Crypto Wallets Market - Global Industry Analysis

Crypto Wallets Market By Channel (Online and Offline), By Type (Cold Wallet and Hot Wallet), By End-User (Individual and Commercial), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Published Date: 01-Sep-2022 Category: Technology & Media Report Format : PDF Pages: 166 Report Code: ZMR-7053 Status : Published

The global crypto wallets market size was worth around USD 252 million in 2021 and is predicted to grow to around USD 686 million by 2028 with a compound annual growth rate (CAGR) of roughly 24.2% between 2022 and 2028.

Description

Crypto Wallets Market Size And Industry Analysis

The global crypto wallets market size was worth around USD 252 million in 2021 and is predicted to grow to around USD 686 million by 2028 with a compound annual growth rate (CAGR) of roughly 24.2% between 2022 and 2028. The report analyzes the global crypto wallets market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the crypto wallets market.

Crypto Wallets Market: Overview

A crypto wallet or cryptocurrency wallet is any form of service, program, or physical medium that is used to store private or public keys that aid transactions related to cryptocurrencies. Private and /or private keys are a form of asymmetric cryptography that uses keys in pairs with each pair consisting of a private key and a public key. The generation of these keys is based on arithmetic calculations that are termed one-way functions. They are not like normal wallets that hold the currency itself or cryptos in this case.

However, they allow accessing holdings in blockchain with the help of the private key which is a password for accessing cryptocurrencies. In addition to safeguarding the key, they also enable other offerings like signing information or encrypting. Signing information is generally related to the execution of a smart contract which is a crypto-related transaction dealing with identifying and legally signing a virtual contract. A crypto wallet operates by generating a set of random numbers which is used with the length depending on the size of the algorithm based on the technological requirements of the cryptocurrency.

The number is later converted into a private key influenced by the requirements of the cryptography algorithm. This step is followed by the generation of a public key. The private key is essentially used by the owner of the crypto wallet for transactions and should not be shared with anyone else, whereas the public key is shared with the party who is expecting to receive the cryptocurrency. While this is the main utilization of crypto wallets, there are other functions that these wallets perform as well which include eID wallets that are customized to become compatible with the given framework. Contrary to simple crypto wallets, there are multi-signature wallets as well requiring multiple parties to sign for completing the transaction.

Global Crypto Wallets Market

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Key Insights

  • As per the analysis shared by our research analyst, the global crypto wallets market is estimated to grow annually at a CAGR of around 24.2% over the forecast period (2022-2028).
  •  In terms of revenue, the global crypto wallets market size was valued at around USD 252 million in 2021 and is projected to reach USD  686 million, by 2028. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
  • Based on end-user segmentation, the individual was predicted to show maximum market share in the year 2021
  • Based on type segmentation, the cold wallet was the leading revenue-generating type in 2021.
  • On the basis of region, North America was the leading revenue generator in 2021

Covid-19 Impact:

The global market cap had a positive impact due to Covid-19. As per a research report by the Asian Economic Letters, most cryptocurrencies became more efficient post-Covid-19. For instance, the price of Litecoin surged by 3.2 to 3.84%, and Ethereum rose by 1.43-1.75%. However, there were certain roadblocks pertaining to delays in the launch of new systems, programs, etc. but the global market witnessed a surge in awareness rate during 2020 and 2021.

Crypto Wallets Market: Growth Drivers

Growing adoption of cryptocurrency to trigger the market growth

The global crypto wallets market is expected to grow owing to the rising adoption and use of cryptocurrencies across the globe. As per crypto.com, the research agency claimed that as of January 2022, the number of crypto users globally was around 300 million and the count is projected to reach over 1 billion by the end of 2022. Comscore published a report in which the statistics reported that the cryptocurrency market has reached 17 million users as of March 2021 from 6 million users in March 2020 and the market grew by a whopping 421% from 2021 to March 2022 reaching a total number of 90 million users.

