Press release
Global Crypto Automated Teller Machine (ATM) Market Projected to Surpass $2.26 Billion by 2029 with 32.6% Annual Growth
What industry-specific factors are fueling the growth of the crypto automated teller machine (atm) market?The growing awareness of cryptocurrency is expected to boost the growth of the crypto automated teller machine (ATM) market. As more people become familiar with cryptocurrencies like Bitcoin and Ethereum, the demand for crypto ATMs rises. These machines enable users to buy and sell digital assets quickly and securely. In January 2024, Security.org reported that cryptocurrency awareness in the U.S. increased, with 40% of adults owning digital assets. This growing awareness is fueling the crypto ATM market.
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What Is the projected market size and growth rate for the crypto automated teller machine (atm) market?
The crypto automated teller machine (ATM) market has grown exponentially in recent years. It will rise from $0.55 billion in 2024 to $0.73 billion in 2025, reflecting a CAGR of 32.9%. This surge is driven by the increasing adoption of cryptocurrency, a rising number of Bitcoin transactions, regulatory developments, expanding ATM networks, and greater public awareness and education.
The crypto ATM market is expected to grow exponentially to $2.26 billion by 2029 at a CAGR of 32.6%. Growth drivers include cryptocurrency adoption, expansion into emerging markets, regulatory support, institutional investment, and strategic partnerships. Trends include enhanced user experience, DeFi platform integration, technological innovations, blockchain advancements, and increased security.
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What new trends are reshaping the crypto automated teller machine (atm) market and its opportunities?
Companies in the crypto ATM market are enhancing customer experiences by upgrading user interfaces, like ergonomic touchscreens, to make transactions smoother. For example, in February 2022, General Bytes launched an upgraded version of its BATMTwo ATM model, featuring a larger, 10-inch ergonomic touchscreen. This upgrade provides better accessibility for users, including those with vision impairments, and improves usability in various lighting conditions.
What major market segments define the scope and growth of the crypto automated teller machine (atm) market?
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
Subsegments:
1) By One Way: Crypto-To-Fiat Transactions, Transaction Fees, Supported Cryptocurrencies
2) By Two Way: Fiat-To-Crypto Transactions, Crypto-To-Fiat Transactions, Supported Cryptocurrencies, Features
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Which region dominates the crypto automated teller machine (atm) market?
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 regions covered in the crypto automated teller machine (ATM) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the crypto automated teller machine (atm) industry growth?
Major companies operating in the crypto automated teller machine (ATM) market are 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
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What Is Covered In The Crypto Automated Teller Machine (ATM) Global Market Report?
•Market Size Forecast: Examine the crypto automated teller machine (atm) market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the crypto automated teller machine (atm) market for a structured understanding.
•Key Players Overview: Analyze major players in the crypto automated teller machine (atm) market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the crypto automated teller machine (atm) market.
•Segment Contributions: Evaluate how different segments drive overall growth in the crypto automated teller machine (atm) market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the crypto automated teller machine (atm) market.
•Industry Challenges: Identify potential risks and obstacles affecting the crypto automated teller machine (atm) market.
•Competitive Landscape: Review strategic developments in the crypto automated teller machine (atm) market, including expansions, agreements, and new product launches.
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