Cryptocurrency Market

Cryptocurrency Market by Offering (Hardware: GPU, FPGA, ASIC, & Wallet, and Software), Process (Mining and Transaction), Type, Application (Trading, Remittance, Payment: Peer-to-Peer Payment, Ecommerce, and Retail), and Geography - Global Forecast to 2024

Report Code: SE 5634 Oct, 2018, by marketsandmarkets.com
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Cryptocurrency is a digital currency that uses an encryption algorithm to secure processes involved in generating coins and conducting transactions. Cryptocurrency does not have any physical representation and is not regulated by any government body or financial institution. The entire transaction is conducted online. Bitcoin was the first cryptocurrency to be developed. All other currencies developed later are referred to as alternate coins or Altcoins. Cryptocurrency is a disruptive concept that is an alternative to the fiat currency used in the present monetary system.

The cryptocurrency market was valued at USD 1.03 billion by 2019 and is projected to reach USD 1.40 billion in 2024, growing at a CAGR of 6.18% during the forecast period. Major drivers for market growth are the transparency of distributed ledger technology, high remittances in developing countries, high cost of cross-border remittance, fluctuations in monetary regulations, and growth in venture capital investments.

Cryptocurrency Market

By type, bitcoin segment to hold the largest share of the cryptocurrency market during the forecast period

Based on type, cryptocurrencies are categorized into Bitcoin and Altcoins. Bitcoin is projected to hold the largest market share during the forecast period. Growing demand for trading, compliance-free remittance, and ease of cross-border transactions are among the major factors driving the adoption of cryptocurrency. The high growth in the market for cryptocurrencies is fueled by hopes that Bitcoin would become “digital gold” and that blockchain-powered tokens would reshape industries.

By application, trading segment to register the highest CAGR during the forecast period

The market for payment is expected to grow at the highest CAGR from 2019 to 2024. Cryptocurrency payments have several advantages, such as enhanced transactional security, protection from fraud, decentralized system, low fees, and protection from consumer chargebacks, and quick international transfers. These factors aid in increasing the adoption rate of cryptocurrency.

APAC to register the largest share of the cryptocurrency market during the forecast period

APAC is expected to have the largest share in the overall cryptocurrency market during the forecast period. This market is further divided into China, Japan, South Korea, and the Rest of APAC (RoAPAC). RoAPAC includes Singapore, Malaysia, Thailand, India, Australia, and New Zealand. China is the largest market among all APAC countries. Owing to the low cost of electricity, ideal weather conditions, the presence of big mining companies, and the availability of venture capital funding, the market in China is expected to be the largest in APAC. Also, the level of awareness and knowledge of cryptocurrency is highest in Japan. The government regulations in Japan are also favorable for cryptocurrency transactions.

Cryptocurrency Market

Europe to register the second-largest share of the cryptocurrency market during the forecast period

The market in Europe comprises Germany, France, the UK, East Europe, and the Rest of Europe (RoE). After APAC, Europe is the second-largest market for cryptocurrencies. There is growing public awareness about cryptocurrency in Europe. On July 5, 2016, the European Commission suggested bringing custodian wallet providers and virtual currency exchange platforms within the scope of the Anti-Money Laundering Directive (AMLD). Under this proposal, wallet providers and virtual currency exchange platforms would be obligated to fulfill due diligence requirements and have in place policies and procedures to detect, prevent, and report money laundering and terrorist financing. The proposal defines virtual currencies as a digital representation of value that is neither issued by a central bank nor a public authority, or necessarily attached to a fiat currency, but is accepted by natural or legal persons as a means of payment and can be transferred, stored, or traded electronically.

Cryptocurrency Market

Market Dynamics

Driver: Transparency of distributed ledger technology

The issues related to lack of transparency occur when transactions take place without the knowledge of stakeholders, especially in Asian countries where several instances of fraudulent or unwanted transactions, such as deduction of scheduled charges, are frequently observed. This may be caused by human error, machine error, or data manipulation during the transaction process, and may result in customers losing vast amounts of money. Cryptocurrency transactions ensure transparency as all information related to each transaction is recorded on a distributed public ledger known as the blockchain. All changes in the blockchain can be publicly viewed by all parties, thereby offering transparency in operations. Moreover, all transactions are immutable, which means that they cannot be altered or deleted. This immutability relies on proof-of-work to secure a particular block through powerful computational capabilities and processing, which, in turn, helps auditors and facilitates financial transactions by improving data security.

Restraint: Uncertain regulatory status

The cryptocurrency market is not yet regulated. At present, the lack of regulations and the uncertainty regarding the same are among the major restraining factors for the adoption of cryptocurrency. While financial regulatory bodies across the world are working to find common standards for cryptocurrencies, regulatory acceptance remains one of the biggest challenges to the adoption of cryptocurrency. As the distributed ledger technology is still in the nascent stage, it raises several questions for regulators and policymakers at national and international levels. Due to issues in terms of standardization and interoperability, the regulatory status of cryptocurrency remains uncertain, which acts as a major restraint for the growth of this market. In September 2017, China banned Bitcoin exchanges, which has led all transactions in China to set a deadline for users to withdraw their funds. Such developments are leading to fears regarding the future of cryptocurrency.

Opportunity: Significant growth opportunities in emerging and developed markets

Emerging economies (such as India, China, and Brazil) and developed countries (such as the US, Germany, and Japan) are expected to offer significant growth opportunities for the companies operating in the cryptocurrency market. The adoption of cryptocurrency because of faster remittance transfer, low fees, and a smooth and compliance-free transaction is expected to drive the market. Remittance charges are high while transferring money to African countries from the US or the UK, where cryptocurrency can act as an alternative. Moreover, growing awareness toward cryptocurrency has led to higher adoption, especially for payments related to small contracts, salaries, and donations.

Challenge: Concern regarding security, privacy, and control

Cryptocurrency has the potential of transforming and revolutionizing compliance-free peer-to-peer and remittance transactions; however, organizations have to overcome specific challenges related to security, privacy, and control to benefit from cryptocurrency. As cryptocurrency transactions are recorded in the distributed public ledger known as the blockchain, hackers have a large attack surface to gain access to critical and sensitive information. If this public ledger is used to store confidential contract-related information or payment data, replicating the file could potentially make it easier for hackers to access it. If a key is compromised, it can be used to access the database in a hub-and-spoke model as well as in a distributed database. The potential issue of privacy on the distributed public ledger is a major challenge for the widespread deployment of cryptographic solutions.

Scope of the Report

Report Metric

Details

Market size available for years

2016–2024

Historical years considered

2016-2017

Base year considered

2018

Forecast period

2019–2024

Forecast units

USD Million/ Billion (Value)

Segments covered

Offering, Process, Type, Application, Geography

Geographies covered

North America, Europe, APAC, and RoW (Middle East, Africa and South America)

Companies covered

Bitmain (China), NVIDIA (US), Xilinx (US), Intel (US), Advanced Micro Devices (AMD) (US), Ripple (US), Bitfury (Netherlands), Ethereum Foundation (Switzerland), CoinBase (US), BitGo (US), and Binance (China)

The research report categorizes the Cryptocurrency Market to forecast the revenues and analyze the trends in each of the following sub-segments:

By Offering:

  • Hardware
  • Software

By Process:

  • Mining
  • Transaction

By Type

  • Bitcoin
  • Ethereum
  • Bitcoin Cash
  • Ripple
  • Litecoin
  • Dash
  • Others

By Application:

  • Trading
  • Remittance
  • Payment

By Geography

  • North America (US, Canada, Mexico)
  • Europe (Germany, UK, France, East Europe, Rest of Europe)
  • Asia Pacific (China, Japan, Rest of APAC)
  • Rest of the World (RoW)

Key Market Players

Bitmain (China), NVIDIA (US), Xilinx (US), Intel (US), Advanced Micro Devices (US)

Recent Developments

  • In September 2018, Intel extended its field-programmable gate array (FPGA) acceleration platform portfolio with the addition of a new Intel Programmable Acceleration Card (PAC), along with Intel Stratix 10 SX FPGA, Intel’s most powerful FPGA. This high-bandwidth card leverages the acceleration stack for Intel Xeon CPU with FPGAs that provide data center developers a robust platform to deploy FPGA-based accelerated workloads.
  • In June 2018, Bitfury expanded its global operations in Dubai, UAE. The Dubai office underscores its commitment to building a blockchain-based solution for government, companies, and institutions across the region.
  • In March 2018, NVIDIA announced a series of new technologies and partnerships that expand its potential inference market to 30 million hyper-scale servers worldwide, while dramatically lowering the cost of delivering deep learning-powered services.
  • In July 2017, Xilinx announced that Baidu had deployed Xilinx FPGA-based application acceleration services in its public cloud. The Baidu FPGA Cloud Server, a new service in Baidu Cloud, features highly efficient Xilinx Kintex FPGAs, tools, and the software needed to develop and deploy hardware-accelerated data center applications, such as machine learning and data security.
  • In June 2017, AMD collaborated with Baidu (China) to create a comprehensive and open ecosystem to address the growing demand for data center workloads and provide more intelligent human-computer interaction.

Key Questions Addressed

  • Which factors may hinder/restrain the growth of the cryptocurrency market during the forecast period? How does this report help in identifying those factors and propose potential solutions about them?
  • How is cryptocurrency influencing the transaction market?
  • How are the hardware suppliers addressing the challenge of high computing power required for cryptocurrency mining? Which software application is expected to witness the highest adoption rate in the cryptocurrency market?
  • Which regions which witness the highest adoption rate of cryptocurrencies? How will this supply and demand surge shape the national economies in these regions?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Study Objectives
    1.2 Definition
    1.3 Scope of the Study
           1.3.1 Markets Covered
           1.3.2 Years Considered
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary and Primary Research
                    2.1.1.1 Key Industry Insights
           2.1.2 Secondary Data
                    2.1.2.1 List of Major Secondary Sources
                    2.1.2.2 Secondary Sources
           2.1.3 Primary Data
                    2.1.3.1 Breakdown of Primaries
                    2.1.3.2 Primary Sources
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 34)
    4.1 Attractive Opportunities in Market
    4.2 Market for Payment, By Type
    4.3 Market for Mining, By Type
    4.4 Market in APAC, By Application and Country
    4.5 Market, By Geography

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Transparency of Distributed Ledger Technology
                    5.2.1.2 High Remittances in Developing Countries
                    5.2.1.3 High Cost of Cross-Border Remittance
                    5.2.1.4 Fluctuations in Monetary Regulations
                    5.2.1.5 Growth in Venture Capital Investments
           5.2.2 Restraints
                    5.2.2.1 Uncertain Regulatory Status
                    5.2.2.2 Lack of Awareness and Technical Understanding Regarding Cryptocurrency
           5.2.3 Opportunities
                    5.2.3.1 Significant Growth Opportunities in Emerging and Developed Markets
                    5.2.3.2 Acceptance of Cryptocurrency Across Various Industries
           5.2.4 Challenges
                    5.2.4.1 Concern Regarding Security, Privacy, and Control
                    5.2.4.2 Technical Challenges Pertaining to Scalability
    5.3 Value Chain Analysis of Market
    5.4 Key Trends in Market
           5.4.1 Ransomware Case Study
                    5.4.1.1 Technology Behind Ransomware
                    5.4.1.2 Encryption
                    5.4.1.3 Advent of Cryptocurrencies
                    5.4.1.4 Impact of Ransomware Attack
                    5.4.1.5 Decline of Ransomware
           5.4.2 Rise in Cryptocurrency Mining Malware
           5.4.3 Initial Coin Offering (Ico)
           5.4.4 Cryptography in Cryptocurrency
           5.4.5 Cryptocurrency Prices (In USD)
           5.4.6 Hardfork in Cryptocurrencies
           5.4.7 Security Token Offering
    5.5 Regulation of Cryptocurrency

6 Cryptocurrency Market, By Offering (Page No. - 51)
    6.1 Introduction
    6.2 Hardware
           6.2.1 Asic
                    6.2.1.1 Asics to Dominate the Cryptocurrency Hardware Market During the Forecast Period
           6.2.2 Gpu
                    6.2.2.1 Demand for Gpus Expected to Decrease for Cryptocurrency Mining During the Forecast Period
           6.2.3 FPGA
                    6.2.3.1 FPGA Expected to Grow at A Steady Rate in Cryptocurrency Hardware Market
           6.2.4 Wallet
                    6.2.4.1 Better Security Expected to Drive the Cryptocurrency Hardware Wallet Market During the Forecast Period
    6.3 Software
           6.3.1 Mining Platform
                    6.3.1.1 Growth in Adoption of Cryptocurrency Expected to Drive the Market for Mining Platform
           6.3.2 Coin Wallet
                    6.3.2.1 Mobile Wallet Expected to Drive Cryptocurrency Software Wallet Market
           6.3.3 Exchange
                    6.3.3.1 Exchange to Account for the Largest Share of Cryptocurrency Software Market During the Forecast Period

7 Cryptocurrency Market, By Process (Page No. - 63)
    7.1 Introduction
    7.2 Mining
           7.2.1 Solo Mining
                    7.2.1.1 Increasing Demand for High Computing Power has Led to Decline of Solo Mining
           7.2.2 Pool Mining
                    7.2.2.1 Pool Mining Expected to Account for the Largest Share of Cryptocurrency Mining Market During the Forecast Period
           7.2.3 Cloud Mining
                    7.2.3.1 Higher Profits Expected Drive Cloud Mining Market During the Forecast Period
    7.3 Transaction
           7.3.1 Exchange
                    7.3.1.1 Exchange to Dominate the Cryptocurrency Transaction Market During the Forecast Period
           7.3.2 Wallet
                    7.3.2.1 Increase in Adoption of Cryptocurrencies Expected to Drive Cryptocurrency Wallet Market

8 Cryptocurrency Market, By Type (Page No. - 75)
    8.1 Introduction
    8.2 Bitcoin
           8.2.1 Bitcoin Accounted for the Largest Market Size of Market in 2018
    8.3 Etgereum (ETH)
           8.3.1 Support for Smart Contract Expected to Drive the Market for Ethereum
    8.4 Bitcoin Cash
           8.4.1 Larger Block Size Expected to Drive the Market for Bitcoin Cash
    8.5 Ripple (XRP)
           8.5.1 Scalability, Efficiency and Low Cost Expected to Drive the Market for Ripple
    8.6 Dashcoin
           8.6.1 Features Such as Privtae Transactions, Instant Trasactions and Decentralized Governance to Drive the Market for Dash
    8.7 Litecoin (LTC)
           8.7.1 Faster Transaction as Compared to Other Major Cryptocurrencies Expected to Drive the Market for Litecoin
    8.8 Others

9 Cryptocurrency Market, By Application (Page No. - 81)
    9.1 Introduction
    9.2 Trading
           9.2.1 Trading to Lead Cryptocurrency Market Between 2018 and 2024
    9.3 Remittance
           9.3.1 Compliance-Free and Low Fees Expected to Be the Major Drivers for the Growth of Remittance in Market
    9.4 Payment
           9.4.1 Peer-To-Peer Payment
                    9.4.1.1 Peer-To-Peer Payment Expected to Grow at Highest CAGR During the Forecast Period
           9.4.2 Ecommerce and Retail
                    9.4.2.1 Growth in Number of Ecommerce Companies Accepting Cryptocurrencies as Mode of Payment to Drive the Market
           9.4.3 Media and Entertainment
                    9.4.3.1 Casinos Expected to Drive Cryptocurrency Market for Media and Entertainment
           9.4.4 Travel and Tourism
                    9.4.4.1 The Idea of Traveling With One Global Currency Expected to Drive the Market in Travel and Tourism
           9.4.5 Others

10 Geographic Analysis (Page No. - 88)
     10.1 Introduction
     10.2 North America
             10.2.1 US
                       10.2.1.1 US Accounted for the Largest Share of Market in North America
             10.2.2 Canada
                       10.2.2.1 Government’s Decision to Allow the Use of Cryptocurrency Expected to Drive the Market in Canada
             10.2.3 Mexico
                       10.2.3.1 Cryptocurrency Being Considered Legal for Eletronic Transactions is Expected to Drive the Market in Mexico
     10.3 Europe
             10.3.1 Germany
                       10.3.1.1 Favorable Government Regulations Towards Cryptocurrency is Expected to Drive the Market in Germany
             10.3.2 France
                       10.3.2.1 Reduction in Taxes on Cryptocurrency is Expected to Drive the Market in France
             10.3.3 UK
                       10.3.3.1 Legal Cryptocurrency Exchange Expected to Drive the Market in the UK
             10.3.4 East Europe
                       10.3.4.1 Companies Moving to East Europe for Mining and Exchange are the Major Factors Driving the Market in East Europe.
             10.3.5 Rest of Europe
                       10.3.5.1 Rest of Europe Expected to Lead the Market in Europe During the Forecast Period
     10.4 APAC
             10.4.1 China
                       10.4.1.1 China Accounted for the Largets Market Size in Cryptocurrency Mining in APAC
             10.4.2 Japan
                       10.4.2.1 Government’s Recognition of Exchanges as Legal is Expected to Drive the Market in Japan
             10.4.3 South Korea
                       10.4.3.1 Favorable Government Regulations Towards Cryptocurrency Expected to Drive the Market in South Korea
             10.4.4 Rest of APAC
     10.5 RoW
             10.5.1 South America
             10.5.2 Middle East and Africa

