Smart Finance Hardware Market Report 2026

The smart finance hardware market size has grown strongly in recent years. It will grow from $18.7 billion in 2025 to $19.74 billion in 2026 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to expansion of digital banking infrastructure, rising adoption of electronic payment systems, increased deployment of ATMs and POS devices, growing demand for secure transaction hardware, advancements in sensor technologies.

The smart finance hardware market size is expected to see strong growth in the next few years. It will grow to $24.61 billion in 2030 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to increasing demand for hardware-based security solutions, rising investments in fintech infrastructure, expansion of cashless economies, growing adoption of biometric-enabled finance devices, increasing regulatory focus on transaction security. Major trends in the forecast period include increasing deployment of smart payment terminals, rising adoption of biometric authentication hardware, growing integration of secure hardware modules, expansion of contactless financial devices, enhanced focus on hardware-level fraud prevention.

The increasing adoption of contactless payments is anticipated to drive the growth of the smart finance hardware market in the future. Contactless payments refer to a transaction method where payment is initiated without the need to physically swipe or insert a payment card into a terminal. Smart finance hardware serves as the foundation of contactless payment systems, facilitating secure, convenient, and efficient transactions for both consumers and businesses. This category of hardware includes various devices such as contactless cards, wearables (like smartwatches and fitness trackers), and even phone cases equipped with NFC (near-field communication) technology, all of which support contactless payments. For example, in July 2024, UK Finance Limited, a trade association based in the UK, reported that the country recorded a total of 18.3 billion contactless payments in 2023, reflecting a seven percent increase from 17 billion in 2022. Contactless payments accounted for 38 percent of all transactions in the UK. Consequently, the rising adoption of contactless payments is fueling the growth of the smart finance hardware market.

Major companies in the market are directing their efforts towards innovative solutions, such as smart financial cameras. These devices integrate advanced imaging technologies with artificial intelligence algorithms, focusing on financial applications rather than traditional surveillance or security purposes. For instance, Tinkoff Bank introduced a smart financial camera in December 2023. This device employs computer vision and natural language processing technologies to recognize various objects and financial information, allowing users to make transfers, payments, and support charitable foundations through the Tinkoff mobile application. The camera's capabilities include recognizing bank details without QR codes, transferring funds using phone numbers, and scanning various QR codes. Additionally, it can scan restaurant checks, store receipts for cashback, and potentially scan bank cards in the future.

In March 2023, Fanhua Inc., a China-based independent financial services company, acquired a majority stake in Zhongrong Smart Finance Information Technology Co., Ltd. This acquisition supports Fanhua's commitment to leveraging technology-driven digital platforms and empowering stakeholders in the insurance industry. Zhongrong Smart Finance Information Technology Co. Ltd. specializes in providing smart finance hardware products and services in China.

Major companies operating in the smart finance hardware market are Fujitsu Limited, Thales Group, Infineon Technologies AG, NCR Corporation, Diebold Nixdorf Incorporated, Zebra Technologies Corporation, PAX Global Technology Ltd., Newland Digital Technology Co Ltd, Verifone Systems Inc, Posiflex Technology Inc, Bluebird Inc, Castles Technology Co Ltd, BIXOLON, Uniform Industrial Corporation, Dejavoo Systems, SumUp Inc, Hyosung TNS, GRG Banking, Hitachi Ltd, OKI Electric Industry Co Ltd, Nautilus Hyosung America, KT Corporation.

North America was the largest region in the smart finance hardware market in 2025. The regions covered in the smart finance hardware market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the smart finance hardware market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The smart finance hardware market consists of revenues earned by entities by providing services such as secure transactions, asset management, expense tracking, financial planning, identity verification, and cryptocurrency management. The market value includes the value of related goods sold by the service provider or included within the service offering. The smart finance hardware market also includes sales of biometric payment devices, cryptocurrency hardware wallets, smart ATMs (automated teller machines), payment wearables, and smart cards. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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