The latest report by IMARC Group, titled “Cryptocurrency Market: Global Industry Trends, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the global cryptocurrency market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global cryptocurrency market size reached a US$ 1,782 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 32,420 Billion by 2027, exhibiting at a CAGR of 58.4% during 2022-2027.
Cryptocurrency refers to the virtual or digital money secured by cryptography to prevent counterfeit and monitor transactions. It is a form of digital asset with an essential function to act as a medium of exchange value among the peer-to-peer economic system. Cryptocurrency is decentralized by a kind of distributed network of computers that are available across the globe. Digital currency can be sent directly among the two parties with the help of public and private keys. It offers several benefits, such as improved portability, inflation resistance, divisibility, transparency, etc. Cryptocurrency has minimal interference or manipulation from government bodies as it is not issued by any centralized authority.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Important Attribute and highlights of the Report:
Detailed analysis of the global market share
Market Segmentation
Historical, current, and projected size of the market in terms of volume and value
Latest industry trends and developments
Competitive Landscape
Strategies of major players and product offerings
Global Cryptocurrency Market Trends:
The elevating digitalization levels across numerous industries are primarily propelling the cryptocurrency market. Besides this, the rising penetration of high-speed internet connectivity is further catalyzing the product demand. Moreover, the emerging trend of legalization and approval of digital currencies for the purchase, sale, or trade of goods and services across countries is acting as another significant growth-inducing factor. In addition to this, the growing consumer awareness towards numerous associated benefits of cryptocurrencies, including improved transparency, minimized risk of unwanted or fraudulent transactions, convenient access to online trading platforms that are utilized through smartphones, is also augmenting the market growth. Furthermore, the launch of bitcoin cash and bitcoin lite, along with the expanding market capitalization of popular virtual currencies, is anticipated to bolster the cryptocurrency market over the forecasted period.
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these Cryptocurrency Companies include:
Advanced Micro Devices Inc., Alphapoint Corporation, Bitfury Holding B.V., Coinbase Inc., Cryptomove Inc., Intel Corporation, Microsoft Corporation, Quantstamp Inc. and Ripple Labs Inc.
The report has segmented the market on the basis of region, type, component, process and application.
Breakup by Type:
Bitcoin
Ethereum
Bitcoin Cash
Ripple
Litecoin
Dashcoin
Others
Breakup by Component:
Hardware
Software
Breakup by Process:
Mining
Transaction
Breakup by Application:
Trading
Remittance
Payment
Others
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
Key highlights of the Report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
Preface
Scope and Methodology
Executive Summary
Introduction
Global Market
SWOT Analysis
Value Chain Analysis
Price Analysis
Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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