Cryptocurrency Market Overview

Global Cryptocurrency Market was valued at USD 1,784.20 billion in 2021 and is expected to reach USD 5,103.72 billion by the year 2028, at a CAGR of 16.2%.

Cryptocurrency is a virtual or digital currency that employs cryptography to function as a stable and validated medium of trade. The word "crypto" means "hidden" or "encrypted." Cryptocurrency is a technology that uses a shared record-keeping mechanism called "Distributed Ledger" to allow for stable and checked transactions. Bitcoin was one of the first cryptocurrency to be invented. Alternate cryptocurrencies, also known as Altcoins, are later-developed currencies. Cryptocurrency is a futuristic idea that serves as an alternative to the current monetary system's fiat money.

Cryptocurrency Market Dynamics

Low ownership costs, faster transactions and safer transactions are just a few of the factors driving global business development. In addition, in the coming years, interest rates, minimal exchange rates, or charges for all foreign transactions are expected to fuel the cryptocurrency sector. However, the cryptocurrency market's development may be hampered by decentralized governance and regulations. Furthermore, higher risks associated with price volatility are likely to slow the global cryptocurrency market's development. On the other hand, higher adoption of bitcoins in developing countries, expanded interest in blockchain technologies, and a surge in demand for safer transactions across international borders are reportedly providing favorable opportunities for cryptocurrency advancements.

Companies working in the cryptocurrency industry can foresee substantial growth prospects in emerging economies (such as India, Brazil, and China) as well as developing economies (such as the United States, Japan, and Germany). The industry is expected to be driven by cryptocurrency adoption due to quicker remittance transfers, low fees, and a seamless and compliant transaction. While sending money to Africa from the United States or the United Kingdom, remittance fees are large, so cryptocurrency may be a good substitute. Furthermore, as people become more conscious of cryptocurrencies, it is being used more frequently, especially for payments related to small contracts, wages, and donations.

Market Segmentation

cryptocurrency market is categorized into various segments such as component, type, end-user, and geographical region.

Among these, Asia Pacific is likely to have the highest share in the entire cryptocurrency market over the forecast period. This industry is further divided into South Korea, China, Japan, and the Rest of APAC. China is the highest market among all APAC countries. Due to the reduced cost of electricity, the existence of leading mining companies, perfect weather conditions, and the availability of venture capital expenditures, the market in China is anticipated to be the highest revenue in Asia Pacific. 

Players Covered in Cryptocurrency Market are :

• ZEB IT Service
• Coinsecure
• Coinbase
• Bitstamp
• Litecoin
• Poloniex
• BitFury Group
• Unocoin Technologies Private
• Ripple
• OKEX Fintech Company
• Bitfinex and other major players.

Key Developments Observed in the Market

• In September 2018, Intel added a new Intel Programmable Acceleration Card (PAC) and the Intel Stratix 10 SX FPGA, Intel's most powerful FPGA, to its field-programmable gate array (FPGA) acceleration platform range. This high-bandwidth card takes advantage of the Intel Xeon CPU acceleration stack with FPGAs, giving data center developers a stable forum to deploy FPGA-based accelerated workloads.
• In June 2018, Bitfury extended its global activities to Dubai, United Arab Emirates. The Dubai office reaffirms the company's dedication to developing a blockchain-based solution for governments, businesses, and organizations in the area.
• In March 2018, NVIDIA unveiled a range of new innovations and collaborations that would extend its future inference market to 30 million hyper-scale servers around the world while lowering the cost of providing deep learning-powered services significantly.

