Market Overview

Crypto ATM Market - Global Forecast to 2023: Market to Grow at a CAGR of 54.7%

Share:

Dublin, Sept. 04, 2018 (GLOBE NEWSWIRE) -- The "Crypto ATM Market by Type (One Way and Two Way), Automated Teller Machine Hardware (Display, Printer, QR Scanner), and Geography (North America, Europe, Asia Pacific (APAC), Rest of the World (RoW) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The crypto ATM market is expected to grow from USD 16.3 million in 2018 to USD 144.5 million by 2023, at a CAGR of 54.7% from 2018 to 2023.

Growing opportunities in developed markets, such as the US, Germany, and Japan, and increasing acceptance of cryptocurrency across industries are among the factors providing opportunities for the crypto ATM market. However, the uncertain regulatory status of cryptocurrencies, and lack of awareness and technical understanding regarding cryptocurrency are the factors restraining the growth of the crypto ATM market.

The crypto ATM market for ATM printers is expected to grow at the highest CAGR by 2023. Printer in a crypto ATM is an output component. It can dispense receipts as per the ATM application. It is mainly used for printing QR codes. It generates a receipt for every transaction; these receipts contain public and private keys in the form of QR codes.

The market for 2-way crypto ATMs is expected to grow at a higher CAGR from 2018 to 2023 owing to their dual functionality of cryptocurrency trading. A 2-way crypto ATM offers multiple options for trading. In a 2-way ATM, a user can buy cryptocurrencies and also sell them using a single machine. Multifunctionality is propelling the market for 2-way crypto ATMs.

The crypto ATM market in APAC is expected to grow at a significant rate. Growing awareness about cryptocurrencies and increasing crypto mining activities are propelling the market growth in APAC. In addition, optimistic cryptocurrency investors in the country who are ready to make transactions via cryptocurrencies also drives the growth of the crypto ATM market in APAC.

A few key players in the crypto ATM market are as follows: GENERAL BYTES (Czech Republic), Genesis Coin (US), Lamassu (UK), COVAULT (US), Bitaccess (Canada), Coinme (US), Coinsource (US), Bitxatm (German), Orderbob (Austria), and RUSbit (Russia).

This research report segments the global crypto ATM market based on type, ATM hardware, and geography. The report discusses major drivers, restraints, challenges, and opportunities pertaining to the crypto ATM market and also includes value chain and market ranking analysis.

Key Topics Covered:

1 Introduction

2 Research Methodology

2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in Crypto ATM Market
4.2 Crypto ATM Market, By Type, 2018-2023 (USD Million)
4.3 Crypto ATM Market, By Countries and Technology
4.4 Crypto ATM Market, Geographical Snapshot

5 Market Overview

5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Fund Transfers in Developing Countries
5.2.1.2 Fluctuating Monetary Regulations
5.2.1.3 Increasing Installations of Crypto ATMs in Restaurants, Bars, General Stores, and Gas Stations
5.2.2 Restraints
5.2.2.1 Uncertain Regulatory Status of Cryptocurrencies
5.2.2.2 Lack of Awareness and Technical Understanding Regarding Cryptocurrency
5.2.3 Opportunities
5.2.3.1 Significant Growth Opportunities in Developed Markets
5.2.3.2 Acceptance of Cryptocurrency Across Industries
5.2.4 Challenges
5.2.4.1 Concern Regarding Security and Privacy
5.2.4.2 Technical Challenges Pertaining to Scalability
5.3 Value Chain Analysis

6 Crypto ATM Market, By Type

6.1 Introduction
6.2 1 Way
6.3 2 Way

7 Crypto ATM Market, By Hardware

7.1 Introduction
7.2 Display
7.3 ATM Printer
7.4 Qr Scanner
7.5 Others

8 Geographic Analysis

9 Competitive Landscape

9.1 Introduction
9.2 Competitive Analysis
9.3 Crypto ATM Market Ranking Analysis, 2017

10 Company Profiles

10.1 Key Players
10.1.1 General Bytes
10.1.2 Genesis Coin
10.1.3 Lamassu
10.1.4 Bitaccess
10.1.5 Covault
10.1.6 Coinsource (Operator)
10.1.7 Bitxatm
10.1.8 Coinme (Operator)
10.1.9 Orderbob
10.1.10 Rusbit

For more information about this report visit https://www.researchandmarkets.com/research/5n2z4p/crypto_atm_market?w=12

CONTACT: ResearchAndMarkets.com
         Laura Wood, Senior Manager
         press@researchandmarkets.com
         For E.S.T Office Hours Call 1-917-300-0470
         For U.S./CAN Toll Free Call 1-800-526-8630
         For GMT Office Hours Call +353-1-416-8900
Related Topics: ATM

22157.jpg

View Comments and Join the Discussion!
 

Latest Ratings

StockFirmActionPT
AAPLWedbushInitiates Coverage On310.0
DHTJP MorganUpgrades0.0
DISBarclaysUpgrades130.0
DXCMGoldman SachsUpgrades125.0
ORLYJP MorganUpgrades398.0
View the Latest Analytics Ratings
Don't Miss Out!
Join Our Newsletter
Subscribe to:
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
Your weekly roundup of hot topics in the exciting world of fintech.
Thank You
for registering for Benzinga’s newsletters and alerts.
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
• The Market in 5 Minutes email will be received daily between 7am and 8am.
• The Fintech Focus email will be received every Friday between 2pm and 5pm.