Global CryptoCurrency Market Size & Share Projected to Reach USD 5200 Million by 2028

05-Mar-2020 | Facts and Factors

Findings from Facts and Factors report “Cryptocurrency Market – By Category (Bitcoin, Ripple, Ethereum, Dashcoin, Litecoin, and Others), By Elements (Software and Hardware), By Methods (Mining and Transactions), and By End-User Analysis (Banking, Stock Market & Virtual Currency, Real Estate, and Others): Global Industry Overview, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts, 2021–2028” states that the global cryptocurrency market in 2020 was approximately USD 800 million. The market is expected to grow at a CAGR of 29.5% and is anticipated to reach around USD 5200 million by 2028.

Cryptocurrency is virtual cash or digital asset. It is used as a medium of exchange with strong cryptography to secure financial transactions, control additional unit creation and substantiate asset transfer. The cryptocurrency is present in various types of viz. bitcoin, bitcoin cash, ethereum, ripple, litecoin, dashcoin, and many more. In which one of the cryptocurrencies is bitcoin (used under the symbol BTC), and other cryptocurrencies like “Ripple (XRP),” “Litecoin (LTC) ” and “Ether (ETH),”. Alternatives to Bitcoin are called “altcoins.” Cryptocurrency is coarsely the correspondent of using a Debit Card or PayPal, excluding on-screen numbers reflecting cryptocurrencies as opposed to other currency like the dollar.

Request Sample Request Customization Buy Now

Cryptocurrency transaction uses the concept of blockchain and cryptography. The cryptocurrency needs low ownership costs, and it is much safer and faster transactions. These parameters are expected to augment market growth globally. In addition, minimal rates for exchange, interest rates, or charges across all international transactions are expected to boost the cryptocurrency market over the years to come. Cryptocurrency is becoming progressively popular. Distributed ledgers allow the digital currency payment system to run in decentralized mode, by removing the need for centralized processing by intermediaries. Distributed ledger technology allows financial transaction tracking. By creating digital money, it virtualizes tracking and trading anything of value. Blockchain provides a robust platform for safe real-time data sharing. Blockchain is a type of distributed ledger system that delivers greater safety to the digital economic process in real-time. These parameters may drive the cryptocurrency market in the future years. The uncertainty in the regulatory status may hamper the growth of the market. Many people in the world are still unaware of the benefits of digital currency.

The major category of the global cryptocurrency market includes bitcoin, ripple, ethereum, dashcoin, litecoin, and others. Among these, bitcoin led the market with a major share above 40% in 2019 and it is further expected to continue the trend over the forecasted period.

On the basis of an element, the global cryptocurrency market is segregated into software and hardware. Among the element, hardware was the largest segment used in the cryptography market. The hardware segment held the major share of the entire market in 2019. Furthermore, the hardware segment is expected to continue its dominance over the forthcoming years.

Based on the methods, the global cryptocurrency market is classified into mining and transactions. Among these, the mining segment held a significant share of the total market nearly 65%  in 2019. The mining segment is likely to exhibit lucrative growth in the future years.

By End-User analysis, the cryptocurrency market is divided into banking,  real estate, stock market & virtual currency, others, Among these, the stock market & virtual currency headed the market in 2019 with more than USD 500 million and it is anticipated to grow in the future years.

Report Scope

Report Attribute

Details

Market Size in 2020

USD 800 Million

Projected Market Size in 2028

USD 5200 Million

CAGR Growth Rate

29.5% CAGR

Base Year

2020

Forecast Years

2021-2028

Key Market Players

Advanced Micro Devices, Inc., NVIDIA Corporation, BitFury Group Limited, Xilinx Inc., Intel Corporation, Microsoft Corporation, AlphaPoint Corporation, Coinbase Ltd., BitGo, BTL Group Ltd, Ripple Labs Inc., among others

Key Segment

By Category, By Elements, By Methods, By End-User, and By Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

Request customized purchase options to meet your research needs. Explore purchase options

By region-wise, the Europe region led the market in 2019, with around USD 400 million and it is anticipated to increase over the forecast period.

