Cryptocurrency Market Size to Grow by USD 1.47 Bn, Bitcoin Segment to be the Largest Revenue-generating Type Segment - Technavio

NEW YORK, Oct. 24, 2022 /PRNewswire/ -- The cryptocurrency market share growth in the bitcoin segment will be significant during the forecast period. Bitcoin is a digital currency that can be transferred peer-to-peer (P2P) without central authorities. It is created, stored, processed, and shared using a distributed decentralized system known as the blockchain. The public ledger records all bitcoin transactions, and copies are kept on all servers across the world. Therefore, with the rising popularity of bitcoin, the market is expected to witness significant growth during the forecast period.

The "Cryptocurrency Market by Type (Bitcoin, Ethereum, and Others) and Geography (North America, Europe, APAC, South America, and Middle East and Africa) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The potential growth difference for the cryptocurrency market size between 2021 and 2026 is USD 1.47 bn. To get the exact CAGR and the Y-O-Y growth rate, Buy the Full Report

• By Type
•  Bitcoin
• Ethereum
• Other
• By Geography
• North America
• Europe
• APAC
• South America
• Middle East and Africa

47% of the market's growth will originate from North America during the forecast period. The US is the key market for the cryptocurrency market in North America. The increase in blockchain investments will facilitate the cryptocurrency market's growth in North America over the forecast period. 

View our FREE PDF Sample Report for additional insights into the contribution of all the segments and regional opportunities in the report.

• Market Driver - Rising investment in digital assets is one of the key drivers fueling the cryptocurrency market's growth. Digital assets allow rapid transfer of ownership without the need for paper copies or any paperwork. For instance, the owner of a digital asset can quickly transfer ownership to a new owner or buyer when the asset is purchased through NFT. Cryptocurrencies are becoming more popular in the global market for digital assets as a result of these characteristics. As many people interact with digital assets every day, from investing in crypto as a digital asset to digitizing their existing investment assets, digital assets have become integrated into the existing network of traditional financial markets. Therefore, the rising investment in digital assets is expected to boost the growth of the market during the forecast period.
• Market Challenges - Rate volatility is one of the factors limiting the cryptocurrency market's growth. Crypto miners perform calculations using mining hardware solutions to mine cryptocurrencies, such as Bitcoin. The valuation of cryptocurrencies depends significantly on their uniqueness and the perceptions of related owners and buyers, as well as the availability of distribution channels. Therefore, it is extremely difficult for a new seller to predict the identity of the next cryptocurrency buyer or the possible factors that may favor or influence the purchase. Therefore, the price of cryptocurrency basically depends on how buyers perceive its value, which leads to fluctuations. Thus, fluctuating prices may hinder market growth during the forecast period.

Technavio's library includes over 17,000+ reports covering more than 2,000 emerging technologies. Subscribe to our "Basic Plan" at Just USD 5000 and get lifetime access to our Technavio Insights.Some Companies Mentioned

•  
• Advanced Micro Devices Inc.
• AirSwap
• ALCHEMINERS LLC
• AlphaPoint Corp.
• Binance Services Holdings Ltd.
• Bitfury Group Ltd.
• BitGo Inc.
• Bitstamp Europe SA
• BlockFi Inc.
• Coinbase Global Inc.
• Huobi Group
• iFinex Inc.
• Intel Corp.
• KuCoin
• Microsoft Corp.
• Money Group Inc.
• New Bit Ventures Ltd.
• NVIDIA Corp.
• Ripple Labs Inc.
• Xapo Bank Ltd.

To gain access to more vendor profiles with their key offerings available with Technavio, Download the Sample Report

Cryptocurrency Mining Hardware Market by Product and Geography – Forecast and Analysis 2022-2026: The cryptocurrency mining hardware market share is expected to increase by USD 9.21 billion from 2021 to 2026.

Cryptocurrency ATM Market by Type and Geography – Forecast and Analysis 2022-2026: The predicted growth for the cryptocurrency ATM market share from 2021 to 2026 is USD 2.37 billion. 

