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
The overall cryptocurrency market is projected to reach USD 1.40 billion by 2024, at a CAGR of 6.18% during the forecast period. A cryptocurrency is a digital currency created and stored electronically in blockchain. It uses encryption techniques to control the creation of monetary units and to verify the transfer of funds. Hence, it is very secure. Cryptocurrency is a disruptive concept that is an alternative to fiat currency used in the present monetary system. Entrepreneurs, start-ups, and large as well as small and medium-sized enterprises (SMEs) are taking an interest in cryptocurrency and find it a revolutionary concept to counter transactional compliances. Owing to these factors, the ecosystem has attracted extensive venture funding, collaborations, and partnerships among cryptocurrency solutions vendors to provide end-to-end solutions. The base year considered for the study is 2017, and the forecast has been provided for the period from 2019 to 2024.
Market Dynamics
Drivers
- Transparency of distributed ledger technology
- High remittances in developing countries
- High cost of cross-border remittance
- Fluctuations in monetary regulations
- Growth in venture capital investments
Restraints
- Uncertain regulatory status
- Lack of awareness and technical understanding regarding cryptocurrency
Opportunities
- Significant growth opportunities in emerging and developed markets
- Acceptance of cryptocurrency across various industries
Challenges
- Concern regarding security, privacy, and control
- Technical challenges pertaining to scalability
Use of cryptocurrency in payment application drives global cryptocurrency market
The market for payment through cryptocurrency is likely to register the highest growth during the forecast period. The payment through cryptocurrency has several advantages such as enhanced transactional security, protection from fraud, decentralized system, low fees, protection from consumer chargebacks, and quick international transfers. Moreover, a large number of players are investing in developing payment gateways and platform for the payment process of their currencies, thereby increasing adoption of cryptocurrency for the payment.
The following are the major objectives of the study.
- To describe and forecast the market, in terms of value, by offering, process, types, and application
- To describe and forecast the market, in terms of value, by region—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- To provide detailed information regarding major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the overall market
- To profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing competitive landscape for market leaders
- To analyze the competitive developments such as joint ventures, mergers and acquisitions, product developments, and ongoing research and development (R&D) in the market
- To provide the illustrative segmentation, analysis, and projection of the main regional markets
During this research study, major players operating in the cryptocurrency market in various regions have been identified, and their offerings, regional presence have been analyzed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Factiva, along with primary respondents. The entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) pertaining to the market. The figure below shows the breakdown of the primaries on the basis of the company type, designation, and region considered during the research study.
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The value chain of the market includes research and product development; design commission; hardware and software provider; testing; integrators; final product; and end user. Key players exist in this value chain of the cryptocurrency market include Bitmain (China), NVIDIA (US), Xilinx (US), Intel (US), Advanced Micro Devices (US), Ripple Labs (US), Ethereum Foundation (Switzerland), Bitfury Group (Netherlands), Coinbase (US), BitGo (US), and Binance Holdings (China).
Major Market Developments
- In May 2016, Bitmain launched Antminer S9, which is the world’s first commercially available Bitcoin miner based on a 16nm process chip.
- In December 2017, NVIDIA introduced TITAN V, the world’s most powerful GPU for PC, driven by the world’s most advanced GPU architecture, NVIDIA Volta. TITAN V excels at computational processing for scientific simulation. Its 21.1 billion transistors deliver 110 teraflops of raw horsepower, 9 times that of its predecessor, and extreme energy efficiency.
- In February 2018, AMD launched EPYC Embedded 3000 series processor and AMD Ryzen Embedded V1000 processor that deliver high performance, exceptional integration, and on-chip security.
Target Audience:
- Cryptocurrency companies
- Wallets companies
- Cryptocurrency exchanges
- Semiconductor and electronics manufacturers
- Software solutions providers companies
- Banking and finance organizations
- Ecommerce companies
- Research organizations and financial consulting companies
- Angel investors, venture capitalists, private equity firms, and start-up companies
- Market research companies
Report Scope
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
- Europe
- Asia Pacific (APAC)
- Rest of the World (RoW)
Critical questions which the report answers
- 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 is most used for cryptocurrency?
Available Customizations:
Based on the given market data, MarketsandMarkets offers customizations in the reports as per the client’s specific requirements. The available customization options are as follows:
Geographic Analysis
- Further country-wise breakdown of the market for all 4 regions based on various applications
Company Information
- Detailed analysis and profiling of additional market players (Up to 5)
The overall cryptocurrency market is projected to reach USD 1.40 billion by 2024, at a CAGR of 6.18% during 2019–2024.
