Global Bitcoin Automated Teller Machine (ATM) Market, By Type (One Way and Two Way), Automated Teller Machine Hardware (Display, Printer and Quick Response (QR) Scanner), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Bitcoin Automated Teller Machine (ATM) Market
Surge in the rate of penetration of digital currency especially in the developing economies, growing awareness about the crypto currency mechanism, its benefits and risks and various kinds of crypto currencies and surge in number of crypto adopters are the major factors attributable to the growth of the bitcoin automated teller machine (ATM) market. Data Bridge Market Research analyses that the bitcoin automated teller machine (ATM) market will exhibit a CAGR of 57.40% for the forecast period of 2022-2029. Therefore, the bitcoin automated teller machine (ATM) market value would stand tall by USD 1,590.54 million by 2029.
Crypto currency is widely gaining attraction owing to the rising digitization of the economies. Bitcoin is a crypto currency that is seeing large number of investments on daily basis. Bitcoin automated teller machine (ATM) refers to a service that allows trading in this digital currency easily through the automated teller machine (ATM) machine. The automated teller machine (ATM) generates receipts of every transaction performed and these receipts contain public and private keys in the form of QR code for security purpose.
Rising digitization of the economies especially the emerging ones will emerge as the major market growth driving factor. Surging installation of bitcoin automated teller machines (ATM) in bars, restaurants, general stores and gas stations, growing number of investors especially in the developing economies, rising fluctuations in the financial regulations and strengthening IT industry in developing economies such as India and China will further aggravate the growth of the market. Rising acceptance of crypto-currency across various industries, surging proliferation of high speed internet and growth in the number of start-ups increasingly investing in crypto currencies and generating profits are some other factors bolstering the growth of the market.
However, lack of technological expertise in underdeveloped and developing economies and uncertain regulatory status of crypto currencies will act as growth restraints for the market. Also, limited acceptance of crypto currencies as a legal tender will yet again hamper the market growth rate. Lack of strong infrastructural facilities in the backward economies and fewer locations and limited availability of automated teller machine (ATM) and kiosk will also challenge the market growth rate.
This bitcoin automated teller machine (ATM) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on bitcoin automated teller machine (ATM) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Bitcoin Automated Teller Machine (ATM) Market Scope and Market Size
The bitcoin automated teller machine (ATM) market is segmented on the basis of type and automated teller machine hardware. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- The bitcoin automated teller machine (ATM) market on the basis of type has been segmented as one way and two way.
- Based on automated teller machine hardware, bitcoin automated teller machine (ATM) market has been segmented into display, printers and QR scannes.
Global Bitcoin Automated Teller Machine (ATM) Market Country Level Analysis
The bitcoin automated teller machine (ATM) market is analysed and market size, volume information is provided by country, type and automated teller machine hardware as referenced above.
The countries covered in the bitcoin automated teller machine (ATM) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the bitcoin automated teller machine (ATM) market and will continue to flourish its trend of dominance during the forecast period owing to the major presence of key players along with increasing investments in crypto market, prevalence of advanced IT infrastructure and high adoption for bitcoin automated teller machines (ATM) by various industries in countries in the region. Asia-Pacific will continue to undergo substantial gains during the forecast period and will score the highest CAGR. This is because of the increasing rate of digitization of the economies.
The country section of the bitcoin automated teller machine (ATM) market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Bitcoin Automated Teller Machine (ATM) Market Share Analysis
The bitcoin automated teller machine (ATM) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to bitcoin automated teller machine (ATM) market.
Some of the major players operating in the bitcoin automated teller machine (ATM) market GENERAL BYTES s.r.o., CoinMarketCap., Genesis Coin, Lamassu Industries AG, Covault, Bitaccess, Coinme, Coinsource, Coin ATM Radar, Bitxatm, ORDERBOB, RUSbit, Mainstreet Automaten GmbH, BITCOIN DEPOT, Bitstop, Cash Cloud, Inc., Genesis Coin Inc., Kurant GmbH, RockitCoin and Bitcipher Labs LLP among others.
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