Market Overview:
The global cryptocurrency market is expected to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of XX%. The growth of the market can be attributed to the increasing acceptance of cryptocurrencies as a mode of payment and investment and the rising demand for digital currencies. The global cryptocurrency market is segmented on the basis of type, application, and region. On the basis of type, the market is divided into Bitcoin (BTC), Ether (ETH), Litecoin (LTC), and other cryptocurrencies. The Bitcoin segment accounted for a major share in 2017 owing to its high popularity and widespread use. However, with increasing awareness about other cryptocurrencies such as Ether (ETH) and Litecoin (LTC), their adoption is expected to increase during the forecast period. However,.
Product Definition:
Cryptocurrency is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, created in 2009, was the first decentralized cryptocurrency. Cryptocurrencies are important because they can be used as an alternative investment option and can also be used to purchase goods and services.
Bitcoin (BTC):
Bitcoins are created as a reward for payment processing using digital currency. They can be used to purchase goods and services from vendors who accept them as a mode of payment. There are no physical bitcoins, only records of bitcoin transactions signed between the buyer and seller; these transactions are maintained on a public blockchain called Bitcoin Network.
Ether (ETH):
Ether is a digital token used by the Ethereum platform. It is one of the major cryptocurrencies, similar to Bitcoin but with additional applications and features. Ether can be used to pay for transaction fees and computational services on the Ethereum network. In addition, ether can be transferred between accounts and used to compensate participants in an application or smart contract.
Application Insights:
The transaction application segment dominated the global cryptocurrency market in 2017. This can be attributed to the growing adoption of digital currency for payments and remittance. Moreover, increasing use of virtual currency for shopping and online transactions is expected to drive growth over the forecast period.
Moreover, many institutional investors have started investing in cryptocurrencies due largely on their high returns potential with low risk profile which has led them being called as ¢â‚¬Å“high-risk/high-reward¢â‚¬ asset class by many financial experts across globe including Jamie Dimon (CEO JPMorgan Chase & Co.
Regional Analysis:
The market in North America accounted for the largest share of over 35.0% in 2017. The region is expected to maintain its dominance over the forecast period as well until 2030 owing to early adoption of digital currencies and high usage rates across online casinos, betting, and e-commerce platforms. Furthermore, favorable government regulations are also expected to drive regional growth during the forecast period. For instance, according to a blog by Federal Reserve Bank of San Francisco (FRBSF), starting in 2014 U.S.-based financial institutions have been allowed to experiment with bitcoin under the supervision of bank regulators on a limited basis while maintaining compliance with anti-money laundering (AML) and know your customer (KYC) standards imposed by federal agencies such as Financial Crimes Enforcement Network (FinCEN).
Growth Factors:
- Increasing acceptance as payment method: Cryptocurrencies are becoming more widely accepted as a payment method. This is due to the advantages they offer such as lower transaction costs, faster processing times and global reach.
- Increased institutional investment: Institutional investors are starting to invest in cryptocurrencies, which is driving up demand and prices. This is likely to continue in the future as institutional investors see the potential for large profits from cryptocurrency investments.
- Growing use of blockchain technology: The blockchain technology that underlies cryptocurrencies is becoming increasingly popular for other applications such as tracking assets and contracts or managing digital identities. As more businesses start using blockchain technology, this will drive up demand for cryptocurrencies too.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cryptocurrency Market Research Report
By Type
Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Other
By Application
Transaction, Investment, Other
By Companies
ZEB IT Service, Coinsecure, Coinbase, Bitstamp, Litecoin, Poloniex, BitFury Group, Unocoin Technologies Private, Ripple, OKEX Fintech Company, Bitfinex
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Cryptocurrency Market Report Segments:
The global Cryptocurrency market is segmented on the basis of:
Types
Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Transaction, Investment, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ZEB IT Service
- Coinsecure
- Coinbase
- Bitstamp
- Litecoin
- Poloniex
- BitFury Group
- Unocoin Technologies Private
- Ripple
- OKEX Fintech Company
- Bitfinex
Highlights of The Cryptocurrency Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Bitcoin (BTC)
- Ether (ETH)
- Litecoin (LTC)
- Other
- By Application:
- Transaction
- Investment
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cryptocurrency Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cryptocurrency is a digital or virtual currency that uses cryptography to secure its transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009.
Some of the major companies in the cryptocurrency market are ZEB IT Service, Coinsecure, Coinbase, Bitstamp, Litecoin, Poloniex, BitFury Group, Unocoin Technologies Private, Ripple, OKEX Fintech Company, Bitfinex.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cryptocurrency Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cryptocurrency Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cryptocurrency Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cryptocurrency Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cryptocurrency Market Size & Forecast, 2020-2028
4.5.1 Cryptocurrency Market Size and Y-o-Y Growth
4.5.2 Cryptocurrency Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Bitcoin (BTC)
5.2.2 Ether (ETH)
5.2.3 Litecoin (LTC)
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Transaction
6.2.2 Investment
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cryptocurrency Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cryptocurrency Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Bitcoin (BTC)
9.6.2 Ether (ETH)
9.6.3 Litecoin (LTC)
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Transaction
9.10.2 Investment
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Bitcoin (BTC)
10.6.2 Ether (ETH)
10.6.3 Litecoin (LTC)
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Transaction
10.10.2 Investment
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Bitcoin (BTC)
11.6.2 Ether (ETH)
11.6.3 Litecoin (LTC)
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Transaction
11.10.2 Investment
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Bitcoin (BTC)
12.6.2 Ether (ETH)
12.6.3 Litecoin (LTC)
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Transaction
12.10.2 Investment
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Bitcoin (BTC)
13.6.2 Ether (ETH)
13.6.3 Litecoin (LTC)
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Transaction
13.10.2 Investment
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cryptocurrency Market: Competitive Dashboard
14.2 Global Cryptocurrency Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ZEB IT Service
14.3.2 Coinsecure
14.3.3 Coinbase
14.3.4 Bitstamp
14.3.5 Litecoin
14.3.6 Poloniex
14.3.7 BitFury Group
14.3.8 Unocoin Technologies Private
14.3.9 Ripple
14.3.10 OKEX Fintech Company
14.3.11 Bitfinex
