Press release
India Cryptocurrency Market to Witness 54.11% CAGR until 2032
IMARC Group's report titled " India Cryptocurrency Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032 ". The India cryptocurrency market size is projected to exhibit a growth rate (CAGR) of 54.11% during 2024-2032.Factors Affecting the Growth of the India Cryptocurrency Industry:
• Increasing Tech-Savvy Population and Digitalization:
The burgeoning tech-savvy youth population in India, combined with a significant increase in digitalization, is a key driver of the cryptocurrency market in the country. India, with its large base of internet users has shown a rapid adoption of digital technologies, particularly among the younger demographic. The widespread use of smartphones and the internet has created fertile ground for the adoption of digital currencies. This trend is further bolstered by the growing awareness and understanding of blockchain technology among Indians, particularly in urban areas. The initiatives by the Government of India toward digitalization, such as Digital India, have also played a crucial role in this shift, making the population more receptive to new forms of digital financial transactions, including cryptocurrencies.
• Remittances and Cross-border Transactions:
The role of cryptocurrencies in facilitating remittances and cross-border transactions has been a significant factor in their popularity in India. India is one of the largest receivers of remittances globally, with a substantial portion of its population working overseas. Traditional methods of sending money back home are often costly and time-consuming. Cryptocurrencies offer a faster, more efficient, and often cheaper alternative for cross-border money transfers. This advantage is particularly appealing to the Indian diaspora who seek more economical and convenient ways to send funds. Additionally, the decentralized nature of cryptocurrencies provides a level of security and transparency that is sometimes lacking in traditional banking systems. As more people become aware of these benefits, the adoption of cryptocurrencies for remittances and international transactions in India is likely to increase.
• Regulatory Environment and Government Initiatives:
The regulatory environment in India has been evolving and plays a critical role in shaping the cryptocurrency market. Initially, there was significant uncertainty and skepticism from the Indian government and the Reserve Bank of India (RBI) regarding cryptocurrencies. However, the Supreme Court's decision in 2020 to overturn the RBI's ban on cryptocurrency banking has led to a renewed interest and investment in this sector. Since then, there has been a gradual, albeit cautious, shift toward acknowledging the potential of cryptocurrencies and blockchain technology. The Government is exploring ways to create a balanced regulatory framework that ensures consumer protection, prevents illegal activities, and fosters innovation in the crypto space. The ongoing developments in regulatory policies are keenly watched by investors and market participants, as they will significantly influence the future trajectory of the cryptocurrency market in India.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/india-cryptocurrency-market/requestsample
India Cryptocurrency Market Report Segmentation:
Type Insights:
• Bitcoin
• Ethereum
• Bitcoin Cash
• Ripple
• Litecoin
• Dashcoin
• Others
Based on the type, the market has been segmented into Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Dashcoin, and others.
Component Insights:
• Hardware
• Software
On the basis of the component, the market has been bifurcated into hardware and software.
Process Insights:
• Mining
• Transaction
Based on the process, the market has been segregated into mining and transaction.
Application Insights:
• Trading
• Remittance
• Payment
• Others
On the basis of the application, the market has been categorized as trading, remittance, payment, and others.
Regional Insights:
• South India
• North India
• West & Central India
• East India
On the regional basis, the market is divided into South, North, West & Central, and East India.
Ask Analyst for Customization: https://www.imarcgroup.com/request?type=report&id=9084&flag=C
India Cryptocurrency Market Trends:
The India cryptocurrency market is witnessing the integration of cryptocurrency with mobile payment platforms and fintech services. Given vast mobile user base in India and the popularity of digital wallets, this integration is poised to enhance the accessibility and usability of cryptocurrencies for everyday transactions. This trend is complemented by the growing interest in decentralized finance (DeFi) applications, which offer alternative financial services, such as lending, borrowing, and insurance, without traditional intermediaries.
Additionally, the Indian market is seeing an increased interest in Non-Fungible Tokens (NFTs), driven by the rich cultural and artistic heritage in the country. NFTs are opening new avenues for artists, musicians, and creators to monetize their work in the digital space. Moreover, there is a rising focus on blockchain technology beyond cryptocurrencies, with several Indian startups and established companies exploring its applications in areas like supply chain management, healthcare, and governance.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Browse More Reports:-
https://www.digitaljournal.com/pr/news/imarc/united-states-electric-bus-market-128616516.html
https://www.digitaljournal.com/pr/news/imarc/norway-aquaculture-market-expanding-cagr-1732024805.html
https://www.digitaljournal.com/pr/news/imarc/indonesia-cybersecurity-market-size-expand-1266669144.html
https://www.digitaljournal.com/pr/news/imarc/united-states-e-invoicing-market-expected-1434740757.html
https://industrytoday.co.uk/it/south-korea-cloud-storage-market-to-expand-at-a-cagr-of-2390-over-2024-2032-imarc-group
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release India Cryptocurrency Market to Witness 54.11% CAGR until 2032 here
News-ID: 3367655 • Views: …
More Releases from IMARC Group

