市場調查報告書
商品編碼
1483127
全球加密貨幣市場評估:依類型、組件、流程、最終用戶、地區、機會、預測(2017-2031)Cryptocurrency Market Assessment, By Type, By Component, By Process, By End-user, By Region, Opportunities and Forecast, 2017-2031F |
全球加密貨幣市場規模預計將從 2023 年的 33.9 億美元增至 2031 年的 53.5 億美元,預計 2024-2031 年的複合年增長率為 5.88%。
加密貨幣(虛擬貨幣)以數位方式存在,並使用區塊鏈等分散式帳本技術來驗證和保護交易。它被用作點對點系統,允許從世界任何地方發送和接收交易,而無需依賴銀行來驗證交易。加密貨幣有不同類型,每種都有自己的規則。加密貨幣是去中心化的,因為它們不受任何監管機構的控制,用於購買、出售、交換和儲存加密貨幣。
加密貨幣價格的波動取決於許多因素,例如政府政策、經濟狀況和媒體報導。銀行開始投資加密貨幣平台並推出基於區塊鏈的系統。全球有超過4.2億加密貨幣用戶,平均擁有率為4.2%,其中72%年齡在34歲以下。利用區塊鏈技術和數位貨幣,公司正在與其他公司合作並投資加密貨幣,為用戶提供優質服務。
數位資產的普及推動市場發展
加密貨幣市場顯示數位資產的採用率不斷增加。隨著越來越多的個人和企業認識到加密貨幣在安全、高效的交易和通膨對沖方面的潛力,加密貨幣的使用正在擴大。金融機構越來越多地採用加密貨幣服務,提高了其在市場上的可信度。這種廣泛的接受度不僅限於比特幣和以太坊,還擴展到提供多樣化投資機會的各種山寨幣和代幣。與傳統金融系統相比,加密貨幣的去中心化特性具有優勢,例如降低交易成本和提高金融服務的可用性,尤其是在銀行業務受限的地區。根據《富比士》報道,2024 年 1 月至 2 月,數位資產存款餘額增加了 80%。而且,過去三個月的總交易額增加了100%。根據市場趨勢和分析,系統交換的是數位貨幣,而不是像現金一樣的銀行存款,因此不需要銀行間支付。在加密貨幣市場中獲得更高回報的能力對於在其投資組合中尋求阿爾法的機構投資者來說很有吸引力。機構投資者的採用為加密貨幣市場帶來了穩定性、流動性和可接受性。
財務透明度支持市場擴張
金融支付系統對營運效率和透明度的需求不斷增長,正在推動全球加密貨幣市場的成長。數位貨幣是使用區塊鏈技術創建的,該技術允許多個實體儲存過去交易的副本。區塊鏈採用加密技術來確保交易的安全性,使敵對行為者難以闖入系統。這種高端證券吸引投資者和企業參與加密貨幣市場,提高其整體流動性、穩定性和可靠性。
根據 2023 年全球加密貨幣採用指數,印度在消費者日常生活中草根加密貨幣採用方面在 154 個國家中排名第一,其次是尼日利亞和越南。傳統的金融體系通常涉及中介機構、支付流程緩慢、費用高且延遲多。區塊鏈消除了中介機構的作用,並允許消費者暫停交易並將其記錄在分類帳上。它實現了即時、低成本的國際貿易,這對於跨國公司和個人來說□□尤其有前景。
亞太地區主導全球加密貨幣市場
該市場以亞太地區為主,韓國、日本和印度等國家接受加密貨幣並增加了加密貨幣交易所的數量。強而有力的監管框架、促進技術創新和投資者信心是市場成長的驅動因素。雖然機構投資者對加密貨幣的投資正在增加,但散戶投資者的採用也持續成長。該地區的主要公司正在與其他公司建立合作夥伴關係,以應對競爭激烈的市場。
本報告研究和分析了全球加密貨幣市場,提供市場規模和預測、市場動態以及主要公司的現狀和前景。
Global Cryptocurrency market is projected to witness a CAGR of 5.88% during the forecast period 2024-2031, growing from USD 3.39 billion in 2023 to USD 5.35 billion in 2031. The rise in distributed ledger technology adoption, increasing use of cryptocurrencies for cross-border remittances, rising adoption of digital assets, technological innovations, rising awareness among individuals, and the need for transparency in the financial payments systems. Improved market capitalization is one of the factors that has led to the country's growth of the cryptocurrency market.
Cryptocurrency, or virtual currency, exists digitally and uses distributed ledger technology such as blockchain to validate and secure transactions. It does not rely on banks to validate the transactions but is used as a peer-to-peer system that allows users to send and receive payments from anywhere in the world. Various types of cryptocurrencies exist, each with its own set of rules. Cryptocurrencies are decentralized, as no regulatory body governs them, and are used for buying, selling, swapping, and storing cryptos.
Prices of cryptocurrencies fluctuate due to government policies, economic conditions, media coverage, and many other factors. Banks have started investing in cryptocurrency platforms and launching their blockchain-based systems. Globally, there are over 420 million cryptocurrency users, with an average of 4.2 percent ownership rates and 72 percent aged below 34. With the advantages of blockchain technology and digital currency, companies are collaborating with other companies and investing in cryptocurrencies to offer quality services to their users.
