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Global Cryptocurrency Market, By Category, By Elements, By Methods, By End-User, By Region (North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa Trend Analysis, Competitive Market Share & Forecast, 2018-2028

Published: | Blueweave Consulting & Research Private Limited | 188 Pages | Delivery time: 2-3 business days

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Global Cryptocurrency Market, By Category, By Elements, By Methods, By End-User, By Region (North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa Trend Analysis, Competitive Market Share & Forecast, 2018-2028
Published: May 24, 2022
Blueweave Consulting & Research Private Limited
Content info: 188 Pages
Delivery time: 2-3 business days
  • Description
  • Table of Contents
  • List of Tables

Global Cryptocurrency Market to Grow at a CAGR of 12.2% in the Forecast Period

The global cryptocurrency market is growing at a high CAGR because of the rising popularity of digital currencies as a form of investment along with the growing acceptance and formation of legal guidelines surrounding the use of cryptocurrencies…

A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global cryptocurrency market was worth USD 1.3 billion in the year 2021. The market is projected to grow at a CAGR of 12.2%, earning revenues of around USD 2.8 billion by the end of 2028. The global cryptocurrency market's current expansion is due to several causes. Advanced technical development is one of the main drivers of the business, as it makes the adoption of cryptocurrencies easier. Cryptocurrencies are built on cryptography, making them highly secure digital money in an age where cyber-security is always under threat. Furthermore, it provides greater security and speedier processing, providing digital currencies an advantage over other traditional payment options.

Growing Popularity of Bitcoins is Fostering Global Cryptocurrency Market

Bitcoin's popularity is growing by the day, and more individuals are becoming interested in cryptocurrencies as a result. As a result, it is bringing in a lot of money. Bitcoins enable speedier processing and are considerably easier to liquefy, which is one of the key causes driving their growth. Furthermore, bitcoin's value is very volatile, which has piqued the curiosity of investors. The value of a single bitcoin has increased many times in recent years, making it an excellent investment alternative.

Global Cryptocurrency Market - By Method

Based on method, the global cryptocurrency market is segmented into mining and transactions. The transaction segment holds the largest share in the global cryptocurrency market owing to the low transaction fees, fraud protection, improved security, and decentralized systems. It also provides speedy money transfers, even internationally, which has increased its appeal and applicability, expanding its market growth.

Global Cryptocurrency Market - By End-User

Based on end-user, the global cryptocurrency market is segmented into banking, stock market & virtual currency, real estate, and other. The stock market and virtual currency segment account for the largest market share and is estimated to register the highest growth rate during the forecast period as well. Cryptocurrency has already made inroads into the stock market, with several public businesses trading bitcoins and other cryptocurrencies. Many businesses have begun to accept bitcoins as a form of payment in return for their goods or services.

Global Cryptocurrency Market - Regional Insights

Geographically, the global cryptocurrency market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. North America dominates the global cryptocurrency market owing to the regulations and structured laws present in countries such as the United States. Cryptocurrency exchange rules in the United States declare that they are lawful and come under the Bank Secrecy Act's regulatory purview (BSA). However, the Middle East countries such as Dubai are anticipated to register the highest growth rate during the forecast period.

Impact of COVID-19 on Global Cryptocurrency Market

Covid-19's breakout and the subsequent pandemic had a mixed impact on the global cryptocurrency market. As China is the leading cryptocurrency market but the coronavirus situation also erupted in this country itself, it has majorly affected the market. However, the current pandemic crisis has created several opportunities for the cryptocurrency market to expand. Many nations have begun to regard cryptocurrency and its many varieties as a viable alternative to the traditional market since it has outperformed it in multiple cases. Experts say that if governments want to boost their economy and restore economic growth, they should use cryptocurrencies.

Competitive Landscape

The leading market players in the global cryptocurrency market are Microsoft Corporation, BitFury Group Limited, Advanced Micro Devices, Ripple Labs Inc., Intel Corporation, NVIDIA Corporation, Coinbase Ltd., AlphaPoint Corporation, Xilinx Inc., BitGo, and other prominent players.

To grow their consumer base and product offerings, market participants are engaging in competitive tactics such as partnerships, acquisitions, and collaborations. For simplicity of use and navigation, the firms are continually updating and innovating their trading and crypto platforms. They're also working together with developers to improve their platforms.

Don't miss the business opportunity of the global cryptocurrency market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global cryptocurrency market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the global cryptocurrency market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

About Us

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Product Code: BWC22159

Table of Contents

1. Research Framework

  • 1.1. Research Objective
  • 1.2. Category Overview
  • 1.3. Market Segmentation

2. Research Methodology

  • 2.1. Qualitative Research
    • 2.1.1. Primary & Secondary Research
  • 2.2. Quantitative Research
  • 2.3. Market Breakdown & Data Triangulation
    • 2.3.1. Secondary Research
    • 2.3.2. Primary Research
  • 2.4. Breakdown of Primary Research Respondents, By Region
  • 2.5. Assumption & Limitation

3. Executive Summary

4. Global Cryptocurrency Market Insights

  • 4.1. Industry Value Chain Analysis
  • 4.2. DROC Analysis
    • 4.2.1. Growth Drivers
    • 4.2.2. Restraints
    • 4.2.3. Opportunities
    • 4.2.4. Challenges
  • 4.3. Technological Landscape/Recent Development
  • 4.4. Regulatory Framework
  • 4.5. Porter's Five Forces Analysis
    • 4.5.1. Bargaining Power of Suppliers
    • 4.5.2. Bargaining Power of Buyers
    • 4.5.3. Threat of New Entrants
    • 4.5.4. Threat of Substitutes
    • 4.5.5. Intensity of Rivalry

5. Global Cryptocurrency Market Overview

  • 5.1. Market Size & Forecast by Value, 2018-2028
    • 5.1.1. By Value (USD Million)
  • 5.2. Market Share & Forecast
    • 5.2.1. By Category
      • 5.2.1.1. Bitcoin
      • 5.2.1.2. Ripple
      • 5.2.1.3. Ethereum
      • 5.2.1.4. Dashcoin
      • 5.2.1.5. Litecoin
      • 5.2.1.6. Others
    • 5.2.2. By Elements
      • 5.2.2.1. Software
      • 5.2.2.2. Hardware
    • 5.2.3. By Methods
    • 5.2.4. Mining
    • 5.2.5. Transactions
    • 5.2.6. By End-User
      • 5.2.6.1. Banking
      • 5.2.6.2. Stock Market & Virtual Currency
      • 5.2.6.3. Real Estate
      • 5.2.6.4. Others
    • 5.2.7. By Region
      • 5.2.7.1. North America
      • 5.2.7.2. Europe
      • 5.2.7.3. The Asia Pacific
      • 5.2.7.4. Latin America
      • 5.2.7.5. The Middle East and Africa

6. North America Cryptocurrency Market

  • 6.1. Market Size & Forecast by Value, 2018-2028
    • 6.1.1. By Value (USD Million)
  • 6.2. Market Share & Forecast
    • 6.2.1. By Category
    • 6.2.2. By Elements
    • 6.2.3. By Methods
    • 6.2.4. By End-User
    • 6.2.5. By Country
      • 6.2.5.1. United States
      • 6.2.5.2. Canada

7. Europe Cryptocurrency Market

  • 7.1. Market Size & Forecast by Value, 2018-2028
    • 7.1.1. By Value (USD Million)
  • 7.2. Market Share & Forecast
    • 7.2.1. By Category
    • 7.2.2. By Elements
    • 7.2.3. By Methods
    • 7.2.4. By End-User
    • 7.2.5. By Country
      • 7.2.5.1. Germany
      • 7.2.5.2. United Kingdom
      • 7.2.5.3. Italy
      • 7.2.5.4. France
      • 7.2.5.5. Spain
      • 7.2.5.6. Rest of Europe

8. Asia Pacific Cryptocurrency Market

  • 8.1. Market Size & Forecast by Value, 2018-2028
    • 8.1.1. By Value (USD Million)
  • 8.2. Market Share & Forecast
    • 8.2.1. By Category
    • 8.2.2. By Elements
    • 8.2.3. By Methods
    • 8.2.4. By End-User
    • 8.2.5. By Country
      • 8.2.5.1. China
      • 8.2.5.2. India
      • 8.2.5.3. Japan
      • 8.2.5.4. South Korea
      • 8.2.5.5. Rest of Asia Pacific

9. Latin America Cryptocurrency Market

  • 9.1. Market Size & Forecast by Value, 2018-2028
    • 9.1.1. By Value (USD Million)
  • 9.2. Market Share & Forecast
    • 9.2.1. By Category
    • 9.2.2. By Elements
    • 9.2.3. By Methods
    • 9.2.4. By End-User
    • 9.2.5. By Country
      • 9.2.5.1. Brazil
      • 9.2.5.2. Mexico
      • 9.2.5.3. Rest of Latin America

10. Middle East & Africa Cryptocurrency Market

  • 10.1. Market Size & Forecast by Value, 2018-2028
    • 10.1.1. By Value (USD Million)
  • 10.2. Market Share & Forecast
    • 10.2.1. By Category
    • 10.2.2. By Elements
    • 10.2.3. By Methods
    • 10.2.4. By End-User
    • 10.2.5. By Country
      • 10.2.5.1. Saudi Arabia
      • 10.2.5.2. UAE
      • 10.2.5.3. South Africa
      • 10.2.5.4. Rest of Middle East & Africa

11. Competitive Landscape

  • 11.1. List of Key Players and Their Category
  • 11.2. Market Share Analysis, 2021
  • 11.3. Competitive Benchmarking, By Operating Parameters
  • 11.4. Key Strategic Development (Merger, Acquisition, Partnership.)

