COVID-19 is expected to play a key role in the growth of the booming industry

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DUBLIN, January 21, 2022 /PRNewswire/ — The “Crypto ATM Market Size, Share and Trends Analysis Report by Type (One way, Two Way), By Offer, By Coin Type (Bitcoin, Dogecoin, Ethereum, Litecoin), By Application, By Region & Segment Forecast, 2022-2028″ report has been added to from ResearchAndMarkets.com offer.

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The Global Crypto ATM Market Size is Expected to Reach $1.88 billion by 2028, expanding at a CAGR of 59.2% from 2022 to 2028

The growth of the market can be attributed to the steady increase in the number of new cryptocurrency users and the subsequent need for crypto ATMs to convert cryptocurrency into fiat currency. According to statistics provided by TripleA, a cryptocurrency payment company, there were approximately 300 million crypto owners globally in 2021.

Crypto ATMs offer several advantages to cryptocurrency users. They provide cryptocurrency users with easier trading options. Additionally, users are not required to create an account or manage lengthy public keys. Instead, encrypted ATMs automatically generate the receipt for transactions and these receipts contain both private and public keys in the form of QR codes.

Several retailers are trying to provide ATM encryption services to their customers as part of efforts to digitize their offerings while improving the customer experience. For example, in October 2021, Walmart announced a partnership with coin-cashing machine company Coinstar and cryptocurrency exchange provider Coinme. The partnership plans for Walmart to install 200 bitcoin ATMs in its store across the United States

The outbreak of the COVID-19 pandemic is expected to play a decisive role in the growth of the market. Lower access fees and ease of access have encouraged people to increasingly invest in cryptocurrencies during the COVID-19 pandemic. According to the US Consumer Crypto Survey, 48% of Americans purchased cryptocurrencies in the first half of 2021.

Highlights of the Crypto ATM Market Report

  • The one-way segment dominated the market in 2021. Rise in demand for crypto one-way ATMs among customers due to its seamless transaction offerings accentuated the growth of the segment in 2021.

  • Hardware segment dominated the market in 2021. Crypto ATM hardware vendors are focusing on strategic partnerships and mergers and acquisitions to enhance their product offerings

  • The bitcoin segment dominated the market in 2021. The legalization of bitcoin in various countries around the world propelled the growth of the segment in 2021

  • The restaurant and other hospitality space segment dominated the market in 2021. Several hotels around the world are deploying crypto ATMs as part of efforts to meet changing guest needs.

  • The growing use of digital currencies in Asia Pacific countries, such as Australia, Thailand, and Taiwan should stimulate the growth of Asia Pacific regional market

Main topics covered:

Chapter 1 Methodology and Scope
1.1 Research methodology
1.2 Scope of research and assumptions
1.3 List of data sources

Chapter 2 Executive Summary
2.1 Crypto ATM Market Industry Overview and Key Purchase Criteria, 2017-2028
2.2 Global Crypto ATM Market, 2017 – 2028
2.2.1 Global Crypto ATM Market, by Region, 2017 – 2028
2.2.2 Global Crypto ATM Market, by Type, 2017 – 2028
2.2.3 Global Crypto ATM Market, by Offering, 2017 – 2028
2.2.4 Global Crypto ATM Market, by Coin Type, 2017 – 2028
2.2.5 Global Crypto ATM Market, by Application, 2017 – 2028

Chapter 3 Crypto ATM Market Industry Outlook
3.1 Market Segmentation and Scope
3.2 Market Size and Growth Prospects
3.3 Crypto ATM Market Value Chain Analysis
3.4 Crypto ATM Market: Market Dynamics
3.4.1 Market Driver Analysis
3.4.1.1 Rising remittances in developing countries
3.4.1.2 Increase in Crypto ATM Installations
3.4.2 Market Challenges Analysis
3.4.2.1 Data Security and Privacy Issues
3.5 Mapping Penetration and Growth Prospects
3.6 Crypto ATM Market-Porter Five Forces Analysis
3.7 Crypto ATM-PESTEL Market Analysis

Chapter 4 Investment Landscape Analysis
4.1 Key Investor Dashboard
4.2 Analysis of investors’ vision and objectives
4.3 Investment Highlights
4.3.1 Major Venture Capital Investors
4.3.2 Best deals of 2021
4.4 Investor Strategies

Chapter 5 FinTech Industry Highlights
5.1 Overview of the FinTech ecosystem
5.2 FinTech Services Overview
5.3 Total Fintech Investment, 2016-2020 (USD Billion)
5.4 FinTech Regulatory Outlook
5.4.1 Government regulations
5.4.2 Private/associative regulations
5.5 FinTech Company Analysis – GVR Dashboard (Top 50 Companies)

Chapter 6 Crypto ATM Machine Volume Analysis
6.1 North America
6.2 Europe
6.3 Asia Pacific
6.4 Middle East & Africa

Chapter 7 Crypto ATM Market Type Outlook
7.1 Crypto ATM Market Share by Type, 2021
7.2 One way
7.2.1 Crypto ATM Market Share by Type, 2017 – 2028
7.3 Bidirectional
7.3.1 Crypto ATM Market Share by Two-Way Type, 2017 – 2028

Chapter 8 Crypto ATM Market Supply Outlook
8.1 Crypto ATM Market Share by Offer, 2021
8.2 Hardware
8.2.1 Crypto ATM Market Share by Hardware, 2017 – 2028
8.3 Software

Chapter 9 Crypto ATM Market Coin Type Outlook
9.1 Crypto ATM Market Share by Coin Type, 2021
9.2 Bitcoin
9.2.1 Crypto ATM Market Share by Bitcoin, 2017 – 2028
9.3 Dogecoins
9.4 Ethereum
9.5 Litecoin
9.6 Others

Chapter 10 Crypto ATM Market Application Outlook
10.1 Crypto ATM Market Share by Application, 2021
10.2 Commercial Spaces
10.2.1 Crypto ATM Market Share by Trade Spaces, 2017 – 2028
10.3 Restaurants and other hospitality spaces
10.4 Transportation Centers
10.5 Standalone units
10.6 Others

Chapter 11 Crypto ATM Market Regional Outlook
11.1 Crypto ATM Market Share by Region, 2021
11.1.1 Crypto ATM Market, 2017-2028
11.1.2 Crypto ATM Market, by Type, 2017 – 2028
11.1.3 Crypto ATM Market, By Offer, 2017 – 2028
11.1.4 Crypto ATM Market, by Coin Type, 2017 – 2028
11.1.5 Crypto ATM Market, by Application, 2017 – 2028

Chapter 12 Competitive Analysis
12.1 Recent Developments and Impact Analysis, by Major Market Players
12.2 Business categorization
12.3 Vendor Landscape
12.3.1 Key Company Ranking/Company Market Share Analysis, 2021
12.4 Business Analytics Tools
12.4.1 Company Market Position Analysis
12.4.2 Competitive Scorecard Analysis

Chapter 13 Competitive Landscape
13.1 Company Overview
13.2 Financial performance
13.3 Product Benchmarking
13.4 Strategic Initiatives

  • GENERAL BYTES sro

  • Genesis Coin Inc.

  • Lamassu Industries SA

  • Covault

  • Bitaccess Inc.

  • Coinme

  • Coinsource

  • Coin Operated ATM Radar

  • bob

  • Cryptomat

For more information on this report, visit https://www.researchandmarkets.com/r/4t2c8m

Media Contact:

Research and Markets
Laura Wood, senior
[email protected]

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