Dublin, Sept. 04, 2018 (GLOBE NEWSWIRE) -- The "Crypto ATM Market by Type (One Way and Two Way), Automated Teller Machine Hardware (Display, Printer, QR Scanner), and Geography (North America, Europe, Asia Pacific (APAC), Rest of the World (RoW) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The crypto ATM market is expected to grow from USD 16.3 million in 2018 to USD 144.5 million by 2023, at a CAGR of 54.7% from 2018 to 2023.
Growing opportunities in developed markets, such as the US, Germany, and Japan, and increasing acceptance of cryptocurrency across industries are among the factors providing opportunities for the crypto ATM market. However, the uncertain regulatory status of cryptocurrencies, and lack of awareness and technical understanding regarding cryptocurrency are the factors restraining the growth of the crypto ATM market.
The crypto ATM market for ATM printers is expected to grow at the highest CAGR by 2023. Printer in a crypto ATM is an output component. It can dispense receipts as per the ATM application. It is mainly used for printing QR codes. It generates a receipt for every transaction; these receipts contain public and private keys in the form of QR codes.
The market for 2-way crypto ATMs is expected to grow at a higher CAGR from 2018 to 2023 owing to their dual functionality of cryptocurrency trading. A 2-way crypto ATM offers multiple options for trading. In a 2-way ATM, a user can buy cryptocurrencies and also sell them using a single machine. Multifunctionality is propelling the market for 2-way crypto ATMs.
The crypto ATM market in APAC is expected to grow at a significant rate. Growing awareness about cryptocurrencies and increasing crypto mining activities are propelling the market growth in APAC. In addition, optimistic cryptocurrency investors in the country who are ready to make transactions via cryptocurrencies also drives the growth of the crypto ATM market in APAC.
A few key players in the crypto ATM market are as follows: GENERAL BYTES (Czech Republic), Genesis Coin (US), Lamassu (UK), COVAULT (US), Bitaccess (Canada), Coinme (US), Coinsource (US), Bitxatm (German), Orderbob (Austria), and RUSbit (Russia).
This research report segments the global crypto ATM market based on type, ATM hardware, and geography. The report discusses major drivers, restraints, challenges, and opportunities pertaining to the crypto ATM market and also includes value chain and market ranking analysis.
Key Topics Covered:
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in Crypto ATM Market
4.2 Crypto ATM Market, By Type, 2018-2023 (USD Million)
4.3 Crypto ATM Market, By Countries and Technology
4.4 Crypto ATM Market, Geographical Snapshot
5 Market Overview
5.2 Market Dynamics
220.127.116.11 Growing Fund Transfers in Developing Countries
18.104.22.168 Fluctuating Monetary Regulations
22.214.171.124 Increasing Installations of Crypto ATMs in Restaurants, Bars, General Stores, and Gas Stations
126.96.36.199 Uncertain Regulatory Status of Cryptocurrencies
188.8.131.52 Lack of Awareness and Technical Understanding Regarding Cryptocurrency
184.108.40.206 Significant Growth Opportunities in Developed Markets
220.127.116.11 Acceptance of Cryptocurrency Across Industries
18.104.22.168 Concern Regarding Security and Privacy
22.214.171.124 Technical Challenges Pertaining to Scalability
5.3 Value Chain Analysis
6 Crypto ATM Market, By Type
6.2 1 Way
6.3 2 Way
7 Crypto ATM Market, By Hardware
7.3 ATM Printer
7.4 Qr Scanner
8 Geographic Analysis
9 Competitive Landscape
9.2 Competitive Analysis
9.3 Crypto ATM Market Ranking Analysis, 2017
10 Company Profiles
10.1 Key Players
10.1.1 General Bytes
10.1.2 Genesis Coin
10.1.6 Coinsource (Operator)
10.1.8 Coinme (Operator)
For more information about this report visit https://www.researchandmarkets.com/research/5n2z4p/crypto_atm_market?w=12
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