Cryptocurrency Market to Reach $4.94 Billion, Globally, By 2030 at 12.8% CAGR: Allied Market Research
Drivers, Restraints, and Opportunities
Rise in need for transparency in the payment system and increase in flow of remittances from foreign countries drive the growth of the global cryptocurrency market. On the other hand, lack of awareness about cryptocurrency among individuals drive the growth to some extent. However, untapped potential on emerging economies has been beneficial for the market growth, thereby creating lucrative opportunities in the near future.
Download Sample Report (Get Full Insights in PDF - 354 Pages) @ https://www.alliedmarketresearch.com/request-sample/2075
COVID-19 Scenario:
The Hardware Segment to Retain the Lion's Share
Based on offering, the hardware segment contributed to more than three-fourths of the global cryptocurrency market share in 2020, and is expected to lead the trail by the end of 2030. Increase in need to enhance the efficiency of financial payment tools promotes the demand for hardware component, thereby driving the segment growth. The software segment, on the other hand, would cite the fastest CAGR of 14.2% throughout the forecast period, due to the fact that it facilitates to manage the massive volume of data being generated for meaningful insights and better-informed decisions.
The Mining Segment to Dominate By 2030
Based on process, the mining segment accounted for nearly two-thirds of the global cryptocurrency market share in 2020, and is expected to rule the roost 2030. This is attributed to the fact that this process involves validating data blocks and adding transaction records to a public ledger known as blockchain. The transaction segment, on the other hand, would cite the fastest CAGR of 14.6% during the forecast period. This is because cryptocurrency transactions allow users with more autonomy over their own money than that of fiat currencies and users are able to control their money without dealing with an intermediary authority such as a bank or government.
Asia-Pacific, Followed By Europe and North America, Held the Major Share in 2020
Based on region, Asia-Pacific, followed by Europe and North America, held the major share in 2020, garnering nearly half of the global cryptocurrency market. The same segment would also portray the fastest CAGR of 14.5% from 2021 to 2030. This is due to increase in number of Bitcoin exchange across Asia, which brings a certain healthy competition in the industry.
Interested to Procure the Data? Inquire Here @ https://www.alliedmarketresearch.com/purchase-enquiry/2075
Key Players in the Industry
Access AVENUE - A Subscription-Based Library (Premium On-Demand, Subscription-Based Pricing Model) @ https://www.alliedmarketresearch.com/library-access
Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.
Avenue Library Subscription | Request For 14 Days Free Trial of Before Buying:
https://www.alliedmarketresearch.com/avenue/trial/starter
Similar Reports:
Finance Cloud Market Projected to Hit $90.11 Billion By 2030
Insurtech Market Expected to Reach $158.99 Billion By 2030
Banking Encryption Software Market to Reach $4.98 Billion By 2030
Robo Advisory Market Anticipated to Garner $41.07 Billion By 2027
Digital Lending Platform Market Projected to Hit $20.31 Billion By 2027
Personal Finance Software Market Anticipated to Grow $1.58 Billion By 2027
AI in BFSI Market Estimated to Garner $247.37 Billion By 2026
Pre-Book Now with 10% Discount:
Cryptocurrency Mining Hardware Market: Global Opportunity Analysis and Industry Forecast 2018-2025
Virtual Teller Machine (VTM) Market: Global Opportunity Analysis and Industry Forecast 2020-2027
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
1-800-792-5285, 1-503-894-6022, 1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn and Twitter
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
