Image

Global Bitcoin Automated Teller Machine (ATM) Market – Industry Trends and Forecast to 2030

ICT

Image

Global Bitcoin Automated Teller Machine (ATM) Market – Industry Trends and Forecast to 2030

  • ICT
  • Upcoming Report
  • May 2023
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Bitcoin Automated Teller Machine (ATM) Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 85.10 Million
Diagram Market Size (Forecast Year) USD 2,717.40 Million
Diagram CAGR %

Major Markets Players

  • Market Players Covered - Detailed list provided

Global Bitcoin Automated Teller Machine (ATM) Market, By Type (One Way, Two Way), Offerings (Hardware, Software), Application (Commercial Spaces, Restaurants and Hospital Spaces, Transportation Hubs, Standalone Units, Others), Component (Solution, Services), Deployment (On-Premise, Cloud-based) – Industry Trends and Forecast to 2030.

Bitcoin Automated Teller Machine (ATM) Market

Bitcoin Automated Teller Machine (ATM) Market Analysis and Size

The bitcoin automated teller machine (ATM) market includes an increase in the rate of digital currency adoption, particularly in developing economies, growing awareness of the mechanism behind cryptocurrencies, their benefits and risks, and the various types of currencies, as well as an increase in the number of bitcoin adopters. The popularity of bitcoin is rising as economies become more digital. Every day, a sizable amount of money is invested in bitcoin, a type of cryptocurrency. By connecting to users' digital wallets, as opposed to traditional automated teller machines (ATM), which connect to your bank account, cryptocurrency ATMs process transactions and send cryptocurrency to users.

Data Bridge Market Research analyses that the bitcoin automated teller machine (ATM) market, valued at USD 85.10 million in 2022, will reach USD 2,717.40 million by 2030, growing at a CAGR of 54.18% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Bitcoin Automated Teller Machine (ATM) Market Scope and Segmentation  

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Type (One Way, Two Way), Offerings (Hardware, Software), Application (Commercial Spaces, Restaurants and Hospital Spaces, Transportation Hubs, Standalone Units, Others), Component (Solution, Services), Deployment (On-Premise, Cloud-based)

Countries Covered

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, South Africa, Egypt, Israel, 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.

Market Players Covered

GENERAL BYTES s.r.o. (Czech Republic), CoinMarketCap. (U.S.), Genesis Coin Inc. (U.S.), Lamassu Industries AG (U.S.), Bitaccess (Canada), Coinme (U.S.), Coinsource  (U.S.), Coin ATM Radar (U.S.), Orderbob (Austria), RUSbit (Russia), Schlandt Automaten GmbH (Germany), Bitstop (U.S.), Kurant Services GmbH. (Germany), RockitCoin. (U.S.), Bitcoin Depot. (U.S.), BCASH (India), Byte Federal, Inc. (U.S.), Invity.io (India), Cryptomathic (Denmark), AnkerPlatfom (U.S.)

Market Opportunities

  • Increasing investments may result in market expansion
  • Bitcoin automated teller machine (ATM) offer immediate transactions and more straightforward trading options

Market Definition

The term "bitcoin automated teller machine (ATM)" refers to a service that makes it simple to trade in this digital currency using an ATM. For security reasons, the automated teller machine (ATM) generates receipts for each transaction, which include public and private keys in the form of QR codes. Users can buy and sell bitcoin at standalone electronic kiosks known as bitcoin automated teller machines (ATMs) in exchange for cash or a debit card. In addition to bitcoin of sale, all bitcoin ATMs also sell other cryptocurrencies.

Bitcoin Automated Teller Machine (ATM) Market Dynamics

Drivers

  • Expanding digitalization could hasten market growth

Rising economic digitization will become a significant market growth driver, especially in emerging economies. ATMs that accept bitcoin are being installed in bars, restaurants, convenience stores, and gas stations at an alarming rate. The global digitalization of economies has fueled numerous innovations in numerous industries. A global challenger to traditional payment methods was unveiled in line with these most recent advancements. Many industries have decided to gradually integrate technology into their operations through the increased global interest in cryptocurrencies and the resulting investment in this new form of payment. As a result, the market for bitcoin automated teller machines grew.

  • Increasing demand for bitcoins creates the need for automated teller machines ATM.

The market's expansion is also being aided by the increasing acceptance of cryptocurrencies across various industries, the quick spread of high-speed internet, and the rise in the number of start-ups making investments in and profiting from cryptocurrencies. Bitcoins are a type of digital currency that has become increasingly popular due to the level of control users have over their assets and earnings. Additionally, many governments worldwide are working to put cryptocurrency ATMs in public areas, which allows the transactions of bitcoins and other digital currencies. For instance, Williston City installed the first cryptocurrency automated teller machine (ATM) at Williston Basin International Airport (XWA) in November. For instance, according to Coin ATM Radar, a map of bitcoin ATMs, as of September 2022, roughly 602 cryptocurrency automated teller machine (ATM) operators had installed nearly 38,609 ATMs across 78 countries.

Opportunities

  • Increasing investments may result in market expansion.

With the increasing global interest in bitcoin and the resulting investment in this new form of payment, many industries have gradually decided to integrate the technology into their operations. As a result, the market for bitcoin automated teller machines grew. Venture capital firms from around the world are heavily investing in bitcoin ATM businesses to aid these companies in enhancing the network of bitcoin automated teller machines (ATM).

