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仮想通貨(暗号通貨)市場:製品毎(ハードウェア:GPU・FPGA・ASIC・ウォレット、ソフトウェア)、プロセス毎(マイニング、トランザクション)、タイプ毎、用途毎(売買、送金、ピアツーピア支払、Eコマース、小売り)、地域毎 - 2024年までの世界市場予測

Cryptocurrency Market by Offering (Hardware: GPU, FPGA, ASIC, & Wallet, and Software), Process (Mining and Transaction), Type, Application (Trading, Remittance, Payment: Peer-to-Peer Payment, Ecommerce, and Retail), and Geography - Global Forecast to 2024

 

出版社 出版年月電子版価格 ページ数図表数
MarketsandMarkets
マーケッツアンドマーケッツ
2018年10月US$5,650
シングルユーザライセンス
166 115

サマリー

幅広い市場に関する調査レポートを出版しているマーケッツアンドマーケッツ(MarketsandMarkets)の仮想通貨(暗号通貨)市場に関する調査レポートです。

“Cryptocurrency market to grow at CAGR of 6.18% from 2019 to 2024”

The cryptocurrency market is projected to reach USD 1.40 billion by 2024 from USD 1.03 billion by 2019, at a CAGR of 6.18% during the forecast period. Growth in this market can largely be attributed to factors such as transparency of distributed ledger technology, high remittances in developing countries, high cost of cross-border remittance, fluctuations in monetary regulations, and growth in venture capital investments. However, uncertain regulatory status, lack of awareness and technical understanding regarding cryptocurrency are expected to restrict the growth of the said market to a certain extent.

“Market for ASICs in cryptocurrency to register highest growth during forecast period”

The cryptocurrency market for ASIC is expected to hold the largest CAGR. ASICs are gradually being preferred by miners. These ASIC machines mine at an extraordinary speed while consuming much less power than FPGA or GPU mining rigs. Several reputed companies, such as Bitmain, Avalon, and Innosilicon Technologies, offer highly efficient ASIC products. Also, ASICs are cryptocurrency mining hardware created solely to solve cryptocurrency blocks. They have only minimal requirements for other computer applications. Such various advantages help ASICs grow at the highest rate in the cryptocurrency market.

 “Market for payment application for cryptocurrency register highest growth during forecast period”

The market for payment through cryptocurrency is likely to register the highest growth during the forecast period. The payment through cryptocurrency has several advantages such as enhanced transactional security, protection from fraud, decentralized system, low fees, protection from consumer chargebacks, and quick international transfers. Moreover, a large number of players are investing in developing payment gateways and platform for the payment process of their currencies, thereby increasing adoption of cryptocurrency for the payment.

“APAC to hold largest share during forecast period”

APAC is notable for its high adoption of cryptocurrency. This is attributed to the low cost of electricity in China and early adoption of cryptocurrency in Japan. China is the largest market among all APAC countries. Owing to the low cost of electricity, ideal weather conditions, presence of big mining companies, such Bitmain, Canaan Creative CO., LTD, and Ebang Communication, and availability of venture capital funding, the market in APAC is expected to be the largest for cryptocurrency.

Breakdown of primary participants’ profile:

- By Company Type: Tier 1 = 30%, Tier 2 = 30%, and Tier 3 = 40%
- By Designation: C-Level Executives = 45%, Directors = 30%, and Others = 25%
- By Region: North America = 30%, Europe = 40%, APAC = 25%, and RoW = 5%

Key players in the cryptocurrency market include Bitmain (China), NVIDIA (US), Xilinx (US), Intel (US), Advanced Micro Devices (US), Ripple Labs (US), Ethereum Foundation (Switzerland), Bitfury Group (Netherlands), Coinbase (US), BitGo (US), and Binance Holdings (China).

Research Coverage:

Various market segments have been covered in this report. These include application and geography. It also gives a detailed view of the market across 4 main regions: North America, Europe, APAC, and RoW.

Reasons to Buy the Report:

- This report includes statistics pertaining to the cryptocurrency market in terms of offering, process, type, application, and region, along with their respective market sizes.
- Major drivers, restraints, opportunities, and challenges for the cryptocurrency market have been provided in detail in this report.
- The report includes illustrative segmentation, analysis, and forecast for the cryptocurrency market based on its segments and subsegments.



