Market Overview:
Cryptocurrency ATMs are automated machines that allow users to buy and sell cryptocurrencies for cash. The global crypto ATM market is expected to grow from USD 1.3 billion in 2018 to USD 10.9 billion by 2030, at a CAGR of 31.5% during the forecast period. The growth of the global crypto ATM market can be attributed to the increasing demand for cryptocurrencies and growing acceptance of cryptos as a mode of payment worldwide. The global crypto ATM market is segmented on the basis of type, application, and region. On the basis of type, the market is divided into one-way and two-way ATMs. Two-way ATMs offer both buying and selling options for users, whereas one-way ATMs only allow users to buy cryptocurrencies with cash or debit/credit cards..
Product Definition:
Cryptocurrency ATM is a kiosk or machine that allows customers to buy cryptocurrencies with cash. They are similar to regular ATMs, but also allow for the sale of cryptocurrencies.
One Way:
One Way is a term used in the crypto ATM industry to refer to money transfer from the recipient's account to the sender's account. Crypto ATMs are cashless and operate with digital currency, hence they do not accept cash either from the user or from any other source. One way transactions are carried out between two accounts of cryptocurrency; one sending and another receiving. The transaction can be made between individuals or businesses but it has to be confirmed by both parties before finalizing any transaction.
Two Way:
Two-way is a term used for describing any communication between two endpoints. In the case of crypto ATMs, it refers to the communication between the ATM and its clients (users). Two-way can be either in text or in voice form. The most common way of two-way communication is through SMS and voice call.
The primary function of a two-way system is to allow access control for financial transactions.
Application Insights:
The banking segment dominated the global crypto ATM market in 2017, accounting for over 60.0% share of the total revenue. The growth can be attributed to increased adoption of digital currency at ATMs across banks worldwide. Moreover, growing demand for cost-effective and secure technologies that offer enhanced services to customers is further driving the growth of this segment.
Retail application is expected to witness significant growth over the forecast period owing to increasing adoption of cryptocurrency as a payment method by various retail outlets globally including convenience stores, e-commerce platforms and gaming centers among others.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing adoption of cashless payment systems in countries, such as Japan and China. In 2016, these countries had a combined population of approximately 1.4 billion people out of which only 0.3 billion used digital payment systems on a regular basis while buying goods and services other than government subsidies or basic needs like food and accommodation (Source: World Bank Group). Thus, there was still potential for growth among the remaining population who were open to try out new technologies for making payments through ATMs located in their respective country or region thereby driving demand across this region during the same period.
North America accounted for more than 25% share in 2017 owing to early adoption by U.S.
Growth Factors:
- Increasing demand for cryptocurrencies: The global cryptocurrency market is expected to grow at a CAGR of 31.5% during the forecast period to reach US,957.0 million by 2023. This is mainly due to the increasing acceptance of cryptocurrencies as a mode of payment and investment asset.
- Rising number of crypto users: The total number of cryptocurrency users is estimated to grow from 24 million in 2018 to nearly 150 million by 2024, owing to the increasing popularity and acceptance of cryptocurrencies as an investment option and digital currency worldwide.
- Proliferation of digital currencies: There are over 2,000 different types of digital currencies available in the market today, which is expected to increase further in the coming years owing to the growing popularity and acceptance of blockchain technology across various industries worldwide. This will create more opportunities for growth for crypto ATM operators globally.
- . Increasing venture capital investments: The global venture capital (VC) investments in blockchain startups have increased from US8 million in 2016 to US,858 million in 2018, indicating a significant interest among investors towards this technology-based space.. This is likelyto boostthe overall growth prospectsofcrypto ATMmarketin thenear future .
Scope Of The Report
Report Attributes
Report Details
Report Title
Crypto ATM Market Research Report
By Type
One Way, Two Way
By Application
Banking, Retail, Others
By Companies
General Bytes, Genesis Coin, Lamassu, Bitaccess, Covault, Coinsource (Operator), Bitxatm, Coinme (Operator), Orderbob, Rusbit, General Bytes
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Crypto ATM Market Report Segments:
The global Crypto ATM market is segmented on the basis of:
Types
One Way, Two Way
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Banking, Retail, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- General Bytes
- Genesis Coin
- Lamassu
- Bitaccess
- Covault
- Coinsource (Operator)
- Bitxatm
- Coinme (Operator)
- Orderbob
- Rusbit
- General Bytes
Highlights of The Crypto ATM Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- One Way
- Two Way
- By Application:
- Banking
- Retail
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Crypto ATM Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Crypto ATM is a machine that allows people to buy and sell cryptocurrencies.
Some of the major players in the crypto atm market are General Bytes, Genesis Coin, Lamassu, Bitaccess, Covault, Coinsource (Operator), Bitxatm, Coinme (Operator), Orderbob, Rusbit, General Bytes.
The crypto atm market is expected to register a CAGR of 31.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Crypto ATM Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Crypto ATM Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Crypto ATM Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Crypto ATM Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Crypto ATM Market Size & Forecast, 2020-2028
4.5.1 Crypto ATM Market Size and Y-o-Y Growth
4.5.2 Crypto ATM Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 One Way
5.2.2 Two Way
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Banking
6.2.2 Retail
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Crypto ATM Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Crypto ATM Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 One Way
9.6.2 Two Way
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Banking
9.10.2 Retail
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 One Way
10.6.2 Two Way
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Banking
10.10.2 Retail
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 One Way
11.6.2 Two Way
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Banking
11.10.2 Retail
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 One Way
12.6.2 Two Way
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Banking
12.10.2 Retail
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 One Way
13.6.2 Two Way
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Banking
13.10.2 Retail
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Crypto ATM Market: Competitive Dashboard
14.2 Global Crypto ATM Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 General Bytes
14.3.2 Genesis Coin
14.3.3 Lamassu
14.3.4 Bitaccess
14.3.5 Covault
14.3.6 Coinsource (Operator)
14.3.7 Bitxatm
14.3.8 Coinme (Operator)
14.3.9 Orderbob
14.3.10 Rusbit
14.3.11 General Bytes
