The latest report by IMARC Group, titled “Cryptocurrency Market: Global Industry Trends, Share, 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 virtual or digital money secured via cryptography so as to prevent counterfeit and to monitor transactions. Its essential function is to act as a medium of exchange value among the peer-to-peer economic systems. Cryptocurrency is decentralized through a distributed network of computers that are present across the globe. Digital currency can be sent directly between two or more parties with the help of public or private keys. Cryptocurrency offers several benefits, such as inflation resistance, divisibility, transparency, improved portability, etc. It also has minimal interference or manipulation from government bodies since 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 industry verticals are primarily driving the cryptocurrency market. In addition to this, the rising penetration of high-speed internet is further catalyzing the market growth. Besides this, the emerging trend of legalization and approval of digital currencies across the globe for the purchase, sale, trade, etc., of goods and services is acting as another significant growth-inducing factor. Apart from this, the growing consumer awareness towards the numerous associated benefits of cryptocurrencies, such as improved transparency, convenient access to online trading platforms that are utilized through smartphones, minimized risk of unwanted or fraudulent transactions, etc., is also augmenting the market growth. Moreover, the launch of bitcoin cash and bitcoin lite and the expanding market capitalization of popular virtual currencies are 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.
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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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