With 7.70% CAGR, Remote Deposit Capture Market to Hit USD 431.0 Million by 2027

According to the latest report by IMARC Group, titled “Remote Deposit Capture Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global remote deposit capture market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global remote deposit capture market reached a value of US$ 270.1 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 431.0 Million by 2027 exhibiting a CAGR of 7.70% during 2022-2027.

Remote deposit capture (RDC) represents the service provided by banks to manage the check depositing process remotely. It includes scanning the checks, sharing the deposits with financial institutions, verifying the details and images, etc. In addition to this, RDC allows the customers to monitor statements and transmit scanned images via an encrypted internet connection. It also assists in improving the cash flow, removing the need to visit the bank, enhancing business operations, 24/7 availability, minimizing risks, etc. As a result, remote deposit capture is widely utilized by small, medium, and large enterprises across the globe.

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Important Attribute and highlights of the Report:

  • Detailed analysis of the global market share
  • Market Segmentation by component, deployment, enterprises and region.
  • Historical, current, and projected size of the market in terms of volume and value
  • Latest industry trends and developments
  • Competitive Landscape for Remote Deposit Capture Market
  • Strategies of major players and product offerings

The growing utilization of smartphones is one of the primary factors driving the remote deposit capture market. Besides this, the increasing digitization levels across the banking industry are enhancing the core processing capabilities by enabling customers to remotely deposit gift checks, paychecks, refund checks, etc., which is further augmenting the market growth. Moreover, the inflating adoption of RDC to provide instant notifications for deposited funds and various other benefits, such as high-speed, convenience, hassle-free services, etc., is acting as another significant growth-inducing factor.

Apart from this, the escalating demand for data analytics processes to enable real-time detection and reduce the risk of frauds is also propelling the global market. Furthermore, the introduction of numerous technological advancements, including artificial intelligence (AI) and the Internet of Things (IoT), to make secure payments, improve efficiency, provide prompt customer assistance, etc., is projected to bolster the remote deposit capture market in the coming years.

Key Players Included in Global Research Report:

  • Alogent
  • Checkalt LLC
  • Digital Check Corp.
  • EFT Network
  • FIS
  • Fiserv Inc.
  • Jack Henry & Associates Inc.
  • Jaguar Software
  • Mitek Systems Inc.
  • NCR Corporation
  • Northern Trust Corporation
  • ProgressSoft Corporation.

Do you know more information, Contact to our analyst at– https://www.imarcgroup.com/remote-deposit-capture-market

Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Market Segmentation:

Breakup by Component:

  • Solution
  • Service

Breakup by Deployment:

  • On-premises
  • Cloud-based

Breakup by Enterprises:

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

TOC for the Remote Deposit Capture Market Research Report:

  • Preface
  • Scope and Methodology
  • Executive Summary
  • Introduction
  • Global Remote Deposit Capture Market
  • SWOT Analysis
  • Value Chain Analysis
  • Price Analysis
  • Competitive Landscape

Who we are:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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