Cryptocurrency Market
Cryptocurrency Market Forecasts to 2028 - Global Analysis By Component (Software and Hardware), Type (Bitcoin, Ether, Ripple, Ether Classic and Dash), Process (Mining and Transaction), End User and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $1.96 BN |
|
Projected Year Value (2028) |
US $4.49 BN |
|
CAGR (2022 - 2028) |
14.8% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Cryptocurrency Market is accounted for $1.96 billion in 2022 and is expected to reach $4.49 billion by 2028 growing at a CAGR of 14.8% during the forecast period. Cryptocurrency is a digital payment system that does not rely on banks to validate transactions. It's a peer-to-peer system that allows anybody, anywhere to send and receive payments. Instead of tangible money carried around and traded in the real world, cryptocurrency payments exist solely as digital inputs to an online database identifying specific transactions. Cryptocurrency is kept in digital wallets. This means that complex coding is used to store and send bitcoin data between wallets and to public ledgers. The goal of encryption is to ensure security and safety which boosts the market growth.
According to Oxford Business Group, Nigeria is the leading country for Bitcoin and cryptocurrency adoption due to use it as a means of sending remittances.
Market Dynamics:
Driver:
Digital currency usage is increasing
Virtual or digital currency such as Bitcoins, Litecoins, Ethers, and many others are projected to dominate the industry in the future years. Individuals in industrialised countries are more inclined to use digital currency because it is a simple and flexible transactional mechanism. Because of the popularity of virtual currency as a medium of exchange, the central bank decided to promote it. Companies can benefit from fluctuating digital currency prices and improve their digital assets by using the central bank's proprietary central bank digital currency (CBDC) activity provisions for digital currency projects in many industrialised countries thereby propelling the market growth.
Restraint:
Cryptocurrencies can be an extremely volatile investment
While the price of a cryptocurrency might skyrocket to dizzying heights, it can also fall to horrifying lows in an instant, so this may not be the greatest decision. The cryptocurrency market is built on speculation, and its tiny scale makes it more subject to price volatility. This, in turn, might have a negative impact on the value of coins, which is one of the fundamental downsides of cryptocurrencies. Understanding cryptocurrencies takes time and effort, and there are severe scalability challenges to contend with. But, at some point, they run into serious difficulties that make large-scale implementation impossible. This can be a frustrating process for transaction participants, let alone the possible financial losses hampering the cryptocurrency market.
Opportunity:
Increased focus on financial crisis mitigation and regional instability
Financial disaster is a big problem that is affecting traditional banking and the financial sector. Financial uncertainty disrupts the economy by causing the currency's value to fall. Bitcoins and other cryptocurrencies are unaffected by the financial crisis since their value is balanced globally. With financial instability, cryptocurrencies are better possibilities for places with shaky economic structures, which are becoming a big market driving driver for the market. Moreover, increasing adoption of bitcoin to witness exponential demand for cryptocurrency market where bitcoin is one of the most popular and majorly adopted digital cash across the world. The rising visibility, growing interest of investors, and supporting regulations are further augmenting the market's growth.
Threat:
Misuse of virtual currency and security attacks
Several regulators are concerned about the increasing misuse of virtual currencies by criminals for unlawful operations since they are an unlicensed, decentralised, and uncontrollable exchange platform. Several illegal actions, such as tax evasion, money laundering, and terrorist financing, have been observed to be carried out by criminals utilising digital money. Criminals and terrorists prefer to deal in cash and preserve cash as collateral rather than use financial intermediaries like banks and circumvent anti-money laundering reporting and compliance rules. Companies and governments became concerned that the anonymity and decentralised nature of digital currency transfers would allow criminals to conceal their financial activity from authorities hinder the market growth.
Covid-19 Impact
Coronavirus-induced restrictions and economic concerns have prevented certain token sales from investing and caused others to postpone development. The virus's proliferation has caused cryptocurrency companies to create work-from-home strategies, delaying numerous commercial collaborations. Although the long-term influence of COVID-19 on economies cannot be foreseen, given the cultures and well-being of individuals, it appears a good bet that the reaction of central banks would create an optimum environment for the market to sustain, if Bitcoin continues to outperform traditional markets, it will almost surely increase interest in cryptocurrency as an alternative and sustainable form of currency hinder the market.
