Global Cryptocurrency Market boost by the revolution in digital payment systems derived from blockchain technologies
The global Cryptocurrency market expected to grow with a substantial rate over the forecast period, 2020-2027. Due to the increasing demand of cryptocurrency in payments, which provide heightened transactional security, protection from fraud, low fees, protection from consumer chargebacks, and rapid international transfers. Additionally, the growing adoption of bitcoin in developed nations, and the surge in demand for safer transactions across the international borders will accelerate the growth of the global cryptocurrency market in the future period.
Cryptocurrencies are based on a decentralized consensus mechanism, as opposed to financial banking systems that rely on a centralized regulatory system. Cryptocurrency established through mining, as the transaction record are added to the public ledger of the cryptocurrency. Cryptocurrency transactions occur immediately and are known to the entire network once they occur.
The rising spread of wireless communication and the expanding number of online transaction activities will augment the global cryptocurrency market in the projected period. Additionally, low ownership cost, security, and quicker transactions are vital factors estimated to foster the global cryptocurrency market in the next few years. Further, advantages such as compliance-free peer-to-peer transactions, fast international transactions, and cross-border remittance transfer will robust the global cryptocurrency market in the expected period.
Offering Overview in the Global Cryptocurrency Market
Based on offering, the global cryptocurrency market bifurcated into Hardware, and Software. The Hardware segment projected to dominate the market by 2027, as it provides the most secure option for keeping user's valuable Bitcoin and crypto secure.
Process Overview in the Global Cryptocurrency market
Based on process, the global cryptocurrency market bifurcated into Mining and Transaction. The Mining segment estimated to exhibit maximum revenue by 2027. Due to its responsibility for verification of transactions between users and introducing new coins into the existing circulating supply.
Type Overview in the Global Cryptocurrency Market
Based on type, the global cryptocurrency market classified into Bitcoin, Etgereum (ETH), Bitcoin Cash, Ripple (XRP), Dashcoin, Litecoin (LTC) and others. The Bitcoin segment projected to lead the market due to its benefits, such as provide digital currency, which allows performing transactions without the need for a central bank.
Application Overview in the Global Cryptocurrency Market
Based on application, the global cryptocurrency market categorized into Trading, Remittance, Payment, Media and Entertainment, Travel and Tourism, and Others. The payment segment will lead the market on account of its advantages, such as it provides secured and decentralized digital payments and no third-party involvement, minimal chances of fraud and theft, and zero transaction fees for digital currency exchange.
Regional Overview in the Global Cryptocurrency Market
By geography, the Global Cryptocurrency Market segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Europe anticipated dominating the market owing to the presence of big mining companies and the availability of venture capital funding from investors.
Global Cryptocurrency Market: Competitive Landscape
Companies such as Bitmain, NVIDIA Corporation, Xilinx, Intel, Advanced Micro Devices, Ripple Labs, Ethereum Foundation, Bitfury Group, Coinbase, BitGo, Microsoft Corporation, Intel Corporation, and Binance Holdings are the key players in the Global Cryptocurrency Market.
Global Cryptocurrency Market
Report Content
1. Research Strategic Development
1.1. Market Modelling
1.2. Product Analysis
1.3. Market Trend and Economic Factors Analysis
1.4. Market Segmental Analysis
1.5. Geographical Mapping
1.6. Country Wise Segregation
2. Research Methodology
2.1. Identification of Target Market
2.2. Data Acquisition
2.3. Refining of Data/ Data Transformations
2.4. Data Validation through Primary Techniques
2.5. Exploratory Data Analysis
2.6. Graphical Techniques/Analysis
2.7. Quantitative Techniques/Analysis
2.8. Visual Result/Presentation
3. Executive Summary
4. Market Insights
4.1. Economic Factor Analysis
4.1.1. Drivers
4.1.2. Trends
4.1.3. Opportunities
4.1.4. Challenges
4.2. Competitors & Product Analysis
4.3. Regulatory Framework
4.4. Company market share analysis, 2019
4.5. Porter's Five forces analysis
4.6. New Investment Analysis
4.7. PESTEL Analysis
5. Global Cryptocurrency Market Overview
5.1. Market Size & Forecast, 2016-2027
5.1.1. By Value (USD Million)
