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The Cryptocurrency market is touted to record commendable proceeds over the coming years, driven by the surging requirement for low-cost digital payment systems across enterprises. Distributed ledger technology coupled with cryptocurrencies have been instrumental in enabling the improvement of tracking capabilities and trading.
This growth is attributed to the rising emphasis of cryptocurrency companies on digital assets. This, in turn, is expected to impel the development of innovative cryptocurrency hardware and software components, supporting cryptocurrency market over the ensuing years.
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An increase in technology enterprises that are focusing on the development of advanced services and solutions for enabling cryptocurrency transactions in e-commerce applications is expected to propel the demand for cryptocurrency. The e-commerce & retail segment in the cryptocurrency market is set to record appreciable revenue between 2021 and 2027.
GPUs are deployed over conventional CPUs for optimized performance in the process of cryptocurrency mining. The Graphical Processing Unit (GPU) segment is poised to expand at a substantial CAGR of over 10% through projected period.
GPUs are also used for addressing the requirement for high-performance efficiency in the processing of repetitive computations. The availability of advanced ALUs (Arithmetic Logic Unit) enable high extended output in applications associated with crypto mining.
Consistent developments in technology coupled with extensive presence of several technology enterprises in North America is expected to augment the demand for cryptocurrency apps in the region. Owing to this, the North America cryptocurrency market size will record remarkable growth through the analysis period.
The emergence of smart contracts coupled with a rising emphasis on decentralized finance has been instrumental in augmenting the demand for Ethereum across enterprises.
One of the prominent cryptocurrencies, Ethereum features improved capacities of payment & cryptography. The cryptocurrency is also developed on the basis of the financial system of Ethereum Corporation. The system enables individuals to trade Ethereum for ETH-backed tokens.
In a nutshell, increasing advancements in block-chain financial technologies as well as distributed hyper ledgers, will escalate cryptocurrency market value through the assessment period.
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Partial Chapter of the Table of Content
Chapter 6. Cryptocurrency Market, By Type
6.1. Key trends, by type
6.2. Bitcoin
6.2.1. Market estimates and forecast, 2016 – 2027
6.3. Binance coin
6.3.1. Market estimates and forecast, 2016 – 2027
6.4. Ethereum
6.4.1. Market estimates and forecast, 2016 – 2027
6.5. XRP (Ripple)
6.5.1. Market estimates and forecast, 2016 – 2027
6.6. Tether
6.6.1. Market estimates and forecast, 2016 – 2027
6.7. Cardono
6.7.1. Market estimates and forecast, 2016 – 2027
Chapter 7. Cryptocurrency Market, By End-use
7.1. Key trends, by end-use
7.2. E-commerce & retail
7.2.1. Market estimates and forecast, 2016 – 2027
7.3. Trading
7.3.1. Market estimates and forecast, 2016 – 2027
7.4. Peer-to-peer payment
7.4.1. Market estimates and forecast, 2016 – 2027
7.5. Remittance
7.5.1. Market estimates and forecast, 2016 – 2027
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