Press Release
Global Cryptocurrency Market is Estimated to Reach $6,428 Million by 2025, Says Variant Market Research
 Published Date:  Jun 2018  Publish By: Variant Market Research

Global Cryptocurrency Market Report, published by Variant Market Research, forecast that the global market is expected to reach $6,428Million by 2025 from $533.7Million in 2017, growing at a CAGR of 36.5% from 2017 to 2025.

"Cryptocurrency Market (By Component: Hardware and Software; By Type: Bitcoin, Ripple (XRP), Ethereum, Dash Coin, Litecoin, and Other Software’s; By End User: Peer-To-Peer Payment, E-Commerce and Retail, Remittance, Media and Entertainment, and Other End Users.; By Geography: North America, Europe, Asia-Pacific and Row) Global Scenario, Market Size, Outlook, Trend and Forecast, 2016 – 2025"

To browse the complete report, visit at https://www.variantmarketresearch.com/report-categories/information-communication-technology/cryptocurrency-market

The global Cryptocurrency Market is mainly driven by easier transfer funds between two parties in a transaction.

Growing remittance in developing countries, easier transfer funds between two parties in a transaction, and highly secure compared to other transactions are the factors propelling the growth of the global cryptocurrency market. Additionally, minimal/negligible processing fee for transaction, and less time required to complete the process are also encouraging the market growth. However, uncertain regulatory status, and lack of awareness among users and concern with the rate at which a cryptocurrency are the restraints of the market. Moreover, significant growth opportunities in emerging and developed markets, and adoption of bitcoin as a cryptocurrency would unfold attractive business opportunities during the forecast period.

Market Segmentation

Component, type, end user, and geography are the segmentations of the global cryptocurrency market. On the basis of component, the market is classified into hardware and software. Moreover, hardware is sub segmented into ASIC, GPU, FPGA, wallet, other hardware’s, and software is sub segmented into blockchain, coin wallet, mining platform, and exchange. Type segment is bifurcated into bitcoin, ripple (XRP), Ethereum, dash coin, Litecoin, and other software’s. Furthermore, end user segment is categorized into peer-to-peer payment, e-commerce and retail, remittance, media and entertainment, and other end users.

The country wise analysis has been also covered under the scope of the report. North America covers the U.S., Canada, and Mexico. UK, Germany, France, Netherlands, and Rest of Europe are analyzed under the European market. China, Japan, Singapore, South Korea, and Rest of Asia-Pacific are included under the Asia-Pacific market. While RoW is bifurcated into South America, Middle East, and Africa.

Hardware, by component segment led the market with major share in 2017

 Global Cryptocurrency Market, by Component (Value%)

Hardware contributed for the majority of the market share in 2017, in the component segment, and is expected to continue itstrend during the forecast period. The reason being, hardware is mostly required for the mining purpose, and it need high computing power to validate transactions. Additionally, the booming venture capital market for cryptocurrency-based start-ups is also fueling the cryptocurrency market for the hardware segment.

Ethereum segment is witnessing the highest CAGR during the forecast period

 Global Cryptocurrency Market, by Type (Value%)

On the basis of type, Ethereumsegment expected to attain the fastest CAGR during the forecast period 2017 – 2025.The growth of the market for Ethereum is seen owing to benefits of Ethereum such as smart contract technology, electronic cash, and proof of stake.

Asia-Pacific is likely to achieve the fastest CAGRin the global cryptocurrency market

Asia-Pacific is witnessing to attain the fastest CAGR during the forecast period 2017 – 2025. China is the main contributor to the growth of the cryptocurrency market in Asia Pacific. Some of the factor propelling the market growth in china are growing public awareness, low electricity cost, and occurrence of major hardware manufacturers.

Competitive Landscape

Prominent players operating in the market include Bitcoin Project, Ripple, Ethereum Foundation, The Monero Project, Litecoin Project, Zerocoin, Tether, Factom, Steemit Inc., and Electric Coin Company, among others.