12. Impact of COVID-19 on Global Cryptocurrency Market Industry

13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **

  • 13.1. Microsoft Corporation
  • 13.2. BitFury Group Limited
  • 13.3. Advanced Micro Devices
  • 13.4. Ripple Labs Inc.
  • 13.5. Intel Corporation
  • 13.6. NVIDIA Corporation
  • 13.7. Coinbase Ltd.
  • 13.8. AlphaPoint Corporation
  • 13.9. Xilinx Inc.
  • 13.10. BitGo
  • 13.11. Other Prominent Players

14. Key Strategic Recommendations

List of Figures

  • Figure 1 Global Cryptocurrency Segmentation
  • Figure 2 Global Cryptocurrency Market Value Chain Analysis
  • Figure 3 Company Market Share Analysis, 2021
  • Figure 4 Global Cryptocurrency Market Size, By Value (USD Million), 2018-2028
  • Figure 5 Global Cryptocurrency Market Share, By Category, By Value, 2018-2028
  • Figure 6 Global Cryptocurrency Market Share, By Elements, By Value, 2018-2028
  • Figure 7 Global Cryptocurrency Market Share, By Methods, By Value, 2018-2028
  • Figure 8 Global Cryptocurrency Market Share, By End-User, By Value, 2018-2028
  • Figure 9 Global Cryptocurrency Market Share, By Region, By Value, 2018-2028
  • Figure 10 North America Cryptocurrency Market Size, By Value (USD Million), 2018-2028
  • Figure 11 North America Cryptocurrency Market Share, By Category, By Value, 2018-2028
  • Figure 12 North America Cryptocurrency Market Share, By Elements, By Value, 2018-2028
  • Figure 13 North America Cryptocurrency Market Share, By Methods, By Value, 2018-2028
  • Figure 14 North America Cryptocurrency Market Share, By End-User, By Value, 2018-2028
  • Figure 15 North America Cryptocurrency Market Share, By Country, By Value, 2018-2028
  • Figure 16 Europe Cryptocurrency Market Size, By Value (USD Million), 2018-2028
  • Figure 17 Europe Cryptocurrency Market Share, By Category, By Value, 2018-2028
  • Figure 18 Europe Cryptocurrency Market Share, By Elements, By Value, 2018-2028
  • Figure 19 Europe Cryptocurrency Market Share, By Methods, By Value, 2018-2028
  • Figure 20 Europe Cryptocurrency Market Share, By End-User, By Value, 2018-2028
  • Figure 21 Europe Cryptocurrency Market Share, By Country, By Value, 2018-2028
  • Figure 22 Asia-Pacific Cryptocurrency Market Size, By Value (USD Million), 2018-2028
  • Figure 23 Asia-Pacific Cryptocurrency Market Share, By Category, By Value, 2018-2028
  • Figure 24 Asia-Pacific Cryptocurrency Market Share, By Elements, By Value, 2018-2028
  • Figure 25 Asia-Pacific Cryptocurrency Market Share, By Methods, By Value, 2018-2028
  • Figure 26 Asia-Pacific Cryptocurrency Market Share, By End-User, By Value, 2018-2028
  • Figure 27 Asia-Pacific Cryptocurrency Market Share, By Country, By Value, 2018-2028
  • Figure 28 Latin America Cryptocurrency Market Size, By Value (USD Million), 2018-2028
  • Figure 29 Latin America Cryptocurrency Market Share, By Category, By Value, 2018-2028
  • Figure 30 Latin America Cryptocurrency Market Share, By Elements, By Value, 2018-2028
  • Figure 31 Latin America Cryptocurrency Market Share, By Methods, By Value, 2018-2028
  • Figure 32 Latin America Cryptocurrency Market Share, By End-User, By Value, 2018-2028
  • Figure 33 Latin America Cryptocurrency Market Share, By Country, By Value, 2018-2028
  • Figure 34 Middle East & Africa Cryptocurrency Market Size, By Value (USD Million), 2018-2028
  • Figure 35 Middle East & Africa Cryptocurrency Market Share, By Category, By Value, 2018-2028
  • Figure 36 Middle East & Africa Cryptocurrency Market Share, By Elements, By Value, 2018-2028
  • Figure 37 Middle East & Africa Cryptocurrency Market Share, By Methods, By Value, 2018-2028
  • Figure 38 Middle East & Africa Cryptocurrency Market Share, By End-User, By Value, 2018-2028
  • Figure 39 Middle East & Africa Cryptocurrency Market Share, By Country, By Value, 2018-2028

