header banner
Default

Expecting a Soaring Market Size, Crypto ATM Prospects Are on the Rise | Taiwan News | 2023-11-01 07:30:34


Crypto ATM Prospects on the Rise Anticipating Market Size’s Soaring Outlook

Report Ocean has released a research study titled “Crypto ATM Market 2023 Forecast to 2031 Analysis by Market Trends.” This study offers precise economic forecasts, global assessments, and country-level insights. It provides a comprehensive view of the competitive market and includes an in-depth supply chain analysis to identify significant industry changes. The study explores the current market status, anticipated future growth, technological advancements, investment opportunities, market economics, and financial data. It thoroughly examines the market and offers insights based on a SWOT analysis of the industry.

Crypto ATM Market is valued at approximately USD 39.0 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 54.7 % over the forecast period 2022-2028. Crypto ATM is basically used to transfer cryptocurrency easily through an ATM machine. Cryptocurrency is an alternative form of payment to cash, check and credit cards. The rising digital fund transfer has led to the adoption of Crypto ATM across the forecast period. For Instance: according to the International Monetary Fund in 2020, the digital forms of money transfer boons the emerging market and the lower economies, according to the source the adoption of digital money transactions is expanding rapidly over 95 countries, an amount of approximately USD 2 billion transacted through digital modes every day.

Request To Download Free Sample of This Strategic Report @https://reportocean.com/industry-verticals/sample-request?report_id=bw6325

Increasing installation of Crypto ATMs in bars, restaurants, and general stores etc pushes the growth of the Crypto ATM Market Also, with the increasing acceptance of cryptocurrency across industries., the adoption & demand for Crypto ATMs is likely to increase the market growth during the forecast period. However, lack of awareness and technological knowledge impedes the growth of the market over the forecast period of 2022-2028.

Major market players included in this report are:

VIDEO: Bloomberg Crypto 11/15/2023
Bloomberg Television

GENERAL BYTES (Czech Republic)

Genesis Coin (US)

Lamassu (UK)

COVAULT (US)

Bitaccess (Canada)

Coinme (US)

Coinsource (US)

BitXatm (German)

Orderbob (Austria)

RusBit (Russia)

Download Free Sample of This Strategic Report with Industry Analysis @https://reportocean.com/industry-verticals/sample-request?report_id=bw6325

Crypto ATM Market Trends:

  • Global Expansion: The crypto ATM market is witnessing rapid global expansion, with an increasing number of machines installed in various countries, facilitating access to cryptocurrencies for a broader audience.
  • Diversification of Cryptocurrencies: Crypto ATMs are offering support for a wider range of cryptocurrencies, beyond Bitcoin, including Ethereum, Litecoin, and various altcoins, to meet diverse customer preferences.
  • Two-Way ATMs: Two-way crypto ATMs, allowing users to both buy and sell cryptocurrencies, are growing in popularity, offering increased flexibility and functionality.
  • Compliance and Regulation: The industry is adapting to evolving cryptocurrency regulations, with many crypto ATM operators implementing KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures to meet legal requirements.
  • Integration with Mobile Wallets: Crypto ATMs are increasingly integrated with mobile wallet apps, simplifying the buying and selling process and providing a seamless user experience.
  • Increased Security Features: Enhanced security measures, including biometric authentication, are being incorporated into crypto ATMs to protect against fraud and unauthorized transactions.
  • Educational Initiatives: Crypto ATM operators are providing educational resources to users, including tutorials and information about cryptocurrencies, to improve awareness and understanding.
  • Sustainability Efforts: Some crypto ATM operators are exploring sustainable options, such as renewable energy sources and reduced energy consumption, aligning with environmental sustainability goals.

