The global crypto wallets market is anticipated to grow at a double-digit CAGR in the forecast period, 2023-2027. The market is driven by the growing popularity of cryptocurrencies and technological innovations and advancements in the cryptocurrency world with improved hacked and theft-free modules. The rise in demand for increased transparency of distributed ledger technology in the commercial sector and the surge in investments in cryptocurrency-based devices are expected to influence the global crypto wallets market demand in the coming years.

Advantages of using Crypto Wallets Drives the Market Growth

As the typical normal wallets’ stores cash, and other important car, crypto wallets do not store cryptocurrency. It makes use of blockchain technology, and confidential information can only be accessed by using the private key. Some of the types of crypto wallets include paper wallets, hardware wallets, and online wallets. Each type of crypto wallet has its own advantages and disadvantages. Wallets like paper wallets and hardware wallets are highly secure and harder for malicious users to access because they are stored offline and are limited in function and risk. While online wallets give the user access to crypto holdings, the user can manage all digital assets in one secure place. It allows you to control your private keys and send and receive cryptocurrency to and from anywhere in the world. Sometimes, it allows shopping through stores that will enable cryptocurrency transactions. The other advantages of using crypto wallets are ease of usage and high security. They allow instantaneous transactions across the countries and are barrier-free without intermediaries. With crypto wallets, multiple transactions can be done using different cryptocurrencies and ease the currency conversion process and have low transaction fees. Therefore, the benefits of using crypto wallets and the entry of new market players into the market who are adopting aggressive marketing strategies to stay ahead in the market are expected to bolster the global crypto wallets market demand over the next five years.

Growing Popularity of Cryptocurrencies Supports the High Market Demand

The trend of using cryptocurrencies is gaining momentum owing to their excellent features and technologies. A huge number of consumers are shifting towards cryptocurrencies in developed countries like the United States, many European countries, and Japan. The market players are making use of marketing campaigns to raise awareness about the benefits of cryptocurrencies. Cryptocurrencies make use of decentralized peer-to-peer structures to carry out transactions using blockchain technology. There is no centralized authority like banks that oversee or authorize the transactions. Blockchain technology enables the node on the network to automatically record and track the transactions in a distributed ledger. The ability to secure cryptocurrency transactions and store and secure users’ confidential information is expected to boost the global crypto wallets market growth in the coming years.


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Market Segmentation

The global cryptowallets market is segmented into type, end use, application, regional distribution, and competitive landscape. Based on the type, the market is divided into hot wallet & cold wallet. Based on the end use, the market is divided into trading, e-commerce, retail, peer-to-peer payment, remittance. Based on the application, the market is divided into commercial & individual. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North American region, European region, Asia-Pacific region, South American region, and Middle East & African region. In terms of country, the United States is expected to be one of the leading markets in the global crypto wallets market due to massive investments in cryptocurrency and the presence of key players in the country.

Market Players

ARCHOS, CoolBitX Technology, BitLox, ELLIPAL Limited, OPOLO SARL, Ledger SAS, ShapeShift, Satoshi Labs SRO, Shift Cryto AG, Sugi, are the major market players operating in the global crypto wallets market.

Attribute

Details

Base Year

2021

Historic Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Type

·         End Use

·         Application

Regional scope

North America; Europe; Asia Pacific; South America; Middle East & Africa

Country scope

United States; Canada; Mexico; France; Germany; United Kingdom; Italy; Spain; China; India; Japan; South Korea; Australia; Brazil; Argentina; Colombia; UAE; Saudi Arabia; South Africa;

Key companies profiled

ARCHOS, CoolBitX Technology, BitLox, ELLIPAL Limited, OPOLO SARL, Ledger SAS, ShapeShift, Satoshi Labs SRO, Shift Cryto AG, Sugi

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. 

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, global crypto wallets market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Crypto Wallets Market, By Type:
    • Hot Wallet
    • Cold Wallet
  • Crypto Wallets Market, By End Use:
    • Trading
    • E-Commerce
    • Retail
    • Peer-To-Peer Payment
    • Remittance
  • Crypto Wallets Market, By Application:
    • Commercial
    • Individual
  • Crypto Wallets Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
    • Middle East & Africa

§  UAE

§  Saudi Arabia

§  South Africa

    • South America
      • Brazil
      • Argentina
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global crypto wallets market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
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1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customer

