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Portland, Oregon, January 24, 2022 /PRNewswire/ – According to a report released by Allied Market Research, titled, “cryptocurrency market by providing (hardware [ASIC, GPU, FPGA, and Others] and software), process (mining and trading), type (bitcoin) [BTC], Ethereum [ETH], tether [USDT], Binance Coin [BNB], Cardano [ADA], ripple [XRP]and others) and end-users (trade, retail and e-commerce, banking and others): Global opportunity analysis and industry forecasts 2021-2030″. According to the report, the global cryptocurrency market generate $1.49 billion 2020 is expected to reach $4.94 billion Growth by 2030 CAGR of 12.8% From 2021 to 2030.
Key Determinants of Market Growth
Rising demand for transparency in payment systems and surging remittance flows from abroad have propelled the growth of the global cryptocurrency market. However, the lack of awareness of virtual currencies hinders the growth of the market. On the contrary, the potential of developing countries will open up new opportunities in the future.
Download sample report (full insights in PDF format – 354 pages) @ https://www.alliedmarketresearch.com/request-sample/2075
COVID-19 Outbreak:
- The Covid-19 outbreak has led to distortions in business operations receiving upgraded equipment and new hardware, which has hampered mining operations. This factor has had a negative impact on the cryptocurrency market.
- However, as the world is recovering from the pandemic, markets are expected to get back on track soon.
Software segment showing highest CAGR to 2030
According to the offer, the software part is expected to register Highest CAGR of 14.2% During the forecast period, as it is able to manage the massive amount of data being generated for meaningful insights and better-informed decisions. However, the hardware segment holds the largest share in 2020, accounting for more than three-quarters of the global cryptocurrency market share in 2020. This is because…
The full story is available on Benzinga.com
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