Cryptocurrency Market

Market Overview:

The global cryptocurrency market experienced strong growth during 2014-2019. Cryptocurrency refers to digital or virtual money secured by cryptography to monitor transactions and prevent counterfeit. It does not have a physical representation and is distributed over a vast network of computers connected to a virtual environment. It operates through decentralized networks that are based on the blockchain technology. The transfers are secured through public or private keys and are connected directly to the user’s digital wallet. In contrast to the traditionally used currency, it is not issued by a centralized authority and has minimal interference or manipulation from the government. It also offers various advantages, such as enhanced portability, divisibility, inflation resistance and transparency.

Increasing digitization across industries represents one of the key factors driving the growth of the market. In line with this, easy accessibility to and rising penetration of high-speed internet connectivity in daily activities is also creating a positive outlook for the market. Furthermore, legalization and approval of purchase, sale or trade of virtual currencies in various developed countries are also driving  the market growth. With the immense transparency of distributed ledger technology or blockchain, there is minimal risk of fraudulent or unwanted transactions due to human or machine error or data manipulation. This enables all the parties to monitor any changes that are being made during the transaction in real-time, thereby offering enhanced data security and immutability of the transactions. Additionally, convenient access to online trading platforms that can be used through smartphones is contributing to the market growth. Other factors, including growing market capitalization or market cap of the industry, along with the advent of bitcoin cash and bitcoin lite, are anticipated to drive the market further. Looking forward, IMARC Group expects the global cryptocurrency market to continue its strong growth during the next five years.

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 for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, type, component, process and application.

Breakup by Type:

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

Breakup by Component:

• Hardware
• Software
   

Breakup by Process:

• Mining
• Transaction
   

Breakup by Application:

• Trading
• Remittance
• Payment
• Others
   

Breakup by Region:

• 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
   

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Advanced Micro Devices Inc., Alphapoint Corporation, Bitfury Holding B.V., Coinbase Inc., Cryptomove Inc., Intel Corporation, Microsoft Corporation, Quantstamp Inc., Ripple Labs Inc. and Xilinx Inc.

Key Questions Answered in This Report:

• How has the global cryptocurrency market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global cryptocurrency market?
• What are the key regional markets?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the component?
• What is the breakup of the market based on the process?
• What is the breakup of the market based on the application?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global cryptocurrency market and who are the key players?
• What is the degree of competition in the industry?

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 Labs Inc.
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
        15.3.10    Xilinx Inc.
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio 
           15.3.10.3 Financials 
           15.3.10.4 SWOT Analysis

