Cryptocurrency ATM Market by Type and Geography - Forecast and Analysis 2022-2026

The predicted growth for the cryptocurrency ATM market share from 2021 to 2026 is USD 2.37 billion at a progressing CAGR of 53.09%.

This cryptocurrency ATM market forecast report extensively covers segmentations by:

• Type - One way and two way
• Geography - North America, Europe, APAC, Middle East and Africa, and South America

This cryptocurrency ATM market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The cryptocurrency ATM market report offers information on several market vendors, including ATM OPS LLC, Bitaccess Inc., Cash Cloud Inc., ChainBytes LLC, Clark, Sharp, and Reynolds LLC, Coinme Inc., Express Systems USA Inc., General Bytes SRO, Genesis Coin Inc., GFT Technologies SE, Kurant GmbH, Lamassu Industries AG, Lux Vending LLC, ORDERBOB, RockItCoin LLC, and RusBit Ltd. among others.

What will the Cryptocurrency ATM Market Size be During the Forecast Period?

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Cryptocurrency ATM Market: Key Drivers, Trends, and Challenges

The increasing number of installations is notably driving the cryptocurrency ATM market growth, although factors such as limited acceptance of cryptocurrencies as a legal tender may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the cryptocurrency ATM industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Cryptocurrency ATM Market Driver

• The increasing number of installations is one of the key drivers supporting the crypto automated teller machine (ATM) market growth.
• Vendors in the global cryptocurrency ATM market are making significant investments in R&D to develop new products and innovative technologies, which are spreading across cryptocurrency ATMs globally.
• Vendors are incorporating various technologies to increase the hash rate and reduce power consumption to make transactions more efficient
• The decreasing value of cryptocurrencies has encouraged the vendors to launch affordable cryptocurrency ATMs to expand their foothold in the growing business.
• For instance, in May 2021, Bitcoin Depot announced the launch of over 350 new cryptocurrency ATMs opening across the US. As of December 30, 2021, approximately 34,000 Bitcoin ATMs are installed globally. Thus, the increasing installation number of new cryptocurrency ATMs will drive the crypto automated teller machine (ATM) market growth during the forecast period.

Key Cryptocurrency ATM Market Trend

• Increasing investments in the cryptocurrency ATM market is one of the key crypto automated teller machine market trends fueling the market growth.
• The key vendors in the global cryptocurrency ATM market are focusing on increasing their hash rates and trying to improve the efficiency of hardware such as cryptocurrency ATMs, which will help companies gain a competitive advantage in the market.
• Vendors in countries such as China are significantly investing in joint ventures and acquisitions to expand their presence in new regions. 
• Cryptocurrency ATMs help in managing the risks and opportunities associated with the digital transaction, helping strengthen control over the capital of the enterprise.
• Cryptocurrency ATMs make it easier to sell orders as traders no longer need to wait for several days to receive cash. This has increased the investment in cryptocurrency ATMs, which will drive the crypto automated teller machine market growth during the forecast period.

Key Cryptocurrency ATM Market Challenge

• Limited acceptance of cryptocurrencies as a legal tender is one of the challenges that is negatively impacting the crypto automated teller machine (ATM) market growth.
• The volatility and decentralized nature of the cryptocurrency has been perceived as a threat to current monetary systems. As a result, the countries such as India, Bangladesh, and China have denied considering cryptocurrencies to be legal tender.
• Some countries have banned digital currency, whereas others have tried to cut off any support from the banking and financial system significant for its trading and use.
• The association of cryptocurrency with illicit activities such as drug trafficking and money laundering is one of the factors responsible for its ban.
• Significantly, banks are prohibited from transacting or dealing in Bitcoin. This, in turn, will challenge the crypto automated teller machine (ATM) market growth during the forecast period.

This cryptocurrency ATM market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global cryptocurrency ATM market as a part of the global technology hardware, storage, and peripherals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the cryptocurrency ATM market during the forecast period.

