Press release
New Report Offers Cryptocurrency Market, Trends, Future Prospects during 2017-2025
MRRSE
Request to view Sample Report @ https://www.mrrse.com/sample/4330
Global Cryptocurrency Market: Overview
Cryptocurrency market is currently driven by fast, global, and secure transactions processing, low cost of remittance offered by cryptocurrencies, and growth in venture capital investments. Cryptocurrencies use cryptography system to control the creation of additional units and to secure the integrity of transactions. In cryptography, only the owner with private key can send the cryptocurrencies, which make the transactions highly secure and authentic. Further, transactions get confirmed within minutes irrespective of physical location of sender and receiver because of an extensive geographically diversified miner network base.
In traditional banking system, involvement of number of regulator entities and requirement of adhering to numerous compliances, the cost of sending money internationally increases exponentially. According to the statistics provided by World Bank, the average cost of sending remittances across borders through traditional market players such as Money Gram, TransferWise, or Western Union is around 7% to 10%. In developing countries such as South Africa, remittance charges are even higher, up to 20%. On the other hand, cryptocurrency dis-intermediates involved banks and currency exchanges from the settlement process and further reduce down the settlement costs. In 2016, the global cryptocurrency market was valued at US$ 574.3 mn and is expected to reach US$ 6,702.1 mn by 2025, expanding at a CAGR of 31.3% during the forecast period from 2017 to 2025.
Bitcoin Poised hold the Highest Share as Various Industrial Verticals Show Keen Interest
The global cryptocurrency market has been segmented on the basis of component, type, and region. On the basis of component, the market is segmented into hardware and software. The hardware segment is further classified into FPGA, GPU, ASIC, wallet, and others. Software segment is divided into mining platform, blockchain, coin wallet, and exchange. In 2016, hardware segment accumulated to the highest market share and is expected to continue its dominance over the forecast period. Nonetheless, software segment is projected to witness highest growth in coming years. By type, the market has been segmented into various cryptocurrencies such as Bitcoin, Ethereum, Ripple (XRP), Litecoin, Dashcoin and others. In terms of market share, bitcoin cryptocurrency segment is projected to have highest market share over the forecast period owing to its highest adoption in numerous applications and industry verticals. Nonetheless, Ethereum is anticipated to witness highest CAGR growth in coming years due to its associated benefits such as smart contract technology, electronic cash and Proof of Stake (PoS).
Browse Full Report with TOC @ https://www.mrrse.com/cryptocurrency-market
Europe Shows Dominance with Strong Presence of Mining Pools
In 2016, Europe held highest revenue share of global cryptocurrency market with Germany contributing the maximum revenue and it is expected that the region will show significant growth over the forecast period. Presence of numerous mining pools and adoption of cryptocurrencies as valid currency by numerous retailers are projected to have strong impact on market growth in European countries. In North America, highest revenue contributing countries includes the U.S., and Canada. Significant growth in number of Initial Coin Offerings (ICOs) in the region especially in the U.S. is key factor for expected substantial growth shown by North America. High adoption rate of virtual currencies across the countries namely China, Singapore, and Japan in the region is expected to drive the Asia Pacific cryptocurrency market. Gulf Cooperation Council (GCC) countries including Saudi Arabia and United Arab Emirates (UAE) and South Africa are the highest revenue generating regions from MEA. South America cryptocurrency market is driven by inflation and payment problems faced by various economies in the region. Brazil is the highest revenue contributing country to the cryptocurrency market from the region.
The company profiling of key players profiled in the global cryptocurrency market includes company overview, major business strategies adopted, SWOT analysis and market revenues for year 2014 to 2016. The key players profiled in the global cryptocurrency market includes Intel Corporation, Microsoft Corporation, NVIDIA Corporation, BitFury Group Limited, Alphapoint Corporation, Advanced Micro Devices, Inc. Xilinx Inc., BitGo, Ripple and BTL Group Ltd.
Enquire about this Report @ https://www.mrrse.com/enquiry/4330
About (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 States Telephone: +1-518-730-0559
Email: sales@mrrse.com
Website: https://www.mrrse.com/
Read More Industry News At: https://www.industrynewsanalysis.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 New Report Offers Cryptocurrency Market, Trends, Future Prospects during 2017-2025 here
News-ID: 938138 • Views: …
More Releases from Market Research Reports Search Engine - MRRSE
Global Video Event Data Recorder Market: Industry Analysis and Opportunity Asses …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Video Event Data Recorder Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.
To Get Sample Report @ https://www.mrrse.com/sample/2941
The global video event data recorder (VEDR)…
Global Octabin Market key Insights Based On Product Type, End-use and Regional D …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Octabin Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.
Get Sample Report with More Info @ https://www.mrrse.com/sample/16143
Packaging solutions for bulk cargo are gaining fast…
Global Ion Beam Technology Market Examines Latest Trends and Key Drivers Support …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled“Global Ion Beam Technology Market”to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.
Click here – Request Sample Report @ https://www.mrrse.com/sample/3126
Application of ion beam was rarely found…
Cash- in Transit Bags Market 2025 | Global Key Players: TruSeal (Pty) Ltd, Harco …
This report on the Global Cash-in Transit Bags Market provides analysis for the period 2015–2025, wherein 2016 is the base year and the period from 2017 to 2025 is the forecast period. Data for 2015 has been included as historical information. The report covers market dynamics including drivers, restraints, opportunities, trends, and policies and regulations which are expected to influence the cash-in transit bags market growth during the said period.…
More Releases for Corporation
Endotherapy Devices Market Key Players: Hoya Corporation, Olympus Corporation, S …
A fresh report titled “Endotherapy Devices Market” has been presented by KD market insights. It evaluates the key market trends, advantages, and factors that are pushing the overall growth of the market. The report also analyzes the different segments along with major geographies that have more demand for Endotherapy Devices Market. The competition analysis is also a major part of the report.
The global endotherapy devices market is projected to reach…
Digital Living Room Market 2017-2025 | Samsung Corporation, Sharp Corporation, B …
Global Digital Living Room Market: Snapshot
The living room gadgets in the early 1980s were predominantly televisions. Today, living rooms have evolved into a place with a number of devices thanks to inventions and evolution of the consumer electronics industry. Following this, researchers are focused on bridging the gaps between different devices in the living room by means of connected living rooms. This involves connecting the array of primary and secondary…
Smart Camera Market || Key Players - Samsung Electronics Co., Canon Inc., Nikon …
Looking at the current market trends as well as the promising demand status of the Smart Camera Market, it can be projected that the future years will bring out positive outcomes. This research report added by MRRSE on its online portal delivers clear insight about the changing tendencies across the global Smart Camera Market. Readers can gather prime facets connected to the target market which includes product, end-use and application;…
Global Healthcare Clinical Analytics Market to 2022| IBM Corporation, Cerner Cor …
Albany, NY, 3rd December : Recent research and the current scenario as well as future market potential of "Global Market Study on Healthcare Clinical Analytics: North America to be the Most Lucrative Market During the Assessment Period (2017 - 2022)" globally.
Introduction
Persistence Market Research delivers yet another unbiased, comprehensive and insightful report titled ‘Healthcare Clinical Analytics Market: Global Industry Analysis (2012-2016) and Forecast (2017-2022)’.
Get PDF for more Professional and Technical insights…
Endotherapy Devices Market Key Players : Hoya Corporation, Olympus Corporation, …
Endoscopy Devices Market is performed to examine abdominal pain, ulcers, digestive tract bleeding, and abnormal growths in the colon and other abdominal & gastrointestinal (GI) conditions. The minimally invasiveness of this procedure with fewer post operation complications makes it one of the most preferred and sought-after procedures in diagnostics and surgeries. The global endotherapy devices market is projected reach $5,015 million by 2024 from $3,369.0 million in 2017, growing at…
Endoscopy Devices Market Share with Olympus Corporation, HOYA Corporation, Fujif …
Endoscopy Devices Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $40,854 million by 2022 from $27,273 million in 2015, registering a CAGR of 5.7% during the period 2016 to 2022. The flexible endoscopes are expected to dominate the global endoscopy devices market. North America is projected to continue its lead, accounting for more than one-third share of the global endoscopy devices market…