目次

1 INTRODUCTION 16
1.1 STUDY OBJECTIVES 16
1.2 DEFINITION 16
1.3 SCOPE OF THE STUDY 17
1.3.1 MARKETS COVERED 17
1.3.2 YEARS CONSIDERED 17
1.4 CURRENCY 18
1.5 LIMITATIONS 18
1.6 STAKEHOLDERS 18

2 RESEARCH METHODOLOGY 19
2.1 RESEARCH DATA 19
2.1.1 SECONDARY AND PRIMARY RESEARCH 21
2.1.1.1 Key industry insights 21
2.1.2 SECONDARY DATA 22
2.1.2.1 List of major secondary sources 22
2.1.2.2 Secondary sources 22
2.1.3 PRIMARY DATA 23
2.1.3.1 Breakdown of primaries 23
2.1.3.2 Primary sources 23
2.2 MARKET SIZE ESTIMATION 24
2.2.1 BOTTOM-UP APPROACH 25
2.2.2 TOP-DOWN APPROACH 26
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 27
2.4 RESEARCH ASSUMPTIONS 28

3 EXECUTIVE SUMMARY 29

4 PREMIUM INSIGHTS 34
4.1 ATTRACTIVE OPPORTUNITIES IN CRYPTOCURRENCY MARKET 34
4.2 CRYPTOCURRENCY MARKET FOR PAYMENT, BY TYPE 34
4.3 CRYPTOCURRENCY MARKET FOR MINING, BY TYPE 35
4.4 CRYPTOCURRENCY MARKET IN APAC, BY APPLICATION AND COUNTRY 35
4.5 CRYPTOCURRENCY MARKET, BY GEOGRAPHY 36
-
5 MARKET OVERVIEW 37
5.1 INTRODUCTION 37
5.2 MARKET DYNAMICS 37
5.2.1 DRIVERS 38
5.2.1.1 Transparency of distributed ledger technology 38
5.2.1.2 High remittances in developing countries 38
5.2.1.3 High cost of cross-border remittance 39
5.2.1.4 Fluctuations in monetary regulations 40
5.2.1.5 Growth in venture capital investments 40
5.2.2 RESTRAINTS 42
5.2.2.1 Uncertain regulatory status 42
5.2.2.2 Lack of awareness and technical understanding regarding cryptocurrency 42
5.2.3 OPPORTUNITIES 42
5.2.3.1 Significant growth opportunities in emerging and developed markets 42
5.2.3.2 Acceptance of cryptocurrency across various industries 42
5.2.4 CHALLENGES 43
5.2.4.1 Concern regarding security, privacy, and control 43
5.2.4.2 Technical challenges pertaining to scalability 43
5.3 VALUE CHAIN ANALYSIS OF CRYPTOCURRENCY MARKET 44
5.4 KEY TRENDS IN CRYPTOCURRENCY MARKET 45
5.4.1 RANSOMWARE CASE STUDY 45
5.4.1.1 Technology behind ransomware 45
5.4.1.2 Encryption 45
5.4.1.3 Advent of cryptocurrencies 45
5.4.1.4 Impact of ransomware attack 46
5.4.1.5 Decline of ransomware 46
5.4.2 RISE IN CRYPTOCURRENCY MINING MALWARE 46
5.4.3 INITIAL COIN OFFERING (ICO) 47
5.4.4 CRYPTOGRAPHY IN CRYPTOCURRENCY 47
5.4.5 CRYPTOCURRENCY PRICES (IN USD) 48
5.4.6 HARDFORK IN CRYPTOCURRENCIES 48
5.4.7 SECURITY TOKEN OFFERING 50
5.5 REGULATION OF CRYPTOCURRENCY 50

6 CRYPTOCURRENCY MARKET, BY OFFERING 51
6.1 INTRODUCTION 52
6.2 HARDWARE 53
6.2.1 ASIC 55
6.2.1.1 ASICs to dominate the cryptocurrency hardware market during the forecast period 55
6.2.2 GPU 58
6.2.2.1 Demand for GPUs expected to decrease for cryptocurrency mining during the forecast period 58
6.2.3 FPGA 58
6.2.3.1 FPGA expected to grow at a steady rate in cryptocurrency hardware market 58
6.2.4 WALLET 59
6.2.4.1 Better security expected to drive the cryptocurrency hardware wallet market during the forecast period 59
6.3 SOFTWARE 59
6.3.1 MINING PLATFORM 61
6.3.1.1 Growth in adoption of cryptocurrency expected to drive the market for mining platform 61
6.3.2 COIN WALLET 61
6.3.2.1 Mobile wallet expected to drive cryptocurrency software wallet market 61
6.3.3 EXCHANGE 62
6.3.3.1 Exchange to account for the largest share of cryptocurrency software market during the forecast period 62

7 CRYPTOCURRENCY MARKET, BY PROCESS 63
7.1 INTRODUCTION 64
7.2 MINING 65
7.2.1 SOLO MINING 69
7.2.1.1 Increasing demand for high computing power has led to decline of solo mining 69
7.2.2 POOL MINING 69
7.2.2.1 Pool mining expected to account for the largest share of cryptocurrency mining market during the forecast period 69
7.2.3 CLOUD MINING 69
7.2.3.1 Higher profits expected drive cloud mining market during the forecast period 69
7.3 TRANSACTION 70
7.3.1 EXCHANGE 74
7.3.1.1 Exchange to dominate the cryptocurrency transaction market during the forecast period 74
7.3.2 WALLET 74
7.3.2.1 Increase in adoption of cryptocurrencies expected to drive cryptocurrency wallet market 74

8 CRYPTOCURRENCY MARKET, BY TYPE 75
8.1 INTRODUCTION 76
8.2 BITCOIN 78
8.2.1 BITCOIN ACCOUNTED FOR THE LARGEST MARKET SIZE OF CRYPTOCURRENCY MARKET IN 2018 78
8.3 ETHEREUM (ETH) 79
8.3.1 SUPPORT FOR SMART CONTRACT EXPECTED TO DRIVE THE MARKET FOR ETHEREUM 79
8.4 BITCOIN CASH 79
8.4.1 LARGER BLOCK SIZE EXPECTED TO DRIVE THE MARKET FOR BITCOIN CASH 79
8.5 RIPPLE (XRP) 79
8.5.1 SCALABILITY, EFFICIENCY AND LOW COST EXPECTED TO DRIVE THE MARKET FOR RIPPLE 79
8.6 DASHCOIN 80
8.6.1 FEATURES SUCH AS PRIVTAE TRANSACTIONS, INSTANT TRASACTIONS AND DECENTRALIZED GOVERNANCE TO DRIVE THE MARKET FOR DASH 80
8.7 LITECOIN (LTC) 80
8.7.1 FASTER TRANSACTION AS COMPARED TO OTHER MAJOR CRYPTOCURRENCIES EXPECTED TO DRIVE THE MARKET FOR LITECOIN 80
8.8 OTHERS 80

9 CRYPTOCURRENCY MARKET, BY APPLICATION 81
9.1 INTRODUCTION 82
9.2 TRADING 83
9.2.1 TRADING TO LEAD CRYPTOCURRENCY MARKET BETWEEN 2018 AND 2024 83
9.3 REMITTANCE 83
9.3.1 COMPLIANCE-FREE AND LOW FEES EXPECTED TO BE THE MAJOR DRIVERS FOR THE GROWTH OF REMITTANCE IN CRYPTOCURRENCY MARKET 83
9.4 PAYMENT 84
9.4.1 PEER-TO-PEER PAYMENT 86
9.4.1.1 Peer-to-peer payment expected to grow at highest CAGR during the forecast period 86
9.4.2 ECOMMERCE AND RETAIL 86
9.4.2.1 Growth in number of ecommerce companies accepting cryptocurrencies as mode of payment to drive the market 86
9.4.3 MEDIA AND ENTERTAINMENT 87
9.4.3.1 Casinos expected to drive cryptocurrency market for media and entertainment 87
9.4.4 TRAVEL AND TOURISM 87
9.4.4.1 The idea of traveling with one global currency expected to drive the cryptocurrency market in travel and tourism 87
9.4.5 OTHERS 87

