Global Cryptocurrency Market, by Application (Remittance, Trading, Payment, Retail and E-Commerce),

Published Date: | Report Code : IT1958594


Availability of decentralized system and absence of fees on transactions is expected to drive the growth of cryptocurrency market during the forecast period. This has resulted some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Cryptocurrency can be termed as a virtual currency that is used as a medium of exchange and transaction which is secured and has gained much popularity in today's economic world. It uses a method called cryptography that enables a safe and secure transaction and the backend is maintained group of coders, generally of open source nature (like in Bitcoins). Most of the important transactions have now shifted to the use of cryptocurrency and a huge segment of the market is now shared by these currencies.

Growth in the number of digital transactions and availability of a much-secured transactions through cryptocurrencies are the key factors for the growth of Global Cryptocurrency Market. The absence of interest rates or exchange rates on transactions has enabled it to gain worldwide recognition and has led many people investing in this market. Many other benefits like protection from fraud, low fees, quick international transfers and non-regulation of transactions have led to the growth of global cryptocurrency Market.

Some of the key Impact Factors:

  • Secured transaction facilities

  • Availability of decentralized system and absence of fees on transactions

  • Unavailability of Government regulations

Regional Analysis:

By region, the cryptocurrency market is estimated to be dominated by North America, Western Europe, and Asia Pacific during the forecast period. With technological advancements and cluster of global companies operating in these regions, these regions hold key to the growth and development of cryptocurrency market during the forecast period. Most of the leading companies have operations in these regions to cater the potential end users in the respective region. The North America cryptocurrency market is further segmented by US, Canada, and Mexico, whereas Germany, UK, France, Italy are estimated to be some of the major markets in Western Europe. Asia Pacific region is segmented by China, Japan, South Korea, India and Australia. Middle East and Eastern Europe are estimated to be potential markets with growing demand during the forecast period. Major countries in these regions include Russia, UAE, Saudi Arabia, Israel, and others.

Companies Covered:

Market Segmentation:

By Application:

  • Remittance

  • Trading

  • E-commerce

  • Retail

  • Payment

  • Others

By Process:

  • Transaction

  • Mining

By Offering:

  • Hardware

    • GPU

    • ASIC

    • FPGA

    • Wallet

  • Software

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Application

    • By Process

    • By Offering

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Europe)

    • By Application

    • By Process

    • By Offering

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Application

    • By Process

    • By Offering

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Application

    • By Process

    • By Offering

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Application

    • By Process

    • By Offering

  • Rest of the World

    • By Region (South America, Africa)

    • By Application

    • By Process

    • By Offering

Reasons to buy this report:

  • Market size estimation of the cryptocurrency market on a regional and global basis

  • The unique research design for market size estimation and forecasts

  • Profiling of the major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market


We provide customization of the study to meet the specific requirements:

  • By segment

  • By sub-segment

  • By region/ country

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