The global crypto ATM market will grow from $46.45 million in 2022 to $472.18 million by 2027, according to a press release from Research and Markets.
It will grow at a compound annual growth rate of 59.01% during the forecasted period.
Key market drivers include:
- Demand for crypto fund transfers in developing countries.
- Changing monetary regulations.
- Increased presence of crypto ATMs in gas stations, restaurants and other locations.
However, there is still uncertainty regarding cryptocurrency regulations as well as lack of overall knowledge of cryptocurrency which is holding the market back, according to the release.