Browse the full “Cryptocurrency Market – By Category (Bitcoin, Ripple, Ethereum, Dashcoin, Litecoin, and Others), By Elements (Software and Hardware), By Methods (Mining and Transactions), and By End-User Analysis (Banking, Stock Market & Virtual Currency, Real Estate, and Others): Global Industry Overview, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts, 2021–2028" report at https://www.fnfresearch.com/cryptocurrency-market

Some top key players included in the cryptocurrency market are Bitfinex, Bitfury Group Limited, Bitstamp, Coinbase, Inc., OKEx, Circle Internet, financial Limited, Ripple Labs, Inc., Unocoin Technologies Private Limited, BitGo, BitPay, Inc., and others.

This report segments the CryptoCurrency market as follows:

Global Crypto Currency Market: Category Segment Analysis

  • Bitcoin
  • Ripple
  • Ethereum
  • Dashcoin
  • Litecoin
  • Others

Global Crypto Currency Market: Elements Segment Analysis

  • Software
  • Hardware

Global Crypto Currency Market: Methods Segment Analysis

  • Mining
  • Transactions

Global Crypto Currency Market: End-User Segment Analysis

  • Banking
  • Stock Market & Virtual Currency
  • Real Estate
  • Others

 Global Crypto Currency Market: Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • The UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

About Us:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Contact Us:
Facts & Factors

A 2108, Sargam,
Nanded City,
Sinhagad Road,
Pune 411041, India
USA: +1-347-989-3985
Email: [email protected]
Web: https://www.fnfresearch.com


Latest Market Research Reports

report img

Biliary Lithotripter Market Report 2024 – 2032

[204+ Pages Report]According to Facts Factors, the global biliary lithotripter market size in terms of revenue was valued at around USD 1,770 million in 2023 and is expected to reach a value of USD 2,630 million by 2032, growing at a CAGR of roughly 4.5% from 2024 to 2032. The global biliary lithot

Published Date : 04-Mar-2024 | | Category : Healthcare | Pages : 204 | Format : Read more

Inquiry for Buying Request Sample
report img

Arterial Stent Market Report 2024 – 2032

[245+ Pages Report] According to Facts Factors, the global arterial stent market size in terms of revenue was valued at around USD 17.02 billion in 2023 and is expected to reach a value of USD 41.24 billion by 2032, growing at a CAGR of roughly 10.33% from 2024 to 2032. The global arterial stent ma

Published Date : 01-Mar-2024 | | Category : Healthcare | Pages : 245 | Format : Read more

Inquiry for Buying Request Sample
report img

Autosamplers Market Report 2024 – 2032

[250+ Pages Report] According to Facts Factors, the global autosamplers market size in terms of revenue was valued at around USD 1,660.23 million in 2023 and is expected to reach a value of USD 3,112.02 million by 2032, growing at a CAGR of roughly 7.23% from 2024 to 2032. The global autosamplers m

Published Date : 01-Mar-2024 | | Category : Healthcare | Pages : 250 | Format : Read more

Inquiry for Buying Request Sample
report img

Vision Sensor Market Report 2024 – 2032

[229+ Pages Report] According to Facts and Factors,The global vision sensor market size was valued at USD 4.51 billion in 2023 and is predicted to surpass USD 10.05 billion by the end of 2032. The vision sensor industry is expected to grow by a CAGR of 9.31% between 2024 and 2032. Vision Sensor Mar

Published Date : 29-Feb-2024 | | Category : Technology & Media | Pages : 229 | Format : Read more

Inquiry for Buying Request Sample
report img

Insurance Analytics Market Report , 2024 to 2032

[228+ Pages Report] According to Facts and Factors,the global insurance analytics market size was valued at USD 13.14 billion in 2023 and is predicted to surpass USD 43.80 billion by the end of 2032. The insurance analytics industry is expected to grow by a CAGR of 14.31% between 2024 and 2032. Ins

Published Date : 28-Feb-2024 | | Category : Public Sector | Pages : 228 | Format : Read more

Inquiry for Buying Request Sample

Why FnF Market Research?

1 Inflallible Methodology

to ensure high-level data integrity, accurate analysis, and impeccable forecasts

2 Analyst Support

for complete satisfaction

3 Customization

on-demand customization of scope of the report to exactly meet your needs

4 Targeted Market View

Targeted market view to provide pertinent information and save time of readers

5 Agile Approach

A faster and efficient way to cater to the needs with continuous iteration