  • Bitcoin automated teller machine offers immediate transactions and more straightforward trading options

The instantaneous transactions made possible by cryptocurrency automated teller machines drive the market's expansion. The entire payment amount is immediately spent on the item when cash is inserted into the automatic teller machine for a buy order. Users of the bitcoin automated teller machine can also place sell orders without waiting several days for the cash to arrive at these devices. Additionally, it offers customers simpler trading options and eliminates the need for users to create an account, an online wallet, or deal with lengthy public keys. The customer receipt contains a QR code that can be scanned and instantly recognized by well-known wallet apps, making the transaction process simple. These are the main factors influencing the development of the bitcoin automated teller machine (ATM).

Restraints/Challenges

  • Narrow acceptance of cryptocurrencies as a legal tender

Several countries have rejected accepting cryptocurrencies as legal tender due to their volatility, decentralized nature, perceived threat to current monetary systems, and connections to unauthorized activities like  money laundering and drug trafficking. The digital currency has been outlawed in some nations, while others have attempted to separate it from the banking and financial infrastructure that is required for its use and trading. Bitcoin is essentially illegal in China, Russia, and Vietnam. Any banks or other financial institutions, including payment processors, are not allowed to operate or deal in the Bitcoin market. Additionally, numerous national governments' prohibition of cryptocurrency exchanges restricts the market's growth. 

  • A lack of knowledge can impede market growth.

It is anticipated that a lack of knowledge about cryptocurrencies and blockchain technology may limit the market growth. The higher transaction fees that operators charge their clients are also expected to restrict the market growth. For instance, Coinsource estimates that the typical bitcoin automated teller machine (ATM) fee ranges from 11% to 25% of the transaction. The market's expansion is also constrained by customer support and a shortage of cryptocurrency ATMs. The regulatory status of cryptocurrencies is unclear, and underdeveloped and developing economies lack the necessary technological know-how to expand the market. In addition, the lack of robust infrastructure in developing economies, the small number of ATMs and kiosk locations, and their general accessibility will also pose challenges to the market's 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 localized 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, geographic expansions, technological innovations in the market. To gain more info on the 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.

Recent Developments

  • In 2022, announcing its intention to go public, the cryptocurrency ATMs Bitcoin Depot operator merged with the acquisition firm GSR II Meteora Acquisition Corp. The business will be able to accelerate its growth with this tactic.
  • In 2022, Over 800 locations across Iowa and the Midwest will soon have bitcoin ATMs installed, according to Kwik Trip, which operates as Kwik Star in Illinois and Iowa. The Coinsource bitcoin ATM network, which is based in the United States, enabled this ATM installation.

Global Bitcoin Automated Teller Machine (ATM) Market Scope

The bitcoin automated teller machine (ATM) Market is segmented on the basis of type, offerings, application, component and deployment. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • One Way
  • Two Way

Offerings

  • Hardware
  • Display
  • ATM printer
  • Printer and Quick Response (QR) Scanner
  • Others
  • Software

Application

  • Commercial spaces
  • Restaurants and other hospital spaces
  • Transportation hubs
  • Standalone units
  • Others

Component

  • Solution
  • Services

Deployment

  • On-premise
  • Cloud-based

Bitcoin Automated Teller Machine (ATM) Market Regional Analysis/Insights

The bitcoin automated teller machine (ATM) market is analysed and market size insights and trends are provided by country, type, offerings, application, component and deployment 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, South Africa, Egypt, Israel, 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 market and will continue to flourish its trend of dominance during the forecast period. The major factors attributable to the region’s dominance are the region's countries' significant critical player presence, rising investment in the cryptocurrency market, a sophisticated IT infrastructure predominance, and widespread adoption of bitcoin automated teller machines (ATMs) by a variety of industries.

Asia-Pacific will undergo the highest growth rate during the forecast period owing to the increasing rate of economic digitization. Additionally, the growing awareness of cryptocurrency among consumers in the Asia Pacific is also expected to propel the regional market's growth over the forecast period.

The country section of the 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 down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 are:

  • GENERAL BYTES s.r.o. (Czech Republic)
  • CoinMarketCap (U.S.)
  • Genesis Coin Inc. (U.S.)
  • Lamassu Industries AG (U.S.)
  • Bitaccess (Canada)
  • Coinme (U.S.)
  • Coinsource  (U.S.)
  • Coin ATM Radar (U.S.)
  • Orderbob (Austria)
  • RUSbit (Russia)
  • Schlandt Automaten GmbH (Germany)
  • Bitstop (U.S.)
  • Kurant Services GmbH. (Germany)
  • RockitCoin. (U.S.)
  • Bitcoin Depot. (U.S.)
  • BCASH (India)
  • Byte Federal, Inc.(U.S.)
  • Invity.io (India)
  • Cryptomathic (Denmark)
  • AnkerPlatfom (U.S.)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Get online access to the report on the World's First Market Intelligence Cloud

  • Interactive Data Analysis Dashboard
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
  • Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Request for Demo

FREQUENTLY ASK QUESTIONS

The Bitcoin Automated Teller Machine (ATM) Market is projected to grow at a CAGR of 54.18% during the forecast period by 2030.
The future market value of the Bitcoin Automated Teller Machine (ATM) Market is expected to reach USD 2,717.40 million by 2030.
The major players in the Bitcoin Automated Teller Machine (ATM) Market are GENERAL BYTES s.r.o. (Czech Republic), CoinMarketCap. (U.S.), Genesis Coin Inc. (U.S.), Lamassu Industries AG (U.S.), Bitaccess (Canada), Coinme (U.S.), Coinsource (U.S.), Coin ATM Radar (U.S.), etc.
North America dominates the market and will continue to flourish its trend of dominance during the forecast period by 2030.
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials