Reports

Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.

Global Cryptocurrency Market Share, Size, Analysis: By Offering: Hardware, Software; By Process: Mining, Transaction, By Type: Bitcoin, Ethereum (ETH), Tether (USDT), Ripple (XRP), Binance Coin (BNB), USD Coin (USDC), Others; By End-User Industry; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028

Global Cryptocurrency Market Outlook

The global market size for cryptocurrency reached a value of more than USD 1.76 billion in 2021. The global cryptocurrency market is expected to grow at a CAGR of 17.10% between 2023 and 2028.

 

Key Trends in the Market

Cryptocurrency is a type of digital currency which is encrypted using algorithms and is used for secure transactions. Cryptocurrency is based on blockchain technology, which uses distributed ledgers to keep track of transactions in a decentralised peer-to-peer network. It is the only currency that can be circulated without a central issuing authority such as a government or bank. Bitcoin is the most popular and widely used cryptocurrency. Other cryptocurrencies are Binance coin, Cardano, Ethereum, and Solana.

 

  • Digital investments through cryptocurrency can be highly lucrative. According to investors, cryptocurrency can be a profitable long-term investment which is attracting more individuals to invest in it, supplementing the cryptocurrency market growth.
  • Regulations regarding the usage of cryptocurrency vary depending upon the region, resulting in great variations in the regional markets for cryptocurrency. For example, some countries do not accept cryptocurrencies as legal tender, but do support and regulate cryptocurrency exchanges.
  • Although cryptocurrency can offer substantial gains, investing comes with high levels of risk, discouraging consumers from experimenting with cryptocurrency. Growing awareness regarding cryptocurrency is a key trend in the market that can help users gain confidence in cryptocurrency.

 

Market Analysis

Based on offering, the cryptocurrency market can be bifurcated into hardware and software. Hardware is subdivided by type into ASIC, GPU, FPGA, and Wallet while software is further divided by type into coin wallet, mining platform, exchange, and others.

 

On the basis of process, the market is split into mining and transaction. Based on type, the market is segmented into Bitcoin, Ethereum (ETH), Tether (USDT), Ripple (XRP), Binance coin (BNB), USD coin (USDC), and others. By end-user industry, the market is divided into trading, banking, real estate, retail and ecommerce, and others. Based on region, the market can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global cryptocurrency market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

 

  • Nvidia Corporation
  • Bitmain Technologies Holding Company
  • Advanced Micro Devices, Inc.
  • Xilinx, Inc.
  • Intel Corporation
  • Coinbase Global, Inc.
  • Bitfury Group Limited
  • ConsenSys Software Inc.
  • Salad Technologies
  • AlphaPoint Corporation
  • Trezor Company s.r.o.
  • Others

 

Market Share by Offering

The hardware segment of the cryptocurrency market is expected to witness substantial growth due to the greater safety that it provides. Hardware wallets store private information of individuals, including authorisation of outgoing transactions on the blockchain network in a hardware device. As the private keys are stored on hardware devices, they can be kept offline on separate drives, resulting in greater security.

 

Software wallets on the other hand are installed on any device such as PC or smartphone which stores the private key of the user, keeping all tokens and cryptocurrencies in one place, increasing the risk of hacking.

 

Market Share by Process

Trading refers to the buying and selling of crypto assets through online platforms and tends to be time consuming, requiring effort and basic knowledge of cryptocurrency to gain adequate returns.

 

Mining is the process of solving codes to find cryptocurrencies, using technology to add transactions directly to the blockchain. Cryptocurrency mining requires strong infrastructure with powerful computer equipment, resulting in high investment costs. While initially cryptocurrency mining was relatively straightforward, it has become more complex in recent years.

 

Due to the high investment costs and need for specialised knowledge for cryptocurrency mining, the trading segment is anticipated to witness higher growth in the cryptocurrency market.

 

Competitive Landscape

Nvidia Corporation founded in 1993 has its headquarter in California, United States. It is a technology company that designs and manufactures graphics processing units, desktop computers, and mobile technology with an aim to provide solutions for the most critical problems.