These numbers indicate the fast rate at which cryptocurrency is gaining access in all regional markets. The growth in the number of users can be attributed to the rising awareness and initiatives undertaken by crypto agencies to help customers gain confidence in the authenticity, security, and prospects of investments in cryptos. As the user count for cryptocurrency grows, the same is expected for the global market since cryptocurrency and crypto wallets go hand-in-hand. These wallets enable higher security of cryptocurrencies and transactions cannot be completed without crypto wallets. The growing demand for tightening security around crypto-transactions and the need for better security systems is anticipated to help the global market grow further.

Crypto Wallets Market: Restraints

Concerns related to wallet access permission to restrict the market growth

When a user chooses a wallet, it is important to be aware of who else has the access to the copy of the private key which automatically makes the other party capable of signing. Just like in the case of physical banks, users need to have trust in the crypto wallet provider. For instance, Mt. Gox, a bitcoin exchange from Japan, misplaced this trust which resulted in most of its clients losing their bitcoins. Downloading a crypto wallet on any system like a phone does not necessarily mean that only the user has the access to the private key. In fact, in Coinbase, a person can access the private key from the phone-installed application as well as the website. These concerns may restrict the global market growth.

Crypto Wallets Market: Opportunities

Initiatives undertaken by service providers to create growth opportunities

Since cryptos are still evolving with the addition of multiple players annually and the market being extremely volatile, service providers including both crypto companies and crypto-related services like wallets, securities, and others are constantly upgrading their facilities or systems which is anticipated to help the global market grow further. For instance, the Bitcoin Armory, which is an open-source, python based application for wallet management specially designed for the Bitcoin network, uses its hierarchical deterministic scheme which eventually served as the inspiring idea for the BIP32 standard

Crypto Wallets Market: Challenges

Vulnerabilities associated with crypto wallets to challenge market growth

A cryptocurrency wallet may have its own sets of vulnerabilities that may or may not be known. A side-channel attack or supply-chain attack of ways of introducing vulnerabilities. In certain cases, even if a computer is not connected to any network, it can still be hacked. Unless these security concerns are dealt with by developing a concrete attack-secure plan the global market may face growth challenges during the projection period.

Crypto Wallets Market: Segmentation

The global crypto wallets market is segmented by channel, type, end-user, and region

Based on channels, the global market segments are online and offline. The global market is dominated by the offline channel since it is widely preferred amongst users given the security perspective. Many platforms offer these services to keep their cryptos safe from cyber-attacks. For instance, as per Chainanalysis, hackers managed to steal around USD 3.2 billion of cryptocurrency in multiple cyber-attacks.

Based on type, the global market is divided into cold wallet and hot wallet. A cold wallet is not connected to the internet and is sometimes referred to as a hardware wallet. These systems allow for keeping cryptos safe in an offline environment making them safe from online attacks. The more advanced cold wallets are safe from physical damage as well. The cold wallet market is projected to grow at a CAGR of 27.1% by 2028 which is a higher growth rate than the rate at which crypto exchange is expected to grow.

Based on end-user, the global market segments are individual and commercial. The global market share was dominated by individual segments in 2021 and is projected to garner more revenues in the coming year as well. The most popular form of crypto wallet is Coinbase Wallet. As per the company's official report, more than 103 million verified users are using the Coinbase exchange brand to deal in cryptos.

Recent Developments:

  • In August 2022, Solana crypto wallets faced a massive cyber-attack resulting in more than 8000 wallets being compromised. Even though the total amount lost in the attack is unclear, at least four of the Solana wallets that were attacked drained over USD 8 million from the users, as per official reports by PeckShield. This resulted in Solana’s falling by 7% in a span of 24 hours.
  • In January 2022, Fendi, a giant in luxury items, took a different route for global expansion by collaborating with Ledger, a leader in digital asset management, for the launch of a luxury crypto wallet accessories line. The tech products were launched on web3 which is a decentralized application running on the blockchain, as per ethereum.org.

