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Cryptocurrency Market by Offering (Hardware: GPU, FPGA, ASIC, & Wallet, and Software), Process (Mining and Transaction), Type, Application (Trading, Remittance, Payment: Peer-to-Peer Payment, Ecommerce, and Retail), and Geography - Global Forecast to 2024

Cryptocurrency Market by Offering (Hardware: GPU, FPGA, ASIC, & Wallet, and Software), Process (Mining and Transaction), Type, Application (Trading, Remittance, Payment: Peer-to-Peer Payment, Ecommerce, and Retail), and Geography - Global Forecast to 2024

“Cryptocurrency market to grow at CAGR of 6.18% from 2019 to 2024”
The cryptocurrency market is projected to reach USD 1.40 billion by 2024 from USD 1.03 billion by 2019, at a CAGR of 6.18% during the forecast period. Growth in this market can largely be attributed to factors such as transparency of distributed ledger technology, high remittances in developing countries, high cost of cross-border remittance, fluctuations in monetary regulations, and growth in venture capital investments. However, uncertain regulatory status, lack of awareness and technical understanding regarding cryptocurrency are expected to restrict the growth of the said market to a certain extent.

“Market for ASICs in cryptocurrency to register highest growth during forecast period”
The cryptocurrency market for ASIC is expected to hold the largest CAGR. ASICs are gradually being preferred by miners. These ASIC machines mine at an extraordinary speed while consuming much less power than FPGA or GPU mining rigs. Several reputed companies, such as Bitmain, Avalon, and Innosilicon Technologies, offer highly efficient ASIC products. Also, ASICs are cryptocurrency mining hardware created solely to solve cryptocurrency blocks. They have only minimal requirements for other computer applications. Such various advantages help ASICs grow at the highest rate in the cryptocurrency market.

“Market for payment application for cryptocurrency register highest growth during forecast period”
The market for payment through cryptocurrency is likely to register the highest growth during the forecast period. The payment through cryptocurrency has several advantages such as enhanced transactional security, protection from fraud, decentralized system, low fees, protection from consumer chargebacks, and quick international transfers. Moreover, a large number of players are investing in developing payment gateways and platform for the payment process of their currencies, thereby increasing adoption of cryptocurrency for the payment.

“APAC to hold largest share during forecast period”
APAC is notable for its high adoption of cryptocurrency. This is attributed to the low cost of electricity in China and early adoption of cryptocurrency in Japan. China is the largest market among all APAC countries. Owing to the low cost of electricity, ideal weather conditions, presence of big mining companies, such Bitmain, Canaan Creative CO., LTD, and Ebang Communication, and availability of venture capital funding, the market in APAC is expected to be the largest for cryptocurrency.

Breakdown of primary participants’ profile:
By Company Type: Tier 1 = 30%, Tier 2 = 30%, and Tier 3 = 40%
By Designation: C-Level Executives = 45%, Directors = 30%, and Others = 25%
By Region: North America = 30%, Europe = 40%, APAC = 25%, and RoW = 5%

Key players in the cryptocurrency market include Bitmain (China), NVIDIA (US), Xilinx (US), Intel (US), Advanced Micro Devices (US), Ripple Labs (US), Ethereum Foundation (Switzerland), Bitfury Group (Netherlands), Coinbase (US), BitGo (US), and Binance Holdings (China).

Research Coverage:
Various market segments have been covered in this report. These include application and geography. It also gives a detailed view of the market across 4 main regions: North America, Europe, APAC, and RoW.
Reasons to Buy the Report:
This report includes statistics pertaining to the cryptocurrency market in terms of offering, process, type, application, and region, along with their respective market sizes.
Major drivers, restraints, opportunities, and challenges for the cryptocurrency market have been provided in detail in this report.
The report includes illustrative segmentation, analysis, and forecast for the cryptocurrency market based on its segments and subsegments.


