Cryptocurrency Market Size, Statistics - Global Analysis 2027 (2024)

Table of Contents
Cryptocurrency Market Size Cryptocurrency Market Analysis Cryptocurrency Market Share This market research report on cryptocurrency includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027 for the following segments: Market, By Component Market, By Type Market, By End-use Frequently Asked Questions (FAQ) : Cryptocurrency Market Scope Buy Now Premium Report Details

Home > > Next Generation Technologies > Blockchain and Cryptocurrency > Cryptocurrency Market

  • Report ID: GMI5049
  • Published Date: Apr 2021
  • Report Format: PDF

Cryptocurrency Market Size

Cryptocurrency Market size crossed USD 900 million in 2020 and is projected to register gains at over 10% CAGR from 2021 to 2027. The cryptocurrency industry is witnessing substantial growth with increasing volumes of cryptocurrency transactions and their market capitalizations. For instance, the market cap for bitcoin was more than 609 billion in January 2021 as compared to 134 billion in January 2020. Advanced capabilities including reduced costs associated with the transactions along with peer-to-peer connection are contributing to the adoption of cryptocurrency. Several enterprises are adopting virtual currencies to limit the impact of currency fluctuations, enabling the market growth.

Cryptocurrency Market Size, Statistics - Global Analysis 2027 (1)

Amid the COVID-19 pandemic, the market observed significant growth across multiple geographies. The exchange platform witnessed a sharp increase in trading transactions and the market caps of these currencies also flourished. In response, companies operating in the market also predicted a rise in demand for mining hardware components.

Cryptocurrency Market Report Attributes
Report AttributeDetails
Base Year:2020
Cryptocurrency Market Size in 2020:USD 900 Million (2020)
Forecast Period:2021 to 2027
Forecast Period 2021 to 2027 CAGR:10%
2027 Value Projection:USD 1.8 Billion (2027)
Historical Data for:2016 to 2019
No. of Pages:270
Tables, Charts & Figures:368
Segments covered:Component, Type, End-use, and Region
Growth Drivers:
  • Rise in financial technology developments
  • Growing adoption of digital assets
  • Upsurge in venture capital investments
  • Rising market capitalization of cryptocurrencies
Pitfalls & Challenges:
  • Volatile currency exchange rate
  • Data security concerns

The cryptocurrency industry growth is attributed to rising investments and development in financial technologies. The companies across geographies prefer advanced technological infrastructures for financial applications. In response, the investments for the development of digital financial infrastructure have also increased. According to a study by KPMG, in 2019, the total investments in financial technology across Asia Pacific reached USD 12.9 billion by the fourth quarter of 2019. These investments followed by favorable government initiatives are expected to support cryptocurrency developments, further fueling the market growth.

Cryptocurrency Market Analysis

Cryptocurrency Market Size, Statistics - Global Analysis 2027 (2)

In the UK, the cryptocurrency market from trading software reported revenues of USD 6.66 million in 2020. The need for enhanced security and flexibility in cryptocurrency transactions is boosting the demand for trading software. The software platform features robust encryption measures and integration of advanced computing technologies such as AI. This further enables enterprises or individuals to automate the buying and selling process with respect to a particular cryptocurrency. Advanced algorithms and mathematical codes incorporated within this platform make it a lucrative option for enterprises.

Cryptocurrency Market Size, Statistics - Global Analysis 2027 (3)

In Canada, bitcoin held 30.4% of the cryptocurrency market share in 2020 and is estimated to grow exponentially through 2027. Bitcoin cryptocurrency leverages peer-to-peer technology to manage issuance and transactions. Major factors including rapid P2P transactions, global payment ecosystem, and low processing costs have contributed to the expansive adoption of bitcoins. Transactions performed using this cryptocurrency are secured through cryptographic signatures and PoW energy. The majority of the consumers and several enterprises in the market are investing in bitcoins, further enabling market revenue.

In Japan, the trading end-use segment is forecast to witness gains at more than 13% CAGR till 2027. The widespread adoption of cryptocurrency and favorable government framework along with trading software providers are contributing to the market value. According to the statistics from skalex GmbH, as of 2019, approximately 3.5 million of the population across the country was engaged in cryptocurrency trading. Considering these figures, the demand for crypto software and hardware components to support trading operations across the industry is anticipated to grow substantially.

Cryptocurrency Market Size, Statistics - Global Analysis 2027 (4)

Asia Pacific held around 20% of the global cryptocurrency market share in 2020 and is likely to observe exponential growth from 2021 to 2027. The expansive volumes of cryptocurrency transactions and acceptance as a payment option are contributing to the market demand. For instance, in February 2021, Rakuten Payment Inc., a Rakuten Group of companies, enabled support to crypto assets, such as Bitcoin, for recharging cash balance. This allowed the company’s customers to use their crypto assets for payment-related transactions in the industry. Additionally, a favorable digital infrastructure across the region is poised to propel market growth.

Cryptocurrency Market Share

The global cryptocurrency market has witnessed several strategic acquisitions and branding initiatives. For instance, in February 2021, xSigma Corporation, a subsidiary company of ZK International Group Co., Ltd., rebranded its online contract and Crypto Trading Platform (CFD) as xSigma Trading. Through this cloud-native platform, the company offers multiple crypto-related options. This also helped the company to cater to customers engaged in cryptocurrency trading activities, enhancing its market position and offering an advanced platform solution.

Some of the key players operating in the market are

  • Advanced Micro Devices Inc.
  • Binance, com.
  • Bitfury Group Limited
  • BitGo Inc.
  • BitMain Technologies Ltd.
  • Canaan Inc.
  • Coinbase (CB Payments Ltd.)
  • CudoMiner (Cudo Ventures Ltd.)
  • EasyMiner
  • Ethereum Foundation
  • Intel Corporation
  • IntelliBreeze Software AB (Awesome Miner)
  • Ledger SAS
  • NICEHASH Ltd.
  • Nvidia Corporation
  • Ripple Labs Inc.
  • Robinhood Financial LLC
  • SatoshiLabs s.r.o. (Trezor)
  • Squirrels Research Labs Inc.

This market research report on cryptocurrency includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027 for the following segments:

Click here to Buy Section of this Report


Market, By Component

  • Hardware
    • Graphical Processing Unit (GPU)
    • Field Programmable Gate Array (FPGA)
    • Application-Specific Integrated Circuit (ASIC)
  • Software
    • Mining Software
    • Trading Software
    • Others

Market, By Type

  • Bitcoin
  • Binance Coin
  • Ethereum
  • XRP
  • Tether
  • Cardono
  • Others

Market, By End-use

  • E-commerce & retail
  • Trading
  • Peer-to-peer payment
  • Remittance
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Netherlands
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The industry for cryptocurrency was valued at USD 900 million in 2020 and is anticipated to strike at a CAGR of 10% up to 2027.

The regional revenue share from the trading software segment reached USD 6.66 million in 2020 and will grow with an inclining need for enhanced security as well as flexibility in cryptocurrency transactions.

The bitcoin cryptocurrency industry size in the Canadian region was responsible for close to 30.4% of revenue share in 2020 and is expected to grow exponentially by 2027.

Asia Pacific accounted for over 20% of the cryptocurrency industry share in 2020 and will witness significant growth with proliferating volumes of cryptocurrency transactions in the region.

Cryptocurrency Market Scope

  • Cryptocurrency Market Size
  • Cryptocurrency Market Analysis
  • Cryptocurrency Market Share

    • Buy Now

    Premium Report Details

    • Base Year: 2020
    • Companies covered: 19
    • Tables & Figures: 368
    • Countries covered: 19
    • Pages: 270
    Download Free Sample
    `); } });function myfunction33(item) { //alert($(item).data('form-type')); var modal = document.getElementById("myModal"); var form_type = $(item).data('form-type'); // alert(form_type); if (form_type == "requestsample") { $('.form_input_textarea').css("display", "none"); $('.title-request').css("display", "block"); $('.title-ibb').css("display", "none"); $('.title-sectional').css("display", "none"); $('.title-discount').css("display", "none"); $('.title-customize').css("display", "none"); $('.modal-body1').css('margin-top', 0); $('.close').css('margin-top', -108); } else if (form_type == "ibbpopup") { $('.form_input_textarea').css("display", "block"); $('.title-ibb').css("display", "block"); $('.title-request').css("display", "none"); $('.title-sectional').css("display", "none"); $('.title-discount').css("display", "none"); $('.title-customize').css("display", "none"); $('.modal-body1').css('margin-top', 34); $('.close').css('margin-top', -10); } else if (form_type == "requestsample_sectional") { $('.form_input_textarea').css("display", "block"); $('.title-sectional').css("display", "block"); $('.title-request').css("display", "none"); $('.title-ibb').css("display", "none"); $('.title-customize').css("display", "none"); $('.title-discount').css("display", "none"); $('.modal-body1').css('margin-top', 22); $('.close').css('margin-top', -11); } else if (form_type == "custom") { $('.title-customize').css("display", "block"); // $('.form_input_textarea').css("display","none"); // $('.hide-toc').css("display","none"); $('.title-ibb').css("display", "none"); $('.title-sectional').css("display", "none"); $('.title-request').css("display", "none"); $('.title-ibb').css("display", "none"); $('.title-discount').css("display", "none"); // $('.custom_form_name_field').css("display","none"); $('.modal-body1').css('margin-top', 60); $('.close').css('margin-top', -11); } else { $('.title-discount').css("display", "block"); $('.form_input_textarea').css("display", "block"); $('.title-request').css("display", "none"); $('.title-sectional').css("display", "none"); $('.title-ibb').css("display", "none"); $('.modal-body1').css('margin-top', 34); $('.close').css('margin-top', -11); $('.form_input_textarea').css("display", "none"); $('.title-customize').css("display", "none"); } //popup form code start var span = document.getElementsByClassName("close")[0]; // When the user clicks on the button, open the modal $('.sidebar-sticky').removeClass('fixed-sticky'); $('.sticky-head').removeClass('fixed-sticky-head'); $('html').css('overflow', 'hidden'); modal.style.display = "block"; // When the user clicks on the close button (x), close the modal span.onclick = function(event) { event.preventDefault(); // Prevent the default link behavior event.stopPropagation(); // Prevent the event from bubbling up // Hide the modal modal.style.display = "none"; // Reset styles to allow window scrolling $('html').css('overflow', 'auto'); } // When the user clicks anywhere outside of the modal, close it window.onclick = function(event) { if (event.target == modal) { // Hide the modal modal.style.display = "none"; // Reset styles to allow window scrolling $('html').css('overflow', 'auto'); } } //popup code end}
    Cryptocurrency Market Size, Statistics - Global Analysis 2027 (2024)
    Top Articles
    8 Different Types of Budgets in Business - Volopay
    FTP vs SFTP: Key Difference Between Them
    $4,500,000 - 645 Matanzas CT, Fort Myers Beach, FL, 33931, William Raveis Real Estate, Mortgage, and Insurance
    Pnct Terminal Camera
    Best Team In 2K23 Myteam
    Nco Leadership Center Of Excellence
    Gabriel Kuhn Y Daniel Perry Video
    Koordinaten w43/b14 mit Umrechner in alle Koordinatensysteme
    Encore Atlanta Cheer Competition
    Irving Hac
    Iron Drop Cafe
    Power Outage Map Albany Ny
    Palace Pizza Joplin
    Notisabelrenu
    Chicken Coop Havelock Nc
    Craigslist Pets Longview Tx
    Nj State Police Private Detective Unit
    60 X 60 Christmas Tablecloths
    Clear Fork Progress Book
    The Ultimate Style Guide To Casual Dress Code For Women
    Yard Goats Score
    Panolian Batesville Ms Obituaries 2022
    Aes Salt Lake City Showdown
    Tips and Walkthrough: Candy Crush Level 9795
    Rs3 Ushabti
    Rogue Lineage Uber Titles
    Synergy Grand Rapids Public Schools
    Used Safari Condo Alto R1723 For Sale
    Datingscout Wantmatures
    Lil Durk's Brother DThang Killed in Harvey, Illinois, ME Confirms
    Indiana Wesleyan Transcripts
    Myql Loan Login
    The Transformation Of Vanessa Ray From Childhood To Blue Bloods - Looper
    Craigslist Jobs Brownsville Tx
    Review: T-Mobile's Unlimited 4G voor Thuis | Consumentenbond
    Rs3 Bis Perks
    Wo ein Pfand ist, ist auch Einweg
    Froedtert Billing Phone Number
    Craigslist - Pets for Sale or Adoption in Hawley, PA
    Sams Gas Price Sanford Fl
    Busted Newspaper Mcpherson Kansas
    Paul Shelesh
    'The Night Agent' Star Luciane Buchanan's Dating Life Is a Mystery
    Craigslist Com St Cloud Mn
    Peace Sign Drawing Reference
    Hk Jockey Club Result
    Craigslist Woodward
    What is a lifetime maximum benefit? | healthinsurance.org
    Union Supply Direct Wisconsin
    All Buttons In Blox Fruits
    Zadruga Elita 7 Live - Zadruga Elita 8 Uživo HD Emitirani Sat Putem Interneta
    Nfhs Network On Direct Tv
    Latest Posts
    Private Equity Market Size by Asset subclass & Growth forecast
    » The Different Types of Cryptocurrency Tokens Explained
    Article information

    Author: The Hon. Margery Christiansen

    Last Updated:

    Views: 5659

    Rating: 5 / 5 (70 voted)

    Reviews: 85% of readers found this page helpful

    Author information

    Name: The Hon. Margery Christiansen

    Birthday: 2000-07-07

    Address: 5050 Breitenberg Knoll, New Robert, MI 45409

    Phone: +2556892639372

    Job: Investor Mining Engineer

    Hobby: Sketching, Cosplaying, Glassblowing, Genealogy, Crocheting, Archery, Skateboarding

    Introduction: My name is The Hon. Margery Christiansen, I am a bright, adorable, precious, inexpensive, gorgeous, comfortable, happy person who loves writing and wants to share my knowledge and understanding with you.