Cryptocurrency Market Size, Share & Industry Forecast Report, 2020-2027

Global Cryptocurrency Market:

Growth opportunities in the global cryptocurrency market look promising over the next six years. This is mainly due to the increasing adoption of cryptocurrency for payments and various other options at the global level, along with the rising research & development activities and continuous technological advancements for the development of cryptocurrency.

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Global Cryptocurrency Industry Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The major factors that are responsible for the growth of the global cryptocurrency market include the accelerating adoption of cryptocurrency for payments and other options around the world. Numerous R&D activities, along with the continuous technological advancements for the development of cryptocurrency, which include the introduction of blockchain technology, is leading to the enhancement in cryptocurrency. Furthermore, differences in the monetary regulations, the rising number of cross-border payments followed by the increasing penetration of the internet are further surging the growth of the cryptocurrency market size.

There has been an increase in the application of cryptocurrency as it offers various benefits such as facilitates international trade, improves adaptability, more confidential transactions, decreases transaction fees, along instant payments. This will further contribute to the growth of the market during the forecast period. The outbreak of the COVID-19 pandemic has positively impacted market growth. Moreover, the rising focus on utilizing digital currencies, crypto assets, and other blockchain technologies is another factor that is driving the market growth. On the other hand, the growing concerns regarding privacy, security & control, along with the lack of technical understanding related to the cryptocurrency, are the two major factors that are hampering the market growth.

Type Segment Drivers

On the basis of the type, the bitcoin is anticipated to witness a faster CAGR over the forecast period. This is mainly attributed to the increasing adoption of bitcoin in various economies due to its improved versatility. There are numerous benefits related to the usage of bitcoin, such as user’s autonomy, peer-to-peer focus, discretion, and decreases banking fees and low transaction fees for international payments. All these factors are further increasing the demand of the cryptocurrency market.

Application Segment Drivers

On the basis of application, payment is projected to grow at a higher CAGR during the forecast period. The rising number of payments via cryptocurrency as if offers numerous benefits such as improved protection from fraud, secured transactions, and improved speed of international transfers.

Global Cryptocurrency Market’s leading Manufacturers:

  • Xilinx
  • BitMain Technologies Holding Company
  • Quantstamp, Inc.
  • Advanced Micro Devices, Inc.
  • Intel Corporation
  • Bitfury Group Limited
  • Ripple
  • BitGo
  • Coinbase
  • Ethereum Foundation

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Global Cryptocurrency Market Segmentation:

Segmentation by Offering:

  • Hardware
    • Gpu
    • Asic
    • FPGA
    • Wallet
  • Software
    • Coin Wallet
    • Mining Platform
    • Exchange

Segmentation by Process:

  • Transaction
    • Wallet
    • Exchange
  • Mining
    • Pool Mining
    • Solo Mining
    • Cloud Mining

Segmentation by Type:

  • Etgereum (ETH)
  • Bitcoin
  • Ripple (XRP)
  • Bitcoin Cash
  • Litecoin (LTC)
  • Dashcoin
  • Others

Segmentation by Application:

  • Remittance
  • Trading
  • Payment
    • Ecommerce & Retail
    • Peer-To-Peer Payment,
    • Travel & Tourism
    • Media & Entertainment
    • Others

Segmentation by Region:

  • North America
    • United States of America
    • Canada

 

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)

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GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company’s large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird’s eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

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Cryptocurrency Market Research Report | Industry Analysis based on Market Size, Growth, Insights, Trends, Opportunities & Global Forecast, 2020-2027

Global Cryptocurrency Market

The GMI Research forecasts that the cryptocurrency market is witnessing an upsurge in demand over the forecast period starting from 2020 till 2027. This is mainly due to the changes in the monetary regulations, a growing number of cross-border payments, followed by the increasing penetration of the internet.

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Introduction of the Cryptocurrency Market:

A digital or virtual currency is called cryptocurrency. It is verified and secured by cryptography, which makes it impossible to counterfeit or double spend. Cryptocurrency is a type of digital asset with a major function to work as a medium of exchange value among the peer-to-peer economic system. The majority of the cryptocurrencies are not controlled by any form of central authority. It is mostly decentralized by a distributed network of computers present worldwide and are known as nodes. This form of currency can be sent directly among the two parties using private and public keys.

