The Global Cryptocurrency Market is projected to grow at a CAGR of more than 50% during the forecast period, i.e., 2022-27.
The latest report by MarkNtel Advisors, titled “Cryptocurrency Market Size study report 2022-27 provides an in-depth examination of revenue growth, market definition, segmentation, industry potential, and influential trends to help comprehend the market’s future outlook and existing prospects. Cryptocurrency Market Share, Size, and Industry Analysis.
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). The Cryptocurrency Market is projected to grow at around 50% CAGR during the forecast period, i.e., 2022-27.
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Possible Restraint: Increasing Misuse of Digital Currencies for Illegal Acts
Several regulatory bodies around the globe are worried about the increasing misuse of cryptocurrencies for illegal activities, including money laundering, terrorist financing, & tax evasion carried out by criminals, since these currencies are decentralized & unauthorized. Moreover, the mounting prevalence of cyberattacks worldwide that resulted in massive investment losses in recent years is another aspect restricting the adoption of cryptocurrencies. Hence, these instances, coupled with the growing misuse of virtual currencies, might serve as key growth challenges for the Global Cryptocurrency Market during 2022-27.
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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-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
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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