Cryptocurrency Mining Hardware Market to grow by USD 9.21 billion between 2021 - 2026 | Growth Driven by Profitability of Cryptocurrency mining ventures - Technavio
NEW YORK, Sept. 17, 2023 /PRNewswire/ -- The Cryptocurrency Mining Hardware Market report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the cryptocurrency mining hardware market between 2021 and 2026 is USD 9.21 billion. The profitability of cryptocurrency mining ventures drives the cryptocurrency mining hardware market. Mining cryptocurrency is a slow and cumbersome process that is not profitable on a small scale. The adoption of cryptocurrency cloud mining is growing and in cloud-mining, customers invest in a cloud-hosted cryptocurrency mining venture, which transfers a certain share of the earned cryptocurrency to its customers. Furthermore, factors like the profitability of cryptocurrency mining ventures will lead to the entry of several small-scale cryptocurrency mining ventures that will adopt cloud mining. Hence, such factors fuel the growth of the cryptocurrency mining hardware market during the forecast period. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here
The cryptocurrency mining hardware market is segmented by Product (ASIC and GPU) and Geography (APAC, North America, Europe, South America, and Middle East and Africa).
Key Companies in the Cryptocurrency Mining Hardware Market:
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., Unruly Technologies Ltd.
The Global Cryptocurrency Market size is estimated to grow at a CAGR of 15.81% between 2022 and 2027. The market size is forecast to increase by USD 1,815.78 million. This cryptocurrency market report extensively covers market segmentation by Type (bitcoin, Ethereum, and others), Component (hardware and software), and Geography (North America, Europe, APAC, South America, and Middle East and Africa). Rising investment in digital assets is one of the key drivers fueling the cryptocurrency market's growth.
The predicted growth for the cryptocurrency ATM market size from 2021 to 2026 is USD 2.37 billion at a progressing CAGR of 53.09%. This cryptocurrency ATM market forecast report extensively covers segmentations by type and geography. The increasing number of installations is notably driving the cryptocurrency ATM market growth.
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Geography
Drivers, Challenges, & Trends
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