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インドの暗号通貨市場の評価:タイプ別、コンポーネント別、プロセス別、エンドユーザー別、地域別、機会、予測(2018年度~2032年度)

India Cryptocurrency Market Assessment, By Type, By Component, By Process, By End-user, By Region, Opportunities and Forecast, FY2018-FY2032F

出版日: | 発行: Market Xcel - Markets and Data | ページ情報: 英文 138 Pages | 納期: 3~5営業日

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価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=158.31円
インドの暗号通貨市場の評価:タイプ別、コンポーネント別、プロセス別、エンドユーザー別、地域別、機会、予測(2018年度~2032年度)
出版日: 2024年05月17日
発行: Market Xcel - Markets and Data
ページ情報: 英文 138 Pages
納期: 3~5営業日
  • 全表示
  • 概要
  • 図表
  • 目次
概要

インドの暗号通貨の市場規模は、2024年度の3億168万米ドルから2032年度までに5億3,286万米ドルに達すると予測され、予測期間の2025年度~2032年度にCAGRで7.37%の成長が見込まれます。分散型台帳技術の採用の増加、国境を越えた送金における暗号通貨の利用の増加、デジタル資産の採用の増加、技術革新、人々の意識の高まり、金融決済システムにおける透明性へのニーズの高まり、時価総額の向上などが、国内における暗号通貨市場の成長要因となっています。

暗号通貨(仮想通貨)はデジタル上に存在し、ブロックチェーンなどの分散型台帳技術を利用して取引の検証と安全性を確保します。取引を検証するために銀行に頼るのではなく、ピアツーピアのシステムであるため、ユーザーは世界中のどこからでも決済を送受信できます。さまざまな種類の暗号通貨が存在し、それぞれに独自のルールがあります。暗号通貨を管理する規制機関が存在しないため、暗号通貨は非中央集権的であり、暗号の売買、スワップ、保管に使用されます。

暗号通貨の価格は、政府の政策、経済状況、メディアの報道、その他の多くの要因によって変動します。銀行は暗号通貨プラットフォームへの投資を開始し、ブロックチェーンベースのシステムを立ち上げています。インドには1,900万人以上の暗号通貨投資家がおり、その75%は18歳~35歳の若者層に属しています。ブロックチェーン技術とデジタル通貨の利点により、企業は他の企業と協力し、ユーザーに質の高いサービスを提供するために暗号通貨に投資しています。

デジタル資産の普及が市場成長を後押し

暗号通貨市場は、デジタル資産の採用が増加していることを明らかにしています。より多くの個人や企業が、安全で効率的な取引やインフレヘッジに向けた暗号通貨の可能性を認識し、その利用が拡大しています。金融機関も暗号通貨サービスを取り入れる動きを強めており、市場の信頼性を高めています。その幅広い受容はビットコインやイーサリアムにとどまらず、多様な投資機会を提供するさまざまなアルトコインやトークンにも及んでいます。暗号通貨の非中央集権的な特徴は、従来の金融システムと比較して、取引コストの削減や、特に銀行へのアクセスが限られている地域で金融サービスを高度に利用できるといった利点をもたらします。Forbesによると、2024年度の1月~2月に、デジタル資産は80%増加しました。過去3ヵ月間の取引総額は100%増加しました。市場動向と分析に基づき、現金のような銀行預金の代わりにデジタル通貨を交換するシステムであるため、銀行間決済は必要ありません。暗号市場でより多くのリターンを得る能力は、ポートフォリオにアルファを求める機関投資家にとって魅力的です。機関投資家の採用は、暗号通貨市場に安定性、流動性、受容性をもたらします。

