According to a market report by Lucintel, the future of the cryptocurrency market looks promising with opportunities in the peer-to-peer payment, remittance, e-commerce and retail, and media & entertainment industries. The cryptocurrency market is expected to grow with a CAGR of 32% from 2019 to 2024. The major growth drivers for this market are transparency and immutability of the distributed ledger technology, growing remittance in developing countries, fluctuating monetary regulations, and significant increase in venture capital investments.
In this market, bitcoin, ethereum, ripple (XRP), litecoin, and dashcoin are the major currency types. Within the cryptocurrency market, peer-to-peer payment, remittance, e-commerce and retail, media and entertainment are the major end use industries. Mining and transactions are the major process types of the cryptocurrency market. APAC will remain the largest market over the forecast period.
Nvidia , Xilinx, Intel, Advanced Micro Devices, Bitfury Group, Ripple Labs, Microsoft, Alphapoint Corporation, Amazon.Com, Bitgo and others are among the major players of cryptocurrency
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the cryptocurrency market by currency type, process, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Cryptocurrency Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the cryptocurrency market by currency type, process, end use industry, and region as follows:
By Currency Type [$M shipment analysis for 2013 – 2024]:
• Bitcoin
• Ethereum
• Ripple (XRP)
• Litecoin
• Dash coin
• Others
By Process [$M shipment analysis for 2013 – 2024]:
• Mining
• Transaction
By End Use Industry [$M shipment analysis for 2013 – 2024]:
• Peer-to-Peer Payment
• Remittance
• E-Commerce and Retail
• Media and Entertainment
• Others
By Region [$M shipment analysis for 2013 – 2024]:
• North America
– United States
– Canada
– Mexico
• Europe
– Germany
– UK
– Italy
• Asia Pacific
– China
– Japan
– India
• Rest of the World

A more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industry. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the cryptocurrency market by currency type(bitcoin, ethereum, ripple (XRP), litecoin, and dashcoin), process (mining and transaction), bitcoin (ethereum, ripple (XRP), litecoin, dashcoin), by end use industry (peer-to-peer payment, remittance, e-commerce and retail, media and entertainment), and region (North America, Europe, APAC, ROW)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the cryptocurrency market?
Q.5 What are the business risks and threats to the cryptocurrency market?
Q.6 What are emerging trends in this cryptocurrency market and the reasons behind them?
Q.7 What are some changing demands of customers in the cryptocurrency market?
Q.8 What are the new developments in the cryptocurrency market? Which companies are leading these developments?
Q.9 Who are the major players in this cryptocurrency market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this cryptocurrency area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this cryptocurrency market?"