Key Market Deliverables

• Accurate growth rate of the global cryptocurrency market over the forecast period
• Global cryptocurrency market size from 2021 to 2027
• Leading manufacturing and software companies involved in the Market industry
• Key current cryptocurrency industry trends will shape the market in the future
• Major driving factors and opportunities in the target industry
• Key niches at which players profiling with systematic plans, financials, and also recent advancements
• Leading segments flourishing at the maximum growth rate while delivers experience a steady growth

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Cryptocurrency Market by Type
 5.1 Cryptocurrency Market Overview Snapshot and Growth Engine
 5.2 Cryptocurrency Market Overview
 5.3 Bitcoin (BTC)
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Bitcoin (BTC): Grographic Segmentation
 5.4 Ether (ETH)
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Ether (ETH): Grographic Segmentation
 5.5 Litecoin (LTC)
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Litecoin (LTC): Grographic Segmentation
 5.6 Others
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2016-2028F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Others: Grographic Segmentation

Chapter 6: Cryptocurrency Market by Application
 6.1 Cryptocurrency Market Overview Snapshot and Growth Engine
 6.2 Cryptocurrency Market Overview
 6.3 Transaction
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Transaction: Grographic Segmentation
 6.4 Investment
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Investment: Grographic Segmentation
 6.5 Others
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Others: Grographic Segmentation

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Positioning
  7.1.2 Cryptocurrency Sales and Market Share By Players
  7.1.3 Industry BCG Matrix
  7.1.4 Ansoff Matrix
  7.1.5 Cryptocurrency Industry Concentration Ratio (CR5 and HHI)
  7.1.6 Top 5 Cryptocurrency Players Market Share
  7.1.7 Mergers and Acquisitions
  7.1.8 Business Strategies By Top Players
 7.2 ZEB IT SERVICE
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Operating Business Segments
  7.2.5 Product Portfolio
  7.2.6 Business Performance
  7.2.7 Key Strategic Moves and Recent Developments
  7.2.8 SWOT Analysis
 7.3 COINSECURE
 7.4 COINBASE
 7.5 BITSTAMP
 7.6 LITECOIN
 7.7 POLONIEX
 7.8 BITFURY GROUP
 7.9 UNOCOIN TECHNOLOGIES PRIVATE
 7.10 RIPPLE
 7.11 OKEX FINTECH COMPANY
 7.12 BITFINEX
 7.13 OTHER MAJOR PLAYERS

Chapter 8: Global Cryptocurrency Market Analysis, Insights and Forecast, 2016-2028
 8.1 Market Overview
 8.2 Historic and Forecasted Market Size By Type
  8.2.1 Bitcoin (BTC)
  8.2.2 Ether (ETH)
  8.2.3 Litecoin (LTC)
  8.2.4 Others
 8.3 Historic and Forecasted Market Size By Application
  8.3.1 Transaction
  8.3.2 Investment
  8.3.3 Others

Chapter 9: North America Cryptocurrency Market Analysis, Insights and Forecast, 2016-2028
 9.1 Key Market Trends, Growth Factors and Opportunities
 9.2 Impact of Covid-19
 9.3 Key Players
 9.4 Key Market Trends, Growth Factors and Opportunities
 9.4 Historic and Forecasted Market Size By Type
  9.4.1 Bitcoin (BTC)
  9.4.2 Ether (ETH)
  9.4.3 Litecoin (LTC)
  9.4.4 Others
 9.5 Historic and Forecasted Market Size By Application
  9.5.1 Transaction
  9.5.2 Investment
  9.5.3 Others
 9.6 Historic and Forecast Market Size by Country
  9.6.1 U.S.
  9.6.2 Canada
  9.6.3 Mexico

Chapter 10: Europe Cryptocurrency Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Type
  10.4.1 Bitcoin (BTC)
  10.4.2 Ether (ETH)
  10.4.3 Litecoin (LTC)
  10.4.4 Others
 10.5 Historic and Forecasted Market Size By Application
  10.5.1 Transaction
  10.5.2 Investment
  10.5.3 Others
 10.6 Historic and Forecast Market Size by Country
  10.6.1 Germany
  10.6.2 U.K.
  10.6.3 France
  10.6.4 Italy
  10.6.5 Russia
  10.6.6 Spain
  10.6.7 Rest of Europe

