Research and Markets has announced the publication of the “Global Crypto Currency Market 2016-2020” report, which covers the present scenario and the growth prospects of the global cryptocurrency market in terms of volume for that time period. In order to calculate the total market capitalization, the report considers market capitalization of all cryptocurrencies in the present market. Based on an in-depth market analysis with inputs from industry experts, the report also includes a discussion of the key vendors operating in this market.
The report answers a number of questions, looking at what the market size and growth rate will be in 2020, the key market trends, what is driving the market, what the challenges to market growth are, who are the key vendors are and the strengths and weaknesses of the key vendors. To come to these conclusions, the author of the report recognizes companies of Bitcoin, Litecoin, Namecoin, Novacoin, Peercoin and Ripple as the key players in the Global Cryptocurrency Market. However, other cryptocurrency companies such as Bitshares, Bytecoin, Dogecoin, Feathercoin, Primecoin, Megacoin, Nxt, and Stellar are also taken into account.
Commenting on the report, an analyst from the research team said: “Banks have the potential to obstruct the trade between cryptocurrency and the national currency, but cannot completely inhibit its growth. Charlie Shrem, a Bitcoin advocate and a member of the Bitcoin Foundation, was prohibited from dealing with any leading banks. The banks stated that Charlie Shrem is a competitor for them and a threat to their business. The rivalry between banks and cryptocurrency is anticipated to grow during the forecast period.”
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.