  • INTRODUCTION
    • STUDY OBJECTIVES
    • DEFINITION
    • SCOPE OF THE STUDY
      • MARKETS COVERED
      • YEARS CONSIDERED
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY AND PRIMARY RESEARCH
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN CRYPTOCURRENCY MARKET
    • CRYPTOCURRENCY MARKET FOR PAYMENT, BY TYPE
    • CRYPTOCURRENCY MARKET FOR MINING, BY TYPE
    • CRYPTOCURRENCY MARKET IN APAC, BY APPLICATION AND COUNTRY
    • CRYPTOCURRENCY MARKET, BY GEOGRAPHY
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
        • Table FUNDING IN CRYPTOCURRENCY MARKET, 2014-2018 (USD MILLION)
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • VALUE CHAIN ANALYSIS OF CRYPTOCURRENCY MARKET
    • KEY TRENDS IN CRYPTOCURRENCY MARKET
      • RANSOMWARE CASE STUDY
      • RISE IN CRYPTOCURRENCY MINING MALWARE
      • INITIAL COIN OFFERING (ICO)
      • CRYPTOGRAPHY IN CRYPTOCURRENCY
      • CRYPTOCURRENCY PRICES (IN USD)
        • Table CRYPTOCURRENCY PRICE, 2013-2018 (USD)
      • HARDFORK IN CRYPTOCURRENCIES
        • Table CRYPTOCURRENCY FORK, 2017-2018
      • SECURITY TOKEN OFFERING
    • REGULATION OF CRYPTOCURRENCY
      • Table CRYPTOCURRENCY STATUS BY COUNTRY, 2018
  • CRYPTOCURRENCY MARKET, BY OFFERING
    • INTRODUCTION
      • Table CRYPTOCURRENCY MARKET, BY OFFERING, 2015-2024 (USD MILLION)
    • HARDWARE
      • Table CRYPTOCURRENCY MARKET FOR HARDWARE, BY PROCESS, 2015-2024 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET FOR HARDWARE, BY REGION, 2015-2024 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET, BY HARDWARE, 2015-2024 (USD MILLION)
      • ASIC
        • Table CRYPTOCURRENCY ASIC HARDWARE
      • GPU
      • FPGA
      • WALLET
    • SOFTWARE
      • Table CRYPTOCURRENCY MARKET FOR SOFTWARE, BY PROCESS, 2015-2024 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET FOR SOFTWARE, BY REGION, 2015-2024 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET, BY SOFTWARE, 2015-2024 (USD MILLION)
      • MINING PLATFORM
      • COIN WALLET
      • EXCHANGE
  • CRYPTOCURRENCY MARKET, BY PROCESS
    • INTRODUCTION
      • Table CRYPTOCURRENCY MARKET, BY PROCESS, 2015-2024 (USD MILLION)
    • MINING
      • Table CRYPTOCURRENCY MARKET FOR MINING, BY OFFERING, 2015-2024 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET FOR MINING, BY REGION, 2015-2024 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET FOR MINING IN APAC, BY COUNTRY, 2015-2024 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET FOR MINING IN NORTH AMERICA, BY COUNTRY, 2015-2024 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET FOR MINING IN EUROPE, BY COUNTRY, 2015-2024 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET FOR MINING IN ROW, BY REGION, 2015-2024 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET FOR MINING, BY TYPE, 2015-2024 (USD MILLION)
      • SOLO MINING
      • POOL MINING
      • CLOUD MINING
    • TRANSACTION
