MarkNtel Advisors – Leading Market Research Company found Global Cryptocurrency Market is expected to reach 50% CAGR Growth By 2027.
This report provides a comprehensive analysis of the Global Cryptocurrency Market, with a focus on market size, segmentation, key players, geographical analysis, and growth in the coming years. The expert team of analysts invested considerable time and effort in collecting and analyzing the latest market data, producing a comprehensive and current report that provides valuable insights for decision-makers, including business owners and analysts.
Comprehensive Analysis of the Cryptocurrency Market
Base Year: 2021
Forecast Years: 2022-2027
Historical Years: 2017-2020
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Scope of the Cryptocurrency Market Report:
The Global Cryptocurrency Market is projected to grow at a CAGR of more than 50% during the forecast period, i.e., 2022-27. The substantially growing market is driven principally by rapidly increasing market caps & transaction volumes of cryptocurrencies, coupled with a rapid surge in venture capital funding and massive global investments in fintech companies. Besides, the mounting popularity of virtual currencies like Bitcoin, Ethereum, & Litecoin, among others, is also contributing to the growth of the cryptocurrency market globally..
Which prominent factor is expected to drive the Cryptocurrency Market during 2022-27?
A prominent issue with the banking sector is the inflation that troubles a country's economy by sinking its currency's value. However, there isn't any negative impact of the financial crisis on cryptocurrencies since their value is globally proportioned. As a result, it makes them a better option for those nations with unstable economic scenarios. Hence, this aspect is the primary driver for the Global Cryptocurrency Market during 2022-27.
What are the different Segment Available in the Cryptocurrency Market?
By Component
- Hardware
- FPGA
- ASIC
- GPU
- CPU
- Software
- Mining Platform
- Exchange
- Wallet
- Blockchain
By Application
- Trading
- E-commerce & Retail
- Peer-to-Peer (P2P) Payments
- Remittance
By Type
- Bitcoin
- Ether
- Litecoin
- Ripple
- Dogecoin
- Others (Monero, Dash, etc.)
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific.
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Leading Cryptocurrency companies operating in the Market
- 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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