Product Code: GVR-4-68039-699-7
Crypto ATM Market Growth & Trends:
The global crypto ATM market size is expected to reach USD 5,451.0 million by 2030, growing at a CAGR of 62.5% from 2023 to 2030, according to a new report by Grand View Research, Inc.. Several countries such as Central African Republic and El Salvador recognize Bitcoin as legal tender which will contribute to the use of crypto ATMs over the forecast period. The market growth can be attributed to the growing use of cryptocurrencies for making payments at several retail stores.
The rise in the number of prominent retail stores installing crypto ATMs is expected to be a major contributor to the growth of the crypto ATM industry. In March 2023, Giant Eagle supermarket's cafe arm under GetGo Cafe + Market announced plans to install online Bitcoin ATMs in more than 125 locations across the U.S. Similarly, prominent chains such as Circle K, 7-Eleven, and Shell have ramped up the demand for online Bitcoin ATMs.
Leading cryptocurrencies' popularity and potential growth prospects are expected to bode well for market growth. According to data provided by Coin ATM Radar, an online Bitcoin ATM information provider, globally, nearly 23 Bitcoin ATMs are installed daily. Thus, the growing use of cryptocurrencies such as Bitcoin and Ethereum is expected to create growth opportunities for the crypto ATM industry over the forecast period.
The outbreak of the COVID-19 pandemic positively impacted the growth of the market for crypto ATMs. Users across the globe are demanding more advanced software in crypto ATMs so that the process of storing, buying, and selling cryptocurrencies can be easy. Furthermore, crypto ATM providers are also focusing on launching advanced software to simplify the process of crypto ATMs for transactions.
Crypto ATM Market Report Highlights:
- In 2022, the one way segment dominated the market, be attributed to the rising demand for one way crypto ATMs for purchasing cryptocurrencies. Several countries have imposed a tax on short-term sales of cryptocurrencies, and the ability to purchase them using cash is a primary driver for the segment's growth
- The hardware segment dominated the market in 2022. The hardware components of a crypto ATM provide the user interface that allows customers to interact with the machine. Hardware components such as secure microcontrollers and cryptographic modules play a critical role in ensuring the security of crypto transactions, which is expected to drive the segment's growth over the forecast period
- The Bitcoin segment dominated the market in 2022. Bitcoin transcends borders and enables faster international transactions than traditional banking systems, making it appealing for businesses engaged in cross-border trade. Moreover, institutional investors view Bitcoin as a potential hedge against inflation and a store of value, driving its adoption.
- The restaurants & other hospitality spaces segment accounted for the maximum market share in 2022. This can be attributed to various food and entertainment outlets' growing deployment of crypto ATMs. Crypto ATMs provide customers with additional payment options and cater to tech-oriented customers who prefer using cryptocurrencies for transactions
- North America dominated the regional market in 2022. The high availability of crypto ATMs in the region bodes well for the regional market's growth. Moreover, the willingness of large-scale businesses to incorporate blockchain and cryptocurrency is expected to drive growth in North America
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Research Methodology
