Global Cryptocurrency Market Size, Share, Growth, Trends and Forecast To 2025 The Global Cryptocurrency Market was valued at USD 295.26 million in 2016 and is projected to reach USD 3,678.92 million by 2025, growing at a CAGR of 32.35% from 2017 to 2025.
Global Cryptocurrency Market
A cryptocurrency is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions, to control the creation of additional units, and to verify the transfer of assets.
Cryptocurrency transactions are anonymous, untraceable and have created a niche for illegal transactions. Benefits of Cryptocurrency includes access to everyone, immediate settlement, lower fees, no identity theft, fraud prevention, better security, and universal recognition. There are several factors that are driving the global cryptocurrency market which includes its global recognition since cryptocurrency is not bound to any of the interest rates or exchange rates of any of the countries it is accepted as an international means for the transaction. Owing to this factor both time as well as money is saved. While making transactions there are less or literally no chances of fraud. These factors are increasing the demand for the cryptocurrency market. The other factors that are triggering the growth of the market are immutability and transparency of the distributed ledger technology and the lower ownership cost. The latest trend in the cryptocurrency market is that many people are investing on cryptocurrencies especially bitcoins. However trending is the market, but cryptocurrencies are always considered as high-risk investments owing to the fact that the market value of the cryptocurrencies fluctuates drastically. The other factor that may hamper the growth of the market is cryptocurrency transactions are partly unregulated thus there is a risk that in certain jurisdictions cryptocurrency exchange can be outlawed. Market Dynamics:
1. Market Drivers 1.1 Adoption of cryptocurrency across various industries 1.2 Growing opportunities in developing and developed markets 1.3 Rising capital investments 1.4 Increasing remittance in developing countries 1.5 Rising transparency and immutability of the distributed ledger technology 1.6 Changing monetary regulations 2. Market Restraints 2.1 Security, control and privacy concerns 2.2 Complexities related to scalability 2.3 Poor awareness and technical expertise to understand cryptocurrency Market Segmentation: The Global Cryptocurrency Market is segmented on the end-user, component, type, process, and region. 1. End-User: 1.1 Media and Entertainment 1.2 Peer-to-Peer Payment 1.3 E-Commerce and Retail 1.4 Remittance 1.5 Others
2. By Component: 2.1 Software 2.2 Hardware 3. By Type: 3.1 Litecoin 3.2 Bitcoin 3.3 Dashcoin 3.4 Ripple 3.5 Ethereum 3.6 Others 4. By Process: 4.1 Transaction 4.2 Mining 5. By Region: 5.1 North America U.S., Canada, Mexico 5.2 Europe Germany, UK, France, Rest of Europe 5.3 Asia Pacific China, India, Japan, Rest of Asia Pacific 5.4 Latin America Brazil, Argentina, Rest of Latin America 5.5 Middle East & Africa Get FREE | Download Sample Copy of This Report Now with Detailed TOC, Charts & Tables @ https://www.planetmarketreports.com/report-sample/globalcryptocurrency-market-7249
The major players in the market are as follows: 1. Intel 2. Advanced Micro Devices 3. Microsoft 4. Alphapoint Corporation 5. Bitfury Group 6. Nvidia 7. Bitgo 8. Xilinx 9. Coinbase 10. Amazon 11. Ripple Labs 12. BTL Group Blockchain Tech These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market. Research Methodology of Planet Market Reports Research study on the Global Cryptocurrency Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review. The market data was analyzed and forecasted using market statistical and coherent models. Also, market shares and key trends were taken into
consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the Research Methodology of Planet Market Reports and other aspects of the research study, kindly get in touch with our sales team Get Full Reports Access – https://www.planetmarketreports.com/reports/global-cryptocurrencymarket-7249 Cryptocurrency Market Report Summary: In the first section, the Global Cryptocurrency Market report presents industry overview, definition, and scope. The second part briefs about the Global Cryptocurrency industry bifurcation by Type, Application and Geographical regions. The top industry players, revenue analysis, and sales margin are explained. The production and consumption scenario is specified. The SWOT analysis by players, the growth rate for each type, application, and the region is covered. A 5-year forecast Global Cryptocurrency industry perspective will lead to profitable business plans and informed moves. Towards, the end data sources, research methodology, and findings are offered. Geographic Analysis
Further breakdown of the North American data-wrangling Market Further breakdown of the European Market Further breakdown of the APAC Market Further breakdown of the MEA Market Further breakdown of the Latin American Market Please note that owing to the criticality of the Cryptocurrency Market and rapidly changing market attributes, we are in the middle of updating the report. The final report may require 2 to 3 working days post-confirmation in order to cater to the most recent updates. About Us: Planet Market Reports give statistical surveying reports to businesses, people and associations with a goal of helping them in their decisionmaking process. We have a huge database of market research reports & company profiles across the globe. We associated with global market research a publisher that has a wide range of research specialists & industry experts which provides you deeper penetration of the market research industry. We have statistical surveying reports from a number of top publishers and update our reports collections on a daily basis with the most recent research data to furnish our customers with the moment online access to our database. With access to this database, our customers will be able to benefit from expert insights on worldwide businesses, items, and market patterns.
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