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Global Crypto Currency Market 2016-2020

About Cryptocurrency

Cryptocurrency is a form of digital currency that is independent of any centralized bank. It is an encrypted code that can be transferred digitally using devices such as smartphones. Transactions using this currency are secure and easy unlike traditional card and cash purchases and do not require repetitive authentication. Most vendors and consumers are adopting cryptocurrency owing to the ease of transaction, which is one of the prime drivers for the cryptocurrency market.

The encrypted code assigned for the stores can be scanned through smartphones and cryptocurrency can be transferred from the digital wallet of a purchaser to the digital wallet of the storekeeper. Unlike card transactions, these transactions do not incur service charges from the bank and are instant.

Covered in this report

The report covers the present scenario and the growth prospects of the global cryptocurrency market in terms of volume for 2016-2020. To calculate the total market capitalization, the report considers market capitalization of all cryptocurrencies present in the market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Cryptocurrency Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Bitcoin
  • Litecoin
  • Namecoin
  • Novacoin
  • Peercoin
  • Ripple
Other
    prominent vendors
  • Bitshares
  • Bytecoin
  • Dogecoin
  • Feathercoin
  • Primecoin
  • Megacoin
  • Nxt
  • Steller
Market
    driver
  • Ease of transaction
  • For a full, detailed list, view our report
Market
    challenge
  • Facilitates illegal businesses
  • For a full, detailed list, view our report
Market
    trend
  • Rival to banks
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Cryptocurrency Market 2016-2020

Technavio recognizes the following companies as the key players in the Global Cryptocurrency Market: Bitcoin, Litecoin, Namecoin, Novacoin, Peercoin and Ripple.

Other Prominent Vendors in the market are: Bitshares, Bytecoin, Dogecoin, Feathercoin, Primecoin, Megacoin, Nxt, and Steller.

Commenting on the report, an analyst from Technavio’s team said: “Banks have the potential to obstruct the trade between cryptocurrency and the national currency, but cannot completely inhibit its growth. Charlie Shrem, a Bitcoin advocate and a member of the Bitcoin Foundation, was prohibited from dealing with any leading banks. The banks stated that Charlie Shrem is a competitor for them and a threat to their business. The rivalry between banks and cryptocurrency is anticipated to grow during the forecast period.”

According to the report, cryptocurrency can be transferred from one device to another in the form of a digitally encrypted code. This secures the transactions to a great extent and checks for multiple transactions. The transactions are simpler and safe because smartphones and other prevalent electronic devices can be used for them.

Further, the report states that cryptocurrency has attributes that can aid illegal businesses online.

Companies Mentioned

Bitcoin, Litecoin, Namecoin, Novacoin, Peercoin, Ripple, Bitshares, Bytecoin, Dogecoin, Feathercoin, Primecoin, Megacoin, Nxt, and Steller.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Base year
    • Vendor segmentation
    • Numerical figures
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market size and forecast
      • Table Global cryptocurrency market capitalization 2013-2015 ($ billions)
    • Bitcoin
      • Table Volume forecast of Bitcoins July 2013 to October 2020 (millions of coins)
    • Litecoin
      • Table Volume forecast of Litecoin July 2013 to October 2020 (millions of coins)
    • Peercoin
      • Table Volume forecast of Peercoin July 2013 to October 2020 (millions)
    • Namecoin
      • Table Volume forecast of Namecoin July 2013 to October 2020 (millions of coins)
    • Novacoin
      • Table Volume forecast of Novacoin July 2013 to October 2020 (millions of coins)
    • Five forces analysis
      • Table Five forces analysis
  • Geographical segmentation
    • Segmentation of global cryptocurrency market by region
      • Table Segmentation of global cryptocurrency market by region 2015
  • Market drivers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
      • Table Market share of cryptocurrencies as of October 2015
      • Table Prominent cryptocurrencies in the last 10 quarters
  • Key vendor analysis
    • Bitcoin
    • Ripple
    • Litecoin
    • Peercoin
    • Namecoin
    • Novacoin
  • Explore Technavio

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