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Remote Deposit Capture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Remote deposit capture (RDC) refers to a service offered by banks to manage the check depositing process remotely. It allows the customers to scan checks and transmit scanned images via an encrypted internet connection. It includes scanning the checks, verifying the details and images and sharing the deposits with financial institutions. RDC requires a scanner, an internet connection and a banking service that supports the system and is widely available on tablets, smartphones and computers to deposit checks conveniently. It assists in enhancing cash flow, eliminating trips to the bank, improving business operations, 24/7 availability, reducing risks and improving convenience. As a result, RDC is widely used across small, medium and large enterprises.

 

 
 

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Remote Deposit Capture Market Trends:

The increasing adoption of smartphones across the globe is one of the key factors driving the growth of the market. RDC is widely used among consumers as it provides instant notification for deposited funds and offers high-speed, convenience and hassle-free services. Additionally, the increasing digitization to improve core processing capabilities by eliminating the need to visit banks and remotely depositing gift checks, paychecks and refund checks is favoring the market growth. Moreover, various technological advancements, such as the integration of the Internet of Things (IoT) and artificial intelligence (AI) to make secure payments, provide prompt customer assistance and enhance efficiency, are providing a thrust to the market growth. In line with this, the widespread adoption of data analytics capabilities that enable real-time detection and assist in reducing risks and frauds is positively impacting the market growth. Other factors, including the sudden outbreak of coronavirus (COVID-19) disease and increased awareness of social distancing, along with the implementation of various government initiatives toward digitalization, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global remote deposit capture market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, deployment and enterprises.

Breakup by Component:

 

 
 

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  • Solution
  • Service
     

Breakup by Deployment:

  • On-premises
  • Cloud-based
     

Breakup by Enterprises:

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

Breakup by Region:

 

 
 

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  • 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
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and ProgressSoft Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Component, Deployment, Enterprises, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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 and ProgressSoft Corporation.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Remote Deposit Capture Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Component
    6.1    Solution
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Service
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Deployment
    7.1    On-premises
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Cloud-based
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Enterprises
    8.1    Small and Medium-sized Enterprises (SMEs)
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Large Enterprises
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Alogent
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    Checkalt LLC
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Digital Check Corp.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    EFT Network
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    FIS
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    Fiserv Inc.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Jack Henry & Associates Inc.
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    Jaguar Software
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    Mitek Systems Inc.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
        14.3.10    NCR Corporation
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
           14.3.10.4 SWOT Analysis
        14.3.11    Northern Trust Corporation
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis
        14.3.12    ProgressSoft Corporation
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Remote Deposit Capture Market: Major Drivers and Challenges
Figure 2: Global: Remote Deposit Capture Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Remote Deposit Capture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Remote Deposit Capture Market: Breakup by Component (in %), 2021
Figure 5: Global: Remote Deposit Capture Market: Breakup by Deployment (in %), 2021
Figure 6: Global: Remote Deposit Capture Market: Breakup by Enterprises (in %), 2021
Figure 7: Global: Remote Deposit Capture Market: Breakup by Region (in %), 2021
Figure 8: Global: Remote Deposit Capture (Solution) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Remote Deposit Capture (Solution) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Remote Deposit Capture (Service) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Remote Deposit Capture (Service) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Remote Deposit Capture (On-premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Remote Deposit Capture (On-premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Remote Deposit Capture (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Remote Deposit Capture (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Remote Deposit Capture (Small and Medium-sized Enterprises-SMEs) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Remote Deposit Capture (Small and Medium-sized Enterprises-SMEs) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Remote Deposit Capture (Large Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Remote Deposit Capture (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: North America: Remote Deposit Capture Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: North America: Remote Deposit Capture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: United States: Remote Deposit Capture Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: United States: Remote Deposit Capture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Canada: Remote Deposit Capture Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Canada: Remote Deposit Capture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Asia-Pacific: Remote Deposit Capture Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Asia-Pacific: Remote Deposit Capture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: China: Remote Deposit Capture Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: China: Remote Deposit Capture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Japan: Remote Deposit Capture Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Japan: Remote Deposit Capture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: India: Remote Deposit Capture Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: India: Remote Deposit Capture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: South Korea: Remote Deposit Capture Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: South Korea: Remote Deposit Capture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Australia: Remote Deposit Capture Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Australia: Remote Deposit Capture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Indonesia: Remote Deposit Capture Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Indonesia: Remote Deposit Capture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Others: Remote Deposit Capture Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Others: Remote Deposit Capture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Europe: Remote Deposit Capture Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Europe: Remote Deposit Capture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Germany: Remote Deposit Capture Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Germany: Remote Deposit Capture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: France: Remote Deposit Capture Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: France: Remote Deposit Capture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: United Kingdom: Remote Deposit Capture Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: United Kingdom: Remote Deposit Capture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Italy: Remote Deposit Capture Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Italy: Remote Deposit Capture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Spain: Remote Deposit Capture Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Spain: Remote Deposit Capture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Russia: Remote Deposit Capture Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Russia: Remote Deposit Capture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Others: Remote Deposit Capture Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Others: Remote Deposit Capture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Latin America: Remote Deposit Capture Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Latin America: Remote Deposit Capture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Brazil: Remote Deposit Capture Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Brazil: Remote Deposit Capture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Mexico: Remote Deposit Capture Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Mexico: Remote Deposit Capture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Others: Remote Deposit Capture Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Others: Remote Deposit Capture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Middle East and Africa: Remote Deposit Capture Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Middle East and Africa: Remote Deposit Capture Market: Breakup by Country (in %), 2021
Figure 68: Middle East and Africa: Remote Deposit Capture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Global: Remote Deposit Capture Industry: SWOT Analysis
Figure 70: Global: Remote Deposit Capture Industry: Value Chain Analysis
Figure 71: Global: Remote Deposit Capture Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Remote Deposit Capture Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Remote Deposit Capture Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Remote Deposit Capture Market Forecast: Breakup by Deployment (in Million US$), 2022-2027
Table 4: Global: Remote Deposit Capture Market Forecast: Breakup by Enterprises (in Million US$), 2022-2027
Table 5: Global: Remote Deposit Capture Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Remote Deposit Capture Market: Competitive Structure
Table 7: Global: Remote Deposit Capture Market: Key Players

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Key Questions Answered in This Report

The global remote deposit capture market was valued at US$ 270.1 Million in 2021.

We expect the global remote deposit capture market to exhibit a CAGR of 7.70% during 2022-2027.

The rising integration of IoT and artificial intelligence to make secure payments, provide prompt customer assistance, and enhance efficiency of financial transactions, is currently driving the global remote deposit capture market.

The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of remote deposit capture service in the banking sector to remotely deposit cheques and eliminate the need to visit banks for combating the risk of the coronavirus infection.

Based on the component, the global remote deposit capture market can be categorized into solution and service. Currently, solution exhibits a clear dominance in the market.

Based on the deployment, the global remote deposit capture market has been segmented into on-premises and cloud-based, where on-premises currently represent the largest market share.

Based on the enterprises, the global remote deposit capture market can be bifurcated into Small and Medium-sized Enterprises (SMEs) and large enterprises, where Small and Medium-sized Enterprises (SMEs) currently account for the majority of the global market share.

On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America, where North America currently dominates the global market.

Some of the major players in the global remote deposit capture market include 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, and ProgressSoft Corporation.

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