As per the report published by Allied Market Research, the global crypto ATM market is anticipated to garner $3.55 billion by 2030, growing at a CAGR of 58.5% from 2021 to 2030. The report highlights the market potential, market characteristics, growth by segmentation, and competitive landscape.

Pramod Borasi, a Research Analyst, BFSI at Allied Market Research, stated, “Rapid adoption of cloud in SMEs, increase in demand for cloud among financial companies, and surge in need for operational efficiency & transparency in business processes have boosted the growth of the global crypto ATM market. However, higher investment & maintenance costs and concerns regarding data security & protection hinder the market growth. On the contrary, technological advancements in cloud and surge in cloud adoption in developing region would open new opportunities in the future.”

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Covid-19 pandemic impact on the market:

  • Before the Covid-19 pandemic, the growth of several cryptocurrencies has been slow but since the Covid-19 outbreak, customers have invested in cryptocurrencies during the pandemic.
  • The world is slowly recovering from the pandemic and thus, the market is expected to continue its growth.

The global crypto ATM market is analyzed across several regions such as Europe, North America, Asia-Pacific, and LAMEA. The market across Asia-Pacific is projected to portray the highest CAGR of 64.0% during the forecast period. In addition, the market across North America would dominate the market in terms of revenue throughout the forecast period.

The global crypto ATM market is divided on the basis of offering, type, and coin.

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Based on offering, the software segment would register the highest CAGR of 61.5% during the forecast period. However, the hardware segment is expected to hold the lion’s share throughout the forecast period.

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On the basis of type, the two way segment is estimated to manifest the highest CAGR of 61.5% during the forecast period. However, the one way segment would hold the largest share during the forecast period.

The global crypto ATM market report includes an in-depth analysis of the major market players such as BITCOIN DEPOT, Cash Cloud, Inc, Bitstop, Covault, LLC, Coinsource, Genesis Coin Inc., GENERAL BYTES s.r.o., Lamassu Industries AG, Kurant GmbH, and RockitCoin.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to offer business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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