6.1.2 China Cardless ATM Market by End User
6.1.3 China Cardless ATM Market by Technology
6.2 Japan Cardless ATM Market
6.2.1 Japan Cardless ATM Market by Type
6.2.2 Japan Cardless ATM Market by End User
6.2.3 Japan Cardless ATM Market by Technology
6.3 India Cardless ATM Market
6.3.1 India Cardless ATM Market by Type
6.3.2 India Cardless ATM Market by End User
6.3.3 India Cardless ATM Market by Technology
6.4 South Korea Cardless ATM Market
6.4.1 South Korea Cardless ATM Market by Type
6.4.2 South Korea Cardless ATM Market by End User
6.4.3 South Korea Cardless ATM Market by Technology
6.5 Singapore Cardless ATM Market
6.5.1 Singapore Cardless ATM Market by Type
6.5.2 Singapore Cardless ATM Market by End User
6.5.3 Singapore Cardless ATM Market by Technology
6.6 Malaysia Cardless ATM Market
6.6.1 Malaysia Cardless ATM Market by Type
6.6.2 Malaysia Cardless ATM Market by End User
6.6.3 Malaysia Cardless ATM Market by Technology
6.7 Rest of Asia Pacific Cardless ATM Market
6.7.1 Rest of Asia Pacific Cardless ATM Market by Type
6.7.2 Rest of Asia Pacific Cardless ATM Market by End User
6.7.3 Rest of Asia Pacific Cardless ATM Market by Technology
Chapter 7. Company Profiles
7.1 Fujitsu Limited
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.1.6 SWOT Analysis
7.2 HSBC Holdings plc
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.3 Barclays PLC
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.4 ICICI Bank Ltd. (The ICICI group)
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Recent strategies and developments:
7.4.4.1 Product Launches and Product Expansions:
7.5 Citigroup Inc.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental Analysis
7.6 JPMorgan Chase & Co.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.7 Wells Fargo & Company
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental Analysis
7.8 BANCO SANTANDER, S.A.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental Analysis
7.9 NCR Corporation
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expenses
7.9.5 Recent strategies and developments:
7.9.5.1 Partnerships, Collaborations, and Agreements:
7.9.5.2 Product Launches and Product Expansions:
7.10. GRGBanking Equipment Co., Ltd.
7.10.1 Company Overview
TABLE 1 Asia Pacific Cardless ATM Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Cardless ATM Market, 2023 - 2029, USD Million
TABLE 3 Asia Pacific Cardless ATM Market by Type, 2019 - 2022, USD Million
TABLE 4 Asia Pacific Cardless ATM Market by Type, 2023 - 2029, USD Million
TABLE 5 Asia Pacific Offsite Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Offsite Market by Country, 2023 - 2029, USD Million
TABLE 7 Asia Pacific Onsite Market by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Onsite Market by Country, 2023 - 2029, USD Million
TABLE 9 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Others Market by Country, 2023 - 2029, USD Million
TABLE 11 Asia Pacific Cardless ATM Market by End User, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Cardless ATM Market by End User, 2023 - 2029, USD Million
TABLE 13 Asia Pacific Bank & Financial Institutions Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Bank & Financial Institutions Market by Country, 2023 - 2029, USD Million
TABLE 15 Asia Pacific Independent ATM Deployer Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Independent ATM Deployer Market by Country, 2023 - 2029, USD Million
TABLE 17 Asia Pacific Cardless ATM Market by Technology, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Cardless ATM Market by Technology, 2023 - 2029, USD Million
TABLE 19 Asia Pacific Near-field Communication (NFC) Market by Country, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Near-field Communication (NFC) Market by Country, 2023 - 2029, USD Million
TABLE 21 Asia Pacific Biometric Verification Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Biometric Verification Market by Country, 2023 - 2029, USD Million
TABLE 23 Asia Pacific Quick Response (QR) Codes Market by Country, 2019 - 2022, USD Million
TABLE 24 Asia Pacific Quick Response (QR) Codes Market by Country, 2023 - 2029, USD Million
TABLE 25 Asia Pacific Cardless ATM Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Cardless ATM Market by Country, 2023 - 2029, USD Million
TABLE 27 China Cardless ATM Market, 2019 - 2022, USD Million
TABLE 28 China Cardless ATM Market, 2023 - 2029, USD Million
TABLE 29 China Cardless ATM Market by Type, 2019 - 2022, USD Million
TABLE 30 China Cardless ATM Market by Type, 2023 - 2029, USD Million
TABLE 31 China Cardless ATM Market by End User, 2019 - 2022, USD Million
TABLE 32 China Cardless ATM Market by End User, 2023 - 2029, USD Million
TABLE 33 China Cardless ATM Market by Technology, 2019 - 2022, USD Million
TABLE 34 China Cardless ATM Market by Technology, 2023 - 2029, USD Million
TABLE 35 Japan Cardless ATM Market, 2019 - 2022, USD Million
TABLE 36 Japan Cardless ATM Market, 2023 - 2029, USD Million
TABLE 37 Japan Cardless ATM Market by Type, 2019 - 2022, USD Million
TABLE 38 Japan Cardless ATM Market by Type, 2023 - 2029, USD Million
TABLE 39 Japan Cardless ATM Market by End User, 2019 - 2022, USD Million
TABLE 40 Japan Cardless ATM Market by End User, 2023 - 2029, USD Million
TABLE 41 Japan Cardless ATM Market by Technology, 2019 - 2022, USD Million
TABLE 42 Japan Cardless ATM Market by Technology, 2023 - 2029, USD Million
TABLE 43 India Cardless ATM Market, 2019 - 2022, USD Million
TABLE 44 India Cardless ATM Market, 2023 - 2029, USD Million
TABLE 45 India Cardless ATM Market by Type, 2019 - 2022, USD Million
TABLE 46 India Cardless ATM Market by Type, 2023 - 2029, USD Million
TABLE 47 India Cardless ATM Market by End User, 2019 - 2022, USD Million
TABLE 48 India Cardless ATM Market by End User, 2023 - 2029, USD Million
TABLE 49 India Cardless ATM Market by Technology, 2019 - 2022, USD Million
TABLE 50 India Cardless ATM Market by Technology, 2023 - 2029, USD Million
TABLE 51 South Korea Cardless ATM Market, 2019 - 2022, USD Million
TABLE 52 South Korea Cardless ATM Market, 2023 - 2029, USD Million
TABLE 53 South Korea Cardless ATM Market by Type, 2019 - 2022, USD Million
TABLE 54 South Korea Cardless ATM Market by Type, 2023 - 2029, USD Million
TABLE 55 South Korea Cardless ATM Market by End User, 2019 - 2022, USD Million
TABLE 56 South Korea Cardless ATM Market by End User, 2023 - 2029, USD Million
TABLE 57 South Korea Cardless ATM Market by Technology, 2019 - 2022, USD Million
TABLE 58 South Korea Cardless ATM Market by Technology, 2023 - 2029, USD Million
TABLE 59 Singapore Cardless ATM Market, 2019 - 2022, USD Million
TABLE 60 Singapore Cardless ATM Market, 2023 - 2029, USD Million
TABLE 61 Singapore Cardless ATM Market by Type, 2019 - 2022, USD Million
TABLE 62 Singapore Cardless ATM Market by Type, 2023 - 2029, USD Million
TABLE 63 Singapore Cardless ATM Market by End User, 2019 - 2022, USD Million
TABLE 64 Singapore Cardless ATM Market by End User, 2023 - 2029, USD Million
TABLE 65 Singapore Cardless ATM Market by Technology, 2019 - 2022, USD Million
TABLE 66 Singapore Cardless ATM Market by Technology, 2023 - 2029, USD Million
TABLE 67 Malaysia Cardless ATM Market, 2019 - 2022, USD Million
TABLE 68 Malaysia Cardless ATM Market, 2023 - 2029, USD Million
TABLE 69 Malaysia Cardless ATM Market by Type, 2019 - 2022, USD Million
TABLE 70 Malaysia Cardless ATM Market by Type, 2023 - 2029, USD Million
TABLE 71 Malaysia Cardless ATM Market by End User, 2019 - 2022, USD Million
TABLE 72 Malaysia Cardless ATM Market by End User, 2023 - 2029, USD Million
TABLE 73 Malaysia Cardless ATM Market by Technology, 2019 - 2022, USD Million
TABLE 74 Malaysia Cardless ATM Market by Technology, 2023 - 2029, USD Million
TABLE 75 Rest of Asia Pacific Cardless ATM Market, 2019 - 2022, USD Million
TABLE 76 Rest of Asia Pacific Cardless ATM Market, 2023 - 2029, USD Million
TABLE 77 Rest of Asia Pacific Cardless ATM Market by Type, 2019 - 2022, USD Million
TABLE 78 Rest of Asia Pacific Cardless ATM Market by Type, 2023 - 2029, USD Million
TABLE 79 Rest of Asia Pacific Cardless ATM Market by End User, 2019 - 2022, USD Million
TABLE 80 Rest of Asia Pacific Cardless ATM Market by End User, 2023 - 2029, USD Million
TABLE 81 Rest of Asia Pacific Cardless ATM Market by Technology, 2019 - 2022, USD Million
TABLE 82 Rest of Asia Pacific Cardless ATM Market by Technology, 2023 - 2029, USD Million
TABLE 83 Key Information – Fujitsu Limited
TABLE 84 Key Information – HSBC Holdings plc
TABLE 85 Key Information – Barclays PLC
TABLE 86 Key Information – ICICI Bank Ltd.
TABLE 87 Key Information – Citigroup Inc.
TABLE 88 key information – JPMorgan Chase & Co.
TABLE 89 Key Information – Wells Fargo & Company
TABLE 90 Key Information – BANCO SANTANDER, S.A.
TABLE 91 Key Information – NCR Corporation
TABLE 92 Key Information – GRGBanking Equipment Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: Fujitsu Limited