4.1.  Respondent Demographics

4.2.  Factors Influencing Purchase Decision

4.3.  Sources of Information

4.4.  Challenges Faced Post Purchase

5.    Global Crypto Wallets Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Type (Hot Wallet & Cold Wallet)

5.2.2.     By End Use (Trading, E-Commerce, Retail, Peer-To-Peer Payment, Remittance)

5.2.3.     By Application (Commercial & Individual)

5.2.4.     By Region

5.2.5.     By Company (2021)

5.3.  Market Map

6.    North America Crypto Wallets Market Outlook

6.1.  Market Size & Forecast          

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Type

6.2.2.     By End Use

6.2.3.     By Application

6.2.4.     By Country (United States; Canada; Mexico and Rest of North America)

6.3.  North America: Country Analysis

6.3.1.     United States Crypto Wallets Market Outlook

6.3.1.1.         Market Size & Forecast

6.3.1.1.1.             By Value

6.3.1.2.         Market Share & Forecast

6.3.1.2.1.             By Type

6.3.1.2.2.             By End Use

6.3.1.2.3.             By Application

6.3.2.     Canada Crypto Wallets Market Outlook

6.3.2.1.         Market Size & Forecast

6.3.2.1.1.             By Value

6.3.2.2.         Market Share & Forecast

6.3.2.2.1.             By Type

6.3.2.2.2.             By End Use

6.3.2.2.3.             By Application

6.3.3.     Mexico Crypto Wallets Market Outlook

6.3.3.1.         Market Size & Forecast

6.3.3.1.1.             By Value

6.3.3.2.         Market Share & Forecast

6.3.3.2.1.             By Type

6.3.3.2.2.             By End Use

6.3.3.2.3.             By Application

7.    Europe Crypto Wallets Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By End Use

7.2.3.     By Application

7.2.4.     By Country (France; Germany; UK; Italy; Spain and Rest of Europe)

7.3.  Europe: Country Analysis

7.3.1.     France Crypto Wallets Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Type

7.3.1.2.2.             By End Use

7.3.1.2.3.             By Application

7.3.2.     Germany Crypto Wallets Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Type

7.3.2.2.2.             By End Use

7.3.2.2.3.             By Application

7.3.3.     United Kingdom Crypto Wallets Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Type

7.3.3.2.2.             By End Use

7.3.3.2.3.             By Application

7.3.4.     Italy Crypto Wallets Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Type

7.3.4.2.2.             By End Use

7.3.4.2.3.             By Application

7.3.5.     Spain Crypto Wallets Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Type

7.3.5.2.2.             By End Use

7.3.5.2.3.             By Application

8.    Asia-Pacific Crypto Wallets Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By End Use

8.2.3.     By Application

8.2.4.     By Country (China; India; Japan; South Korea; Australia; and Rest of Asia Pacific)

8.3.  Asia-Pacific: Country Analysis

8.3.1.     China Crypto Wallets Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Type

8.3.1.2.2.             By End Use

8.3.1.2.3.             By Application

8.3.2.     India Crypto Wallets Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Type

8.3.2.2.2.             By End Use

8.3.2.2.3.             By Application

8.3.3.     Japan Crypto Wallets Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Type

8.3.3.2.2.             By End Use

8.3.3.2.3.             By Application

8.3.4.     South Korea Crypto Wallets Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Type

8.3.4.2.2.             By End Use

8.3.4.2.3.             By Application

8.3.5.     Australia Crypto Wallets Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Type

8.3.5.2.2.             By End Use

8.3.5.2.3.             By Application

9.    Middle East and Africa Crypto Wallets Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Type

9.2.2.     By End Use

9.2.3.     By Application

9.2.4.     By Country (UAE; Saudi Arabia; South Africa and Rest of Middle East & Africa)

9.3.  MEA: Country Analysis

9.3.1.     South Africa Crypto Wallets Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Type

9.3.1.2.2.             By End Use

9.3.1.2.3.             By Application

9.3.2.     Saudi Arabia Crypto Wallets Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Type

9.3.2.2.2.             By End Use

9.3.2.2.3.             By Application

9.3.3.     UAE Crypto Wallets Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Type

9.3.3.2.2.             By End Use

9.3.3.2.3.             By Application

9.3.4.     Turkey Crypto Wallets Market Outlook

9.3.4.1.         Market Size & Forecast

9.3.4.1.1.             By Value

9.3.4.2.         Market Share & Forecast

9.3.4.2.1.             By Type

9.3.4.2.2.             By End Use

9.3.4.2.3.             By Application

10.  South America Crypto Wallets Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Type

10.2.2.  By End Use

10.2.3.  By Application

10.2.4.  By Country (Brazil; Argentina; Colombia; and Rest of South America)

10.3.              South America: Country Analysis

10.3.1.  Brazil Crypto Wallets Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Type

10.3.1.2.2.           By End Use

10.3.1.2.3.           By Application

10.3.2.  Argentina Crypto Wallets Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Type

10.3.2.2.2.           By End Use

10.3.2.2.3.           By Application

10.3.3.  Colombia Crypto Wallets Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Type

10.3.3.2.2.           By End Use

10.3.3.2.3.           By Application

11.  Market Dynamics

11.1.              Drivers

11.2.              Challenges

12.  Market Trends & Developments

13.  Competitive Landscape

13.1.              Company Profiles

13.1.1.  ARCHOS

13.1.2.  CoolBitX Technology

13.1.3.  BitLox

13.1.4.  ELLIPAL Limited

13.1.5.  OPOLO SARL

13.1.6.  Ledger SAS

13.1.7.  ShapeShift

13.1.8.  Satoshi Labs SRO

13.1.9.  Shift Cryto AG

13.1.10.  Sugi

14.  Strategic Recommendations

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