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Global Digital Coin Market 2016-2020

  • Published: May 2016
  • Pages: 56
  • SKU: IRTNTR9422
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This market research report presents a comprehensive analysis of the key market trends, drivers, and challenges that influence the growth of the global digital coin market. It also outlines the market shares for key regions such as the Americas, APAC, and EMEA. The leading vendors in this market are Bitcoins, Ethereum, Ripple, Litecoin, and Dogecoin.

Digital Coin Market overview

According to the digital coin industry analysis, Technavio’s market research analyst predicts the global digital coin market to grow at a CAGR of more than 7% by 2020.  This market is primarily driven by Bitcoin, the leading vendor in the digital currency market. The bitcoin network has gained wide acceptance across the globe as the investors believe that bitcoins are a safe option for investment owing to their huge market share and highest acceptance rate, compared to other digital currencies. With the growing popularity of digital currencies, several companies are launching the bitcoin network to the mainstream economy. In addition, they are also trying to leverage the digital currencies to ease the streamlining of international transfer, which will help investors to actively engage in the foreign exchange market without incurring huge transaction costs.

To ensure fast and secure transactions, several corporations are formulating long-term strategies to make use of digital currencies. Companies are opting for such currency forms for secure online payments and to reduce the number of intermediaries between the merchants and the customers. Moreover, the implementation of the digital coin technology will be beneficial for the foreign exchange and international remittances and will also help in the complex clearing and settlement of securities. Besides enabling the cross-border payments, these systems will speed up the money transfer process across different financial services.

Geographical segmentation and analysis of the digital coin market

  • Americas
  • EMEA
  • APAC

EMEA is the largest region in the digital coin market and is expected to occupy around 52% of the total market share by 2020. In Europe, the European Securities and Markets Authority (ESMA) has undertaken investigations of blockchain technologies and digital currencies, which is boosting the investment rate in the region. Digital currencies are gaining prominence in this region as all transactions are open to people. This increases the transparency and credibility rate of these transaction systems.

Competitive landscape and key vendors

The market is expected to witness high growth owing to the increasing investments in digital coins by entrepreneurs and developers. As the market is decentralized, it will help vendors to focus on creating better versions of digital coins and other product innovations. Constant innovations in the market are expected to spur immense growth opportunities for the market vendors in the coming years. The key vendors in the market are focusing on developing new payment types during the forecast period to augment their market shares.

Key vendors in the market include 

  • Bitcoins
  • Ethereum
  • Ripple
  • Litecoin
  • Dogecoin

Other prominent vendors in the digital coin market are  Dash, Factom, MaidSafeCoin, Peercoin, Novacoin, Namecoin, and Novacoin.

Growth drivers, challenges, and upcoming trends:  Growing use of P2P platforms

Upcoming trends such as (peer-to-peer) P2P lending platforms are gaining popularity in the digital coin market as they connect both lenders and borrowers, and provides clear visibility in terms of the risks associated with investments. P2P lending operates across borders and supports wider payment systems like Bitcoins and cryptocurrencies. Also, such lending platforms help lenders to gain better collateral information, assists them in analyzing and managing loans, and allows them to make efficient underwriting decisions.

This report provides a number of factors contributing to the adoption, limitations, and opportunities of the digital coin market. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the digital coin market growth.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global digital coin market?
  • What are the key market trends impacting the growth of the global digital coin market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global digital coin market?
  • What are the market opportunities and threats faced by the vendors in the global digital coin market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global digital coin market?

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • Market overview
  • Top-vendor offerings
  • Other prominent vendors

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights
  • Definition of digitalcoin
  • Working of digitalcoins

PART 05: Market landscape

  • Market overview
  • Market size and forecast

PART 06: Global market outlook

PART 07: Geographical segmentation

  • Geographical segmentation
  • EMEA
  • Americas
  • APAC

PART 08: Market drivers

  • Low transaction cost
  • Increased adoption of digitalcoins
  • Blockchain as an underlying technology

PART 09: Impact of drivers

PART 10: Market challenges

  • Liquidity limits
  • Regulatory issues
  • Lack of expert knowledge in developing countries

PART 11: Impact of drivers and challenges

PART 12: Market trends

  • Huge capital investments in digitalcoin start-ups
  • Central banks to implement own brand of digital currencies
  • P2P cryptocurrency platforms

PART 13: Vendor landscape

  • Competitive landscape
  • Performance of top vendors
  • Business overview
  • Available supply of digitalcoins till January 2016

PART 14: Appendix

  • List of abbreviations

PART 15: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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