 

Bitmain Technologies Holding Company is a privately owned cryptocurrency company which was established in 2013 and has its headquarters in Beijing, China. They serve customers all over the world by mining bitcoin and designing ASIC (Application Specific Integrated Circuit) chips.

 

Advanced Micro Devices, Inc. founded in 1969 has its headquarter located in California in the United States. It is an American Semiconductor Company that manufactures computer processors and similar technologies for their customers and related industries.

 

Other market players include Xilinx, Inc., Intel Corporation, Coinbase Global, Inc., Bitfury Group Limited, ConsenSys Software Inc., Salad Technologies, AlphaPoint Corporation, and Trezor Company s.r.o., among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Offering
  • Process
  • Type
  • End-User Industry
  • Region
Breakup by Offering
  • Hardware
  • Software
Breakup by Process
  • Mining
  • Transaction
Breakup by Type
  • Bitcoin
  • Ethereum (ETH)
  • Tether (USDT)
  • Ripple (XRP)
  • Binance Coin (BNB)
  • USD Coin (USDC)
  • Others
Breakup by End-User Industry
  • Trading
  • Banking
  • Real Estate
  • Retail and Ecommerce
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Nvidia Corporation
  • Bitmain Technologies Holding Company
  • Advanced Micro Devices, Inc
  • Xilinx, Inc.
  • Intel Corporation
  • Coinbase Global, Inc.
  • Bitfury Group Limited.
  • ConsenSys Software Inc.
  • Salad Technologies
  • AlphaPoint Corporation
  • Trezor Company s.r.o.
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Cryptocurrency Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Cryptocurrency Historical Market (2018-2022) 
    8.3    Global Cryptocurrency Market Forecast (2023-2028)
    8.4    Global Cryptocurrency Market by Offering
        8.4.1    Hardware
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
            8.4.1.4    Breakup by Type
                8.4.1.4.1    ASIC
                8.4.1.4.2    GPU
                8.4.1.4.3    FPGA
                8.4.1.4.4    Wallet
        8.4.2    Software
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
            8.4.2.4    Breakup by Type
                8.4.2.4.1    Coin Wallet
                8.4.2.4.2    Mining Platform
                8.4.2.4.3    Exchange
                8.4.2.4.4    Others
    8.5    Global Cryptocurrency Market by Process
        8.5.1    Mining
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Transaction
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
    8.6    Global Cryptocurrency Market by Type
        8.6.1    Bitcoin
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Ethereum (ETH)
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Tether (USDT)
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Ripple (XRP)
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022)
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Binance Coin (BNB)
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022)
            8.6.5.3    Forecast Trend (2023-2028)
        8.6.6    USD Coin (USDC)
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2018-2022)
            8.6.6.3    Forecast Trend (2023-2028)
        8.6.7    Others
    8.7    Global Cryptocurrency Market by End-User Industry
        8.7.1    Trading
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Banking
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Real Estate
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022)
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Retail and Ecommerce 
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022)
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Others
    8.8    Global Cryptocurrency Market by Region
        8.8.1    North America
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2018-2022) 
            8.8.1.3    Forecast Trend (2023-2028)
        8.8.2    Europe
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2022) 
            8.8.2.3    Forecast Trend (2023-2028)
        8.8.3    Asia Pacific
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2018-2022) 
            8.8.3.3    Forecast Trend (2023-2028)
        8.8.4    Latin America
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2018-2022) 
            8.8.4.3    Forecast Trend (2023-2028)
        8.8.5    Middle East and Africa
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2018-2022) 
            8.8.5.3    Forecast Trend (2023-2028)
9    North America Cryptocurrency Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Cryptocurrency Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Cryptocurrency Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Cryptocurrency Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Cryptocurrency Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
15    Regulation and Policy
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Nvidia Corporation
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Bitmain Technologies Holding Company
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Advanced Micro Devices, Inc.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Xilinx, Inc.
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Intel Corporation
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Coinbase Global, Inc.
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Bitfury Group Limited.
            16.2.7.1    Company Overview
            16.2.7.2    Product Portfolio
            16.2.7.3    Demographic Reach and Achievements
            16.2.7.4    Certifications
        16.2.8    ConsenSys Software Inc.
            16.2.8.1    Company Overview
            16.2.8.2    Product Portfolio
            16.2.8.3    Demographic Reach and Achievements
            16.2.8.4    Certifications
        16.2.9    Salad Technologies
            16.2.9.1    Company Overview
            16.2.9.2    Product Portfolio
            16.2.9.3    Demographic Reach and Achievements
            16.2.9.4    Certifications
        16.2.10    AlphaPoint Corporation
            16.2.10.1    Company Overview
            16.2.10.2    Product Portfolio
            16.2.10.3    Demographic Reach and Achievements
            16.2.10.4    Certifications
        16.2.11    Trezor Company s.r.o.
            16.2.11.1    Company Overview
            16.2.11.2    Product Portfolio
            16.2.11.3    Demographic Reach and Achievements
            16.2.11.4    Certifications
        16.2.12    Others
17    Key Trends and Developments in the Market

