Cryptocurrency ATM Market, By Revenue Source, Cryptocurrency Type, and Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast, 2022 - 2028
Cryptocurrency ATM market refers to the business through the deployment of internet machine that enables exchange of digital currencies and conventional currencies. In some cases, these transactions require users to have existing accounts with the operator. Moreover, some of these machines are featured to support multiple exchanges and wallets, and can be programmed to support any national currency of multiple denominations. Substantial increase in the popularity of these digital assets is among the chief industry growth drivers, and witness CAGR of 45.8% over the forecast period (2022-2028).
Market Dynamics
Growth of over 200% Digital currency market capital witnessed from March 2015 to March 2021, according to CoinMarketCap. Moreover, according to Coherent Market analysis, the valuation is expected to witness growth of over 600% in 2017 with respect to the previous year. Requirement to provide easy transaction means and the associated profit will present substantial growth potential over the forecast period. Furthermore, ease of deployment at any outlet, ease of accountability, secured transaction ability (owing to utilization of blockchain technology) and anonymity are among its major advantages. However, high initial deployment costs and regulations are among the chief drawbacks that will continue to hamper the industry growth through the forecast period. For instance, China, Russia, Bangladesh are among the few countries that have witnessed bans and introduction of stringent regulations to restrict the utilization of these digital assets.
Market Taxonomy
This report segments the global cryptocurrency ATM market on the basis of revenue source and cryptocurrency type. On the basis of the revenue source the industry is bifurcated into new installation and revenue through other sources. New installation is further segmented into one-way and two-way ATM based on the transaction types. For in depth analysis revenue through other sources is further categorized into transaction commissions, server utilization, technical support & other services (software upgradation, software installation, extra developments/software customization, layout customization). Based on the cryptocurrency type, the cryptocurrency ATM market is classified into Bitcoin, Litecoin, Dash, Ether, Dogecoin and other cryptocurrencies.
Key features of the study:
This report provides an in-depth analysis of cryptocurrency ATM market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) over the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new launches, regional outlook, and competitive strategy adopted by the leading players
It profiles leading players in the global cryptocurrency ATM market based on the following parameters –company overview, financial performance, business focus, geographical presence, financial performance, key developments and strategies, and future plans
Key companies covered as a part of this study include Genesis Coin, General Bytes, Lamassu, Bit Access, Covault, BitXatm, BTC facil, BitTeller, Skyhook, and LocalBitcoins.
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future business propositions, technology up-gradation, market expansion and marketing tactics
The global cryptocurrency ATM market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the cryptocurrency ATM market
Detailed Segmentation:
Global Cryptocurrency ATM Market, By Revenue Source:
New Installations
One-way ATM
Two-way ATM
Revenue through other sources
Transaction Commissions
Server utilization
Technical support & other services (software upgradation, software installation, extra developments/software customization, layout customization)
Global Cryptocurrency ATM Market, By Cryptocurrency Type:
Bitcoin
Litecoin
Dash
Ether
Dogecoin
Other cryptocurrencies
Global Cryptocurrency ATM Market, By Geography:
North America
By Revenue Source:
New Installations
One-way ATM
Two-way ATM
By Cryptocurrency Type:
Bitcoin
Litecoin
Dash
Ether
Dogecoin
Other cryptocurrencies
U.S.
Canada
Europe
By Revenue Source:
New Installations
One-way ATM
Two-way ATM
By Cryptocurrency Type:
Bitcoin
Litecoin
Dash
Ether
Dogecoin
Other cryptocurrencies
UK
Austria
Spain
France
Italy
Switzerland
Rest of Europe
Asia Pacific
By Revenue Source:
New Installations
One-way ATM
Two-way ATM
By Cryptocurrency Type:
Bitcoin
Litecoin
Dash
Ether
Dogecoin
Other cryptocurrencies
China
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
By Revenue Source:
New Installations
One-way ATM
Two-way ATM
By Cryptocurrency Type:
Bitcoin
Litecoin
Dash
Ether
Dogecoin
Other cryptocurrencies
Brazil
Mexico
Rest of Latin America
Middle East
By Revenue Source:
New Installations
One-way ATM
Two-way ATM
By Cryptocurrency Type:
Bitcoin
Litecoin
Dash
Ether
Dogecoin
Other cryptocurrencies
GCC
Israel
Rest of Middle East
Africa
By Revenue Source:
New Installations
One-way ATM
Two-way ATM
By Cryptocurrency Type:
Bitcoin
Litecoin
Dash
Ether
Dogecoin
Other cryptocurrencies
Central Africa
South Africa
North Africa
Company Profiles
Genesis Coin*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
General Bytes
Lamassu
Bit Access
Covault
BitXatm
BTC facil
BitTeller
Skyhook
LocalBitcoins
Available Customizations
Cryptocurrency Market
Cryptocurrency Payment Market
Cryptocurrency Wallet Market
“*” marked represents similar segmentation in other categories in the respective section.
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