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Cryptocurrency Market by Offering (Hardware: GPU, FPGA, ASIC, Storage & Wallet; and Software), Process (Mining and Transaction), Type, End User (Peer–to-Peer Payment, Remittance, E-Commerce, and Retail), and Geography - Global Forecast to 2023

Cryptocurrency Market by Offering (Hardware: GPU, FPGA, ASIC, Storage & Wallet; and Software), Process (Mining and Transaction), Type, End User (Peer–to-Peer Payment, Remittance, E-Commerce, and Retail), and Geography - Global Forecast to 2023

“Cryptocurrency market is expected to grow at a CAGR of 32.31% between 2017 and 2023”

The cryptocurrency market was valued at USD 541.0 million in 2017 and is expected to reach USD 2,902.0 million by 2023, at a CAGR of 32.31% between 2017 and 2023. The growing remittance in developing countries, high cost of remittance across the border, and fluctuating monetary regulations are the major drivers for the growth of the cryptocurrency market. The growth of the cryptocurrency market is further propelled by the transparency and immutability of the distributed ledger technology and benefits such as faster transaction and reduction in total ownership cost. However, the uncertain regulations and standards pertaining to cryptocurrency restrain the growth of this market.

“Cryptocurrency mining held the largest market share in 2016”
Mining is an integral process for the generation, transmission, and validation of transactions in cryptocurrencies. Whenever a transaction takes place and is validated, miners collect these transactions and include them into the block they are currently solving. Every block has to be solved before being broadcast and added to the blockchain. The solving of a block involves the use of hardware to solve mathematical puzzles that are difficult to crack.

“Market for Ethereum is expected to grow at the highest rate between 2017 and 2023”
The Ethereum blockchain focuses on running the programming code of any decentralized application, including Distributed Applications (DApps) and smart contracts, enabling it to be built and run without any downtime, fraud, control, or interference from a third party. The advantages offered by Ethereum over bitcoin, such as electronic cash, smart contract technology, and proof-of-stake, are expected to drive the growth of the market for Ethereum.

“Cryptocurrency market in APAC is expected to grow at the highest rate between 2017 and 2023”
Because of the low cost of electricity, suitable climate (especially in Northern China), presence of big electronics manufacturing units, and availability of venture capital funding, the market in China is expected to grow at the highest rate during the forecast period. Besides, Japan has the highest level of awareness and knowledge of cryptocurrency. The government regulations in Japan are also favorable for cryptocurrency transactions. All these factors would help drive the growth of the market in APAC at the highest CAGR during the forecast period.

In the process of determining and verifying the market size for several segments and subsegments gathered through the secondary research, extensive primary interviews have been conducted with people holding key positions across several regions. The breakup of the profile of primary participants has been given below.

• By Company Type: Tier 1—40%, Tier 2—20%, and Tier 3—40%
• By Designation: C-Level Executives—40%, Directors—40%, and Others (Sales, Marketing, and Product Managers)—20%
• By Region: North America—40%, Europe—40%, APAC—10%, and RoW—10%

The companies covered in the cryptocurrency market are Intel Corporation (US), NVIDIA Corporation (US), Microsoft Corporation (US), Xilinx, Inc. (US), Advanced Micro Devices, Inc. (US), AlphaPoint Corporation (US), Amazon.com, Inc. (US), BitGo, (US), BTL Group Ltd.(Blockchain Tech) (Canada), BitFury Group (US), Coinbase UK, Ltd. (US), 21 Inc. (US), and Ripple Labs Inc. (US).

Research Coverage
The cryptocurrency market has been segmented on the basis of offering, process, type, end user, and region. The market has been segmented on the basis of offering into hardware and software. On the basis of process, the market has been segmented into mining and transaction. On the basis of type, the market is segmented into Bitcoin, Ethereum, Ripple (XRP), Litecoin, Dashcoin, and others. The market has been segmented on the basis of end user into peer-to-peer payment, remittance, e-commerce and retail, media and entertainment, and others.

Reasons to Buy the Report:
The report would help the market leaders/new entrants in this market in the following ways:
1. This report segments the cryptocurrency market comprehensively and provides the closest approximations of the size of the overall market and its subsegments for various applications and across different regions.
2. The report helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities pertaining to the market.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • DEFINITION
    • SCOPE OF THE STUDY
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY AND PRIMARY RESEARCH
      • SECONDARY DATA
        • Table LIST OF MAJOR SECONDARY SOURCES
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN THE GLOBAL CRYPTOCURRENCY MARKET
    • CRYPTOCURRENCY MARKET, BY OFFERING
    • CRYPTOCURRENCY MARKET, BY HARDWARE
    • CRYPTOCURRENCY MARKET IN APAC, BY END-USER AND COUNTRY
    • CRYPTOCURRENCY MARKET, BY GEOGRAPHY, 2016
  • MARKET OVERVIEW
    • INTRODUCTION
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS OF THE CRYPTOCURRENCY MARKET
    • KEY TRENDS IN CRYPTOCURRENCY MARKET
      • RANSOMWARE CASE STUDY
      • INITIAL COIN OFFERING (ICO)
      • CRYPTOGRAPHY IN CRYPTOCURRENCY
      • CRYPTOCURRENCY PRICES (IN USD)
        • Table CRYPTOCURRENCY PRICE, 2013-2017 (USD)
      • FUNDING
        • Table FUNDING IN THE CRYPTOCURRENCY MARKET, 2014-2017 (USD MILLION)
      • SPLIT IN CRYPTOCURRENCIES TO COMBAT HIGH TRANSACTION FEES AND CURRENCY SIZE LIMIT
  • CRYPTOCURRENCY MARKET, BY OFFERING
    • INTRODUCTION
      • Table CRYPTOCURRENCY MARKET, BY OFFERING, 2014-2023 (USD MILLION)
    • HARDWARE
      • FPGA
      • GPU
      • ASIC
        • Table CRYPTOCURRENCY ASIC HARDWARE
      • WALLET
      • STORAGE
        • Table CRYPTOCURRENCY MARKET, BY HARDWARE, 2014-2023 (USD MILLION)
        • Table CRYPTOCURRENCY MARKET FOR HARDWARE, BY REGION, 2014-2023 (USD MILLION)
        • Table CRYPTOCURRENCY MARKET FOR HARDWARE, BY PROCESS, 2014-2023 (USD MILLION)
    • SOFTWARE
      • MINING PLATFORM
      • BLOCKCHAIN
      • COIN WALLET
      • EXCHANGE
        • Table CRYPTOCURRENCY MARKET, BY SOFTWARE, 2014-2023 (USD MILLION)
        • Table CRYPTOCURRENCY MARKET FOR SOFTWARE, BY REGION, 2014-2023 (USD MILLION)
        • Table CRYPTOCURRENCY MARKET FOR SOFTWARE, BY PROCESS, 2014-2023 (USD MILLION)
  • CRYPTOCURRENCY MARKET, BY PROCESS
    • INTRODUCTION
      • Table SCENARIO 1: CRYPTOCURRENCY MARKET, BY PROCESS, 2014-2023 (USD MILLION)
      • Table SCENARIO 2: CRYPTOCURRENCY MARKET, BY PROCESS, 2014-2023 (USD MILLION)
    • MINING
      • SOLO MINING
      • POOL MINING
      • CLOUD MINING
        • Table CRYPTOCURRENCY MARKET FOR MINING, BY MINING PROCESS, 2014-2023 (USD MILLION)
        • Table CRYPTOCURRENCY MARKET FOR MINING, BY OFFERING, 2014-2023 (USD MILLION)
        • Table SCENARIO 1: CRYPTOCURRENCY MARKET FOR MINING, BY REGION, 2014-2023 (USD MILLION)
        • Table SCENARIO 2: CRYPTOCURRENCY MARKET FOR MINING, BY REGION, 2014-2023 (USD MILLION)
        • Table SCENARIO 1: CRYPTOCURRENCY MARKET FOR MINING IN APAC, BY COUNTRY, 2014-2023 (USD MILLION)
        • Table SCENARIO 2: CRYPTOCURRENCY MARKET FOR MINING IN APAC, BY COUNTRY, 2014-2023 (USD MILLION)
        • Table CRYPTOCURRENCY MARKET FOR MINING IN NORTH AMERICA, BY COUNTRY, 2014-2023 (USD MILLION)
        • Table CRYPTOCURRENCY MARKET FOR MINING IN EUROPE, BY COUNTRY, 2014-2023 (USD MILLION)
        • Table CRYPTOCURRENCY MARKET FOR MINING IN ROW, BY REGION, 2014-2023 (USD MILLION)
    • TRANSACTION
      • Table CRYPTOCURRENCY MARKET FOR TRANSACTION, BY OFFERING, 2014-2023 (USD MILLION)
      • Table SCENARIO 1: CRYPTOCURRENCY MARKET FOR TRANSACTION, BY REGION, 2014-2023 (USD MILLION)
      • Table SCENARIO 2: CRYPTOCURRENCY MARKET FOR TRANSACTION, BY REGION, 2014-2023 (USD MILLION)
      • Table SCENARIO 1: CRYPTOCURRENCY MARKET FOR TRANSACTION IN APAC, BY COUNTRY, 2014-2023 (USD MILLION)
      • Table SCENARIO 2: CRYPTOCURRENCY MARKET FOR TRANSACTION IN APAC, BY COUNTRY, 2014-2023 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET FOR TRANSACTION IN NORTH AMERICA, BY COUNTRY, 2014-2023 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET FOR TRANSACTION IN EUROPE, BY COUNTRY, 2014-2023 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET FOR TRANSACTION IN ROW, BY REGION, 2014-2023 (USD MILLION)
  • CRYPTOCURRENCY MARKET, BY TYPE
    • INTRODUCTION
      • Table MARKET CAPITALIZATION OF VARIOUS CRYPTOCURRENCIES BETWEEN 2014 AND 2017, (USD BILLION)
      • Table AVERAGE DAILY NUMBER OF TRANSACTIONS FOR VARIOUS CRYPTOCURRENCIES BETWEEN 2016 AND 2017
      • Table CRYPTOCURRENCY MARKET, BY TYPE , 2014-2023 (USD MILLION)
    • BITCOIN
    • ETHEREUM (ETH)
    • RIPPLE (XRP)
    • DASHCOIN
    • LITECOIN (LTC)
    • OTHERS
  • CRYPTOCURRENCY MARKET, BY END USER
    • INTRODUCTION
      • Table CRYPTOCURRENCY MARKET, BY END USER, 2014-2023 (USD MILLION)
    • PEER-TO-PEER PAYMENT
      • Table CRYPTOCURRENCY MARKET FOR PEER-TO-PEER PAYMENT, BY REGION, 2014-2023 (USD MILLION)
    • REMITTANCE
      • Table CRYPTOCURRENCY MARKET FOR REMITTANCE, BY REGION, 2014-2023 (USD MILLION)
    • E-COMMERCE AND RETAIL
      • Table CRYPTOCURRENCY MARKET FOR E-COMMERCE AND RETAIL, BY REGION, 2014-2023 (USD MILLION)
    • MEDIA AND ENTERTAINMENT
      • Table CRYPTOCURRENCY MARKET FOR MEDIA AND ENTERTAINMENT, BY REGION, 2014-2023 (USD MILLION)
    • OTHERS
      • Table CRYPTOCURRENCY MARKET FOR OTHER END USERS, BY REGION, 2014-2023 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table SCENARIO 1: CRYPTOCURRENCY MARKET, BY REGION, 2014-2023 (USD MILLION)
      • Table SCENARIO 2: CRYPTOCURRENCY MARKET, BY REGION, 2014-2023 (USD MILLION)
    • NORTH AMERICA
      • Table CRYPTOCURRENCY MARKET IN NORTH AMERICA, BY COUNTRY, 2014-2023 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET IN NORTH AMERICA, BY PROCESS, 2014-2023 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET IN NORTH AMERICA, BY END USER, 2014-2023 (USD MILLION)
      • US
        • Table CRYPTOCURRENCY MARKET IN US, BY PROCESS, 2014-2023 (USD MILLION)
      • CANADA
        • Table CRYPTOCURRENCY MARKET IN CANADA, BY PROCESS, 2014-2023 (USD MILLION)
      • MEXICO
        • Table CRYPTOCURRENCY MARKET IN MEXICO, BY PROCESS, 2014-2023 (USD MILLION)
    • EUROPE
      • Table CRYPTOCURRENCY MARKET IN EUROPE, BY COUNTRY, 2014-2023 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET IN EUROPE, BY PROCESS, 2014-2023 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET IN EUROPE, BY END USER, 2014-2023 (USD MILLION)
      • GERMANY
        • Table CRYPTOCURRENCY MARKET IN GERMANY, BY PROCESS, 2014-2023 (USD MILLION)
      • FRANCE
        • Table CRYPTOCURRENCY MARKET IN FRANCE, BY PROCESS, 2014-2023 (USD MILLION)
      • UK
        • Table CRYPTOCURRENCY MARKET IN UK, BY PROCESS, 2014-2023 (USD MILLION)
      • EAST EUROPE
        • Table CRYPTOCURRENCY MARKET IN EAST EUROPE, BY PROCESS, 2014-2023 (USD MILLION)
      • REST OF EUROPE
        • Table CRYPTOCURRENCY MARKET IN REST OF EUROPE, BY PROCESS, 2014-2023 (USD MILLION)
    • APAC
      • Table SCENARIO 1: CRYPTOCURRENCY MARKET IN APAC, BY COUNTRY, 2014-2023 (USD MILLION)
      • Table SCENARIO 2: CRYPTOCURRENCY MARKET IN APAC, BY COUNTRY, 2014-2023 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET IN APAC, BY PROCESS, 2014-2023 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET IN APAC, BY END USER, 2014-2023 (USD MILLION)
      • CHINA
        • Table SCENARIO 1: CRYPTOCURRENCY MARKET IN CHINA, BY PROCESS, 2014-2023 (USD MILLION)
        • Table SCENARIO 2: CRYPTOCURRENCY MARKET IN CHINA, BY PROCESS, 2014-2023 (USD MILLION)
      • JAPAN
        • Table CRYPTOCURRENCY MARKET IN JAPAN, BY PROCESS, 2014-2023 (USD MILLION)
      • SOUTH KOREA
        • Table CRYPTOCURRENCY MARKET IN SOUTH KOREA, BY PROCESS, 2014-2023 (USD MILLION)
      • INDIA
        • Table CRYPTOCURRENCY MARKET IN INDIA, BY PROCESS, 2014-2023 (USD MILLION)
      • REST OF APAC
        • Table CRYPTOCURRENCY MARKET IN REST OF APAC, BY PROCESS, 2014-2023 (USD MILLION)
    • REST OF THE WORLD
      • Table CRYPTOCURRENCY MARKET IN ROW, BY REGION, 2014-2023 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET IN ROW, BY PROCESS, 2014-2023 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET IN ROW, BY END USER, 2014-2023 (USD MILLION)
      • SOUTH AMERICA
        • Table CRYPTOCURRENCY MARKET IN SOUTH AMERICA, BY PROCESS, 2014-2023 (USD MILLION)
      • MIDDLE EAST AND AFRICA
        • Table CRYPTOCURRENCY MARKET IN MEA, BY PROCESS, 2014-2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • MARKET RANKING ANALYSIS, 2016
      • Table TOP 5 PLAYERS IN THE CRYPTOCURRENCY MARKET, 2016
  • COMPANY PROFILES
    • NVIDIA
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • XILINX
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • INTEL
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
      • MNM VIEW
    • ADVANCED MICRO DEVICES
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • BITFURY GROUP
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • RIPPLE LABS
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • MICROSOFT
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
      • MNM VIEW
    • ALPHAPOINT CORPORATION
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • AMAZON.COM
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
    • BITGO
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • BTL GROUP (BLOCKCHAIN TECH)
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • COINBASE
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • RECENT DEVELOPMENTS
    • 21 INC.
      • BUSINESS OVERVIEW
      • STRENGTH OF PRODUCT PORTFOLIO
      • BUSINESS STRATEGY EXCELLENCE
      • KEY RELATIONSHIPS
  • APPENDIX
    • INSIGHTS FROM INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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