 

List of Figures and Tables

1.    Global Cryptocurrency Market: Key Industry Highlights, 2018 and 2028
2.    Global Cryptocurrency Historical Market: Breakup by Offering (USD Million), 2018-2022
3.    Global Cryptocurrency Market Forecast: Breakup by Offering (USD Million), 2023-2028
4.    Global Cryptocurrency Historical Market: Breakup by Process (USD Million), 2018-2022
5.    Global Cryptocurrency Market Forecast: Breakup by Process (USD Million), 2023-2028
6.    Global Cryptocurrency Historical Market: Breakup by Type (USD Million), 2018-2022
7.    Global Cryptocurrency Market Forecast: Breakup by Type (USD Million), 2023-2028
8.    Global Cryptocurrency Historical Market: Breakup by End Use Industry (USD Million), 2018-2022
9.    Global Cryptocurrency Market Forecast: Breakup by End Use Industry (USD Million), 2023-2028
10.    Global Cryptocurrency Historical Market: Breakup by Region (USD Million), 2018-2022
11.    Global Cryptocurrency Market Forecast: Breakup by Region (USD Million), 2023-2028
12.    North America Cryptocurrency Historical Market: Breakup by Country (USD Million), 2018-2022
13.    North America Cryptocurrency Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Europe Cryptocurrency Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Europe Cryptocurrency Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Asia Pacific Cryptocurrency Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Asia Pacific Cryptocurrency Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Latin America Cryptocurrency Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Latin America Cryptocurrency Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Middle East and Africa Cryptocurrency Historical Market: Breakup by Country (USD Million), 2018-2022
21.    Middle East and Africa Cryptocurrency Market Forecast: Breakup by Country (USD Million), 2023-2028
22.    Global Cryptocurrency Market Structure

Key Questions Answered in the Report

The global market size for cryptocurrency reached a value of more than USD 1.76 billion in 2021.

The global market for cryptocurrency is expected to grow at a CAGR of 17.10% between 2023 and 2028.

Simple cross-border payment systems, blockchain security, and potential for lucrative investments are the major market drivers.

The key trends of the market are wider acceptance of cryptocurrencies as a payment mode, expansion of cryptocurrency exchanges, and greater awareness regarding investments and usage of cryptocurrencies.

The regional markets can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key players in the cryptocurrency market are Nvidia Corporation, Bitmain Technologies Holding Company, Advanced Micro Devices, Inc., Xilinx, Inc., Intel Corporation, Coinbase Global, Inc., Bitfury Group Limited, ConsenSys Software Inc., Salad Technologies, AlphaPoint Corporation, and Trezor Company s.r.o., among others.

Cryptocurrency is a type of digital currency which is used for transactions and is based on blockchain technology with encryption using algorithms.

It is the only currency that can be circulated without a central authority such as a government or bank. Different countries have issued regulations regarding the usage and trade of cryptocurrencies.

The Market is segmented based on offering, process, type, end-user and region.

Purchase Full Report

Mini Report

$ 2199     $1799
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 3199     $2999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

$ 4199     $3999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 5199     $4999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER