DUBLIN, 31 October 2023 /PRNewswire/ — The “Crypto Wallet Market Size, Share and Trends Analysis Report by Wallet Type (Hot Wallets, Cold Wallets), By Operating System (Android, iOS), By Application, By End User, By Region and Segment Forecasts, 2023 – 2030″ report is at ResearchAndMarkets.com ‘s offer added.
The global crypto wallet market size is expected to reach USD 48.27 billion by 2030, growing at a CAGR of 24.8% from 2023 to 2030
Crypto wallets help users to store their private keys securely and use them while making any transactions cryptocurrency. The increasing use of cryptocurrency for individual and commercial use, the growing demand for improved security crypto transactions, the growing use of smartphones and internet penetration are expected to drive the growth of the market over the forecast period.
The growing internet penetration and smartphone usage is expected to drive the demand for crypto wallets. Internet users worldwide increased from 4,585 million to 4,901 million from 2020 to 2021. The increasing Internet use contributes to the adoption of cryptocurrencies around the world.
Users are increasingly adopting crypto wallets to store, receive and send cryptocurrency, which is easily accessible, and downloadable software. The increasing smartphone penetration is driving mobile crypto wallet download, thereby contributing to the market’s growth.
The integration of crypto wallets in mainstream financial services are gaining momentum. Traditional banks and financial institutions recognize the potential of cryptocurrencies and blockchain technology. As a result, they are exploring partnerships with crypto wallet providers to offer their customers secure access to digital assets.
The COVID-19 pandemic has a positive impact on the crypto wallet operation. In light of financial extremes and economic collapses created as a result of the pandemic, cryptocurrencies proved more resilient. During this economic downturn, technologically inclined investors were looking cryptocurrencies as a more stable stock value, which is a boom in the cryptocurrency market.
Additionally, the rapid digitization and high-speed internet infrastructure growth fueled by the pandemic has created a rich environment for digital currency. All these factors are expected to contribute to the growing market for crypto wallets in the future.
Crypto Wallet Market Report Highlights
Based on wallet type, the cold wallet segment is expected to witness significant growth over the forecast period. With the growing concern about cyber threats and the importance of security cryptocurrency investments, the demand for cold wallets is expected to increase. Based on the operating system, the Android segment is expected to witness significant growth over the forecast period. The flexibility of the Android ecosystem has made it easier for users to access and manage them cryptocurrency holdings. Android crypto wallet apps are available through various app stores and can be easily downloaded and installed on smartphones and tablets. On the basis of application, the remittance segment is expected to register significant growth over the forecast period. Cryptocurrency remittance enables instant fund transfers in real time at lower processing fees. Cryptocurrency companies are increasingly offering remittance services to meet growing demand cryptocurrency users. The increasing demand for cryptocurrency is expected to fuel the segment’s growth On the basis of end-user, the individual segment is expected to register significant growth over the forecast period. The global cryptocurrency users increased from 106 million in January 2021 to 295 million in December 2021. The increasing demand for cryptocurrencies for trading, store of value, remittance and payments is expected to drive the growth of the individual segment. Based on region, the Asian Pacific Ocean is expected to emerge as the fastest growing regional market. The region is witnessing a surge in fintech innovation and blockchain-related startups, leading to the development of user-friendly and secure crypto wallet solutions.
Company profiles
Coin base Global, Inc. Bitgo
Binance
Bitpay Satoshilabs SRO(Trezor) Ledger Sas Blockfi Inc. Exodus Movement, Inc. Zengo Ltd.
Crypto.Com Blockchain.Com, Inc.
Key topics covered:
Chapter 1 Methodology and Scope
1.1. Research methodology
1.2. Research scope and assumptions
1.3. List of data sources
Chapter 2 Executive Summary
2.1. Markkiekie
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3 Crypto Wallet Industry Outlook
3.1. Market segmentation and scope
3.2. Crypto Wallet Market- Value Chain Analysis
3.3. Crypto Wallet Market – Market Dynamics
3.3.1. Market Manager Analysis
3.3.1.1. Increasing financial awareness and use of cryptocurrency
3.3.1.2. Acceptance of cryptocurrencies by businesses
3.3.2. Market Challenge Analysis
3.3.2.1. Data privacy and security concerns
3.3.3. Market Opportunity Analysis
3.3.3.1. Technological advances in crypto wallet
3.4. Crypto Wallet Market – Porter’s Five Forces Analysis
3.5. Crypto Wallet Market – PESTEL Analysis
Chapter 4 Investment landscape analysis
4.1. Investor Strategies
4.2. Investor Vision & Objective Analysis
4.3. Funding raised by Crypto Stock Exchange Companies
4.4. Investments made in Crypto Purses
Chapter 5 Crypto Wallet type Outlook
5.1. Crypto Wallet share by wallet type, 2022
5.1.1. Worldwide crypto wallet market, by wallet type, 2017 – 2030
5.2. Hot wallets
5.2.1. Hot crypto wallet market, 2017 – 2030
5.2.1.1. Web-based hot crypto wallet market, 2017 – 2030
5.2.1.2. Mobile hot crypto wallet market, 2017 – 2030
5.2.1.3. Desktop hot crypto wallet market, 2017 – 2030
5.3. Cold wallets
5.3.1. Cold crypto wallet market, 2017 – 2030
5.3.1.1. Paper cold crypto wallet market, 2017 – 2030
5.3.1.2. Hardware cold crypto wallet market, 2017 – 2030
Chapter 6 Crypto Wallets Operating System Outlook
6.1. Crypto Scholarship share by operating system, 2022
6.1.1. Worldwide crypto wallet market, by operating system, 2017 – 2030
6.2. Android
6.3. iOS
6.4. Other
Chapter 7 Crypto Wallets Application Outlook
7.1. Crypto Wallet market share by application, 2022
7.1.1. Worldwide crypto wallet market, by application, 2017 – 2030
7.2. Peer-to-Peer Payments
7.3. Trade
7.4. Overpayment
7.5. Other
Chapter 8 Crypto Wallets End User Outlook
8.1. Crypto Wallet share by end user, 2022
8.1.1. Worldwide crypto wallet market, by end user, 2017 – 2030
8.2. Individually
8.3. Commercially
8.3.1. Crypto wallet market by commercial, 2017 – 2030
8.3.1.1. Crypto wallet market in BFSI, 2017 – 2030
8.3.1.2. Crypto wallet market in games, 2017 – 2030
8.3.1.3. Crypto wallet market in government, 2017 – 2030
8.3.1.4. Crypto wallet market in retail and e-commerce, 2017 – 2030
8.3.1.5. Crypto wallet market in media and entertainment, 2017 – 2030
8.3.1.6. Crypto wallet market in others, 2017 – 2030
Chapter 9 Crypto Wallet Regional Outlook
9.1. Crypto Wallet market share by region, 2022
9.1.1. Worldwide crypto wallet market, by region, 2017 – 2030
Chapter 10 Competitive Analysis
10.1. Recent developments and impact analysis, by key market participants
10.2. Company categorization
10.3. Seller Landscape
10.3.1. Key company market share analysis, 2022
10.4. Company Analysis Tool
10.4.1. Company market position analysis
10.4.2. Competitive dashboard analysis
Chapter 11 Competitive landscape
11.1. Company Overview
11.2. Financial performance
11.3. Product benchmarking
11.4. Strategic initiatives
For more information on this report visit https://www.researchandmarkets.com/r/sn2xol
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