Crypto Wallets Market Report Scope:

Report Attributes Report Details
Report Name  Crypto Wallets Market Research Report
Number of Pages 166
Key Companies Covered ELLIPAL Limited, CoolBitX Technology Ltd., BitLox, ShapeShift, Sugi (zSofitto NV), OPOLO SARL, Satoshi Labs SRO, Ledger SAS, and Shift Crypto AG.
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
Countries Covered North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2021
Historical Year 2016 to 2020
Forecast Year 2022 - 2028
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

 

Crypto Wallets Market: Regional Analysis

North America to lead with the largest market share by 2028

The global crypto wallets market is projected to be dominated by North America during the projection period owing to the higher demand for cryptocurrencies and subsequently raising the need for crypto wallets. This can also be attributed to the vast investments that are regularly made in cryptos across regions like Canada and the USA propelling the service providers to upgrade their systems to keep up with the growing user expectations. The advanced economies allow the region to invest in better technologies resulting in a greater crypto adoption rate thus propelling regional growth.

For instance, as per reports by Forrester, merchants accepting Bitcoin tend to attract more customers and subsequent sales than merchants accepting other forms of payments like credit cards. Asia-Pacific is also expected to generate high revenue majorly driven by India, Japan, South Korea, and others. India is witnessing a staggering rise in the number of crypto users and more people are seen investing in the technology. The demand for the products is increasing since it is one of the gateways to a quicker and more secure peer-2-peer transaction across all demographics.

Crypto Wallets Market: Competitive Analysis

The global crypto wallets market is dominated by players like ELLIPAL Limited, CoolBitX Technology Ltd., BitLox, ShapeShift, Sugi (zSofitto NV), OPOLO SARL, Satoshi Labs SRO, Ledger SAS, and Shift Crypto AG

The global crypto wallets market is segmented as follows:

