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Global Cryptocurrency Market to reach USD XX billion by 2028.

Global Cryptocurrency Market Size study, By Offering (Hardware, Software), By Process (Mining, Transaction), By Type (Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, Dash, Others), and Regional Forecasts 2022-2028

Product Code: BFBFSI-37147126
Publish Date: 9-05-2022
Page: 200

Global Cryptocurrency Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028.

A cryptocurrency is also known as crypto or crypto-currency. It is a digital currency that is introduced to work as a medium of exchange with the help of a computer network, which is not dependent on any central authority like a bank or a government to maintain or uphold it. The rising transparency of distributed ledger technology, growing inflow of remittances to developing countries, increasing charges of cross-border remittances, and growth in venture capital investments are the chief factors that are surging the market demand across the globe. For instance, according to Statista, in 2018, the total value of venture capital investments in Europe was stood at USD 23.23 billion and the amount rose and reached USD 43.62 billion in 2019. Consequentially, increasing venture capital investments is propelling the demand for cryptocurrency, thus, in turn, accelerating the market growth in the approaching years. However, a lack of awareness and technical understanding regarding cryptocurrencies and rising concerns regarding security, privacy, and control impede the growth of the market over the forecast period of 2022-2028. Also, increasing acceptance of cryptocurrency across various industries and growth of the emerging markets are anticipated to act as a catalyzing factor for the market demand during the forecast period.

The key regions considered for the global Cryptocurrency Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the high acceptance of digital cash by the population and the rising popularity of bitcoin mining in the region. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the growing awareness about the benefits of cryptocurrency, as well as the development of the developing economies such as India and China would create lucrative growth prospects for the Cryptocurrency Market across the Asia-Pacific region.

Major market players included in this report are:
Bitmain Technologies Ltd.
Nvidia Corporation
Xilinx, Inc.
Intel Corporation
Advanced Micro Devices, Inc.
Ripple Labs, Inc.
Ledger SAS
Bitfury Group
Coinbase Global, Inc.
Binance Holdings Ltd.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Offering
Hardware
Software
By Process
Mining
Transaction
By Type
Bitcoin
Ethereum
Bitcoin Cash
Ripple
Litecoin
Dash
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Cryptocurrency Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Global Cryptocurrency Market, by Region, 2020-2028 (USD Billion)
1.2.2. Global Cryptocurrency Market, by Offering, 2020-2028 (USD Billion)
1.2.3. Global Cryptocurrency Market, by Process, 2020-2028 (USD Billion)
1.2.4. Global Cryptocurrency Market, by Type, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Cryptocurrency Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Cryptocurrency Market Dynamics
3.1. Cryptocurrency Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Rising inflow of remittances to developing countries
3.1.1.2. Growth in venture capital investments
3.1.2. Market Challenges
3.1.2.1. Lack of awareness and technical understanding regarding cryptocurrencies
3.1.2.2. Rising concerns regarding security, privacy, and control
3.1.3. Market Opportunities
3.1.3.1. Increasing acceptance of cryptocurrency across various industries
3.1.3.2. Growth of the emerging markets
Chapter 4. Global Cryptocurrency Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Cryptocurrency Market, by Offering
6.1. Market Snapshot
6.2. Global Cryptocurrency Market by Offering, Performance – Potential Analysis
6.3. Global Cryptocurrency Market Estimates & Forecasts by Offering 2018-2028 (USD Billion)
6.4. Cryptocurrency Market, Sub Segment Analysis
6.4.1. Hardware
6.4.2. Software
Chapter 7. Global Cryptocurrency Market, by Process
7.1. Market Snapshot
7.2. Global Cryptocurrency Market by Process, Performance – Potential Analysis
7.3. Global Cryptocurrency Market Estimates & Forecasts by Process 2018-2028 (USD Billion)
7.4. Cryptocurrency Market, Sub Segment Analysis
7.4.1. Mining
7.4.2. Transaction
Chapter 8. Global Cryptocurrency Market, by Type
8.1. Market Snapshot
8.2. Global Cryptocurrency Market by Type, Performance – Potential Analysis
8.3. Global Cryptocurrency Market Estimates & Forecasts by Type 2018-2028 (USD Billion)
8.4. Cryptocurrency Market, Sub Segment Analysis
8.4.1. Bitcoin
8.4.2. Ethereum
8.4.3. Bitcoin Cash
8.4.4. Ripple
8.4.5. Litecoin
8.4.6. Dash
8.4.7. Others
Chapter 9. Global Cryptocurrency Market, Regional Analysis
9.1. Cryptocurrency Market, Regional Market Snapshot
9.2. North America Cryptocurrency Market
9.2.1. U.S. Cryptocurrency Market
9.2.1.1. Offering estimates & forecasts, 2018-2028
9.2.1.2. Process estimates & forecasts, 2018-2028
9.2.1.3. Type estimates & forecasts, 2018-2028
9.2.2. Canada Cryptocurrency Market
9.3. Europe Cryptocurrency Market Snapshot
9.3.1. U.K. Cryptocurrency Market
9.3.2. Germany Cryptocurrency Market
9.3.3. France Cryptocurrency Market
9.3.4. Spain Cryptocurrency Market
9.3.5. Italy Cryptocurrency Market
9.3.6. Rest of Europe Cryptocurrency Market
9.4. Asia-Pacific Cryptocurrency Market Snapshot
9.4.1. China Cryptocurrency Market
9.4.2. India Cryptocurrency Market
9.4.3. Japan Cryptocurrency Market
9.4.4. Australia Cryptocurrency Market
9.4.5. South Korea Cryptocurrency Market
9.4.6. Rest of Asia Pacific Cryptocurrency Market
9.5. Latin America Cryptocurrency Market Snapshot
9.5.1. Brazil Cryptocurrency Market
9.5.2. Mexico Cryptocurrency Market
9.6. Rest of The World Cryptocurrency Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Bitmain Technologies Ltd.
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject to Data Availability)
10.2.1.4. Product Summary
10.2.1.5. Recent Developments
10.2.2. Nvidia Corporation
10.2.3. Xilinx, Inc.
10.2.4. Intel Corporation
10.2.5. Advanced Micro Devices, Inc.
10.2.6. Ripple Labs, Inc.
10.2.7. Ledger SAS
10.2.8. Bitfury Group
10.2.9. Coinbase Global, Inc.
10.2.10. Binance Holdings Ltd.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Data Collection:
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Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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