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2021
Remote Deposit Capture Market

Remote Deposit Capture Market By Component (Solution and Service), Deployment Type (On-Premise and Cloud), and Enterprise Size (Small & Medium-Sized Enterprises (SMEs), and Large Enterprises): Global Opportunity Analysis and Industry Forecast, 2020–2027

A00137
Pages: 198
Nov 2020 | 6445 Views
   
Author(s) : Pramod Borasi, Monica Chhabra , Vineet Kumar
Tables: 145
Charts: 26
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Remote Deposit Capture Market Outlook – 2027 

The global remote deposit capture market size was valued at $238.15 million in 2019, and is projected to reach $378.08 million by 2027, growing at a CAGR of 6.2% from 2020 to 2027. Remote deposit capture (RDC) is the use of online technology to manage the check depositing processes, such as to digitally scan the electronic images of check instead of original physical paper and uploading an image of the check directly to the customer’s bank to get faster access to funds. 

With an unprecedented COVID-19 health crisis, the demand for remote deposit capture solutions has experienced growth, owing to increased adoption of contactless transactions in order to curb the spread of virus.

This technology is sometimes referred as “Merchant Capture”, “Image Deposits” and “Corporate Capture”. These platforms enable banks to provide funds to customers through software, thereby reducing burdens associated with complicated process of depositing and receiving funding. The technology has been widely adopted among banks, financial institutions, and credit unions to improve productivity and increase revenue in a rapid and automated manner.

Remote-Deposit-Capture-Market-2020-2027

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Rapid growth of the remote deposit capture market, owing to digitalization initiatives among financial organizations, and government initiatives for remote deposit capture in developing countries, such as India and China, have boosted the adoption of remote deposit capture platforms in recent years. However, security & compliance concerns associated with remote deposit capture platforms are expected to hinder the remote deposit capture market growth. On the contrary, technological advancements, such as AI integration in remote deposit capture platforms, and rise in penetration of cloud-based platforms are expected to present lucrative opportunities for the expansion of the global remote deposit capture market during the forecast period.

North America is one of the potential markets for mobile remote deposit capture platforms, and is expected to lead during the forecast period. This is attributed to the presence of large number of players such as Bank of America, Citibank, and the PNC Financial Services Group, Inc., which offer remote deposit capture services to their commercial and business customers. For instance, according to survey conducted in the U.S by Federal Reserve Bank of Boston, 86% of respondents were using mobile remote deposit capture services in 2019, as compared to 73% in 2016. This is considered as one of the key driving forces of the remote deposit capture market in North America.

Remote Deposit Capture Market
By Component

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Solution segment will dominate the market throughout the forecast period

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The report focuses on the growth prospects, restraints, and trends of the global remote deposit capture market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the global remote deposit capture market.

Remote Deposit Capture Market
By Deployment Type

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On-Premise segment will maintain the lead during 2020 - 2027

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Segment Review

The global remote deposit capture market is segmented on the basis of component, deployment type, enterprise size, and region. In terms of component, the market is fragmented into solution and service. By deployment type, the remote deposit capture market is segregated into on-premise and cloud. Depending on enterprise size, it is fragmented into small & medium-sized enterprises, and large enterprise. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Remote Deposit Capture Market
By Enterprise Size

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Small & Medium-Sized Enterprises (SMEs) segment will grow at a highest CAGR of 7.8% during 2020 - 2027

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Competitive Analysis

The key market leaders profiled in the remote deposit capture industry report include Alogent, Branch Banking & Trust Corporation, Checkalt LLC, CSI Inc., Deluxe Enterprise Operations, EFT NETWORK, Finastra, Fiserv, FTNI, Jack Henry & Associates Inc., Mitek Systems, and NCR Corporation. These key players have adopted various strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to increase their market penetration and strengthen their foothold in the remote deposit capture industry.

Remote Deposit Capture Market
By Region

2027
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific region would exhibit the highest CAGR of 7.5% during the forecast period

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COVID-19 Impact Analysis

Due to COVID-19 outbreak, the remote deposit capture market trends are expected to prosper further in the upcoming months. This is attributed to increase in awareness of social distancing, as it drives the need for digital banking channels among individuals. Customers who used to visit banks or any financial institution for payment, deposit, clearing checks, and other financial activities prefer to use online platform for banking, as it provides safety, security, faster cash flow, and helps in building strong relationship between banks & customers. 