11 Competitive Landscape (Page No. - 115)
     11.1 Overview
     11.2 Ranking Analysis of Key Players in Market
     11.3 Competitive Situations and Trends
             11.3.1 Product Launches
             11.3.2 Agreements, Partnerships, Collaborations, & Contracts
             11.3.3 Acquisitions
             11.3.4 Expansion

12 Company Profiles (Page No. - 121)
(Business Overview, Products/Solutions/Service and Technology Offered, Recent Developments, SWOT Analysis, and MnM View)*
     12.1 Key Players
             12.1.1 Bitmain Technologies Ltd.
             12.1.2 NVIDIA
             12.1.3 Advanced Micro Devices, Inc.
             12.1.4 Xilinx
             12.1.5 Bitfury Group Limited
             12.1.6 Intel
             12.1.7 Ripple
             12.1.8 Ethereum Foundation
             12.1.9 Coinbase
             12.1.10 BitGo
             12.1.11 Binance
     12.2 Other Companies
             12.2.1 Canaan Creative Co., Ltd
             12.2.2 Zhejiang Ebang Communication Co.,Ltd
             12.2.3 Bitstamp Ltd
             12.2.4 Ifinex Inc.
             12.2.5 Ledger Sas
             12.2.6 Xapo
             12.2.7 Advanced Mining Technologies Inc.
             12.2.8 Alcheminer, Ltd.
             12.2.9 Upbit
             12.2.10 Shark Mining
             12.2.11 Ethereumminer.EU
             12.2.12 Pandaminer

*Details on Business Overview, Products/Solutions/Service and Technology Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 156)
     13.1 Insights From Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (69 Tables)