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Chapter 1 Prefix
    1.1 Market Scope
    1.2 Report Description
    1.3 Research Methodology
          1.3.1 Primary Research
          1.3.2 Secondary Research
          1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
    2.1 Global Cryptocurrency Market Year-on-Year Growth, 2017 – 2025 (%)
Chapter 3 Market Outline
    3.1 Market Inclination, Trend, Outlook and Viewpoint 
    3.2 Market Share Analysis: Company’s Competitive Scenario
    3.3 Market Dynamics
          3.3.1 Drivers
                   3.3.1.1 Impact Analysis
          3.3.2 Restraints
                   3.3.2.1 Impact Analysis
          3.3.3 Opportunities
Chapter 4 Global Cryptocurrency Market by Component: Market Size and Forecast, 2016 – 2025
    4.1 Overview
    4.2 Hardware
          4.2.1 Current Trend and Analysis
          4.2.2 Market Size and Forecast, 2016 – 2025 ($ Million)
          4.2.3 Market Size and Forecast by Region, 2016 – 2025 ($ Million)
          4.2.4 ASIC
                   4.2.4.1 Market Size and Forecast, 2016 – 2025 ($ Million)
          4.2.5 GPU
                   4.2.5.1 Market Size and Forecast, 2016 – 2025 ($ Million)
          4.2.6 FPGA
                   4.2.6.1 Market Size and Forecast, 2016 – 2025 ($ Million)
          4.2.7 Wallet
                   4.2.7.1 Market Size and Forecast, 2016 – 2025 ($ Million)
          4.2.8 Other Hardware’s
                   4.2.8.1 Market Size and Forecast, 2016 – 2025 ($ Million)
    4.3 Software
          4.3.1 Current Trend and Analysis
          4.3.2 Market Size and Forecast, 2016 – 2025 ($ Million)
          4.3.3 Market Size and Forecast by Region, 2016 – 2025 ($ Million)
          4.3.4 Blockchain
                   4.3.4.1 Market Size and Forecast, 2016 – 2025 ($ Million)
          4.3.5 Coin Wallet
                   4.3.5.1 Market Size and Forecast, 2016 – 2025 ($ Million)
          4.3.6 Mining Platform
                   4.3.6.1 Market Size and Forecast, 2016 – 2025 ($ Million)
          4.3.7 Exchange
                   4.3.7.1 Market Size and Forecast, 2016 – 2025 ($ Million)
Chapter 5 Global Cryptocurrency Market by Type: Market Size and Forecast, 2016 – 2025
    5.1 Overview
    5.2 Bitcoin
          5.2.1 Current Trend and Analysis
          5.2.2 Market Size and Forecast, 2016 – 2025 ($ Million)
          5.2.3 Market Size and Forecast by Region, 2016 – 2025 ($ Million)
    5.3 Ripple (XRP)
          5.3.1 Current Trend and Analysis
          5.3.2 Market Size and Forecast, 2016 – 2025 ($ Million)
          5.3.3 Market Size and Forecast by Region, 2016 – 2025 ($ Million)
    5.4 Ethereum
          5.4.1 Current Trend and Analysis
          5.4.2 Market Size and Forecast, 2016 – 2025 ($ Million)
          5.4.3 Market Size and Forecast by Region, 2016 – 2025 ($ Million)
    5.5 Dash Coin
          5.5.1 Current Trend and Analysis
          5.5.2 Market Size and Forecast, 2016 – 2025 ($ Million)
          5.5.3 Market Size and Forecast by Region, 2016 – 2025 ($ Million)
    5.6 Litecoin
          5.6.1 Current Trend and Analysis
          5.6.2 Market Size and Forecast, 2016 – 2025 ($ Million)
          5.6.3 Market Size and Forecast by Region, 2016 – 2025 ($ Million)
    5.7 Other Types
          5.7.1 Current Trend and Analysis
          5.7.2 Market Size and Forecast, 2016 – 2025 ($ Million)
          5.7.3 Market Size and Forecast by Region, 2016 – 2025 ($ Million)
Chapter 6 Global Cryptocurrency Market by End User: Market Size and Forecast, 2016 – 2025
    6.1 Overview
    6.2 Peer-To-Peer Payment
          6.2.1 Current Trend and Analysis
