Cryptocurrency Market – Global Opportunities & Forecast, 2020-2027
The GMI Research report provides an overall outlook of the
industry through a detailed market segmentation. The report offers thorough
information related to the overview and scope of the market, including the
market drivers, restraints and emerging trends in the industry. This report is especially
designed to include both qualitative and quantitative aspects of the industry
in each region and country participating in the study.
Competitive Rivalry of the Cryptocurrency Market:
The leading players in the cryptocurrency
market include Quantstamp, Inc., BitMain Technologies Holding Company,
Ethereum Foundation, Advanced Micro Devices, Inc., BitGo, Intel Corporation,
Xilinx, Bitfury Group Limited, Ripple, Coinbase, among others.
Drivers of the Cryptocurrency Market:
The major factors accelerating
the growth of the global cryptocurrency market include the increasing adoption
of cryptocurrency for payments and other options across various developed and
developing economies. Moreover, numerous R&D activities and several
technological advancements for the development of cryptocurrency, such as
blockchain technology, are leading to improvement in the cryptocurrency.
Furthermore, fluctuations in the monetary regulations, the growing number of
cross-border payments, coupled with increasing penetration of the internet, are
some other factors surging the growth of the global cryptocurrency market
around the world.
Increasing acceptance of
cryptocurrency across various application areas and the exceptional benefits,
along with the use of the cryptocurrency such as easier international trade,
more confidential transactions, raised adaptability, decreased transaction
fees, followed by instant payments are further boosting the demand of the
market. The outbreak of the coronavirus crisis will further fuel the demand of
the market. The rising emphasis on using digital currencies, crypto assets, and
other blockchain technologies is the key factor bolstering the demand of the
market. With the increasing focus on maintaining social distance, consumers now
prefer contactless payments rather than cash. All these factors are energizing
the demand of the market. On the other hand, the factors hampering the growth
of the global cryptocurrency market include the growing concerns regarding
privacy, security & control, and lack of technical understanding associated
with the cryptocurrency.
Market Segmentation:
The main objective of the study is to
define market sizes of the different market segments & countries during the
forecast period and analyze the values in the next six years. The detailed
segments and sub-segments of the market are explained below:
Breakup by Offering:
·
Hardware
o
Gpu
o
Asic
o
FPGA
o
Wallet
·
Software
o
Coin
Wallet
o
Mining
Platform
o
Exchange
Breakup by Process:
·
Transaction
o
Wallet
o
Exchange
·
Mining
o
Pool
Mining
o
Solo
Mining
o
Cloud
Mining
Breakup by Type:
·
Etgereum (ETH)
·
Bitcoin
·
Ripple (XRP)
·
Bitcoin Cash
·
Litecoin (LTC)
·
Dashcoin
·
Others
Breakup by Application:
·
Remittance
·
Trading
·
Payment
o
Ecommerce
& Retail
o
Peer-To-Peer Payment,
o
Travel
& Tourism
o
Media
& Entertainment
o
Others
Breakup by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
About GMI Research
GMI Research is a market research
and consulting firm which provides bespoke industry & market research to help
businesses in making the toughest business decision. We know the significance
of accurate data; that’s why our analyst use tailored methodology to study
every market in detail because one size doesn’t fit all. We not only cover the
traditional well-established market but also focuses on niche market and
markets in the emerging economies, where getting data and information is a
challenge. This factor makes us pioneer in emerging market research space. Our
syndicate reports cover multiple industries across various regions and
countries.
Our in-depth market reports help
propel your business with all the data, strategic inputs, and competitive
intelligence to move ahead even in the most uncertain times. Featured in the ‘Top
20 Most Promising Market Research Consultants’ list of Silicon India
Magazine in 2018, we at GMI Research look forward to help businesses stay ahead
of the curve.
Contact
Us
Company Name: GMI RESEARCH
Email: enquiry@gmiresearch.com
Phone: +353 1 442 8820
Address:Level 1, The Chase Carmanhall Road,
Sandyford Industrial Estate
City: Dublin
State: Dublin
Country: Ireland
Website: https://www.gmiresearch.com/
Comments