With a focus on actionable insights and strategic value, The Business Research Company’s 2026 market reports include market attractiveness scoring, total addressable market sizing, company benchmarking matrices, interactive Excel dashboards, deeper supply chain intelligence, emerging startup tracking, and granular product-level insights.
Contactless Automated Teller Machine (ATM) And Cardless Automated Teller Machine (ATM) Market Size Outlook: A $5.78 Billion Market By 2030, Growing At 13.8% Annually
The market for contactless and cardless automated teller machines (ATMs) has experienced rapid growth in recent years. This market is projected to expand from $3.02 billion in 2025 to $3.45 billion in 2026, demonstrating a compound annual growth rate (CAGR) of 14.1%. Historically, this growth can be attributed to factors such as the expansion of global ATM networks, rising concerns over card fraud and skimming, the increase in mobile banking usage, a growing demand for faster transaction processing, and the early adoption of contactless banking technologies.
The contactless automated teller machine (atm) and cardless automated teller machine (atm) market is projected to experience swift expansion over the coming years. This market is anticipated to reach $5.78 billion in 2030, exhibiting a compound annual growth rate (CAGR) of 13.8%. This anticipated growth during the forecast period is driven by several factors, such as increased spending on intelligent banking infrastructure, a growing preference for touchless financial interactions, the broader use of AI-powered fraud detection systems, the rising need for comprehensive omnichannel banking services, and a stronger regulatory emphasis on securing transactions. Key trends for the forecast period encompass a wider rollout of solutions for cardless cash withdrawals, greater uptake of biometric authentication ATMs, stronger integration with mobile banking platforms, the expansion of cloud-based ATM management systems, and a heightened emphasis on transaction security and cleanliness.
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Key Demand Driver Expected To Lift Contactless Automated Teller Machine (ATM) And Cardless Automated Teller Machine (ATM) Market Revenue
The increasing need for contactless transactions is anticipated to boost expansion within the contactless automated teller machine (ATM) and cardless automated teller machine (ATM) market in the future. Contactless transactions involve completing payments by merely tapping a card or a device close to a suitable terminal, thus removing the necessity for direct physical interaction or entering a PIN. The preference for contactless transactions is increasing because they provide a quicker checkout process, minimize physical contact during payments, and meet evolving consumer preferences for smooth digital payment methods. Contactless ATMs and cardless ATMs facilitate secure and sanitary contactless transactions, letting users access cash or carry out banking tasks via smartphones, QR codes, or contactless cards, without physically inserting a card. As an illustration, in July 2024, data from the European Central Bank, a Germany-based central bank for the eurosytem, indicated that in 2023, contactless card payments during the latter half of the year grew by 16%, totaling 23.2 billion when contrasted with the corresponding period in 2022. Consequently, the expanding demand for contactless transactions is propelling the development of the contactless automated teller machine (ATM) and cardless automated teller machine (ATM) market.
Exploring The Contactless Automated Teller Machine (ATM) And Cardless Automated Teller Machine (ATM) Market Through Its Key Segments
The contactless automated teller machine (atm) and cardless automated teller machine (atm) market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Deployment: On-Premise, Cloud-Based
3) By Technology: Near Field Communication, Bluetooth, Magnetic Stripe, Quick Response Code Scanning
4) By End User: Retail Customers, Corporate Clients, Banking Institutions, Financial Service Providers
Subsegments:
1) By Hardware: Near-Field Communication Readers, Biometric Scanners, Card Dispensing Units, Cash Dispensers, Receipt Printers, Personal Identification Number (PIN) Pads And Touchscreens, Contactless Sensors, Connectivity Modules
2) By Software: Transaction Management Software, Security And Encryption Software, Mobile Banking Integration Software, Automated Teller Machine (ATM) Operating Systems, Analytics And Reporting Software, Remote Monitoring And Maintenance Software, User Interface (UI) Software
3) By Services: Installation And Integration Services, Maintenance And Support Services, Managed Services, Consulting And Training Services, Security Auditing Services, Software Upgradation Services
New Trends Redefining Competition In The Contactless Automated Teller Machine (ATM) And Cardless Automated Teller Machine (ATM) Market
Key players in the contactless automated teller machine (ATM) and cardless automated teller machine (ATM) market are prioritizing the creation of innovative, tech-driven solutions, including contactless ATM access, with the goal of boosting user convenience, accelerating transaction speeds, and strengthening security measures. This feature enables users to complete ATM transactions by simply tapping a contactless-compatible card or device against the ATM terminal, eliminating the need to physically insert a card. As an example, in November 2023, Co-op Solutions, a financial services firm located in the US, introduced contactless ATM access across all NCR Atleos ATMs, with intentions to extend this to Diebold Nixdorf and Hyosung Innovue machines by 2024. This capability enables credit union members to use their debit cards via a tap for quicker transactions, completing them in an average of just 15 seconds, which is over 50% faster than processing with a magnetic stripe card. Crucially, the system demands no API integration for either credit unions or vendors. Co-op emphasizes the solution’s attributes of speed, heightened security, and contemporary feel as integral to improving customer experience and strengthening the involvement of credit unions in their members’ daily financial activities.
Contactless Automated Teller Machine (ATM) And Cardless Automated Teller Machine (ATM) Market Competition: Key Players And Industry Participants
Major companies operating in the contactless automated teller machine (atm) and cardless automated teller machine (atm) market are Banco Santander S.A., Wells Fargo & Company, Hitachi Ltd., HSBC Holdings plc, Barclays PLC, Fujitsu Limited, Fiserv Inc., Samsung SDS Co. Ltd., Fidelity National Information Services Inc. (FIS), NCR Corporation, Conduent Incorporated, Diebold Nixdorf Incorporated, Euronet Worldwide Inc., OKI Electric Industry Co. Ltd., ACI Worldwide Inc., GRG Banking Equipment Co. Ltd., NoteMachine Limited, KEBA AG, Nautilus Hyosung Inc., Hyosung TNS Inc.
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Contactless Automated Teller Machine (ATM) And Cardless Automated Teller Machine (ATM) Market Regional Overview: Largest Market And Global Coverage
North America was the largest region in the contactless automated teller machine (ATM) and cardless automated teller machine (ATM) market in 2025. The regions covered in the contactless automated teller machine (atm) and cardless automated teller machine (atm) market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