10 GEOGRAPHIC ANALYSIS 88
10.1 INTRODUCTION 89
10.2 NORTH AMERICA 91
10.2.1 US 93
10.2.1.1 US accounted for the largest share of cryptocurrency market in North America 93
10.2.2 CANADA 95
10.2.2.1 Government’s decision to allow the use of cryptocurrency expected to drive the market in Canada 95
10.2.3 MEXICO 96
10.2.3.1 Cryptocurrency being considered legal for eletronic transactions is expected to drive the market in Mexico 96
10.3 EUROPE 96
10.3.1 GERMANY 100
10.3.1.1 Favorable government regulations towards cryptocurrency is expected to drive the market in Germany 100
10.3.2 FRANCE 101
10.3.2.1 Reduction in taxes on cryptocurrency is expected to drive the market in France 101
10.3.3 UK 101
10.3.3.1 Legal cryptocurrency exchange expected to drive the market in the UK 101
10.3.4 EAST EUROPE 103
10.3.4.1 Companies moving to East Europe for mining and exchange are the major factors driving the cryptocurrency market in East Europe. 103
10.3.5 REST OF EUROPE 104
10.3.5.1 Rest of Europe expected to lead the cryptocurrency market in Europe during the forecast period 104
10.4 APAC 105
10.4.1 CHINA 107
10.4.1.1 China accounted for the largets market size in cryptocurrency mining in APAC 107
10.4.2 JAPAN 108
10.4.2.1 Government’s recognition of exchanges as legal is expected to drive the cryptocurrency market in Japan 108
10.4.3 SOUTH KOREA 109
10.4.3.1 Favorable government regulations towards cryptocurrency expected to drive the market in South Korea 109
10.4.4 REST OF APAC 110
10.5 ROW 111
10.5.1 SOUTH AMERICA 113
10.5.2 MIDDLE EAST AND AFRICA 113

11 COMPETITIVE LANDSCAPE 115
11.1 OVERVIEW 115
11.2 RANKING ANALYSIS OF KEY PLAYERS IN CRYPTOCURRENCY MARKET 116
11.3 COMPETITIVE SITUATIONS AND TRENDS 117
11.3.1 PRODUCT LAUNCHES 117
11.3.2 AGREEMENTS, PARTNERSHIPS, COLLABORATIONS, & CONTRACTS 118
11.3.3 ACQUISITIONS 119
11.3.4 EXPANSION 120

12 COMPANY PROFILES 121
(Business Overview, Products/Solutions/Service and Technology Offered, Recent Developments, SWOT Analysis, and MnM View)*
12.1 KEY PLAYERS 121
12.1.1 BITMAIN TECHNOLOGIES LTD. 121
12.1.2 NVIDIA 123
12.1.3 ADVANCED MICRO DEVICES, INC. 127
12.1.4 XILINX 131
12.1.5 BITFURY GROUP LIMITED 135
12.1.6 INTEL 138
12.1.7 RIPPLE 142
12.1.8 ETHEREUM FOUNDATION 144
12.1.9 COINBASE 145
12.1.10 BITGO 147
12.1.11 BINANCE 149
12.2 OTHER COMPANIES 151
12.2.1 CANAAN CREATIVE CO., LTD 151
12.2.2 ZHEJIANG EBANG COMMUNICATION CO.,LTD 151
12.2.3 BITSTAMP LTD 151
12.2.4 IFINEX INC. 152
12.2.5 LEDGER SAS 152
12.2.6 XAPO 152
12.2.7 ADVANCED MINING TECHNOLOGIES INC. 153
12.2.8 ALCHEMINER, LTD. 153
12.2.9 UPBIT 154
12.2.10 SHARK MINING 154
12.2.11 ETHEREUMMINER.EU 155
12.2.12 PANDAMINER 155
*Details on Business Overview, Products/Solutions/Service and Technology Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.

13 APPENDIX 156
13.1 INSIGHTS FROM INDUSTRY EXPERTS 156
13.2 DISCUSSION GUIDE 157
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 162
13.4 AVAILABLE CUSTOMIZATIONS 164
13.5 RELATED REPORTS 164
13.6 AUTHOR DETAILS 165


