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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.
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Remote Deposit Capture Market Worth $378.08 Million By 2027 | CAGR 6.2%
COVID-19 Impact The COVID-19 outbreak is expected to positively impact the growth of global remote deposit capture market trends. This is attributed to significant rise in adoption of contactless payments by end users, to curb the further spread of coronavirus. In addition, banks and financial institutions are providing their customers with options of remote deposit capture services and mobile payments all across the globe to speed up their transaction process, thereby augmenting the growth of the remote deposit capture market. Moreover, rise in COVID-19 patients across the globe has enforced many merchants and individuals to adopt mobile payment options, which boosts growth of the market during the pandemic situation.
Remote Deposit Capture Market Report Highlights By Component By Enterprises By Deployment
By Region North America Asia-Pacific Europe LAMEA