Tuesday, 27 July 2021 12:06 GMT

Cryptocurrency Market To Witness Astonishing Growth By 2026 | NVIDIA, Xilinx, Intel


(MENAFN - iCrowdNewsWire) HTF Market Intelligence released a new research report of 165 pages on title ‘Global Cryptocurrency Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027’  with detailed analysis, forecast and strategies.

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Summary

What is Cryptocurrency Market Scope?

Growth in Venture Capital Investments will help to boost the global Cryptocurrency market. The advent of Bitcoin marked the birth of cryptocurrency. Developed in 2008 and launched in 2009, Bitcoin was the first cryptocurrency creating a class of its own. Cryptocurrency is not merely money that exists in the digital space; it relies on a decentralized form of control, meaning that it is not regulated by banks, governments, or any intermediating entity with a higher power. Instead, ownership, security, and verification are based on a system of cryptography, which works as the medium of storing the currency and processing it. The U.S. Dollar has lost more than 80% of its purchasing power in the last 40 years. à The cryptocurrency market hit USD 350 million in total currencies as of April 2018. On August 22, 2018, the entire crypto sphere amassed USD12 billion in one day for the top 100 altcoins and Bitcoin. Cryptocurrency market shares (aside from Bitcoin) have grown rapidly in the past year. Bitcoin remains the dominant crypto coin by market share, though in recent years, altcoins have reduced Bitcoin’s stature through their own rising market shares. The following graph displays the market shares of Bitcoin and major altcoins between April 2013 and June 2018.

The market study is being classified by Type (Bitcoin , Ethereum (ETH) , Ripple (XRP) , Dashcoin , Litecoin (LTC) , Bitcoin Cash and Others), by Application (Trading, Remittance and Payment) and major geographies with country level break-up. According to AMA, the Global Cryptocurrency market is expected to see growth rate of 6.25%

The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Cryptocurrency market throughout the predicted period.

Bitmain (China), NVIDIA (United States), Xilinx (United States), Intel (United States), Advanced Micro Devices (AMD) (United States), Ripple (United States), Bitfury (Netherlands), Ethereum Foundation (Switzerland), CoinBase (United States) and BitGo (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Binance (China).

Segmentation Analysis

AdvanceMarketAnalytics has segmented the market of Global Cryptocurrency market by Type, Application and Region.

On the basis of geography, the market of Cryptocurrency has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.

Influencing Market Trend

Fluctuations in Monetary Regulations
Transparency of Distributed Ledger Technology

Market Drivers

High Remittances in Developing Countries
High Cost of Cross-Border Remittance

Opportunities

Significant Growth Opportunities in Emerging and Developed Markets
Acceptance of Cryptocurrency Across Various Industries

Restraints

Lack of Awareness and Technical Understanding Regarding Cryptocurrency
Uncertain Regulatory Status

Challenges

Concern Regarding Security, Privacy, and Control
Technical Challenges Pertaining to Scalability

Key Target Audience

Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others

Customization available in this Study:

The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.

To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research & Media features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.

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Strategic Points Covered in Table of Content of Global Cryptocurrency Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027 Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Global Cryptocurrency Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027market. (Introduction, Scope of the Report)Chapter 2: Exclusive Summary – the basic information of the Global Cryptocurrency Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027 Market. (Introduction)
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Global Cryptocurrency Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027 (Market Dynamics- Drivers, Trends, Opportunity, Restraints & Challenges)
Chapter 4: Presenting the Global Cryptocurrency Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027 Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Global Cryptocurrency Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027 market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source.
List of some of the Tables and Figures
Figure Global Global Cryptocurrency Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027 CAGR (%), Y-o-Y Growth ( & )
 and Market Size, 2016-2027 (USD Million)
Figure Global Global Cryptocurrency Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027 CAGR (%), Y-o-Y Growth ( & )
 and Market Size, 2016-2027 (Sales)Figure Global Sales Market Share of Global Cryptocurrency Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027 by Types in 2021Figure Global Cryptocurrency Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027 Sales Market Share by Applications in 2021Table Global Cryptocurrency Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027Type and Applications
Table Market Sales, Price, Revenue, Gross Margin and Market Share (2020-2021)
Table  Market Revenue by Countries (2016-2021)
Table Global Global Cryptocurrency Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2027 Sales by Type (2016-2021)

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