Cryptocurrency Mining Hardware: Global Market Forecasts 2018-2022 with Advanced Micro Devices, Baikal Miner, BitFury, Bitmain, and Canaan Creative Dominating - ResearchAndMarkets.com
May. 15, 2018
DUBLIN--(BUSINESS WIRE)--May 15, 2018--The "Global Cryptocurrency Mining Hardware Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
The global cryptocurrency mining hardware market is forecast to grow at a CAGR of 9.66% during the period 2018-2022.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is acceptance of cryptocurrency by retailers. The rising trend of acceptance of cryptocurrency by retailers is one of the key factors driving the growth of the cryptocurrency mining hardware market. Large retailers are steadily adopting cryptocurrencies such as Bitcoin and Ether for carrying out their financial transactions.
According to the report, one driver in the market is profitability of cryptocurrency mining ventures. Cryptocurrency miners acquire cryptocurrency profit that is decided by the quantity of every successful transaction and contains the processing power used by the mining hardware. To increase the profitability of their cryptocurrency mining ventures, miners are expanding and setting up large-scale dedicated rigs.
Further, the report states that one challenge in the market is volatility in value of cryptocurrency. The value of cryptocurrency is extremely volatile. Hence, low-risk investors do not include cryptocurrency in their financial portfolios. The volatility of value is due to the significant share of cryptocurrency held by a limited number of people who buy and sell high volumes on trading platforms and trade exchanges.
Key VendorsAdvanced Micro Devices Baikal Miner BitFury Bitmain Canaan Creative
Key Topics Covered
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Market Segmentation by Product
8. Customer Landscape
9. Regional Landscape
10. Decision Framework
11. Drivers and Challenges
12. Market Trends
13. Vendor Landscape
14. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/7djj9s/cryptocurrency?w=4
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SOURCE: Research and Markets
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PUB: 05/15/2018 11:44 AM/DISC: 05/15/2018 11:44 AM