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Cryptocurrency Market to Reach $4.94 Billion, Globally, By 2030 at 12.8% CAGR: Allied Market Research

According to the report published by Allied Market Research, titled, “Cryptocurrency Market By Offering (Hardware [ASIC, GPU, FPGA, and Others] and Software),...
Cryptocurrency Market to Reach $4.94 Billion, Globally, By 2030 at 12.8% CAGR: Allied Market Research Cryptocurrency Market to Reach $4.94 Billion, Globally, By 2030 at 12.8% CAGR: Allied Market Research

According to the report published by Allied Market Research, titled, “Cryptocurrency Market By Offering (Hardware [ASIC, GPU, FPGA, and Others] and Software), Process (Mining and Transaction), Type (Bitcoin [BTC], Ethereum [ETH], Tether [USDT], Binance Coin [BNB], Cardano [ADA], Ripple [XRP], and Others), and End User (Trading, Retail & E-commerce, Banking, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030″. As per the report, the global cryptocurrency market generated $1.49 billion in 2020 and is estimated to reach $4.94 billion by 2030, growing at a CAGR of 12.8% from 2021 to 2030.

Major Determinants of the Market Growth

Increase in demand for transparency in the payment system and surge in flow of remittance from foreign countries have boosted the growth of the global cryptocurrency market. However, dearth of awareness regarding virtual currency hinders the market growth. On the contrary, potential in the developing countries would open new opportunities in the future.

COVID-19 Outbreak:

  • The Covid-19 outbreak resulted in distorted business operations for receiving upgraded equipment & new hardware, which hampered the mining operations. This factor negatively affected the cryptocurrency market.
  • However, the as the world is recovering from the pandemic, the market is expected to get back on track soon.
The Software Segment to Showcase the Highest CAGR through 2030

Based on offering, the software segment is expected to register the highest CAGR of 14.2% during the forecast period, as it enables to manage the massive volume of data being generated for meaningful insights and better-informed decisions. However, hardware segment held the largest share in 2020, accounting for more than three-fourths of the global cryptocurrency market share in 2020. This is due to increase in need to enhance the efficiency of financial payment tools.

The Transaction Segment to Register the Highest CAGR By 2030

Based on process, the transaction segment is projected to manifest the highest CAGR of 14.6% during the forecast period, as cryptocurrency transaction allows users with more autonomy over their own money than fiat currencies and users can control their money without dealing with intermediary authority. However, the mining segment dominated in terms of revenue in 2020, accounting for nearly two-thirds of the global cryptocurrency market share in 2020, due to the fact that the process involves validating data blocks and adding transaction records to public ledger known as blockchain.

Asia-Pacific, Followed By Europe and North America, Held the Largest Share

Based on region, Asia-Pacific, followed by Europe and North America, held the highest share in 2020, contributing to nearly half of the global cryptocurrency market. In addition, the segment would register the fastest CAGR of 14.5% from 2021 to 2030, due to rise in number of Bitcoin exchange across Asia.

Key Players in the Industry

  • BitFury Group Limited
  • BTL Group Ltd.
  • Intel Corporation (NASDAQ:INTC)
  • Ledger SAS
  • NVIDIA Corporation (NASDAQ:NVDA)
  • Coincheck Inc.
  • Ripple
  • Advanced Micro Devices (NASDAQ:AMD) Inc.
  • Xilinx Inc (NASDAQ:XLNX).
  • Xapo Holdings Limited

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27-05-2022 18:31:02 (UTC+7)

EUR/USD

1.0709

-0.0015 (-0.14%)

Summary

Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (2)

Sell (4)

EUR/USD

1.0709

-0.0015 (-0.14%)

Summary

Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (2)

Sell (4)

GBP/USD

1.2602

+0.0008 (+0.07%)

Summary

Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (3)

Sell (4)

USD/JPY

126.94

-0.19 (-0.15%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

Sell (1)

AUD/USD

0.7142

+0.0044 (+0.62%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (2)

Sell (5)

USD/CAD

1.2747

-0.0025 (-0.20%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (5)

EUR/JPY

135.95

-0.39 (-0.29%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (6)

EUR/CHF

1.0268

-0.0019 (-0.19%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

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Gold Futures

1,856.30

+8.70 (+0.47%)

Summary

Neutral

Moving Avg:

Buy (7)

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Indicators:

Buy (1)

