Cryptocurrency Market Size, Share & Trends Estimation Report By Component (Hardware, Software),By Hardware (Central Processing Unit, Graphics Processing Unit,)

Sample on Global Cryptocurrency Market - Global Industry Analysis,
Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact,
SWOT Analysis, Competition and Forecasts 2022 to 2030

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Global Cryptocurrency Market, 2023-2030
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All Rights Reserved. This document contains highly confidential information and is the sole
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Research Methodology
Methodology/Research Approach
Our research methodology implements a mix of primary as well as secondary research. Our
projects are initiated with secondary research, where we refer to a variety of sources including
trade databases; government published documents, investor presentations, company annual
reports, white papers, and paid databases.
Research Programs/Design
Requirement
collection
Feasibility check of
client requirements
Draft of
deliverables
(iterative step)
Approval from
client
Projectinitiation
Secondary
research
Data collection Primary research
Data validation Data analysis
Cross verification
with panel of
experts
Projectdelivery to
the client
Post-delivery
support

Market Size Estimation
Post the initial data mining stage, we gather our findings and analyse them, Wearable Patch/ Data
Recordering out relevant insights. These are evaluated across teams and by our in-house
Medical. Along with data mining, we also initiate the primary research phase in which we interact
with companies operating within the market space.
To evaluate the wholeness of the market, we interact (via email or telephone) with players who
are responsible in adding value to the final product. Additionally, we interact with related industries
to understand the external factors that can drive/hamper a market. We also make it a point to
evaluate various economic parameters, which typically, have an impact on the purchasing choices
of individuals as well as companies.
Post these stages, data are cross-verified with the companies that operate in a market space. It
is important for us to study these companies in detail, to understand their existing performance
and future strategies which will define the market in the coming years.
All this data is collected and evaluated by our analysts. Post the preparation of the report and
data analysis, the findings are presented to our in-house experts who then eliminate
discrepancies (if any).
 The key players in the industry and markets have been identified through extensive
secondary research.
 The industry’s supply chain and market size, in terms of value, have been determined
through primary and secondary research processes.
 All percentage shares, splits, and breakdowns have been determined using secondary
sources and verified through primary sources.
Data Source
Secondary Sources
In the secondary research process, various secondary sources, such as D&B Hoovers,
Bloomberg Business Week, and Factiva, have been referred to, for identifying and collecting

information for this study. Secondary sources included annual reports, press releases, and
investor presentations of companies; whitepapers, certified publications, and articles by
recognized authors; gold standard and silver standard websites; regulatory bodies; trade
directories; and databases.
List of secondary sources include but are not limited to:
 Academic Journals
 Census.gov
 Bloomberg
 Company Annual Report
 Hoovers
Preliminary data mining
Raw market data is obtained and collated on a broad front. Data is continuously Wearable Patch/
Data Reordered to ensure that only validated and authenticated sources are considered. In
addition, data is also mined from a host of reports in our repository, as well as a number of reputed
paid databases. For comprehensive understanding of the market, it is essential to understand the
complete value chain and in order to facilitate this; we collect data from raw material suppliers,
distributors as well as buyers.
Technical issues and trends are obtained from surveys, technical symposia and trade journals.
Technical data is also gathered from intellectual property perspective, focusing on white space
and freedom of movement. Operation Industry Vertical dynamics with respect to drivers,
restraints, pricing trends is also gathered. As a result, the material developed contains a wide
range of original data that is then further cross-validated and authenticated with published
sources.
Primary Sources
This is the final step in estimating and forecasting for our reports. Exhaustive primary interviews
are conducted, on face to face as well as over the phone to validate our findings and assumptions
used to obtain them. Interviewees are approached from leading companies across the value chain
including suppliers, Component providers, domain experts and buyers so as to ensure a holistic

and unbiased picture of the market. These interviews are conducted across the globe, with
language barriers overcome with the aid of local staff and interpreters. Primary interviews not only
help in data validation, but also provide critical insights into the market, current business scenario
and future expectations and enhance the quality of our reports. All our estimates and forecast are
verified through exhaustive primary research with Key Operation Industry Vertical Participants
(KIPs) which typically include:
 Market leading companies
 Raw material suppliers
 Operating System distributors
 Buyers
The key objectives of primary research are as follows:
 To validate our data in terms of accuracy and acceptability
 To gain an insight in to the current market and future expectations
Some of the KIPs are mentioned as below:
 Medtronic
 Olympus
 Otsuka Holdings Co., Ltd.
 Etcetera
 Others
Statistical model
Our market estimates and forecasts are derived through simulation models. A unique model is
created customized for each study. Gathered information for market dynamics, Component
landscape, Sensor Type development and pricing trends is fed into the model and analyzed
simultaneously. These factors are studied on a comparative basis, and their impact over the
forecast period is quantified with the help of correlation, regression and time series analysis.
Market forecasting is performed via a combination of economic tools, technological analysis, and
industry experience and domain expertise.

