The Cryptocurrency Market is set to grow at around 50% CAGR during 2022-27, predicts MarkNtel Advisors in their recent research study. It comprises a comprehensive analysis of the industry’s latest trends, developments, drivers, restraints, challenges, & opportunities, as well as its projected growth trajectory across different segments & geographies in the forecast years.
Further, the report also highlights the prominent aspects depicted in the form of diagrams, pie charts, tables, graphs, & other pictorial representations that would contribute to the market expansion in the future. Through this information, stakeholders will be able to comprehend the changing dynamics of the Cryptocurrency Market and better plan & layout strategies in order to widen their visibility, product portfolio, & customer base and yield massive profits. In the report, the historical period considered is 2017-20, the base year 2021, and the forecast period, as cited above, is 2022-27.
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Mounting Concerns over Financial Crisis associated with Traditional Banking –
Inflation, which harms a country’s economy by lowering the value of its currency, is a major issue in the banking sector. However, the financial crisis has had little negative impact on cryptocurrencies because their value is universally proportional. As a result, they are a preferable solution for countries with volatile economic prospects. As a result, this factor will be the key driver of the Cryptocurrency Market from 2022 to 2027.
Key Highlights from the Cryptocurrency Market Article –
➤This study is a compilation of key factors impacting the industry dynamics, including growth drivers, restraints, opportunities, challenges, and emerging & high-potential segments & geographies, among others.
➤Detail-driven, accurate, and reliable information associated with the latest trends in the industry to help stakeholders or investors make informed decisions before they make investments.
➤A comprehensive review of the leading companies in the Cryptocurrency Market, comprising their profiles, recent developments, prominent business strategies, initiatives, and mergers & acquisitions, among other aspects.
➤Fund estimation put in by private firms & governments for the industry’s expansion, along with insights into each segment & geographic location, are also covered in this report.
Increasing Misuse of Digital Currencies for Illegal Acts –
Because cryptocurrencies are decentralized and unlicensed, several regulatory agencies throughout the world are concerned about their rising usage for unlawful activities such as money laundering, terrorist financing, and tax avoidance by criminals. Additionally, the increasing prevalence of cyberattacks globally, which have led in enormous investment losses in recent years, is another factor limiting cryptocurrency adoption. As a result, these incidents, along with the increasing misuse of virtual currencies, may serve as major growth challenges for the Cryptocurrency Market between 2022-2027.
Cryptocurrency Market Segmentation:
The segmentation analysis section of the report focuses on the Cryptocurrency Market performance across different segments & geographies, which can aid stakeholders in strategizing their investments in order to widen their visibility, product portfolio, & customer base and, in turn, generate significant revenue in the forecast years.
Market Divided into, By Component
-Hardware
–FPGA
–ASIC
–GPU
–CPU
-Software
–Mining Platform
–Exchange
–Wallet
Market Divided into, By Application
-Trading
-E-commerce & Retail
-Remittance
Market Divided into, By Type
-Bitcoin
-Ether
-Litecoin
-Ripple
-Dogecoin
-Others (Monero, Dash, etc.)
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Geographically, the Cryptocurrency Market expands across regions: –
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific
Competitive Landscape:
Under this section, detailed information on company profiles, investments & revenue generated, strategic initiatives, geographical presence, and production or service capacities, among other aspects, have been examined. All insights into companies have been curated only after thoroughly studying their hold in the industry to help investors make informed decisions before investing.
-Advanced Micro Devices, Inc.
-Bitfury Group Limited.
-Bitmain Technologies Ltd.
-Coinbase
-CryptoMove Inc.
-Intel Corporation
-Ledger SAS
-Nvidia Corporation
-Quantstamp Inc.
-Ripple Labs, Inc.
-Xilinx, Inc.
-Others
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