Global Cryptocurrency

Global Cryptocurrency Market Research Report: Forecast (2022-27)

By Component ((Hardware, FPGA, ASIC, GPU, CPU), Software (Mining Platform, Exchange, Wallet, Blockchain)), By Application (Trading, E-commerce & Retail, Peer-to-Peer (P2P) Payments, Remittance) By Typ Read more

  • FinTech
  • May 2022
  • 180
  • FT44003

Market Definition

Cryptocurrency, a virtual currency secured using cryptography to track transactions & prevent fraudulent acts, works through decentralized networks based on Blockchain technology. It eliminates the chances of identity theft using authenticated security passwords linked with users' digital wallets and thus ensures superior safety. Presently, cryptocurrency is increasingly becoming popular & preferred over traditional currencies in several countries worldwide since it allows instant payments with nil transaction charges.

Market Insights

The Global Cryptocurrency Market is projected to grow at a CAGR of more than 50% during the forecast period, i.e., 2022-27. The substantially growing market is driven principally by rapidly increasing market caps & transaction volumes of cryptocurrencies, coupled with a rapid surge in venture capital funding and massive global investments in fintech companies. Besides, the mounting popularity of virtual currencies like Bitcoin, Ethereum, & Litecoin, among others, is also contributing to the growth of the cryptocurrency market globally.

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR (2022-2027) 50%
Regions Covered North America: USA, Canada
Europe: Germany, France, Italy, UK, Russia
Asia-Pacific: China, India, Japan, South Korea, Australia
South America: Brazil
Middle East & Africa: Saudi Arabia, Israel, Turkey
Key Companies Profiled Advanced Micro Devices, Inc. Bitfury Group Limited. Bitmain Technologies Ltd. Coinbase CryptoMove Inc. Intel Corporation Ledger SAS Nvidia Corporation Quantstamp Inc. Ripple Labs, Inc. Xilinx, Inc. Others
Unit Denominations USD Million/Billion

Moreover, the integration of Blockchain technology into these digital currencies to attain decentralized, transparent, fast, & more secure transactions is another prominent aspect augmenting the growth of the global market. With Blockchain, the chances of fraudulent & undesirable transactions due to data manipulation or manual or machine errors are minimal.

As a result, more and more companies are collaborating & investing significantly in cryptocurrency to provide users with highly efficient services. In addition, governments of several countries are legalizing cryptocurrencies for purchasing, selling, or trading. Hence, the aspects cited above, coupled with the increasing prevalence of cyberattacks worldwide, are instigating the need for using cryptocurrencies to monitor any modifications in real-time and, in turn, boost the overall data security, thereby driving the global market.

Impact of Covid-19 on the Global Cryptocurrency Market

The advent of Covid-19 in 2020 severely impacted many businesses worldwide. However, the Global Cryptocurrency Market has grown, and the same trend is likely even in the forthcoming years. Initially, cryptocurrency slumped to quite a small value but afterward witnessed ample growth. The swift rise in the availability of high-speed internet, coupled with digital transformations worldwide, resulted in a steep surge in trading transactions and flourishing market values of cryptocurrencies amidst the global crisis. With all uncertainties surfaced due to the pandemic, Ethereum, Bitcoin, & other digital currencies observed significant traction. Moreover, for the first time, banks started accepting these virtual currencies and, in turn, contributed notably to the expansion of the global market in 2020.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Market Segmentation
    4. Assumptions
  2. Preface
  3. Executive Summary
  4. Impact of COVID-19 on Global Cryptocurrency Market
  5. Global Cryptocurrency Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  6. Global Cryptocurrency Market Policies, Regulations, Product Standards
  7. Global Cryptocurrency Market Trends & Insights
  8. Global Cryptocurrency Market Hotspot & Opportunities
  9. Global Cryptocurrency Market Key Strategic Imperatives for Success & Growth
  10. Global Cryptocurrency Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Component
        1. Hardware
          1. FPGA
          2. ASIC
          3. GPU
          4. CPU
        2. Software
          1. Mining Platform
          2. Exchange
          3. Wallet
          4. Blockchain
      2. By Application
        1. Trading
        2. E-commerce & Retail
        3. Peer-to-Peer (P2P) Payments
        4. Remittance
      3. By Type
        1. Bitcoin
        2. Ether
        3. Litecoin
        4. Ripple
        5. Dogecoin
        6. Others (Monero, Dash, etc.)
      4. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia-Pacific
      5. By Company
        1. Competition Characteristics
        2. Market Share & Analysis
        3. Competitive Matrix
  11. North America Cryptocurrency Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Component
      2. By Application
      3. By Type
      4. By Country
        1. The US
        2. Canada
        3. Mexico
  12. South America Cryptocurrency Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Component
      2. By Application
      3. By Type
      4. By Country
        1. Brazil
        2. Others
  13. Europe Cryptocurrency Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Component
      2. By Application
      3. By Type
      4. By Country
        1. Germany
        2. The UK
        3. France
        4. Italy
        5. Spain
        6. Others
  14. Middle East & Africa Cryptocurrency Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Component
      2. By Application
      3. By Type
      4. By Country
        1. GCC Countries
        2. South Africa
        3. Others
  15. Asia-Pacific Cryptocurrency Market Outlook, 2017-2027F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Component
      2. By Application
      3. By Type
      4. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Others
  16. Competition Outlook
    1. Competition Matrix
      1. Product/ Solution Portfolio
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles of Top Companies (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Advanced Micro Devices, Inc.
      2. Bitfury Group Limited.
      3. Bitmain Technologies Ltd.
      4. Coinbase
      5. CryptoMove Inc.
      6. Intel Corporation
      7. Ledger SAS
      8. Nvidia Corporation
      9. Quantstamp Inc.
      10. Ripple Labs, Inc.
      11. Xilinx, Inc.
      12. Others
  17. Disclaimer
Cryptocurrency Market Segmentation
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