Europe Cardless ATM Market Size, Share & Industry Trends Analysis Report By Type (Offsite, Onsite), By End User (Bank & Financial Institutions and Independent ATM Deployer), By Technology, By Country and Growth Forecast, 2023 - 2029
The Europe Cardless ATM Market would witness market growth of 9.6% CAGR during the forecast period (2023-2029).
NFC chips facilitate the connection between smartphones and other NFC-enabled equipment in cardless ATMs for data transfer in the peer-to-peer communication model. In QR code verification, a mobile device can scan QR codes displayed on the ATM screen. The aforementioned factors are anticipated to boost the expansion of the cardless ATM market throughout the projected timeframe.
The Cardless ATM is a modern cash dispensing machine that allows clients to withdraw money from their online bank accounts without using physical payment cards. The cardless ATM market has experienced substantial growth in recent years due to the rising popularity of NFC (Near Field Communication), biometric authentication, and QR codes, which have propelled the market forward. Several banks offer cardless cash withdrawal services through their ATMs.
The term banking system refers to the collection of financial institutions, including major commercial banks, regional banks, savings banks, and investment banks. Each of these organizations possesses its primary office in addition to several subsidiary locations across Germany. Numerous financial institutions, most based in European countries, Switzerland, and other countries, are owned and operated by foreign capital. To maintain their position as regional leaders, the financial institutions that make up Germany's banking industry offer various banking products and services. Because of the strong presence of banks in the region and the growing number of banks there, an increase in the predominance of ATM machines is likely to occur, which is expected to aid in boosting the market for cardless ATM in Europe.
The Germany market dominated the Europe Cardless ATM Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $269.7 Million by 2029. The UK market is anticipated to grow at a CAGR of 8.7% during (2023 - 2029). Additionally, The France market would exhibit a CAGR of 10.4% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
Offsite
Onsite
Others
By End User
Bank & Financial Institutions
Independent ATM Deployer
By Technology
Near-field Communication (NFC)
Biometric Verification
Quick Response (QR) Codes
By Country
Germany
UK
France
Russia
Spain
Italy
Rest of Europe
Companies Profiled
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.
Unique Offerings from KBV Research
Exhaustive coverage
Highest number of market tables and figures
Subscription based model available
Guaranteed best price
Assured post sales research support with 10% customization free
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Cardless ATM Market, by Type
- 1.4.2 Europe Cardless ATM Market, by End User
- 1.4.3 Europe Cardless ATM Market, by Technology
- 1.4.4 Europe 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. Europe Cardless ATM Market by Type
- 3.1 Europe Offsite Market by Country
- 3.2 Europe Onsite Market by Country
- 3.3 Europe Others Market by Country
- Chapter 4. Europe Cardless ATM Market by End User
- 4.1 Europe Bank & Financial Institutions Market by Country
- 4.2 Europe Independent ATM Deployer Market by Country
- Chapter 5. Europe Cardless ATM Market by Technology
- 5.1 Europe Near-field Communication (NFC) Market by Country
- 5.2 Europe Biometric Verification Market by Country
- 5.3 Europe Quick Response (QR) Codes Market by Country
- Chapter 6. Europe Cardless ATM Market by Country
- 6.1 Germany Cardless ATM Market
- 6.1.1 Germany Cardless ATM Market by Type
- 6.1.2 Germany Cardless ATM Market by End User
- 6.1.3 Germany Cardless ATM Market by Technology
- 6.2 UK Cardless ATM Market
- 6.2.1 UK Cardless ATM Market by Type
- 6.2.2 UK Cardless ATM Market by End User
- 6.2.3 UK Cardless ATM Market by Technology
- 6.3 France Cardless ATM Market
- 6.3.1 France Cardless ATM Market by Type
- 6.3.2 France Cardless ATM Market by End User
- 6.3.3 France Cardless ATM Market by Technology
- 6.4 Russia Cardless ATM Market
- 6.4.1 Russia Cardless ATM Market by Type
- 6.4.2 Russia Cardless ATM Market by End User
- 6.4.3 Russia Cardless ATM Market by Technology
- 6.5 Spain Cardless ATM Market
- 6.5.1 Spain Cardless ATM Market by Type
- 6.5.2 Spain Cardless ATM Market by End User
- 6.5.3 Spain Cardless ATM Market by Technology
- 6.6 Italy Cardless ATM Market
- 6.6.1 Italy Cardless ATM Market by Type
- 6.6.2 Italy Cardless ATM Market by End User
- 6.6.3 Italy Cardless ATM Market by Technology
- 6.7 Rest of Europe Cardless ATM Market
- 6.7.1 Rest of Europe Cardless ATM Market by Type
- 6.7.2 Rest of Europe Cardless ATM Market by End User
- 6.7.3 Rest of Europe 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
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook