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BITCOIN ATMS Market, By Type (One Way and Two Way); By Component (Display, Printer, QR Scanner and Others) Market Growth, Future Prospects, Post COVID-19 Scenario 2021 - 2028

Bitcoin has become a very popular currency at present as it is a decentralized digital currency that runs without a single central bank and the Bitcoin can be transferred from one user to another present within the network of Bitcoin without the aid of any intermediate. Similarly, a Bitcoin ATM is same as that of typical bank-controlled ATMs and is mainly used to exchange the Bitcoin or crypto currencies across. Thereby, a Bitcoin ATM can be used as means for consumers to put in cash as well as unload the cash to sell and buy cryptocurrencies such as Bitcoin. Overall A Bitcoin ATM is a physical kiosk that are stationary brick and mortar structures, the customers can walk into the ATMs exchange currency such as U.S dollars equivalent for a Bit-coins and papers, among others. The Bitcoin ATMs are located mostly at gas stations, shopping malls, and hotels, etc. Bitcoin ATMS also known as BATM, which are based on various kinds such as some ATMs have stock supply of Bitcoin and the other ATMS connect the user to an online exchange site therefore the time needed for transaction depends upon the method used to provide funds. 

The first Bitcoin ATM was opened in the year 2013 and since then it is rapidly taking the market forward due to increasing number of ATMs being built. Various advantages of Bitcoin ATMs are super-fast transactions, capacity of around 2500 bills, affordable prices, easy to use interface, high-definition camera, fingerprint scanner, reliable, innovative and intuitive touch screen monitor, among others. Bitcoin ATMs have become legal in many countries and are increasingly being accessed for various purposes. In March 2021, the Bitcoin wallet users were around 70 million and thereby this states that the market is growing rapidly. Bitcoin ATM are divided into various types such as one way and two way, whereas, one way bitcoin ATMs dominate the market and have largest share in the Bitcoin ATMs market. Several components of Bitcoin ATMs include display, printer, and QR scanner, among others, whereas, others segment dominates the market and display segment witness fastest growth during the forecast period.

The bitcoin ATMs market is split into wide number of kiosk manufacturers and providers who are providing advance ATMs with unidirectional and bidirectional features across the world. The major players in the global bitcoin ATMs market are GENERAL BYTES s.r.o., Genesis Coin Inc., Lamassu Industries AG, Covault, LLC, Bitaccess Inc., Coinme Inc., Coinsource, BCASH, ServiceBOB GmbH and RUSbit.

Global BITCOIN ATMS Market, By Type
Based on type, bitcoin ATMs market is segmented into the following:
•    One Way
•    Two Way
Below graph provides a comparative analysis of the value contribution for each of the segment for the years 2020 and 2028:

BITCOIN ATMS Value Share, By Type, 2019 & 2028(% Value)


In 2020, the one way segment led the overall bitcoin ATMs market in terms of market value accounting for over 73% of the global market. One way or unidirectional bitcoin ATM is a kiosk which allows person to only purchase bitcoins and other crypto-coins and cryptocurrencies with help of debit cards and cash. Over the years Bitcoin has become very popular among individuals and businesses, hence, most of the companies have started their payment with Bitcoins and other cryptocurrencies due to growing adaptability. Apart from this, most of the countries have legal applications or mobile apps for Bitcoin trading and thereby people are more active and are trying digital trading enthusiastically. Therefore, companies are increasingly investing towards opening BATMs in most of the developed and developing countries where people can access these bitcoin ATMs on a daily basis.

Global BITCOIN ATMS Market, By Component
Based on component, the bitcoin ATMs market is segmented into the following:
•    Display
•    Printer
•    QR Scanner
•    Others
Below graph provides a comparative analysis of the value contribution for each of the segment for the years 2020 and 2028:

BITCOIN ATMS Value Share, By Component, 2019 & 2028(% Value)


In 2020, the others segment led the overall bitcoin ATMs market in terms of market value accounting for over 58% of the global market. Other components of the bitcoin ATMs includes cash counting machine, bill acceptor, cash dispenser, cash holder and card readers, among others, which are used in the ATMs to make the process safe and quick. The cash holder and cash counting machine performs a large mechanism in the bitcoin ATMs and they are considered as one of the large components in the ATM machines. These components help the user to buy or sell  bitcoins using cash or card and it can also dispense the cash, when bitcoins are sold. Apart from this, the bitcoin ATM components also guides the users through all the steps while their transactions, therefore, it has high demand in the market as compared to other components. Moreover, the display segment will witness fastest growth in the market during the forecast period.

Global BITCOIN ATMS Market, By Geography
Based on geography, the bitcoin ATMs market is segmented into following:
•    North America
o    U.S.
o    Canada
•    Europe
o    UK
o    Germany
o    France
o    Rest of Europe
•    Asia Pacific
o    China
o    Japan
o    India
o    Rest of Asia Pacific
•    Latin America
o    Mexico
o    Brazil
o    Rest of Latin America
•    Middle East and Africa (MEA)
o    GCC Countries
o    South Africa
o    Rest of ME
Below graph provides a comparative analysis of the value contribution for each of the segment for the years 2020 and 2028:

BITCOIN ATMS Value Share, By Region, 2019 & 2028(% Value)


In 2020, North America held the largest share in the bitcoin ATMs market because the U.S. accounts for highest service providers of hardware and software that are used in production of bitcoin ATMs. The U.S. and Canada are the major contributors for bitcoin ATMs market across the world. Currently, the highest number of bitcoin ATMs in the U.S. are 18,263 and in Canada are 1,501, which are considered highest among all the countries. Apart from this, U.S. recorded the fastest spread of bitcoin ATMs across the world, and it also acquired the largest share of bitcoin ATMs within its region. The U.S. currently accounts for 85% of the total number of bitcoin ATMs globally. One-fifth of them are placed in Los Angeles, New York, Chicago and Detroit. Additionally, there is an increasing range of spread of bitcoin ATMs within the U.S., with locations in small shops, shopping centres, and transportation hubs. Therefore, the demand for bitcoin ATMs is increasing rapidly in U.S. and Canada, thus driving the bitcoin ATMs market in North America region.
Chapter 1    Preface
        1.1    Report Description
                1.1.1    Aim of the Report
                1.1.2    Report Target Audience
                1.1.3    Report Offering
        1.2    Research Scope
        1.3    Research Methodology
                1.3.1    Phase I – Secondary Research
                1.3.2    Phase II – Primary Research
                1.3.3    Phase III – Expert Panel Review
                1.3.4    Assumptions
                1.3.5    Top-Down and Bottom-Up Approach

Chapter 2    Executive Summary
        2.1    Market Snapshot: Global Bitcoin ATMs Market
        2.2    Global Bitcoin ATMs Market, By Type
        2.3    Global Bitcoin ATMs Market, By Component
        2.4    Global Bitcoin ATMs Market, By Geography

Chapter 3    Market Dynamics
        3.1    Product and Market Insights
                3.1.1    Global Bitcoin ATMs Market Value and Growth, 2018 – 2028, (US$ Mn) (Y-o-Y %)
        3.2    Market Dynamics
                3.2.1    Growth Drivers
                3.2.2    Market Restraints
                3.2.3    Impact Analysis of Drivers and Restraints
                3.2.4    COVID-19 Impact
        3.3    Attractive Investment Proposition
        3.4    Competitive Analysis
                3.4.1    Competitive Landscape in the Bitcoin ATMs Market

Chapter 4    Global Bitcoin ATMs Market Analysis, By Type
        4.1    Overview
        4.2    One Way
                4.2.1    Global One Way Bitcoin ATMs Market Value, 2018 – 2028, (US$ Mn)
        4.3    Two Way
                4.3.1    Global Two Way Bitcoin ATMs Market Value, 2018 – 2028, (US$ Mn)

Chapter 5    Global Bitcoin ATMs Market Analysis, By Component
        5.1    Overview
        5.2    Display
                5.2.1    Global Bitcoin ATMs Market Value for Display, 2018 – 2028, (US$ Mn)
        5.3    Printer
                5.3.1    Global Bitcoin ATMs Market Value for Printer, 2018 – 2028, (US$ Mn)
        5.4    QR Scanner
                5.4.1    Global Bitcoin ATMs Market Value for QR Scanner, 2018 – 2028, (US$ Mn)
        5.5    Others
                5.5.1    Global Bitcoin ATMs Market Value for Others, 2018 – 2028, (US$ Mn)

Chapter 6    North America Bitcoin ATMs Market Analysis
        6.1    Overview
        6.2    North America Bitcoin ATMs Market Analysis, By Type, 2018 – 2028
                6.2.1    Market Analysis
        6.3    North America Bitcoin ATMs Market Analysis, By Component, 2018 – 2028
                6.3.1    Market Analysis
        6.4    North America Bitcoin ATMs Market Analysis, By Country, 2018 – 2028
                6.4.1    Market Analysis
                6.4.2    U.S.
                6.4.3    Canada

Chapter 7    Europe Bitcoin ATMs Market Analysis
        7.1    Overview
        7.2    Europe Bitcoin ATMs Market Analysis, By Type, 2018 – 2028
                7.2.1    Market Analysis
        7.3    Europe Bitcoin ATMs Market Analysis, By Component, 2018 – 2028
                7.3.1    Market Analysis
        7.4    Europe Bitcoin ATMs Market Analysis, By Country, 2018 – 2028
                7.4.1    Market Analysis
                7.4.2    UK
                7.4.3    Germany
                7.4.4    France
                7.4.5    Rest of Europe

Chapter 8    Asia Pacific Bitcoin ATMs Market Analysis
        8.1    Overview
        8.2    Asia Pacific Bitcoin ATMs Market Analysis, By Type, 2018 – 2028
                8.2.1    Market Analysis
        8.3    Asia Pacific Bitcoin ATMs Market Analysis, By Component, 2018 – 2028
                8.3.1    Market Analysis
        8.4    Asia Pacific Bitcoin ATMs Market Analysis, By Country, 2018 – 2028
                8.4.1    Market Analysis
                8.4.2    China
                8.4.3    Japan
                8.4.4    India
                8.4.5    Rest of Asia Pacific

Chapter 9    Latin America Bitcoin ATMs Market Analysis
        9.1    Overview
        9.2    Latin America Bitcoin ATMs Market Analysis, By Type, 2018 – 2028
                9.2.1    Market Analysis
        9.3    Latin America Bitcoin ATMs Market Analysis, By Component, 2018 – 2028
                9.3.1    Market Analysis
        9.4    Latin America Bitcoin ATMs Market Analysis, By Country, 2018 – 2028
                9.4.1    Market Analysis
                9.4.2    Mexico
                9.4.3    Brazil
                9.4.4    Rest of Latin America

Chapter 10    Middle East and Africa (MEA) Bitcoin ATMs Market Analysis
        10.1    Overview
        10.2    MEA Bitcoin ATMs Market Analysis, By Type, 2018 – 2028
                10.2.1    Market Analysis
        10.3    MEA Bitcoin ATMs Market Analysis, By Component, 2018 – 2028
                10.3.1    Market Analysis
        10.4    MEA Bitcoin ATMs Market Analysis, By Country, 2018 – 2028
                10.4.1    Market Analysis
                10.4.2    GCC Countries
                10.4.3    South Africa
                10.4.4    Rest of MEA

Chapter 11    Company Profiles
        11.1    GENERAL BYTES s.r.o.
                11.1.1    GENERAL BYTES s.r.o.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        11.2    Genesis Coin Inc.
                11.2.1    Genesis Coin Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        11.3    Lamassu Industries AG
                11.3.1    Lamassu Industries AG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        11.4    Covault, LLC
                11.4.1    Covault, LLC: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        11.5    Bitaccess Inc.
                11.5.1    Bitaccess Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        11.6    Coinme Inc.
                11.6.1    Coinme Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        11.7    Coinsource
                11.7.1    Coinsource: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        11.8    BCASH
                11.8.1    BCASH: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        11.9    ServiceBOB GmbH
                11.9.1    ServiceBOB GmbH: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
        11.10    RUSbit
                11.10.1    RUSbit: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)