All these factors are expected to provide numerous opportunities for the remote deposit capture market in the upcoming years. After facing major slowdown in sales, banks and other financial institutions organize innovative products and services such as remote deposit capture programs to provide effective inputs with respect to digitally depositing of checks to small business at remote locations, usually in the customers’ offices, for virtually instant credit to their account and make them efficient to think for their businesses instead of waiting in long queue for depositing checks.

Top Impacting Factors

Increase in Focus of Banks, Financial Institutions, and Credit Unions on Digitalizing Check Depositing Processes

Digitization has been one of the most widely adopted strategies in financial services to improve core processing capabilities and offer better consumer services and insights. In addition, these organizations have reportedly increased their sales percentage by focusing on digitalization of their financial services. A study has revealed that investments in financial technologies witnessed a notable growth in 2019, which was almost twice that of 2017. In addition, more than half of these investments have been associated with check depositing & payments.  

Digitization in check depositing process has helped organizations and their customers both, as this process eliminates the need to visit banks, and checks can be deposited 24/7. Furthermore, individuals use remote deposit capture for their paychecks, gift checks, refund checks, and any other checks they receive. Thus, increase in focus on digitalizing depositing processes helps in achieving business efficiency and better outcomes, thereby contributing toward the growth of the remote deposit capture platform in the coming years.

Surge in Adoption of Mobile Deposit Services

With increase in penetration of smartphones and internet users across the globe, online banking has witnessed significant growth in recent years. Remote deposit capture is considered as one of the convenient and widely used options for banks, as it provides instant notification for deposited funds. Furthermore, mobile remote deposit capture is becoming the preferred medium among consumers, as it offers high-speed and hassle-free services. This, in turn, attracts all types of banks and financial institutions to offer their financial services via mobile platform. 

Merchants and small business enterprises are using mobile banking apps to deposit fund in bank accounts from anywhere. For instance, according to survey conducted by Mitek Systems, Inc. in 2019, 54% mobile banking customers are using their mobile banking app to check account balance. Thus, all these factors are anticipated to provide lucrative opportunities for the expansion of the remote deposit capture market, globally.

Key Benefits For Stakeholders 

  • The study provides an in-depth analysis of the global remote deposit capture market forecast along with the current trends and future estimations to elucidate the imminent investment pockets.
  • Information about key drivers, restraints, and opportunities and their impact analysis on the global remote deposit capture market share is provided in the report.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
  • The quantitative analysis of the market from 2019 to 2027 is provided to determine the market potential.


Key Market Segments

  • By Component
    • SOLUTION
    • SERVICE
  • By Deployment
    • ON-PREMISE
    • CLOUD
  • By Enterprises
    • LARGE ENTERPRISES
    • Small & Medium Enterprises (SMEs)
  • By Region
    • North America
      • U.S.
      • Canada
    • Europe
      • France
      • UK
      • Italy
      • Spain
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
      • Australia
      • Southeast Asia
      • Rest of Asia-Pacific
    • LAMEA
      • Latin America
      • Middle East
      • Africa


Key Market Players

  • ALOGENT
  • .CHECKALT LLC
  • CSI
  • EFT NETWORK, INC.
  • DELUXE ENTERPRISE OPERATIONS
  • FINASTRA
  • FISERV, INC.
  • JACK HENRY & ASSOCIATES, INC.
  • MITEK SYSTEMS, INC.
  • NCR CORPORATION
 

CHAPTER 1:INTRODUCTION

1.1.REPORT DESCRIPTION
1.2.KEY MARKET SEGMENTS
1.3.KEY BENEFITS
1.4.RESEARCH METHODOLOGY

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO PERSPECTIVE

CHAPTER 3:MARKET LANDSCAPE

3.1.MARKET DEFINITION AND SCOPE
3.2.KEY FINDINGS

3.2.1.Top investment pockets
3.2.2.Top winning strategies

3.3.PORTER'S FIVE FORCES ANALYSIS

3.3.1.Bargaining power of suppliers
3.3.2.Threat of new entrants
3.3.3.Threat of substitutes
3.3.4.Competitive rivalry
3.3.5.Bargaining power among buyers

