Product Code: GVR-4-68039-979-9
Cryptocurrency Market Growth & Trends:
The global cryptocurrency market size is anticipated to reach USD 11.71 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 13.1% from 2025 to 2030. The market growth is anticipated to be fueled by the increasing demand for better data security, operational transparency, and the incorporation of blockchain technology in digital payment systems. Additionally, the legalization of the purchase, sale, and trading of digital currencies in several developed countries, such as the U.S., is fostering industry expansion.
The cryptocurrency industry is anticipated to grow owing to the rising global popularity of digital currencies such as bitcoin, Ethereum, and Litecoin. This growing popularity can be credited to the capacity of cryptocurrencies to provide quick, transparent, safe, and effective payment to users. As stated by Crypto.com, there were 295 million crypto owners in December 2021 as compared to 228 million in July 2021.
The market for cryptocurrencies is anticipated to be positively impacted by the recent advancements in artificial intelligence. Numerous businesses have been motivated to concentrate on their development as a result of the increased popularity of AI-based cryptocurrency platforms. For instance, in August 2021, Los Alamos National Laboratory researchers reported that they had created an artificial intelligence algorithm to recognize unauthorized cryptocurrency miners who utilize research computers for cryptocurrency mining.
The COVID-19 pandemic adversely impacted market growth in 2020, while 2021 saw a steady uptick. The sales of cryptocurrency mining hardware were slowed down by the global supply chain slowness caused by the border closures in 2020, which restrained the market's expansion. Moreover, owing to the COVID-19 consequences blockchain companies were compelled to reduce their staffing levels and budgets in 2020. For instance, Cipher Trace decreased its advertising and market department jobs, and Elliptic lay off employees in the U.S. as well as the U.K.
Cryptocurrency Market Report Highlights:
- The hardware segment is estimated to dominate the market in 2024. The dominance can be attributed to the increasing demand for cryptocurrency mining devices to mine new coins and include them in the supply chain
- The graphics processing unit (GPU) segment is expected to witness the fastest growth during the forecast period. The growth can be attributed to the rising demand for GPU in crypto mining as it consumes less energy and offers high-speed processing
- The wallet segment is anticipated to witness the fastest growth during the forecast period. The growing demand for cryptocurrency wallets for trading, sending, and receiving cryptocurrencies is anticipated to fuel the segment's growth
- The mining segment is estimated to dominate the market in 2024. The dominance can be attributed to the growing investment by several companies to build crypto mining farms
- The bitcoin segment has dominated the market in 2024 and is anticipated to grow at the fastest CAGR through the projection period. The growth can be attributed to the increasing popularity of Bitcoin. Moreover, acceptance of Bitcoin by several emerging countries, such as El Salvador, is anticipated to spur the growth of the segment
- The retail & e-commerce segment is anticipated to grow at the fastest CAGR through the projection period. The growing acceptance of cryptocurrencies by several retail &e-commerce stores is anticipated to aid the growth of the segment
- The Asia Pacific is expected to register rapid growth during the forecast period. The presence of crypto mining companies in the region is predicted to propel regional market growth
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country Based Segment Share Calculation
- 1.8. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Cryptocurrency Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. Cryptocurrency Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic landscape
- 3.3.2.3. Social landscape
- 3.3.2.4. Technological landscape
- 3.3.2.5. Environmental landscape
- 3.3.2.6. Legal landscape
Chapter 4. Cryptocurrency Market: Component Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Cryptocurrency Market: Component Movement Analysis, USD Million, 2024 & 2030
- 4.3. Hardware
- 4.3.1. Hardware Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.2. Central Processing Unit
- 4.3.2.1. Central Processing Unit Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.3. Graphics Processing Unit
- 4.3.3.1. Graphics Processing Unit Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.4. Application-Specific Integrated Circuit
- 4.3.4.1. Application-Specific Integrated Circuit Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.5. Field Programmable Gate Array
- 4.3.5.1. Field Programmable Gate Array Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Software
- 4.4.1. Software Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.2. Mining Software
- 4.4.2.1. Mining Software Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.3. Exchange Software
- 4.4.3.1. Exchange Software Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.4. Wallet
- 4.4.4.1. Wallet Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.5. Payment
- 4.4.5.1. Payment Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.6. Others
- 4.4.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Cryptocurrency Market: Process Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Cryptocurrency Market: Process Movement Analysis, USD Million, 2024 & 2030
- 5.3. Mining
- 5.3.1. Mining Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Transaction
- 5.4.1. Transaction Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Cryptocurrency Market: Type Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Cryptocurrency Market: Type Movement Analysis, USD Million, 2024 & 2030
- 6.3. Bitcoin
- 6.3.1. Bitcoin Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Bitcoin Cash
- 6.4.1. Bitcoin Cash Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Ethereum
- 6.5.1. Ethereum Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Litecoin
- 6.6.1. Litecoin Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.7. Ripple
- 6.7.1. Ripple Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.8. Others
- 6.8.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Cryptocurrency Market: End Use Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Cryptocurrency Market: End Use Movement Analysis, USD Million, 2024 & 2030
- 7.3. Banking
- 7.3.1. Banking Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Gaming
- 7.4.1. Gaming Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5. Government
- 7.5.1. Government Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6. Healthcare
- 7.6.1. Healthcare Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.7. Retail & E-commerce
- 7.7.1. Retail & E-commerce Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.8. Trading
- 7.8.1. Trading Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.9. Others
- 7.9.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Cryptocurrency Market: Regional Estimates & Trend Analysis
- 8.1. Cryptocurrency Market Share, By Region, 2024 & 2030, USD Million
- 8.2. North America
- 8.2.1. North America Cryptocurrency Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.2. U.S.
