Cryptocurrency Market industry valued approximately USD 294 million in 2016 is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 20172025. The major factors driving the growth are transparency and nonflexibility of distributed ledger technology, faster transaction, lesser total ownership cost, no compliance in peertopeer payments, crossborder remittance transfer, and growing usage of macro drivers.
The objective of the study is to define market sizes of different segments & countries in previous years and to forecast the values to the next eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers & restraining factors which will define the future growth of the market. Additionally, it will also incorporate the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product offerings of key players. The detailed segments and subsegment of the market are explained below:
- Ripple XRP
- PeertoPeer Payment
Rest of the World
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Furthermore, the years considered for the study are as follows:
Historical year — 2015
Base year — 2016
Forecast period — 2017 to 2025
Some of the key manufacturers involved in the market are 21 Inc., Microsoft Corp., Amazon.com, Inc., Xilinx, Inc., NVIDIA Corp., AlphaPoint Corp., Intel Corp., and BitGo. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and focuses on continuous technology innovations are also the strategies used. The companies are also trying to dominate the market by investing in research and development.
Target Audience of the Cryptocurrency Market Study
- Key Consulting Companies & Advisors
- Large, mediumsized, and small enterprises
- Venture capitalists
- ValueAdded Resellers VARs
- Thirdparty knowledge providers
- Investment bankers
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