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Digital Currency Market With Geographic Segmentation, Statistical Forecast And Competitive Analysis Report To 2023
Global Digital Currency Market was valued at USD 638.79 million in 2021 and is expected to reach USD 854.85 million by the year 2028, at a CAGR of 4.25%
Digital Currency is a type of currency that is available only in digital or electronic form. Digital Currency is also commonly called digital money, electronic money, or electronic currency and these can be centralized or decentralized. These forms of currency are only accessible with computers or mobile phones because they only exist in electronic form and do not have physical attributes. Regardless of their virtual form, digital currencies have the utility same as physical currencies, they can be used to purchase goods and services.
Encrypted tokens or coins are used as digital currency which can be stored on a decentralized and distributed online ledger using blockchain technology. Today, Central banks have also started focusing on exploring, testing, and launching their own stable digital currencies. These Central Bank Digital Currencies issued by government-mandated financial institutions, hold equal legal status as their fiat currency counterparts. Recently, the global market of Digital Currency has experienced considerable growth in market capitalization, user base, and popularity.
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Market Dynamics:
Driver:
Increasing demand for Retail Central Bank Digital Currency and less use of cash for payments are primarily driving the growth of the market. Moreover, there is an increased need for transparency in financial payment systems and need for new modes of transfer which is leading to higher demand for such currencies, this demand is also further supported by the increase in data security and improved market cap which altogether are the major driving factors for the market.
Opportunities:
Rising acceptance of digital currencies and other digital assets by businesses worldwide for investment, operational, and transactional purposes are expected to boost the growth of the global digital currency industry even further. Along, with the unexpected risks, these forms of digital money also offer strong incentives which are best suited for young investors and businesses looking for new ways to make transactions and investments. Moreover, the increasing number of cross-border transactions is another opportunity for the market players to push innovation and earn profits.
The Report Will Contains A Crucial Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis
• SWOT Analysis
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Segmentation of the Digital Currency Market
By Type
• IT Solution
• FinTech
• Bank
• Consulting
• Exchange
• Others
By Application
• BFSI
• Retail
• Healthcare
• IT & Telecom
• Manufacturing
• Others
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By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
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Players Covered in Digital Currency Market are
• IBM
• Oracle
• Ripple
• Nasdaq Linq
• Rubix by Deloitte
• Citi Bank
• Oklink
• Distributed Ledger Technologies
• AWS
• Qihoo 360
• Huawei
• ELayaway
• SAP
• Tecent
• JD Financial
• HSBC
• Bitspark
• Baidu
• Ant Financial and other major players.
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https://introspectivemarketresearch.com/reports/currency-exchange-software-market/
https://introspectivemarketresearch.com/reports/currency-strapping-machine-market/
https://introspectivemarketresearch.com/reports/currency-exchange-bureau-software-market/
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