Market Overview:
The global cryptocurrency market size reached a value of US$ 1,782 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 32,420 Billion by 2027, exhibiting at a 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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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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 a detailed analysis of the key trends in each sub-segment of the global cryptocurrency market, coupled with forecasts for growth at the regional and global levels from 2022-2027. Our report has categorized the cryptocurrency 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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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
Software holds the majority of the market share since it is utilized for matching, selling and buying from users.
Breakup by Process:
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
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- 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 Device, Inc., Cryptomove Inc., AlphaPoint Corporation, Intel Corporation, Microsoft Corporation, Quantstamp, Inc., Ripple Labs Inc., Coinbase Global, 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 Labs 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 Labs 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