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Apr 20, 2023 (The Expresswire) —
The global Cryptocurrency Market value is estimated at USD 826.6 million in 2020. During the period 2021 to 2028, the market is expected to grow at a CAGR of 11.1%, from USD 910.3 million in 2021 to USD 1,902.5 million in 2028.
According to Fortune Business Insights, major driving factor includes cryptocurrencies are becoming more widely adopted and accepted as a means of payment. Major companies such as Tesla and PayPal are now accepting cryptocurrencies as payment, which has helped to increase their mainstream appeal.
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Some of the key players include:
- Bitmain Technologies Ltd. (Beijing, China)
- Xilinx, Inc. (California, U.S.)
- Intel Corporation (California, U.S.)
- Advanced Micro Devices, Inc. (California, U.S.)
- Ripple Labs, Inc. (California, U.S.)
- Bitfury Group Limited. (Amsterdam, U.K.)
- Ledger SAS (Paris, France)
- Nvidia Corporation (California, U.S.)
- BitGo (California, U.S.)
- Xapo (Zürich, Switzerland)
Factors affecting the growth of Cryptocurrency Market:
- Increased adoption and acceptance: Cryptocurrencies are becoming more widely adopted and accepted as a means of payment. Major companies such as Tesla and PayPal are now accepting cryptocurrencies as payment, which has helped to increase their mainstream appeal.
- Growing interest from institutional investors: Institutional investors such as hedge funds, asset managers, and pension funds are increasingly investing in cryptocurrencies, which has helped to drive up prices and increase demand.
- Innovation and technological advancements: The development of new cryptocurrencies, blockchain technology, and decentralized finance (DeFi) applications is driving innovation and helping to increase the value and usefulness of cryptocurrencies.
- Government regulations: The regulatory environment for cryptocurrencies is becoming clearer and more supportive in some countries, which is helping to increase investor confidence and adoption.
- Economic and political instability: In some countries, economic and political instability has led to hyperinflation and currency devaluation, leading people to seek alternative stores of value such as cryptocurrencies.
- Increasing public awareness and education: As more people learn about cryptocurrencies and how they work, the demand for them is likely to increase.
Key Highlights of the Report:
- Market Performance (2021-2028)
- Market Outlook (2021-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
The most recent Fortune Business Insights report identifies a key opportunity for market expansion over the forecast period. In this report, market opportunities are plotted using a detailed study of the current Cryptocurrency Market scenario, mergers and acquisitions, investments in research and development, technological developments, novel marketing strategies, and buyers’ behaviour. The key opportunities covered in the report will provide a better understanding of the global Market and its future growth.
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Segments:
The primary market segments and their sub-segments covered in this study provide information on the overall business climate. The categories in this research are built by analyzing supply and demand scenario that provides a thorough view of the market. The segment study provides a detailed view of the fastest-growing market sector as well as the factors influencing the fast/slow growth of the other segments. This section includes a comprehensive market share and revenue analysis.
Segment by Type
- By Component
- By Type
- By End-user
- By Region
The use of can help investors to make more informed decisions, access a wider range of investment options, and achieve their financial goals more effectively. Additionally, the market for report is growing rapidly, driven by factors such as increasing wealth, the shift towards digital channels, and the growing demand for personalized financial advice. As a result, the market is expected to continue to grow in the coming years.
Key Questions Answered in This Report:
What is the potential of the global Market?
What is the impact of COVID-19 on the global Cryptocurrency Market?
What are the top strategies that companies adopt in Industry?
What are the challenges faced by SMEs and prominent vendors in global Market?
Which region has the highest investments in Cryptocurrency Market?
What are the latest research and activities in Industry?
Who are the prominent players in Market?
Table of Contents – Major Key Points
1) Cryptocurrency Market Overview
- Market Segment by Type
- Global Market Segment by Application
- Global Market, Region Wise
- Scope of the Report
2) Industry Outlook
- Market Industry Technology Status and Trends
- Industry Entry Barriers
- Market Drivers Analysis
- Market Challenges Analysis
- Consumer Preference Analysis
3) Global Market Landscape by Player
- Market Competitive Situation and Trends
- Market Concentration Rate
- Market Share of Top 3 and Top 6 Players
- Mergers and Acquisitions, Expansion
4) Global Cryptocurrency Market Sales Volume and Revenue Region Wise
- Global Market Sales Volume and Market Share, Region Wise (2021-2028)
- Global Market Revenue and Market Share, Region Wise (2021-2028)
- Global Market Sales Volume, Revenue, Price and Gross Margin
5) Global Market Sales Volume, Revenue, Price Trend by Type
6) Global Market Analysis by Application
7) Market Upstream and Downstream Analysis
- Market Industrial Chain Analysis
- Key Raw Materials Suppliers and Price Analysis
- Manufacturing Cost Structure Analysis
8) Key Players Profiles
- Recent Development
- Key Players Analysis
9) Research Findings and Conclusion
10) Appendix
11) Methodology
12) Research Data Source
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Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Cryptocurrency Market Size, Share, Outlook and Future Opportunity Analysis till 2028
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