Middle East & Africa Crypto Atm Market Size & Outlook
Middle East & Africa crypto atm market, 2018-2030 (US$M)
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MEA crypto atm market highlights
- The MEA crypto atm market generated a revenue of USD 7.5 million in 2023.
- The market is expected to grow at a CAGR of 65.2% from 2024 to 2030.
- In terms of segment, bitcoin was the largest revenue generating coin in 2023.
- Bitcoin is the most lucrative coin segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 7.5 million |
| Market revenue in 2030 | USD 251.4 million |
| Growth rate | 65.2% (CAGR from 2023 to 2030) |
| Largest segment | Bitcoin |
| Fastest growing segment | Bitcoin |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bitcoin, Ethereum, Litecoin, Dogecoin |
| Key market players worldwide | Bitcoin Depot Inc Ordinary Shares - Class A, Bitfarms Ltd, Lamassu Bitcoin Ventures, General Bytes, Coinme, CoinSource, Bitstop, Cryptomat |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.4% of the global crypto atm market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 823.6 million by 2030.
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Crypto ATM Market Scope
Crypto ATM Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa crypto atm market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to crypto atm market will help companies and investors design strategic landscapes.
Bitcoin was the largest segment with a revenue share of 30.67% in 2023. Horizon Databook has segmented the Middle East & Africa crypto atm market based on bitcoin, ethereum, litecoin, dogecoin covering the revenue growth of each sub-segment from 2018 to 2030.
Government initiatives to support the trading of crypto assets in Dubai are expected to drive the growth of the crypto ATM market in the MEA region. For instance, in September 2021, the United Arab Emirates Securities and Commodities Authorities signed an agreement with the Dubai World Trade Center Authority (DWTCA) to support the trading of crypto assets in DWTCA’s free zone.
Numerous crypto exchange service providers are developing solutions that enable consumers to buy and sell cryptocurrencies through cash. For instance, in December 2021, Coinsfera.com, a cryptocurrency exchange shop, announced that it has enabled the buying and selling of Bitcoin securely with cash in Dubai, thus ensuring a fast cryptocurrency exchange process.
The deployment of crypto ATMs by hotels and restaurants in Dubai is also expected to accelerate the market growth. For instance, in March 2019, Rixos Premium Dubai Hotel announced that it had installed the city’s first Bitcoin ATM, which enables tourists and residents to buy bitcoin through an ATM using cash.
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Our clientele includes a mix of crypto atm market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa crypto atm market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa crypto atm market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA crypto atm market outlook size, by country, 2018-2030 (US$M)
Middle East & Africa Crypto ATM Market Outlook Share, 2023 & 2030 (US$M)
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