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The cardless ATM market size is forecast to increase by USD 1.91 billion at a CAGR of 6.36% between 2023 and 2028. The market is experiencing significant growth, driven by several key trends and factors. The increased penetration of smartphones and the emergence of biometric ATMs are major growth catalysts. Smartphones have become an integral part of our daily lives, and mobile banking applications enable users to perform various transactions, including cash withdrawals, without using traditional debit or credit cards. Biometric ATMs, which use fingerprint or facial recognition technology for authentication, offer enhanced security and convenience, making them increasingly popular. Additionally, regulations on contactless payment transactions are also fueling the market growth. However, challenges such as high implementation costs and security concerns related to biometric data remain. Despite these challenges, the market is expected to continue its upward trajectory, driven by the convenience and security benefits offered by cardless ATMs.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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