The worldwide market of IT and ITES has grown more
significantly with the developed techniques of doing work in the recent trend
with the crypto-currency category. The crypto-currency is a digital currency
that uses cryptography techniques to create the transactions secure and to
limit the formation of additional units of currency. Moreover, it is
decentralized and there is no third-party/central body/governing body included
in introducing new currency, identifying the transactions, and safeguarding the
currency supply. Whereas, the technology of blockchain works as a ledger that
represent the transaction activities among the peers. Crypto-currency is a
future and new revenue stream in the digital finance word. Additionally, the
key players of this market across the globe are adopting the attractive
strategies and policies with the innovative idea of doing work for dominating
the highest market share around the globe which further lead the fastest market
growth across the globe in the short span of time.
According to the report analysis, ‘Worldwide
Cryptocurrency And Blockchain Market (2016-2022)’ it states that there are several key players
which are presently functioning in this market more significantly around the
globe for accounting the highest market share by doing effective developments
in the technology of doing related function includes ZEB IT Service Pvt. Ltd., Coinsecure,
Coinbase, Bitstamp Ltd, Litecoin, Poloniex Inc, BitFury Group Limited, Unocoin Technoloiges
Pvt Ltd, Ripple, Okex Fintech Company LTD, Bitfinex, Global Arena Holding Inc, BTL
Group Ltd, DigitalX Limited, IBM Corp, Microsoft Corporation and several
others. Moreover, with the effective working of the key players the nature of
this is expand more and make the market more competitive which influenced the
existing key players and coming investors for making the huge amount of
investment which further proved to be beneficial for leading the highest market
growth during the forecasted period.
Although, the
growing online transaction, less transaction fees, easy and faster transaction,
transforming consumer and business
landscape have led the requirement for the market growth. Whereas, the prime
drivers of the crypto-currency market involve proper security, authentication,
ease of transactions and push mechanism that supports the crypto-currency holder
to send exactly what he demands without any further information. Meanwhile, the
global Crypto-currency and Blockchain Technology Market is expected to observe
an effective CAGR of 35.2% during the forecast period of 2016-2022.
Additionally,
on the basis of region, with the attractive growth drivers the market of this
is spread across the globe which majorly includes Americas, Europe, Asia
Pacific and Middle East & Africa. The Americas is set to be the prime
region for the crypto-currency market growth followed by Europe. Meanwhile, the
Asia Pacific and MEA are set to be the improving regions. India is set to be
the most attractive destination and in Africa, the popularity and the
utilization of numerous crypto-currencies are anticipated to rise in the near
future. By 2022, the MEA market revenue is anticipated to reach USD 3.02
billion. Furthermore, it is anticipated that the market of cryptocurrency and
blockchain will increase during the forecasted period more
effectively.
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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