Chapter 11: Asia-Pacific Cryptocurrency Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 Bitcoin (BTC)
  11.4.2 Ether (ETH)
  11.4.3 Litecoin (LTC)
  11.4.4 Others
 11.5 Historic and Forecasted Market Size By Application
  11.5.1 Transaction
  11.5.2 Investment
  11.5.3 Others
 11.6 Historic and Forecast Market Size by Country
  11.6.1 China
  11.6.2 India
  11.6.3 Japan
  11.6.4 Singapore
  11.6.5 Australia
  11.6.6 New Zealand
  11.6.7 Rest of APAC

Chapter 12: Middle East & Africa Cryptocurrency Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 Bitcoin (BTC)
  12.4.2 Ether (ETH)
  12.4.3 Litecoin (LTC)
  12.4.4 Others
 12.5 Historic and Forecasted Market Size By Application
  12.5.1 Transaction
  12.5.2 Investment
  12.5.3 Others
 12.6 Historic and Forecast Market Size by Country
  12.6.1 Turkey
  12.6.2 Saudi Arabia
  12.6.3 Iran
  12.6.4 UAE
  12.6.5 Africa
  12.6.6 Rest of MEA

Chapter 13: South America Cryptocurrency Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Type
  13.4.1 Bitcoin (BTC)
  13.4.2 Ether (ETH)
  13.4.3 Litecoin (LTC)
  13.4.4 Others
 13.5 Historic and Forecasted Market Size By Application
  13.5.1 Transaction
  13.5.2 Investment
  13.5.3 Others
 13.6 Historic and Forecast Market Size by Country
  13.6.1 Brazil
  13.6.2 Argentina
  13.6.3 Rest of SA

