Market Research Report
Cryptocurrency Market - Global Scenario, Market Size, Outlook, Trend and Forecast, 2016 - 2025
|Published by||Variant Market Research LLP||Product code||653490|
|Published||Content info||101 Pages
Delivery time: 2-3 business days
|Cryptocurrency Market - Global Scenario, Market Size, Outlook, Trend and Forecast, 2016 - 2025|
|Published: June 9, 2018||Content info: 101 Pages||
Global Cryptocurrency Market is estimated to reach $6,428.0 Million by 2025; growing at a CAGR of 36.5% from 2017 to 2025. Cryptocurrency can be subtly defined as digital currency that is independent of any centralized bank. It is an encrypted code that can be transferred digitally using devices such as smartphones. Transactions using this currency are easy and secure unlike cash purchases and traditional card, and do not need repetitive authentication. It is a means of exchange using cryptography to safe the transactions and to control the formation of new units. It introduced an entirely new set of businesses, jobs and vocabulary to the world of payments. Cryptocurrencies may revolutionize digital trade markets by generating a free-flowing trading system without fees. The necessity for individuals and companies to pay tax receipts in government-issued currency, and the potentially unlimited crypto-money supply, pose important barriers to widespread adoption.
The factors propelling the growth of the global cryptocurrency market are highly secure compared to other transactions, growing remittance in developing countries, and easier transfer funds between two parties in a transaction. In addition, less time required to complete the process, and minimal/negligible processing fee for transaction are also supporting the market growth. Though, uncertain regulatory status, and lack of awareness among users and concern with the rate at which a cryptocurrency are the restraints of the market. Moreover, significant growth opportunities in emerging and developed markets, and adoption of bitcoin as a cryptocurrency would generate profitable opportunities for the global packaging robots market.
The bifurcations of the global cryptocurrency market are component, type, end user, and geography. By component, the market is categorized into hardware and software. Moreover, hardware is sub segmented into ASIC, GPU, FPGA, wallet, other hardware's, and software is sub segmented into blockchain, coin wallet, mining platform, and exchange. Type segment is classified into bitcoin, ripple (XRP), Ethereum, dash coin, Litecoin, and other software's. Furthermore, end user segment comprises peer-to-peer payment, e-commerce and retail, remittance, media and entertainment, and other end users.
The country wise analysis has been also covered under the scope of the report. North America covers the U.S., Canada, and Mexico. UK, Germany, France, Netherlands, and Rest of Europe are analyzed under the European market. China, Japan, Singapore, South Korea, and Rest of Asia-Pacific are included under the Asia-Pacific market. While RoW is bifurcated into South America, Middle East, and Africa.
Key players profiled in the global market include Bitcoin Project, Ripple, Ethereum Foundation, The Monero Project, Litecoin Project, Zerocoin, Tether, Factom, Steemit Inc., and Electric Coin Company, among others.
End User Segments