金融の透明性が市場拡大を後押し

金融決済システムの運用効率と透明性に対するニーズの高まりが、暗号通貨市場の成長を促進しています。デジタル通貨は、複数の事業体が過去の取引のコピーを保管できるブロックチェーン技術を利用して作成されています。ブロックチェーンは、取引の安全性を確保するために暗号技術を採用しており、敵対的な行為者がシステムに侵入することを困難にしています。このハイエンドの安全性により、投資家や企業が暗号通貨市場に参加するようになり、その全体的な流動性、安定性、信頼性が高まっています。Global Crypto Adoption Index 2023によると、インドは154ヶ国中、消費者による日常生活への草の根暗号採用で第1位を占めました。伝統的な金融システムでは、しばしば仲介業者が介在し、決済プロセスに時間がかかるため、高い手数料と遅延が発生していました。ブロックチェーンは仲介者の役割を排除し、消費者は取引を一時停止し、元帳に記録する権限を持っています。リアルタイムかつ低コストの国際取引が可能になり、グローバル企業や個人にとっては特に有望です。

当レポートでは、インドの暗号通貨市場について調査分析し、市場規模と予測、市場力学、主要企業の情勢と見通しなどを提供しています。

目次

第1章 調査手法

第2章 プロジェクトの範囲と定義

第3章 エグゼクティブサマリー

第4章 顧客の声

  • 人口統計(年齢/コホート分析 - ベビーブーマー世代とX世代、ミレニアル世代、Z世代、性別、所得 - 低所得、中所得、高所得、地域、国籍など)
  • 市場の認知度と製品情報
  • ブランド認知度とロイヤルティ
  • 購入決定において考慮される要素
  • 暗号通貨を使用する目的

第5章 インドの暗号通貨市場の見通し(2018年度~2032年度)

  • 市場規模と予測
    • 金額
  • タイプ別
    • ビットコイン
    • イーサリアム
    • テザー
    • リップル
    • その他
  • コンポーネント別
    • ハードウェア
    • ソフトウェア
  • プロセス別
    • マイニング
    • トランザクション
  • エンドユーザー別
    • 取引
    • 小売、eコマース
    • 銀行業
    • 政府
    • その他
  • 地域別
    • 北部
    • 南部
    • 東部
    • 西部、中央部
  • 市場シェア:企業別(2024年度)

第6章 市場マッピング(2024年度)

  • タイプ別
  • コンポーネント別
  • プロセス別
  • エンドユーザー別
  • 地域別

第7章 マクロ環境と産業構造

  • 需給分析
  • バリューチェーン分析
  • PESTEL分析
  • ポーターのファイブフォース分析

第8章 市場力学

  • 成長促進要因
  • 成長抑制要因(課題、抑制要因)

第9章 主要企業の情勢

  • マーケットリーダー上位5社の競合マトリクス
  • マーケットリーダー上位5社の市場収益分析(2024年度)
  • 合併と買収/合弁事業(該当する場合)
  • SWOT分析(市場企業5社)
  • 特許分析(該当する場合)

第10章 ケーススタディ

第11章 口座開設手数料の価格設定の分析

第12章 主要企業の見通し

  • iBlock Technologies Private Limited
  • WazirX
  • Primestack Private Limited
  • Hyperlink Infosystem Private Limited
  • Unocoin Technologies Private Limited
  • Krypc Technologies Private Limited
  • Antier Solutions Private Limited
  • Monkhub Innovations Private Limited
  • Systango Technologies Limited
  • Bitdeal

第13章 戦略的推奨

第14章 当社について、免責事項

図表

List of Tables

  • Table 1. Pricing Analysis of Products from Key Players
  • Table 2. Competition Matrix of Top 5 Market Leaders
  • Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
  • Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

  • Figure 1.India Cryptocurrency Market, By Value, In USD Million, FY2018-FY2032F
  • Figure 2.India Cryptocurrency Market Share (%), By Type, FY2018-FY2032F
  • Figure 3.India Cryptocurrency Market Share (%), By Component, FY2018-FY2032F
  • Figure 4.India Cryptocurrency Market Share (%), By Process, FY2018-FY2032F
  • Figure 5.India Cryptocurrency Market Share (%), By End-user Industry, FY2018-FY2032F
  • Figure 6.India Cryptocurrency Market Share (%), By Region, FY2018-FY2032F
  • Figure 7.By Type Map-Market Size (USD Million) & Growth Rate (%), FY2024
  • Figure 8.By Component Map-Market Size (USD Million) & Growth Rate (%), FY2024
  • Figure 9.By Process Map-Market Size (USD Million) & Growth Rate (%), FY2024
  • Figure 10.By End-user Industry Map-Market Size (USD Million) & Growth Rate (%), FY2024
  • Figure 11.By Region Map-Market Size (USD Million) & Growth Rate (%), FY2024
目次
Product Code: MX11328

India Cryptocurrency market is projected to witness a CAGR of 7.37% during the forecast period FY2025-FY2032, growing from USD 301.68 million in FY2024 to USD 532.86 million in FY2032. 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, rise in the need for transparency in the financial payments systems, and improved market capitalization are some of the factors that have led to the growth of cryptocurrency market in the country.

