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Report Overview
The global cryptocurrency market attained a value of nearly USD 2.41 billion in 2023. The market is further expected to grow at a CAGR of 17.1% during the forecast period of 2024-2032 to reach a value of USD 10.0 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Cryptocurrency Market Share
The cryptocurrency market revenue is substantially driven by the hardware segment of the setor due to the greater safety that it provides. Hardware wallets store the private information of individuals, including authorisation of outgoing transactions on the blockchain network in a hardware device. As the private keys are stored on hardware devices, they can be kept offline on separate drives, resulting in greater security.
Cryptocurrency Market Report Snapshots
Cryptocurrency Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global market size for cryptocurrency reached a value of more than USD 2.41 billion in 2023.
The global market for cryptocurrency is expected to grow at a CAGR of 17.1% between 2024 and 2032.
Simple cross-border payment systems, blockchain security, and potential for lucrative investments are the major market drivers.
The key trends of the market are wider acceptance of cryptocurrencies as a payment mode, expansion of cryptocurrency exchanges, and greater awareness regarding investments and usage of cryptocurrencies.
The regional markets can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Key players in the cryptocurrency market are Nvidia Corporation, Bitmain Technologies Holding Company, Advanced Micro Devices, Inc., Xilinx, Inc., Intel Corporation, Coinbase Global, Inc., Bitfury Group Limited, ConsenSys Software Inc., Salad Technologies, AlphaPoint Corporation, and Trezor Company s.r.o., among others.
Cryptocurrency is a type of digital currency which is used for transactions and is based on blockchain technology with encryption using algorithms.
It is the only currency that can be circulated without a central authority such as a government or bank. Different countries have issued regulations regarding the usage and trade of cryptocurrencies.
The Market is segmented based on offering, process, type, end-user and region.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 10.0 billion by 2032.
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