[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Cryptocurrency Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

March 2023 | 146 pages | ID: C631B1D4FBB5EN
IMARC Group

US$ 2,499.00

E-mail Delivery (PDF), Hard Copy Mail Delivery, CD-ROM Mail Delivery

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
Market Overview:

The global cryptocurrency market size reached US$ 2,019 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4,007 Billion by 2028, exhibiting a growth rate (CAGR) of 11.7% during 2023-2028.

Cryptocurrency refers to a form of digital currency that is considered a virtual asset and difficult to counterfeit. It is a decentralized network based on blockchain technology that is not issued by any central authority and exists outside the control of governments. It is created by the process of crypto mining, wherein a high-powered graphics processing unit (GPU) system is utilized to decrypt the cryptographic hash for producing a new block. Cryptocurrency is mainly acquired by crypto exchange, where users buy a cryptocurrency either with a fiat currency or with any other cryptocurrency. It secures decentralized transactions with public and private keys and various forms of incentive systems, such as proof of stake. It can be mined or purchased from cryptocurrency exchanges and utilized for purchasing products or services online. It can also be employed by banks to facilitate transfers between various geographical locations. As cryptocurrency offers flexible transaction facilities and efficient protection of personal assets, the demand for cryptocurrency is increasing around the world.

Cryptocurrency Market Trends:

At present, the rising demand for cryptocurrency to make effortless and borderless transactions represents one of the primary factors influencing the market positively. Besides this, the increasing online shopping activities to purchase products and services at discounted prices is propelling the growth of the market. In addition, the growing utilization of online payment methods to make cashless payments and earn cashback on every transaction is offering a favorable market outlook. Apart from this, the escalating demand for operational efficiency and transparency in financial payment systems, along with the rising awareness among the masses about the benefits of utilizing cryptocurrencies, is contributing to the growth of the market. Additionally, the increasing employment of blockchain technology in the financial industry to secure transactions and verify and trace multistep payments is strengthening the market growth. Moreover, there is a rise in the usage of distributed ledger technology to share, record, and synchronize transactions and data across a distributed network comprising numerous participants. This, coupled with the increasing digital investments by individuals in venture capital, is supporting the market growth. Furthermore, governing agencies of various countries are undertaking initiatives to make the use of cryptocurrency legal, which is bolstering the market growth.

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 2023-2028. Our report has categorized the market based on type, component, process and application.

Type Insights:

Bitcoin
Ethereum
Bitcoin Cash
Ripple
Litecoin
Dashcoin
Others


The report has provided a detailed breakup and analysis of the cryptocurrency market based on the type. This includes bitcoin, ethereum, bitcoin cash, ripple, litecoin, dashcoin, and others. According to the report, bitcoin represented the largest segment.

Component Insights:

Hardware
Software


A detailed breakup and analysis of the cryptocurrency market based on the component has also been provided in the report. This includes hardware and software. According to the report, software accounted for the largest market share.

Process Insights:

Mining
Transaction


A detailed breakup and analysis of the cryptocurrency market based on the process has also been provided in the report. This includes mining and transaction. According to the report, transaction accounted for the largest market share.

Application Insights:

Trading
Remittance
Payment
Others


A detailed breakup and analysis of the cryptocurrency market based on the application has also been provided in the report. This includes trading, remittance, payment, and others. According to the report, trading accounted for the largest market share.

