At a CAGR 58.5% | Crypto ATM Market Drivers Shaping Future Growth, Revenue USD 3,557.05 million by 2030

NEW CASTLE, DELAWARE, UNITED STATES, December 13, 2023 /EINPresswire.com/ -- Crypto ATMs provides instant transaction & easier growing demand for cryptocurrencies, thereby driving the growth of the global crypto ATM market. Moreover, crypto ATMs does not require customers to have bank accounts and allow customers to make a single or several transactions via crypto ATM in the market. Moreover, increased adoption of cryptocurrencies among financial institutions & large corporations and growing presence of crypto cards, which accelerate consumer interest to earn rewards in a new way on everyday spending are some of the major trends in the market. Restaurants, bars, general stores, and gas stations are the largest end users that adopted crypto ATMs in their existing businesses.

According to the report published by Allied Market Research, the global crypto ATM market was estimated at $35.80 million in 2020 and is expected to hit $3.55 billion by 2030, registering a CAGR of 58.5% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and varying market trends.

Increasing adoption of cloud in SMEs, surge in need for operational efficiency & transparency in business processes, and rise in demand for cloud among financial companies drive the global crypto ATM market. On the other hand, concerns associated with data security & protection and higher investment & maintenance costs restrain the growth to some extent. However, increase in cloud adoption in developing regions and several technological advancements in the technology are expected to pave the way for lucrative opportunities in the industry.

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COVID-19 Scenario-

Consumers have increasingly invested in cryptocurrencies such as Bitcoin, Ethereum, Dogecoin, and others during the pandemic, which in turn has impacted the global crypto ATM market positively.
This trend is most likely to continue post pandemic as well.

The global crypto ATM market is analyzed across offering, type, coin, and region. By offering, the hardware segment held the highest market share in 2020, holding more than one-fifth of the global market. The software segment, on the other hand, is projected to manifest the fastest CAGR of 61.5% from 2021 to 2030.

By hardware, the display segment contributed to the major share in 2020, accounting for nearly two-fifths of the global crypto ATM market, and is expected to lead the trail during the forecast period. Simultaneously, the ATM printer segment is anticipated to cite the fastest CAGR of 63.9% from 2021 to 2030.

By region, North America held the highest market share in terms of revenue 2020, garnering more than half of the global crypto ATM market. At the same time, the Asia-Pacific region is projected to showcase the fastest CAGR of 64.0% throughout the forecast period. The other provinces discussed in the report include Europe and LAMEA.

The key market players analyzed in the global crypto ATM market report include BITCOIN DEPOT, Cash Cloud, Inc, RockitCoin, GENERAL BYTES s.r.o., Coinsource, Covault, LLC, Bitstop, Genesis Coin Inc., Kurant GmbH, and Lamassu Industries AG. These market players have adhered to several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their flair in the industry.

Key Benefits for Stakeholders

The study provides in-depth analysis of the global crypto ATM market share along with current trends and future estimations to illustrate the imminent investment pockets.
Information about key drivers, restrains, and opportunities and their impact analysis on the global crypto ATM market size are provided in the report.
Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the crypto ATM market.
An extensive analysis of the key segments of the industry helps to understand the crypto ATM market trends.
The quantitative analysis of the global crypto ATM market forecast from 2021 to 2030 is provided to determine the market potential.
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Key Market Segments

By Offering

Hardware
Display
ATM Printer
QR Scanner
Others
Software

By Type

One Way
Two Way

By Coin

Coin
Bitcoin (BTC)
Litecoin
Ethereum (ETH)
Dogecoin
Bitcoin Cash
Dash
Tether (USDT)
Others

By Region

North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Netherlands
Rest of Europe
Asia-Pacific
Hong Kong
Australia
Thailand
Taiwan
Singapore
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

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