Digital currency or electronic currency is similar to physical currency except that it is in the digital format. It enables borderless transfer of ownership and allows instantaneous transactions. The usage of digital currency may be restricted in certain communities for instance, in social network or online gaming.
MARKET DYNAMICS
Increasing need for convenient and less-fee transactions is significantly driving the growth of the digital currency market. Further, rising concern regarding fraudulent activities is steering the demand for digital currencies. However, factors such as lack of awareness is impeding the growth of the digital currency market to a considerable extent.
MARKET SCOPE
The "Global Digital currency Market Analysis to 2028" is a specialized and in-depth study of the digital currency industry with a special focus on the global market trend analysis. The report aims to provide an overview of digital currency market with detailed market segmentation by type and geography. The global digital currency market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading digital currency market players and offers key trends and opportunities in the digital currency market.
MARKET SEGMENTATION
The global digital currency market is segmented on the basis of type. Based on type, the market is segmented as identified digital currency and anonymous digital currency.
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REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global digital currency market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The digital currency market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
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The report analyzes factors affecting digital currency market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the digital currency market in these regions.
MARKET PLAYERS
The reports cover key developments in the digital currency market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from digital currency market are anticipated to lucrative growth opportunities in the future with the rising demand for Digital currency in the global market. Below mentioned is the list of few companies engaged in the digital currency market.
The report also includes the profiles of key Digital currency companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
-Coinbase
-GoCoin LLC
-Ripple
-SAFELLO AB
-Xapo
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