Press release
Cryptocurrency Market is projected to reach USD 9.12 Billion by 2030 : Cognitive Market Research
Cryptocurrency Market is projected to reach USD 9.12 Billion by 2030 : Cognitive Market Research
• Introduction of the Cryptocurrency Market
Cryptocurrency is a digital or virtual currency that uses cryptography to secure and verify transactions and to control the creation of new units. Cryptocurrencies operate independently of central banks and are decentralized systems that rely on blockchain technology, which is a distributed ledger that records and validates transactions. Cryptocurrencies can be used as a medium of exchange for goods and services or as speculative investment assets. Some well-known examples of cryptocurrencies include Bitcoin, Ethereum, Litecoin, and Ripple.
Summary:
The Global Cryptocurrency Market size was valued at USD 3.63 Billion in 2022 and will reach USD 9.12 Billion by 2030, at a CAGR of 12.2% during the forecast period (2023-2030).
"To know more about The Cryptocurrency Market statistics click here: https://www.cognitivemarketresearch.com/cryptocurrency-market-report
Market Dynamics:
• Factors Impacting on Cryptocurrency Market
The global cryptocurrency market is driven by the growing adoption of distributed ledger technology. Furthermore, cryptocurrencies are gaining wider acceptance across the globe, with many merchants and businesses accepting them as a form of payment. This is increasing demand for cryptocurrencies and driving their value up. However, the lack of awareness and negative regulatory developments, such as restrictions or bans on cryptocurrencies can have a negative impact on market growth.
Market Segmentation:
Component
• Hardware
• Software
Based on the Component, the hardware segment held the largest market share, in 2022 and is expected to retain its dominance during the forecast period. The factors such as increasing demand for cryptocurrency mining devices, higher processing speed, and reduced power consumption are projected to drive the growth of the Hardware segment.
Type
• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Ripple
• Others
Based on type, the Bitcoin segment held the largest share in 2022 and is expected to lead their position market over the forecast period. Bitcoin is a peer-to-peer, decentralized electronic currency. It provides protection from payment fraud and funds are settled immediately. with increasing bitcoin trades due to the emergence of Bitcoin Exchange Traded Funds (ETFs) are anticipated to enhance the segment's growth.
Process
• Mining
• Transaction
Based on the process, the mining segment dominated the market in the year 2022 owing to increasing investment in developing crypto mining farms by companies.
Hardware
• Central Processing Unit
• Graphics Processing Unit
• Application-Specific Integrated Circuit
• Field Programmable Gate Array
Software
• Mining Software
• Exchange Software
• Wallet
• Payment
• Others
End-Use
• Banking
• Gaming
• Government
• Healthcare
• Retail & E-commerce
• Trading
• Others
The Major Players in Cryptocurrency Market are:
ZEB IT Service, Coinsecure, Coinbase, Bitstamp, Litecoin, Poloniex, BitFury Group, Unocoin Technologies Private, Ripple, OKEX Fintech Company, Bitfinex
Get free sample pages of the latest published Cryptocurrency Market Report:
https://www.cognitivemarketresearch.com/cryptocurrency-market-report#request_sample
Regional Analysis:
Asia Pacific is a leading region of the Cryptocurrency Market
- Asia Pacific led the Cryptocurrency Market in 2022 and is anticipated to grow at the fastest rate during the forecast period. This growth is attributed to the increasing number of Bitcoin exchanges across Asia along with the presence of large cryptocurrency mining companies. In addition wider acceptance of cryptocurrency by many merchants and banks, financial services, and other businesses is driving the growth of the market in this region.
News:
• Bitmain Partnered with BitFuFu to Start a Marketplace for Crypto Mining Rig Coupons
In February 2023, BitFuFu started a marketplace for discount coupons on the Antiminer branded rigs manufactured by Bitmain, a manufacturer of crypto mining machines.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Cryptocurrency Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Cryptocurrency Market Segmentation
1.5.1 Cryptocurrency Market Regional Fragmentation
1.5.1 Cryptocurrency Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research Methodology Review Complete Research Methodology
Chapter 3 Executive Summary of the Cryptocurrency Market
Chapter 4 Global Cryptocurrency Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Cryptocurrency Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Cryptocurrency Market by Component Segmentation Analysis (2018-2030)
Chapter 11 Global Cryptocurrency Market by Process Segmentation Analysis (2018-2030)
Chapter 12 Global Cryptocurrency Market by Hardware Segmentation Analysis (2018-2030)
Chapter 13 Global Cryptocurrency Market by Software Segmentation Analysis (2018-2030)
Chapter 14 Global Cryptocurrency Market by End-Use Segmentation Analysis (2018-2030)
Chapter 15 Global Cryptocurrency Market Regional Analysis
• 15.1 Detailed Qualitative Analysis
• 15.2 Global Cryptocurrency Market Revenue by Region (2018-2030)
• 15.2 Global Cryptocurrency Market Share (%) by Region (2018-2030)
Chapter 16 North America Cryptocurrency Market Outlook (2018 - 2030)
Chapter 17 Europe Cryptocurrency Market Outlook (2018 - 2030)
Chapter 18 Asia Pacific Cryptocurrency Market Outlook (2018 - 2030)
Chapter 19 Latin America Cryptocurrency Market Outlook (2018 - 2030)
Chapter 20 Middle East and Africa Cryptocurrency Market Outlook (2018 - 2030)
Chapter 21 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about Cryptocurrency Market TOC click here: https://www.cognitivemarketresearch.com/cryptocurrency-market-report#table_of_contents
Related Reports:
• Crypto Card Market - https://www.cognitivemarketresearch.com/crypto-card-market-report
• Cryptocurrency Exchange Market - https://www.cognitivemarketresearch.com/cryptocurrency-exchange-market-report
• Cryptocurrency Payment Apps Market - https://www.cognitivemarketresearch.com/cryptocurrency-payment-apps-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
USA: +1 312-376-8303
Europe and UK: (+44) 20-8144-9523
Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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