1 Executive Summary

• 1.1 Market Overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market Definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Type

• 5.1 Market segments 
• Exhibit 24: Chart on Type - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Type - Market share 2021-2026 (%)

• 5.2 Comparison by Type 
• Exhibit 26: Chart on Comparison by Type
• Exhibit 27: Data Table on Comparison by Type

• 5.3 Bitcoin - Market size and forecast 2021-2026
• Exhibit 28: Chart on Bitcoin - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Bitcoin - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Bitcoin - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Bitcoin - Year-over-year growth 2021-2026 (%)

• 5.4 Ethereum - Market size and forecast 2021-2026
• Exhibit 32: Chart on Ethereum - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Ethereum - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Ethereum - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Ethereum - Year-over-year growth 2021-2026 (%)

• 5.5 Others - Market size and forecast 2021-2026
• Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by Type 
• Exhibit 40: Market opportunity by Type ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 42: Chart on Market share by geography 2021-2026 (%)
• Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 44: Chart on Geographic comparison
• Exhibit 45: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026
• Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 APAC - Market size and forecast 2021-2026 
• Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026
• Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 UK - Market size and forecast 2021-2026
• Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.10 China - Market size and forecast 2021-2026
• Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.11 Germany - Market size and forecast 2021-2026
• Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.12 Switzerland - Market size and forecast 2021-2026
• Exhibit 82: Chart on Switzerland - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on Switzerland - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on Switzerland - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on Switzerland - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 87: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 89: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 90: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 91: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 92: Matrix on vendor position and classification

• 10.3 Advanced Micro Devices Inc. 
• Exhibit 93: Advanced Micro Devices Inc. - Overview
• Exhibit 94: Advanced Micro Devices Inc. - Business segments
• Exhibit 95: Advanced Micro Devices Inc. - Key news
• Exhibit 96: Advanced Micro Devices Inc. - Key offerings
• Exhibit 97: Advanced Micro Devices Inc. - Segment focus

• 10.4 AirSwap 
• Exhibit 98: AirSwap - Overview
• Exhibit 99: AirSwap - Product / Service
• Exhibit 100: AirSwap - Key offerings

• 10.5 Binance Services Holdings Ltd. 
• Exhibit 101: Binance Services Holdings Ltd. - Overview
• Exhibit 102: Binance Services Holdings Ltd. - Product / Service
• Exhibit 103: Binance Services Holdings Ltd. - Key offerings

• 10.6 Bitfury Group Ltd. 
• Exhibit 104: Bitfury Group Ltd. - Overview
• Exhibit 105: Bitfury Group Ltd. - Product / Service
• Exhibit 106: Bitfury Group Ltd. - Key offerings

• 10.7 Bitstamp Europe SA 
• Exhibit 107: Bitstamp Europe SA - Overview
• Exhibit 108: Bitstamp Europe SA - Product / Service
• Exhibit 109: Bitstamp Europe SA - Key offerings

• 10.8 Intel Corp. 
• Exhibit 110: Intel Corp. - Overview
• Exhibit 111: Intel Corp. - Business segments
• Exhibit 112: Intel Corp. - Key news
• Exhibit 113: Intel Corp. - Key offerings
• Exhibit 114: Intel Corp. - Segment focus

• 10.9 Microsoft Corp. 
• Exhibit 115: Microsoft Corp. - Overview
• Exhibit 116: Microsoft Corp. - Business segments
• Exhibit 117: Microsoft Corp. - Key news
• Exhibit 118: Microsoft Corp. - Key offerings
• Exhibit 119: Microsoft Corp. - Segment focus

• 10.10 Money Group Inc. 
• Exhibit 120: Money Group Inc. - Overview
• Exhibit 121: Money Group Inc. - Business segments
• Exhibit 122: Money Group Inc. - Key offerings
• Exhibit 123: Money Group Inc. - Segment focus

• 10.11 NVIDIA Corp. 
• Exhibit 124: NVIDIA Corp. - Overview
• Exhibit 125: NVIDIA Corp. - Business segments
• Exhibit 126: NVIDIA Corp. - Key news
• Exhibit 127: NVIDIA Corp. - Key offerings
• Exhibit 128: NVIDIA Corp. - Segment focus

• 10.12 Ripple Labs Inc. 
• Exhibit 129: Ripple Labs Inc. - Overview
• Exhibit 130: Ripple Labs Inc. - Product / Service
• Exhibit 131: Ripple Labs Inc. - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 132: Inclusions checklist
• Exhibit 133: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 134: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 135: Research methodology
• Exhibit 136: Validation techniques employed for market sizing
• Exhibit 137: Information sources

• 11.5 List of abbreviations 
• Exhibit 138: List of abbreviations

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