Econometric models are generally used for short-term forecasting, while technological market
models are used for long-term forecasting. These are based on an amalgamation of Component
landscape, regulatory frameworks, economic outlook and business principles. A bottom-up
approach to market estimation is preferred, with key regional markets analyzed as separate
entities and integration of data to obtain global estimates. This is critical for a deep understanding
of the industry as well as ensuring minimal errors. Some of the parameters considered for
forecasting include:
 Market drivers and restrains, along with their current and expected impact
 Raw material scenario and supply v/s price trends
 Regulatory scenario and expected developments
 Current capacity and expected capacity additions up to 2026
We assign weights to these parameters and quantify their market impact using weighted average
analysis, to derive an expected market growth rate.
Data Triangulation
Contrive Datum Insights also leverages three Industry Verticals of data triangulation approaches
as follows:
Data Triangulation Techniques
Source: Secondary Literature, Expert Interviews, and Contrive Datum Insights Analysis 2023
Data Source Triangulation
• Extracting data and validation
from multiple type of
secondary and primary
sources
Methodology Triangulation
• Combining various
methodologies to validate
data inputs
Theory Triangulation
• Applying different theories to
check credibility of data sets

Contrive Datum Insights data modeling tool is an in-house developed tool, which is based on the
fundamental Top Down and Bottom Up approach.
Bottom Up Approach
After arriving at the overall market size using the market size estimation processes as explained
above, the market was split into several segments and sub segments. To complete the overall
market engineering process and arrive at the exact statistics of each market segment and sub
segment, the data triangulation and market breakdown procedures were employed, wherever
applicable. The data was triangulated by studying several factors and trends from both the
demand and supply sides.
Global
Market
Value
Add up all Country Market Sizes
to Derive Regional Market Size
Market Size for a Country = Add up of Total
Company Revenues
Primary: Demand and Supply Side Experts
Secondary: Annual Reports, Presentations,
Press Release, Journals, Paid Databases,
and A2Z Market Research database
Primary: Demand & Supply Side Experts
Secondary: Annual Reports, Presentations,
Press Releases, Journals, Paid Databases,
and A2Z Market Research database
Bottom-upApproach (Segmental Analysis) Global Market

Top Down Approach
Report Objectives
 To define, describe, and forecast the {Keyword} Market by segments, and region
 To provide detailed information about the major factors (drivers, restraints, opportunities,
and challenges) influencing the growth of the market
 To analyze the sub-segments with respect to individual growth trends, prospects, and
contributions to the total market
 To analyze opportunities in the market for stakeholders and provide the competitive
landscape of the market
 To forecast the revenues of the market segments with respect to the major regions, such
as North America, Europe, Asia Pacific (APAC), Middle East & Africa and South America.
 To profile the key players and comprehensively analyze their recent developments and
positioning in {Keyword} market.
Global Market ($ Million)
Geographical Split
Percent Split for Type and
Application Segments for
Market
Country Split
Global Market Size Through Primaries(Demand and
Supply Side Experts)
Secondary: Annual Reports, Presentations, Press
Release, Journals, Paid Databases, and A2Z Market
Research
Secondary: Annual Reports, Presentations, Press
Release, Journals, Paid Databases, and A2Z Market
Research database
Primary: Demand &and Supply Side Experts
Secondary: Company Websites, Press Releases, and
News Articles
Top-Down Approach (SegmentalAnalysis) Global Market

 To analyze competitive developments, such as mergers and acquisitions, new product
developments, and Research and Development (R&D) activities, in the market

Market Overview
Market Synopsis
Cryptocurrency is a type of digital asset that may be created and transferred in the form of
currency units without the assistance of a government or central bank thanks to encryption
technology. The system use a "decentralized distributed ledger" technology to establish
guidelines and policies for various transactions, including money transfers. With the help of this
banking system, users may make payments quickly and easily without having to wait for third-
party verification or additional processing time.
New advances in AI are anticipated to have a significant impact on the bitcoin market. The
increasing popularity of AI-based cryptocurrency platforms has prompted several businesses to
concentrate on developing AI technology. For instance, researchers at Los Alamos National
Laboratory developed a tool in August 2021 that employs artificial intelligence to track down
illicit cryptocurrency miners that utilize lab computers to mine bitcoin.
Additionally, because cryptocurrencies are becoming a more popular decentralized asset class,
private venture firms are making investments in the industry. For example, USD 6.1 billion was
invested in 106 separate transactions in the US cryptocurrency market in 2021. The fact that
more people desire to utilize cryptocurrencies as an alternative form of payment in nations like
Zimbabwe, Argentina, and Iran where their currencies have depreciated is another factor
contributing to the increase.
Request Sample Copy of Report “Cryptocurrency Market Size, Share & Trends Estimation Report
By Component (Hardware, Software) By Hardware (Central Processing Unit, Graphics Processing
Unit) By Software (Mining Software, Exchange Software) By Process (Mining, Transaction) By
Type (Bitcoin, Bitcoin Cash) By End-use (Banking, Gaming, Government, Healthcare, Retail & E-
commerce, Trading, Others) By Region, And Segment Forecasts, 2023 - 2030”, published by
Contrive Datum Insights.
Market Dynamics
Market Trends:
 Growing Adoption of Digital Currencies will have Profound Impact on the
Market

