PUBLISHER: Value Market Research | PRODUCT CODE: 1352863
PUBLISHER: Value Market Research | PRODUCT CODE: 1352863
The global demand for Crypto ATM Market is presumed to reach the market size of nearly USD 6103.74 MN by 2030 from USD 5674.3 MN in 2022 with a CAGR of 58.5% under the study period 2023 - 2030.
The term crypto ATM refers to ATMs from which users can quickly transfer bitcoin. The process entails a person completing the KYC process and then inserting the order money through the crypto ATM. Further, the address of the cryptocurrency wallet to deposit the money is added. Like any other ATM, each transaction has to be confirmed and automatically generates a receipt. These receipts have public and private keys encoded as QR codes for security reasons. Crypto ATMs are highly beneficial as customers can trade more easily through them without creating an account, an online wallet, or dealing with long public keys.
The growth in financial transfers and remittances from developing countries have adopted cryptocurrencies globally. Further, changes in monetary policy and an increase in the number of crypto ATM installations have led to tremendous growth in the crypto ATM market. However, uncertain regulatory status, a lack of defined protocols, low adoption of cryptocurrencies due to a lack of knowledge and understanding, and the expensive cost of Bitcoin ATMs are a few major reasons that are anticipated to restrain the market's development. Nonetheless, numerous additional factors create market opportunities, such as changing monetary regulations, an enormous increase in the number of crypto ATM installations worldwide, and increased remittances and cash transfers in underdeveloped countries.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of crypto atm. The growth and trends of crypto atm industry provide a holistic approach to this study.
This section of the crypto atm market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Crypto ATM market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the crypto atm market include GENERAL BYTES s.r.o., Genesis Coin Inc., Lamassu Industries AG, Covault, Bitaccess Inc., Coinme, Coinsource, Bitstop, Orderbob, Cryptomat. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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