Cryptocurrency Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

The primary factors contributing to the growth of the global cryptocurrency market include the growing adoption of cryptocurrency for payments and other options across various developed and developing countries. Moreover, various R&D activities, and several technological advancements for the development of cryptocurrency, including the implementation of blockchain technology, further lead to the development in the cryptocurrency. As per cryptocurrency market analysis, changes in the monetary regulations, the growing number of cross-border payments, followed by increasing penetration of the internet are some other factors fuelling the growth of the global cryptocurrency market across the world.

The factors enhancing the demand of the market include growing acceptance of cryptocurrency across various application areas and the remarkable advantages of cryptocurrency, including more confidential transactions, improved adaptability, and easier international trade, decreased transaction fees, coupled with instant payments. The outbreak of the coronavirus crisis will further fuel the demand of the market. The rising focus on using crypto assets, digital currencies, and other blockchain technologies is the key factor in boosting the market demand. According to cryptocurrency market research report, the increasing emphasis on maintaining social distance, consumers choose contactless payments instead of physical cash. All these factors are accelerating the demand of the market. On the other hand, the increasing concerns regarding privacy, security & control, and limited technical understanding regarding the cryptocurrency are the factors hindering the growth of the global cryptocurrency market.

Key Players of the Global Cryptocurrency Market:

  • Xilinx
  • BitMain Technologies Holding Company
  • Quantstamp, Inc.
  • Advanced Micro Devices, Inc.
  • Intel Corporation
  • Bitfury Group Limited
  • Ripple
  • BitGo
  • Coinbase
  • Ethereum Foundation

Cryptocurrency Market Segmentation:

Segmentation by Offering:
  • Hardware
    • Gpu
    • Asic
    • FPGA
    • Wallet
  • Software
    • Coin Wallet
    • Mining Platform
    • Exchange
Segmentation by Process:
  • Transaction
    • Wallet
    • Exchange
  • Mining
    • Pool Mining
    • Solo Mining
    • Cloud Mining
Segmentation by Type:
  • Etgereum (ETH)
  • Bitcoin
  • Ripple (XRP)
  • Bitcoin Cash
  • Litecoin (LTC)
  • Dashcoin
  • Others
Segmentation by Application:
  • Remittance
  • Trading
  • Payment
    • Ecommerce & Retail
    • Peer-To-Peer Payment,
    • Travel & Tourism
    • Media & Entertainment
    • Others
Segmentation by Region:
  • North America
    • United States of America
    • Canada

 

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

Cryptocurrency Market 2020 Strategic Assessment – ZEB IT Service, Coinsecure, Coinbase, Bitstamp, Litecoin, Poloniex

Cryptocurrency Market

Global Cryptocurrency Market Report 2020-2026 provides insightful data about business strategies, qualitative and quantitative analysis of Global Market.  The report also calls for market – driven results deriving feasibility studies for client needs. MarketInsightsReports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time scenario.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Cryptocurrency Market: ZEB IT Service, Coinsecure, Coinbase, Bitstamp, Litecoin, Poloniex, BitFury Group, Unocoin Technologies Private, Ripple, OKEX Fintech Company, Bitfinex and others.

Global Cryptocurrency Market Split by Product Type and Applications:

This report segments the global Cryptocurrency market on the basis of Types are:

Bitcoin (BTC)

Ether (ETH)

Litecoin (LTC)

Other

On the basis of Application, the Global Cryptocurrency market is segmented into:

Transaction

Investment

Other

Cryptocurrency Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger and acquisitions along with trending innovation and business policies are reviewed in the report. The report contains basic, secondary and advanced information pertaining to the Cryptocurrency Market global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2020–2026.

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Essential Elements form the Table of Content of Global Cryptocurrency Market:.

– Global Cryptocurrency Market Overview, Drivers, Restraints and Opportunities, Segmentation overview

– Global Cryptocurrency Market competition by Manufacturers(2020-2026)

– Production and Consumption by Regions

– Complete profiling and analysis of Manufacturers(2020-2026)

– Manufacturing cost analysis, Materials analysis, Region-wise manufacturing expenses

– Industrial Chain, Sourcing Strategy and Downstream Buyers

– Marketing Strategy Analysis, Distributors/Traders

– Global Cryptocurrency Market Effect Factors Analysis(2020-2026)

– Global Cryptocurrency Market Forecast(2020-2026)

– Global Cryptocurrency Market Research Findings and Conclusion

The research includes historic data from 2014 to 2020 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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– Free country Level analysis for any 5 countries of your choice.

– Free Competitive analysis of any 5 key market players.

– Free 40 analyst hours to cover any other data point.

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