By Channel

  • Online
  • Offline

By Type

  • Cold Wallet
  • Hot Wallet

By End-User

  • Individual
  • Commercial

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Crypto Wallets Market, (2022 - 2028) (USD Million)
    • 2.2 Global Crypto Wallets Market : snapshot
  • Chapter 3. Global Crypto Wallets Market - Industry Analysis
    • 3.1 Crypto Wallets Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Growing adoption of cryptocurrency to trigger the market growth
    • 3.3 Market Restraints
      • 3.3.1. Concerns related to wallet access permission to restrict the market growth
    • 3.4 Market Opportunities
      • 3.4.1. Initiatives undertaken by service providers to create growth opportunities
    • 3.5 Market Challenges
      • 3.5.1. Vulnerabilities associated with crypto wallets to challenge market growth
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Channel
      • 3.7.2 Market attractiveness analysis By Type
      • 3.7.3 Market attractiveness analysis By End-User
  • Chapter 4. Global Crypto Wallets Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Crypto Wallets Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Crypto Wallets Market - Channel Analysis
    • 5.1 Global Crypto Wallets Market overview: By Channel
      • 5.1.1 Global Crypto Wallets Market share, By Channel, 2021 and 2028
    • 5.2 Online
      • 5.2.1 Global Crypto Wallets Market by Online, 2022 - 2028 (USD Million)
    • 5.3 Offline
      • 5.3.1 Global Crypto Wallets Market by Offline, 2022 - 2028 (USD Million)
  • Chapter 6. Global Crypto Wallets Market - Type Analysis
    • 6.1 Global Crypto Wallets Market overview: By Type
      • 6.1.1 Global Crypto Wallets Market share, By Type, 2021 and 2028
    • 6.2 Cold Wallet
      • 6.2.1 Global Crypto Wallets Market by Cold Wallet, 2022 - 2028 (USD Million)
    • 6.3 Hot Wallet
      • 6.3.1 Global Crypto Wallets Market by Hot Wallet, 2022 - 2028 (USD Million)
  • Chapter 7. Global Crypto Wallets Market - End-User Analysis
    • 7.1 Global Crypto Wallets Market overview: By End-User
      • 7.1.1 Global Crypto Wallets Market share, By End-User, 2021 and 2028
    • 7.2 Individual
      • 7.2.1 Global Crypto Wallets Market by Individual, 2022 - 2028 (USD Million)
    • 7.3 Commercial
      • 7.3.1 Global Crypto Wallets Market by Commercial, 2022 - 2028 (USD Million)
  • Chapter 8. Crypto Wallets Market - Regional Analysis
    • 8.1 Global Crypto Wallets Market Regional Overview
    • 8.2 Global Crypto Wallets Market Share, by Region, 2021 & 2028 (USD Million)
    • 8.3. North America
      • 8.3.1 North America Crypto Wallets Market, 2022 - 2028 (USD Million)
        • 8.3.1.1 North America Crypto Wallets Market, by Country, 2022 - 2028 (USD Million)
    • 8.4 North America Crypto Wallets Market, by Channel, 2022 - 2028
      • 8.4.1 North America Crypto Wallets Market, by Channel, 2022 - 2028 (USD Million)
    • 8.5 North America Crypto Wallets Market, by Type, 2022 - 2028
      • 8.5.1 North America Crypto Wallets Market, by Type, 2022 - 2028 (USD Million)
    • 8.6 North America Crypto Wallets Market, by End-User, 2022 - 2028
      • 8.6.1 North America Crypto Wallets Market, by End-User, 2022 - 2028 (USD Million)
    • 8.4. Europe
      • 8.4.2 Europe Crypto Wallets Market, 2022 - 2028 (USD Million)
        • 8.4.2.1 Europe Crypto Wallets Market, by Country, 2022 - 2028 (USD Million)
    • 8.4 Europe Crypto Wallets Market, by Channel, 2022 - 2028
      • 8.4.1 Europe Crypto Wallets Market, by Channel, 2022 - 2028 (USD Million)
    • 8.5 Europe Crypto Wallets Market, by Type, 2022 - 2028
      • 8.5.1 Europe Crypto Wallets Market, by Type, 2022 - 2028 (USD Million)
    • 8.6 Europe Crypto Wallets Market, by End-User, 2022 - 2028
      • 8.6.1 Europe Crypto Wallets Market, by End-User, 2022 - 2028 (USD Million)
    • 8.5. Asia Pacific
      • 8.5.3 Asia Pacific Crypto Wallets Market, 2022 - 2028 (USD Million)
        • 8.5.3.1 Asia Pacific Crypto Wallets Market, by Country, 2022 - 2028 (USD Million)