In the upcoming years, the industry is anticipated to be driven by the growing popularity of virtual
or digital currencies like Bitcoins, Litecoins, Ethers, and many more. It is probable that individuals
from industrialized nations would embrace the convenient and adaptable mode of trade provided
by digital currency. The central bank decided to back virtual money due to its appeal as a medium
of exchange. The Central Bank of many industrialized countries has copyrighted the Central Bank
Digital Currency (CBDC) activity provisions for digital currency projects. The People's Bank of
China and the Eastern Caribbean Central Bank encourage CBDC to accept digital cash as a
medium of exchange. The Bank of Thailand and the Central Bank of Uruguay, for example, are
incorporating the toolkit into their CBDC assessment procedures.
Driving Factors:
 Focus on Mitigating Financial Crisis, and Regional Instability Drives the
Virtual Currency’s Demand
One of the biggest problems facing traditional banking and the financial industry is financial
calamity. Currency value declines due to financial uncertainty disrupt the economy. For example,
India's ICICI bank dealt with the Lehman Brothers crisis, which had a significant impact on the
country's economy in 2008. Since the value of cryptocurrencies, like Bitcoins, is evenly distributed,
the financial crisis has had no impact on them. One key element boosting the industry is the fact
that cryptocurrency are better solutions in times of financial instability for the regions with shaky
economical structures.
 Increasing Adoption of Bitcoin to Witness Exponential Demand for
Cryptocurrency Market
One of the most widely used and well-liked digital currencies worldwide is bitcoin. The market is
expanding due in part to increased visibility, investor interest, and supportive legislation. The
ability to give incentives for transactions and the increasing value of bitcoin cash are also driving
up the market value of digital currency. People's preference for digital money is evident in
developing nations like Japan, the United States, Europe, and many more. This is predicted to
support the rise of the cryptocurrency sector in the years to come.

STRATEGIC DEVELOPMENT:
• WazirX, a Mumbai-based Bitcoin exchange, was acquired by Binance.com in January 2020.
Binance.com is concentrating heavily on expanding its company in India with this acquisition.
The Fiat Gateway architecture was patented by Binance.com, and WazirX's peer-to-peer (P2P)
engine will be integrated to the website to facilitate the purchase of Tether or USDT and
cryptocurrency trading by users.
• Visa Inc. handled cryptocurrency payments on the Ethereum Blockchain directly in March
2021 and intends to launch it as a new payment service. The company hopes to encourage the
finance industry to accept cryptocurrency payments through this important effort.
• In March 2018, NVIDIA revealed a number of new agreements and technologies that will
enable it to reach 30 million hyperscale servers globally in the inference industry and
significantly reduce the cost of providing deep learning-based services.
• AMD announced the AMD Ryzen Embedded V1000 processor and the EPYC Embedded 3000
series processor in February 2018. These chips have excellent integration, strong performance,
and built-in security.
• In June 2021, 650 banks and credit unions will be able to purchase cryptocurrencies thanks to a
partnership between NCR Corporation and digital asset management startup NYDIG. Customers
of NCR Bank who purchased digital currency through third-party exchanges requested this,
which is why it is being done.
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Market Scope
On the basis of By Component Outlook, the market has been segmented as follows:
 Hardware
 Software
On the basis of By Hardware, the market has been segmented as follows:
 Central Processing Unit
 Graphics Processing Unit
 Application-Specific Integrated Circuit
 Field Programmable Gate Array
On the basis of By Software, the market has been segmented as follows:
 Mining Software
 Exchange Software
 Wallet
 Payment
 Others
On the basis of By Type, the market has been segmented as follows:
 Bitcoin
 Bitcoin Cash
 Ethereum
 Litecoin
 Ripple
 Others
On the basis of By End-User, the market has been segmented as follows:
 Banking
 Gaming
 Government
 Healthcare
 Retail & E-commerce
 Trading
 Others

On the basis of Companies
 Bitmain Technologies Ltd. (Beijing, China)
 Xilinx, Inc. (California, U.S.)
 Intel Corporation (California, U.S.)
 Advanced Micro Devices, Inc. (California, U.S.)
 Ripple Labs, Inc. (California, U.S.)
 Bitfury Group Limited. (Amsterdam, U.K.)
 Ledger SAS (Paris, France)
 Nvidia Corporation (California, U.S.)
 BitGo (California, U.S.)
 Xapo (Zürich, Switzerland)
On the basis of Geography
 NORTH AMERICA
 EUROPE
 ASIA PACIFIC
 MIDDLE EAST AFRICA
 SOUTH AMERICA
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Cryptocurrency Market Size, Share & Trends Estimation Report By Component (Hardware, Software),By Hardware (Central Processing Unit, Graphics Processing Unit,)

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Cryptocurrency Market Size, Share & Trends Estimation Report By Component (Hardware, Software),By Hardware (Central Processing Unit, Graphics Processing Unit,)