5.2. Market Share & Forecast, 2016-2027
5.2.1. By Offering
5.2.1.1. Software
5.2.1.2. Hardware
5.2.2. By Process
5.2.2.1. Mining
5.2.2.2. Transaction
5.2.3. By Type
5.2.3.1. Bitcoin
5.2.3.2. Etgereum (ETH)
5.2.3.3. Bitcoin Cash
5.2.3.4. Ripple (XRP)
5.2.3.5. Dashcoin
5.2.3.6. Litecoin (LTC)
5.2.3.7. Others
5.2.4. By Technology
5.2.4.1. Trading
5.2.4.2. Remittance
5.2.4.3. Payment
5.2.4.4. Media and Entertainment
5.2.4.5. Travel and Tourism
5.2.4.6. Others
5.2.5. By Region
5.2.5.1. Europe
5.2.5.2. North America
5.2.5.3. Asia Pacific
5.2.5.4. South America
5.2.5.5. Middle East & Africa
6. Europe Cryptocurrency Market Overview
6.1. Europe Cryptocurrency Market Size & Forecast, 2016-2027
6.1.1. By Value (USD Million)
6.2. Europe Cryptocurrency Market Share & Forecast, 2016-2027
6.2.1. By Offering (Hardware, and Software)
6.2.2. By Process (Mining and Transaction)
6.2.3. By Type (Bitcoin, Etgereum (ETH), Bitcoin Cash, Ripple (XRP), Dashcoin, Litecoin (LTC) and Others)
6.2.4. By Application (Trading, Remittance, Payment, Media and Entertainment, Travel and Tourism and Others)
6.2.5. By Country
6.2.5.1. Germany
6.2.5.2. UK
6.2.5.3. France
6.2.5.4. Italy
6.2.5.5. Rest of Europe
6.2.6. Company Market Share (Top 3-5)
6.2.7. Economic Impact Study on North America Cryptocurrency Market
7. North America Cryptocurrency Market Overview
7.1. North America Cryptocurrency Market Size & Forecast, 2016-2027
7.1.1. By Value (USD Million)
7.2. North America Cryptocurrency Market Share & Forecast, 2016-2027
7.2.1. By Offering (Hardware, and Software)
7.2.2. By Process (Mining and Transaction)
7.2.3. By Type (Bitcoin, Etgereum (ETH), Bitcoin Cash, Ripple (XRP), Dashcoin, Litecoin (LTC) and Others)
7.2.4. By Application (Trading, Remittance, Payment, Media and Entertainment, Travel and Tourism and Others)
7.2.5. By Country
7.2.5.1. US
7.2.5.2. Canada
7.2.5.3. Mexico 7.2.6. Company Market Share (Top 3-5)
7.2.7. Economic Impact Study on Europe Cryptocurrency Market
8. Asia Pacific Cryptocurrency Market Overview
8.1. Asia Pacific Cryptocurrency Market Size & Forecast, 2016-2027
8.1.1. By Value (USD Million)
8.2. Asia Pacific Cryptocurrency Market Share & Forecast, 2016-2027
8.2.1. By Offering (Hardware, and Software)
8.2.2. By Process (Mining and Transaction)
8.2.3. By Type (Bitcoin, Etgereum (ETH), Bitcoin Cash, Ripple (XRP), Dashcoin, Litecoin (LTC) and Others)
8.2.4. By Application (Trading, Remittance, Payment, Media and Entertainment, Travel and Tourism and Others)
8.2.5. By Country
8.2.5.1. China
8.2.5.2. India
8.2.5.3. Japan
8.2.5.4. Australia
8.2.5.5. Rest of Asia Pacific
8.2.6. Company Market Share (Top 3-5)
8.2.7. Economic Impact Study on Asia Pacific Cryptocurrency Market
9. South America Cryptocurrency Market Overview
9.1. South America Cryptocurrency Market Size & Forecast, 2016-2027
9.1.1. By Value (USD Million)
9.2. South America Cryptocurrency Market Share & Forecast, 2016-2027
9.2.1. By Offering (Hardware, and Software)
9.2.2. By Process (Mining and Transaction)
9.2.3. By Type (Bitcoin, Etgereum (ETH), Bitcoin Cash, Ripple (XRP), Dashcoin, Litecoin (LTC) and Others)
9.2.4. By Application (Trading, Remittance, Payment, Media and Entertainment, Travel and Tourism and Others)
9.2.4.1. Brazil
9.2.4.2. Argentina
9.2.4.3. Rest of South America
9.2.4.2.
9.2.5. Company Market Share (Top 3-5)
9.2.6. Economic Impact Study on South America Cryptocurrency Market
10. Middle East & Africa Cryptocurrency Market Overview
10.1. Middle East & Africa Cryptocurrency Market Size & Forecast, 2016-2027
10.1.1. By Value (USD Million)
10.2. Middle East & Africa Cryptocurrency Market Share & Forecast, 2016-2027
10.2.1. By Offering (Hardware, and Software)
10.2.2. By Process (Mining and Transaction)
10.2.3. By Type (Bitcoin, Etgereum (ETH), Bitcoin Cash, Ripple (XRP), Dashcoin, Litecoin (LTC) and Others)
10.2.4. By Application (Trading, Remittance, Payment, Media and Entertainment, Travel and Tourism and Others)
10.2.5. By Country
10.2.5.1. Saudi Arabia
10.2.5.2. UAE
10.2.5.3. South Africa
10.2.5.4. Rest of Middle East & Africa
10.2.6. Company Market Share (Top 3-5)
10.2.7. Economic Impact Study on Middle East & Africa Cryptocurrency Market
11. Competitor Analysis
11.1. Company Description
11.2. Financial Analysis
11.3. Key Products
11.4. Key Management Personnel
11.5. Contact Address
11.6. SWOT Analysis
11.7. Company Profile
11.7.1. Bitmain
11.7.2. NVIDIA Corporation
11.7.3. Xilinx
11.7.4. Intel
11.7.5. Advanced Micro Devices
11.7.6. Ripple Labs
11.7.7. Ethereum Foundation
11.7.8. Bitfury Group
11.7.9. Coinbase
11.7.10. BitGo
11.7.11. Microsoft Corporation
11.7.12. Intel Corporation
11.7.13. Binance Holdings
11.7.14. Other Prominent Players
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