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 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 there is no regulatory body governing them, and they 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. India has over 19 million cryptocurrency investors, 75% of whom belong to the youth demographic aged between 18 and 35. 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 Growth

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 are growingly incorporating crypto services, incorporating credibility into the market. Its broader acceptance is not limited to Bitcoin and Ethereum, but it extends to a variety of altcoins and tokens that offer diverse investment opportunities. Decentralized feature of cryptocurrencies provides 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 in FY2024. 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 like 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 cryptocurrency market. Digital currencies are being created using Blockchain technology which allows 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. The high-end security has drawn investors and institutions to participate in the cryptocurrency market, increasing its overall liquidity, stability, and credibility. According to Global Crypto Adoption Index 2023, India bagged the first position amongst 154 nations in grassroots crypto adoption by consumers for daily life. Traditional financial systems often involved intermediaries and lengthy settlement processes, causing high fees and delays. Blockchain eliminates the middlemen role and consumers have the authority to 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.

Northern Region of the Country to Dominate the Market Share

The market is dominated by the North, owing to the country's acceptance of cryptocurrency and the increase in the number of 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.

South is emerging at a faster pace in India cryptocurrency market. The region is witnessing high investments in companies developing blockchain technology and innovative solutions for cryptocurrency mining systems that have higher hash rates and reliable power efficiency.

Hardware Dominates the Market

The hardware segment dominated the market. It embraces the physical components and devices used in cryptocurrency transactions and mining, which includes cryptocurrency wallets, which store digital assets securely. Various hardware types are prevalent with distinct features and utilities. Application-Specified Integrated Circuits (APICs) specializes in mining specific cryptocurrencies such as Bitcoin or Ethereum efficiently, while Graphic Processing Units (GPUs) offer versatility with lower efficiency. Understanding these hardware segments aids businesses in approaching customers effectively. The hardware segment is vital to 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 most powerful and efficient ASIC miners in the market with a power efficiency of 28 J/TH. Software is a fast-growing segment, encompassing a wide range of applications, tools, and platforms that enable the creation and exchange of digital assets.

Bitcoin is Highly Adopted in the Market

Bitcoin has emerged as an extraordinary performer in FYF2023, overshadowing traditional assets. Boasting a 154.37% rise in 2023 it has contributed $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 the volume of Bitcoin trade during the forecast period in the country. 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 in the country driven by its fundamental role in the blockchain revolution, technical expertise, and a macroeconomic environment advanced 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 (FY2025 - FY2032F)

According to the Mudrex survey, 45% of users are with retirement plans investing in cryptocurrencies. This interesting 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.

India has emerged as the fastest-growing adopter of cryptocurrency investments in FY2024, as on-chain value received by Indians reached USD 270 billion in FY2024, up 60% year-on-year. These statistics show that the future of the cryptocurrency market has 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

India 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, 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 founder Nischal Shetty launched their new venture, Pi42, in February 2024. Pi42 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-India and is currently providing 5 tokens. Retail investors can now access the cryptocurrency market with leverage up to 20 times with no expiry dates.

