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Cryptocurrency Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global cryptocurrency market size reached US$ 1,782 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 32,420 Billion by 2027, exhibiting a growth rate (CAGR) of 58.4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Cryptocurrency, also known as a crypto coin, refers to a digital or virtual currency encrypted by cryptography to monitor transactions and prevent counterfeiting or double-spend. It operates through decentralized networks based on blockchain technology and can be distributed over computer networks connected to a virtual environment. It ensures enhanced safety and eliminates the risk of identity theft as it involves using authenticated security passwords linked directly with the digital wallet of users. Nowadays, it is widely preferred over traditional currencies as it facilitates quicker payments with zero transaction charges and offers inflation resistance and transparency.

 

 
 

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Cryptocurrency Market Trends:

The increasing need for operational efficiency, security, and transparency in financial payment systems represents one of the key factors positively influencing the demand for digital currency, such as cryptocurrency. In line with this, the rising penetration of high-speed internet and installation of trading applications on smartphones provide seamless access to online payment transactions, which, in turn, is creating a positive outlook for the market. Apart from this, legalization and approval of purchase, sale, transaction, or trade of cryptocurrencies, including bitcoin, ripple, and Ethereum, in various countries are stimulating the market growth. In addition, with optimal transparency of blockchain or distributed ledger technology, there is a minimal chance of fraudulent and undesirable transactions due to manual or machine errorsand data manipulation. This, in confluence with rising instances of cybercriminal activities, is driving the demand for thistechnology to track any modifications in real-time and enhance data security and transaction immutability. Moreover, the rising market capitalization of the industry and the emergence of new cryptocurrencies are anticipated to drive the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global cryptocurrency market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, component, process and application.

Breakup by Type:

  • Bitcoin
  • Ethereum
  • Bitcoin Cash
  • Ripple
  • Litecoin
  • Dashcoin
  • Others


Bitcoin dominates the market as it offers high return potential and volatility.

Breakup by Component:

 
 

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  • Hardware
  • Software
     

Software holds the majority of the market share since it is utilized for matching, selling and buying from users.

Breakup by Process:

  • Mining
  • Transaction
     

Presently, the transaction segment exhibits a clear dominance in the market as it includes messages or emailsthat are digitally signed using cryptography for end to endverification.

Breakup by Application:

  • Trading
  • Remittance
  • Payment
  • Others
     

Trading holds the largest market share as it enables easy transactions and short settlement times and low fees.

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Europe dominates the market due to increasing investments in decentralized finance (Defi).

Competitive Landscape:

The competitive landscape of the cryptocurrency market has been analyzed in the report, along with the detailed profiles of the leading players operating in the industry. Some of these key players are Advanced Micro Devices, Inc., Cryptomove Inc., AlphaPoint Corporation, Intel Corporation, Microsoft Corporation, Quantstamp, Inc., Ripple Services Inc., Coinbase, Inc., and Bitfury Holding B.V.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Component, Process, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Advanced Micro Devices Inc., Alphapoint Corporation, Bitfury Holding B.V., Coinbase Inc., Cryptomove Inc., Intel Corporation, Microsoft Corporation, Quantstamp Inc. and Ripple Services Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Cryptocurrency Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Type
    6.1    Bitcoin
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Ethereum
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Bitcoin Cash
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Ripple
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Litecoin
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Dashcoin
        6.6.1 Market Trends
        6.6.2 Market Forecast
    6.7    Others
        6.7.1 Market Trends
        6.7.2 Market Forecast
7   Market Breakup by Component
    7.1    Hardware
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Software
        7.2.1 Market Trends
        7.2.2 Market Forecast
8   Market Breakup by Process
    8.1    Mining
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Transaction
        8.2.1 Market Trends
        8.2.2 Market Forecast
9   Market Breakup by Application
    9.1    Trading
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Remittance
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Payment
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Others
        9.4.1 Market Trends
        9.4.2 Market Forecast
10   Market Breakup by Region
    10.1    North America
       10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11   SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12   Value Chain Analysis
13   Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14   Price Analysis
15   Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Advanced Micro Devices Inc.
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio 
           15.3.1.3 Financials 
           15.3.1.4 SWOT Analysis
        15.3.2    Alphapoint Corporation
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
        15.3.3    Bitfury Holding B.V.
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio 
        15.3.4    Coinbase Inc.
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio 
        15.3.5    Cryptomove Inc.
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio 
        15.3.6    Intel Corporation
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio 
           15.3.6.3 Financials
           15.3.6.4 SWOT Analysis
        15.3.7    Microsoft Corporation
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials 
           15.3.7.4 SWOT Analysis
        15.3.8    Quantstamp Inc.
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio 
        15.3.9    Ripple Services Inc.
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
      

