Market Research Report
Global Cryptocurrency Mining Hardware Market 2020-2024
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||938098|
|Published||Content info||120 Pages
Delivery time: 1-2 business days
|Global Cryptocurrency Mining Hardware Market 2020-2024|
|Published: May 13, 2020||Content info: 120 Pages||
Technavio has been monitoring the cryptocurrency mining hardware market and it is poised to grow by $ 2.80 bn during 2020-2024 progressing at a CAGR of 7% during the forecast period. Our reports on cryptocurrency mining hardware market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rising popularity of mining pools, increasing number of product launches, and growing demand for cryptocurrency-specific hardware. In addition, rising popularity of mining pools is anticipated to boost the growth of the market as well.
The cryptocurrency mining hardware market analysis include product segment and geographic landscapes
Technavio's ‘cryptocurrency mining hardware market ’ is segmented as below:
By Geographic Landscape:
This study identifies the increasing popularity of ICOs as one of the prime reasons driving the cryptocurrency mining hardware market growth during the next few years. Also, use of clean energy to mine cryptocurrency, and market capitalization will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our cryptocurrency mining hardware market covers the following areas:
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cryptocurrency mining hardware market vendors that include Advanced Micro Devices Inc., ASICminer Co., Baikal Miner, Bitfury Group Ltd., BitMain Technologies Holding Co., Canaan Inc., Cynosure Technologies Co. Ltd., Halong Mining, INNOSILICON Technology Ltd., and Shenzhen MicroBT Electronics Technology Co. Ltd.. Also, the cryptocurrency mining hardware market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.