PORTLAND, Ore., Jan. 24, 2022 /PRNewswire/ -- According to the
report published by Allied Market Research, titled,
"Cryptocurrency Market By Offering (Hardware [ASIC, GPU, FPGA,
and Others] and Software), Process (Mining and Transaction), Type
(Bitcoin [BTC], Ethereum [ETH], Tether [USDT], Binance Coin [BNB],
Cardano [ADA], Ripple [XRP], and Others), and End User (Trading,
Retail & E-commerce, Banking, and Others): Global Opportunity
Analysis and Industry Forecast, 2021-2030". As per the report,
the global cryptocurrency market generated $1.49 billion in 2020 and is estimated to
reach $4.94 billion by 2030, growing at a CAGR of
12.8% from 2021 to 2030.
Major Determinants of the Market Growth
Increase in demand for transparency in the payment system and
surge in flow of remittance from foreign countries have boosted the
growth of the global cryptocurrency market. However, dearth of
awareness regarding virtual currency hinders the market growth. On
the contrary, potential in the developing countries would open new
opportunities in the future.
Download Sample Report (Get Full Insights in PDF - 354 Pages)
@ https://www.alliedmarketresearch.com/request-sample/2075
COVID-19 Outbreak:
- The Covid-19 outbreak resulted in distorted business operations
for receiving upgraded equipment & new hardware, which hampered
the mining operations. This factor negatively affected the
cryptocurrency market.
- However, the as the world is recovering from the pandemic, the
market is expected to get back on track soon.
The Software Segment to Showcase the Highest CAGR through
2030
Based on offering, the software segment is expected to register
the highest CAGR of 14.2% during the forecast period, as it
enables to manage the massive volume of data being generated for
meaningful insights and better-informed decisions. However,
hardware segment held the largest share in 2020, accounting for
more than three-fourths of the global cryptocurrency market share
in 2020. This is due to increase in need to enhance the efficiency
of financial payment tools.
Get Detailed Analysis of COVID-19 Impact on Cryptocurrency
Market @
https://www.alliedmarketresearch.com/request-for-customization/2075?reqfor=covid
The Transaction Segment to Register the Highest CAGR By
2030
Based on process, the transaction segment is projected to
manifest the highest CAGR of 14.6% during the forecast period, as
cryptocurrency transaction allows users with more autonomy over
their own money than fiat currencies and users can control their
money without dealing with intermediary authority. However, the
mining segment dominated in terms of revenue in 2020, accounting
for nearly two-thirds of the global cryptocurrency market share in
2020, due to the fact that the process involves validating data
blocks and adding transaction records to public ledger known as
blockchain.
Asia-Pacific, Followed By
Europe and North America, Held the
Largest Share
Based on region, Asia-Pacific,
followed by Europe and
North America, held the highest
share in 2020, contributing to nearly half of the global
cryptocurrency market. In addition, the segment would register the
fastest CAGR of 14.5% from 2021 to 2030, due to rise in number of
Bitcoin exchange across Asia.
Interested to Procure the Data? Inquire Here @
https://www.alliedmarketresearch.com/purchase-enquiry/2075
Key Players in the Industry
- BitFury Group Limited
- BTL Group Ltd.
- Intel Corporation
- Ledger SAS
- NVIDIA Corporation
- Coincheck Inc.
- Ripple
- Advanced Micro Devices Inc.
- Xilinx Inc.
- Xapo Holdings Limited
Access AVENUE - A Subscription-Based Library (Premium
On-Demand, Subscription-Based Pricing Model)
@ https://www.alliedmarketresearch.com/library-access
Avenue is a user-based library of global market report database,
provides comprehensive reports pertaining to the world's largest
emerging markets. It further offers e-access to all the available
industry reports just in a jiffy. By offering core business
insights on the varied industries, economies, and end users
worldwide, Avenue ensures that the registered members get an easy
as well as single gateway to their all-inclusive requirements.
Avenue Library Subscription | Request For 14 Days Free Trial
of Before
Buying:
https://www.alliedmarketresearch.com/avenue/trial/starter
Similar Reports:
FinTech Lending Market Projected to Reach $4.96 Trillion By 2030
Hybrid Cloud in BFSI Market Anticipated to Grow $36.15 Billion By 2030
B2B Payments Market Expected to Reach $1.91 Trillion By 2028
Robo Advisory Market Estimated to Attain $41.07 Billion By 2027
Digital Lending Platform Market Projected to Hit $20.31 Billion By 2027
Buy Now Pay Later Market Projected to Reach $3.98 Trillion By 2030
Artificial Intelligence in BFSI Market to Garner $247.37 Billion By 2026
Pre-Book Now with 10% Discount:
Cryptocurrency Mining Hardware Market: Global Opportunity
Analysis and Industry Forecast 2021-2030
Cryptocurrency ATMs Market: Global Opportunity Analysis and
Industry Forecast 2021-2030
About Us:
Allied Market Research (AMR) is a full-service market research
and business-consulting wing of Allied Analytics LLP based in
Portland, Oregon. Allied Market
Research provides global enterprises as well as medium and small
businesses with unmatched quality of "Market Research Reports" and
"Business Intelligence Solutions." AMR has a targeted view to
provide business insights and consulting to assist its clients to
make strategic business decisions and achieve sustainable growth in
their respective market domain.
Pawan Kumar, the CEO of Allied
Market Research, is leading the organization toward providing
high-quality data and insights. We are in professional corporate
relations with various companies and this helps us in digging out
market data that helps us generate accurate research data tables
and confirms utmost accuracy in our market forecasting. Each and
every data presented in the reports published by us is extracted
through primary interviews with top officials from leading
companies of domain concerned. Our secondary data procurement
methodology includes deep online and offline research and
discussion with knowledgeable professionals and analysts in the
industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll
Free):
1-800-792-5285, 1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune):
+91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us
on LinkedIn and Twitter
View original
content:https://www.prnewswire.com/news-releases/cryptocurrency-market-to-reach-4-94-billion-globally-by-2030-at-12-8-cagr-allied-market-research-301465850.html
SOURCE Allied Market Research