SHARE
Cryptocurrency Market

Cryptocurrency Market Forecasts to 2028 – Global Analysis By Offering (Hardware, Software), Type (Bitcoin, Cardano, Ripple (Xrp)), End User (BFSI, Commerce, Education, Healthcare, Remittance, Travel & Tourism) and By Geography

4.9 (46 reviews)
Published: July 2021 ID: SMRC20785
4.9 (46 reviews)
Published: July 2021 ID: SMRC20785

This report covers the impact of COVID-19 on this global market
Loading...

According to Stratistics MRC, the Global Cryptocurrency Market is accounted for $1.49 billion in 2020 and is expected to reach $2.99 billion by 2028 growing at a CAGR of 9.1% during the forecast period. The high inflow of remittances to developing countries is propelling growth in venture capital investments is driving the market growth. However, lack of awareness and technical understanding regarding crypto currencies are hampering the growth of the market.

A crypto currency is a digital or virtual currency that is protected by cryptography, which makes it nearly difficult to counterfeit or double-spend. Many cryptocurrencies are reorganized networks based on blockchain technology a distributed ledger imposed by a dissimilar network of computers.

Based on the process, the mining segment is going to have lucrative growth during the forecast period. Mining is an essential process for the transmission, generation and authentication of transactions in cryptocurrencies. It authorizes secure, stable and safe propagation of the currency from a spender to a receiver. Not like fiat currency, where a centralized authority controls and legalizes the transactions, cryptocurrencies are decentralized and work on a peer-to-peer system. By geography, Asia Pacific is going to have high growth during the forecast period. China is the largest market among all APAC countries, due to the low cost of electricity, and existence of big mining companies.

Some of the key players profiled in the Cryptocurrency Market include Binance, Advanced Micro Devices Inc Bitfury Group Limited, Bitgo, Bitmain Technologies Ltd, Bitstamp Ltd, Canaan Creative Co Ltd, Coinbase, Ethereum Foundation, Ifinex Inc, Intel, Nvidia, Ripple, Xilinx and Zhejiang Ebang Communication Co., Ltd.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 1.49 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

9.1%

Predicted 2028 Value:

USD 2.99 billion

Forecast Years:

2021-2028

Tables, Graphs& Figures

366

Chapters Covered:

Offering, Process, Type, Design Goal, End User and Region

Core Drivers and Opportunities:

  • High inflow of remittances to developing countries
  • Progress in venture capital investments
  • Rising acceptance of cryptocurrency across several industries

Restraining Factors & Market Threats:

  • Lack of awareness
  • Technical understanding regarding crypto currencies


Offerings Covered:
• Hardware
• Software

Process’s Covered:
• Transaction
• Mining
• Vaults
• Encryption   

Types Covered:
• Bitcoin
• Bitcoin Cash
• Cardano
• Dashcoin
• Ether (ETC)
• Ether Classic
• Ethereum
• Litecoin (Ltc)
• Ripple (Xrp)
• Tether
• Other Types  

Design Goals Covered:
• Digital Cash Coins

End Users Covered:
• Banking, financial services and insurance (BFSI)
• Commerce
• Education
• Gaming Industry
• Healthcare
• Media And Entertainment
• Peer-To-Peer Payment
• Remittance
• Retail & Ecommerce
• Transportation & Logistics
• Travel & Tourism

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Cryptocurrency Market is majorly driven by the high inflow of remittances to developing countries is propelling growth in venture capital investments.

The mining segment is growing at a highest CAGR owing to factor such as mining is an essential process for the transmission, generation and authentication of transactions in cryptocurrencies.

Europe dominated with a significant market share due to the factors such as minimal ownership cost, safer, and quicker transactions across the region.

Asia Pacific market is growing at a highest CAGR owing to the high-technology investment, penetration of e-payments and existence of big mining companies in the region.

Key players in Cryptocurrency Market include Binance, Advanced Micro Devices IncBitfury Group Limited, Bitgo, Bitmain Technologies Ltd, Bitstamp Ltd, Canaan Creative Co Ltd, Coinbase, Ethereum Foundation, IfinexInc, Intel, Nvidia, Ripple, Xilinx and Zhejiang Ebang Communication Co., Ltd.

