Crypto Wallet Business Plan

IV. Customer Analysis

4.1 Target Market

As a standard and licensed blockchain platform and crypto wallet company, it will offer a wide range of services to the following clients: 

  • Financial service providers
  • Businesses that adopt smart contracts
  • Businesses that make use of cryptocurrencies
  • Video game production companies (specific token standards have been created to support the use of blockchain in gaming)
Crypto traders-
  • The number of individuals utilizing cryptocurrencies globally has surpassed 300 million. 4
  • 13% of Americans bought or traded cryptocurrency in the year 2020. 5
  • By comparison, 24% of Americans invested in stocks by 2020. 6
Financial Service Providers in the US-
  • The US had 995,127 financial and insurance companies by 2022, representing 0.2 percent growth. Over the next five years, the rate will increase by 5%. 7
Businesses Accepting Bitcoin in the US-
  • More than 2,300 US businesses accept Bitcoin. 8
Video Game Production Companies in the US-
  • In the United States, approximately 18,500 companies were involved in developing video game software, and 1,530 firms were engaged in video game publishing as of 2021.9

4.2 TAM, SAM, and SOM

TAM $xx trillion
The global market for cryptocurrency wallets is projected to reach a revised size of $xxx billion by 2026.

SAM $xx billion
[Target Location Market]’s cryptocurrency wallet market by 2026.

SOM $xx billion
[Company Name] would be able to capture a respectable share of the serviceable available market by the end of the year 2026.  

4.https://triple-a.io/crypto-ownership/
5.https://www.cnbc.com/2021/07/23/13percent-of-americans-traded-crypto-in-the-past-year-survey-finds.html
6.https://www.cnbc.com/2021/07/23/13percent-of-americans-traded-crypto-in-the-past-year-survey-finds.html
7.https://www.ictsd.org/how-many-financial-services-companies-in-the-us/
8.https://www2.deloitte.com/us/en/pages/audit/articles/corporates-using-crypto.html
9.https://www.statista.com/topics/8790/video-game-industry-in-the-united-states/#dossierKeyfigures
Strategic Business Plans