LIST OF TABLES

TABLE 1 FUNDING IN CRYPTOCURRENCY MARKET, 2014-2018 (USD MILLION) 41
TABLE 2 CRYPTOCURRENCY PRICE, 2013-2018 (USD) 48
TABLE 3 CRYPTOCURRENCY FORK, 2017-2018 48
TABLE 4 CRYPTOCURRENCY STATUS BY COUNTRY, 2018 50
TABLE 5 CRYPTOCURRENCY MARKET, BY OFFERING, 2015-2024 (USD MILLION) 52
TABLE 6 CRYPTOCURRENCY MARKET FOR HARDWARE, BY PROCESS,
2015-2024 (USD MILLION) 53
TABLE 7 CRYPTOCURRENCY MARKET FOR HARDWARE, BY REGION,
2015-2024 (USD MILLION) 54
TABLE 8 CRYPTOCURRENCY MARKET, BY HARDWARE, 2015-2024 (USD MILLION) 55
TABLE 9 CRYPTOCURRENCY ASIC HARDWARE 56
TABLE 10 CRYPTOCURRENCY MARKET FOR SOFTWARE, BY PROCESS,
2015-2024 (USD MILLION) 59
TABLE 11 CRYPTOCURRENCY MARKET FOR SOFTWARE, BY REGION,
2015-2024 (USD MILLION) 60
TABLE 12 CRYPTOCURRENCY MARKET, BY SOFTWARE, 2015-2024 (USD MILLION) 61
TABLE 13 CRYPTOCURRENCY MARKET, BY PROCESS, 2015-2024 (USD MILLION) 64
TABLE 14 CRYPTOCURRENCY MARKET FOR MINING, BY OFFERING,
2015-2024 (USD MILLION) 65
TABLE 15 CRYPTOCURRENCY MARKET FOR MINING, BY REGION, 2015-2024 (USD MILLION) 66
TABLE 16 CRYPTOCURRENCY MARKET FOR MINING IN APAC, BY COUNTRY,
2015-2024 (USD MILLION) 66
TABLE 17 CRYPTOCURRENCY MARKET FOR MINING IN NORTH AMERICA, BY COUNTRY, 2015-2024 (USD MILLION) 67
TABLE 18 CRYPTOCURRENCY MARKET FOR MINING IN EUROPE, BY COUNTRY,
2015-2024 (USD MILLION) 67
TABLE 19 CRYPTOCURRENCY MARKET FOR MINING IN ROW, BY REGION,
2015-2024 (USD MILLION) 67
TABLE 20 CRYPTOCURRENCY MARKET FOR MINING, BY TYPE, 2015-2024 (USD MILLION) 68
TABLE 21 CRYPTOCURRENCY MARKET FOR TRANSACTION, BY OFFERING,
2015-2024 (USD MILLION) 70
TABLE 22 CRYPTOCURRENCY MARKET FOR TRANSACTION, BY REGION,
2015-2024 (USD MILLION) 71
TABLE 23 CRYPTOCURRENCY MARKET FOR TRANSACTION IN APAC, BY COUNTRY,
2015-2024 (USD MILLION) 71
TABLE 24 CRYPTOCURRENCY MARKET FOR TRANSACTION IN NORTH AMERICA, BY COUNTRY, 2015-2024 (USD MILLION) 72
TABLE 25 CRYPTOCURRENCY MARKET FOR TRANSACTION IN EUROPE, BY COUNTRY,
2015-2024 (USD MILLION) 72
TABLE 26 CRYPTOCURRENCY MARKET FOR TRANSACTION IN ROW, BY REGION,
2015-2024 (USD MILLION) 72
TABLE 27 CRYPTOCURRENCY MARKET FOR TRANSACTION, BY TYPE,
2015-2024 (USD MILLION) 73
TABLE 28 MARKET CAPITALIZATION OF VARIOUS CRYPTOCURRENCIES FROM
2014 TO 2018 (USD BILLION) 76
TABLE 29 CRYPTOCURRENCY MARKET, BY TYPE , 2015-2024 (USD MILLION) 77
TABLE 30 CRYPTOCURRENCY MARKET, BY APPLICATION, 2015-2024 (USD MILLION) 82
TABLE 31 CRYPTOCURRENCY MARKET FOR TRADING, BY REGION,
2015-2024 (USD MILLION) 83
TABLE 32 CRYPTOCURRENCY MARKET FOR REMITTANCE, BY REGION,
2015-2024 (USD MILLION) 84
TABLE 33 CRYPTOCURRENCY MARKET FOR PAYMENT, BY REGION,
2015-2024 (USD MILLION) 85
TABLE 34 CRYPTOCURRENCY MARKET FOR PAYMENT, BY TYPE, 2015-2024 (USD MILLION) 85
