Cryptocurrency ATM Market - Opportunity Analysis, and Industry Forecast till 2025


Cryptocurrency ATM market refers to the business through the deployment of internet machine that enables exchange of digital currencies and conventional currencies. In some cases, these transactions require users to have existing accounts with the operator. Moreover, some of these machines are featured to support multiple exchanges and wallets, and can be programmed to support any national currency of multiple denominations. Substantial increase in the popularity of these digital assets is among the chief industry growth drivers, and witness CAGR of 45.8% over the forecast period (2017–2025).
Market Dynamics
Growth of over 200% Digital currency market capital witnessed from March 2015 to March 2016, according to CoinMarketCap. Moreover, according to Coherent Market analysis, the valuation is expected to witness growth of over 600% in 2017 with respect to the previous year. Requirement to provide easy transaction means and the associated profit will present substantial growth potential over the forecast period. Furthermore, ease of deployment at any outlet, ease of accountability, secured transaction ability (owing to utilization of blockchain technology) and anonymity are among its major advantages. However, high initial deployment costs and regulations are among the chief drawbacks that will continue to hamper the industry growth through the forecast period. For instance, China, Russia, Bangladesh are among the few countries that have witnessed bans and introduction of stringent regulations to restrict the utilization of these digital assets.
Rising ROI Along With the Capability of the Two-Way Transactions are Expected to Fuel the Overall Industry Growth during the Forecast Period
Rapid increase in the number of ATMs every year has forced the ROI to set back, however, it is largely dependent on the location of deployment of the Bitcoin Automated Teller Machines (BTMs). According to Coherent Market Insights, on an average the most populated or urban areas have the highest number of transactions, that help in generating complete ROI within spans of less than a year, even if the number of visitors per day is around 1-2. According to Coherent Market Insights analysis, the average number of new installations are expected to increase past 14 per day by 2025 driving the volume growth at over 44.6% CAGR over the forecast period. Moreover, according to Coin ATM Radar, the total number of deployments reached to around 1730, as of October 27, 2017, due to high ROI and increasing popularity of the digital currencies. Also, Coin ATM Radar estimated 4.43 Bitcoin ATMs installations per day in the last seven days in October 2017.
The global cryptocurrency ATM market is estimated to be valued at US$ 13.99 million in 2017 and is expected to witness a CAGR at 45.8% during the forecast period (2017 – 2025).
Market Taxonomy
This report segments the global cryptocurrency ATM market on the basis of revenue source and cryptocurrency type. On the basis of the revenue source the industry is bifurcated into new installation and revenue through other sources. New installation is further segmented into one-way and two-way ATM based on the transaction types. For in depth analysis revenue through other sources is further categorized into transaction commissions, server utilization, technical support & other services (software upgradation, software installation, extra developments/software customization, layout customization). Based on the cryptocurrency type, the cryptocurrency ATM market is classified into Bitcoin, Litecoin, Dash, Ether, Dogecoin and other cryptocurrencies.
Detailed Segmentation:
  • Global Cryptocurrency ATM Market, By Revenue Source:
    • New Installations
      • One-way ATM
      • Two-way ATM
    • Revenue through other sources
      • Transaction Commissions
      • Server utilization
      • Technical support & other services (software upgradation, software installation, extra developments/software customization, layout customization)
  • Global Cryptocurrency ATM Market, By Cryptocurrency Type:
    • Bitcoin
    • Litecoin
    • Dash
    • Ether
    • Dogecoin
    • Other cryptocurrencies
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