The global cryptocurrency market is estimated to grow at a CAGR of over 7% during the forecast period. The global cryptocurrency market is boosting due to several factors including distributed ledger technology (DLT), an increase in money orders in developing countries, high cost of cross-border remittance, fluctuations in monetary regulations, and growth in venture capital investments. Transparency of DLT is a database that can be transferred among the available networks in various geographical regions. This technology controls all its information and transactions to the users and promotes transparency that assists in minimizing transaction time into minutes and also helps the organization by saving billions.
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The technology also provides an increase in the efficiency of back-office and automation. However, this technology is decentralized to eliminate the need for a central authority or intermediary to process, validate or authentic transactions or other types of data exchanges. Commonly, these records are only created and stored in the ledger when unity has been created by the parties who are involved in the operation. Restraints factors such as uncertain regulatory status, lack of awareness and technical understanding cryptocurrency are influencing the growth and market. Few opportunities like acceptance of cryptocurrency across various industries and significant growth in emerging and developed markets.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Cryptocurrency Market Segmentation
By Offerings
- Hardware
- Software By Application
- Trading
- Remittance
- Payment
Cryptocurrency market – Segment by Region
North America
- The US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global cryptocurrency market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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