Table of Contents

1.Research Methodology

2.Project Scope & Definitions

3.Executive Summary

4.Voice of Customer

  • 4.1.Demographics (Age/Cohort Analysis - Baby Boomers and GenX, Millennials, Gen Z; Gender; Income - Low, Mid and High; Geography; Nationality; etc.)
  • 4.2.Market Awareness and Product Information
  • 4.3.Brand Awareness and Loyalty
  • 4.4.Factors Considered in Purchase Decision
    • 4.4.1.Type of Cryptocurrency
    • 4.4.2.Minimum Investment
    • 4.4.3.Trading Platform
    • 4.4.4.Account Opening Fees
    • 4.4.5.Portfolio Goals
    • 4.4.6.Risk and Return
    • 4.4.7.Promotional Offers & Discounts
  • 4.5.Purpose of Using Cryptocurrency

5.India Cryptocurrency Market Outlook, FY2018-FY2032F

  • 5.1.Market Size & Forecast
    • 5.1.1.By Value
  • 5.2.By Type
    • 5.2.1.Bitcoin
    • 5.2.2.Ethereum
    • 5.2.3.Tether
    • 5.2.4.Ripple
    • 5.2.5.Others
  • 5.3.By Component
    • 5.3.1.Hardware
      • 5.3.1.1.Central Processing Unit
      • 5.3.1.2.Graphics Processing Unit
      • 5.3.1.3.Application-Specific Integrated Circuit
      • 5.3.1.4.Field Programmable Gate Array
    • 5.3.2.Software
      • 5.3.2.1.Mining Software
      • 5.3.2.2.Exchange Software
      • 5.3.2.3.Wallet
      • 5.3.2.4.Payment
      • 5.3.2.5.Others
  • 5.4.By Process
    • 5.4.1.Mining
    • 5.4.2.Transaction
  • 5.5.By End-user
    • 5.5.1.Trading
    • 5.5.2.Retail and E-Commerce
    • 5.5.3.Banking
    • 5.5.4.Government
    • 5.5.5.Others
  • 5.6.By Region
    • 5.6.1.North
    • 5.6.2.South
    • 5.6.3.East
    • 5.6.4.West and Central
  • 5.7.By Company Market Share (%), FY2024

6.Market Mapping, FY2024

  • 6.1.By Type
  • 6.2.By Component
  • 6.3.By Process
  • 6.4.By End-user
  • 6.5.By Region

7.Macro Environment and Industry Structure

  • 7.1.Supply Demand Analysis
  • 7.2.Value Chain Analysis
  • 7.3.PESTEL Analysis
    • 7.3.1.Political Factors
    • 7.3.2.Economic System
    • 7.3.3.Social Implications
    • 7.3.4.Technological Advancements
    • 7.3.5.Environmental Impacts
    • 7.3.6.Legal Compliances and Regulatory Policies (Statutory Bodies Included)
  • 7.4.Porter's Five Forces Analysis
    • 7.4.1.Supplier Power
    • 7.4.2.Buyer Power
    • 7.4.3.Substitution Threat
    • 7.4.4.Threat from New Entrant
    • 7.4.5.Competitive Rivalry

8.Market Dynamics

  • 8.1.Growth Drivers
  • 8.2.Growth Inhibitors (Challenges and Restraints)

9.Key Players Landscape

  • 9.1.Competition Matrix of Top Five Market Leaders
  • 9.2.Market Revenue Analysis of Top Five Market Leaders (in %, FY2024)
  • 9.3.Mergers and Acquisitions/Joint Ventures (If Applicable)
  • 9.4.SWOT Analysis (For Five Market Players)
  • 9.5.Patent Analysis (If Applicable)

10.Case Studies

11.Account Opening Fees Pricing Analysis

12.Key Players Outlook

  • 12.1.iBlock Technologies Private Limited
    • 12.1.1.Company Details
    • 12.1.2.Key Management Personnel
    • 12.1.3.Products & Services
    • 12.1.4.Financials (As reported)
    • 12.1.5.Key Market Focus & Geographical Presence
    • 12.1.6.Recent Developments
  • 12.2.WazirX
  • 12.3.Primestack Private Limited
  • 12.4.Hyperlink Infosystem Private Limited
  • 12.5.Unocoin Technologies Private Limited
  • 12.6.Krypc Technologies Private Limited
  • 12.7.Antier Solutions Private Limited
  • 12.8.Monkhub Innovations Private Limited
  • 12.9.Systango Technologies Limited
  • 12.10.Bitdeal

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work

13.Strategic Recommendations

14.About Us & Disclaimer