- 8.2.2.1. U.S. Cryptocurrency Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.3. Canada
- 8.2.3.1. Canada Cryptocurrency Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.4. Mexico
- 8.2.4.1. Mexico Cryptocurrency Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Europe Cryptocurrency Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.2. UK
- 8.3.2.1. UK Cryptocurrency Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.3. Germany
- 8.3.3.1. Germany Cryptocurrency Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.4. France
- 8.3.4.1. France Cryptocurrency Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Cryptocurrency Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.2. China
- 8.4.2.1. China Cryptocurrency Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.3. Japan
- 8.4.3.1. Japan Cryptocurrency Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.4. India
- 8.4.4.1. India Cryptocurrency Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.5. South Korea
- 8.4.5.1. South Korea Cryptocurrency Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.6. Australia
- 8.4.6.1. Australia Cryptocurrency Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5. Latin America
- 8.5.1. Latin America Cryptocurrency Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.2. Brazil
- 8.5.2.1. Brazil Cryptocurrency Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6. Middle East and Africa
- 8.6.1. Middle East and Africa Cryptocurrency Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.2. UAE
- 8.6.2.1. UAE Cryptocurrency Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.3. KSA
- 8.6.3.1. KSA Cryptocurrency Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.4. South Africa
- 8.6.4.1. South Africa Cryptocurrency Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 9. Competitive Landscape
- 9.1. Company Categorization
- 9.2. Company Market Positioning
- 9.3. Company Heat Map Analysis
- 9.4. Company Profiles/Listing
- 9.4.1. Advanced Micro Devices, Inc.
- 9.4.1.1. Participant's Overview
- 9.4.1.2. Financial Performance
- 9.4.1.3. Product Benchmarking
- 9.4.1.4. Strategic Initiatives
- 9.4.2. Binance
- 9.4.2.1. Participant's Overview
- 9.4.2.2. Financial Performance
- 9.4.2.3. Product Benchmarking
- 9.4.2.4. Strategic Initiatives
- 9.4.3. Bit fury Group Limited
- 9.4.3.1. Participant's Overview
- 9.4.3.2. Financial Performance
- 9.4.3.3. Product Benchmarking
- 9.4.3.4. Strategic Initiatives
- 9.4.4. Bit Go, Inc.
- 9.4.4.1. Participant's Overview
- 9.4.4.2. Financial Performance
- 9.4.4.3. Product Benchmarking
- 9.4.4.4. Strategic Initiatives
- 9.4.5. Bit Main Technologies Holding Company
- 9.4.5.1. Participant's Overview
- 9.4.5.2. Financial Performance
- 9.4.5.3. Product Benchmarking
- 9.4.5.4. Strategic Initiatives
- 9.4.6. Intel Corporation
- 9.4.6.1. Participant's Overview
- 9.4.6.2. Financial Performance
- 9.4.6.3. Product Benchmarking
- 9.4.6.4. Strategic Initiatives
- 9.4.7. NVIDIA Corporation
- 9.4.7.1. Participant's Overview
- 9.4.7.2. Financial Performance
- 9.4.7.3. Product Benchmarking
- 9.4.7.4. Strategic Initiatives
- 9.4.8. Ripple
- 9.4.8.1. Participant's Overview
- 9.4.8.2. Financial Performance
- 9.4.8.3. Product Benchmarking
- 9.4.8.4. Strategic Initiatives
- 9.4.9. Xapo Holdings Limited
- 9.4.9.1. Participant's Overview
- 9.4.9.2. Financial Performance
- 9.4.9.3. Product Benchmarking
- 9.4.9.4. Strategic Initiatives
- 9.4.10. Xilinx, Inc.
- 9.4.10.1. Participant's Overview
- 9.4.10.2. Financial Performance
- 9.4.10.3. Product Benchmarking
- 9.4.10.4. Strategic Initiatives