The global crypto ATM market is projected to grow at a CAGR of 46.60% to reach US$183.779 million by 2024, from US$18.513 million in 2018. Crypto ATMs are the kiosks which allow a user to exchange their cryptocurrency for cash. The rising popularity of cryptocurrency will drive the demand for crypto ATMs worldwide. In addition, rising installations of these ATMs in the hospitality industry will further boost the demand for these ATMs.
However, uncertain government regulation regarding the use of cryptocurrency due to its volatility will hinder the installation of these automated teller machines. Geographically, the North American and the European region held a significant market share on account of the early adoption of technology and the presence of major market players in the region. Rising disposable income and growing popularity of cryptocurrency will drive the demand of these ATM in the Asia Pacific region over the forecast period.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the global crypto ATM value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the global crypto ATM market.
Major industry players profiled as part of the report are Genesis Coin, Inc., General Bytes, Lamassu, Inc., Bitaccess, Coinsource, Covault, and Mainstreet Automaten GmbH among others.
|Market size value in 2018||US$18.513 million|
|Market size value in 2024||US$183.779 million|
|Growth Rate||CAGR of 46.60% from 2018 to 2024|
|Forecast Unit (Value)||USD Million|
|Segments covered||Type, Component, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Genesis Coin, Inc., General Bytes, Lamassu, Inc., Bitaccess, Coinsource, Covault, Mainstreet Automaten GmbH, GPD Holdings, LLC, Coinme|
|Customization scope||Free report customization with purchase|
The global crypto ATM market has been analyzed through the following segments:
Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What are the growth prospects for crypto ATM market?
A1. The crypto ATM market is projected to grow at a CAGR of 46.60% during the forecast period.
Q2. What is the size of global crypto ATM market?
A2. Crypto ATM market was valued at US$18.513 million in 2018.
Q3. Which region holds the largest market share in the crypto ATM market?
A3. Geographically, the North American and the European region held a significant share in the crypto ATM market on account of the early adoption of technology and the presence of major market players in the region.
Q4. What will be the crypto ATM market size by 2024?
A4. The global crypto ATM market is projected to reach a total market size of US$183.779 million by 2024.
Q5. What factors are anticipated to drive the crypto ATM market growth?
A5. The rising popularity of cryptocurrency will drive the demand for crypto ATMs worldwide.
Genesis Coin, Inc.
Mainstreet Automaten GmbH
GPD Holdings, LLC
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