The global Crypto ATM Market size is projected to grow at a CAGR of over 20% during the forecast period. The market for Crypto ATMs is growing majorly due to fluctuating monetary regulations and the increasing fund transfers in developing countries. Moreover, the increasing installations of crypto ATMs in bars, restaurants, gas stations, and general stores are also bolstering the growth of the crypto ATM industry. In terms of type, the market for crypto ATMs is categorized into 1 Way and 2 Way.
The 1-way crypto ATM type held the largest market in 2018. However, the 2-way crypto ATM type is projected to witness the fastest growth rate during the forecast period. In terms of hardware, the global crypto ATM industry is categorized into Displays, ATM Printers, QR Scanner, and others. The display category is predicted to account for the largest share of the global crypto ATM market during the forecast period. However, the market for ATM printers is projected to witness the fastest growth during the forecast period.
Taking into account of geographical landscape, the market for crypto ATMs is predicted to be the largest in the North American region. The growth of the North American market is majorly attributable to the presence of a large number of crypto ATM software and hardware providers. Some of the major players in the global crypto ATM market are General Bytes, Genesis Coin, Lamassu, Bitaccess, and Covault among others.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels, and presence of all major collaboration manufacturers across the globe.
TechSci Research calculated the market size of Global Crypto ATM using a bottom-up approach, where data for various applications across various technology were recorded and forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them by analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations, and financial reports were also used by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, the Global CryptoCurrency ATM market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
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