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Cryptocurrency Market: Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 - 2025
Get access to full summary @: http://www.persistencemarketresearch.com/market-research/cryptocurrency-market.asp
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.
A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/16741
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.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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