TABLE 35 CRYPTOCURRENCY MARKET, BY REGION, 2015-2024 (USD MILLION) 90
TABLE 36 CRYPTOCURRENCY MARKET IN NORTH AMERICA, BY COUNTRY,
2015-2024 (USD MILLION) 92
TABLE 37 CRYPTOCURRENCY MARKET IN NORTH AMERICA, BY OFFERING,
2015-2024 (USD MILLION) 92
TABLE 38 CRYPTOCURRENCY MARKET IN NORTH AMERICA, BY PROCESS,
2015-2024 (USD MILLION) 92
TABLE 39 CRYPTOCURRENCY MARKET IN NORTH AMERICA, BY APPLICATION,
2015-2024 (USD MILLION) 93
TABLE 40 CRYPTOCURRENCY MARKET IN US, BY PROCESS, 2015-2024 (USD MILLION) 94
TABLE 41 CRYPTOCURRENCY MARKET IN CANADA, BY PROCESS, 2015-2024 (USD MILLION) 95
TABLE 42 CRYPTOCURRENCY MARKET IN MEXICO, BY PROCESS, 2015-2024 (USD MILLION) 96
TABLE 43 CRYPTOCURRENCY MARKET IN EUROPE, BY COUNTRY,
2015-2024 (USD MILLION) 98
TABLE 44 CRYPTOCURRENCY MARKET IN EUROPE, BY OFFERING,
2015-2024 (USD MILLION) 99
TABLE 45 CRYPTOCURRENCY MARKET IN EUROPE, BY PROCESS,
2015-2024 (USD MILLION) 99
TABLE 46 CRYPTOCURRENCY MARKET IN EUROPE, BY APPLICATION,
2015-2024 (USD MILLION) 99
TABLE 47 CRYPTOCURRENCY MARKET IN GERMANY, BY PROCESS,
2015-2024 (USD MILLION) 100
TABLE 48 CRYPTOCURRENCY MARKET IN FRANCE, BY PROCESS, 2015-2024 (USD MILLION) 101
TABLE 49 CRYPTOCURRENCY MARKET IN UK, BY PROCESS, 2015-2024 (USD MILLION) 102
TABLE 50 CRYPTOCURRENCY MARKET IN EAST EUROPE, BY PROCESS,
2015-2024 (USD MILLION) 103
TABLE 51 CRYPTOCURRENCY MARKET IN REST OF EUROPE, BY PROCESS,
2015-2024 (USD MILLION) 104
TABLE 52 CRYPTOCURRENCY MARKET IN APAC, BY COUNTRY, 2015-2024 (USD MILLION) 106
TABLE 53 CRYPTOCURRENCY MARKET IN APAC, BY OFFERING, 2015-2024 (USD MILLION) 106
TABLE 54 CRYPTOCURRENCY MARKET IN APAC, BY PROCESS, 2015-2024 (USD MILLION) 106
TABLE 55 CRYPTOCURRENCY MARKET IN APAC, BY APPLICATION,
2015-2024 (USD MILLION) 107
TABLE 56 CRYPTOCURRENCY MARKET IN CHINA, BY PROCESS, 2015-2024 (USD MILLION) 108
TABLE 57 CRYPTOCURRENCY MARKET IN JAPAN, BY PROCESS, 2015-2024 (USD MILLION) 109
TABLE 58 CRYPTOCURRENCY MARKET IN SOUTH KOREA, BY PROCESS,
2015-2024 (USD MILLION) 109
TABLE 59 CRYPTOCURRENCY MARKET IN REST OF APAC, BY PROCESS,
2015-2024 (USD MILLION) 110
TABLE 60 CRYPTOCURRENCY MARKET IN ROW, BY REGION, 2015-2024 (USD MILLION) 111
TABLE 61 CRYPTOCURRENCY MARKET IN ROW, BY OFFERING, 2015-2024 (USD MILLION) 112
TABLE 62 CRYPTOCURRENCY MARKET IN ROW, BY PROCESS, 2015-2024 (USD MILLION) 112
TABLE 63 CRYPTOCURRENCY MARKET IN ROW, BY APPLICATION,
2015-2024 (USD MILLION) 112
TABLE 64 CRYPTOCURRENCY MARKET IN SOUTH AMERICA, BY PROCESS,
2015-2024 (USD MILLION) 113
TABLE 65 CRYPTOCURRENCY MARKET IN MEA, BY PROCESS, 2015-2024 (USD MILLION) 114
TABLE 66 PRODUCT LAUNCHES, 2015-2018 117
TABLE 67 AGREEMENTS, PARTNERSHIPS, COLLABORATIONS, CONTRACTS, AND
JOINT VENTURES, 2016-2018 118
TABLE 68 ACQUISITIONS 2015-2018 119
TABLE 69 EXPANSION 2016-2018 120