- 1.2 Research Scope and Assumptions
- 1.3 List of Data Sources
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Crypto ATM Market Industry Outlook
- 3.1 Market Segmentation and Scope
- 3.2 Crypto ATM Market - Value Chain Analysis
- 3.3 Crypto ATM Market - Market Dynamics
- 3.3.1 Market driver analysis
- 3.3.1.1 Rising fund transfers in developing countries
- 3.3.1.2 Increasing Installations of Crypto ATMs
- 3.3.2 Market challenge analysis
- 3.3.2.1 Security and data privacy concerns
- 3.4 Crypto ATM Market - Porter's Five Forces Analysis
- 3.5 Crypto ATM Market - PESTEL Analysis
Chapter 4 Investment Landscape Analysis
- 4.1 Key Investor Dashboard
- 4.2 Investors Vision & Goal Analysis
- 4.3 Investment Highlights
- 4.4 Investor Strategies
Chapter 5 FinTech Industry Highlights
- 5.1 FinTech Ecosystem Overview
- 5.2 FinTech Services Overview
- 5.3 Total FinTech Investment, 2017 - 2022 (USD Billion)
- 5.4 FinTech Regulatory Outlook
- 5.4.1 Government Regulations
- 5.4.2 Private/Association 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 Latin America
- 6.5 Middle East & Africa
Chapter 7 Crypto ATM Market Type Outlook
- 7.1 Crypto ATM Market Share By Type, 2022
- 7.2 One Way
- 7.2.1 Crypto ATM market share by one way type, 2017 - 2030
- 7.3 Two Way
- 7.3.1 Crypto ATM market share by two way type, 2017 - 2030
Chapter 8 Crypto ATM Market Offering Outlook
- 8.1 Crypto ATM Market Share By Offering, 2022
- 8.2 Hardware
- 8.2.1 Crypto ATM market share by hardware, 2017 - 2030
- 8.3 Software
- 8.3.1 Crypto ATM market share by software, 2017 - 2030
Chapter 9 Crypto ATM Market Coin Type Outlook
- 9.1 Crypto ATM Market Share By Coin Type, 2022
- 9.2 Bitcoin
- 9.2.1 Crypto ATM market share by Bitcoin, 2017 - 2030
- 9.3 Dogecoin
- 9.3.1 Crypto ATM market share by Dogecoin, 2017 - 2030
- 9.4 Ethereum
- 9.4.1 Crypto ATM Market share by Ethereum, 2017 - 2030
- 9.5 Litecoin
- 9.5.1 Crypto ATM Market share by Litecoin, 2017 - 2030
- 9.6 Others
- 9.6.1 Crypto ATM Market share by others, 2017 - 2030
Chapter 10 Crypto ATM Market Application Outlook
- 10.1 Crypto ATM Market Share By Application, 2022
- 10.2 Commercial Spaces
- 10.2.1 Crypto ATM market share by commercial spaces, 2017 - 2030
- 10.3 Restaurants & Other Hospitality Spaces
- 10.3.1 Crypto ATM market share by restaurants & other hospitality spaces, 2017 - 2030
- 10.4 Transportation Hubs
- 10.4.1 Crypto ATM market share by transportation hubs, 2017 - 2030
- 10.5 Standalone Units
- 10.5.1 Crypto ATM market share by standalone units, 2017 - 2030
- 10.6 Others
- 10.6.1 Crypto ATM market share by others, 2017 - 2030
Chapter 11 Crypto ATM Market Regional Outlook
- 11.1 Crypto ATM Market Share By Region, 2022
- 11.2 North America
- 11.2.1 North America Crypto ATM market, 2017 - 2030
- 11.2.2 North America Crypto ATM market, by type, 2017 - 2030
- 11.2.3 North America Crypto ATM market, by offering, 2017 - 2030
- 11.2.4 North America Crypto ATM market, by coin type, 2017 - 2030
- 11.2.5 North America Crypto ATM market, by application, 2017 - 2030
- 11.2.6 U.S.
- 11.2.6.1 U.S. Crypto ATM market, 2017 - 2030
- 11.2.6.2 U.S. Crypto ATM market, by type, 2017 - 2030
- 11.2.6.3 U.S. Crypto ATM market, by offering, 2017 - 2030
- 11.2.6.4 U.S. Crypto ATM market, by coin type, 2017 - 2030
- 11.2.6.5 U.S. Crypto ATM market, by application, 2017 - 2030
- 11.2.7 Canada
- 11.2.7.1 Canada Crypto ATM market, 2017 - 2030
- 11.2.7.2 Canada Crypto ATM market, by type, 2017 - 2030
- 11.2.7.3 Canada Crypto ATM market, by offering, 2017 - 2030
- 11.2.7.4 Canada Crypto ATM market, by coin type, 2017 - 2030
- 11.2.7.5 Canada Crypto ATM market, by application, 2017 - 2030
