Global Crypto Automated Teller Machine ATM Market Strategies 2024, Forecast To 2033
24 Sep, 2024
The crypto automated teller machine (ATM) market has experienced exponential growth, increasing from $0.42 billion in 2023 to $0.55 billion in 2024, with a remarkable CAGR of 32.6%. This surge is fueled by increased cryptocurrency adoption and regulatory developments. The market is projected to continue its rapid expansion, reaching $1.71 billion by 2028 at a CAGR of 32.7%. Major trends driving this growth include enhanced user experiences and advancements in blockchain technology.
Major Driver In The Crypto Automated Teller Machine ATM Market
The rising awareness of cryptocurrencies is set to propel the crypto automated teller machine (ATM) market. With digital currencies like Bitcoin and Ethereum gaining significant media attention, more consumers are becoming interested in these digital assets. Crypto ATMs provide a secure and convenient way to trade cryptocurrencies. According to Security.org, the percentage of American adults owning digital assets grew from 30% in 2023 to 40% in January 2024, translating to approximately 93 million individuals. This rising interest is driving the development of the crypto ATM market.
Request A Free Sample Of The Crypto Automated Teller Machine ATM Market ReportCrypto Automated Teller Machine ATM Market Competitive Landscape
Bitcoin Depot, CoinFlip, Athena Bitcoin, RockItCoin, Bitcoin of America, Coin Cloud, Coinme, Coinsource, Cash Cloud Inc, Bitnovo, Bitaccess, Bitstop, Crypto Dispensers, General Bytes, Genesis Coin , Chainbytes, ByteFederal, Cryptospace, CoinOutlet, Shitcoins Club, Vault Logic, Covault LLC, Kurant GmbH, Instacoin ATM, Lamassu Industries AG
Key Crypto Automated Teller Machine ATM Market Trend
Major players in the crypto ATM market are enhancing customer experiences by integrating ergonomic touchscreens that make transactions more intuitive and efficient. For instance, in February 2022, General Bytes, a leading US manufacturer of Bitcoin and crypto ATMs, unveiled an upgraded version of its BATMTwo model, featuring a larger 10-inch touchscreen. This ergonomic design not only enhances accessibility for vision-impaired users but also offers expanded branding opportunities and improved usability under various lighting conditions.
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Crypto Automated Teller Machine ATM Market Segmentation
The crypto automated teller machine (ATM) market covered in this report is segmented –
1) By Type: One Way, Two Way
2) By Offering: Hardware, Software
3) By Coin: Bitcoin, Litecoin, Ethereum, Dogecoin, Bitcoin Cash, Dash, Tether, Other Coins
By Geography:The regions covered in the crypto automated teller machine (ATM) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the crypto automated teller machine (ATM) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The Crypto Automated Teller Machine ATM Global Market Report 2024 furnishes information about the global crypto automated teller machine atm market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.