The Software segment is expected to be the largest during the forecast period
The Software segment is estimated to have a lucrative growth, due to the platform is used to match, sell, and purchase from users, giving it the greatest market share. The global market is likely to be driven by a significant dispersion of exchange platforms. Wallets, on the other hand, might be hardware or software wallets. Because of their increased security, software wallets or digital wallets are becoming increasingly popular. Digital wallets are classified as self-hosted or custodial based on the user's control over the private key protection function which enhances the global cryptocurrency market.
The Bitcoin segment is expected to have the highest CAGR during the forecast period
The Bitcoin segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its peer-to-peer electronic currency that is decentralised. Bitcoin has no governing organisation or issuing authority. This network is based on a cryptographic system, and the public database is fault-tolerant and impervious to corruption, functions without a central repository or centralised administration, with transactions taking place directly between users. Bitcoin mining has grown competitive, and individuals are mining it with powerful hardware. It employs an algorithm as well as cryptographic protocols. As a result, they are impossible to forge but do not require any personal or sensitive information from either the sender or the receiver. Bitcoin transactions are not facilitated by a third party and funds are instantly cleared thus encouraging in the market growth.
Region with largest share:
North America is projected to hold the largest market share during the forecast period owing to the majority of the region considered bitcoin to be a medium of trade for tax purposes rather than cash. Despite the fact that the government does not legally regulate it, many industrialised countries continue to emphasise the use of digital money. The acceptance of digital payment by consumers and retailers supports market expansion. Furthermore, the popularity of bitcoin mining and the presence of the bulk of prominent firms in North America dominate the market.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period, owing to many technological improvements, as well as the acceptance of virtual currency for specific platforms in Japan and Taiwan, are predicted to significantly boost the Asia Pacific industry. Strategic collaborations and partnerships by important players also add to the Asia Pacific market. The region's financial services organisations are among those who stand to benefit considerably from the use of block chain technologies in domains such as payments, supply chain, finance, and trading, as well as monitoring, compliance, and operations are propelling the Asia pacific region market.
Key players in the market
Some of the key players profiled in the Cryptocurrency Market include Intel Corporation, Ledger SAS, Advanced Micro Devices, Inc, Nvidia Corporation, Xapo, BitGo, Bitmain Technologies Ltd, Xilinx, Ripple Labs, Bitfury Group, Coinbase, Binance Holdings, Alcheminer and Ethereum Foundation.
Key Developments:
In Feb 2023, Microsoft and NVIDIA Announce Expansive New Gaming Deal, Partnership will bring blockbuster lineup of Xbox games, including 'Minecraft' and Activision titles like 'Call of Duty,' to NVIDIA GeForce NOW cloud gaming service
In Feb 2023, Intel Launches New Xeon Workstation Processors – the Ultimate Solution for Professionals, with a breakthrough new compute architecture, faster cores and new embedded multi-die interconnect bridge (EMIB) packaging, the Xeon W-3400 and Xeon W-2400 series of processors enable unprecedented scalability for increased performance.
In Jan 2023, Intel Launches 4th Gen Xeon Scalable Processors, Max Series CPUs, delivering for its customers a leap in data center performance, efficiency, security and new capabilities for AI, the cloud, the network and edge, and the world’s most powerful supercomputers.
In Jan 2023, Bitmain Technologies Ltd launched a new generation ANTMINER, the S19j Pro+, with a hashrate of 122T, power consumption of 3355W, and energy efficiency ratio of 27.5 J/T. The S19j Pro+'s voltage range makes it ideal for global data centers, saving additional costs from voltage converters.
