Remote Deposit Capture Market By Manufacturers, Key Regions, Types And Application 2027
Remote Deposit Capture Market
To Reach USD 480 Million By
2026
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Market Summary
The rising smartphone adoption, especially in the
Asia Pacific region is the major factor attributing to
the growth of the Remote Deposit Capture market,
as it leads way for mobile Remote Deposit Capture.
Market Size – USD 184.66 Million in 2018, Market
Growth - CAGR of 10.94%, Market Trends – Rising
smartphone adoption as well as increasing switch
towards cloud based software is the major trend
being observed in the market.
M a Orkuetr S Aumpmparroyach
According to the current analysis of Reports and Data, the global Remote Deposit Capture market was valued at
USD 184.66 Million in 2018 and is projected to grow at a CAGR of 10.94% from 2019 to 2026. Factors affecting the
growth of the Remote Deposit Capture market are the increasing benefits of merchant RDC as well as the
introduction of innovative products and low cost scanners in the market. Another factor that is proliferating the
growth of the market is the rising adoption of smartphones, especially in the Asia Pacific region. This factor is
fostering the pace of growth of the market through the forecasted period.
Remote Deposit Capture refers to a system that allows a used to scan checks and transmit the scanned images to a
bank for posting of the check and clearing it. Banks typically offer RDC to business customers rather than to
individuals. RDC is one of the fastest rising trends in the banking technology, since it allows customers the
convenience of depositing currency from any place with a scanner, computer and internet connectivity. It also
makes those deposited funds available fast enough. For banks, the RDC process by-passes the costly use of paper,
and allows check processing to be completed more rapidly.
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M a r kOeut Sru Ampmparyoach
Further key findings from the report suggest
• The Global Remote Deposit Capture market is forecast to grow at a rate of 10.94% CAGR to reach a
valuation of USD 480 Million in 2026.
• Increasing benefits of merchant RDC as well as the introduction of innovative products and low cost
scanners is one of the major factors attributing to the fast growth of the market.
• Some factors affecting the growth of the software segment is that on premise software is a large
program that needs more demands from the computer`s resources.
• Most of the banks are switching from on premise based software to cloud based software for the
major advantages that they offer.
• Another factor helping the fast growth of the market is the increasing adoption of smartphones in
regions like Asia Pacific. This rising adoption of smartphones is leading to increasing adoption of
mobile RDC, thus fostering the growth of the market.
To identify the key trends in the industry, click on the link below @
https://www.reportsanddata.com/report-detail/remote-deposit-capture-market
M a r kOeut Sru Ampmparyoach
Key participants : New York Mellon Corporation, Branch Banking & Trust Corporation, Citibank,
Mansfield Bank, Bank of America, Metavante Technologies, Inc., Fiserv, Inc., Orange County Business
Bank, Wells Fargo Company, ProfitStars, and WAUSAU Financial Systems.
For the purpose of this study, Reports and Data have segmented the Remote Deposit Capture Market
on the basis of Component, Deployment Type, and Organization Size and Region:
Component (Revenue, USD Million; 2016–2026)
Hardware
Software
Services
Consulting
Maintenance
Others
M a rOkeut rSu Ampmparyoach
Deployment type (Revenue, USD Million; 2016–2026)
Cloud
On-Premise
Organization Size (Revenue, USD Million; 2016–2026)
Small Enterprise
Medium Enterprise
Large Enterprise
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About Us
A b oOuutr U Aspproach
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