The detailed segments and sub-segment of the market are explained below:

VIDEO: Why Bitcoin ATMs Are Taking Over Malls And Gas Stations Across The U.S.
CNBC

By Type:

One Way

Two Way

By Automatic Teller Machine Hardware:

Display

Printer

QR Scanner

Get a Request Free Sample Full Report @https://reportocean.com/industry-verticals/sample-request?report_id=bw6325

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Table of Contents:

VIDEO: How to Use a Bitcoin ATM to Buy or Send Bitcoin (More than $1000) - Step by Step Guide
BudgetCoinz
  1. Executive Summary
  2. Introduction
  3. Methodology
  4. Market Overview
  5. Market Analysis
    1. Market Size and Forecast
    2. Market Trends
    3. Market Dynamics
    4. Market Segmentation
  6. Competitive Landscape
    1. Competitive Scenario
    2. Key Players
  7. Regional Analysis
    1. Regional Market Overview
    2. Market Size and Forecast by Region
  8. Product/Service Analysis
    1. Product/Service Overview
    2. Market Size and Forecast by Product/Service
  9. End-User Analysis
    1. End-User Overview
    2. Market Size and Forecast by End-User
  10. Industry Structure
  11. Key Findings and Recommendations
  12. Conclusion

Key target audience are:

Business Owners and Executives:

  • Market research reports provide valuable insights and data to business owners and executives who are responsible for strategic decision-making.
  • They use the information to assess market opportunities, develop business strategies, and make informed choices regarding market entry, expansion, product development, and investments.

Marketing and Sales Professionals:

  • Market research reports help marketing and sales professionals understand customer preferences, market trends, and competitive landscape.
  • This information assists in developing effective marketing strategies, identifying target audiences, positioning products, and gaining a competitive advantage.

Product Development and Innovation Teams:

  • Market research reports provide valuable information on emerging trends, consumer needs, and gaps in the market.
  • Product development and innovation teams rely on these insights to develop new products or improve existing offerings that align with customer demands and market trends.

Investors and Financial Analysts: –

  • Investors and financial analysts use market research reports to assess the potential returns and risks associated with investments in a particular industry or market.
  • The reports provide insights into market growth, competitive landscape, key players, and investment opportunities.

Market Researchers and Consultants: –

  • Market research reports serve as a valuable resource for market researchers and consultants who require comprehensive and up-to-date information on specific industries or markets.
  • They rely on these reports to gather data, analyze market trends, and provide strategic recommendations to clients.

Government and Regulatory Authorities:

  • Market research reports can inform government bodies and regulatory authorities about industry trends, market dynamics, and the impact of regulations.
  • These reports help in formulating policies, assessing market competitiveness, and monitoring market conditions.

Academics and Researchers:

  • Market research reports provide a rich source of data and analysis for academic researchers studying market dynamics, industry trends, and consumer behavior.
  • They use these reports to support their research, validate hypotheses, and gain a broader understanding of specific markets.

Request Full Report @https://reportocean.com/industry-verticals/sample-request?report_id=bw6325

About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean is the world’s leading research company, known for its informative research reports. We are committed to providing our clients with both quantitative and qualitative research results. As a part of our global network and comprehensive industry coverage, we offer in-depth knowledge, allowing informed and strategic business conclusions to report. We utilize the most recent technology and analysis tools along with our own unique research models and years of expertise, which assist us to create necessary details and facts that exceed expectations.

Get in Touch with Us:
Report Ocean:
Email[email protected]
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES
Tel: +1888 212 3539 (US – TOLL FREE)
Websitehttps://reportocean.com

Sources


Article information

Author: Joshua Johnson

Last Updated: 1700327282

Views: 820

Rating: 4.5 / 5 (34 voted)

Reviews: 94% of readers found this page helpful

Author information

Name: Joshua Johnson

Birthday: 1976-04-08

Address: 2053 Fowler Course, Port Pamela, ID 18702

Phone: +4482769053369486

Job: Dietitian

Hobby: Sailing, Web Development, Ice Skating, Camping, Pottery, Playing Piano, Playing Guitar

Introduction: My name is Joshua Johnson, I am a Adventurous, forthright, rich, strong-willed, dear, cherished, enterprising person who loves writing and wants to share my knowledge and understanding with you.