The global cryptocurrency market size reached a US$ 364.5 Billion in 2020 and expects the market to grow at a CAGR of 60.8% during 2021-2026, according to the latest research report by IMARC Group.
Report Metric
Historical: 2015-202
Base Year: 2020
Forecast Year: 2021-2026
Cryptocurrency refers to digital money protected by cryptographic systems to monitor transactions and prevent counterfeit. It operates via decentralized networks that are based on blockchain technology. It is not issued by a central authority and consequently has minimal intervention and manipulation of the government as compared to the conventional currency. As it offers enhanced transparency, inflation resistance, and divisibility, cryptocurrency is gaining immense popularity across the globe.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Global Cryptocurrency Market Trends:
The increasing penetration of the high-speed internet, in confluence with the easy accessibility to legalized virtual currencies, represents one of the key factors bolstering the growth of the market. In addition, key players are introducing mobile applications with features, such as two-factor authentications, end-to-end encryption, and online payment solutions. This, along with the rising number of websites offering cryptocurrencies and inflating income levels of individuals, is driving the market. Furthermore, the advent of bitcoin cash and lite is projected to offer lucrative growth opportunities to industry investors.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
List of cryptocurrency companies
Advanced Micro Devices Inc., Alphapoint Corporation, Bitfury Holding B.V., Coinbase Inc., Cryptomove Inc., Intel Corporation, Microsoft Corporation, Quantstamp Inc., Ripple Labs Inc. and Xilinx Inc.
The report has segmented the market on the basis of region, type, component, process and application.
Breakup by Type:
- Bitcoin
- Ethereum
- Bitcoin Cash
- Ripple
- Litecoin
- Dashcoin
- Others
Breakup by Component:
- Hardware
- Software
Breakup by Process:
- Mining
- Transaction
Breakup by Application:
- Trading
- Remittance
- Payment
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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