 

LIST OF FIGURES

FIGURE 1 RESEARCH DESIGN 19
FIGURE 2 PROCESS FLOW OF MARKET SIZE ESTIMATION 24
FIGURE 3 BOTTOM-UP APPROACH 25
FIGURE 4 TOP-DOWN APPROACH 26
FIGURE 5 DATA TRIANGULATION 27
FIGURE 6 CRYPTOCURRENCY MARKET FOR SOFTWARE TO GROW AT HIGHER CAGR DURING 2019-2024 30
FIGURE 7 CRYPTOCURRENCY MARKET FOR TRANSACTION TO GROW AT HIGHER CAGR DURING 2019-2024 30
FIGURE 8 CRYPTOCURRENCY MARKET FOR BITCOIN TO HOLD LARGEST SHARE DURING 2019-2024 31
FIGURE 9 CRYPTOCURRENCY MARKET FOR PAYMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 32
FIGURE 10 CRYPTOCURRENCY MARKET IN ROW TO GROW AT HIGHEST CAGR DURING
2019-2024 32
FIGURE 11 APAC TO HOLD LARGEST SIZE OF CRYPTOCURRENCY MARKET DURING
2019-2024 34
FIGURE 12 PEER-TO PEER PAYMENT TO DOMINATE CRYPTOCURRENCY MARKET DURING FORECAST PERIOD 34
FIGURE 13 CRYPTOCURRENCY MARKET FOR POOL MINING TO GROW AT HIGHEST CAGR FROM 2019 TO 2024 35
FIGURE 14 TRADING TO HOLD LARGEST SHARE OF CRYPTOCURRENCY MARKET IN
APAC BY 2018 35
FIGURE 15 CRYPTOCURRENCY MARKET IN SOUTH AMERICA TO GROW AT HIGHEST CAGR FROM 2019 TO 2024 36
FIGURE 16 CRYPTOCURRENCY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,
AND CHALLENGES 37
FIGURE 17 GLOBAL REMITTANCE FLOWS, 2014-2019 38
FIGURE 18 TOP REMITTANCE RECEIVERS, 2017 39
FIGURE 19 COSTS OF REMITTANCES, 2017 VS. 2018 40
FIGURE 20 TOTAL FUNDING, 2013-2018 (USD MILLION) 41
FIGURE 21 VALUE CHAIN ANALYSIS OF CRYPTOCURRENCY, 2018 44
FIGURE 22 SOFTWARE TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 52
FIGURE 23 ASIC TO DOMINATE CRYPTOCURRENCY HARDWARE MARKET DURING FORECAST PERIOD 54
FIGURE 24 EXCHANGE TO DOMINATE CRYPTOCURRENCY MARKET FOR SOFTWARE DURING FORECAST PERIOD 60
FIGURE 25 TRANSACTION TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 64
FIGURE 26 POOL MINING TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 68
FIGURE 27 EXCHANGE TO DOMINATE CRYPTOCURRENCY MARKET FOR TRANSACTIONAL PROCESS IN APAC DURING FORECAST PERIOD 73
FIGURE 28 MARKET CAPITALIZATION OF VARIOUS CRYPTOCURRENCIES FROM 2014 TO 2018 76
FIGURE 29 BITCOIN TO DOMINATE CRYPTOCURRENCY MARKET DURING FORECAST PERIOD 77
FIGURE 30 PAYMENT APPLICATION TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 82
FIGURE 31 CRYPTOCURRENCY MARKET IN ROW TO GROW AT HIGHEST CAGR FROM
2019 TO 2024 89
FIGURE 32 APAC TO HOLD LARGEST SHARE OF CRYPTOCURRENCY MARKET DURING FORECAST PERIOD 90
FIGURE 33 NORTH AMERICA: SNAPSHOT OF CRYPTOCURRENCY MARKET 91
FIGURE 34 MINING TO HOLD LARGER SIZE OF CRYPTOCURRENCY MARKET IN US DURING FORECAST PERIOD 94
FIGURE 35 EUROPE: SNAPSHOT OF CRYPTOCURRENCY MARKET 97
FIGURE 36 ROE TO DOMINATE CRYPTOCURRENCY MARKET IN EUROPE BY 2024 98
FIGURE 37 MINING TO GROW AT LARGER SIZE OF CRYPTOCURRENCY MARKET IN UK
DURING FORECAST PERIOD 102
FIGURE 38 APAC: SNAPSHOT OF CRYPTOCURRENCY MARKET 105
FIGURE 39 MINING TO LEAD CRYPTOCURRENCY MARKET FOR PROCESS IN CHINA DURING FORECAST PERIOD 108
FIGURE 40 SOUTH AMERICA TO LEAD CRYPTOCURRENCY MARKET IN ROW DURING FORECAST PERIOD 111
FIGURE 41 COMPANIES ADOPTED PRODUCT LAUNCHES AS KEY GROWTH STRATEGY FROM 2015 TO 2017 115
FIGURE 42 CRYPTOCURRENCY MARKET: RANKING ANALYSIS OF KEY COMPANIES 116
FIGURE 43 NVIDIA: COMPANY SNAPSHOT 124
FIGURE 44 AMD: COMPANY SNAPSHOT 128
FIGURE 45 XILINX: COMPANY SNAPSHOT 132
FIGURE 46 INTEL: COMPANY SNAPSHOT 139