3.4.MARKET SHARE ANALYSIS/TOP PLAYER POSITIONING
3.5.MARKET DYNAMICS

3.5.1.Drivers
3.5.2.Restraints
3.5.3.Opportunities

3.6.OVID-19 IMPACT ANALYSIS ON REMOTE DEPOSIT CAPTURE MARKET

3.6.1.Impact on remote deposit capture market size
3.6.2.Change in consumer trends, preferences, and budget impact, owing to COVID-19
3.6.3.Framework for market challenges faced by remote deposit capture solution providers
3.6.4.Economic impact on remote deposit capture solution providers
3.6.5.Key player strategies to tackle negative impact on the industry
3.6.6. Opportunity analysis for remote deposit capture 
solution providers 

CHAPTER 4:REMOTE DEPOSIT CAPTURE MARKET BY COMPONENT 

4.1.OVERVIEW
4.2.SOLUTION 

4.2.1.Key market trends, Growth factors and opportunities
4.2.2.Market size and forecast by region
4.2.3.Market analysis by country

4.3.SERVICE

4.3.1.Key market trends, Growth factors and opportunities
4.3.2.Market size and forecast by region
4.3.3.Market analysis by country

CHAPTER 5:REMOTE DEPOSIT CAPTURE MARKET BY DEPLOYMENT TYPE

5.1.OVERVIEW
5.2.ON-PREMISE 

5.2.1.Key market trends, Growth factors and opportunities
5.2.2.Market size and forecast by region
5.2.3.Market analysis by country

5.3.CLOUD

5.3.1.Key market trends, Growth factors and opportunities
5.3.2.Market size and forecast by region
5.3.3.Market analysis by country

CHAPTER 6:REMOTE DEPOSIT CAPTURE MARKET BY ENTERPRISES

6.1.OVERVIEW
6.2.LARGE ENTERPRISES

6.2.1.Key market trends, Growth factors and opportunities
6.2.2.Market size and forecast by region
6.2.3.Market analysis by country

6.3.SMALL MEDIUM ENTERPRISES (SMES)

6.3.1.Key market trends, Growth factors and opportunities
6.3.2.Market size and forecast by region
6.3.3.Market analysis by country

CHAPTER 7:REMOTE DEPOSIT CAPTURE MARKET BY REGION

7.1. OVERVIEW
7.2.NORTH AMERICA

7.2.1.Key market trends and opportunities
7.2.2.Market size and forecast by Component 
7.2.3.Market size and forecast by Deployment Type
7.2.4.Market size and forecast by Enterprises
7.2.5.Market size and forecast by Country
7.2.6.U.S. REMOTE DEPOSIT CAPTURE MARKET

7.2.6.1.Market size and forecast by Component 
7.2.6.2.Market size and forecast by Deployment Type
7.2.6.3.Market size and forecast by Enterprises

7.2.7.CANADA REMOTE DEPOSIT CAPTURE MARKET

7.2.7.1.Market size and forecast by Component 
7.2.7.2.Market size and forecast by Deployment Type
7.2.7.3.Market size and forecast by Enterprises

7.3.EUROPE

7.3.1.Key market trends and opportunities
7.3.2.Market size and forecast by Component 
7.3.3.Market size and forecast by Deployment Type
7.3.4.Market size and forecast by Enterprises
7.3.5.Market size and forecast by Country
7.3.6.FRANCE REMOTE DEPOSIT CAPTURE MARKET

7.3.6.1.Market size and forecast by Component 
7.3.6.2.Market size and forecast by Deployment Type
7.3.6.3.Market size and forecast by Enterprises

7.3.7.UK REMOTE DEPOSIT CAPTURE MARKET

7.3.7.1.Market size and forecast by Component 
7.3.7.2.Market size and forecast by Deployment Type
7.3.7.3.Market size and forecast by Enterprises

7.3.8.ITALY REMOTE DEPOSIT CAPTURE MARKET

7.3.8.1.Market size and forecast by Component 
7.3.8.2.Market size and forecast by Deployment Type
7.3.8.3.Market size and forecast by Enterprises

7.3.9.SPAIN REMOTE DEPOSIT CAPTURE MARKET

7.3.9.1.Market size and forecast by Component 
7.3.9.2.Market size and forecast by Deployment Type
7.3.9.3.Market size and forecast by Enterprises

