openPR Logo
Press release

Cryptocurrency Market – Global Growing Industry Projected to Touch US$ 6,702.1 mn by 2025

11-27-2018 09:11 AM CET | Industry, Real Estate & Construction

Press release from: MRRSE.com

MRRSE

MRRSE

An insightful study, titled “Global Cryptocurrency Market” has been freshly broadcasted to the vast research repository of Market Research Reports Search Engine (MRRSE). The research study provides detailed comprehensions and forecasts future growth of the global market with an in-depth study of the factors impacting revenue growth throughout the mentioned forecast period. Further, a deep analysis on the major players from diverse regions is also present in the report.

Get Report Sample Copy @ https://www.mrrse.com/sample/4330

The global cryptocurrency market is anticipated to grow at a spectacular rate due to the rising demand for digital payments. Bitcoin leads the global market as it was first company to introduce digital currencies in the year 2009. Although Litecoin is expected to catch more attention during the forecast period due to the increased usage of cryptocurrency in users over the past few years. Other currencies such as Ripple, Namecoin, and Ethereum are also prominent in the market. Global investors are deciding on which currency will gain momentum in the cryptocurrency market globally. Increased use of blockchain technologies in finance are being implemented to create innovative products, enabling end-users to adopt cryptocurrencies. This will eventually lead to the growth of financial industry globally. Some of the leading key players in cryptocurrency global market include BitGo, Xilinx Inc., BTL Group Ltd., Alphapoint Corp., Advanced Micro Devices, Inc., NVIDIA Corp., Intel Corp., BitFury Group Ltd., and Microsoft Corp.

The global market for cryptocurrency was valued at US$574.3 mn in the year 2017 and is expected to be worth US$6702.1 mn by the end of 2025. The overall market is estimated to grow at a stellar CAGR of 31.3% during the assessment period 2017 to 2025. The market for cryptocurrency is segmented into software and hardware. The hardware segment is likely to dominate the global market during the forecast period. As per regions, the market for cryptocurremcy is fragmented into Europe, North America, Asia Pacific, and Latin America. Of these, Europe is estimated to account for the majority of market share throughout the forecast period due to the existence of numerous mining pool. North America is also likely to offer huge growth opportunities in the coming future.

The crypgtocurrency market is gaining importance owing to the revolution in digital payment systems derived from blockchain technologies. The increasing need for secured and decentralized digital payments are responsible for rising demand of digital currencies. Some of the factors that drive the global market for cryptocurrencies include no third party involvement, minimal chances of fraud and theft, and zero transaction fees for digital currency exchange. In addition to this, there are other factors that promote the growth of cryptocurrency market which include transparency and persistence of the low ownership cost and the technology in distributed ledger. Also, with the high security offered by cryptography for digital currency transactions, makes these transactions inaccessible and thus builds trust among the parties involved in digital transactions.

Complete Research Report with TOC @ https://www.mrrse.com/cryptocurrency-market

In spite of the rising demand for cryptocurrency market, there are some features that may hinder the overall growth. One of the major concerns related to cryptocurrency is the lack of awareness among people. Also, the lack of supervisory control on the transactions made has hampered the adoption of cryptocurrency market across the globe. Another concern towards this market is the price instability and internet security breaches impede market growth. Hence, there is a high risk involved while investing in cryptocurrencies. Nonetheless, there are some investors and companies who are spreading information to the common man about the awareness of investing in cryptocurrencies. This is expected to drive more demand for cryptocurrency market in the coming years.

The information presented in this review is based on a Transparency Market Research report, titled, “Cryptocurrency Market (Component - Hardware (FPGA, GPU, ASIC, and Wallet), Software (Mining Platform, Blockchain, Coin Wallet, Exchange); Type - Bitcoin, Ethereum, Ripple (XRP), Litecoin, and Dashcoin) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2025.”

The global cryptocurrency market is segmented based on:

Component

Hardware
FPGA
GPU
ASIC
Wallet
Others
Software
Mining Platform
Blockchain
Coin Wallet
Exchange

Type

Bitcoin
Ethereum
Ripple (XRP)
Litecoin
Dashcoin
Others

Geography

North America
The U.S.
Canada
Rest of North America
Europe
Germany
France
Netherlands
The U.K.
Rest of Europe
Asia Pacific
China
Singapore
Japan
Rest of Asia Pacific
Middle East and Africa (MEA)
South Africa
GCC
Rest of Middle East and Africa
South America
Brazil
Rest of South America

Enquire Now @ https://www.mrrse.com/enquiry/4330

About Market Research Reports Search Engine (MRRSE)

Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.

MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.

