DUBLIN–(BUSINESS WIRE)–The “Global Cryptocurrency Market, By Type, By Process, By Application & By Region – Forecast and Analysis 2022-2028” report has been added to ResearchAndMarkets.com’s offering.
The Global Cryptocurrency Market was valued at USD 1,851 Billion in 2021, and it is expected to reach a value of USD 32,530 Billion by 2028, at a CAGR of 54.7% over the forecast period (2022 – 2028).
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Cryptocurrency market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research and their market shares in the respective regions were determined through primary and secondary research.
This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report
The Global Cryptocurrency market is segmented by type, by process, by application. Based on type, the market is categorized into Bitcoin, Ethereum, Bitcoin Cash, Ripple, Others. Based on process, the market is categorized into Mining, Transaction. Based on application, the market is categorized into Trading, Remittance, Payment, Others. By region, the global Cryptocurrency market is categorized into North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
Driver
Cryptocurrency is a type of digital asset that is used for secure transactions, access control, and verification of the holder’s ownership. These currencies may be used to purchase products and services instead of traditional currencies, making them very useful and increasing the demand and adoption of cryptocurrencies in the market internationally.
Restraint
The primary challenge in the cryptocurrency sector is the lack of regulation governing asset production and value generation. This allows various operators to manipulate the value of cryptocurrencies in order to entice those who are unfamiliar with them and end up losing money in the market.
Market Trends
One of the factors encouraging the expansion of the cryptocurrency sector is the growing desire for transparency and efficiency in the financial payment system. One of the trends that has been observed in recent years is the increasing internet penetration in many regions of the world, as well as various technological companies providing trading capabilities through their trading platforms via cellphones and PCs. Aside from all of this, the legalization and approval for purchasing and investing in these cryptocurrencies are also propelling the cryptocurrency market forward.
Key Topics Covered:
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/vtazh0
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ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
