Built to provide research that’s more actionable and strategically valuable, The Business Research Company’s 2026 market reports include market attractiveness analysis, total addressable market sizing, company benchmarking matrices, interactive Excel dashboards, broader supply chain intelligence, emerging startup tracking, and in-depth product insights.
Contactless Automated Teller Machine (ATM) And Cardless Automated Teller Machine (ATM) Market Value Analysis: What Growth Lies Ahead Over The Forecast Period?
The contactless automated teller machine (atm) and cardless automated teller machine (atm) market has experienced rapid expansion recently. It is projected to grow from $3.02 billion in 2025 to $3.45 billion in 2026, exhibiting a compound annual growth rate (CAGR) of 14.1%. The historical rise in this market can be linked to the expansion of global ATM networks, increasing anxieties over card fraud and skimming, the surge in mobile banking adoption, a greater demand for swifter transaction processing, and the early integration of contactless banking technologies.
The contactless automated teller machine (atm) and cardless automated teller machine (atm) market is projected to experience rapid expansion in the coming years. It is anticipated to achieve a size of $5.78 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 13.8%. The forecasted growth is primarily driven by escalating investments in smart banking infrastructure, a surging preference for touchless financial services, the broadening of AI-driven fraud prevention systems, an increasing demand for omnichannel banking experiences, and a heightened regulatory emphasis on transaction security. Key trends over the forecast period involve the increasing deployment of cardless cash withdrawal solutions, rising adoption of biometric authentication atms, growing integration with mobile banking applications, the expansion of cloud-based atm management systems, and an enhanced focus on transaction security and hygiene.
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Contactless Automated Teller Machine (ATM) And Cardless Automated Teller Machine (ATM) Market Demand Drivers: What’s Powering Industry Growth?
The increasing requirement for contactless transactions is projected to stimulate the expansion of the contactless automated teller machine (ATM) and cardless automated teller machine (ATM) market in the future. Contactless transactions refer to payments executed by simply tapping a card or device in proximity to a compatible terminal, thereby removing the necessity for physical interaction or PIN input. The escalating desire for contactless transactions arises because they offer a quicker checkout process, lessen physical contact at payment points, and align with evolving consumer expectations for seamless digital payment methods. Contactless ATMs and cardless ATMs enable secure and hygienic contactless transactions by allowing individuals to withdraw cash or carry out banking operations using smartphones, QR codes, or contactless cards without physically inserting a card. For instance, in July 2024, according to the European Central Bank, a Germany-based central bank for the eurosytem, in 2023, the volume of contactless card payments in the second half of the year grew by 16%, reaching 23.2 billion compared to the same period in 2022. Consequently, the surging demand for contactless transactions is fueling the growth of the contactless automated teller machine (ATM) and cardless automated teller machine (ATM) market.
Contactless Automated Teller Machine (ATM) And Cardless Automated Teller Machine (ATM) Market Segment Outlook: Which Categories Are Growing Fastest?
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
Contactless Automated Teller Machine (ATM) And Cardless Automated Teller Machine (ATM) Market Innovation Trends: What Developments Are Reshaping The Industry?
Companies at the forefront of the contactless automated teller machine (ATM) and cardless automated teller machine (ATM) market are concentrating on developing advanced technological solutions, such as contactless ATM access, to improve user convenience, shorten transaction times, and heighten security. Contactless ATM access refers to the capability to conduct ATM transactions by tapping a contactless-enabled card or device on the ATM, without physically inserting a card. For instance, in November 2023, Co-op Solutions, a US-based financial services company, launched contactless ATM access for all NCR Atleos ATMs, with plans to extend this to Diebold Nixdorf and Hyosung Innovue machines by 2024. This feature enables credit union members to tap their debit cards for faster transactions, taking an average of just 15 seconds, which is over 50% quicker than using a magnetic stripe card. The system requires no API integration for credit unions or vendors. Co-op highlights the solution’s speed, security, and modern appeal as contributors to an enhanced customer experience and a reinforcement of credit unions’ role in members’ daily financial activities.
Contactless Automated Teller Machine (ATM) And Cardless Automated Teller Machine (ATM) Market Leading Companies And Competitive Benchmarking
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 Top Region By Revenue And Market Share
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.