Cryptocurrency Market Assessments and Industry Insights, Trends, Analysis Report 2017

The Cryptocurrency Market is expected to grow at a CAGR of 32.31% between 2017 and 2023. The Cryptocurrency Market is growing and the experts have predicted the future stats of Cryptocurrency. Cryptocurrency Market report contains the top corporate profiles and strategies with industry analysis and trends.

Complete report is now available on Cryptocurrency Market by Offering (Hardware: GPU, FPGA, ASIC, Storage & Wallet; and Software), Process (Mining and Transaction), Type, End User (Peer–to-Peer Payment, Remittance, E-Commerce, and Retail), and Geography – Global Forecast to 2023 at http://www.rnrmarketresearch.com/cryptocurrency-market-by-offering-hardware-gpu-fpga-asic-storage-wallet-and-software-process-mining-and-transaction-type-end-user-peer-to-peer-payment-remittance-e-commerce-and-retail-and-geogr-st-to-2023-market-report.html

The cryptocurrency market was valued at USD 541.0 million in 2017 and is expected to reach USD 2,902.0 million by 2023, at a CAGR of 32.31% between 2017 and 2023. The growing remittance in developing countries, high cost of remittance across the border, and fluctuating monetary regulations are the major drivers for the growth of the cryptocurrency market. The growth of the cryptocurrency market is further propelled by the transparency and immutability of the distributed ledger technology and benefits such as faster transaction and reduction in total ownership cost. However, the uncertain regulations and standards pertaining to cryptocurrency restrain the growth of this market.

Mining is an integral process for the generation, transmission, and validation of transactions in cryptocurrencies. Whenever a transaction takes place and is validated, miners collect these transactions and include them into the block they are currently solving. Every block has to be solved before being broadcast and added to the block chain. The solving of a block involves the use of hardware to solve mathematical puzzles that are difficult to crack.

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Break of primary participants in Cryptocurrency Market was as mentioned below:

By Company Type: Tier 1—40%, Tier 2—20%, and Tier 3—40%

By Designation: C-Level Executives—40%, Directors—40%, and Others (Sales, Marketing, and Product Managers)—20%

By Region: North America—40%, Europe—40%, APAC—10%, and RoW—10%

Major players of Cryptocurrency Market Report are:

The companies covered in the cryptocurrency market are Intel Corporation (US), NVIDIA Corporation (US), Microsoft Corporation (US), Xilinx, Inc. (US), Advanced Micro Devices, Inc. (US), Alpha Point Corporation (US), Amazon.com, Inc.  (US), Bit Go,  (US), BTL Group Ltd.(Block chain Tech) (Canada), Bit Fury Group(US), Coin base UK, Ltd. (US), 21 Inc. (US), and Ripple Labs Inc. (US).

FAQ’s regarding the Cryptocurrency Market Report are:

Market Penetration of Cryptocurrency Market Report:
Comprehensive information on the product portfolios of the top players in the Cryptocurrency market

Product Development/Innovation of Cryptocurrency Market Report:
Detailed insights on the upcoming technologies, R&D activities, and product launches in the Cryptocurrency market

Competitive Assessment of Cryptocurrency Market Report:
In-depth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the Cryptocurrency market

Market Development of Cryptocurrency Market Report:
Comprehensive information about emerging markets. This report analyzes the market for various Cryptocurrency products across geographies

Market Diversification of Cryptocurrency Market Report:
Exhaustive information about new products, untapped geographies, recent developments, and investments in the Cryptocurrency market

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The Ethereum block chain focuses on running the programming code of any decentralized application, including Distributed Applications (DApps) and smart contracts, enabling it to be built and run without any downtime, fraud, control, or interference from a third party. The advantages offered by Ethereum over bit coin, such as electronic cash, smart contract technology, and proof-of-stake, are expected to drive the growth of the market for Ethereum.

Because of the low cost of electricity, suitable climate (especially in Northern China), presence of big electronics manufacturing units, and availability of venture capital funding, the market in China is expected to grow at the highest rate during the forecast period. Besides, Japan has the highest level of awareness and knowledge of cryptocurrency. The government regulations in Japan are also favorable for cryptocurrency transactions. All these factors would help drive the growth of the market in APAC at the highest CAGR during the forecast period.

On an unrelated note, another research titled with Universal Flash Storage Market by Capacity (32 GB, 64 GB, 128 GB, 256 GB, 512 GB), Configuration, End Use (Automotive Electronics, Digital cameras, Gaming Consoles, High-Resolution Displays, Smartphones), Application, and Geography – Global Forecast to 2023. The universal flash storage market is estimated to grow from USD 3.59 billion in 2017 and is estimated to reach USD 9.97 billion by 2023, at a CAGR of 18.6% during 2017–2023. Now available at http://www.rnrmarketresearch.com/universal-flash-storage-market-by-capacity-32-gb-64-gb-128-gb-256-gb-512-gb-configuration-end-use-automotive-electronics-digital-cameras-gaming-consoles-high-resolution-displays-smartphones-applicatio-st-to-2023-market-report.html  

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