According to a market report by Lucintel, the future of the cryptocurrency market looks promising with opportunities in the peer-to-peer payment, remittance, e-commerce and retail, and media & entertainment industries. The cryptocurrency market is expected to grow with a CAGR of 32% from 2019 to 2024. The major growth drivers for this market are transparency and immutability of the distributed ledger technology, growing remittance in developing countries, fluctuating monetary regulations, and significant increase in venture capital investments.
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In this market, bitcoin, ethereum, ripple (XRP), litecoin, and dashcoin are the major currency types. Within the cryptocurrency market, peer-to-peer payment, remittance, e-commerce and retail, media and entertainment are the major end use industries. Mining and transactions are the major process types of the cryptocurrency market.
APAC will remain the largest market over the forecast period.
Nvidia , Xilinx, Intel, Advanced Micro Devices, Bitfury Group, Ripple Labs, Microsoft, Alphapoint Corporation, Amazon.Com, Bitgo and others are among the major players of cryptocurrency
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the cryptocurrency market by currency type, process, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Cryptocurrency Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the cryptocurrency market by currency type, process, end use industry, and region as follows:
By Currency Type [$M shipment analysis for 2013 – 2024]:
Bitcoin
Ethereum
Ripple (XRP)
Litecoin
Dash coin
Others
By Process [$M shipment analysis for 2013 – 2024]:
By End Use Industry [$M shipment analysis for 2013 – 2024]:
Peer-to-Peer Payment
Remittance
E-Commerce and Retail
Media and Entertainment
Others
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/cryptocurrency-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.