Cryptocurrency Market Segments by Product Type (Bitcoin and Altcoins); by Application (Peer-to-Peer Payment, Retail, Trading, Remittance, Ecommerce, and Payment.) and Region – Global Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030
Product Overview
Digital cash or digital assets are cryptocurrencies. It is used to protect money transfers, monitor the development of additional units, and significant transfer of assets as a medium of exchange with data encryption. Bitcoin, bitcoin cash, Ethereum, Ripple, Litecoin, Dash coin, and many more are available in different forms of cryptocurrency. Bitcoin alternatives are termed as 'altcoins.' Cryptocurrency, except on-screen numbers representing cryptocurrencies as compared to other currencies such as the dollar, is coarsely the correspondent by using a debit card or PayPal.
Market Highlights
Global Cryptocurrency is expected to project a notable CAGR of 30.32% in 2030.
Global Cryptocurrency market to surpass USD 3474.31 million by 2030 from USD 842.36 million in 2020 at a CAGR of 30.32 % in the coming years, i.e., 2021-30. Some of the variables that increase consumer growth globally are low ownership costs, safer, and increased efficiency. Moreover, it is further expected that minimum exchange rates, interest rates, or charges for all international transactions will fuel the cryptocurrency market over the forecast period. Increased adoption of bitcoins in developing countries, greater investment in blockchain technology, and increased demand for secure international-border transactions are alleged to provide favorable prospects for advances in the cryptocurrency industry.
Global Cryptocurrency: Segments
Bitcoins segment to grow with the highest CAGR during 2020-30
Global Cryptocurrency is segmented by Product Type into Bitcoin and Altcoins. During the projected timeline, Bitcoin is expected to have the highest market share. Cryptocurrency is driven by increasing demand for trade, compliance-free transfer, and simplicity of cross-border payments. The strong growth in the cryptocurrency market is driven by the expectation that Bitcoin will be 'digital gold' and that blockchain-based tokens will reshape industries.
Payment segment to grow with the highest CAGR during 2020-30
Global Cryptocurrency is divided by Application into Peer-to-Peer Payment, Retail, Trading, Remittance, E-commerce, and Payment. The benefits of cryptocurrency payments include improved transactional security, security from fraud, a decentralized system, low fees, and consumer protection fees, and rapid international transactions. These variables help to increase crypto-currency adoption rates.
Global Cryptocurrency Market Dynamics
Drivers
Blockchain reduces the cost of ownership
The principle of blockchain and cryptography is used by cryptocurrency transactions. Cryptocurrency greatly reduces cost of ownership, and transfers are much faster and more reliable. These dimensions are projected to increase worldwide market growth. In addition, the cryptocurrency market is anticipated to enhance in the coming years at minimum exchange rates, interest rates, and charges for all international transactions.
Distributed ledger
Distributed ledger systems allow a decentralized model of paying for a digital currency system by eliminating the requirement for centralized intermediary processing. Distributed headline technology enables tracking of financial transactions. It provides virtual tracking and trading of any value by generating digital money. Blockchain offers a robust information-sharing platform. Blockchain is a kind of distributed ledger system that provides greater security in real-time for the digital economic process. In coming years, such parameters could influence the crypto-currency market.
Restraint
Lack of Regulation
There is still no regulation of the cryptocurrency market. The lack of regulations and instability about it are currently one of the main restrictive factors of crypto-monetary adoption. While financial regulators all over the globe work to develop common cryptocurrency guidelines, regulatory recognition continues to be one of the major hurdles for cryptocurrency adoption. Since distributed leader technology is still in its infancy, it raises numerous issues at national and international levels for regulators and policymakers.
Global Cryptocurrency Market: Key Players
Bitfinex
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
BitPay Inc
Bitfury Group Limited
Unocoin Technologies Private Limited
OKEx
Bitstamp
Coinbase Inc.
Circle Internet Financial Limited
Ripple Labs Inc.
BitGo
Other Prominent Players
Global Cryptocurrency Market: Regions
Global Cryptocurrency is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. During the projected timeline, APAC ought to have the highest share in the total market for cryptocurrency. This market has been segmented into China, Japan, South Korea, and APAC's Rest (RoAPAC). RoAPAC contains Singapore, Thailand, Malaysia, India, New Zealand, and Australia. China is the nation's biggest APAC market. The market in China is anticipated to be the biggest in APAC given the low power bills, the good weather, the existence of major mining enterprises, and the accessibility of venture capital funds.
Global Cryptocurrency is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Cryptocurrency Market report also contains analysis on:
Cryptocurrency Segments:
By Product Type
Bitcoin
Altcoins
By Application
Peer-to-Peer Payment
Retail
Trading
Remittance
Ecommerce
Payment
Cryptocurrency Dynamics
Cryptocurrency Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Digital cash or digital assets are cryptocurrencies. It is used to protect money transfers, monitor the development of additional units, and significant transfer of assets as a medium of exchange with data encryption. Bitcoin, bitcoin cash, Ethereum, Ripple, Litecoin, Dash coin, and many more are available in different forms of cryptocurrency. Bitcoin alternatives are termed as 'altcoins.' Cryptocurrency, except on-screen numbers representing cryptocurrencies as compared to other currencies such as the dollar, is coarsely the correspondent by using a debit card or PayPal.
Market Highlights
Global Cryptocurrency is expected to project a notable CAGR of 30.32% in 2030.
Global Cryptocurrency market to surpass USD 3474.31 million by 2030 from USD 842.36 million in 2020 at a CAGR of 30.32 % in the coming years, i.e., 2021-30. Some of the variables that increase consumer growth globally are low ownership costs, safer, and increased efficiency. Moreover, it is further expected that minimum exchange rates, interest rates, or charges for all international transactions will fuel the cryptocurrency market over the forecast period. Increased adoption of bitcoins in developing countries, greater investment in blockchain technology, and increased demand for secure international-border transactions are alleged to provide favorable prospects for advances in the cryptocurrency industry.
Global Cryptocurrency: Segments
Bitcoins segment to grow with the highest CAGR during 2020-30
Global Cryptocurrency is segmented by Product Type into Bitcoin and Altcoins. During the projected timeline, Bitcoin is expected to have the highest market share. Cryptocurrency is driven by increasing demand for trade, compliance-free transfer, and simplicity of cross-border payments. The strong growth in the cryptocurrency market is driven by the expectation that Bitcoin will be 'digital gold' and that blockchain-based tokens will reshape industries.
Payment segment to grow with the highest CAGR during 2020-30
Global Cryptocurrency is divided by Application into Peer-to-Peer Payment, Retail, Trading, Remittance, E-commerce, and Payment. The benefits of cryptocurrency payments include improved transactional security, security from fraud, a decentralized system, low fees, and consumer protection fees, and rapid international transactions. These variables help to increase crypto-currency adoption rates.
Global Cryptocurrency Market Dynamics
Drivers
Blockchain reduces the cost of ownership
The principle of blockchain and cryptography is used by cryptocurrency transactions. Cryptocurrency greatly reduces cost of ownership, and transfers are much faster and more reliable. These dimensions are projected to increase worldwide market growth. In addition, the cryptocurrency market is anticipated to enhance in the coming years at minimum exchange rates, interest rates, and charges for all international transactions.
Distributed ledger
Distributed ledger systems allow a decentralized model of paying for a digital currency system by eliminating the requirement for centralized intermediary processing. Distributed headline technology enables tracking of financial transactions. It provides virtual tracking and trading of any value by generating digital money. Blockchain offers a robust information-sharing platform. Blockchain is a kind of distributed ledger system that provides greater security in real-time for the digital economic process. In coming years, such parameters could influence the crypto-currency market.
Restraint
Lack of Regulation
There is still no regulation of the cryptocurrency market. The lack of regulations and instability about it are currently one of the main restrictive factors of crypto-monetary adoption. While financial regulators all over the globe work to develop common cryptocurrency guidelines, regulatory recognition continues to be one of the major hurdles for cryptocurrency adoption. Since distributed leader technology is still in its infancy, it raises numerous issues at national and international levels for regulators and policymakers.
Global Cryptocurrency Market: Key Players
Bitfinex
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
BitPay Inc
Bitfury Group Limited
Unocoin Technologies Private Limited
OKEx
Bitstamp
Coinbase Inc.
Circle Internet Financial Limited
Ripple Labs Inc.
BitGo
Other Prominent Players
Global Cryptocurrency Market: Regions
Global Cryptocurrency is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. During the projected timeline, APAC ought to have the highest share in the total market for cryptocurrency. This market has been segmented into China, Japan, South Korea, and APAC's Rest (RoAPAC). RoAPAC contains Singapore, Thailand, Malaysia, India, New Zealand, and Australia. China is the nation's biggest APAC market. The market in China is anticipated to be the biggest in APAC given the low power bills, the good weather, the existence of major mining enterprises, and the accessibility of venture capital funds.
Global Cryptocurrency is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Cryptocurrency Market report also contains analysis on:
Cryptocurrency Segments:
By Product Type
Bitcoin
Altcoins
By Application
Peer-to-Peer Payment
Retail
Trading
Remittance
Ecommerce
Payment
Cryptocurrency Dynamics
Cryptocurrency Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
1. EXECUTIVE SUMMARY
2. GLOBAL CRYPTOCURRENCY MARKET
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. AVERAGE PRICING ANALYSIS
5. MACRO-ECONOMIC INDICATORS
6. MARKET DYNAMICS
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. CORRELATION & REGRESSION ANALYSIS
7.1. Correlation Matrix
7.2. Regression Matrix
8. RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
9. RISK ANALYSIS
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. GLOBAL CRYPTOCURRENCY MARKET ANALYSIS
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. GLOBAL CRYPTOCURRENCY MARKET
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. GLOBAL CRYPTOCURRENCY MARKET: MARKET SEGMENTATION
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. By Product Type; by (: Market Share (2020-2030F)
12.2.1. Bitcoin, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.2. Altcoins, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By Application: Market Share (2020-2030F)
12.3.1. Peer-to-Peer Payment, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2. Retail, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.3. Remittance, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030
12.3.4. Ecommerce, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.5. Payment, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030
Company Profile
1. BITFINEX
1. COMPANY OVERVIEW
2. COMPANY TOTAL REVENUE (FINANCIALS)
3. MARKET POTENTIAL
4. GLOBAL PRESENCE
5. KEY PERFORMANCE INDICATORS
6. SWOT ANALYSIS
7. PRODUCT LAUNCH
2. BITPAY INC
3. BITFURY GROUP LIMITED
4. UNOCOIN TECHNOLOGIES PRIVATE LIMITED
5. OKEX
6. BITSTAMP
7. COINBASE INC.
8. CIRCLE INTERNET FINANCIAL LIMITED
9. RIPPLE LABS INC.
10. BITGO
11. OTHER PROMINENT PLAYERS
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
2. GLOBAL CRYPTOCURRENCY MARKET
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. AVERAGE PRICING ANALYSIS
5. MACRO-ECONOMIC INDICATORS
6. MARKET DYNAMICS
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. CORRELATION & REGRESSION ANALYSIS
7.1. Correlation Matrix
7.2. Regression Matrix
8. RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
9. RISK ANALYSIS
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. GLOBAL CRYPTOCURRENCY MARKET ANALYSIS
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. GLOBAL CRYPTOCURRENCY MARKET
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. GLOBAL CRYPTOCURRENCY MARKET: MARKET SEGMENTATION
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. By Product Type; by (: Market Share (2020-2030F)
12.2.1. Bitcoin, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.2. Altcoins, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By Application: Market Share (2020-2030F)
12.3.1. Peer-to-Peer Payment, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2. Retail, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.3. Remittance, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030
12.3.4. Ecommerce, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.5. Payment, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030
Company Profile
1. BITFINEX
1. COMPANY OVERVIEW
2. COMPANY TOTAL REVENUE (FINANCIALS)
3. MARKET POTENTIAL
4. GLOBAL PRESENCE
5. KEY PERFORMANCE INDICATORS
6. SWOT ANALYSIS
7. PRODUCT LAUNCH
2. BITPAY INC
3. BITFURY GROUP LIMITED
4. UNOCOIN TECHNOLOGIES PRIVATE LIMITED
5. OKEX
6. BITSTAMP
7. COINBASE INC.
8. CIRCLE INTERNET FINANCIAL LIMITED
9. RIPPLE LABS INC.
10. BITGO
11. OTHER PROMINENT PLAYERS
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