List of Figures



FIG. 1    Global Bitcoin ATMs Market: Research Methodology
FIG. 2    Top-Down and Bottom Up Approach
FIG. 3    Global Bitcoin ATMs Market, By Type, 2020 (US$ Mn)
FIG. 4    Global Bitcoin ATMs Market, By Component, 2020 (US$ Mn)
FIG. 5    Global Bitcoin ATMs Market, By Geography, 2020 (US$ Mn)
FIG. 6    Global Bitcoin ATMs Market Value and Growth, 2018 – 2028, (US$ Mn) (Y-o-Y %)
FIG. 7    Attractive Investment Proposition
FIG. 8    Market Positioning of Key Bitcoin ATMs Providers, 2020
FIG. 9    Global Bitcoin ATMs Market Value Share, By Type, 2020 & 2028 (% Value)
FIG. 1    Global One Way Bitcoin ATMs Market Value, 2018 – 2028, (US$ Mn)
FIG. 2    Global Two Way Bitcoin ATMs Market Value, 2018 – 2028, (US$ Mn)
FIG. 3    Global Bitcoin ATMs Market Value Share, By Component, 2020 & 2028 (% Value)
FIG. 4    Global Bitcoin ATMs Market Value for Display, 2018 – 2028, (US$ Mn)
FIG. 5    Global Bitcoin ATMs Market Value for Printer, 2018 – 2028, (US$ Mn)
FIG. 6    Global Bitcoin ATMs Market Value for QR Scanner, 2018 – 2028, (US$ Mn)
FIG. 7    Global Bitcoin ATMs Market Value for Others, 2018 – 2028, (US$ Mn)
FIG. 8    U.S. Bitcoin ATMs Market Value, 2018 – 2028, (US$ Mn)
FIG. 9    Canada Bitcoin ATMs Market Value, 2018 – 2028, (US$ Mn)
FIG. 10    UK Bitcoin ATMs Market Value, 2018 – 2028, (US$ Mn)
FIG. 11    Germany Bitcoin ATMs Market Value, 2018 – 2028, (US$ Mn)
FIG. 12    France Bitcoin ATMs Market Value, 2018 – 2028, (US$ Mn)
FIG. 13    Rest of Europe Bitcoin ATMs Market Value, 2018 – 2028, (US$ Mn)
FIG. 14    China Bitcoin ATMs Market Value, 2018 – 2028, (US$ Mn)
FIG. 15    Japan Bitcoin ATMs Market Value, 2018 – 2028, (US$ Mn)
FIG. 16    India Bitcoin ATMs Market Value, 2018 – 2028, (US$ Mn)
FIG. 17    Rest of Asia Pacific Bitcoin ATMs Market Value, 2018 – 2028, (US$ Mn)
FIG. 18    Mexico Bitcoin ATMs Market Value, 2018 – 2028, (US$ Mn)
FIG. 19    Brazil Bitcoin ATMs Market Value, 2018 – 2028, (US$ Mn)
FIG. 20    Rest of Latin America Bitcoin ATMs Market Value, 2018 – 2028, (US$ Mn)
FIG. 21    GCC Countries Bitcoin ATMs Market Value, 2018 – 2028, (US$ Mn)
FIG. 22    South Africa Bitcoin ATMs Market Value, 2018 – 2028, (US$ Mn)
FIG. 23    Rest of MEA Bitcoin ATMs Market Value, 2018 – 2028, (US$ Mn)

List of Tables



TABLE 1        Market Snapshot: Global Bitcoin ATMs Market
TABLE 2        Impact Pointers
TABLE 3        Impact Analysis of Drivers and Restraints
TABLE 4        North America Bitcoin ATMs Market Value, By Type, 2018 – 2028
TABLE 5        North America Bitcoin ATMs Market Value, By Component, 2018 – 2028
TABLE 6        North America Bitcoin ATMs Market Value, By Country, 2018 – 2028
TABLE 7        Europe Bitcoin ATMs Market Value, By Type, 2018 – 2028
TABLE 8        Europe Bitcoin ATMs Market Value, By Component, 2018 – 2028
TABLE 9        Europe Bitcoin ATMs Market Value, By Country, 2018 – 2028
TABLE 10    Asia Pacific Bitcoin ATMs Market Value, By Type, 2018 – 2028
TABLE 11    Asia Pacific Bitcoin ATMs Market Value, By Component, 2018 – 2028
TABLE 12    Asia Pacific Bitcoin ATMs Market Value, By Country, 2018 – 2028
TABLE 13    Latin America Bitcoin ATMs Market Value, By Type, 2018 – 2028
TABLE 14    Latin America Bitcoin ATMs Market Value, By Component, 2018 – 2028
TABLE 15    Latin America Bitcoin ATMs Market Value, By Country, 2018 – 2028
TABLE 16    MEA Bitcoin ATMs Market Value, By Type, 2018 – 2028
TABLE 17    MEA Bitcoin ATMs Market Value, By Component, 2018 – 2028
TABLE 18    MEA Bitcoin ATMs Market Value, By Country, 2018 – 2028
TABLE 19    GENERAL BYTES s.r.o.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 20    Genesis Coin Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 21    Lamassu Industries AG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 22    Covault, LLC: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 23    Bitaccess Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 24    Coinme Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 25    Coinsource: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 26    BCASH: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 27    ServiceBOB GmbH: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)
TABLE 28    RUSbit: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent News and Announcements)


 
No Methodology
No Available