 

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プレスリリース

[プレスリリース原文]

Cryptocurrency Market worth $1.40 billion by 2024

 

 

October 22, 2018

According to the market research report on "Cryptocurrency Market by Offering (Hardware: GPU, FPGA, ASIC, & Wallet, and Software), Process (Mining and Transaction), Type, Application (Trading, Remittance, Payment: Peer-to-Peer Payment, Ecommerce, and Retail), and Geography - Global Forecast to 2024", The cryptocurrency market is projected to reach USD 1.40 billion by 2024, at a CAGR of 6.18% during the forecast period. Major drivers for market growth are the transparency of distributed ledger technology, high remittances in developing countries, high cost of cross-border remittance, fluctuations in monetary regulations, and growth in venture capital investments. The major factors restraining the growth of the market are uncertain regulatory status, lack of awareness and technical understanding regarding cryptocurrency.

Hardware market for cryptocurrency to hold largest market during forecast period

The hardware market is expected to hold the largest share for cryptocurrency. The need to run and validate huge cryptocurrencies transactions, in turn, creates a need for mining hardware in the cryptocurrency market. These factors help drive the growth of the market for hardware. Recently, major hardware vendors, such as NVIDIA, Intel, and AMD, have started offering mining hardware. Moreover, many start-ups such as Bitfury, GateHub, and Bitmine provide application-specific hardware solutions for cryptocurrency mining.

Peer-to-peer payment to grow at highest CAGR during forecast period

Of all the types of payment application, the peer-to-peer expected to grow at the highest CAGR in the cryptocurrency market. Recently, the value of cryptocoins has surged. Its adoption has grown owing to the growing awareness toward cryptocurrency, especially for payments related to small contracts, salaries, and donations. This would help drive the growth of the market for peer-to-peer payment at the highest CAGR during the forecast period.

APAC to hold largest market share; RoW to witness highest growth rate

APAC is expected to hold the largest share and dominate the cryptocurrency market from 2019 to 2024. This is attributed to the low cost of electricity in China and early adoption of cryptocurrency in Japan. China is the largest market among all APAC countries. Owing to the low cost of electricity, ideal weather conditions, presence of big mining companies, such Bitmain, Canaan Creative CO., LTD, and Ebang Communication, and availability of venture capital funding, the market in APAC is expected to be the largest for cryptocurrency.

The cryptocurrency market in RoW is projected to grow at the highest CAGR during the forecast period. Cryptocurrencies are not specifically regulated; however, they are increasingly being used in RoW. The cryptocurrency market remains unregulated in Brazil. For instance, under Decree 3196 of December 8, 2017, the government of Venezuela was authorized to create its own cryptocurrency, the Petro, which would be physically backed by Venezuelan barrels of oil. All cryptocurrencies are considered a financial asset subject to the rules applicable to such assets under Decree 3196, and none of its provisions declare them illegal.

Key players in the cryptocurrency market include Bitmain (China), NVIDIA (US), Xilinx (US), Intel (US), Advanced Micro Devices (US), Ripple Labs (US), Ethereum Foundation (Switzerland), Bitfury Group (Netherlands), Coinbase (US), BitGo (US), and Binance Holdings (China).

 

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