Global Cryptocurrency and Blockchain Market to Gain Substantial Momentum by Rising Security Concerns in Enterprises

Published on : May 05, 2017

Albany, New York, May 05, 2017: With the recent rise in popularity of cryptocurrencies many investors are now trying to determine how to invest into this new asset class. Globally, more than 100 genres of cryptocurrencies exist, but only a few types of cryptocurrencies are well-known in the market. One of the most popular technology ‘bitcoin’ is dominant in the cryptocurrency ecosphere, and gaining huge momentum in the market. A new study, focusing on the current trends and factors involved in the market growth has been added to the vast portfolio of Market Research Hub’s research studies and titled as “Global Cryptocurrency and Blockchain Market Research Report 2017”. The report provides insights into the global market status, key players, competitive landscape and market segmentation.

Cryptocurrency is a decentralized digital currency that uses encryption to generate money and to verify transactions. Similarly, Blockchain retains the ability to have permanent records of the transactions safely and permanently in blocks and at any time people can see those changes online in real time. From a business perspective, it’s helpful to think of blockchain technology as a type of next-generation business process improvement software. Collaborative technology, like blockchain, have the ability to increase the business procedures that occur between companies.

Geographically, the regions covered in the cryptocurrency and blockchain technology market report are South Korea, United States, Japan, EU, China, Taiwan and others. Details regarding production, revenue, price, consumption, market share and growth rate of each region are discussed in the report. Globally, the industry players are showing interest towards the blockchain and crypto-currency acceptance and discussing with value chain players in order to understand the benefits of blockchain technology. Until now, the prime drivers of the cryptocurrency market include proper security, authentication and ease of transactions. These drivers are inevitably pushing the cryptocurrency market growth.

In the next section, the report segments the market on the basis of product and end users/applications. By product type, it covers Ether (ETH), Bitcoin (BTC), Ripple, Litecoin (LTC), Dogecoin, Peercoin and Namecoin. By looking the various benefits, the awareness about the blockchain and cryptocurrencies is growing among the enterprises. The market is anticipated to see a double-digit growth in the coming few year. Also, adoption of cryptocurrency is expected to increase among people, which will certainly, in turn, drive demand and price. By application, the market has been segregated into Transaction, Investment and others.

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Moreover, sections covering the manufacturing cost analysis, industrial chain analysis, marketing strategy analysis and market effect factors are also presented in the study. At present, the major players in global Cryptocurrency and Blockchain market include ZEB IT Service Pvt. Ltd., Unocoin Technologies Private Limited, Coinbase, Bitstamp Ltd., Litecoin, Ripple, Coinsecure, Poloniex Inc, BitFury Group Limited, OKEX Fintech Company Limited, Bitfinex.

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