Cryptocurrency Global Market Accretes Up To USD 51 Billion By 2023 At 14% of CAGR

Cryptocurrency Market
Cryptocurrency Market, By Type (Bitcoin, Ethereum, Litecoin, Zcash, Dash, Monero, Ripple, Others), By End-User (Individuals, SMEs, Large Enterprises, Others) – Forecast 2023

Market Summary:

Cryptocurrency is a digital asset designed to work as a medium of exchange using Cryptography. Cryptocurrency is basically a part of digital currency or a subgroup of digital currency however it differs in characteristics from digital currency in case of (central) issuance and circulation. For instance; Cryptocurrency’s circulation is not limited to certain group, geographical locations, community or without any restrains of currencies (Sanction limit etc.) or the issuance and circulation is also doesn’t depend upon the organizations that issue Cryptocurrency. It has become the most talked topic in the Finance Fraternity.

The Global Cryptocurrency Market is growing with the rapid pace; mainly due to the pressing need to enable more fluid cash flows across borders to service increasingly internationalized industries coupled with the growing number of adroit consumers who appreciate the added security of mobile payment systems.

According to a recent study report published by the Market Research Future, The global market of Cryptocurrency is booming and expected to gain prominence over the forecast period. The global Cryptocurrency market is projected to raise up to USD 51 Billion by 2023, at a whooping double digit CAGR of 14 % between 2017 and 2023. 

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Market Research Future (MRFR) recognizes the following companies as the key players in the cryptocurrency market are-

37Coins (U.S.),

Airbitz (U.S.),

Bips (Denmark),

Bitcoin Suisse (Switzerland),

Bitgo (U.S.),

Bitwala (Germany),

Bitway (U.S.),

Bitgo (U.S.),

Bitinstant (U.S.),

Coincheck (Japan),

Gatecoin (Hong Kong)

Commenting on the report, an analyst from Market Research Future (MRFR)’s team said: 

The Global Cryptocurrency Market appears to highly competitive yet consolidated. Players operating in the global Cryptocurrency markets are focusing upon optimized situational awareness for customers and ensure their mission success. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period.

Potential growth opportunities that market is currently demonstrating is likely to attract many new entrants which is anticipated to intensify the market completion to the next level.  Apple is pretty close to launching its promised Apple Pay Cash service, it will be apple’s prominent step toward building its own kind of multinational cryptocurrency.

During 2017, following the outstanding performance of Bitcoin along with the several other Cryptocurrencies; a numerous market players too observed phenomenal rises in their share values.

Nov 7, 2017 – VanEck (US) announced it’s partnership with a data firm CryptoCompare (UK) to launch the Cryptocurrency Price Indices, focusing on specific cryptocurrencies that trace the movements of multiple assets such as Bitcoin, Ether among other. The indices are being managed through MV Index Solutions, a company owned by VanEck.

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For the convenience of the report and enhanced understanding; MRFR has segmented the study report – The Cryptocurrency Market in to 3 key dynamics –

Segmentation By Type                : Comprises Ethereum, Litecoin, Zcash, Dash, Monero, Ripple Bitcoin and other.

Segmentation By End User: Comprises Individuals, SMEs, Large Enterprises, and Others and other. 

Segmentation By Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.

Table of Content

1    Market Introduction

      1.1    Introduction   

      1.2    Scope Of Study

            1.2.1    Research Objective

            1.2.2    Assumptions

            1.2.3    Limitations

      1.3    Market Structure

2    Research Methodology

      2.1    Research Type

      2.2    Primary Research

      2.3    Secondary Research

      2.4    Forecast Model

            2.4.1    Market Data Collection, Analysis & Forecast

            2.4.2    Market Size Estimation

3    Market Dynamics


List Of Tables

Table 1     Cryptocurrency Market, By Type

Table 2     Cryptocurrency Market, By End-User

Table 3     Cryptocurrency Market, By Region

Table 4     North America Cryptocurrency Market, By Type


List Of Figures

Figure 1    Research Type

Figure 2    Image Sensormarket: By Type (%)

Figure 3    Image Sensormarket: By End-User (%)

Figure 4    Image Sensormarket: By Region (%)


About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.


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