Cryptocurrency market to be valued at USD 8 billion by the end 2028, driven by increasing adoption by business and governments

According to RationalStat analysis, Global Cryptocurrency Market is estimated at USD 5.8 billion in 2022 and is expected to grow at a significant CAGR of over 14% over the forecast period of 2023-2028

Numerous initiatives and businesses offer goods and services that make it easier for regular people to utilize cryptocurrencies and develop the software framework to run on top of public blockchains, which will further boost the global cryptocurrency market.

Cryptocurrencies can lower or eliminate a variety of transaction and exchange rate fees because they are effectively globalized by being online and not being attached to particular national or corporate organizations. Strong perceptions of the 'revolutionary' development potential in the cryptocurrency sector are anticipated to be influenced by avoiding fees related to established financial institutions.

Market Scope and Report Overview

According to a deep-dive market assessment by RationalStat, the global cryptocurrency market has been analyzed on the basis of market segments, including type, product type, end use, and geography/regions (incl. North India, West & Central India, East India, South India). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2028.

Market intelligence for the global cryptocurrency market covers market sizes on the basis of market value (USD/EUR Million) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.

In addition, the long-term sector and products/services 10-year outlook and its implications on the global cryptocurrency market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, and insights, etc.

Explore the deep insights on report - Request for Sample and Scope of the Study

RationalStat has segmented the global cryptocurrency market based on type, product type, end use and region

Global Cryptocurrency Market Value (USD Million), and Market Share (2023-2028) Analysis by Type
- Hardware
  - ASIC (Application-Specific Integrated Circuit)
  - GPU (Graphical Programming Units)
  - FGPAs (Field-Programmable Gate Arrays)
- Software
  - Payments
  - Wallets
  - Exchanges
  - Mining
- Global Cryptocurrency Market Value (USD Million), and Market Share (2023-2028) Analysis by Product Type
  - Altcoins
    - Ethereum (ETH)
    - Litecoin (LTC)
    - Bitcoin (BCH)
    - Dogecoin (DOGE)
    - Monero (XMR)
    - Dash (DASH)
    - Others (Ripple, Ether Classic)
  - Tokens
    - IOTA (MIOTA)
    - EOS (EOS)
    - Exchange Union (XUC)
    - Veritaseum (VERI)
  - Ontology (ONT)
  - Global Cryptocurrency Market Value (USD Million), and Market Share (2023-2028) Analysis by End Use
    - Trading
    - E-commerce & Retail
    - Peer-to-Peer Payment
    - Banking
    - Remittance
  - Global Cryptocurrency Market Value (USD Million), and Market Share (2023-2028) Analysis by Region
    - North America
      - US
      - Canada
    - Latin America
      - Brazil
      - Mexico
      - Rest of Latin America
    - Western Europe
      - Germany
      - UK
      - France
      - Spain
      - Italy
      - Benelux
      - Nordic
      - Rest of Western Europe
    - Eastern Europe
      - Russia
      - Poland
      - Rest of Eastern Europe
    - Asia Pacific
      - China
      - Japan
      - India
      - South Korea
      - Australia
      - ASEAN (Indonesia, Vietnam, Malaysia, etc.)
      - Rest of Asia Pacific
    - Middle East & Africa
      - GCC
      - South Africa
      - Turkey
      - Rest of the Middle East & Africa