Based on process, the market has been segmented into mining and transaction. In the mining process, there is a greater requirement for hardware compared with the transaction process. Therefore, the market for hardware for mining process is larger than that for software. Furthermore, a miner can take part in this process with a small investment. In addition, the major hardware vendors such as NVIDIA, Intel, and AMD have started offering mining hardware. Moreover, many start-ups such as Bitfury, GateHub (UK), and Bitmine provide application-specific hardware solutions for cryptocurrency mining. The booming venture capital market for cryptocurrency-based start-ups is driving the market for the mining process.
In cryptocurrency, ASICs are gradually being preferred by miners. These ASIC machines mine at an extraordinary speed while consuming much less power than FPGA or GPU mining rigs. Several reputed companies, such as Bitmain, Avalon, and Innosilicon Technologies, offer highly efficient ASIC products. ASICs are cryptocurrency mining hardware created solely to solve cryptocurrency blocks. They have only minimal requirements for other computer applications. ASIC Bitcoin mining systems can solve Bitcoin blocks much quicker and use lesser electricity or power than other mining hardware, such as FPGAs.
The market for mining has been further segmented into solo mining, pool mining, and cloud mining. Pool mining is the most cost-effective process and gives the opportunity to earn more than other processes. Therefore, the pool mining segment is likely to register growth at the highest CAGR during the forecast period.
The market in APAC is expected to hold the largest market during the forecast period. APAC is notable for its high adoption of cryptocurrency. This is attributed to the low cost of electricity in China and early adoption of cryptocurrency in Japan. China is the largest market among all APAC countries. Owing to the low cost of electricity, ideal weather conditions, presence of big mining companies, such Bitmain, Canaan Creative CO., LTD, and Ebang Communication, and availability of venture capital funding, the market in APAC is expected to be the largest for cryptocurrency.
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Cryptocurrency is used for various applications, such as trading, remittance, and payment. These applications drive the market for cryptocurrencies.
Trading
Cryptocurrency trading involves exchanging fiat currency with crypto, as well as exchanging, buying, and selling of cryptocurrencies. It endures a few similarities of foreign exchange (forex) wherein fiat currencies from across the world are traded 24 hours a day. The number of cryptocurrencies has increased exponentially; currently, there are more than 1,500 cryptocurrencies available. A few of these coins can only be acquired using major cryptocurrencies such as Bitcoin or Ethereum. To contribute to initial coin offerings (ICOs), one needs to perform trades or use a blockchain company’s services.
Remittance
Cryptocurrency has helped overcome a few key challenges related to interbank transaction and compliance-free cross-border remittance that financial systems had faced over the years. While interbank transactions often take days for clearance and settlements, cryptocurrency transactions can be accomplished within a much shorter time. Faster transaction and settlement can help consumers to transact more easily while eliminating the need for paying fees to intermediaries to streamline the processes. This can help banks save on labor-intensive procedures with their customers and exchanges.
Payment
A large number of players are investing in developing payment gateways and platform for the payment process of their currencies. When a customer makes a purchase using a cryptocurrency as payment, the transaction often goes through the payment gateway at a fixed exchange rate and automatically converts to traditionally recognized fiat currency so the merchant can avoid the volatility of the cryptocurrency markets. The payment through cryptocurrency has several advantages such as enhanced transactional security, protection from fraud, decentralized system, low fees, protection from consumer chargebacks, and quick international transfers.
Critical questions the report answers:
- Where will all these developments take the industry in the mid and long term?
- What are the upcoming industry applications for cryptocurrency?
- Will the exchanges continue to explore new avenues for cryptocurrency?
The lack of awareness and technical understanding regarding cryptocurrency is a major factor restraining the growth of the market. End users in most verticals do not know about the benefits of cryptocurrency and also lack understanding of how it works. This restricts the investment by companies in cryptocurrency as it is decentralized and has an uncertain regulatory status. As cryptocurrency is not widely adopted by investors, public, and entrepreneurs, its potential for transforming transaction processes has not yet been realized. Cryptocurrency uses cryptographic algorithms running across a vast network of independent computers. Therefore, sound technical knowledge about the related technology is crucial to explore the benefits of cryptocurrency in use cases.
Key players in the market include Bitmain (China), NVIDIA (US), Xilinx (US), Intel (US), Advanced Micro Devices (US), Ripple Labs (US), Ethereum Foundation (Switzerland), Bitfury Group (Netherlands), Coinbase (US), BitGo (US), and Binance Holdings (China). These players are increasingly undertaking partnerships and collaborations, and product launches to develop and introduce new products in the market.
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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
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