Global Cloud Based Repository Services Market Forecast and Analysis (2020-2027),
Posted by rahul on November 26th, 2020
Global Crypto Automated Teller Machine Market was valued US$ xx Mn in 2019 and the total revenue is expected to grow at xx % through 2020 to 2027, reaching US$ xx Mn.
Crypto Automated Teller Machine is a type of kiosk that allows a user to exchange cash for their crypto-currency. Users can conveniently withdraw currencies such as EUR or USD through a crypto-automated teller machine (ATM) from their respective bank account or debit/credit card. The presentation and promotion of the use of crypto ATM for financial services by the host seminar is also driving the growth of the target market.
Moreover, the growing knowledge of crypto ATM equipment is also driving the growth of the target market. Furthermore the adoption of crypto-currency across different industries and the popularity of crypto-currency would provide sufficient opportunities to capture the crypto-automated teller machine (ATM) market. The factors driving the growth of the market are raising fund flows in developing countries, fluctuating monetary regulations and increasing crypto ATM installations in restaurants, bars, general stores, and gas stations.
Crypto ATMs act like a stationary exchange where selected crypto-currencies like Bitcoin can be traded incognito by a consumer. There are two types of crypto automated teller machines: one way (user can only buy crypto-currencies) and two way (also provides the option to directly buy and sell crypto-currencies). For instance, In July 2019, iQCashNow collaborated with Dash Embassy DACH to incorporate Dash technology into its 250 ATMs across Spain, Greece, Austria, and Turkey.
The growth in the demand for crypto automated teller machines (ATMs) is due to growing crypto ATM installations in bars, restaurants, general stores and gas stations. The increasing popularity of the crypto currency is also helping the market to expand. In addition, fluctuating financial regulations as well as growing installations of these ATMs in the hospitality industry are major factors driving the growth of the demand for crypto automated teller machines (ATM).
By Type, Crypto Automated Teller Machine market is segmented by 1 way and 2 way. 2 way dominated Crypto Automated Teller Machine market because it provides different options for trading in cryptocurrencies and fiat currencies. In a 2-way ATM, a customer can use a single computer to buy cryptocurrencies and also sell them. Based on Hardware, ATM printers is the leading segment due to the functionality of offering printed receipts for public and private keys. Also, being cost-effective and benefiting from Hardware even in a basic IT infrastructure.
By region, the Crypto Automated Teller Machine market in North America is anticipated to account for the highest revenue share contribution and projected to maintain its dominance in the target market during the forecast period. The attributing factor is due to the presence of several software vendors along with increased penetration and presence of different social media channels. The Asia Pacific region is projected to register the fastest growth rate in the target market due to the growing transfers of funds and supportive monetary regulations in China, Japan, Korea and digitalizing the infrastructure in the region.
Global Crypto Automated Teller Machine Market1
The objective of the report is to present a comprehensive analysis of the Global Crypto Automated Teller Machine Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
Global Crypto Automated Teller Machine Market, By Type
• 1 way
• North America
• GENERAL BYTES
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Joined: November 26th, 2020
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