Global cryptocurrency market depicts a consolidated landscape owing to The presence of fewer number of players. Major players are investing towards increasing adoption of cryptocurrency for payment, notes TMR. To achieve this, players are focusing on the development of payment gateways and platforms for payment processes. Along with this, players are undertaking collaborations, mergers and product launches to strengthen their market position. Some of the prominent players operating in the global cryptocurrency market are Bitmain, Xilinx, NVIDIA, Intel, Ripple Labs, Advanced Micro Devices, Ethereum Foundation, Coinbase, Bitfury Group, and BitGo.
Get PDF Brochure for Research Insights at: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=38240
On the basis of component type, the hardware segment is likely to dominate the global market during the forecast period. Based on geography, Europe is likely to account for a larger market share in the forecast period. This is mainly due to the existence of numerous cryptocurrency mining pools in the region.
Cryptocurrency Market to Expand Owing to Faster Transaction Ability
Cryptocurrency market is growing mainly because of the ongoing revolution in the digital payment system. Cryptocurrency has helped overcome major restraint in traditional currency system such as faster cross border remittance and easy interbank transaction. Consumers across the globe are adopting cruptocurrency because it help them transact easily and it does not require any intermediary process and truncation fees. Thus helping streamline international payment process. Major financial bodies are also inclining towards cryptocurrency as it helps them save on labor-intensive procedures. Apart from this, payment through cryptocurrency has several other advantages such as enhanced transactional security, protection from fraud, decentralized system, low fees, protection from consumer chargebacks, and quick international transfers.
Request a Sample of Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=38240
Uncertainly over Credibility of Cryptocurrency may Hinder Growth
Cryptocurrency market in several developing regions has not taken any definite shape. It is mainly because of the ambiguity among consumers regarding authenticity of cryptocurrency. In fact, trade in cryptocurrency is banned in several developing region. This is mainly because of the lack of awareness and technical understanding of cryptocurrency. This restricts investment by companies in cryptocurrency as it is decentralized and has an uncertain regulatory status. Apart from this, end users do not know benefits of cryptocurrency and that is the reason it not widely adopted. Cryptocurrency mainly run on cryptographic algorithms across a vast network of independent computers. Therefore, a sound technical knowledge of the complete ecosystem is required to explore the benefits of cryptocurrency in use cases.
Have Any Query? Ask Our Industry Expert: https://www.transparencymarketresearch.com/sample/sample.php?flag=ASK&rep_id=38240
However the cryptocurrency market depicts a lucrative avenue throughout the forecast period. This is mainly because of the increasing interests of entrepreneurs, start-ups, and large as well as small and medium-sized enterprises (SMEs. Owing to these factors, the crytocurrency market could attracted extensive venture funding from key players in future, thus presenting a ray of hope for its growth
The information presented in this review is based on a Transparency Market Research report, titled, ‘Cryptocurrency Market (Component – Hardware (FPGA, GPU, ASIC, and Wallet), Software (Mining Platform, Blockchain, Coin Wallet, Exchange); Type – Bitcoin, Ethereum, Ripple (XRP), Litecoin, and Dashcoin) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2025.’
Request for Discount on This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=38240
The Global Cryptocurrency Market is segmented based on:
o Mining Platform
o Coin Wallet
- Ripple (XRP)
- North America
o The U.S.
o Rest of North America
o The U.K.
o Rest of Europe
- Asia Pacific
o Rest of Asia Pacific
- Middle East and Africa (MEA)
o South Africa
o Rest of Middle East and Africa
- South America
o Rest of South America
Browse More IT & Telecom Market Research Reports
Popular Report by TMR:
- Multi-site Control Systems Market – https://www.transparencymarketresearch.com/multisite-control-systems-market.html
- Operator Terminals Market – https://www.transparencymarketresearch.com/operator-terminals-market.html
- Optical Digitizer & Scanner Market – https://www.transparencymarketresearch.com/optical-digitizer-scanner-market.html
- Portable Barcode Scanners Market – https://www.transparencymarketresearch.com/portable-barcode-scanners-market.html
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.’
Mr. Rohit Bhisey
Transparency Market Research
90 State Street,
Albany, NY – 12207
USA – Canada Toll Free: 866-552-3453
ALBANY, New York, March 11, 2019 /PRNewswire/ — According to Transparency Market Research, the global Cryptocurrency market was noted at a valuation of US$574.3 mn in the year 2017. The market is anticipated to expand at an impressive CAGR of 31.3% during 2017 to 2025. Rising at this CAGR, the global cryptocurrency market is projected to reach at a valuation of US$6702.1 mn by the end of furcate period.