List of Figures

Figure 1: Global: Cryptocurrency Market: Major Drivers and Challenges
Figure 2: Global: Cryptocurrency Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: Cryptocurrency Market: Breakup by Type (in %), 2019
Figure 4: Global: Cryptocurrency Market: Breakup by Component (in %), 2019
Figure 5: Global: Cryptocurrency Market: Breakup by Process (in %), 2019
Figure 6: Global: Cryptocurrency Market: Breakup by Application (in %), 2019
Figure 7: Global: Cryptocurrency Market: Breakup by Region (in %), 2019
Figure 8: Global: Cryptocurrency Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 9: Global: Cryptocurrency (Application) Market: Sales Value (in Million US$), 2014 & 2019
Figure 10: Global: Cryptocurrency (Application) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 11: Global: Cryptocurrency (Ethereum) Market: Sales Value (in Million US$), 2014 & 2019
Figure 12: Global: Cryptocurrency (Ethereum) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 13: Global: Cryptocurrency (Bitcoin Cash) Market: Sales Value (in Million US$), 2014 & 2019
Figure 14: Global: Cryptocurrency (Bitcoin Cash) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 15: Global: Cryptocurrency (Ripple) Market: Sales Value (in Million US$), 2014 & 2019
Figure 16: Global: Cryptocurrency (Ripple) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 17: Global: Cryptocurrency (Litecoin) Market: Sales Value (in Million US$), 2014 & 2019
Figure 18: Global: Cryptocurrency (Litecoin) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 19: Global: Cryptocurrency (Dashcoin) Market: Sales Value (in Million US$), 2014 & 2019
Figure 20: Global: Cryptocurrency (Dashcoin) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 21: Global: Cryptocurrency (Other Types) Market: Sales Value (in Million US$), 2014 & 2019
Figure 22: Global: Cryptocurrency (Other Types) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 23: Global: Cryptocurrency (Hardware) Market: Sales Value (in Million US$), 2014 & 2019
Figure 24: Global: Cryptocurrency (Hardware) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 25: Global: Cryptocurrency (Software) Market: Sales Value (in Million US$), 2014 & 2019
Figure 26: Global: Cryptocurrency (Software) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 27: Global: Cryptocurrency (Mining) Market: Sales Value (in Million US$), 2014 & 2019
Figure 28: Global: Cryptocurrency (Mining) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 29: Global: Cryptocurrency (Transaction) Market: Sales Value (in Million US$), 2014 & 2019
Figure 30: Global: Cryptocurrency (Transaction) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 31: Global: Cryptocurrency (Trading) Market: Sales Value (in Million US$), 2014 & 2019
Figure 32: Global: Cryptocurrency (Trading) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 33: Global: Cryptocurrency (Remittance) Market: Sales Value (in Million US$), 2014 & 2019
Figure 34: Global: Cryptocurrency (Remittance) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 35: Global: Cryptocurrency (Payment) Market: Sales Value (in Million US$), 2014 & 2019
Figure 36: Global: Cryptocurrency (Payment) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 37: Global: Cryptocurrency (Other Applications) Market: Sales Value (in Million US$), 2014 & 2019
Figure 38: Global: Cryptocurrency (Other Applications) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 39: North America: Cryptocurrency Market: Sales Value (in Million US$), 2014 & 2019
Figure 40: North America: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 41: United States: Cryptocurrency Market: Sales Value (in Million US$), 2014 & 2019
Figure 42: United States: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 43: Canada: Cryptocurrency Market: Sales Value (in Million US$), 2014 & 2019
Figure 44: Canada: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 45: Asia Pacific: Cryptocurrency Market: Sales Value (in Million US$), 2014 & 2019
Figure 46: Asia Pacific: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 47: China: Cryptocurrency Market: Sales Value (in Million US$), 2014 & 2019
Figure 48: China: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 49: Japan: Cryptocurrency Market: Sales Value (in Million US$), 2014 & 2019
Figure 50: Japan: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 51: India: Cryptocurrency Market: Sales Value (in Million US$), 2014 & 2019
Figure 52: India: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 53: South Korea: Cryptocurrency Market: Sales Value (in Million US$), 2014 & 2019
Figure 54: South Korea: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 55: Australia: Cryptocurrency Market: Sales Value (in Million US$), 2014 & 2019
Figure 56: Australia: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 57: Indonesia: Cryptocurrency Market: Sales Value (in Million US$), 2014 & 2019
Figure 58: Indonesia: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 59: Others: Cryptocurrency Market: Sales Value (in Million US$), 2014 & 2019
Figure 60: Others: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 61: Europe: Cryptocurrency Market: Sales Value (in Million US$), 2014 & 2019
Figure 62: Europe: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 63: Germany: Cryptocurrency Market: Sales Value (in Million US$), 2014 & 2019
Figure 64: Germany: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 65: France: Cryptocurrency Market: Sales Value (in Million US$), 2014 & 2019
Figure 66: France: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 67: United Kingdom: Cryptocurrency Market: Sales Value (in Million US$), 2014 & 2019
Figure 68: United Kingdom: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 69: Italy: Cryptocurrency Market: Sales Value (in Million US$), 2014 & 2019
Figure 70: Italy: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 71: Spain: Cryptocurrency Market: Sales Value (in Million US$), 2014 & 2019
Figure 72: Spain: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 73: Russia: Cryptocurrency Market: Sales Value (in Million US$), 2014 & 2019
Figure 74: Russia: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 75: Others: Cryptocurrency Market: Sales Value (in Million US$), 2014 & 2019
Figure 76: Others: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 77: Latin America: Cryptocurrency Market: Sales Value (in Million US$), 2014 & 2019
Figure 78: Latin America: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 79: Brazil: Cryptocurrency Market: Sales Value (in Million US$), 2014 & 2019
Figure 80: Brazil: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 81: Mexico: Cryptocurrency Market: Sales Value (in Million US$), 2014 & 2019
Figure 82: Mexico: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 83: Others: Cryptocurrency Market: Sales Value (in Million US$), 2014 & 2019
Figure 84: Others: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 85: Middle East and Africa: Cryptocurrency Market: Sales Value (in Million US$), 2014 & 2019
Figure 86: Middle East and Africa: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2020-2025
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, 2019 and 2025
Table 2: Global: Cryptocurrency Market Forecast: Breakup by Type (in Million US$), 2020-2025
Table 3: Global: Cryptocurrency Market Forecast: Breakup by Component (in Million US$), 2020-2025
Table 4: Global: Cryptocurrency Market Forecast: Breakup by Process (in Million US$), 2020-2025
Table 5: Global: Cryptocurrency Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 6: Global: Cryptocurrency Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 7: Global: Cryptocurrency Market Structure
Table 8: Global: Cryptocurrency Market: Key Players