- 11.3 Europe
- 11.3.1 Europe Crypto ATM market, 2017 - 2030
- 11.3.2 Europe Crypto ATM market, by type, 2017 - 2030
- 11.3.3 Europe Crypto ATM market, by offering, 2017 - 2030
- 11.3.4 Europe Crypto ATM market, by coin type, 2017 - 2030
- 11.3.5 Europe Crypto ATM market, by application, 2017 - 2030
- 11.3.6 Germany
- 11.3.6.1 Germany Crypto ATM market, 2017 - 2030
- 11.3.6.2 Germany Crypto ATM market, by type, 2017 - 2030
- 11.3.6.3 Germany Crypto ATM market, by offering, 2017 - 2030
- 11.3.6.4 Germany Crypto ATM market, by coin type, 2017 - 2030
- 11.3.6.5 Germany Crypto ATM market, by application, 2017 - 2030
- 11.3.7 UK
- 11.3.7.1 UK Crypto ATM market, 2017 - 2030
- 11.3.7.2 UK Crypto ATM market, by type, 2017 - 2030
- 11.3.7.3 UK Crypto ATM market, by offering, 2017 - 2030
- 11.3.7.4 UK Crypto ATM market, by coin type, 2017 - 2030
- 11.3.7.5 UK Crypto ATM market, by application, 2017 - 2030
- 11.3.8 France
- 11.3.8.1 France Crypto ATM market, 2017 - 2030
- 11.3.8.2 France Crypto ATM market, by type, 2017 - 2030
- 11.3.8.3 France Crypto ATM market, by offering, 2017 - 2030
- 11.3.8.4 France Crypto ATM market, by coin type, 2017 - 2030
- 11.3.8.5 France Crypto ATM market, by application, 2017 - 2030
- 11.4 Asia Pacific
- 11.4.1 Asia Pacific Crypto ATM market, 2017 - 2030
- 11.4.2 Asia Pacific Crypto ATM market, by type, 2017 - 2030
- 11.4.3 Asia Pacific Crypto ATM market, by offering, 2017 - 2030
- 11.4.4 Asia Pacific Crypto ATM market, by coin type, 2017 - 2030
- 11.4.5 Asia Pacific Crypto ATM market, by application, 2017 - 2030
- 11.4.6 Australia
- 11.4.6.1 Australia Crypto ATM market, 2017 - 2030
- 11.4.6.2 Australia Crypto ATM market, by type, 2017 - 2030
- 11.4.6.3 Australia Crypto ATM market, by offering, 2017 - 2030
- 11.4.6.4 Australia Crypto ATM market, by coin type, 2017 - 2030
- 11.4.6.5 Australia Crypto ATM market, by application, 2017 - 2030
- 11.4.7 Thailand
- 11.4.7.1 Thailand Crypto ATM market, 2017 - 2030
- 11.4.7.2 Thailand Crypto ATM market, by type, 2017 - 2030
- 11.4.7.3 Thailand Crypto ATM market, by offering, 2017 - 2030
- 11.4.7.4 Thailand Crypto ATM market, by coin type, 2017 - 2030
- 11.4.7.5 Thailand Crypto ATM market, by application, 2017 - 2030
- 11.4.8 South Korea
- 11.4.8.1 South Korea Crypto ATM market, 2017 - 2030
- 11.4.8.2 South Korea Crypto ATM market, by type, 2017 - 2030
- 11.4.8.3 South Korea Crypto ATM market, by offering, 2017 - 2030
- 11.4.8.4 South Korea Crypto ATM market, by coin type, 2017 - 2030
- 11.4.8.5 South Korea Crypto ATM market, by application, 2017 - 2030
- 11.4.9 Singapore
- 11.4.9.1 Singapore Crypto ATM market, 2017 - 2030
- 11.4.9.2 Singapore Crypto ATM market, by type, 2017 - 2030
- 11.4.9.3 Singapore Crypto ATM market, by offering, 2017 - 2030
- 11.4.9.4 Singapore Crypto ATM market, by coin type, 2017 - 2030
- 11.4.9.5 Singapore Crypto ATM market, by application, 2017 - 2030
- 11.4.10 Taiwan
- 11.4.10.1 Taiwan Crypto ATM market, 2017 - 2030
- 11.4.10.2 Taiwan Crypto ATM market, by type, 2017 - 2030
- 11.4.10.3 Taiwan Crypto ATM market, by offering, 2017 - 2030
- 11.4.10.4 Taiwan Crypto ATM market, by coin type, 2017 - 2030
- 11.4.10.5 Taiwan Crypto ATM market, by application, 2017 - 2030
- 11.5 Latin America
- 11.5.1 Latin America Crypto ATM market, 2017 - 2030
- 11.5.2 Latin America Crypto ATM market, by type, 2017 - 2030
- 11.5.3 Latin America Crypto ATM market, by offering, 2017 - 2030
- 11.5.4 Latin America Crypto ATM market, by coin type, 2017 - 2030
- 11.5.5 Latin America Crypto ATM market, by application, 2017 - 2030
- 11.5.6 Brazil
- 11.5.6.1 Brazil Crypto ATM market, 2017 - 2030
