A recent report published by QMI on cryptocurrency market is a detailed assessment of the most important market dynamics. After carrying out a thorough research of cryptocurrency market historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for cryptocurrency during the forecast period. It can enable manufacturers of cryptocurrency to change their production and marketing strategies in order to envisage maximum growth.
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According to the report, the availability of the decentralized system and the absence of fees on transactions is expected to drive the growth of cryptocurrency market during the forecast period.
Cryptocurrency can be termed as a virtual currency that is used as a medium of exchange and transaction which is secured and has gained much popularity in todays economic world. Most of the important transactions have now shifted to the use of cryptocurrency and a huge segment of the market is now shared by these currencies.
Growth in the number of digital transactions and the availability of a much-secured transaction through cryptocurrencies are the key factors for the growth of Global Cryptocurrency Market. The absence of interest rates or exchange rates on transactions has enabled it to gain worldwide recognition and has led many people to invest in this market. Many other benefits like protection from fraud, low fees, quick international transfers and non-regulation of transactions have led to the growth of the global cryptocurrency market.
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Some of the key Impact Factors:o Secured transaction facilitieso Availability of decentralized system and absence of fees on transactionso Unavailability of Government regulations
Insights about the regional distribution of market:
The market has been segmented in major regions to understand the global development and demand patterns of this market.For cryptocurrency market, the segments by region are for North America, Asia Pacific, Western Europe, Eastern Europe, Middle East, and Rest of the World. During the forecast period, North America, Asia Pacific, and Western Europe are expected to be major regions on the cryptocurrency market.
North America and Western Europe have been one of the key regions with technological advancements in ICT, electronics & semiconductor sector. Factors like the use of advanced technology and the presence of global companies to cater to the potential end-users are favorable for the growth of cryptocurrency market. Also, most of the leading companies have headquarters in these regions.
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The Asia Pacific is estimated to be one of the fastest-growing markets for cryptocurrency market. Major countries in the Asia Pacific region are China, Japan, South Korea, India, and Australia. These economies in the APAC region are major contributors in the ICT, electronics & semiconductor sector. In addition to this, government initiatives to promote technological advancement in this region are also one of the key factors to the growth of cryptocurrency market. The Middle East and rest of the World are estimated to be emerging regions for cryptocurrency market.
By Application:RemittanceTradingE-commerceRetailPaymentOthers
By Process:TransactionMining
By Offering:HardwareGPUASICFPGAWalletSoftwareOthers
By Region:North AmericaBy Country (US, Canada, Mexico)By ApplicationBy ProcessBy Offering
Western EuropeBy Country (Germany, UK, France, Italy, Spain, Rest of Europe)By ApplicationBy ProcessBy Offering
Eastern EuropeBy Country (Russia, Turkey, Rest of Eastern Europe)By ApplicationBy ProcessBy Offering
Asia PacificBy Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)By ApplicationBy ProcessBy Offering
Middle EastBy Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)By ApplicationBy ProcessBy Offering
Rest of the WorldBy Region (South America, Africa)By ApplicationBy ProcessBy Offering
Companies:Bitmain, NVIDIA, Xilinx, Intel, Advanced Micro Devices, Ripple, Bitfury, Ethereum Foundation, CoinBase, BitGo, and Binance
Reasons to buy this report:Market size estimation of the cryptocurrency market on a regional and global basisThe unique research design for market size estimation and forecastsProfiling of the major companies operating in the market with key developmentsBroad scope to cover all the possible segments helping every stakeholder in the market
Customization:We provide customization of the study to meet the specific requirements:By segmentBy sub-segmentBy region/ country
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Latest News On The Cryptocurrency Market | Intel, CoinBase, BitGo, and Binance - Bulletin Line
- New Bitcoin-Esque Cryptocurrency Named After Kanye West Launching [Last Updated On: January 5th, 2014] [Originally Added On: January 5th, 2014]
- Coinye West: A new cryptocurrency for the masses and an ode to Kanye [Last Updated On: January 5th, 2014] [Originally Added On: January 5th, 2014]
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- $25,000 in Dogecoin raised to save the Jamaican bobsled team [Last Updated On: January 22nd, 2014] [Originally Added On: January 22nd, 2014]
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- Worlds First BITCOIN ATM Opens in Vancouver Canada - Is CryptoCurrency the Future Currency? - Video [Last Updated On: January 22nd, 2014] [Originally Added On: January 22nd, 2014]
- 42 Coin cryptocurrency contest - Video [Last Updated On: January 23rd, 2014] [Originally Added On: January 23rd, 2014]
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- How Cryptocurrency, Crowdfunding And A Little Internet Altruism Saved Jamaica’s Hopes For Bobsled Gold [Last Updated On: January 27th, 2014] [Originally Added On: January 27th, 2014]
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- My first CryptoCurrency Miner up and running yet partially completed - Video [Last Updated On: January 28th, 2014] [Originally Added On: January 28th, 2014]
- Thought of the Day - 01 / 28 / 2014 - CryptoCurrency - Dogecoin - What is this? - Video [Last Updated On: January 30th, 2014] [Originally Added On: January 30th, 2014]
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- Dogecoin cryptocurrency donors help send Indian athletes to Sochi [Last Updated On: January 31st, 2014] [Originally Added On: January 31st, 2014]
- How To Create Your Own Cryptocurrency [Last Updated On: January 31st, 2014] [Originally Added On: January 31st, 2014]
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- Selling Dem Coins - How to convert your Cryptocurrency - Tutorial - Video [Last Updated On: February 1st, 2014] [Originally Added On: February 1st, 2014]
- Dogecoin - From joke cryptocurrency to Bitcoin rival - Video [Last Updated On: February 1st, 2014] [Originally Added On: February 1st, 2014]
- New York to Regulate Bitcoin: Is the Cryptocurrency Biz Like "the Wild West?" - Video [Last Updated On: February 1st, 2014] [Originally Added On: February 1st, 2014]
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- U.S. Treasury Goes Easy on the Bitcoin [Last Updated On: February 3rd, 2014] [Originally Added On: February 3rd, 2014]
- WoW - Dogecoin The #1 Cryptocurrency - Video [Last Updated On: February 3rd, 2014] [Originally Added On: February 3rd, 2014]
- The Dark Horse of Cryptocurrency - Franko - Video [Last Updated On: February 3rd, 2014] [Originally Added On: February 3rd, 2014]
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- We Love DogeCoin The #1 Cryptocurrency - Video [Last Updated On: February 4th, 2014] [Originally Added On: February 4th, 2014]
- Cryptocurrency Hackathon will talk Bitcoin, Dogecoin and more for coders and novices [Last Updated On: February 5th, 2014] [Originally Added On: February 5th, 2014]
- Dogecoin Kiss: An original song about the world's friendliest Cryptocurrency - Video [Last Updated On: February 5th, 2014] [Originally Added On: February 5th, 2014]
- Cryptocurrency Hackathon will talk Bitcoin, Dogecoin and ... [Last Updated On: February 6th, 2014] [Originally Added On: February 6th, 2014]
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- LiteCoin Trading Robot LTC Robot Cryptocurrency Trading Robot - Video [Last Updated On: February 7th, 2014] [Originally Added On: February 7th, 2014]
- Apple approves Dogecoin app after removing Bitcoin app [Last Updated On: February 8th, 2014] [Originally Added On: February 8th, 2014]
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- WE WIN COINS - EXCLUSIVE CRYPTOCURRENCY BETTING SOFTWARE TO INCREASE WINS - Video [Last Updated On: February 10th, 2014] [Originally Added On: February 10th, 2014]
- Dogecoin Value Soars $40M in Value Following Chinese Exchange Opens [Last Updated On: February 12th, 2014] [Originally Added On: February 12th, 2014]
- Cryptocurrency News Round-Up: Protests at Mt Gox as ... [Last Updated On: February 12th, 2014] [Originally Added On: February 12th, 2014]
- Dogecoin Soars $40M in Value Following Chinese Exchange Opens [Last Updated On: February 14th, 2014] [Originally Added On: February 14th, 2014]
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- Cryptocurrency Expert - Lorraine Murphy - Video [Last Updated On: February 14th, 2014] [Originally Added On: February 14th, 2014]
- CryptoCurrency Con 2013 - Cathy Reisenwitz - Why a Free Society Needs a Free Money - Video [Last Updated On: February 14th, 2014] [Originally Added On: February 14th, 2014]
- How to transfer Bitcoins from one cryptocurrency exchange to another cryptocurrency exchange - Video [Last Updated On: February 14th, 2014] [Originally Added On: February 14th, 2014]
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- ** UPDATE ** Computer, Cryptocurrency, Games and More!! - Video [Last Updated On: February 15th, 2014] [Originally Added On: February 15th, 2014]
- The glitch that will help kill Bitcoin [Last Updated On: February 16th, 2014] [Originally Added On: February 16th, 2014]
- Skinny Puppy at GITMO, NSA Myths, Dogecoin and Cryptocurrency #TMS 2/15/2014 - Video [Last Updated On: February 16th, 2014] [Originally Added On: February 16th, 2014]
- PotCoin, the cryptocurrency for the Cannabis Industrie - Video [Last Updated On: February 16th, 2014] [Originally Added On: February 16th, 2014]
- cryptocurrency mining rig - Video [Last Updated On: February 17th, 2014] [Originally Added On: February 17th, 2014]
- Quark - The Best Cryptocurrency - Video [Last Updated On: February 17th, 2014] [Originally Added On: February 17th, 2014]
- Cryptocurrencies: I Lived on Bitcoin for a Week - Video [Last Updated On: February 17th, 2014] [Originally Added On: February 17th, 2014]
- Cryptocurrencies: The State of Play - Video [Last Updated On: February 17th, 2014] [Originally Added On: February 17th, 2014]
- AMD graphics card pricing skyrockets due to cryptocurrency mining, could kill AMD’s gaming efforts [Last Updated On: February 18th, 2014] [Originally Added On: February 18th, 2014]
- Could there be a $50,000 bitcoin? [Last Updated On: February 18th, 2014] [Originally Added On: February 18th, 2014]
- CRYPTOCURRENCY - Bitcoin Overview... - Video [Last Updated On: February 18th, 2014] [Originally Added On: February 18th, 2014]
- CRYPTOCURRENCY - Money Changer Den of Thieves, The Federal Reserve - Video [Last Updated On: February 18th, 2014] [Originally Added On: February 18th, 2014]
- How to Buy PotCoins Part 2: Make a cryptocurrency trading account at swissex.com to buy PotCoin - Video [Last Updated On: February 18th, 2014] [Originally Added On: February 18th, 2014]
- BitPagar cryptocurrency - Video [Last Updated On: February 18th, 2014] [Originally Added On: February 18th, 2014]