Rise in Adoption of Digital Assets Will Boost the Market
The cryptocurrency market reveals the rise in the adoption of digital assets. As more individuals and businesses identify the potential of cryptocurrencies for secure, efficient transactions and hedge against inflation, their usage is growing. Financial institutions increasingly incorporate crypto services, utilizing more credibility in the market. This broader acceptance is not limited to Bitcoin and Ethereum but extends to various altcoins and tokens that offer diverse investment opportunities. Cryptocurrencies' decentralized features provide benefits compared to conventional financial systems, which include reduced transaction costs and advanced availability of financial services, especially in areas with limited banking access. According to Forbes, deposits saw an 80% increase in digital assets from January to February 2024. There was a 100% rise in total transactions over the last three months. Oriented with market trends and analysis, no interbank payments are required as the system exchanges digital currencies instead of bank deposits such as cash. The capability for more returns in the crypto market is attractive to institutions seeking alpha in their portfolios. Institutional adoption brings stability, liquidity, and acceptance to the cryptocurrency market.
Financial Transparency Boosting Market Expansion
An increase in the need for operational efficiency and transparency in financial payment systems is driving the growth of the global cryptocurrency market. Digital currencies are being created using Blockchain technology, allowing multiple entities to keep copies of their historic transactions. It employs cryptographic techniques to secure transactions, making it difficult for hostile actors to hack into the system. This high-end security has drawn investors and institutions to participate in the cryptocurrency market, increasing its overall liquidity, stability, and credibility.
According to the Global Crypto Adoption Index 2023, India ranked first amongst 154 nations in grassroots crypto adoption by consumers for daily life, followed by Nigeria and Vietnam. Traditional financial systems often involved intermediaries and lengthy settlement processes, incurring high fees and delays. Blockchain eliminates the middlemen's role; consumers can pause transactions and note them in their ledger. It enables real-time, low-cost international transactions, which is especially promising for global businesses and individuals.
Asia-Pacific to Dominate Global Cryptocurrency Market
The market is dominated by Asia-Pacific, owing to the acceptance of cryptocurrency in countries like South Korea, Japan, and India, and the increase in cryptocurrency exchanges. The robust regulatory framework, fostering innovation, and investor confidence are the factors boosting the market growth. Institutions are increasingly investing in cryptocurrencies while retail adoption continues to grow. The leading players in the region are entering into partnerships and collaborating with companies to address the competitive market.
North America is emerging at a faster pace in the global cryptocurrency market. The region is witnessing high investments in companies using blockchain technology to develop innovative solutions for cryptocurrency mining systems with high hash rates and reliable power efficiency.
Hardware Dominates Global Cryptocurrency Market
The hardware segment dominates the global cryptocurrency market as it embraces the physical components and devices used in cryptocurrency transactions and mining, including cryptocurrency wallets and securely storing digital assets. Various hardware types are prevalent in distinct features and utilities. Application-Specified Integrated Circuits (APICs) specialize in efficiently mining specific cryptocurrencies such as Bitcoin or Ethereum, while Graphic Processing Units (GPUs) offer versatility with lower efficiency. Understanding these hardware segments aids businesses in effectively approaching customers.
The hardware segment is vital for the integrity and efficiency of cryptocurrency networks, as it assists in the computational power needed for mining and ensures the resilience of the underlying blockchain technology. The Bitmain Antminer S19j Pro+ is one of the market's most powerful and efficient ASIC miners, with a power efficiency of 28 J/TH. The software segment is fast-growing, encompassing a wide range of applications, tools, and platforms that enable the creation and exchange of digital assets.
Bitcoin Emerging as a Key Player in the Market
Bitcoin emerged as an extraordinary performer in 2023, overshadowing traditional assets. Boasting a 154.37% rise in 2023, it has contributed USD 530 billion to its market capitalization. Bitcoin is a virtual currency operating as a decentralized alternative payment method in the cryptocurrency market which can be used for accounting, investing, and establishing smart card contracts in the virtual market. The development of Bitcoin Exchange Traded Funds (ETFs) is anticipated to increase Bitcoin trade volume during the country's forecast period. It urges a wide range of investors, from institutional players seeking a store of value to retail investors involved in trading and long-term investment.
Ethereum is the next fastest-growing cryptocurrency worldwide, driven by its fundamental role in the blockchain revolution, technical expertise, and advanced macroeconomic environment for disruption. Ethereum is an open software platform that introduced the concept of smart cards and allows users to build a range of decentralized applications.
Future Market Scenario (2024 - 2031F)
According to the Mudrex survey, 45% of users are investing in cryptocurrencies as a part of their retirement plans. The insight shows a growing trend of using digital assets in long-term financial goals like a retirement investment strategy. It sheds light on the perception that cryptocurrencies will be the main asset class in the future.
Japan's Government Pension Investment Fund, the largest pension fund in the world, announced in March 2024 that they are seeking Bitcoin as an investment option. These facts show that the future of global cryptocurrency market is a wide prospect and together with AI tools it will be more innovative, and user-friendly and will act as an important asset class in the future.
Key Players Landscape and Outlook
The cryptocurrency market can be described as a moderately competitive market characterized by the presence of expert players. Market leaders are boosting the competition in the market by seeking several strategies aimed at long-term sustenance, thereby making it challenging for new players to enter the market. The strategies followed by these companies are product innovations, a strong focus on research and development activities, geographical expansions, robust partnership agreements, and joint ventures. Moreover, there is a growing emphasis on compliance and regulatory fidelity to address concerns about money laundering and fraud.
WazirX launched new venture Pi42 in February 2024, which is a crypto-INR futures exchange that will provide a platform for users to invest in crypto tokens without worrying about paying tax. It is registered under the Financial Intelligence Unit - Global and is currently providing 5 tokens. Retail investors can now access global cryptocurrency market with leverage of up to 20X with no expiry dates.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work