    • 8.4 Asia Pacific Crypto Wallets Market, by Channel, 2022 - 2028
      • 8.4.1 Asia Pacific Crypto Wallets Market, by Channel, 2022 - 2028 (USD Million)
    • 8.5 Asia Pacific Crypto Wallets Market, by Type, 2022 - 2028
      • 8.5.1 Asia Pacific Crypto Wallets Market, by Type, 2022 - 2028 (USD Million)
    • 8.6 Asia Pacific Crypto Wallets Market, by End-User, 2022 - 2028
      • 8.6.1 Asia Pacific Crypto Wallets Market, by End-User, 2022 - 2028 (USD Million)
    • 8.6. Latin America
      • 8.6.4 Latin America Crypto Wallets Market, 2022 - 2028 (USD Million)
        • 8.6.4.1 Latin America Crypto Wallets Market, by Country, 2022 - 2028 (USD Million)
    • 8.4 Latin America Crypto Wallets Market, by Channel, 2022 - 2028
      • 8.4.1 Latin America Crypto Wallets Market, by Channel, 2022 - 2028 (USD Million)
    • 8.5 Latin America Crypto Wallets Market, by Type, 2022 - 2028
      • 8.5.1 Latin America Crypto Wallets Market, by Type, 2022 - 2028 (USD Million)
    • 8.6 Latin America Crypto Wallets Market, by End-User, 2022 - 2028
      • 8.6.1 Latin America Crypto Wallets Market, by End-User, 2022 - 2028 (USD Million)
    • 8.7. The Middle-East and Africa
      • 8.7.5 The Middle-East and Africa Crypto Wallets Market, 2022 - 2028 (USD Million)
        • 8.7.5.1 The Middle-East and Africa Crypto Wallets Market, by Country, 2022 - 2028 (USD Million)
    • 8.4 The Middle-East and Africa Crypto Wallets Market, by Channel, 2022 - 2028
      • 8.4.1 The Middle-East and Africa Crypto Wallets Market, by Channel, 2022 - 2028 (USD Million)
    • 8.5 The Middle-East and Africa Crypto Wallets Market, by Type, 2022 - 2028
      • 8.5.1 The Middle-East and Africa Crypto Wallets Market, by Type, 2022 - 2028 (USD Million)
    • 8.6 The Middle-East and Africa Crypto Wallets Market, by End-User, 2022 - 2028
      • 8.6.1 The Middle-East and Africa Crypto Wallets Market, by End-User, 2022 - 2028 (USD Million)
  • Chapter 9. Company Profiles
    • 9.1 ELLIPAL Limited
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 CoolBitX Technology Ltd.
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 BitLox
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 ShapeShift
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Sugi (zSofitto NV)
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 OPOLO SARL
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Satoshi Labs SRO
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Ledger SAS
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Shift Crypto AG
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Crypto Wallets Market, 2022 - 2028 (USD Million)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Crypto Wallets Market attractiveness, By Channel
  • 6. Global Crypto Wallets Market attractiveness, By Type
  • 7. Global Crypto Wallets Market attractiveness, By End-User
  • 8. Global Crypto Wallets Market share by Channel, 2022 and 2028 (USD Million)
  • 9. Global Crypto Wallets Market by Online, 2022 - 2028 (USD Million)
  • 10. Global Crypto Wallets Market by Offline, 2022 - 2028 (USD Million)
  • 11. Global Crypto Wallets Market share by Type, 2022 and 2028 (USD Million)
  • 12. Global Crypto Wallets Market by Cold Wallet, 2022 - 2028 (USD Million)
  • 13. Global Crypto Wallets Market by Hot Wallet, 2022 - 2028 (USD Million)
  • 14. Global Crypto Wallets Market share by End-User, 2022 and 2028 (USD Million)
  • 15. Global Crypto Wallets Market by Individual, 2022 - 2028 (USD Million)
  • 16. Global Crypto Wallets Market by Commercial, 2022 - 2028 (USD Million)
  • 17. Global Crypto Wallets Market share, by Region, 2022 and 2028
  • 18. North America Crypto Wallets Market, 2022 - 2028 (USD Million)
  • 19. Europe Crypto Wallets Market, 2022 - 2028 (USD Million)
  • 20. Asia Pacific Crypto Wallets Market, 2022 - 2028 (USD Million)
  • 21. Latin America Crypto Wallets Market, 2022 - 2028 (USD Million)
  • 22. The Middle-East and Africa Crypto Wallets Market, 2022 - 2028 (USD Million)

