Cryptocurrency Market Competitive Intelligence and Tracking Report Till 2026

Cryptocurrency Market Competitive Intelligence and
Tracking Report Till 2026
Cryptocurrency Market research provides industry analysis by
type, manufacturer, application along with key factors influencing
the growth of the market which include growth drivers, restraints,
opportunities and challenges, strategically profile key players and
comprehensively
analyze
their
market
share
and
core
competencies.
The “Global Cryptocurrency Market, By Industry Components (Exchanges, Wallets, Payments,
Mining), By Verticals (BFSI, Retail, Media & Entertainment, Gaming industry, Healthcare, Travel &
Tourism, Transportation & Logistics, Education), and By Geography (U.S., Canada, Brazil, Mexico,
Germany, UK, France, Italy, Spain, China, India, Japan, Australia, South Korea, ASEAN countries,
GCC, Israel, South Africa) – Global Forecast to 2025” is estimated to be valued at US$ 189.9
billion in 2017 and expected to witness a CAGR of 56.2% over the forecast period (2017–
2025), as highlighted in a report published by Coherent Market Insights.
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Cryptocurrency refers to the digital currency or asset that utilizes the principles of cryptography
to ensure the security, privacy, and anonymity (in most cases) of the user. Coupled with its ease
of availability, increasing adoption and decentralized control (not coined or regulated by single
central authority), these form of electronic currencies are expected to witness exponential
growth over the forecast period.
Most common element of these hundreds of different digital currency systems is the public
ledger that is shared among the network participants and the utilization of tokens to incentivize
the participants that operate the network in the absence of centralized control. Majority of the
digital currencies are clones of bitcoins that feature distinct parameters such as the block time,
currency creation. Moreover, limited supply of these digital assets in conjunction with the
enhanced security owing to utilization of blokchain technology is expected to be the major factor
driving the growth of cryptocurrency market.
Owing to the capability of the digital transactions of providing transaction anonymity, in order to
facilitate privacy, has led to increase in the utilization of these form of currencies for criminal
activities. Moreover, an academic study conducted at the University of Florida, has referred the
digital assets as a potential means to evade the regional taxations and support illegal
transactions, as these transactions are out of the reach of the regulators and the government.
Impact of these immoral activities on the prices of the digital currencies is not determined,
however this may lead to substantial impact on the cryptocurrency market in the near future.
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Key Takeaways of the Cryptocurrency Market:
•The global cryptocurrency market is projected to witness a CAGR of 56.2% over the
forecast period, primarily owing to its distributed control and high level of security offered
by the digital assets.
•Ability of these to support smart contracts, with the significant potential to the evolution
of economic decentralization, with the limited supply or creation of these over fixed time
period will provide strong growth prospects during the forecast period
•Growing adoption of these currencies for transactions and development of regulations in
countries such as Finland, France, Germany, Japan, South Korea, Jordan, Lebanon,
Luxembourg, Spain, Sweden, Switzerland, Canada, and Mexico is expected to drive the
payment and wallets segment over the forecast period
•Among vertical segment, retail industry is expected to be the most prominent segment to
witness highest adoption. Growth of multi-retailing choices, specifically the large business
chains and the e-commerce industry are some of the major factors expected to drive the
cryptocurrency market growth
•In 2017, over 800 Bitcoin ATMs have been deployed in the U.S. alone, to improve the ease
of access to the general population. Owing to considerable increase in the utilization of
cryptocurrencies over the past few years, North America is expected to hold substantial
industry share in the near future.
•Some of the major technology vendors operating in the cryptocurrency market include
Bitfinex, BitFury Group Limited, Bitstamp Ltd., Coinbase, Coinsecure, Litecoin, OKEX
Fintech Company Limited, Poloniex Inc., Ripple, Unocoin Technologies Private Limited, and
ZEB IT Service Pvt. Ltd.
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About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering actionready syndicated research reports, custom market analysis, consulting services, and competitive
analysis through various recommendations related to emerging market trends, technologies, and
potential absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]

Global Cryptocurrency Market, By Industry Components (Exchanges, Wallets, Payments, Mining), By Verticals (BFSI, Retail, Media & Entertainment, Gaming industry, Healthcare, Travel & Tourism, Transportation & Logistics, Education), and By Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

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