Cryptocurrency & Blockchain Technology Market to Post 35.2% CAGR up to 2022, Says Infoholic Research in Report Available at MarketPublishers.com09 Feb 2017 • by Natalie Aster
LONDON – Cryptocurrency is a digital currency, using cryptography techniques to add security to transactions and to restrain the creation of additional units of currency. Cryptocurrency is decentralized. It doesn’t have any third party involved in production of new currency, verification of transactions and protection of currency supply. Meantime, the blockchain is recognized as a ledger, which shows the transaction activities between peers. Moreover, cryptocurrency isn’t bound by any regulations of any government or interest rates, exchange rates and country-to-country transaction fees, etc.
The key drivers of the cryptocurrency market comprise proper authentication and security, ease of transaction and also “push mechanism”, which allows the cryptocurrency holder to send exactly what he wants without any further info. Worldwide, over 70% of mobile phone users give preference to transactions via their phones, which also acts as the driver of the cryptocurrency market growth.
Between 2017 and 2022, the world’s cryptocurrency and blockchain technology market is predicted to see impressive growth at a 35.2% CAGR. The demand for these technologies is spurred by rising number of online transactions, changing business and consumer landscapes, lower transaction fees and benefits they provide like faster and easier transaction.
The Americas is anticipated to keep the dominant position in the world’s cryptocurrency and blockchain technology market, followed by the European region. Moreover, APAC and MEA are set to emerge as lucrative and rather promising markets.
Cutting-edge study “Worldwide Crypto-currency and Blockchain Technology Market (2016–2022)” elaborated by Infoholic Research gives a detailed analysis of the global market cryptocurrency and blockchain technology. It contains reliable info on the historical and present market performance, sheds light on the market dynamics, discusses top trends, identifies major challenges and lucrative opportunities and also presents forecast through 2022. The report touches upon the competitive scenario, reviews the dominant companies, investigates the current situation across the key geographical markets for cryptocurrency and blockchain, covers the recent industry developments and canvasses the burning issues.
Follow to the Infoholic Research page and find many more in-demand research reports by the publisher.