Regional Insights

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


The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (the United Kingdom, Germany, France, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, Europe was the largest market for cryptocurrency. Some of the factors driving Europe cryptocurrency market included the growing traction of virtual assets, increasing awareness about the benefits of cryptocurrencies, legalization of cryptocurrency in several countries, etc.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global cryptocurrency market. Detailed profiles of all major companies have also been provided. Some of the companies covered 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. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report:

What was the size of the global cryptocurrency market in 2022?
What is the expected growth rate of the global cryptocurrency market during 2023-2028?
What are the key factors driving the global cryptocurrency market?
What has been the impact of COVID-19 on the global cryptocurrency market?
What is the breakup of the global cryptocurrency market based on the type?
What is the breakup of the global cryptocurrency market based on the component?
What is the breakup of the global cryptocurrency market based on the process?
What is the breakup of the global cryptocurrency market based on the application?
What are the key regions in the global cryptocurrency market?
Who are the key players/companies in the global cryptocurrency market?
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 TABLES

Table 1: Global: Cryptocurrency Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Cryptocurrency Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Cryptocurrency Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 4: Global: Cryptocurrency Market Forecast: Breakup by Process (in Million US$), 2023-2028
Table 5: Global: Cryptocurrency Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 6: Global: Cryptocurrency Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Cryptocurrency Market Structure
Table 8: Global: Cryptocurrency Market: Key Players


LIST OF FIGURES

Figure 1: Global: Cryptocurrency Market: Major Drivers and Challenges
Figure 2: Global: Cryptocurrency Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Cryptocurrency Market: Breakup by Type (in %), 2022
Figure 4: Global: Cryptocurrency Market: Breakup by Component (in %), 2022
Figure 5: Global: Cryptocurrency Market: Breakup by Process (in %), 2022
Figure 6: Global: Cryptocurrency Market: Breakup by Application (in %), 2022
Figure 7: Global: Cryptocurrency Market: Breakup by Region (in %), 2022
Figure 8: Global: Cryptocurrency Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Cryptocurrency (Bitcoin) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Cryptocurrency (Bitcoin) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Cryptocurrency (Ethereum) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Cryptocurrency (Ethereum) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Cryptocurrency (Bitcoin Cash) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Cryptocurrency (Bitcoin Cash) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Cryptocurrency (Ripple) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Cryptocurrency (Ripple) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Cryptocurrency (Litecoin) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Cryptocurrency (Litecoin) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Cryptocurrency (Dashcoin) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Cryptocurrency (Dashcoin) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Cryptocurrency (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Cryptocurrency (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Cryptocurrency (Hardware) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Cryptocurrency (Hardware) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Cryptocurrency (Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Cryptocurrency (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Cryptocurrency (Mining) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Cryptocurrency (Mining) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Cryptocurrency (Transaction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Cryptocurrency (Transaction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Cryptocurrency (Trading) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Cryptocurrency (Trading) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Cryptocurrency (Remittance) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Cryptocurrency (Remittance) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Cryptocurrency (Payment) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Cryptocurrency (Payment) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Cryptocurrency (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Cryptocurrency (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: North America: Cryptocurrency Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: North America: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: United States: Cryptocurrency Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: United States: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Canada: Cryptocurrency Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Canada: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Asia Pacific: Cryptocurrency Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Asia Pacific: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: China: Cryptocurrency Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: China: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Japan: Cryptocurrency Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Japan: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: India: Cryptocurrency Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: India: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: South Korea: Cryptocurrency Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: South Korea: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Australia: Cryptocurrency Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Australia: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Indonesia: Cryptocurrency Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Indonesia: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Others: Cryptocurrency Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Others: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Europe: Cryptocurrency Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Europe: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Germany: Cryptocurrency Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Germany: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: France: Cryptocurrency Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: France: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: United Kingdom: Cryptocurrency Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: United Kingdom: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Italy: Cryptocurrency Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Italy: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Spain: Cryptocurrency Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Spain: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Russia: Cryptocurrency Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Russia: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Others: Cryptocurrency Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Others: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Latin America: Cryptocurrency Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Latin America: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Brazil: Cryptocurrency Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Brazil: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Mexico: Cryptocurrency Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Mexico: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Others: Cryptocurrency Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Others: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Middle East and Africa: Cryptocurrency Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Middle East and Africa: Cryptocurrency Market Forecast: Sales Value (in Million US$), 2023-2028
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


More Publications