Table Of Tables

  • 1. Global Crypto Wallets Market: Snapshot
  • 2. Drivers of the Crypto Wallets Market: impact analysis
  • 3. North America Crypto Wallets Market revenue, By Channel, 2022 - 2028 (USD Million)
  • 4. North America Crypto Wallets Market revenue, By Type, 2022 - 2028 (USD Million)
  • 5. North America Crypto Wallets Market revenue, By End-User, 2022 - 2028 (USD Million)
  • 6. U.S. Crypto Wallets Market revenue, By Channel, 2022 - 2028 (USD Million)
  • 7. U.S. Crypto Wallets Market revenue, By Type, 2022 - 2028 (USD Million)
  • 8. U.S. Crypto Wallets Market revenue, By End-User, 2022 - 2028 (USD Million)
  • 9. Canada Crypto Wallets Market revenue, By Channel, 2022 - 2028 (USD Million)
  • 10. Canada Crypto Wallets Market revenue, By Type, 2022 - 2028 (USD Million)
  • 11. Canada Crypto Wallets Market revenue, By End-User, 2022 - 2028 (USD Million)
  • 12. Europe Crypto Wallets Market revenue, By Channel, 2022 - 2028 (USD Million)
  • 13. Europe Crypto Wallets Market revenue, By Type, 2022 - 2028 (USD Million)
  • 14. Europe Crypto Wallets Market revenue, By End-User, 2022 - 2028 (USD Million)
  • 15. Germany Crypto Wallets Market revenue, By Channel, 2022 - 2028 (USD Million)
  • 16. Germany Crypto Wallets Market revenue, By Type, 2022 - 2028 (USD Million)
  • 17. Germany Crypto Wallets Market revenue, By End-User, 2022 - 2028 (USD Million)
  • 18. France Crypto Wallets Market revenue, By Channel, 2022 - 2028 (USD Million)
  • 19. France Crypto Wallets Market revenue, By Type, 2022 - 2028 (USD Million)
  • 20. France Crypto Wallets Market revenue, By End-User, 2022 - 2028 (USD Million)
  • 21. U.K. Crypto Wallets Market revenue, By Channel, 2022 - 2028 (USD Million)
  • 22. U.K. Crypto Wallets Market revenue, By Type, 2022 - 2028 (USD Million)
  • 23. U.K. Crypto Wallets Market revenue, By End-User, 2022 - 2028 (USD Million)
  • 24. Italy Crypto Wallets Market revenue, By Channel, 2022 - 2028 (USD Million)
  • 25. Italy Crypto Wallets Market revenue, By Type, 2022 - 2028 (USD Million)
  • 26. Italy Crypto Wallets Market revenue, By End-User, 2022 - 2028 (USD Million)
  • 27. Spain Crypto Wallets Market revenue, By Channel, 2022 - 2028 (USD Million)
  • 28. Spain Crypto Wallets Market revenue, By Type, 2022 - 2028 (USD Million)
  • 29. Spain Crypto Wallets Market revenue, By End-User, 2022 - 2028 (USD Million)
  • 30. Rest of Europe Crypto Wallets Market revenue, By Channel, 2022 - 2028 (USD Million)
  • 31. Rest of Europe Crypto Wallets Market revenue, By Type, 2022 - 2028 (USD Million)
  • 32. Rest of Europe Crypto Wallets Market revenue, By End-User, 2022 - 2028 (USD Million)
  • 33. Asia Pacific Crypto Wallets Market revenue, By Channel, 2022 - 2028 (USD Million)
  • 34. Asia Pacific Crypto Wallets Market revenue, By Type, 2022 - 2028 (USD Million)
  • 35. Asia Pacific Crypto Wallets Market revenue, By End-User, 2022 - 2028 (USD Million)
  • 36. China Crypto Wallets Market revenue, By Channel, 2022 - 2028 (USD Million)
  • 37. China Crypto Wallets Market revenue, By Type, 2022 - 2028 (USD Million)
  • 38. China Crypto Wallets Market revenue, By End-User, 2022 - 2028 (USD Million)
  • 39. Japan Crypto Wallets Market revenue, By Channel, 2022 - 2028 (USD Million)
  • 40. Japan Crypto Wallets Market revenue, By Type, 2022 - 2028 (USD Million)
  • 41. Japan Crypto Wallets Market revenue, By End-User, 2022 - 2028 (USD Million)
  • 42. India Crypto Wallets Market revenue, By Channel, 2022 - 2028 (USD Million)
  • 43. India Crypto Wallets Market revenue, By Type, 2022 - 2028 (USD Million)
  • 44. India Crypto Wallets Market revenue, By End-User, 2022 - 2028 (USD Million)
  • 45. South Korea Crypto Wallets Market revenue, By Channel, 2022 - 2028 (USD Million)
  • 46. South Korea Crypto Wallets Market revenue, By Type, 2022 - 2028 (USD Million)
  • 47. South Korea Crypto Wallets Market revenue, By End-User, 2022 - 2028 (USD Million)
  • 48. South-East Asia Crypto Wallets Market revenue, By Channel, 2022 - 2028 (USD Million)