          6.2.2 Market Size and Forecast, 2016 – 2025 ($ Million)
          6.2.3 Market Size and Forecast by Region, 2016 – 2025 ($ Million)
    6.3 E-Commerce and Retail
          6.3.1 Current Trend and Analysis
          6.3.2 Market Size and Forecast, 2016 – 2025 ($ Million)
          6.3.3 Market Size and Forecast by Region, 2016 – 2025 ($ Million)
    6.4 Remittance
          6.4.1 Current Trend and Analysis
          6.4.2 Market Size and Forecast, 2016 – 2025 ($ Million)
          6.4.3 Market Size and Forecast by Region, 2016 – 2025 ($ Million)
    6.5 Media and Entertainment
          6.5.1 Current Trend and Analysis
          6.5.2 Market Size and Forecast, 2016 – 2025 ($ Million)
          6.5.3 Market Size and Forecast by Region, 2016 – 2025 ($ Million)
    6.6 Other End Users
          6.6.1 Current Trend and Analysis
          6.6.2 Market Size and Forecast, 2016 – 2025 ($ Million)
          6.6.3 Market Size and Forecast by Region, 2016 – 2025 ($ Million)
Chapter 7 Global Cryptocurrency Market by Geography: Market Size and Forecast, 2016 – 2025
    7.1 Overview
          7.1.1 Global Cryptocurrency Market Year-on-Year Growth, by regions 2017 – 2025 (%)
    7.2 North America
          7.2.1 Current Trend and Analysis
          7.2.2 Market Size and Forecast, 2016 – 2025 ($ Million)
          7.2.3 U.S.
                   7.2.3.1 Market Size and Forecast, 2016 – 2025 ($ Million)
          7.2.4 Canada
                   7.2.4.1 Market Size and Forecast, 2016 – 2025 ($ Million)
          7.2.5 Mexico
                   7.2.5.1 Market Size and Forecast, 2016 – 2025 ($ Million)
    7.3 Europe
          7.3.1 Current Trend and Analysis
          7.3.2 Market Size and Forecast, 2016 – 2025 ($ Million)
          7.3.3 UK
                   7.3.3.1 Market Size and Forecast, 2016 – 2025 ($ Million)
          7.3.4 France
                   7.3.4.1 Market Size and Forecast, 2016 – 2025 ($ Million)
          7.3.5 Germany
                   7.3.5.1 Market Size and Forecast, 2016 – 2025 ($ Million)
          7.3.6 Netherlands
                   7.3.6.1 Market Size and Forecast, 2016 – 2025 ($ Million)
          7.3.7 Rest of Europe
                   7.3.7.1 Market Size and Forecast, 2016 – 2025 ($ Million)
    7.4 Asia-Pacific
          7.4.1 Current Trend and Analysis
          7.4.2 Market Size and Forecast, 2016 – 2025 ($ Million)
          7.4.3 Japan
                   7.4.3.1 Market Size and Forecast, 2016 – 2025 ($ Million)
          7.4.4 China
                   7.4.4.1 Market Size and Forecast, 2016 – 2025 ($ Million)
          7.4.5 Singapore
                   7.4.5.1 Market Size and Forecast, 2016 – 2025 ($ Million)
          7.4.6 South Korea
                   7.4.6.1 Market Size and Forecast, 2016 – 2025 ($ Million)
          7.4.7 Rest of Asia-Pacific
                   7.4.7.1 Market Size and Forecast, 2016 – 2025 ($ Million)
    7.5 RoW
          7.5.1 Current Trend and Analysis
          7.5.2 Market Size and Forecast
          7.5.3 South America
                   7.5.3.1 Market Size and Forecast, 2016 – 2025 ($ Million)
          7.5.4 Middle East
                   7.5.4.1 Market Size and Forecast, 2016 – 2025 ($ Million)
          7.5.5 Africa
                   7.5.5.1 Market Size and Forecast, 2016 – 2025 ($ Million)
Chapter 8 Company Profiles
    8.1 Bitcoin Project
    8.2 Ripple
    8.3 Ethereum Foundation
    8.4 The Monero Project
    8.5 Litecoin Project
    8.6 Zerocoin
    8.7 Steemit Inc.
    8.8 Electric Coin Company
    8.9 Tether
    8.10 Factom

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