WiseGuyReports.Com Publish a New Market Research Report On –“ Cryptocurrency and Blockchain Market Future Growth Analysis and Forecasts 2022”.
Cryptocurrency and Blockchain Industry 2019
Description:-
The cryptocurrency and blockchain market is expanding at a faster pace. Cryptocurrency refers to the digital currency, which uses cryptography techniques for securing transactions. The use of cryptocurrency limits the creation of additional currency units. The cryptocurrency is decentralized in nature, restricting the involvement of any third party for the production of a new currency, transaction verification, and currency protection. The non-existence of government regulation for the cryptocurrency enables faster international transactions.
The blockchain refers to a digital ledger that records the transaction activities between the individuals. The digital world is quickly adopting the cryptocurrency and blockchain market. Cryptocurrency is expected to become the new revenue stream in the future.
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Market Analysis
The global market of cryptocurrency and blockchain is expected to grow by a CAGR of 35.2% during the forecast period. The push mechanism, ease of transaction, enhanced security, and authentication is the key drivers of the worldwide cryptocurrency and blockchain market. The increase in the number of mobile phone users is expected to boost the market growth further owing to the increasing preference for transactions over the mobile phone.
The fast and easy transactions, the increase in the online transactions, and the low transaction costs are increasing the demand of the cryptocurrency and blockchain market.
Market Division
The worldwide cryptocurrency and blockchain market is segmented into vertical and region.
Based on the vertical, the global market consists of media and entertainment, BFSI, healthcare, retail, gaming industry, transportation and logistics, travel and tourism, and education. The BSFI is the leading vertical segment in the global market. The retail segment is anticipated to witness significant growth over the forecast period. The shift in consumer demands towards the less time-consuming services is growing the demand for market growth.
Depending on the regional segmentation, the global cryptocurrency and blockchain market includes Asia Pacific, America, Europe, and the Middle East and Africa. The important countries of the global market are Canada, the US, UK, China, Germany, France, Singapore, Poland, Argentina, Japan, and the GCC countries. America is the leading regional market of cryptocurrency and blockchain. Europe is the second leading market. The Asia Pacific region and the Middle East and Africa region are the emerging regions of the cryptocurrency and blockchain market. India is expected to become the most attractive destination for blockchain and cryptocurrency during the forecast period.
Market Leaders
The market leaders of the global cryptocurrency and blockchain market are Coinsecure, Zebpay, Unocoin, Bitstamp Ltd., Coinbase, Bitfinex, Global Area Holding Inc., Digital Limited, Bitfury Group Limited, Microsoft Corp., and IBM Corp.
Leading Industry News
In August 2019, Coinbase shared that courses related to cryptocurrency and blockchain are being provided to students in the top universities. The interest among the students for the subjects is on the rise. The provision of such courses is aimed at bridging the skill gap and expanding the digital market of blockchain and cryptocurrency.
In August 2019, PNC, one of the largest banks of the United States, has started using the RippleNet blockchain platform to carry out the cross border payments.
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