India Seafood Market Outlook 2025-2033: Key Trends, Size, Share and Growth Insig …
As indicated in the latest market research report published by IMARC Group, titled "India Seafood Market Report by Type (Fish, Shrimps, Others), Form (Fresh/Chilled, Frozen/Canned, Processed), Distribution Channel (Off Trade, On Trade), and Region 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market.
Market Size & Future Growth Potential:
The India seafood…

India Mutual Funds Market: Size, Share, Trends, Growth and Industry Outlook 2025 …
Mutual Funds Market in India 2025:
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 2.50 Billion
Market Size in 2033: USD 5.90 Billion
Market Growth Rate (CAGR) 2025-2033: 10.03%
How Big is the India Mutual Funds Industry?
The India mutual funds market size reached USD 2.50 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 5.90 Billion by 2033, exhibiting a growth rate (CAGR) of 10.03% during 2025-2033.
Request…

Dimethyl Ether Market Valuation to Reach USD 15.73 Billion by 2033 - Industry Ex …
Market Overview:
The dimethyl ether market is experiencing significant growth momentum, driven by increasing demand for cleaner fuel alternatives, expanding applications in various industries, and supportive government policies promoting sustainable energy solutions. According to IMARC Group's latest research publication, "Dimethyl Ether Market Size, Share, Trends and Forecast by Raw Material, Application, End-Use Industry, and Region, 2025-2033", the global dimethyl ether market size reached USD 7.22 Billion in 2024. Looking forward, IMARC…

Glucometer Manufacturing Plant Report 2025: Unit Setup, Cost and Requirements, P …
Setting up a glucometer manufacturing plant requires thorough market research alongside a minute understanding of numerous operating factors such as unit processes, purchasing of raw materials, utility supply, infrastructure creation, equipment and technology specifications, human resource planning, logistics, and cash outlay.
IMARC Group's report titled "Glucometer Manufacturing Plant Cost Analysis Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a…
More Releases for India
Ayurvedic Service Market is Flourishing Like Never Before | Patanjali Ayurved Li …
RnM newly added a research report on the Ayurvedic Service market, which represents a study for the period from 2020 to 2026.
The research study provides a near look at the market scenario and dynamics impacting its growth. This report highlights the crucial developments along with other events happening in the market which are marking on the growth and opening doors for future growth in the coming years. Additionally, the…
Pasta Market Report 2019 Companies included Bambino (India), Nestle (USA), Field …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2019 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2019 to 2025, etc. The report also provides detailed segmentation on the…
Pasta Market Report 2018 Companies included Bambino (India), Nestle (USA), Field …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the…
Interior Designers India, Designers and Architects India, Interior Design Consul …
Synergy Corporate Interiors Pvt. Ltd. are offer Designers and Architects India Our architects, designers are working an national and international client base. The final design output is then integrated with the various technical and engineering aspects and taken into production. The expression is also individualistic, based on the communication of the correct corporate identity. Our designers, engineers and architects perform any plan successfully combine handy knowledge with creative ideas into…
Domain Registration India, Web Hosting India, VPS Hosting India , SSL Certificat …
All the Domain Registration services are at affordable price and assure you for the 100% quality.
India Internet offers cheap domain name registration for many domain extensions available. We are a full-service web site solutions provider. We offer a full range of web services including domain registration India, Web Hosting India, Web design, SEO marketing and etc.
We offer different standard and different Windows .NET low-cost, full-featured, all-inclusive web hosting and domain…
Domain Registration India, Web Hosting India, Payment Gateway India
Indiainternet.in is a Quality Web Hosting Company India, provide all web related support and Web hosting services like linux web hosting, windows web hosting, web hosting packages, domain registration in india, Corporate email solution, business email hosting, payment gateway integration, SSL with supports like free php, cgi, asp, free msaccess, free cdonts, free webmail, web based control panel, unlimited ftp access, unlimited data transfer.
During the domain registration process, you will…