Who are the Major Cryptocurrency ATM Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• ATM OPS LLC
• Bitaccess Inc.
• Cash Cloud Inc.
• ChainBytes LLC
• Clark, Sharp, and Reynolds LLC
• Coinme Inc.
• Express Systems USA Inc.
• General Bytes SRO
• Genesis Coin Inc.
• GFT Technologies SE
• Kurant GmbH
• Lamassu Industries AG
• Lux Vending LLC
• ORDERBOB
• RockItCoin LLC
• RusBit Ltd.

 

This statistical study of the cryptocurrency ATM market encompasses successful business strategies deployed by the key vendors. The cryptocurrency ATM market is concentrated and the vendors are deploying growth strategies such as reducing the prices of their cryptocurrency ATMs to compete in the market.

Product Insights and News

• Bitaccess Inc. - The company offers cryptocurrency ATMs under the brand names BTM SE, Retrofit, and Genmega, with all-in-one hardware and software solutions. 
• Clark, Sharp, and Reynolds LLC - The company offers cryptocurrency ATMs for quick and convenient cash to crypto transactions. 
• Coinme Inc. - The company offers cryptocurrency ATMs under the brand name Coinstar, which provides a more convenient, safer way to buy bitcoin with cash. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The cryptocurrency ATM market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Cryptocurrency ATM Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the cryptocurrency ATM market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Cryptocurrency ATM Market?

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43% of the market's growth will originate from North America during the forecast period. US, Canada, China, Japan, Germany, and France are the key markets for the cryptocurrency ATM market in North America. Market growth in this region will be faster than the growth of the market in Europe and South America.

The rising investments by vendors to expand their operations will facilitate the cryptocurrency ATM market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The cryptocurrency ATM market in North America witnessed a temporary decline due to the COVID-19 pandemic in 2020. However, some government organizations in the region proposed new regulations to minimize the negative impact of the COVID-19 pandemic on the cryptocurrency ATM market. Also, the initiation of vaccination drives and the lifting of lockdowns have resulted in the resumption of manufacturing cryptocurrency ATMs, which has increased cryptocurrency trading in the region. Thus, such factors will propel the crypto ATM market growth during the forecast period.

What are the Revenue-generating Type Segments in the Cryptocurrency ATM Market?

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The cryptocurrency ATM market share growth by the one way segment will be significant during the forecast period. One way cryptocurrency ATM allows the users to either buy or sell cryptocurrency as they are unidirectional. These ATMs are the safest ways to buy, send, or sell cryptocurrency. Its instant transaction functions help in protecting from Bitcoin's volatility due to its high-tech innovations. A one-way cryptocurrency ATM is more affordable compared to a two-way cryptocurrency ATM. Such factors of one-way cryptocurrency ATM will drive the crypto automated teller machine (ATM) market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the cryptocurrency ATM market size and actionable market insights on post COVID-19 impact on each segment.

 

Cryptocurrency ATM Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 53.09%
Market growth 2022-2026	$ 2.37 billion
Market structure	Concentrated
YoY growth (%)	40.05
Regional analysis	North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution	North America at 43%
Key consumer countries	US, Canada, China, Japan, Germany, and France
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	ATM OPS LLC, Bitaccess Inc., Cash Cloud Inc., ChainBytes LLC, Clark, Sharp, and Reynolds LLC, Coinme Inc., Express Systems USA Inc., General Bytes SRO, Genesis Coin Inc., GFT Technologies SE, Kurant GmbH, Lamassu Industries AG, Lux Vending LLC, ORDERBOB, RockItCoin LLC, and RusBit Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Cryptocurrency ATM Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive cryptocurrency ATM market growth during the next five years
• Precise estimation of the cryptocurrency ATM market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the cryptocurrency ATM industry across North America, Europe, APAC, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of cryptocurrency ATM market vendors

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