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Silver Futures

22.352

+0.387 (+1.76%)

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↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

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Copper Futures

4.2750

+0.0160 (+0.38%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

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Crude Oil WTI Futures

113.28

-0.81 (-0.71%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

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Sell (9)

Brent Oil Futures

113.45

-0.72 (-0.63%)

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↑ Sell

Moving Avg:

Buy (0)

Sell (12)

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Natural Gas Futures

8.630

-0.265 (-2.98%)

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↑ Sell

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Buy (0)

Sell (12)

Indicators:

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Sell (9)

US Coffee C Futures

224.70

-1.90 (-0.84%)

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↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

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Sell (9)

Euro Stoxx 50

3,774.65

+34.34 (+0.92%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (4)

S&P 500

4,057.84

+79.11 (+1.99%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

DAX

14,347.89

+116.60 (+0.82%)

Summary

↑ Buy

Moving Avg:

Buy (12)

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Indicators:

Buy (7)

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FTSE 100

7,588.15

+23.23 (+0.31%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

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Buy (11)

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Hang Seng

20,697.36

+581.16 (+2.89%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

US Small Cap 2000

1,838.24

+39.07 (+2.17%)

Summary

Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (5)

IBEX 35

8,910.95

+22.15 (+0.25%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

BASF SE NA O.N.

50.890

+0.100 (+0.20%)

Summary

Neutral

Moving Avg:

Buy (1)

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Bayer AG NA

65.73

-0.17 (-0.26%)

Summary

↑ Sell

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Buy (2)

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Allianz SE VNA O.N.

198.91

+0.11 (+0.06%)

Summary

↑ Buy

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Buy (12)

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Adidas AG

178.26

+1.50 (+0.85%)

Summary

↑ Sell

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Buy (4)

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Deutsche Lufthansa AG

6.890

+0.040 (+0.58%)

Summary

↑ Buy

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Buy (11)

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Siemens AG Class N

121.28

+2.76 (+2.33%)

Summary

↑ Buy

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Buy (12)

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Buy (8)

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Deutsche Bank AG

10.370

-0.044 (-0.42%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (8)

 EUR/USD1.0709Sell
 GBP/USD1.2602Sell
 USD/JPY126.94Neutral
 AUD/USD0.7142↑ Sell
 USD/CAD1.2747Sell
 EUR/JPY135.95↑ Sell
 EUR/CHF1.0268Neutral
 Gold1,856.30Neutral
 Silver22.352↑ Buy
 Copper4.2750↑ Sell
 Crude Oil WTI113.28↑ Sell
 Brent Oil113.45↑ Sell
 Natural Gas8.630↑ Sell
 US Coffee C224.70↑ Sell
 Euro Stoxx 503,774.65↑ Buy
 S&P 5004,057.84↑ Sell
 DAX14,347.89↑ Buy
 FTSE 1007,588.15↑ Buy
 Hang Seng20,697.36↑ Buy
 Small Cap 20001,838.24Buy
 IBEX 358,910.95↑ Buy
 BASF50.890Neutral
 Bayer65.73↑ Sell
 Allianz198.91↑ Buy
 Adidas178.26↑ Sell
 Lufthansa6.890↑ Buy
 Siemens AG121.28↑ Buy
 Deutsche Bank AG10.370↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,830/ 6,940
(10/ 20) # 1,716
SJC HCM6,855/ 6,955
(25/ 25) # 1,731
SJC Hanoi6,855/ 6,957
(25/ 25) # 1,733
SJC Danang6,855/ 6,957
(25/ 25) # 1,733
SJC Nhatrang6,855/ 6,957
(25/ 25) # 1,733
SJC Cantho6,855/ 6,957
(25/ 25) # 1,733
Cập nhật 27-05-2022 18:31:04
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ↀ Giá vàng thế giới
$1,859.03+6.110.33%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V31.25031.870
RON 95-III30.65031.260
E5 RON 92-II29.63030.220
DO 0.05S25.55026.060
DO 0,001S-V26.35026.870
Dầu hỏa 2-K24.40024.880
ↂ Giá dầu thô thế giới
WTI$113.23-0.41-0.36%
Brent$116.88-1.02-0.88%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.030,0023.340,00
EUR24.263,1125.622,23
GBP28.523,9629.740,84
JPY177,60188,03
KRW15,9119,38
Cập nhật lúc 18:25:10 27/05/2022
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