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Global Crypto ATM Market to reach USD 827 billion by 2028

Global Crypto ATM Market Size study, by Type (One Way and Two Way), by Automated Teller Machine Hardware (Display, Printer, QR Scanner), and Regional Forecasts 2022-2028

Product Code: BFBFSI-72617388
Publish Date: 30-04-2022
Page: 200

Global Crypto ATM Market is valued at approximately USD 39.0 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 54.7 % over the forecast period 2022-2028. Crypto ATM is basically used to transfer cryptocurrency easily through an ATM machine. Cryptocurrency is an alternative form of payment to cash, check and credit cards. The rising digital fund transfer has led to the adoption of Crypto ATM across the forecast period. For Instance: according to the International Monetary Fund in 2020, the digital forms of money transfer boons the emerging market and the lower economies, according to the source the adoption of digital money transactions is expanding rapidly over 95 countries, an amount of approximately USD 2 billion transacted through digital modes every day. Increasing installation of Crypto ATMs in bars, restaurants, and general stores etc pushes the growth of the Crypto ATM Market Also, with the increasing acceptance of cryptocurrency across industries., the adoption & demand for Crypto ATMs is likely to increase the market growth during the forecast period. However, lack of awareness and technological knowledge impedes the growth of the market over the forecast period of 2022-2028.

The geographical regions considered for the global Crypto ATM market analysis include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is dominating the region across the world with respect to huge market share due to the presence of large number of crypto ATMs, increasing awareness towards the adoption of digital money transfer etc. Whereas, Asia-Pacific is also estimated to attain a maximum growth rate during 2022-2028. Factors such as rising government initiatives towards the adoption of digitalization in money transfer, growing adoption of online payment methods by bars, restaurants and general stores would create beneficial growth forecasts for the Crypto ATM market across Asia-Pacific region.

Major market players included in this report are:
GENERAL BYTES (Czech Republic)
Genesis Coin (US)
Lamassu (UK)
COVAULT (US)
Bitaccess (Canada)
Coinme (US)
Coinsource (US)
BitXatm (German)
Orderbob (Austria)
RusBit (Russia)

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
One Way
Two Way
By Automatic Teller Machine Hardware:
Display
Printer
QR Scanner
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Crypto ATM Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Global Crypto ATM Market, by Region, 2020-2028 (USD Billion)
1.2.2. Global Crypto ATM Market, by Type, 2020-2028 (USD Billion)
1.2.3. Global Crypto ATM Market, by Automated Teller Machine Hardware, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Crypto ATM Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Crypto ATM Market Dynamics
3.1. Crypto ATM Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Rising digital Fund Transfer
3.1.1.2. Increasing installation of Crypto ATMs in bars, restaurants and general stores etc.
3.1.2. Market Challenges
3.1.2.1. Lack of awareness and technological knowledge
3.1.3. Market Opportunities
3.1.3.1. Increasing acceptance of cryptocurrency across industries
Chapter 4. Global Crypto ATM Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Crypto ATM Market, by Type
6.1. Market Snapshot
6.2. Global Crypto ATM Market by Type, Performance – Potential Analysis
6.3. Global Crypto ATM Market Estimates & Forecasts by Type, 2019-2028 (USD Billion)
6.4. Crypto ATM Market, Sub Segment Analysis
6.4.1. One Way
6.4.2. Two Way
Chapter 7. Global Crypto ATM Market, by Automated Teller Machine Hardware
7.1. Market Snapshot
7.2. Global Crypto ATM Market by Automated Teller Machine Hardware, Performance – Potential Analysis
7.3. Global Crypto ATM Market Estimates & Forecasts by Automated Teller Machine Hardware, 2019-2028 (USD Billion)
7.4. Crypto ATM Market, Sub Segment Analysis
7.4.1. Display
7.4.2. Printer
7.4.3. QR Scanner
Chapter 8. Global Crypto ATM Market, Regional Analysis
8.1. Crypto ATM Market, Regional Market Snapshot
8.2. North America Crypto ATM Market
8.2.1. U.S. Crypto ATM Market
8.2.1.1. Type breakdown estimates & forecasts, 2019-2028
8.2.1.2. Automated Teller Machine Hardware breakdown estimates & forecasts, 2019-2028
8.2.2. Canada Crypto ATM Market
8.3. Europe Crypto ATM Market Snapshot
8.3.1. U.K. Crypto ATM Market
8.3.2. Germany Crypto ATM Market
8.3.3. France Crypto ATM Market
8.3.4. Spain Crypto ATM Market
8.3.5. Italy Crypto ATM Market
8.3.6. Rest of Europe Crypto ATM Market
8.4. Asia-Pacific Crypto ATM Market Snapshot
8.4.1. China Crypto ATM Market
8.4.2. India Crypto ATM Market
8.4.3. Japan Crypto ATM Market
8.4.4. Australia Crypto ATM Market
8.4.5. South Korea Crypto ATM Market
8.4.6. Rest of Asia Pacific Crypto ATM Market
8.5. Latin America Crypto ATM Market Snapshot
8.5.1. Brazil Crypto ATM Market
8.5.2. Mexico Crypto ATM Market
8.6. Rest of The World Crypto ATM Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. GENERAL BYTES (Czech Republic)
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Genesis Coin (US)
9.2.3. Lamassu (UK)
9.2.4. COVAULT (US)
9.2.5. Bitaccess (Canada)
9.2.6. Coinme (US)
9.2.7. Coinsource (US)
9.2.8. BitXatm (German)
9.2.9. Orderbob (Austria)
9.2.10. RusBit (Russia)
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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