New York, Feb. 05, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Cryptocurrency Market By Offering, By Process, By Type, By End User, By Company, By Region, Forecast & Opportunities, 2026” – https://www.reportlinker.com/p06020705/?utm_source=GNW
The Global Cryptocurrency Market is expected to grow at a CAGR of close to 7% during the forecast period.High growth in venture capital investment is one of the key factors due to which the market is anticipated to rev up during the forecast years.
Moreover, transparency and immutability of the distributed ledger technology is positively impacting the growth of the market during the forecast period.
The Global Cryptocurrency Market is segmented based on offering, process, type, end-user, company, and region.Based on type, the market can be categorized into bitcoin, etgereum, bitcoin cash, ripple, dashcoin, litecoin, and others.
Out of which, the bitcoin type segment dominated the market in 2020 and is expected to grow at the highest CAGR during the forecast period which can be attributed to Bitcoin’s advantage of being the pioneer in the field and; moreover, it is accepted worldwide.
Also, Ethereum witnessed significant growth until 2020 which can be accredited to the advantages offered by Ethereum over Bitcoin, which includes electronic cash, smart contract technology, and proof-of-stake. This is expected to drive the growth of the market for Ethereum.
The major players operating in the cryptocurrency market are Intel Corporation, NVIDIA Corporation, Microsoft Corporation, Xilinx, Inc., Advanced Micro Devices, Inc., AlphaPoint Corporation, Amazon.com, Inc., BitGo, BTL Group Ltd. (Blockchain Tech), BitFury Group, Coinbase UK, Ltd., 21 Inc., Ripple Labs Inc. and others. Launch of various hardware and software by the major market players is further contributing to the growing trend.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026
Objective of the Study:
• To analyze and estimate the market size of the Global Cryptocurrency Market from 2016 to 2019.
• To estimate and forecast the market size of the Global Cryptocurrency Market from 2020 to 2026 and growth rate until 2026.
• To classify and forecast the Global Cryptocurrency Market based on offering, process, type, end-user, company and regional distribution.
• To identify dominant region or segment in the Global Cryptocurrency Market.
• To identify drivers and challenges for the Global Cryptocurrency Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Global Cryptocurrency Market.
• To conduct pricing analysis for the Global Cryptocurrency Market.
• To identify and analyze the profile of leading players operating in the Global Cryptocurrency Market.
• To identify key sustainable strategies adopted by market players in the Global Cryptocurrency Market.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of cryptocurrency traders across the globe.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include the providers which could not be identified due to the limitations of secondary research. The analyst examined the traders and presence of all major players across the globe.
The analyst calculated the market size of the Global Cryptocurrency Market by using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market…