Analysis of COVID-19-Cryptocurrency Mining Hardware Market 2019-2023 | Popularity of Mining Pools to Boost Growth

Technavio has been monitoring the cryptocurrency mining hardware market, and it is poised to grow by USD 2.7 billion during 2019-2023, progressing at a CAGR of 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here:

Technavio has announced the latest market research report titled Global Cryptocurrency Mining Hardware Market 2019-2023 (Graphic: Business Wire)

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Advanced Micro Devices, Inc, Baikal Miner, Bitfury Group Limited, BitMain Technologies Holding Company, and Canaan Creative CO., LTD. are some of the major market participants. The popularity of mining pools will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The popularity of mining pools has been instrumental in driving the growth of the market.

Cryptocurrency Mining Hardware Market 2019-2023: Segmentation

Cryptocurrency Mining Hardware Market is segmented as below:

  • Product
  • Geographic Landscape
    • APAC
    • Europe
    • MEA
    • North America
    • South America

To learn more about the global trends impacting the future of market research, download the latest free sample report of 2020-2024:

Cryptocurrency Mining Hardware Market 2019-2023: Scope

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. Our cryptocurrency…

Source Link