7.3.10.REST OF EUROPE REMOTE DEPOSIT CAPTURE MARKET

7.3.10.1.Market size and forecast by Component 
7.3.10.2.Market size and forecast by Deployment Type
7.3.10.3.Market size and forecast by Enterprises

7.4.ASIA-PACIFIC

7.4.1.Key market trends and opportunities
7.4.2.Market size and forecast by Component 
7.4.3.Market size and forecast by Deployment Type
7.4.4.Market size and forecast by Enterprises
7.4.5.Market size and forecast by Country

7.4.6.CHINA REMOTE DEPOSIT CAPTURE MARKET

7.4.6.1.Market size and forecast by Component 
7.4.6.2.Market size and forecast by Deployment Type
7.4.6.3.Market size and forecast by Enterprises

7.4.7.JAPAN REMOTE DEPOSIT CAPTURE MARKET

7.4.7.1.Market size and forecast by Component 
7.4.7.2.Market size and forecast by Deployment Type
7.4.7.3.Market size and forecast by Enterprises

7.4.8.INDIA REMOTE DEPOSIT CAPTURE MARKET

7.4.8.1.Market size and forecast by Component 
7.4.8.2.Market size and forecast by Deployment Type
7.4.8.3.Market size and forecast by Enterprises

7.4.9.AUSTRALIA REMOTE DEPOSIT CAPTURE MARKET

7.4.9.1.Market size and forecast by Component 
7.4.9.2.Market size and forecast by Deployment Type
7.4.9.3.Market size and forecast by Enterprises

7.4.10.SOUTHEAST ASIA REMOTE DEPOSIT CAPTURE MARKET

7.4.10.1.Market size and forecast by Component 
7.4.10.2.Market size and forecast by Deployment Type
7.4.10.3.Market size and forecast by Enterprises

7.4.11.REST OF ASIA-PACIFIC REMOTE DEPOSIT CAPTURE MARKET

7.4.11.1.Market size and forecast by Component 
7.4.11.2.Market size and forecast by Deployment Type
7.4.11.3.Market size and forecast by Enterprises

7.5.LAMEA

7.5.1.Key market trends and opportunities
7.5.2.Market size and forecast by Component 
7.5.3.Market size and forecast by Deployment Type
7.5.4.Market size and forecast by Enterprises
7.5.5.Market size and forecast by Country
7.5.6.LATIN AMERICA REMOTE DEPOSIT CAPTURE MARKET

7.5.6.1.Market size and forecast by Component 
7.5.6.2.Market size and forecast by Deployment Type
7.5.6.3.Market size and forecast by Enterprises

7.5.7.MIDDLE EAST REMOTE DEPOSIT CAPTURE MARKET

7.5.7.1.Market size and forecast by Component 
7.5.7.2.Market size and forecast by Deployment Type
7.5.7.3.Market size and forecast by Enterprises

7.5.8.AFRICA REMOTE DEPOSIT CAPTURE MARKET

7.5.8.1.Market size and forecast by Component 
7.5.8.2.Market size and forecast by Deployment Type
7.5.8.3.Market size and forecast by Enterprises

CHAPTER 8:COMPANY PROFILES

8.1.ALOGENT

8.1.1.Company overview
8.1.2.Key Executives
8.1.3.Company snapshot
8.1.4.Operating business segments
8.1.5.Product portfolio
8.1.6.Business performance
8.1.7.Key strategic moves and developments

8.2.CHECKALT LLC

8.2.1.Company overview
8.2.2.Key Executives
8.2.3.Company snapshot
8.2.4.Operating business segments
8.2.5.Product portfolio
8.2.6.Business performance
8.2.7.Key strategic moves and developments

8.3.CSI

8.3.1.Company overview
8.3.2.Key Executives
8.3.3.Company snapshot
8.3.4.Operating business segments
8.3.5.Product portfolio
8.3.6.Business performance
8.3.7.Key strategic moves and developments

8.4.EFT NETWORK, INC.