Components Covered:
• Software
• Hardware
Types Covered:
• Bitcoin
• Ether
• Ripple
• Ether Classic
• Dash
Processes Covered:
• Mining
• Transaction
End Users Covered:
• E-commerce & Retail
• Peer-To-Peer Payment
• Remittance
• Trading
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Cryptocurrency Market, By Component
5.1 Introduction
5.2 Software
5.2.1 Exchanges Software
5.2.2 Mining Software
5.2.3 Wallet
5.2.4 Payment
5.2.5 Other Softwares
5.3 Hardware
5.3.1 FPGA (Field-Programmable Gate Array)
5.3.2 GPU (Graphics Processing Unit)
5.3.3 ASIC (Application-Specific Integrated Circuit)
5.3.4 Other Hardwares
6 Global Cryptocurrency Market, By Type
6.1 Introduction
6.2 Bitcoin
6.3 Ether
6.4 Ripple
6.5 Ether Classic
6.6 Dash
7 Global Cryptocurrency Market, By Process
7.1 Introduction
7.2 Mining
7.3 Transaction
8 Global Cryptocurrency Market, By End User
8.1 Introduction
8.2 E-commerce & Retail
8.3 Peer-To-Peer Payment
8.4 Remittance
8.5 Trading
9 Global Cryptocurrency Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Intel Corporation
11.2 Ledger SAS
11.3 Advanced Micro Devices, Inc
11.4 Nvidia Corporation
11.5 Xapo
11.6 BitGo
11.7 Bitmain Technologies Ltd
11.8 Xilinx
11.9 Ripple Labs
11.10 Bitfury Group
11.11 Coinbase
11.12 Binance Holdings
11.13 Alcheminer
11.14 Ethereum Foundation
List of Tables
1 Global Cryptocurrency Market Outlook, By Region (2020-2028) ($MN)
2 Global Cryptocurrency Market Outlook, By Component (2020-2028) ($MN)
3 Global Cryptocurrency Market Outlook, By Software (2020-2028) ($MN)
4 Global Cryptocurrency Market Outlook, By Exchanges Software (2020-2028) ($MN)
5 Global Cryptocurrency Market Outlook, By Mining Software (2020-2028) ($MN)
6 Global Cryptocurrency Market Outlook, By Wallet (2020-2028) ($MN)
7 Global Cryptocurrency Market Outlook, By Payment (2020-2028) ($MN)
8 Global Cryptocurrency Market Outlook, By Other Softwares (2020-2028) ($MN)
9 Global Cryptocurrency Market Outlook, By Hardware (2020-2028) ($MN)
10 Global Cryptocurrency Market Outlook, By FPGA (Field-Programmable Gate Array) (2020-2028) ($MN)
11 Global Cryptocurrency Market Outlook, By GPU (Graphics Processing Unit) (2020-2028) ($MN)
12 Global Cryptocurrency Market Outlook, By ASIC (Application-Specific Integrated Circuit) (2020-2028) ($MN)
13 Global Cryptocurrency Market Outlook, By Other Hardwares (2020-2028) ($MN)
14 Global Cryptocurrency Market Outlook, By Type (2020-2028) ($MN)
15 Global Cryptocurrency Market Outlook, By Bitcoin (2020-2028) ($MN)
16 Global Cryptocurrency Market Outlook, By Ether (2020-2028) ($MN)
17 Global Cryptocurrency Market Outlook, By Ripple (2020-2028) ($MN)
18 Global Cryptocurrency Market Outlook, By Ether Classic (2020-2028) ($MN)
19 Global Cryptocurrency Market Outlook, By Dash (2020-2028) ($MN)
20 Global Cryptocurrency Market Outlook, By Process (2020-2028) ($MN)
21 Global Cryptocurrency Market Outlook, By Mining (2020-2028) ($MN)
22 Global Cryptocurrency Market Outlook, By Transaction (2020-2028) ($MN)
23 Global Cryptocurrency Market Outlook, By End User (2020-2028) ($MN)
24 Global Cryptocurrency Market Outlook, By E-commerce & Retail (2020-2028) ($MN)
25 Global Cryptocurrency Market Outlook, By Peer-To-Peer Payment (2020-2028) ($MN)
26 Global Cryptocurrency Market Outlook, By Remittance (2020-2028) ($MN)
27 Global Cryptocurrency Market Outlook, By Trading (2020-2028) ($MN)
28 North America Cryptocurrency Market Outlook, By Country (2020-2028) ($MN)
29 North America Cryptocurrency Market Outlook, By Component (2020-2028) ($MN)
30 North America Cryptocurrency Market Outlook, By Software (2020-2028) ($MN)
31 North America Cryptocurrency Market Outlook, By Exchanges Software (2020-2028) ($MN)
32 North America Cryptocurrency Market Outlook, By Mining Software (2020-2028) ($MN)
33 North America Cryptocurrency Market Outlook, By Wallet (2020-2028) ($MN)
34 North America Cryptocurrency Market Outlook, By Payment (2020-2028) ($MN)
35 North America Cryptocurrency Market Outlook, By Other Softwares (2020-2028) ($MN)
36 North America Cryptocurrency Market Outlook, By Hardware (2020-2028) ($MN)
37 North America Cryptocurrency Market Outlook, By FPGA (Field-Programmable Gate Array) (2020-2028) ($MN)
38 North America Cryptocurrency Market Outlook, By GPU (Graphics Processing Unit) (2020-2028) ($MN)
39 North America Cryptocurrency Market Outlook, By ASIC (Application-Specific Integrated Circuit) (2020-2028) ($MN)
40 North America Cryptocurrency Market Outlook, By Other Hardwares (2020-2028) ($MN)
41 North America Cryptocurrency Market Outlook, By Type (2020-2028) ($MN)
42 North America Cryptocurrency Market Outlook, By Bitcoin (2020-2028) ($MN)
43 North America Cryptocurrency Market Outlook, By Ether (2020-2028) ($MN)
44 North America Cryptocurrency Market Outlook, By Ripple (2020-2028) ($MN)
45 North America Cryptocurrency Market Outlook, By Ether Classic (2020-2028) ($MN)
46 North America Cryptocurrency Market Outlook, By Dash (2020-2028) ($MN)
47 North America Cryptocurrency Market Outlook, By Process (2020-2028) ($MN)
48 North America Cryptocurrency Market Outlook, By Mining (2020-2028) ($MN)
49 North America Cryptocurrency Market Outlook, By Transaction (2020-2028) ($MN)
50 North America Cryptocurrency Market Outlook, By End User (2020-2028) ($MN)
51 North America Cryptocurrency Market Outlook, By E-commerce & Retail (2020-2028) ($MN)
52 North America Cryptocurrency Market Outlook, By Peer-To-Peer Payment (2020-2028) ($MN)
53 North America Cryptocurrency Market Outlook, By Remittance (2020-2028) ($MN)
54 North America Cryptocurrency Market Outlook, By Trading (2020-2028) ($MN)
55 Europe Cryptocurrency Market Outlook, By Country (2020-2028) ($MN)
56 Europe Cryptocurrency Market Outlook, By Component (2020-2028) ($MN)
57 Europe Cryptocurrency Market Outlook, By Software (2020-2028) ($MN)
58 Europe Cryptocurrency Market Outlook, By Exchanges Software (2020-2028) ($MN)
59 Europe Cryptocurrency Market Outlook, By Mining Software (2020-2028) ($MN)
60 Europe Cryptocurrency Market Outlook, By Wallet (2020-2028) ($MN)
61 Europe Cryptocurrency Market Outlook, By Payment (2020-2028) ($MN)
62 Europe Cryptocurrency Market Outlook, By Other Softwares (2020-2028) ($MN)
63 Europe Cryptocurrency Market Outlook, By Hardware (2020-2028) ($MN)
64 Europe Cryptocurrency Market Outlook, By FPGA (Field-Programmable Gate Array) (2020-2028) ($MN)
65 Europe Cryptocurrency Market Outlook, By GPU (Graphics Processing Unit) (2020-2028) ($MN)
66 Europe Cryptocurrency Market Outlook, By ASIC (Application-Specific Integrated Circuit) (2020-2028) ($MN)
67 Europe Cryptocurrency Market Outlook, By Other Hardwares (2020-2028) ($MN)
68 Europe Cryptocurrency Market Outlook, By Type (2020-2028) ($MN)
69 Europe Cryptocurrency Market Outlook, By Bitcoin (2020-2028) ($MN)
70 Europe Cryptocurrency Market Outlook, By Ether (2020-2028) ($MN)
71 Europe Cryptocurrency Market Outlook, By Ripple (2020-2028) ($MN)
72 Europe Cryptocurrency Market Outlook, By Ether Classic (2020-2028) ($MN)
73 Europe Cryptocurrency Market Outlook, By Dash (2020-2028) ($MN)
74 Europe Cryptocurrency Market Outlook, By Process (2020-2028) ($MN)
75 Europe Cryptocurrency Market Outlook, By Mining (2020-2028) ($MN)
76 Europe Cryptocurrency Market Outlook, By Transaction (2020-2028) ($MN)
77 Europe Cryptocurrency Market Outlook, By End User (2020-2028) ($MN)
78 Europe Cryptocurrency Market Outlook, By E-commerce & Retail (2020-2028) ($MN)
79 Europe Cryptocurrency Market Outlook, By Peer-To-Peer Payment (2020-2028) ($MN)
80 Europe Cryptocurrency Market Outlook, By Remittance (2020-2028) ($MN)
81 Europe Cryptocurrency Market Outlook, By Trading (2020-2028) ($MN)
82 Asia Pacific Cryptocurrency Market Outlook, By Country (2020-2028) ($MN)
83 Asia Pacific Cryptocurrency Market Outlook, By Component (2020-2028) ($MN)
84 Asia Pacific Cryptocurrency Market Outlook, By Software (2020-2028) ($MN)
85 Asia Pacific Cryptocurrency Market Outlook, By Exchanges Software (2020-2028) ($MN)
86 Asia Pacific Cryptocurrency Market Outlook, By Mining Software (2020-2028) ($MN)
87 Asia Pacific Cryptocurrency Market Outlook, By Wallet (2020-2028) ($MN)
88 Asia Pacific Cryptocurrency Market Outlook, By Payment (2020-2028) ($MN)
89 Asia Pacific Cryptocurrency Market Outlook, By Other Softwares (2020-2028) ($MN)
90 Asia Pacific Cryptocurrency Market Outlook, By Hardware (2020-2028) ($MN)
91 Asia Pacific Cryptocurrency Market Outlook, By FPGA (Field-Programmable Gate Array) (2020-2028) ($MN)
92 Asia Pacific Cryptocurrency Market Outlook, By GPU (Graphics Processing Unit) (2020-2028) ($MN)
93 Asia Pacific Cryptocurrency Market Outlook, By ASIC (Application-Specific Integrated Circuit) (2020-2028) ($MN)
94 Asia Pacific Cryptocurrency Market Outlook, By Other Hardwares (2020-2028) ($MN)
95 Asia Pacific Cryptocurrency Market Outlook, By Type (2020-2028) ($MN)
96 Asia Pacific Cryptocurrency Market Outlook, By Bitcoin (2020-2028) ($MN)
97 Asia Pacific Cryptocurrency Market Outlook, By Ether (2020-2028) ($MN)
98 Asia Pacific Cryptocurrency Market Outlook, By Ripple (2020-2028) ($MN)
99 Asia Pacific Cryptocurrency Market Outlook, By Ether Classic (2020-2028) ($MN)
100 Asia Pacific Cryptocurrency Market Outlook, By Dash (2020-2028) ($MN)
101 Asia Pacific Cryptocurrency Market Outlook, By Process (2020-2028) ($MN)
102 Asia Pacific Cryptocurrency Market Outlook, By Mining (2020-2028) ($MN)
103 Asia Pacific Cryptocurrency Market Outlook, By Transaction (2020-2028) ($MN)
104 Asia Pacific Cryptocurrency Market Outlook, By End User (2020-2028) ($MN)
105 Asia Pacific Cryptocurrency Market Outlook, By E-commerce & Retail (2020-2028) ($MN)
106 Asia Pacific Cryptocurrency Market Outlook, By Peer-To-Peer Payment (2020-2028) ($MN)
107 Asia Pacific Cryptocurrency Market Outlook, By Remittance (2020-2028) ($MN)
108 Asia Pacific Cryptocurrency Market Outlook, By Trading (2020-2028) ($MN)
109 South America Cryptocurrency Market Outlook, By Country (2020-2028) ($MN)
110 South America Cryptocurrency Market Outlook, By Component (2020-2028) ($MN)
111 South America Cryptocurrency Market Outlook, By Software (2020-2028) ($MN)
112 South America Cryptocurrency Market Outlook, By Exchanges Software (2020-2028) ($MN)
113 South America Cryptocurrency Market Outlook, By Mining Software (2020-2028) ($MN)
114 South America Cryptocurrency Market Outlook, By Wallet (2020-2028) ($MN)
115 South America Cryptocurrency Market Outlook, By Payment (2020-2028) ($MN)
116 South America Cryptocurrency Market Outlook, By Other Softwares (2020-2028) ($MN)
117 South America Cryptocurrency Market Outlook, By Hardware (2020-2028) ($MN)
118 South America Cryptocurrency Market Outlook, By FPGA (Field-Programmable Gate Array) (2020-2028) ($MN)
119 South America Cryptocurrency Market Outlook, By GPU (Graphics Processing Unit) (2020-2028) ($MN)
120 South America Cryptocurrency Market Outlook, By ASIC (Application-Specific Integrated Circuit) (2020-2028) ($MN)
121 South America Cryptocurrency Market Outlook, By Other Hardwares (2020-2028) ($MN)
122 South America Cryptocurrency Market Outlook, By Type (2020-2028) ($MN)
123 South America Cryptocurrency Market Outlook, By Bitcoin (2020-2028) ($MN)
124 South America Cryptocurrency Market Outlook, By Ether (2020-2028) ($MN)
125 South America Cryptocurrency Market Outlook, By Ripple (2020-2028) ($MN)
126 South America Cryptocurrency Market Outlook, By Ether Classic (2020-2028) ($MN)
127 South America Cryptocurrency Market Outlook, By Dash (2020-2028) ($MN)
128 South America Cryptocurrency Market Outlook, By Process (2020-2028) ($MN)
129 South America Cryptocurrency Market Outlook, By Mining (2020-2028) ($MN)
130 South America Cryptocurrency Market Outlook, By Transaction (2020-2028) ($MN)
131 South America Cryptocurrency Market Outlook, By End User (2020-2028) ($MN)
132 South America Cryptocurrency Market Outlook, By E-commerce & Retail (2020-2028) ($MN)
133 South America Cryptocurrency Market Outlook, By Peer-To-Peer Payment (2020-2028) ($MN)
134 South America Cryptocurrency Market Outlook, By Remittance (2020-2028) ($MN)
135 South America Cryptocurrency Market Outlook, By Trading (2020-2028) ($MN)
136 Middle East & Africa Cryptocurrency Market Outlook, By Country (2020-2028) ($MN)
137 Middle East & Africa Cryptocurrency Market Outlook, By Component (2020-2028) ($MN)
138 Middle East & Africa Cryptocurrency Market Outlook, By Software (2020-2028) ($MN)
139 Middle East & Africa Cryptocurrency Market Outlook, By Exchanges Software (2020-2028) ($MN)
140 Middle East & Africa Cryptocurrency Market Outlook, By Mining Software (2020-2028) ($MN)
141 Middle East & Africa Cryptocurrency Market Outlook, By Wallet (2020-2028) ($MN)
142 Middle East & Africa Cryptocurrency Market Outlook, By Payment (2020-2028) ($MN)
143 Middle East & Africa Cryptocurrency Market Outlook, By Other Softwares (2020-2028) ($MN)
144 Middle East & Africa Cryptocurrency Market Outlook, By Hardware (2020-2028) ($MN)
145 Middle East & Africa Cryptocurrency Market Outlook, By FPGA (Field-Programmable Gate Array) (2020-2028) ($MN)
146 Middle East & Africa Cryptocurrency Market Outlook, By GPU (Graphics Processing Unit) (2020-2028) ($MN)
147 Middle East & Africa Cryptocurrency Market Outlook, By ASIC (Application-Specific Integrated Circuit) (2020-2028) ($MN)
148 Middle East & Africa Cryptocurrency Market Outlook, By Other Hardwares (2020-2028) ($MN)
149 Middle East & Africa Cryptocurrency Market Outlook, By Type (2020-2028) ($MN)
150 Middle East & Africa Cryptocurrency Market Outlook, By Bitcoin (2020-2028) ($MN)
151 Middle East & Africa Cryptocurrency Market Outlook, By Ether (2020-2028) ($MN)
152 Middle East & Africa Cryptocurrency Market Outlook, By Ripple (2020-2028) ($MN)
153 Middle East & Africa Cryptocurrency Market Outlook, By Ether Classic (2020-2028) ($MN)
154 Middle East & Africa Cryptocurrency Market Outlook, By Dash (2020-2028) ($MN)
155 Middle East & Africa Cryptocurrency Market Outlook, By Process (2020-2028) ($MN)
156 Middle East & Africa Cryptocurrency Market Outlook, By Mining (2020-2028) ($MN)
157 Middle East & Africa Cryptocurrency Market Outlook, By Transaction (2020-2028) ($MN)
158 Middle East & Africa Cryptocurrency Market Outlook, By End User (2020-2028) ($MN)
159 Middle East & Africa Cryptocurrency Market Outlook, By E-commerce & Retail (2020-2028) ($MN)
160 Middle East & Africa Cryptocurrency Market Outlook, By Peer-To-Peer Payment (2020-2028) ($MN)
161 Middle East & Africa Cryptocurrency Market Outlook, By Remittance (2020-2028) ($MN)
162 Middle East & Africa Cryptocurrency Market Outlook, By Trading (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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