List of Figures

Figure 1: Global: Cryptocurrency Market: Major Drivers and Challenges
Figure 2: Global: Cryptocurrency Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Cryptocurrency Market: Breakup by Type (in %), 2021
Figure 4: Global: Cryptocurrency Market: Breakup by Component (in %), 2021
Figure 5: Global: Cryptocurrency Market: Breakup by Process (in %), 2021
Figure 6: Global: Cryptocurrency Market: Breakup by Application (in %), 2021
Figure 7: Global: Cryptocurrency Market: Breakup by Region (in %), 2021
Figure 8: Global: Cryptocurrency Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 9: Global: Cryptocurrency (Bitcoin) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Cryptocurrency (Bitcoin) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Cryptocurrency (Ethereum) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Cryptocurrency (Ethereum) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Cryptocurrency (Bitcoin Cash) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Cryptocurrency (Bitcoin Cash) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Cryptocurrency (Ripple) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Cryptocurrency (Ripple) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Cryptocurrency (Litecoin) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Cryptocurrency (Litecoin) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Cryptocurrency (Dashcoin) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Cryptocurrency (Dashcoin) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Cryptocurrency (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Cryptocurrency (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Cryptocurrency (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Cryptocurrency (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Cryptocurrency (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Cryptocurrency (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Cryptocurrency (Mining) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Cryptocurrency (Mining) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Cryptocurrency (Transaction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Cryptocurrency (Transaction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Cryptocurrency (Trading) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Cryptocurrency (Trading) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Cryptocurrency (Remittance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Cryptocurrency (Remittance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Cryptocurrency (Payment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Cryptocurrency (Payment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Cryptocurrency (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Cryptocurrency (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: North America: Cryptocurrency Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: North America: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: United States: Cryptocurrency Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: United States: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Canada: Cryptocurrency Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Canada: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Asia Pacific: Cryptocurrency Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Asia Pacific: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: China: Cryptocurrency Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: China: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Japan: Cryptocurrency Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Japan: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: India: Cryptocurrency Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: India: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: South Korea: Cryptocurrency Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: South Korea: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Australia: Cryptocurrency Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Australia: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Indonesia: Cryptocurrency Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Indonesia: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Others: Cryptocurrency Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Others: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Europe: Cryptocurrency Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Europe: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Germany: Cryptocurrency Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Germany: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: France: Cryptocurrency Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: France: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: United Kingdom: Cryptocurrency Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: United Kingdom: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Italy: Cryptocurrency Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Italy: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Spain: Cryptocurrency Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Spain: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Russia: Cryptocurrency Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Russia: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Others: Cryptocurrency Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Others: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Latin America: Cryptocurrency Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Latin America: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Brazil: Cryptocurrency Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Brazil: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Mexico: Cryptocurrency Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Mexico: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Others: Cryptocurrency Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Others: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Middle East and Africa: Cryptocurrency Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Middle East and Africa: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Global: Cryptocurrency Industry: SWOT Analysis
Figure 88: Global: Cryptocurrency Industry: Value Chain Analysis
Figure 89: Global: Cryptocurrency Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Cryptocurrency Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Cryptocurrency Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Cryptocurrency Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 4: Global: Cryptocurrency Market Forecast: Breakup by Process (in Million US$), 2022-2027
Table 5: Global: Cryptocurrency Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Global: Cryptocurrency Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Cryptocurrency Market Structure
Table 8: Global: Cryptocurrency Market: Key Players


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Key Questions Answered in This Report

The global cryptocurrency market was valued at US$ 1,782 Billion in 2021.

We expect the global cryptocurrency market to exhibit a CAGR of 58.4% during 2022-2027.

The extensive utilization of cryptocurrency for monitoring transactions through decentralized
networks to ensure safety, confidentiality, minimal transaction fee, etc., is currently driving the
global cryptocurrency market.

The sudden outbreak of the COVID-19 pandemic has led to the increasing adoption of digital
alternatives to money, such as cryptocurrency, as it enables secured online payments, resulting in
limited use of manual payment methods to combat the risk of the coronavirus infection.

Based on the type, the global cryptocurrency market has been divided into bitcoin, ethereum,
bitcoin cash, ripple, Litecoin, dashcoin, and others. Among these, bitcoin exhibits a clear dominance
in the market.

Based on the component, the global cryptocurrency market can be categorized into hardware and
software, where software holds the majority of the total market share.

Based on the process, the global cryptocurrency market has been segmented into mining and
transaction. Currently, transaction process represents the largest market share.

Based on the application, the global cryptocurrency market can be bifurcated into trading,
remittance, payment, and others. Among these, trading accounts for the majority of the global
market share.

On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle
East and Africa, and Latin America, where Europe currently dominates the global market.

Some of the major players in the global cryptocurrency market include Advanced Micro Devices Inc.,
Alphapoint Corporation, Bitfury Holding B.V., Coinbase Inc., Cryptomove Inc., Intel Corporation,
Microsoft Corporation, Quantstamp Inc. and Ripple Services Inc.

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