Contact Us

State Tower
90, State Street
Suite 700
Albany, NY – 12207(United State)
United States Telephone: +1-518-730-0559(Toll Free – USA & Canada)
Email: sales@mrrse.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Cryptocurrency Market – Global Growing Industry Projected to Touch US$ 6,702.1 mn by 2025 here

News-ID: 1401068 • Views:

More Releases from MRRSE.com

Automotive Microcontrollers Market | Industry Key Players - AG (Germany), Texas Instruments, Inc. (U.S.), ON Semiconductor Corp. (U.S.), STMicroelectronics N.V. (Switzerland), Maxim Integrated Products, Inc. (U.S.), NXP Semiconductors N.V. (Netherlands)
Automotive Microcontrollers Market | Industry Key Players - AG (Germany), Texas …
MRRSE has recently published a report that explores the market for automotive microcontrollers at a global scale, and covers the market dynamics exhaustively, providing major trends impacting the market growth. This report on global market for automotive microcontrollers provides a detailed knowledge base for players who seek expansion of their presence globally. Insights offered in this report is instrumental for market players and investors, for gauging potential of the bubble
Global Commercial Refrigeration Equipment Market |Key Players Baltimore Aircoil Company, Inc. (US), Daikin Industries, Ltd. (Japan), GEA Group AG (Germany), Emerson Climate Technologies (US)
Global Commercial Refrigeration Equipment Market |Key Players Baltimore Aircoil …
MRRSE provides the forecast and in-depth on the global commercial refrigeration equipment market for the forecast period 2017-2026. The report also analyzes the market in terms of market volume and value and offers information on the market dynamics, competitors, current market scenario, and future market growth. Year-on-year growth and important factors supporting the decision-making process is also offered in the report on the global market for commercial refrigeration equipment. Get Report
Automotive Aluminum Alloy (OE) Market - Outlook and Growth Stance Forecasted Through 2026 || Market Players are - Arconic, AUSTEM COMPANY LTD., Constellium N.V., Bharat Forge, UACJ Corporation, FLEX-N-GATE CORPORATION
Automotive Aluminum Alloy (OE) Market - Outlook and Growth Stance Forecasted Thr …
A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled “Automotive Aluminum Alloy (OE) Market - Outlook and Growth Stance Forecasted Through 2026” which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview. The report comprises a detailed value chain analysis, which provides a comprehensive view
Frontotemporal Disorders Treatment Market (2018-2028) || Key Players are Pfizer Inc., Johnson & Johnson, Sanofi S.A., Eli Lilly and Company, GlaxoSmithKline Plc., Novartis AG, Mylan N.V., Merck & Company Inc.
Frontotemporal Disorders Treatment Market (2018-2028) || Key Players are Pfizer …
A recent market study published by company – “Frontotemporal Disorders Treatment Market Assessment & Opportunity Analysis Recorded for 2018 – 2028” – consists of a comprehensive assessment of the most important market dynamics. On conducting a thorough research on the historic as well as current growth parameters of the frontotemporal disorders treatment market, growth prospects of the market are obtained with maximum precision. The report features unique and salient factors

All 5 Releases


More Releases for MRRSE

Global Market Study on Enterprise Governance, Risk and Compliance (EGRC)-MRRSE
Enterprise governance, risk and compliance (EGRC) being a multifaceted and innovative approach to risk management, corporate governance and compliance issues has a direct impact on business objectives. Market Research Reports Search Engine (MRRSE) has recently publicized the addition of a new research report to its vast online repository with a title “Enterprise Governance, Risk and Compliance (EGRC) Market: Global Industry Analysis and Forecast, 2016-2024”. This report on global enterprise governance, risk and
Latest Research Reports - MRRSE
The rising usage of vetiver oil in aromatherapy, due to its popularity as precious therapeutic oil in eastern countries on account of its safe, convenient and customary application is a major factor behind the increasing production for vetiver oil. A market research report titled as “Haitian Vetiver Oil Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024” has been recently added to the vast online
Industry Research Reports - MRRSE
This Future Market Insights report examines the ‘High Content Screening (HCS) Market for the period 2015–2025. New product launches are resulting in product assortment and thus, increased installation of High Content Screening (HCS) instruments. This is expected to bolster growth of the High Content Screening (HCS) market over the next five to six years. Furthermore, increasing government support for research and development for drug discovery processes across the globe is
Business Research Reports - MRRSE
Albany, New York, March 30, 2017: Market Research Reports Search Engine (MRRSE) announces the addition of a new report titled Global Market Study on Natural and Organic Flavors: Rising Health Consciousness among Consumers Expected to Boost Market Growth. This Persistence Market Research (PMR) report analyzes the Natural and Organic Flavors Market at the global as well as regional levels. This study provides data for 2015 along with that for the
Global Steam Autoclave Market Boosted by Growing Cases of Nosocomial Infections: …
Albany, New York, October 2016: Market Research Reports Search Engine (MRRSE.com) has added a new report to its ever-expanding database on the global industries of medical devices. The latest addition, titled Steam Autoclave Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024,” is an updated report that discusses the various possibilities where players in this market can utilize to gain a stronger foothold in it.
Wearable Technology Market Outlook, Competitive analysis, Industry Trends: MRRSE
This report covers the global wearable technology market size and forecast from 2012 to 2018 along with their application in different end-use segments such as wellness and fitness, healthcare and medical, infotainment, industrial and military. The performance of wearable technology applications across different geographical regions namely, North America, Europe, Asia and RoW (Rest of the World) has also been covered in this report. Browse the full Global Wearable Technology Market