List of Tables

  • Table 1 Global Cryptocurrency Market Size, By Category, By Value, 2018-2028
  • Table 2 Global Cryptocurrency Market Size, By Elements, By Value, 2018-2028
  • Table 3 Global Cryptocurrency Market Size, By Methods, By Value, 2018-2028
  • Table 4 Global Cryptocurrency Market Size, By End-User, By Value, 2018-2028
  • Table 5 Global Cryptocurrency Market Size, By Region, By Value, 2018-2028
  • Table 6 North America Cryptocurrency Market Size, By Category, By Value, 2018-2028
  • Table 7 North America Cryptocurrency Market Size, By Elements, By Value, 2018-2028
  • Table 8 North America Cryptocurrency Market Size, By Methods, By Value, 2018-2028
  • Table 9 North America Cryptocurrency Market Size, By End-User, By Value, 2018-2028
  • Table 10 North America Cryptocurrency Market Size, By Country, By Value, 2018-2028
  • Table 11 Europe Cryptocurrency Market Size, By Category, By Value, 2018-2028
  • Table 12 Europe Cryptocurrency Market Size, By Elements, By Value, 2018-2028
  • Table 13 Europe Cryptocurrency Market Size, By Methods, By Value, 2018-2028
  • Table 14 Europe Cryptocurrency Market Size, By End-User, By Value, 2018-2028
  • Table 15 Europe Cryptocurrency Market Size, By Country, By Value, 2018-2028
  • Table 16 Asia-Pacific Cryptocurrency Market Size, By Category, By Value, 2018-2028
  • Table 17 Asia-Pacific Cryptocurrency Market Size, By Elements, By Value, 2018-2028
  • Table 18 Asia-Pacific Cryptocurrency Market Size, By Methods, By Value, 2018-2028
  • Table 19 Asia-Pacific Cryptocurrency Market Size, By End-User, By Value, 2018-2028
  • Table 20 Asia-Pacific Cryptocurrency Market Size, By Country, By Value, 2018-2028
  • Table 21 Latin America Cryptocurrency Market Size, By Category, By Value, 2018-2028
  • Table 22 Latin America Cryptocurrency Market Size, By Elements, By Value, 2018-2028
  • Table 23 Latin America Cryptocurrency Market Size, By Methods, By Value, 2018-2028
  • Table 24 Latin America Cryptocurrency Market Size, By End-User, By Value, 2018-2028
  • Table 25 Latin America Cryptocurrency Market Size, By Country, By Value, 2018-2028
  • Table 26 Middle East & Africa Cryptocurrency Market Size, By Category, By Value, 2018-2028
  • Table 27 Middle East & Africa Cryptocurrency Market Size, By Elements, By Value, 2018-2028
  • Table 28 Middle East & Africa Cryptocurrency Market Size, By Methods, By Value, 2018-2028
  • Table 29 Middle East & Africa Cryptocurrency Market Size, By End-User, By Value, 2018-2028
  • Table 30 Middle East & Africa Cryptocurrency Market Size, By Country, By Value, 2018-2028
  • Table 31 Microsoft Corporation Company Overview
  • Table 32 Microsoft Corporation Financial Overview
  • Table 33 BitFury Group Limited Company Overview
  • Table 34 BitFury Group Limited Financial Overview
  • Table 35 Advanced Micro Devices Company Overview
  • Table 36 Advanced Micro Devices Financial Overview
  • Table 37 Ripple Labs Inc Company Overview
  • Table 38 Ripple Labs Inc Financial Overview
  • Table 39 Intel Corporation Company Overview
  • Table 40 Intel Corporation Financial Overview
  • Table 41 NVIDIA Corporation Company Overview
  • Table 42 NVIDIA Corporation Financial Overview
  • Table 43 Coinbase Ltd. Company Overview
  • Table 44 Coinbase Ltd. Financial Overview
  • Table 45 AlphaPoint Corporation Company Overview
  • Table 46 AlphaPoint Corporation Financial Overview
  • Table 47 Xilinx Inc. Company Overview
  • Table 48 Xilinx Inc. Financial Overview
  • Table 49 BitGo Company Overview
  • Table 50 BitGo Financial Overview