8.4.1.Company overview
8.4.2.Key Executives
8.4.3.Company snapshot
8.4.4.Operating business segments
8.4.5.Product portfolio
8.4.6.Business performance
8.4.7.Key strategic moves and developments

8.5.DELUXE ENTERPRISE OPERATIONS  

8.5.1.Company overview
8.5.2.Key Executives
8.5.3.Company snapshot
8.5.4.Operating business segments
8.5.5.Product portfolio
8.5.6.Business performance
8.5.7.Key strategic moves and developments

8.6.FINASTRA

8.6.1.Company overview
8.6.2.Key Executives
8.6.3.Company snapshot
8.6.4.Operating business segments
8.6.5.Product portfolio
8.6.6.Business performance
8.6.7.Key strategic moves and developments

8.7.FISERV, INC.

8.7.1.Company overview
8.7.2.Key Executives
8.7.3.Company snapshot
8.7.4.Operating business segments
8.7.5.Product portfolio
8.7.6.Business performance
8.7.7.Key strategic moves and developments

8.8.JACK HENRY & ASSOCIATES, INC.  

8.8.1.Company overview
8.8.2.Key Executives
8.8.3.Company snapshot
8.8.4.Operating business segments
8.8.5.Product portfolio
8.8.6.Business performance
8.8.7.Key strategic moves and developments

8.9.MITEK SYSTEMS, INC.

8.9.1.Company overview
8.9.2.Key Executives
8.9.3.Company snapshot
8.9.4.Operating business segments
8.9.5.Product portfolio
8.9.6.Business performance
8.9.7.Key strategic moves and developments

8.10.NCR CORPORATION

8.10.1.Company overview
8.10.2.Key Executives
8.10.3.Company snapshot
8.10.4.Operating business segments
8.10.5.Product portfolio
8.10.6.Business performance
8.10.7.Key strategic moves and developments

LIST OF TABLES

TABLE 1.GLOBAL REMOTE DEPOSIT CAPTURE MARKET, BY COMPONENT  2019-2027 ($MILLION)
TABLE 2.REMOTE DEPOSIT CAPTURE MARKET FOR SOLUTION, BY REGION, 2019-2027 ($MILLION)
TABLE 3.REMOTE DEPOSIT CAPTURE MARKET FOR SERVICE, BY REGION, 2019-2027 ($MILLION)
TABLE 4.GLOBAL REMOTE DEPOSIT CAPTURE MARKET, BY DEPLOYMENT TYPE 2019-2027 ($MILLION)
TABLE 5.REMOTE DEPOSIT CAPTURE MARKET FOR ON-PREMISE, BY REGION, 2019-2027 ($MILLION)
TABLE 6.REMOTE DEPOSIT CAPTURE MARKET FOR CLOUD, BY REGION, 2019-2027 ($MILLION)
TABLE 7.GLOBAL REMOTE DEPOSIT CAPTURE MARKET, BY ENTERPRISES 2019-2027 ($MILLION)
TABLE 8.REMOTE DEPOSIT CAPTURE MARKET FOR LARGE ENTERPRISES, BY REGION, 2019-2027 ($MILLION)
TABLE 9.REMOTE DEPOSIT CAPTURE MARKET FOR SMALL MEDIUM ENTERPRISES (SMES), BY REGION, 2019-2027 ($MILLION)
TABLE 10.REMOTE DEPOSIT CAPTURE MARKET FOR, BY REGION, 2019-2027 ($MILLION)
TABLE 11.NORTH AMERICA REMOTE DEPOSIT CAPTURE, BY COMPONENT  2019-2027 ($MILLION)
TABLE 12.NORTH AMERICA REMOTE DEPOSIT CAPTURE, BY DEPLOYMENT TYPE 2019-2027 ($MILLION)
TABLE 13.NORTH AMERICA REMOTE DEPOSIT CAPTURE, BY ENTERPRISES 2019-2027 ($MILLION)
TABLE 14.NORTH AMERICA REMOTE DEPOSIT CAPTURE, BY REGION, 2019-2027 ($MILLION)
TABLE 15.EUROPE REMOTE DEPOSIT CAPTURE, BY COMPONENT  2019-2027 ($MILLION)
TABLE 16.EUROPE REMOTE DEPOSIT CAPTURE, BY DEPLOYMENT TYPE 2019-2027 ($MILLION)
TABLE 17.EUROPE REMOTE DEPOSIT CAPTURE, BY ENTERPRISES 2019-2027 ($MILLION)
TABLE 18.EUROPE REMOTE DEPOSIT CAPTURE, BY REGION, 2019-2027 ($MILLION)
TABLE 19.ASIA-PACIFIC REMOTE DEPOSIT CAPTURE, BY COMPONENT  2019-2027 ($MILLION)
TABLE 20.ASIA-PACIFIC REMOTE DEPOSIT CAPTURE, BY DEPLOYMENT TYPE 2019-2027 ($MILLION)
TABLE 21.ASIA-PACIFIC REMOTE DEPOSIT CAPTURE, BY ENTERPRISES 2019-2027 ($MILLION)
TABLE 22.ASIA-PACIFIC REMOTE DEPOSIT CAPTURE, BY REGION, 2019-2027 ($MILLION)
TABLE 23.LAMEA REMOTE DEPOSIT CAPTURE, BY COMPONENT  2019-2027 ($MILLION)
TABLE 24.LAMEA REMOTE DEPOSIT CAPTURE, BY DEPLOYMENT TYPE 2019-2027 ($MILLION)
TABLE 25.LAMEA REMOTE DEPOSIT CAPTURE, BY ENTERPRISES 2019-2027 ($MILLION)
TABLE 26.LAMEA REMOTE DEPOSIT CAPTURE, BY REGION, 2019-2027 ($MILLION)
TABLE 27.ALOGENT: COMPANY SNAPSHOT
TABLE 28.ALOGENT: OPERATING SEGMENTS
TABLE 29.CHECKALT LLC: COMPANY SNAPSHOT
TABLE 30.CHECKALT LLC: OPERATING SEGMENTS
TABLE 31.CSI: COMPANY SNAPSHOT
TABLE 32.CSI: OPERATING SEGMENTS
TABLE 33.EFT NETWORK, INC.: COMPANY SNAPSHOT
TABLE 34.EFT NETWORK, INC.: OPERATING SEGMENTS
TABLE 35.DELUXE ENTERPRISE OPERATIONS: COMPANY SNAPSHOT
TABLE 36.DELUXE ENTERPRISE OPERATIONS: OPERATING SEGMENTS
TABLE 37.FINASTRA: COMPANY SNAPSHOT
TABLE 38.FINASTRA: OPERATING SEGMENTS
TABLE 39.FISERV, INC.: COMPANY SNAPSHOT
TABLE 40.FISERV, INC.: OPERATING SEGMENTS
TABLE 41.JACK HENRY & ASSOCIATES, INC.: COMPANY SNAPSHOT
TABLE 42.JACK HENRY & ASSOCIATES, INC.: OPERATING SEGMENTS
TABLE 43.MITEK SYSTEMS, INC.: COMPANY SNAPSHOT
TABLE 44.MITEK SYSTEMS, INC.: OPERATING SEGMENTS
TABLE 45.NCR CORPORATION: COMPANY SNAPSHOT
TABLE 46.NCR CORPORATION: OPERATING SEGMENTS

LIST OF FIGURES

FIGURE 1.GLOBAL REMOTE DEPOSIT CAPTURE MARKET SEGMENTATION
FIGURE 2.TOP INVESTMENT POCKET
FIGURE 3.TOP WINNING STRATEGIES (%)
FIGURE 4.REMOTE DEPOSIT CAPTURE MARKET FOR SOLUTION, 2019-2027 ($MILLION)
FIGURE 5.REMOTE DEPOSIT CAPTURE MARKET FOR SERVICE, 2019-2027 ($MILLION)
FIGURE 6.REMOTE DEPOSIT CAPTURE MARKET FOR ON-PREMISE, 2019-2027 ($MILLION)
FIGURE 7.REMOTE DEPOSIT CAPTURE MARKET FOR CLOUD, 2019-2027 ($MILLION)
FIGURE 8.REMOTE DEPOSIT CAPTURE MARKET FOR LARGE ENTERPRISES, 2019-2027 ($MILLION)
FIGURE 9.REMOTE DEPOSIT CAPTURE MARKET FOR SMALL MEDIUM ENTERPRISES (SMES), 2019-2027 ($MILLION)
FIGURE 10.GLOBAL REMOTE DEPOSIT CAPTURE, BY REGION, 2019 (%)
FIGURE 11.U.S. REMOTE DEPOSIT CAPTURE MARKET, 2019-2027 ($MILLION)
FIGURE 12.CANADA REMOTE DEPOSIT CAPTURE MARKET, 2019-2027 ($MILLION)
FIGURE 13.FRANCE REMOTE DEPOSIT CAPTURE MARKET, 2019-2027 ($MILLION)
FIGURE 14.UK REMOTE DEPOSIT CAPTURE MARKET, 2019-2027 ($MILLION)
FIGURE 15.ITALY REMOTE DEPOSIT CAPTURE MARKET, 2019-2027 ($MILLION)
FIGURE 16.SPAIN REMOTE DEPOSIT CAPTURE MARKET, 2019-2027 ($MILLION)
FIGURE 17.REST OF EUROPE REMOTE DEPOSIT CAPTURE MARKET, 2019-2027 ($MILLION)
FIGURE 18.CHINA REMOTE DEPOSIT CAPTURE MARKET, 2019-2027 ($MILLION)
FIGURE 19.JAPAN REMOTE DEPOSIT CAPTURE MARKET, 2019-2027 ($MILLION)
FIGURE 20.INDIA REMOTE DEPOSIT CAPTURE MARKET, 2019-2027 ($MILLION)
FIGURE 21.AUSTRALIA REMOTE DEPOSIT CAPTURE MARKET, 2019-2027 ($MILLION)
FIGURE 22.SOUTHEAST ASIA REMOTE DEPOSIT CAPTURE MARKET, 2019-2027 ($MILLION)
FIGURE 23.REST OF ASIA-PACIFIC REMOTE DEPOSIT CAPTURE MARKET, 2019-2027 ($MILLION)
FIGURE 24.LATIN AMERICA REMOTE DEPOSIT CAPTURE MARKET, 2019-2027 ($MILLION)
FIGURE 25.MIDDLE EAST REMOTE DEPOSIT CAPTURE MARKET, 2019-2027 ($MILLION)
FIGURE 26.AFRICA REMOTE DEPOSIT CAPTURE MARKET, 2019-2027 ($MILLION)

 
 

Remote deposit capture is a technology-based method used in banks and financial institutions to allow end users to submit electronic images of checks in place of paper or original versions. It offers merchants and consumers numerous benefits such as eliminating visit to banks, accelerating check clearing process, improving cash flow, and reducing return item risk. Increase in adoption of remote despite capture in banking has increased significantly, owing to its benefits such as its low processing fees and it helps financial institutions to retain customers. 

North America occupied a major share in the remote deposit capture market in 2019, owing the presence of leading market players, which offer mobile remote deposit capture services to conveniently deposit check through smartphone. However, Asia-Pacific is expected to experience significant growth in the near future, owing to rapid digitalization in the BFSI industry and rise in awareness of RDC technology among people to promote check scanning and electronic clearing services in this region. 

Surge in adoption of remote deposit capture services among banks and financial institutions in Asia-Pacific. The remote deposit capture market is consolidated with the presence of a large number of global vendors such as Finastra, Fiserv, Inc., Jack Henry & Associates, Inc., and NCR Corporation.

 
 

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FREQUENTLY ASKED QUESTIONS?
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A. The Remote Deposit Capture Market is estimated to grow at a CAGR of 6.2% from 2020 to 2027.

A. The Remote Deposit Capture Market is projected to reach $378.08 million by 2027.

A. To get the latest version of sample report

A. Increase in focus of banks, financial institutions, and credit unions on digitalizing check depositing processes, and surge in adoption of mobile deposit services boost the Remote Deposit Capture market growth.

A. The key players profiled in the report include Alogent, Branch Banking & Trust Corporation, Checkalt LLC, CSI Inc., Deluxe Enterprise Operations, EFT NETWORK, Finastra, Fiserv, and many more.

A. On the basis of top growing big corporations, we select top 10 players.

A. The Remote Deposit Capture Market is segmented on the basis of component, deployment type, enterprise size, and region.

A. The key growth strategies of Remote Deposit Capture market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.

A. Solution segment holds a dominant position throughout the forecast period.

A. Small & Medium-Sized Enterprises (SMEs) segment would exhibit the highest CAGR of 7.8% during 2020-2027.

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