  • 49. South-East Asia Crypto Wallets Market revenue, By Type, 2022 - 2028 (USD Million)
  • 50. South-East Asia Crypto Wallets Market revenue, By End-User, 2022 - 2028 (USD Million)
  • 51. Rest of Asia Pacific Crypto Wallets Market revenue, By Channel, 2022 - 2028 (USD Million)
  • 52. Rest of Asia Pacific Crypto Wallets Market revenue, By Type, 2022 - 2028 (USD Million)
  • 53. Rest of Asia Pacific Crypto Wallets Market revenue, By End-User, 2022 - 2028 (USD Million)
  • 54. Latin America Crypto Wallets Market revenue, By Channel, 2022 - 2028 (USD Million)
  • 55. Latin America Crypto Wallets Market revenue, By Type, 2022 - 2028 (USD Million)
  • 56. Latin America Crypto Wallets Market revenue, By End-User, 2022 - 2028 (USD Million)
  • 57. Brazil Crypto Wallets Market revenue, By Channel, 2022 - 2028 (USD Million)
  • 58. Brazil Crypto Wallets Market revenue, By Type, 2022 - 2028 (USD Million)
  • 59. Brazil Crypto Wallets Market revenue, By End-User, 2022 - 2028 (USD Million)
  • 60. Mexico Crypto Wallets Market revenue, By Channel, 2022 - 2028 (USD Million)
  • 61. Mexico Crypto Wallets Market revenue, By Type, 2022 - 2028 (USD Million)
  • 62. Mexico Crypto Wallets Market revenue, By End-User, 2022 - 2028 (USD Million)
  • 63. Rest of Latin America Crypto Wallets Market revenue, By Channel, 2022 - 2028 (USD Million)
  • 64. Rest of Latin America Crypto Wallets Market revenue, By Type, 2022 - 2028 (USD Million)
  • 65. Rest of Latin America Crypto Wallets Market revenue, By End-User, 2022 - 2028 (USD Million)
  • 66. The Middle-East and Africa Crypto Wallets Market revenue, By Channel, 2022 - 2028 (USD Million)
  • 67. The Middle-East and Africa Crypto Wallets Market revenue, By Type, 2022 - 2028 (USD Million)
  • 68. The Middle-East and Africa Crypto Wallets Market revenue, By End-User, 2022 - 2028 (USD Million)
  • 69. GCC Countries Crypto Wallets Market revenue, By Channel, 2022 - 2028 (USD Million)
  • 70. GCC Countries Crypto Wallets Market revenue, By Type, 2022 - 2028 (USD Million)
  • 71. GCC Countries Crypto Wallets Market revenue, By End-User, 2022 - 2028 (USD Million)
  • 72. South Africa Crypto Wallets Market revenue, By Channel, 2022 - 2028 (USD Million)
  • 73. South Africa Crypto Wallets Market revenue, By Type, 2022 - 2028 (USD Million)
  • 74. South Africa Crypto Wallets Market revenue, By End-User, 2022 - 2028 (USD Million)
  • 75. Rest of Middle-East Africa Crypto Wallets Market revenue, By Channel, 2022 - 2028 (USD Million)
  • 76. Rest of Middle-East Africa Crypto Wallets Market revenue, By Type, 2022 - 2028 (USD Million)
  • 77. Rest of Middle-East Africa Crypto Wallets Market revenue, By End-User, 2022 - 2028 (USD Million)

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FrequentlyAsked Questions

The global crypto wallets market is expected to grow owing to the rising adoption and use of cryptocurrencies across the globe. As per crypto.com, the research agency claimed that as of January 2022, the number of crypto users globally was around 300 million and the count is projected to reach over 1 billion by the end of 2022.

According to Zion Market Research, the global crypto wallets market size was worth around USD 252 million in 2021 and is predicted to grow to around USD 686 million by 2028 with a compound annual growth rate (CAGR) of roughly 24.2% between 2022 and 2028.

The global crypto wallets market is projected to be dominated by North America during the projection period owing to the higher demand for cryptocurrencies and subsequently raising the need for crypto wallets. This can also be attributed to the vast investments that are regularly made in cryptos across regions like Canada and the USA propelling the service providers to upgrade their systems to keep up with the growing user expectations.

The global crypto wallets market is dominated by players like ELLIPAL Limited, CoolBitX Technology Ltd., BitLox, ShapeShift, Sugi (zSofitto NV), OPOLO SARL, Satoshi Labs SRO, Ledger SAS, and Shift Crypto AG

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