Cryptocurrency Market - Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 - 2025


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Persistence Market Research

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Currently, the customers demand are changing and they are looking more towards less time consuming financial services to make their life easier and effortless. For this, they are moving more towards online businesses like online transactions such as Cryptocurrency. Cryptocurrency is a virtual currency that people use for various purchases. It is a medium of exchange using cryptography so as to secure the transactions and to control the creation of additional units of the currency.

Cryptocurrency is a future and new revenue stream in the digital finance world. Cryptocurrency address is established using public and private keys. It is politically neutral as it is not bound by any rules or regulations of any specific government or exchange rates, interest rates, and country to country transaction fee, which makes international transactions faster. Moreover, it has low transaction fees and provides faster operation.

Cryptocurrency is said to be more secure than conventional financial instruments, eliminating the chances of identity theft and other issues that currently plague fiat based electronic payments infrastructure.

Cryptocurrency Market: Drivers and Challenges

Cryptocurrency provides proper security, authentication, and ease of transactions allowing the cryptocurrency holder to send exactly what he wants without any further information which is one of the major driver of the market. However, the increasing online transaction as mobile phone users prefer transactions over their phones, less transaction fees, easy and faster transaction, changing consumer and business landscape have led the demand for the market growth. Apart from these the rising online business market and use of mobile based wallet are also one of the drivers.

Major population of the world are still unaware of the benefits of digital currency. Lack of widespread adoption and capacity limits, which are currently being addressed by micro-payment channels are hindering the growth of the market.

Cryptocurrency Market: Segmentation

On the basis of end-user, Cryptocurrency market can be segmented into BFSI, retail, media & entertainment, gaming industry, healthcare, travel & tourism, transportation & logistics and education.

On the basis of region, Cryptocurrency market can be segmented into North America, Latin America, Western Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan.

Cryptocurrency Market: Regional Outlook

North America and Europe market is in advanced stage of adoption of Cryptocurrency. However, the Asia Pacific and MEA are expected to the emerging regions. In the countries like India and Africa, the popularity and the usage of various cryptocurrencies are expected to increase in the coming years.

Key Market Players:

Some of the leading players of Cryptocurrency market are: Coinbase, Bitstamp Ltd., Coinsecure, Litecoin, Poloniex Inc., Zeb IT Service Pvt Ltd, Bitfury Group Limited, Unocoin, Ripple, Bitfinex, Global Area Holding Inc., BTL Group Ltd., Digital Limited, IBM Corp. and Microsoft Corp.

However, there are a lot of new players entering the market as it holds huge business opportunities.

The report covers exhaustive analysis on:

Cryptocurrency Market Segments

  • Cryptocurrency Market Dynamics
  • Historical Actual Market Size, 2012 - 2016
  • Cryptocurrency Market Size & Forecast 2017 to 2027
  • Supply & Demand Value Chain
  • Cryptocurrency Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain
  • Cryptocurrency Market Drivers and Restraints

Regional analysis for Cryptocurrency Market includes the development of these systems in the following regions:

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Europe
    • Western Europe
      • Germany
      • France
      • U.K.
      • Spain
      • Italy
      • Nordic
      • BENELUX
      • Rest of Western Europe
    • Eastern Europe
      • Russia
      • Poland
      • Rest of Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other Africa

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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