Cryptocurrency ATM Market Size to Grow by USD 2.37 billion | North America to Notice Maximum Growth | Technavio – 69News WFMZ-TV

Cryptocurrency ATM Market Size to Grow by USD 2.37 billion | North America to Notice Maximum Growth | Technavio – 69News WFMZ-TV

Blockchain Crypto Market Technology
May 26, 2022 by Coinvasity
31
Mostly cloudy and cool with a spotty shower, but most of the day is dry. . Mostly cloudy and muggier with a shower or two. Updated: May 25, 2022 @ 11:47 pmTechnavio has announced its latest market research report titled Cryptocurrency ATM Market by Type and Geography – Forecast and Analysis 2022-2026Technavio (PRNewsfoto/Technavio) Technavio has
wp-header-logo-348.png

Mostly cloudy and cool with a spotty shower, but most of the day is dry. .
Mostly cloudy and muggier with a shower or two.
Updated: May 25, 2022 @ 11:47 pm
Technavio has announced its latest market research report titled Cryptocurrency ATM Market by Type and Geography – Forecast and Analysis 2022-2026
Technavio (PRNewsfoto/Technavio)

Technavio has announced its latest market research report titled Cryptocurrency ATM Market by Type and Geography – Forecast and Analysis 2022-2026
Technavio (PRNewsfoto/Technavio)
NEW YORK, May 25, 2022 /PRNewswire/ — The cryptocurrency ATM market size is expected to grow by USD 2.37 billion from 2021 to 2026. Moreover, the growth momentum of the market will accelerate at a CAGR of 53.09% during this period. The increasing number of installations is driving the cryptocurrency ATM market growth. However, factors such as limited acceptance of cryptocurrencies as a legal tender may challenge the market growth.

Know more about market dynamics. Request a Sample Report
Cryptocurrency ATM Market: Driver
The increasing number of installations is driving the crypto automated teller machine (ATM) market growth. Vendors are investing significantly in R&D to develop innovative products and technologies. They are also launching affordable cryptocurrency ATMs to expand their foothold. For instance, in May 2021, Bitcoin Depot announced the launch of over 350 new cryptocurrency ATMs opening across the US. Thus, the increasing installation number of new cryptocurrency ATMs will drive the crypto automated teller machine (ATM) market growth during the forecast period.
To learn more about other drivers and their impact on the market, View an Exclusive Sample Report
Cryptocurrency ATM Market: Segmentation by Type
Based on the segmentation by type, the market has been segmented into one way and two way. The one-way segment will have significant market share growth during the forecast period. The growth of this segment is attributed to the fact that A one-way cryptocurrency ATM is more affordable compared to a two-way cryptocurrency ATM. A one-way cryptocurrency ATM allows users to buy or sell cryptocurrency. These ATMs are the safest ways to buy, send, or sell cryptocurrency.
Cryptocurrency ATM Market: Segmentation by Geography
Based on segmentation by geography, the market has been segmented into North America, Europe, APAC, the Middle East and Africa, and South America. North America will have the highest market share growth during the forecast period. The rising investments by vendors to expand their operations will drive the growth of the cryptocurrency ATM market in North America during the forecast period. Market growth in this region will be faster than the growth of the market in Europe and South America. The US, Canada, China, Japan, Germany, and France are the key countries for the cryptocurrency ATM market in North America.
Cryptocurrency ATM Market: Major Vendors
The cryptocurrency ATM market report provides 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.
The cryptocurrency ATM market is concentrated, and the vendors are deploying organic and inorganic growth strategies to compete in the market. It includes a few international players and a considerable number of small-scale participants regionally. However, due to the fluctuating prices of cryptocurrencies, various enterprises are closing their operations as it is becoming difficult to operate in a profitable way. As a result, vendors are reducing the prices of their cryptocurrency ATMs to increase the adoption of the same. At the same time, the reduced prices of cryptocurrency ATMs can affect the revenue of the vendors in the market.
Along with the market data, Technavio offers customizations as per the specific needs of companies. Speak to our Analyst for a Customized Report
Related Reports:
Voice User Interface Market by Product and Geography – Forecast and Analysis 2022-2026
Voice Commerce Market by Application and Geography – Forecast and Analysis 2022-2026
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
USD 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.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/cryptocurrency-atm-market-size-to-grow-by-usd-2-37-billion–north-america-to-notice-maximum-growth–technavio-301553885.html
SOURCE Technavio

Brand New App to watch all of WFMZ-TV News and Syndicated Programing 24/7 on your Streaming App enabled TV.

source

Add a comment