Table 1 Funding in Cryptocurrency Market, 2014–2018 (USD Million)
Table 2 Cryptocurrency Price, 2013–2018 (USD)
Table 3 Cryptocurrency Fork, 2017–2018
Table 4 Cryptocurrency Status By Country, 2018
Table 5 Market, By Offering, 2015–2024 (USD Million)
Table 6 Market for Hardware, By Process, 2015–2024 (USD Million)
Table 7 Market for Hardware, By Region, 2015–2024 (USD Million)
Table 8 Market, By Hardware, 2015–2024 (USD Million)
Table 9 Cryptocurrency Asic Hardware
Table 10 Market for Software, By Process, 2015–2024 (USD Million)
Table 11 Market for Software, By Region, 2015–2024 (USD Million)
Table 12 Market, By Software, 2015–2024 (USD Million)
Table 13 Market, By Process, 2015–2024 (USD Million)
Table 14 Market for Mining, By Offering, 2015–2024 (USD Million)
Table 15 Market for Mining, By Region, 2015–2024 (USD Million)
Table 16 Market for Mining in APAC, By Country, 2015–2024 (USD Million)
Table 17 Market for Mining in North America, By Country, 2015–2024 (USD Million)
Table 18 Market for Mining in Europe, By Country, 2015–2024 (USD Million)
Table 19 Market for Mining in RoW, By Region, 2015–2024 (USD Million)
Table 20 Market for Mining, By Type, 2015–2024 (USD Million)
Table 21 Market for Transaction, By Offering, 2015–2024 (USD Million)
Table 22 Market for Transaction, By Region, 2015–2024 (USD Million)
Table 23 Market for Transaction in APAC, By Country, 2015–2024 (USD Million)
Table 24 Market for Transaction in North America, By Country, 2015–2024 (USD Million)
Table 25 Market for Transaction in Europe, By Country, 2015–2024 (USD Million)
Table 26 Market for Transaction in RoW, By Region, 2015–2024 (USD Million)
Table 27 Market for Transaction, By Type, 2015–2024 (USD Million)
Table 28 Market Capitalization of Various Cryptocurrencies From 2014 to 2018 (USD Billion)
Table 29 Cryptocurrency Market, By Type , 2015–2024 (USD Million)
Table 30 Market, By Application, 2015–2024 (USD Million)
Table 31 Market for Trading, By Region, 2015–2024 (USD Million)
Table 32 Market for Remittance, By Region, 2015–2024 (USD Million)
Table 33 Market for Payment, By Region, 2015–2024 (USD Million)
Table 34 Market for Payment, By Type, 2015–2024 (USD Million)
Table 35 Market, By Region, 2015–2024 (USD Million)
Table 36 Market in North America, By Country, 2015–2024 (USD Million)
Table 37 Market in North America, By Offering, 2015–2024 (USD Million)
Table 38 Market in North America, By Process, 2015–2024 (USD Million)
Table 39 Market in North America, By Application, 2015–2024 (USD Million)
Table 40 Market in US, By Process, 2015–2024 (USD Million)
Table 41 Market in Canada, By Process, 2015–2024 (USD Million)
Table 42 Market in Mexico, By Process, 2015–2024 (USD Million)
Table 43 Market in Europe, By Country, 2015–2024 (USD Million)
Table 44 Market in Europe, By Offering, 2015–2024 (USD Million)
Table 45 Market in Europe, By Process, 2015–2024 (USD Million)
Table 46 Market in Europe, By Application, 2015–2024 (USD Million)
Table 47 Market in Germany, By Process, 2015–2024 (USD Million)
Table 48 Market in France, By Process, 2015–2024 (USD Million)
Table 49 Market in UK, By Process, 2015–2024 (USD Million)
Table 50 Market in East Europe, By Process, 2015–2024 (USD Million)
Table 51 Market in Rest of Europe, By Process, 2015–2024 (USD Million)
Table 52 Market in APAC, By Country, 2015–2024 (USD Million)
Table 53 Market in APAC, By Offering, 2015–2024 (USD Million)
Table 54 Market in APAC, By Process, 2015–2024 (USD Million)
Table 55 Market in APAC, By Application, 2015–2024 (USD Million)
Table 56 Market in China, By Process, 2015–2024 (USD Million)
Table 57 Market in Japan, By Process, 2015–2024 (USD Million)
Table 58 Market in South Korea, By Process, 2015–2024 (USD Million)
Table 59 Market in Rest of APAC, By Process, 2015–2024 (USD Million)
Table 60 Market in RoW, By Region, 2015–2024 (USD Million)
Table 61 Market in RoW, By Offering, 2015–2024 (USD Million)
Table 62 Market in RoW, By Process, 2015–2024 (USD Million)
Table 63 Market in RoW, By Application, 2015–2024 (USD Million)
Table 64 Market in South America, By Process, 2015–2024 (USD Million)
Table 65 Market in Mea, By Process, 2015–2024 (USD Million)
Table 66 Product Launches, 2015–2018
Table 67 Agreements, Partnerships, Collaborations, Contracts, and Joint Ventures, 2016–2018
Table 68 Acquisitions 2015–2018
Table 69 Expansion 2016–2018
 
 
List of Figures (46 Figures)
 