1 Executive Summary       
        
2 Preface       

 2.1 Abstract      
 2.2 Stake Holders      
 2.3 Research Scope      
 2.4 Research Methodology      
  2.4.1 Data Mining     
  2.4.2 Data Analysis     
  2.4.3 Data Validation     
  2.4.4 Research Approach     
 2.5 Research Sources      
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources     
  2.5.3 Assumptions     
        
3 Market Trend Analysis       
 3.1 Introduction      
 3.2 Drivers      
 3.3 Restraints      
 3.4 Opportunities      
 3.5 Threats      
 3.6 End User Analysis      
 3.7 Emerging Markets      
 3.8 Impact of Covid-19      
        
4 Porters Five Force Analysis       
 4.1 Bargaining Power Of Suppliers      
 4.2 Bargaining Power Of Buyers      
 4.3 Threat Of Substitutes      
 4.4 Threat Of New Entrants      
 4.5 Competitive Rivalry      
        
5 Global Cryptocurrency Market, By Offering       
 5.1 Introduction      
 5.2 Hardware      
  5.2.1 Application-Specific Integrated Circuit (ASIC)     
  5.2.2 Field Programmable Gate Array (FPGA)     
  5.2.3 Graphical Processing Units (GPUs)     
  5.2.4 Storage      
 5.3 Software      
  5.3.1 Trading Software     
  5.3.2 Mining Software     
  5.3.3 Coin Walltet     
  5.3.4 Blockchain     
         
6 Global Cryptocurrency Market, By Process       
 6.1 Introduction      
 6.2 Transaction      
  6.2.1 Exchange     
  6.2.2 Paper Wallet     
  6.2.3 Web Wallet     
 6.3 Mining       
  6.3.1 Cloud Mining     
  6.3.2 Pool Mining     
  6.3.3 Solo Mining     
 6.4 Vaults      
 6.5 Encryption      
        
7 Global Cryptocurrency Market, By Type       
 7.1 Introduction      
 7.2 Bitcoin      
 7.3 Bitcoin Cash      
 7.4 Cardano      
 7.5 Dashcoin      
 7.6 Ether (ETC)       
 7.7 Ether Classic      
 7.8 Ethereum      
 7.9 Litecoin (LTC)      
 7.10 Ripple (XRP)      
 7.11 Tether      
 7.12 Other Types      
  7.12.1 Dash     
  7.12.2 Dogecoin     
  7.12.3 Moneor     
        
8 Global Cryptocurrency Market, By Design Goal       
 8.1 Introduction      
 8.2 Digital Cash Coins      
  8.2.1 General Platform Tokens     
  8.2.2 Payment Infrastructure Tokens     
  8.2.3 Securities Tokens     
  8.2.4 Utility Tokens     
        
9 Global Cryptocurrency Market, By End User       
 9.1 Introduction      
 9.2 Banking, Financial Services and Insurance (BFSI)      
 9.3 Real Estate      
 9.4 Education      
 9.5 Gaming Industry      
 9.6 Healthcare      
 9.7 Media And Entertainment      
 9.8 Peer-To-Peer Payment      
 9.9 Remittance      
 9.10 Retail & Ecommerce      
  9.10.1 Overstock     
  9.10.2 Newegg     
  9.10.3 Cryptopet     
  9.10.4 Beesbros     
  9.10.5 Bitgild     
 9.11 Transportation & Logistics       
 9.12 Travel & Tourism      
        
