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Sep 20, 2022, 03:00 ET
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NEW YORK, Sept. 20, 2022 /PRNewswire/ — The Cryptocurrency Mining Hardware Market size is set to grow by USD 9.21 billion between 2021 and 2026, and register a CAGR of 9.75%, according to Technavio’s latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Read Free Sample Report.
Factors such as the profitability of cryptocurrency mining ventures, growing demand for cryptocurrency-specific hardware, and the rising popularity of mining pools will offer immense growth opportunities.
To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The cryptocurrency mining hardware market is fragmented, and the degree of fragmentation will accelerate during the forecast period.
Some of the major vendors of the cryptocurrency mining hardware market in the Technology Hardware, Storage & Peripherals industry include Advanced Micro Devices Inc., Bitfury Group Ltd., BitMain Technologies Holding Co., Bolonminer, Canaan Inc., Ebang International Holdings Inc., GMO Internet Inc., Goldshell, Helium Systems Inc., HIVE Blockchain Technologies Ltd., INNOSILICON Technology Ltd., Intel Corp., Marathon Digital Holdings Inc., NVIDIA Corp., Riot Blockchain Inc., Shenzhen Fusionsilicon Semiconductor Co. Ltd. To help businesses improve their market position, Technavio’s report provides a detailed analysis of around 25 vendors operating in the market. Buy Sample Report.
The report also covers the following areas:
Market trends such as the profitability of cryptocurrency mining ventures are likely to emerge as one of the primary drivers of the market. However, factors such as volatility in the value of cryptocurrency is may threaten the growth of the market. Download Free Sample Report.
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Cryptocurrency Mining Hardware Market Scope
Report Coverage
Details
Page number
120
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of 9.75%
Market growth 2022-2026
$ 9.21 billion
Market structure
Fragmented
YoY growth (%)
8.67
Regional analysis
APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution
APAC at 46%
Key consumer countries
US, Canada, China, Russia, and Ireland
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
Advanced Micro Devices Inc., Bitfury Group Ltd., BitMain Technologies Holding Co., Bolonminer, Canaan Inc., Ebang International Holdings Inc., GMO Internet Inc., Goldshell, Helium Systems Inc., HIVE Blockchain Technologies Ltd., INNOSILICON Technology Ltd., Intel Corp., Marathon Digital Holdings Inc., NVIDIA Corp., Riot Blockchain Inc., Shenzhen Fusionsilicon Semiconductor Co. Ltd., Shenzhen MicroBT Electronics Technology Co. Ltd, Spondoolies Ltd., and Unruly Technologies Ltd.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Browse for Technavio “Information Technology” Research Reports
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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