Global Cryptocurrency Mining Market – Industry Trends and Forecast to 2026

  • Semiconductors and Electronics
  • Upcoming Report
  • Oct 2019
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Cryptocurrency Mining Market By Mining Enterprise (Large Miners, Small Miners), Revenue Source (Transaction Fees, Block Rewards), Mining Type (Self-Mining, Cloud Mining Services, Remote Hosting Services), Hardware (ASIC, GPU), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global Cryptocurrency Mining Market

Global cryptocurrency mining market is set to witness a healthy CAGR of 10.05% in the forecast period of 2019- 2026. The report contains data of the base year and historic year 2017. Increasing acceptance of cryptocurrency and technological advancement are the factor for the market growth

Market Definition: Global Cryptocurrency Mining Market

Cryptocurrency mining is a method in which exchanges of different forms of cryptocurrency are validated and applied to the digital ledger blockchain. It is the responsible of the cryptocurrency miner to update the blockchain with the transaction whenever a cryptocurrency blockchain is done. This process provides security to the network users and also ensures integrity. There are different types of mining such as cloud mining services, self-mining, and remote hosting services.

Market Drivers:

  • Increasing requirement of electricity and hashing power will drive the market
  • Rising market capitalization will also enhance the market
  • Growing scope of Alt coins in various applications will also accelerate the market
  • Rising penetration of smartphones will also drive the market growth

Market Restraints:

  • High transaction fees emphasised by miner will hamper the market growth
  • Declining probability of finding new blocks will also restrain the market
  • Lack of awareness and technical understanding towards the cryptocurrency mining can hamper the market growth

Segmentation: Global Cryptocurrency Mining Market

By Mining Enterprise

  • Large Miners
  • Small Miners

By Revenue Source

  • Transaction Fees
  • Block Rewards

By Mining Type

  • Self-Mining
  • Cloud Mining Services
  • Remote Hosting Services

By Hardware

  • ASIC
  • GPU

By Geography

  • North America

    • U.S.
    • Canada
    • Mexico

  • Europe

    • Germany
    • Italy
    • U.K.
    • France
    • Spain
    • Netherlands
    • Belgium
    • Switzerland
    • Turkey
    • Russia
    • Rest of Europe

  • Asia-Pacific

    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest of Asia-Pacific

  • South America

    • Brazil
    • Argentina
    • Rest of South America

  • Middle East and Africa

    • Saudi Arabia
    • UAE
    • South Africa
    • Egypt
    • Israel
    • Rest of Middle East and Africa

Key Developments in the Market:

  • In September 2019, Bitmain announced the launch of their two new ASIC mining the S17e and the T17e. These two new models feature developments that are expected to result in increased effectiveness, more stable operation and longer service life. These two models also have high cybersecurity standards to decrease the risk associated with any unexpected attacks
  • In April 2018, Vogogo Inc, announced that they have acquired Crypto 205 Inc. This acquisition will help the company to strengthen their position in the    expanding cryptocurrency space. Vogogo now has a optimized network for blockchain transactions via associated payments, mining, and a variety of support services

Competitive Analysis:

Global cryptocurrency mining market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cryptocurrency mining market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the global cryptocurrency mining market are ViaBTC Technology Limited, Slush Pool, F2Pool, HashFlare LP, LIVIKA LP, Genesis Mining, Eobot Inc., Binance.com, BitMain Technologies Holding Company., Riot Blockchain, Inc., Hut 8 Mining Corp, MiningStore, Miningsky.io, iMining Blockchain and Cryptocurrency Inc, MinerGate, StartMiner, Alibaba.com, Stax Digital, SocialChain Inc, among others.

Research Methodology: Global Cryptocurrency Mining Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved


SKU-

Please fill in the below form for detailed Table of Content

Please fill in the below form for detailed List of Table

Please fill in the below form for detailed List of Figure

CHOOSE LICENCE TYPE
  • 7000.00     
  • 4800.00     
  • 3000.00     
  • 8000.00     
  • 12000.00     
BUY NOW ADD TO CART
Why Choose Us