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Cryptocurrency Market Future Prospect and Industry Research 2021-2030 08-11-2023 12:33 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: Allied Market Research / PR Agency: Allied Market Research Cryptocurrency Market (adsbygoogle = window.adsbygoogle || []).push({}); The bitcoin is expected to experience significant growth in the coming years, and has a global acceptance owing to provision of security to users over their personal information and financial data in comparison to other fiat currencies and digital form of payments quote Request Sample Report: https://www.alliedmarketresearch.com/request-sample/2075 (adsbygoogle = window.adsbygoogle || []).push({}); Cryptocurrency Market By Offering, Process, Type, and End User: Global Opportunity Analysis and Industry Forecast, 2021-2030", the global cryptocurrency market size was valued at $1.49 billion in 2020, and is projected to reach $4.94 billion by 2030, growing at a CAGR of 12.8% from 2021 to 2030. Cryptocurrencies are a digital means of exchange and work using blockchain technology which provides means of security. There is an increase in the demand for cryptocurrency among consumers, as it is reducing the time required to transfer payment. Further, it helps remove the need of third parties in business deals, offers improved capital optimization, and provides better security measurement. Factors such as increase in need for operational efficiency, transparency in financial payment systems and rise in demand for remittances( https://www.alliedmarketresearch.com/singapore-remittance-market-A15896 ) in developing countries are expected to fuel the market growth. In addition, increase in the data security and improved capital optimization are expected to drive the cryptocurrency market growth. However, high implementation cost and lack of awareness of cryptocurrency among the people in developing nations are expected to negatively impact the growth of the cryptocurency market. On the contrary, increase in demand for cryptocurrency among banks, and financial institutions and untapped potential on emerging economies are expected to provide lucrative opportunities for the market growth in the coming years. Buy Now: https://www.alliedmarketresearch.com/checkout-final/334916d320fa4d1b25dc1db32f67b1a9 The bitcoin segment is expected to garner a significant share during the forecast period due to most accepted digital currency across the globe and work without requiring approval from any external source or authority. However, the ripple (XRP) segment is expected to grow at the highest rate during the forecast period, as it can be used for various purposes such as accounting, investing, implementing smart contracts, and decentralized programs. Region wise, the cryptocurrency market was dominated by Asia-Pacific in 2020, and is expected to retain its position during the forecast period. The major factor that drives the growth of the market in this region includes rise in number of blockchain-based payment and document solutions in banking, financial services and insurance sector in the Asia-Pacific countries such as India, China, Singapore, South Korea, and Japan. The COVID-19 has affected nearly all reaches of life, including the cryptocurrency industry. Increased business uncertainty and fluctuation of Bitcoin( https://www.alliedmarketresearch.com/bitcoin-payments-market-A07535 ) prices which has destabilize the entire Bitcoin ecosystem. For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/2075 Moreover, increasing concerns about banks' & financial institutions ability to tackle the new market challenges in the form of revenue pressure, low profitability, tighter regulation, increasing competition, and new digital entrants are major challenging factors to the market during the pandemic situation. Key Findings of the Study By offering, the hardware segment led the cryptocurrency industry, in terms of revenue in 2020. By process, the mining segment accounted for the highest cryptocurrency market share in 2020. By region, Asia-Pacific generated the highest revenue in 2020. The key players profiled in the cryptocurrency market include Advanced Micro Devices Inc., Antier Solutions, BitFury Group Limited, BTL Group Ltd., Coincheck Inc., Intel Corporation, Ledger SAS, NVIDIA Corporation, Ripple, Xilinx Inc., and Xapo Holdings Limited. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry. This study includes market trends, cryptocurrency market analysis, and future estimations to determine the imminent investment pockets. Trending Reports: Loan Management Software Market: https://www.alliedmarketresearch.com/loan-management-software-market-A08185 Natural Language Processing in BFSI Market: https://www.alliedmarketresearch.com/natural-language-processing-in-bfsi-market-A30182 Crypto Payment Gateway Market: https://www.alliedmarketresearch.com/crypto-payment-gateway-market-A31799 Crypto ATM Market: https://www.alliedmarketresearch.com/crypto-atm-market United States 1209 Orange Street, Corporation Trust Center, Wilmington, New Castle, Delaware 19801 USA. Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285 Fax: +1-800-792-5285 [email protected] 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. 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. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. 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. This release was published on openPR. 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