Figure 1 Research Design
Figure 2 Process Flow of Market Size Estimation
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Market for Software to Grow at Higher CAGR During 2019–2024
Figure 7 Market for Transaction to Grow at Higher CAGR During 2019–2024
Figure 8 Market for Bitcoin to Hold Largest Share During 2019–2024
Figure 9 Market for Payment to Grow at Highest CAGR During Forecast Period
Figure 10 Market in RoW to Grow at Highest CAGR During 2019–2024
Figure 11 APAC to Hold Largest Size of Market During 2019–2024
Figure 12 Peer-To Peer Payment to Dominate Cryptocurrency Market During Forecast Period
Figure 13 Market for Pool Mining to Grow at Highest CAGR From 2019 to 2024
Figure 14 Trading to Hold Largest Share of Cryptocurrency Market in APAC By 2018
Figure 15 Market in South America to Grow at Highest CAGR From 2019 to 2024
Figure 16 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 Global Remittance Flows, 2014–2019
Figure 18 Top Remittance Receivers, 2017
Figure 19 Costs of Remittances, 2017 vs 2018
Figure 20 Total Funding, 2013–2018 (USD Million)
Figure 21 Value Chain Analysis of Cryptocurrency, 2018
Figure 22 Software to Grow at Higher CAGR During Forecast Period
Figure 23 Asic to Dominate Cryptocurrency Hardware Market During Forecast Period
Figure 24 Exchange to Dominate Cryptocurrency Market for Software During Forecast Period
Figure 25 Transaction to Grow at Higher CAGR During Forecast Period
Figure 26 Pool Mining to Register Highest CAGR During Forecast Period
Figure 27 Exchange to Dominate Cryptocurrency Market for Transactional Process in APAC During Forecast Period
Figure 28 Market Capitalization of Various Cryptocurrencies From 2014 to 2018
Figure 29 Bitcoin to Dominate Cryptocurrency Market During Forecast Period
Figure 30 Payment Application to Grow at Highest CAGR During Forecast Period
Figure 31 Market in RoW to Grow at Highest CAGR From 2019 to 2024
Figure 32 APAC to Hold Largest Share of Market During Forecast Period
Figure 33 North America: Snapshot of Market
Figure 34 Mining to Hold Larger Size of Market in US During Forecast Period
Figure 35 Europe: Snapshot of Market
Figure 36 RoE to Dominate Cryptocurrency Market in Europe By 2024
Figure 37 Mining to Grow at Larger Size of Market in UK During Forecast Period
Figure 38 APAC: Snapshot of Market
Figure 39 Mining to Lead Cryptocurrency Market for Process in China During Forecast Period
Figure 40 South America to Lead Market in RoW During Forecast Period
Figure 41 Companies Adopted Product Launches as Key Growth Strategy From 2015 to 2017
Figure 42 Market: Ranking Analysis of Key Companies
Figure 43 NVIDIA: Company Snapshot
Figure 44 AMD: Company Snapshot
Figure 45 Xilinx: Company Snapshot
Figure 46 Intel: Company Snapshot

Research Design

Cryptocurrency Market

Research Resource Matrix

PERSPECTIVE

PRIMARY RESEARCH

SECONDARY RESEARCH

  • DEMAND SIDE

Interviews With:

  • Chief Information Officer
  • Purchase Managers in the Cryptocurrency Exchange
  • Cryptocurrency Industry Experts
  • Bitcoin Association
  • World Bitcoin Association
  • The UK Digital Currency Association (UKDCA)
  • BitLegal
  • The Chamber of Digital Commerce
  • Cryptocurrency Standards Association
  • The Association of Cryptocurrency Enterprises and Start-Ups, Singapore
  • Paid Databases
  • Journals
  • Press Releases
  • Annual Reports
  • Company Presentations

 

 

  • SUPPLY SIDE

 

Interviews With:

  • Chief Executive Officers
  • Vice Presidents
  • Managing Directors
  • Technology and Innovation Directors and Related Executives from various key companies and organizations operating in the Cryptocurrency Market

Market Analysis Matrix

Qualitative Analysis

Quantitative Analysis


  • Analysis of the Cryptocurrency Market based on Offering, Process, Type, Application, and Region
  • Detailed information regarding major factors influencing the growth of the market (drivers, restraints, and opportunities)
  • Analysis of the Market Value Chain
  • Ransomware Case Study
  • Analysis of Cryptocurrency Mining Malware, Initial Coin Offering (ICO), Cryptography in Cryptocurrency, Cryptocurrency Princes (in USD), Hardfork in Cryptocurrencies, Security Token Offring, Regulation in Cryptocurrency
  • Strategic analysis of the micro markets concerning individual growth trends, prospects, and contributions to the total market
  • Analysis of competitive landscape for market leaders
  • Analysis of the competitive developments such as product launches, collaborations, and acquisitions, and research & development activities in the Cryptocurrency Market
  • Profiling of key players and analysis of their market position in terms of ranking and core competencies

  • Overall Market Size and Forecast till 2024
  • Market Size and Forecast till 2024, By Offering (Hardware and Software)
  • Market Size and Forecast, till 2024, By Process (Mining, Transaction)
  • Market Size and Forecast till 2024, By Type (Bitcoin, Etherium, Bitcoin, CAsh
  • Market Size and Forecast till 2024, By Application (Trading, Remittance, Payment)
  • Geographic Market Revenue Forecast, By Offering, at regional and country level
  • Geographic Market Revenue Forecast, By Process, at regional and country level
  • Geographic Market Revenue Forecast, By Type, at regional and country Level
  • Geographic Market Revenue Forecast, By Application, at regional and country Level
Report Code
SE 5634
Published ON
Oct, 2018
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