Authored By: Sarah
29 Aug 2023

Global Cryptocurrency Market to reach revenue growth of USD 1,815.78 Mn through 2023-2027  

Global Cryptocurrency Market is estimated to grow at a CAGR of 15.81% between 2022 and 2027 followed by revenue growth of forecast USD 1,815.78 Mn. Determinants that have contributed to significant market expansion are the rising investment in digital assets, the increased availability of crypto wallets, and the increase in fintech spending.

Cryptocurrency Market can be segmented by Type (bitcoin, Ethereum, and others), Component (hardware and software), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

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Cryptocurrency Market  at a Glance


Rising investment in digital assets to Drive Growth Cryptocurrency Market: The ballooning cryptocurrency market is propelled by the rising investment in digital assets, as Digital assets, allow rapid transfer of ownership without the need for paperwork or documentation. Globally people interact with digital assets every day, starting from investing in crypto as a digital asset to digitizing existing investment assets, digital assets become integrated into the existing network of traditional financial markets.

If market trends are to be followed digital currency such as Bitcoin or Ethereum is one of the key cryptocurrency market trends that offer the potential for faster and cheaper bank transfers, accelerating e-commerce, and increasing the number of financial transactions.

Technavio has been monitoring the Global Cryptocurrency Market's growth trajectory through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. 

Core Companies of the Cryptocurrency Market: 

Technavio's research report provides insights into the top market players and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors market players must distinguish their product and service offerings through a clear and unique value proposition.

The major market players of Cryptocurrency are  Advanced Micro Devices Inc., Binance Holdings Ltd., Bitfury Group Ltd., BitGo Inc., BitMain Group, Bitstamp Europe SA, BlockFi Inc., Coinbase Global Inc., ConsenSys Software Inc.,iFinex Inc., Intel Corp., KuCoin, Ledger SAS, etc worth mentioning.

Organizations like AlphaPoint Corp offer cryptocurrency solutions such as AlphaPoint Exchange Software, AlphaPoint Brokerage Exchange Software, and AlphaPoint Yield Platform. Our report includes qualitative and quantitative analyses of core companies with a wider understanding of the business ecosystem. Download our sample report on Cryptocurrency Market

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerating at a CAGR of 15.81%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by USD 1815.78 mn through 2023-2027.

     
  3. What is a key factor driving this market?
    Rising investment in digital assets will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and Middle East, and Africa are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market?
    48% growth will originate from North America
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