10 Global Cryptocurrency Market, By Geography       
 10.1 Introduction      
 10.2 North America      
  10.2.1 US     
  10.2.2 Canada     
  10.2.3 Mexico     
 10.3 Europe      
  10.3.1 Germany     
  10.3.2 UK     
  10.3.3 Italy     
  10.3.4 France     
  10.3.5 Spain     
  10.3.6 Rest of Europe     
 10.4 Asia Pacific      
  10.4.1 Japan     
  10.4.2 China     
  10.4.3 India     
  10.4.4 Australia     
  10.4.5 New Zealand     
  10.4.6 South Korea      
  10.4.7 Rest of Asia Pacific     
 10.5 South America      
  10.5.1 Argentina     
  10.5.2 Brazil     
  10.5.3 Chile     
  10.5.4 Rest of South America     
 10.6 Middle East & Africa      
  10.6.1 Saudi Arabia     
  10.6.2 UAE     
  10.6.3 Qatar     
  10.6.4 South Africa     
  10.6.5 Rest of Middle East & Africa     
        
11 Key Developments       
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures      
 11.2 Acquisitions & Mergers      
 11.3 New Product Launch      
 11.4 Expansions      
 11.5 Other Key Strategies      
        
12 Company Profiling       
 12.1 Binance      
 12.2 Advanced Micro Devices Inc.      
 12.3 Bitfury Group Limited      
 12.4 Bitgo      
 12.5 Bitmain Technologies Ltd      
 12.6 Bitstamp Ltd      
 12.7 Canaan Creative Co. Ltd      
 12.8 Coinbase      
 12.9 Ethereum Foundation      
 12.10 Ifinex Inc      
 12.11 Intel      
 12.12 Nvidia      
 12.13 Ripple      
 12.14 Xilinx      
 12.15 Zhejiang Ebang Communication Co., Ltd      