      • Table CRYPTOCURRENCY MARKET FOR TRANSACTION, BY OFFERING, 2015-2024 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET FOR TRANSACTION, BY REGION, 2015-2024 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET FOR TRANSACTION IN APAC, BY COUNTRY, 2015-2024 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET FOR TRANSACTION IN NORTH AMERICA, BY COUNTRY, 2015-2024 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET FOR TRANSACTION IN EUROPE, BY COUNTRY, 2015-2024 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET FOR TRANSACTION IN ROW, BY REGION, 2015-2024 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET FOR TRANSACTION, BY TYPE, 2015-2024 (USD MILLION)
      • EXCHANGE
      • WALLET
  • CRYPTOCURRENCY MARKET, BY TYPE
    • INTRODUCTION
      • Table MARKET CAPITALIZATION OF VARIOUS CRYPTOCURRENCIES FROM 2014 TO 2018 (USD BILLION)
      • Table CRYPTOCURRENCY MARKET, BY TYPE , 2015-2024 (USD MILLION)
    • BITCOIN
      • BITCOIN ACCOUNTED FOR THE LARGEST MARKET SIZE OF CRYPTOCURRENCY MARKET IN 2018
    • ETHEREUM (ETH)
      • SUPPORT FOR SMART CONTRACT EXPECTED TO DRIVE THE MARKET FOR ETHEREUM
    • BITCOIN CASH
      • LARGER BLOCK SIZE EXPECTED TO DRIVE THE MARKET FOR BITCOIN CASH
    • RIPPLE (XRP)
      • SCALABILITY, EFFICIENCY AND LOW COST EXPECTED TO DRIVE THE MARKET FOR RIPPLE
    • DASHCOIN
      • FEATURES SUCH AS PRIVTAE TRANSACTIONS, INSTANT TRASACTIONS AND DECENTRALIZED GOVERNANCE TO DRIVE THE MARKET FOR DASH
    • LITECOIN (LTC)
      • FASTER TRANSACTION AS COMPARED TO OTHER MAJOR CRYPTOCURRENCIES EXPECTED TO DRIVE THE MARKET FOR LITECOIN
    • OTHERS
  • CRYPTOCURRENCY MARKET, BY APPLICATION
    • INTRODUCTION
      • Table CRYPTOCURRENCY MARKET, BY APPLICATION, 2015-2024 (USD MILLION)
    • TRADING
      • TRADING TO LEAD CRYPTOCURRENCY MARKET BETWEEN 2018 AND 2024
        • Table CRYPTOCURRENCY MARKET FOR TRADING, BY REGION, 2015-2024 (USD MILLION)
    • REMITTANCE
      • COMPLIANCE-FREE AND LOW FEES EXPECTED TO BE THE MAJOR DRIVERS FOR THE GROWTH OF REMITTANCE IN CRYPTOCURRENCY MARKET
        • Table CRYPTOCURRENCY MARKET FOR REMITTANCE, BY REGION, 2015-2024 (USD MILLION)
    • PAYMENT
      • Table CRYPTOCURRENCY MARKET FOR PAYMENT, BY REGION, 2015-2024 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET FOR PAYMENT, BY TYPE, 2015-2024 (USD MILLION)
      • PEER-TO-PEER PAYMENT
      • ECOMMERCE AND RETAIL
      • MEDIA AND ENTERTAINMENT
      • TRAVEL AND TOURISM
      • OTHERS
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table CRYPTOCURRENCY MARKET, BY REGION, 2015-2024 (USD MILLION)
    • NORTH AMERICA
      • Table CRYPTOCURRENCY MARKET IN NORTH AMERICA, BY COUNTRY, 2015-2024 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET IN NORTH AMERICA, BY OFFERING, 2015-2024 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET IN NORTH AMERICA, BY PROCESS, 2015-2024 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET IN NORTH AMERICA, BY APPLICATION, 2015-2024 (USD MILLION)
      • US
        • Table CRYPTOCURRENCY MARKET IN US, BY PROCESS, 2015-2024 (USD MILLION)
      • CANADA
        • Table CRYPTOCURRENCY MARKET IN CANADA, BY PROCESS, 2015-2024 (USD MILLION)
      • MEXICO
        • Table CRYPTOCURRENCY MARKET IN MEXICO, BY PROCESS, 2015-2024 (USD MILLION)
    • EUROPE
      • Table CRYPTOCURRENCY MARKET IN EUROPE, BY COUNTRY, 2015-2024 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET IN EUROPE, BY OFFERING, 2015-2024 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET IN EUROPE, BY PROCESS, 2015-2024 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET IN EUROPE, BY APPLICATION, 2015-2024 (USD MILLION)
