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Cryptocurrency Market – Global Opportunities & Forecast, 2020-2027

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.<br>Visit: https://www.gmiresearch.com/report/cryptocurrency-market/<br>

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Cryptocurrency Market – Global Opportunities & Forecast, 2020-2027

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  1. Report Title Cryptocurrency Market – Global Opportunities & Forecast, 2020- 2027 GMI Research GMI Research See the Future Insights 1

  2. 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. 2

  3. 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) 3

  4. •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 oUnited States of America oCanada •Asia Pacific oChina oJapan oIndia oRest of APAC •Europe oUnited Kingdom oGermany oFrance oSpain oRest of Europe •RoW oBrazil oSouth Africa oSaudi Arabia oUAE oRest of the world (remaining countries of the LAMEA region) About GMI Research 4

  5. 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/ 5

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