Chapter 14 Investment Analysis

Chapter 15 Analyst Viewpoint and Conclusion

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. CRYPTOCURRENCY MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. CRYPTOCURRENCY MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. CRYPTOCURRENCY MARKET COMPETITIVE RIVALRY
TABLE 005. CRYPTOCURRENCY MARKET THREAT OF NEW ENTRANTS
TABLE 006. CRYPTOCURRENCY MARKET THREAT OF SUBSTITUTES
TABLE 007. CRYPTOCURRENCY MARKET BY TYPE
TABLE 008. BITCOIN (BTC) MARKET OVERVIEW (2016-2028)
TABLE 009. ETHER (ETH) MARKET OVERVIEW (2016-2028)
TABLE 010. LITECOIN (LTC) MARKET OVERVIEW (2016-2028)
TABLE 011. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 012. CRYPTOCURRENCY MARKET BY APPLICATION
TABLE 013. TRANSACTION MARKET OVERVIEW (2016-2028)
TABLE 014. INVESTMENT MARKET OVERVIEW (2016-2028)
TABLE 015. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 016. NORTH AMERICA CRYPTOCURRENCY MARKET, BY TYPE (2016-2028)
TABLE 017. NORTH AMERICA CRYPTOCURRENCY MARKET, BY APPLICATION (2016-2028)
TABLE 018. N CRYPTOCURRENCY MARKET, BY COUNTRY (2016-2028)
TABLE 019. EUROPE CRYPTOCURRENCY MARKET, BY TYPE (2016-2028)
TABLE 020. EUROPE CRYPTOCURRENCY MARKET, BY APPLICATION (2016-2028)
TABLE 021. CRYPTOCURRENCY MARKET, BY COUNTRY (2016-2028)
TABLE 022. ASIA PACIFIC CRYPTOCURRENCY MARKET, BY TYPE (2016-2028)
TABLE 023. ASIA PACIFIC CRYPTOCURRENCY MARKET, BY APPLICATION (2016-2028)
TABLE 024. CRYPTOCURRENCY MARKET, BY COUNTRY (2016-2028)
TABLE 025. MIDDLE EAST & AFRICA CRYPTOCURRENCY MARKET, BY TYPE (2016-2028)
TABLE 026. MIDDLE EAST & AFRICA CRYPTOCURRENCY MARKET, BY APPLICATION (2016-2028)
TABLE 027. CRYPTOCURRENCY MARKET, BY COUNTRY (2016-2028)
TABLE 028. SOUTH AMERICA CRYPTOCURRENCY MARKET, BY TYPE (2016-2028)
TABLE 029. SOUTH AMERICA CRYPTOCURRENCY MARKET, BY APPLICATION (2016-2028)
TABLE 030. CRYPTOCURRENCY MARKET, BY COUNTRY (2016-2028)
TABLE 031. ZEB IT SERVICE: SNAPSHOT
TABLE 032. ZEB IT SERVICE: BUSINESS PERFORMANCE
TABLE 033. ZEB IT SERVICE: PRODUCT PORTFOLIO
TABLE 034. ZEB IT SERVICE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 034. COINSECURE: SNAPSHOT
TABLE 035. COINSECURE: BUSINESS PERFORMANCE
TABLE 036. COINSECURE: PRODUCT PORTFOLIO
TABLE 037. COINSECURE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 037. COINBASE: SNAPSHOT
TABLE 038. COINBASE: BUSINESS PERFORMANCE
TABLE 039. COINBASE: PRODUCT PORTFOLIO
TABLE 040. COINBASE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 040. BITSTAMP: SNAPSHOT
TABLE 041. BITSTAMP: BUSINESS PERFORMANCE
TABLE 042. BITSTAMP: PRODUCT PORTFOLIO
TABLE 043. BITSTAMP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. LITECOIN: SNAPSHOT
TABLE 044. LITECOIN: BUSINESS PERFORMANCE
TABLE 045. LITECOIN: PRODUCT PORTFOLIO
TABLE 046. LITECOIN: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. POLONIEX: SNAPSHOT
TABLE 047. POLONIEX: BUSINESS PERFORMANCE
TABLE 048. POLONIEX: PRODUCT PORTFOLIO
TABLE 049. POLONIEX: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. BITFURY GROUP: SNAPSHOT
TABLE 050. BITFURY GROUP: BUSINESS PERFORMANCE
TABLE 051. BITFURY GROUP: PRODUCT PORTFOLIO
TABLE 052. BITFURY GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. UNOCOIN TECHNOLOGIES PRIVATE: SNAPSHOT
TABLE 053. UNOCOIN TECHNOLOGIES PRIVATE: BUSINESS PERFORMANCE
TABLE 054. UNOCOIN TECHNOLOGIES PRIVATE: PRODUCT PORTFOLIO
TABLE 055. UNOCOIN TECHNOLOGIES PRIVATE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. RIPPLE: SNAPSHOT
TABLE 056. RIPPLE: BUSINESS PERFORMANCE
TABLE 057. RIPPLE: PRODUCT PORTFOLIO
TABLE 058. RIPPLE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. OKEX FINTECH COMPANY: SNAPSHOT
TABLE 059. OKEX FINTECH COMPANY: BUSINESS PERFORMANCE
TABLE 060. OKEX FINTECH COMPANY: PRODUCT PORTFOLIO
TABLE 061. OKEX FINTECH COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. BITFINEX: SNAPSHOT
TABLE 062. BITFINEX: BUSINESS PERFORMANCE
TABLE 063. BITFINEX: PRODUCT PORTFOLIO
TABLE 064. BITFINEX: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 065. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 066. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 067. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. CRYPTOCURRENCY MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. CRYPTOCURRENCY MARKET OVERVIEW BY TYPE
FIGURE 012. BITCOIN (BTC) MARKET OVERVIEW (2016-2028)
FIGURE 013. ETHER (ETH) MARKET OVERVIEW (2016-2028)
FIGURE 014. LITECOIN (LTC) MARKET OVERVIEW (2016-2028)
FIGURE 015. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 016. CRYPTOCURRENCY MARKET OVERVIEW BY APPLICATION
FIGURE 017. TRANSACTION MARKET OVERVIEW (2016-2028)
FIGURE 018. INVESTMENT MARKET OVERVIEW (2016-2028)
FIGURE 019. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 020. NORTH AMERICA CRYPTOCURRENCY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. EUROPE CRYPTOCURRENCY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. ASIA PACIFIC CRYPTOCURRENCY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. MIDDLE EAST & AFRICA CRYPTOCURRENCY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. SOUTH AMERICA CRYPTOCURRENCY MARKET OVERVIEW BY COUNTRY (2016-2028)