      • GERMANY
        • Table CRYPTOCURRENCY MARKET IN GERMANY, BY PROCESS, 2015-2024 (USD MILLION)
      • FRANCE
        • Table CRYPTOCURRENCY MARKET IN FRANCE, BY PROCESS, 2015-2024 (USD MILLION)
      • UK
        • Table CRYPTOCURRENCY MARKET IN UK, BY PROCESS, 2015-2024 (USD MILLION)
      • EAST EUROPE
        • Table CRYPTOCURRENCY MARKET IN EAST EUROPE, BY PROCESS, 2015-2024 (USD MILLION)
      • REST OF EUROPE
        • Table CRYPTOCURRENCY MARKET IN REST OF EUROPE, BY PROCESS, 2015-2024 (USD MILLION)
    • APAC
      • Table CRYPTOCURRENCY MARKET IN APAC, BY COUNTRY, 2015-2024 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET IN APAC, BY OFFERING, 2015-2024 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET IN APAC, BY PROCESS, 2015-2024 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET IN APAC, BY APPLICATION, 2015-2024 (USD MILLION)
      • CHINA
        • Table CRYPTOCURRENCY MARKET IN CHINA, BY PROCESS, 2015-2024 (USD MILLION)
      • JAPAN
        • Table CRYPTOCURRENCY MARKET IN JAPAN, BY PROCESS, 2015-2024 (USD MILLION)
      • SOUTH KOREA
        • Table CRYPTOCURRENCY MARKET IN SOUTH KOREA, BY PROCESS, 2015-2024 (USD MILLION)
      • REST OF APAC
        • Table CRYPTOCURRENCY MARKET IN REST OF APAC, BY PROCESS, 2015-2024 (USD MILLION)
    • ROW
      • Table CRYPTOCURRENCY MARKET IN ROW, BY REGION, 2015-2024 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET IN ROW, BY OFFERING, 2015-2024 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET IN ROW, BY PROCESS, 2015-2024 (USD MILLION)
      • Table CRYPTOCURRENCY MARKET IN ROW, BY APPLICATION, 2015-2024 (USD MILLION)
      • SOUTH AMERICA
        • Table CRYPTOCURRENCY MARKET IN SOUTH AMERICA, BY PROCESS, 2015-2024 (USD MILLION)
      • MIDDLE EAST AND AFRICA
        • Table CRYPTOCURRENCY MARKET IN MEA, BY PROCESS, 2015-2024 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • RANKING ANALYSIS OF KEY PLAYERS IN CRYPTOCURRENCY MARKET
    • COMPETITIVE SITUATIONS AND TRENDS
      • PRODUCT LAUNCHES
        • Table PRODUCT LAUNCHES, 2015-2018
      • AGREEMENTS, PARTNERSHIPS, COLLABORATIONS, & CONTRACTS
        • Table AGREEMENTS, PARTNERSHIPS, COLLABORATIONS, CONTRACTS, AND JOINT VENTURES, 2016-2018
      • ACQUISITIONS
        • Table ACQUISITIONS 2015-2018
      • EXPANSION
        • Table EXPANSION 2016-2018
  • COMPANY PROFILES
    • KEY PLAYERS
      • BITMAIN TECHNOLOGIES LTD.
      • NVIDIA
      • ADVANCED MICRO DEVICES, INC.
      • XILINX
      • BITFURY GROUP LIMITED
      • INTEL
      • RIPPLE
      • ETHEREUM FOUNDATION
      • COINBASE
      • BITGO
      • BINANCE
    • OTHER COMPANIES
      • CANAAN CREATIVE CO., LTD
      • ZHEJIANG EBANG COMMUNICATION CO.,LTD
      • BITSTAMP LTD
      • IFINEX INC.
      • LEDGER SAS
      • XAPO
      • ADVANCED MINING TECHNOLOGIES INC.
      • ALCHEMINER, LTD.
      • UPBIT
      • SHARK MINING
      • ETHEREUMMINER.EU
      • PANDAMINER
  • APPENDIX
    • INSIGHTS FROM INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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