List of Tables        
1 Global Cryptocurrency Market Outlook, By Region (2019-2028) (US $MN)        
2 Global Cryptocurrency Market Outlook, By Offering (2019-2028) (US $MN)       
3 Global Cryptocurrency Market Outlook, By Hardware (2019-2028) (US $MN)       
4 Global Cryptocurrency Market Outlook, By Application-Specific Integrated Circuit (ASIC) (2019-2028) (US $MN)       
5 Global Cryptocurrency Market Outlook, By Field Programmable Gate Array (FPGA) (2019-2028) (US $MN)       
6 Global Cryptocurrency Market Outlook, By Graphical Processing Units (GPUs) (2019-2028) (US $MN)       
7 Global Cryptocurrency Market Outlook, By Storage  (2019-2028) (US $MN)       
8 Global Cryptocurrency Market Outlook, By Software (2019-2028) (US $MN)       
9 Global Cryptocurrency Market Outlook, By Trading Software (2019-2028) (US $MN)       
10 Global Cryptocurrency Market Outlook, By Mining Software (2019-2028) (US $MN)       
11 Global Cryptocurrency Market Outlook, By Coin Walltet (2019-2028) (US $MN)       
12 Global Cryptocurrency Market Outlook, By Blockchain (2019-2028) (US $MN)       
13 Global Cryptocurrency Market Outlook, By Process (2019-2028) (US $MN)       
14 Global Cryptocurrency Market Outlook, By Transaction (2019-2028) (US $MN)       
15 Global Cryptocurrency Market Outlook, By Exchange (2019-2028) (US $MN)       
16 Global Cryptocurrency Market Outlook, By Paper Wallet (2019-2028) (US $MN)       
17 Global Cryptocurrency Market Outlook, By Web Wallet (2019-2028) (US $MN)       
18 Global Cryptocurrency Market Outlook, By Mining  (2019-2028) (US $MN)       
19 Global Cryptocurrency Market Outlook, By Cloud Mining (2019-2028) (US $MN)       
20 Global Cryptocurrency Market Outlook, By Pool Mining (2019-2028) (US $MN)       
21 Global Cryptocurrency Market Outlook, By Solo Mining (2019-2028) (US $MN)       
22 Global Cryptocurrency Market Outlook, By Vaults (2019-2028) (US $MN)       
23 Global Cryptocurrency Market Outlook, By Encryption (2019-2028) (US $MN)       
24 Global Cryptocurrency Market Outlook, By Type (2019-2028) (US $MN)       
25 Global Cryptocurrency Market Outlook, By Bitcoin (2019-2028) (US $MN)       
26 Global Cryptocurrency Market Outlook, By Bitcoin Cash (2019-2028) (US $MN)       
27 Global Cryptocurrency Market Outlook, By Cardano (2019-2028) (US $MN)       
28 Global Cryptocurrency Market Outlook, By Dashcoin (2019-2028) (US $MN)       
29 Global Cryptocurrency Market Outlook, By Ether (ETC) (2019-2028) (US $MN)        
30 Global Cryptocurrency Market Outlook, By Ether Classic (2019-2028) (US $MN)       
31 Global Cryptocurrency Market Outlook, By Ethereum (2019-2028) (US $MN)       
32 Global Cryptocurrency Market Outlook, By Litecoin (LTC) (2019-2028) (US $MN)        
33 Global Cryptocurrency Market Outlook, By Ripple (XRP) (2019-2028) (US $MN)       
34 Global Cryptocurrency Market Outlook, By Tether (2019-2028) (US $MN)       
35 Global Cryptocurrency Market Outlook, By Other Types (2019-2028) (US $MN)       
36 Global Cryptocurrency Market Outlook, By Dash (2019-2028) (US $MN)       
37 Global Cryptocurrency Market Outlook, By Dogecoin (2019-2028) (US $MN)       
38 Global Cryptocurrency Market Outlook, By Moneor (2019-2028) (US $MN)       
39 Global Cryptocurrency Market Outlook, By Design Goal (2019-2028) (US $MN)       
40 Global Cryptocurrency Market Outlook, By Digital Cash Coins (2019-2028) (US $MN)       
41 Global Cryptocurrency Market Outlook, By General Platform Tokens (2019-2028) (US $MN)       
42 Global Cryptocurrency Market Outlook, By Payment Infrastructure Tokens (2019-2028) (US $MN)       
43 Global Cryptocurrency Market Outlook, By Securities Tokens (2019-2028) (US $MN)       
44 Global Cryptocurrency Market Outlook, By Utility Tokens (2019-2028) (US $MN)       
45 Global Cryptocurrency Market Outlook, By End User (2019-2028) (US $MN)       
46 Global Cryptocurrency Market Outlook, By Banking, Financial Services and Insurance (BFSI) (2019-2028) (US $MN)       
47 Global Cryptocurrency Market Outlook, By Real Estate (2019-2028) (US $MN)       
48 Global Cryptocurrency Market Outlook, By Education (2019-2028) (US $MN)       
49 Global Cryptocurrency Market Outlook, By Gaming Industry (2019-2028) (US $MN)       
50 Global Cryptocurrency Market Outlook, By Healthcare (2019-2028) (US $MN)       
51 Global Cryptocurrency Market Outlook, By Media And Entertainment (2019-2028) (US $MN)       
52 Global Cryptocurrency Market Outlook, By Peer-To-Peer Payment (2019-2028) (US $MN)       
53 Global Cryptocurrency Market Outlook, By Remittance (2019-2028) (US $MN)       
54 Global Cryptocurrency Market Outlook, By Retail & Ecommerce (2019-2028) (US $MN)       
55 Global Cryptocurrency Market Outlook, By Overstock (2019-2028) (US $MN)       
56 Global Cryptocurrency Market Outlook, By Newegg (2019-2028) (US $MN)       
57 Global Cryptocurrency Market Outlook, By Cryptopet (2019-2028) (US $MN)       
58 Global Cryptocurrency Market Outlook, By Beesbros (2019-2028) (US $MN)       
59 Global Cryptocurrency Market Outlook, By Bitgild (2019-2028) (US $MN)       
60 Global Cryptocurrency Market Outlook, By Transportation & Logistics  (2019-2028) (US $MN)       
61 Global Cryptocurrency Market Outlook, By Travel & Tourism (2019-2028) (US $MN)        
        
Note: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are represented in the same manner above.        

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

Select License Type

Allows one person to have access to the ordered product.The ordered product cannot be distributed to anyone else.
Allows the ordered product to be shared among a maximum of 5 people within your organisation.
Allows the product to be shared among all employees of your organisation at one particular location.
Allows the product to be shared among all employees of your organisation regardless of their geographical location.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials