NEW YORK, Oct. 24, 2022 /PRNewswire/ — The cryptocurrency market share growth in the bitcoin segment will be significant during the forecast period. Bitcoin is a digital currency that can be transferred peer-to-peer (P2P) without central authorities. It is created, stored, processed, and shared using a distributed decentralized system known as the blockchain. The public ledger records all bitcoin transactions, and copies are kept on all servers across the world. Therefore, with the rising popularity of bitcoin, the market is expected to witness significant growth during the forecast period.
The “Cryptocurrency Market by Type (Bitcoin, Ethereum, and Others) and Geography (North America, Europe, APAC, South America, and Middle East and Africa) – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. The potential growth difference for the cryptocurrency market size between 2021 and 2026 is USD 1.47 bn. To get the exact CAGR and the Y-O-Y growth rate, Buy the Full Report
Market Segmentation:
By Type
By Geography
47% of the market’s growth will originate from North America during the forecast period. The US is the key market for the cryptocurrency market in North America. The increase in blockchain investments will facilitate the cryptocurrency market’s growth in North America over the forecast period.
View our FREE PDF Sample Report for additional insights into the contribution of all the segments and regional opportunities in the report.
Key Market Dynamics:
Market Driver – Rising investment in digital assets is one of the key drivers fueling the cryptocurrency market’s growth. Digital assets allow rapid transfer of ownership without the need for paper copies or any paperwork. For instance, the owner of a digital asset can quickly transfer ownership to a new owner or buyer when the asset is purchased through NFT. Cryptocurrencies are becoming more popular in the global market for digital assets as a result of these characteristics. As many people interact with digital assets every day, from investing in crypto as a digital asset to digitizing their existing investment assets, digital assets have become integrated into the existing network of traditional financial markets. Therefore, the rising investment in digital assets is expected to boost the growth of the market during the forecast period.
Market Challenges – Rate volatility is one of the factors limiting the cryptocurrency market’s growth. Crypto miners perform calculations using mining hardware solutions to mine cryptocurrencies, such as Bitcoin. The valuation of cryptocurrencies depends significantly on their uniqueness and the perceptions of related owners and buyers, as well as the availability of distribution channels. Therefore, it is extremely difficult for a new seller to predict the identity of the next cryptocurrency buyer or the possible factors that may favor or influence the purchase. Therefore, the price of cryptocurrency basically depends on how buyers perceive its value, which leads to fluctuations. Thus, fluctuating prices may hinder market growth during the forecast period.
Technavio’s library includes over 17,000+ reports covering more than 2,000 emerging technologies. Subscribe to our “Basic Plan“ at Just USD 5000 and get lifetime access to our Technavio Insights.Some Companies Mentioned
To gain access to more vendor profiles with their key offerings available with Technavio, Download the Sample Report
Related Reports:
Cryptocurrency Mining Hardware Market by Product and Geography – Forecast and Analysis 2022-2026: The cryptocurrency mining hardware market share is expected to increase by USD 9.21 billion from 2021 to 2026.
Cryptocurrency ATM Market by Type and Geography – Forecast and Analysis 2022-2026: The predicted growth for the cryptocurrency ATM market share from 2021 to 2026 is USD 2.37 billion.
Cryptocurrency Market Scope
Report Coverage
Details
Page number
120
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of 15.75%
Market growth 2022-2026
USD 1.47 billion
Market structure
Fragmented
YoY growth (%)
14.45
Regional analysis
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 47%
Key consumer countries
US, China, UK, Germany, and Switzerland
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
Advanced Micro Devices Inc., AirSwap, ALCHEMINERS LLC, AlphaPoint Corp., Binance Services Holdings Ltd., Bitfury Group Ltd., BitGo Inc., Bitstamp Europe SA, BlockFi Inc., Coinbase Global Inc., Huobi Group, iFinex Inc., Intel Corp., KuCoin, Microsoft Corp., Money Group Inc., New Bit Ventures Ltd., NVIDIA Corp., Ripple Labs Inc., and Xapo Bank 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.
Table of Contents:
1 Executive Summary
1.1 Market Overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market Definition
3.2 Market segment analysis
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
4 Five Forces Analysis
4.1 Five forces summary
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
5 Market Segmentation by Type
5.1 Market segments
5.2 Comparison by Type
5.3 Bitcoin – Market size and forecast 2021-2026
5.4 Ethereum – Market size and forecast 2021-2026
5.5 Others – Market size and forecast 2021-2026
5.6 Market opportunity by Type
6 Customer Landscape
6.1 Customer landscape overview
7 Geographic Landscape
7.1 Geographic segmentation
7.2 Geographic comparison
7.3 North America – Market size and forecast 2021-2026
7.4 Europe – Market size and forecast 2021-2026
7.5 APAC – Market size and forecast 2021-2026
7.6 South America – Market size and forecast 2021-2026
7.7 Middle East and Africa – Market size and forecast 2021-2026
7.8 US – Market size and forecast 2021-2026
7.9 UK – Market size and forecast 2021-2026
7.10 China – Market size and forecast 2021-2026
7.11 Germany – Market size and forecast 2021-2026
7.12 Switzerland – Market size and forecast 2021-2026
7.13 Market opportunity by geography
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
8.4 Market trends
9 Vendor Landscape
9.1 Overview
9.2 Vendor landscape
9.3 Landscape disruption
9.4 Industry risks
10 Vendor Analysis
10.1 Vendors covered
10.2 Market positioning of vendors
10.3 Advanced Micro Devices Inc.
10.4 AirSwap
10.5 Binance Services Holdings Ltd.
10.6 Bitfury Group Ltd.
10.7 Bitstamp Europe SA
10.8 Intel Corp.
10.9 Microsoft Corp.
10.10 Money Group Inc.
10.11 NVIDIA Corp.
10.12 Ripple Labs Inc.
11 Appendix
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
11.3 Currency conversion rates for US$
11.4 Research methodology
11.5 List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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 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.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:media@technavio.com
Website: www.technavio.com/
View original content to download multimedia:https://www.prnewswire.com/news-releases/cryptocurrency-market-size-to-grow-by-usd-1-47-bn-bitcoin-segment-to-be-the-largest-revenue-generating-type-segment—technavio-301655181.html
SOURCE Technavio
A frenetic weekend of political and policy action has injected significant two-way volatility into world markets, which are also now on high alert for signs the U.S. Federal Reserve may ease its foot off the interest rate brake. Talk of a change of tack emerged late Friday amid reports the Fed was minded to reduce the size of its rate hikes after another 75 basis point rise next week, then pausing the tightening campaign some time next year. The reports triggered a recoil in U.S. bond yields from their highest levels in over a decade, while futures pricing for a peak Fed 'terminal rate' of more than 5% next year fell back by more than 10bp to less than 4.90% on Monday.
Higher natural gas price is likely to have aided Antero Resources (AR) in Q3 earnings.
The company’s metaverse investment and a lackluster Reels performance has led one Bank of America analyst to take a “more cautious” stance.
Galaxy Digital Research Associate Salmaan Qadir discusses whether NFT creators are benefitting from the royalty economy.
Chinese chipmaker Yangtze Memory Technologies Corp ousted American employees in core tech positions following the U.S. embargo on China. Several U.S. citizens and green card holders in China had already left the memory chip producer, the Financial Times reported. Some Americans reportedly were key to YMTC's Nand memory chip production breakthroughs. Also Read: Taiwan Semiconductor Bears The Brunt Of US China Tensions, Slashes 2022 Budget By 10% Leading U.S. chip equipment suppliers Lam Research
(Bloomberg) — Natural gas prices in the Permian Basin of West Texas are plunging toward zero as booming production overwhelms pipeline networks, creating a regional glut of the fuel.Most Read from BloombergChina Stocks Slide as Leadership Overhaul Disappoints TradersRenters Hit Breaking Point in a Sudden Reversal for LandlordsDove, Other Unilever Dry Shampoos Recalled Over Cancer RiskKorean Air Plane Overruns Runway While Landing in PhilippinesStocks Keep Rally Going as Big-Tech Earnings Loom:
Chinese President Xi Jinping secured an unprecedented third term as leader of the People's Republic on Sunday — and U.S.-listed Chinese tech stocks promptly fell off a cliff as a result. As of 11:05 a.m. ET, shares of internet search giant Baidu (NASDAQ: BIDU) are down 16.6%, while e-commerce platforms Dingdong (Cayman) Limited (NYSE: DDL) and Pinduoduo (NASDAQ: PDD) have fallen 18.9% and 28.8%, respectively. What does a continuation — not even a change — in the leadership structure of the Chinese government have to do with the price of Chinese tech stocks, you ask?
On Oct.7, the Commerce Department announced new controls on exports of chips and semiconductor-manufacturing equipment to China to protect U.S. national-security interests.
Occidental Petroleum, a Warren Buffett favorite, is approaching a buy point as profitability rises ahead of Q3 earnings.
Pinduoduo Inc. is a Shanghai-based platform that connects farmers with consumers directly through its interactive social commerce shopping experience. Shares of PDD are sharply lower on the heels of selling in China's markets linked to fears as President Xi Jinping moved to stack his leadership ranks with loyalists. In this daily bar chart of PDD, below, we can see that prices did close above $70 in early September.
Barilla markets itself as "Italy's No. 1 brand of pasta," but the Illinois-based company makes its products in Iowa and New York, a suit alleges.
Toyota Motor Corp (NYSE: TM) has launched a small electric sedan, Toyota bZ3, the second model in its bZ (beyond zero) series. The bZ3 is a battery electric sedan jointly developed for the Chinese market by BYD Toyota EV Technology Co Ltd (BTET), a joint venture established by Toyota and BYD Company Ltd. (BYD) and FAW Toyota Motor Co. Ltd (FAW Toyota). It will be produced by and sold through the FAW Toyota dealer network. The electrification system combines BYD's lithium-ion LFP battery using li
Billions of dollars are moved annually from 401(k) plans to IRAs. And starting in July, the U.S. Department of Labor (DOL) will mandate that all financial advisors and brokers comply with a higher fiduciary standard for retirement plan rollovers. Under … Continue reading → The post This New Rule Will Bring a Big Change to Your Retirement Plan Rollover appeared first on SmartAsset Blog.
A spokesperson for the security company says the laid-off employees aren't expected to become unemployed.
If you're approaching retirement age, chances are you need to brush up on your Social Security knowledge. A recent MassMutual poll found that most people nearing retirement age don't know the ins and outs of this vital safety net program. … Continue reading → The post 65% of People Struggled With These Social Security Questions: Can You Get Them Right? appeared first on SmartAsset Blog.
U.S. upstream oil companies are expected to bank 68% higher free cash flows per barrel produced in 2022 as surging prices fuel profits, while output growth lingers at 4.5% year to date, Deloitte consultancy said on Monday. The study illustrates the clash between the White House and oil companies over how skyrocketing profits from high energy prices should be allocated. Exxon Mobil Corp and Chevron Corp are expected to post strong upstream quarterly results on Friday, with some analyst expecting a new round of increase in dividends and buybacks.
(Bloomberg) — For the past 15 years, the center of gravity of the global copper market has been a row of warehouses in Shanghai’s free-trade zone where the Yangtze River meets the Pacific.Most Read from BloombergChina Stocks Slide as Leadership Overhaul Disappoints TradersWall Street Is Heading to Saudi Arabia as US Oil Spat SimmersSunak Edges Closer to UK Leadership as Johnson Drops OutRussian Oil Logistics in Chaos Ahead of Looming SanctionsKorean Air Plane Overruns Runway While Landing in Ph
PhaseBio Pharmaceuticals Inc., a publicly traded heart-disease drug developer, filed for chapter 11 bankruptcy protection weeks after being sued for breach of contract by a Blackstone Inc. portfolio company.
A common approach to retirement income relies on withdrawing money from taxable accounts first, followed by 401(k)s and IRAs, and lastly, Roth accounts. Conventional wisdom holds that withdrawing money from taxable accounts first allows a retiree's 401(k) assets to continue … Continue reading → The post You Could Be Doing More to Limit Taxes in Retirement appeared first on SmartAsset Blog.
Yahoo Finance's Brad Smith breaks down leading headlines including job cuts at Philips, the box office debut for 'Black Adam,' Pinterest teaming up with Headspace, and Toshiba's valuation.
Author
Administraroot
Related Posts
