Published on : Feb 12, 2018
Albany, New York, February 12, 2018: In the present time, technology has made unbelievable advancement as compared to any time in the past. Cryptocurrency is one of them, which is the newest trend in the money market that contains the elements of computer science and mathematical theory. The demand for cryptocurrencies has been on the rise as it has developed as a convenient medium of currency exchange. Market Research Hub (MRH) has publicized a new study titled “Cryptocurrency Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025” to its massive repository, which is an in-depth research that includes insights acquired from complex information, benefitting the business of clients. A significant amount of reliable and precise market data is formed into an actionable and clear insight, enabling clients in formulating their plans or making crucial business decisions.
This 250-page precise study provides a holistic outlook on the cryptocurrency market’s growth throughout the above mentioned forecast period in terms of revenue (in US$ Mn), and volume (in Thousand Units), across different geographies, including Asia Pacific, South America, North America, Europe, and Middle East & Africa (MEA). The report covers all the major trends and technologies playing a major role in the cryptocurrency market growth over the forecast period. It highlights the drivers, restraints and opportunities expected to influence the market growth during this period.
Moreover, the report provides a competitive landscape of the cryptocurrency market, thereby listing out all the major players according to their geographic presence, market attractiveness and recent key developments. Xilinx Inc., Intel Corporation, NVIDIA Corporation, BitFury Group Limited, Microsoft Corporation, Alphapoint Corporation, BitGo, Ripple, Advanced Micro Devices, Inc. and BTL Group Ltd. are few of the key players which have been outlined in this study.
Key findings from the Report
- As per the study evaluations, the global cryptocurrency market was valued at US$ 574.3 mn in 2016 and is further expected to reach US$ 6,702.1 mn by 2025, expanding at a remarkable CAGR of 31.3% during the forecast period from 2017 to 2025.
- The global cryptocurrency market has been segmented on the basis of the 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. Geographically, North America and Europe both expected to show a solid growth rate in the global market due to superior awareness about cryptocurrencies.
- The convenience of making these transactions that are devoid of any regulatory authorities and additional payments have favored the global cryptocurrency market growth in the past few years. The report also states that introduction of many more currencies such as Ethereum, Ripple, and Litecoin is also projected boost the overall market in the near future.
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