Posted By Coherent Market Insights
Posted on September 24, 2021
United States/WA: The global Cryptocurrency market is estimated to account for US$ 6.716 Trillion by 2025
Report Pages:[172 Pages]
The Competitive Area of the Cryptocurrency Market is Defined by Key Players Like:- 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.
Cryptocurrency market witnessing strong growth in North America
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 Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ XX million in 2021 and is expected to exhibit a CAGR of XX% over the forecast period (2021-2028), as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Cryptocurrency also called a cryptosystem, is simply the digital data structured to function as a standardized medium of currency whereby computerized private ledger data is stored in a decentralized manner in a distributed ledger system. The ledger in this case would be a peer-to-peer network of computers, all of which are connected via the Internet and each transmitting transactions to other participants in the network by way of messages in the form of codes. This
network, called a Cryptocurrency, has no known restrictions in terms of size since it can exist in any size as long as it meets the basic requirements that are essential for its operation. The most basic requirement is that it must be protected from tampering by outside sources. With such a feature, this type of Cryptocurrency is able to provide an environment in which all participants in the network can agree on the set of standards that dictate the behavior of all Cryptocurrency participants.
Competitive Landscape:
Bitfinex, BitFury Group, Limited, Coinbase, Bitstamp Ltd., Coinsecure, OKEX Fintech Company Limited, Litecoin, Poloniex Inc., Unocoin, Technologies Private Limited, Ripple, and ZEB IT Service Pvt. Ltd.
Key Market Drivers:
Improved security and a limited supply of these digital assets is driving growth of the cryptocurrency market. Moreover, growing adoption of blockchain technology is again fostering growth of the market. In PwC’s 2018 survey of 600 executives from 15 territories, 84% say their organizations have at least some involvement with blockchain technology. Blockchain will generate an annual business value of more than US $3 trillion by 2030.
Expanding multi-retailing including e-commerce industry is also projected to foster growth of the market. According to the India Brand Equity Foundation, e-commerce has transformed the way business is done in India. The Indian E-commerce market is expected to grow to US$ 200 billion by 2026 from US$ 38.5 billion as of 2017.
Request a sample copy of the report to understand the structure of the complete report:
https://www.coherentmarketinsights.com/insight/request-sample/927
Covid-19 Impact Analysis
The global COVID-19 pandemic has severely hampered business and thus impacted sustained economic development in countries. However, it led to economic uncertainty after containment measures to mitigate the spread of the COVID-19 virus. While bitcoin witness a surge in demand during 2020 in the financial market owing to the low-interest rate in the market. This has increased the usage of bitcoin to hedge against recent inflation owing to the pandemic.
Key Takeaways:
-
The Cryptocurrency market is expected to exhibit a CAGR of XX % over the forecast period, due to high level of security and distributed control of digital assets. Also, increasing adoption of these currencies to support smart contracts and for transactions is again driving growth of the market.
-
North America is expected to hold a dominant position in the market owing to the high utilization of cryptocurrency in countries such as the US and Canada. A report from Gemini, a cryptocurrency exchange, 14% of American adults — roughly 21 million people — own cryptocurrency.
Go Through Our Trusted Clients List: https://www.coherentmarketinsights.com/trusted-by
People Also Search For Following Reports:
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]
The post Cryptocurrency market witnessing strong growth in North America appeared first on Gatorledger.
United States/WA: The global Cryptocurrency market is estimated to account for US$ 6.716 Trillion by 2025
Report Pages:[172 Pages]
The Competitive Area of the Cryptocurrency Market is Defined by Key Players Like:- 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.
Cryptocurrency market witnessing strong growth in North America
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 Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ XX million in 2021 and is expected to exhibit a CAGR of XX% over the forecast period (2021-2028), as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Cryptocurrency also called a cryptosystem, is simply the digital data structured to function as a standardized medium of currency whereby computerized private ledger data is stored in a decentralized manner in a distributed ledger system. The ledger in this case would be a peer-to-peer network of computers, all of which are connected via the Internet and each transmitting transactions to other participants in the network by way of messages in the form of codes. This
network, called a Cryptocurrency, has no known restrictions in terms of size since it can exist in any size as long as it meets the basic requirements that are essential for its operation. The most basic requirement is that it must be protected from tampering by outside sources. With such a feature, this type of Cryptocurrency is able to provide an environment in which all participants in the network can agree on the set of standards that dictate the behavior of all Cryptocurrency participants.
Competitive Landscape:
Bitfinex, BitFury Group, Limited, Coinbase, Bitstamp Ltd., Coinsecure, OKEX Fintech Company Limited, Litecoin, Poloniex Inc., Unocoin, Technologies Private Limited, Ripple, and ZEB IT Service Pvt. Ltd.
Key Market Drivers:
Improved security and a limited supply of these digital assets is driving growth of the cryptocurrency market. Moreover, growing adoption of blockchain technology is again fostering growth of the market. In PwC’s 2018 survey of 600 executives from 15 territories, 84% say their organizations have at least some involvement with blockchain technology. Blockchain will generate an annual business value of more than US $3 trillion by 2030.
Expanding multi-retailing including e-commerce industry is also projected to foster growth of the market. According to the India Brand Equity Foundation, e-commerce has transformed the way business is done in India. The Indian E-commerce market is expected to grow to US$ 200 billion by 2026 from US$ 38.5 billion as of 2017.
Request a sample copy of the report to understand the structure of the complete report:
https://www.coherentmarketinsights.com/insight/request-sample/927
Covid-19 Impact Analysis
The global COVID-19 pandemic has severely hampered business and thus impacted sustained economic development in countries. However, it led to economic uncertainty after containment measures to mitigate the spread of the COVID-19 virus. While bitcoin witness a surge in demand during 2020 in the financial market owing to the low-interest rate in the market. This has increased the usage of bitcoin to hedge against recent inflation owing to the pandemic.
Key Takeaways:
The Cryptocurrency market is expected to exhibit a CAGR of XX % over the forecast period, due to high level of security and distributed control of digital assets. Also, increasing adoption of these currencies to support smart contracts and for transactions is again driving growth of the market.
North America is expected to hold a dominant position in the market owing to the high utilization of cryptocurrency in countries such as the US and Canada. A report from Gemini, a cryptocurrency exchange, 14% of American adults — roughly 21 million people — own cryptocurrency.
Go Through Our Trusted Clients List: https://www.coherentmarketinsights.com/trusted-by
People Also Search For Following Reports:
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]
The post Cryptocurrency market witnessing strong growth in North America appeared first on Gatorledger.