- 11.5.6.2 Brazil Crypto ATM market, by type, 2017 - 2030
- 11.5.6.3 Brazil Crypto ATM market, by offering, 2017 - 2030
- 11.5.6.4 Brazil Crypto ATM market, by coin type, 2017 - 2030
- 11.5.6.5 Brazil Crypto ATM market, by application, 2017 - 2030
- 11.5.7 Mexico
- 11.5.7.1 Mexico Crypto ATM market, 2017 - 2030
- 11.5.7.2 Mexico Crypto ATM market, by type, 2017 - 2030
- 11.5.7.3 Mexico Crypto ATM market, by offering, 2017 - 2030
- 11.5.7.4 Mexico Crypto ATM market, by coin type, 2017 - 2030
- 11.5.7.5 Mexico Crypto ATM market, by application, 2017 - 2030
- 11.6 MEA
- 11.6.1 MEA Crypto ATM market, 2017 - 2030
- 11.6.2 MEA Crypto ATM market, by type, 2017 - 2030
- 11.6.3 MEA Crypto ATM market, by offering, 2017 - 2030
- 11.6.4 MEA Crypto ATM market, by coin type, 2017 - 2030
- 11.6.5 MEA Crypto ATM market, by application, 2017 - 2030
- 11.6.6 UAE
- 11.6.6.1 UAE Crypto ATM market, 2017 - 2030
- 11.6.6.2 UAE Crypto ATM market, by type, 2017 - 2030
- 11.6.6.3 UAE Crypto ATM market, by offering, 2017 - 2030
- 11.6.6.4 UAE Crypto ATM market, by coin type, 2017 - 2030
- 11.6.6.5 UAE Crypto ATM market, by application, 2017 - 2030
- 11.6.7 Kingdom of Saudi Arabia (KSA)
- 11.6.7.1 Kingdom of Saudi Arabia (KSA) Crypto ATM market, 2017 - 2030
- 11.6.7.2 Kingdom of Saudi Arabia (KSA) Crypto ATM market, by type, 2017 - 2030
- 11.6.7.3 Kingdom of Saudi Arabia (KSA) Crypto ATM market, by offering, 2017 - 2030
- 11.6.7.4 Kingdom of Saudi Arabia (KSA) Crypto ATM market, by coin type, 2017 - 2030
- 11.6.7.5 Kingdom of Saudi Arabia (KSA) Crypto ATM market, by application, 2017 - 2030
- 11.6.8 South Africa
- 11.6.8.1 South Africa Crypto ATM market, 2017 - 2030
- 11.6.8.2 South Africa Crypto ATM market, by type, 2017 - 2030
- 11.6.8.3 South Africa Crypto ATM market, by offering, 2017 - 2030
- 11.6.8.4 South Africa Crypto ATM market, by coin type, 2017 - 2030
- 11.6.8.5 South Africa Crypto ATM market, by application, 2017 - 2030
Chapter 12 Competitive Analysis
- 12.1 Recent Developments & Impact Analysis, By Key Market Participants
- 12.2 Company Categorization
- 12.3 Vendor Landscape
- 12.3.1 Key company ranking/company market share analysis, 2022
- 12.4 Company Analysis Tools
- 12.4.1 Company Market Position Analysis
- 12.4.2 Competitive Dashboard Analysis
Chapter 13 Competitive Landscape
- 13.1 GENERAL BYTES s.r.o.
- 13.1.1 Company overview
- 13.1.2 Financial performance
- 13.1.3 Product benchmarking
- 13.1.4 Strategic initiatives
- 13.2 Genesis Coin Inc.
- 13.2.1 Company overview
- 13.2.2 Product benchmarking
- 13.2.3 Strategic initiatives
- 13.3 Lamassu Industries AG
- 13.3.1 Company overview
- 13.3.2 Financial performance
- 13.3.3 Product benchmarking
- 13.3.4 Strategic initiatives
- 13.4 Covault
- 13.4.1 Company overview
- 13.4.2 Financial performance
- 13.4.3 Product benchmarking
- 13.4.4 Strategic initiatives
- 13.5 Bitaccess Inc.
- 13.5.1 Company overview
- 13.5.2 Financial performance
- 13.5.3 Product benchmarking
- 13.5.4 Strategic initiatives
- 13.6 Coinme
- 13.6.1 Company overview
- 13.6.2 Financial performance
- 13.6.3 Product benchmarking
- 13.6.4 Strategic initiatives
- 13.7 Coinsource
- 13.7.1 Company overview
- 13.7.2 Financial performance
- 13.7.3 Product benchmarking
- 13.7.4 Strategic initiatives
- 13.8 Kurant GmbH
- 13.8.1 Company overview
- 13.8.2 Financial performance
- 13.8.3 Product benchmarking
- 13.8.4 Strategic initiatives
- 13.9 Orderbob
- 13.9.1 Company overview
- 13.9.2 Financial performance
- 13.9.3 Product benchmarking
- 13.9.4 Strategic initiatives
- 13.10 Cryptomat
- 13.10.1 Company overview
- 13.10.2 Financial performance
- 13.10.3 Product benchmarking
- 13.10.4 Strategic initiatives