Industry Background:
The rising popularity of cryptocurrency will help to boost the global crypto ATM market in the forecasted period. It is also called a bitcoin ATM. It looks the same as the normal one and is usually used to either exchange cryptocurrency or can also be used to withdraw money. The customers can load or unload cash so as to buy or sell digital currencies like Bitcoins on ATM. It is a kiosk that permits a person to buy Bitcoin using an automatic teller machine. Some Bitcoin ATMs provide bi-directional functionality that can able to the purchase of Bitcoin and the sale of Bitcoin for cash. These machines are not exactly similar to traditional ATMs but work in the same fashion. Bitcoin ATM kiosks are machines that are connected to the Internet, allowing the insertion of cash or a credit card in exchange for Bitcoin.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | General Bytes (Czech Republic), Genesis Coin (Austalia), Lamassu (Spain), Bitaccess (Canada), Covault (United States), Coinsource (Operator) (United States), Bitxatm (Germany), Coinme (Operator) (United States), Orderbob (Balkans) and Rusbit (Russia) |
This growth is primarily driven by The rising Installations of crypto ATMs in bars, restaurants, general stores, and gas stations and The growing demand due to the fluctuating financial regulations.
Globally, a noticeable market trend is evident The growing popularity of cryptocurrency
The Banks sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as General Bytes (Czech Republic), Genesis Coin (Austalia), Lamassu (Spain), Bitaccess (Canada), Covault (United States), Coinsource (Operator) (United States), Bitxatm (Germany), Coinme (Operator) (United States), Orderbob (Balkans) and Rusbit (Russia), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Influencing Trend:
The growing popularity of cryptocurrency and increasing installations of these ATMs in the hospitality industry
Market Growth Drivers:
The rising Installations of crypto ATMs in bars, restaurants, general stores, and gas stations and The growing demand due to the fluctuating financial regulations
Challenges:
The lack of awareness and technical understanding regarding cryptocurrency
Restraints:
The uncertain regulatory status of cryptocurrencies
Opportunities:
The rising awareness regarding crypto ATM machine and The the acceptance of crypto-currency across various industries and increasing popularity of crypto currency
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Crypto ATM Market
- Analysis about New Entrants in Crypto ATM Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Crypto ATM Study Sheds Light on
The Crypto ATM Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Crypto ATM industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Crypto ATM industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.