LONDON--(BUSINESS WIRE)--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.
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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
- ASIC And GPU
-
Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
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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 mining hardware market report covers the following areas:
- Cryptocurrency Mining Hardware Market size
- Cryptocurrency Mining Hardware Market trends
- Cryptocurrency Mining Hardware Market industry analysis
This study identifies the use of smartphones and applications to mine cryptocurrency as one of the prime reasons driving the cryptocurrency mining hardware market growth during the next few years.
Cryptocurrency Mining Hardware Market 2019-2023: Vendor Analysis
We provide a detailed analysis of vendors operating in the cryptocurrency mining hardware market, including some of the vendors such as Advanced Micro Devices, Inc, Baikal Miner, Bitfury Group Limited, BitMain Technologies Holding Company, and Canaan Creative CO., LTD. Backed with competitive intelligence and benchmarking, our research reports on the cryptocurrency mining hardware market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
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Cryptocurrency Mining Hardware Market 2019-2023: Key Highlights
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will assist cryptocurrency mining hardware market growth during the next five years
- Estimation of the cryptocurrency mining hardware market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the cryptocurrency mining hardware market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of cryptocurrency mining hardware market vendors
Table Of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
- Market segmentation by product
- Comparison by product
- ASIC - Market size and forecast 2018-2023
- GPU - Market size and forecast 2018-2023
- Parameters for selection of cryptocurrency mining hardware
- Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2018-2023
- North America - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Trends in global cryptocurrency market affecting global cryptocurrency
- mining hardware market
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Advanced Micro Devices, Inc
- Baikal Miner
- Bitfury Group Limited
- BitMain Technologies Holding Company
- Canaan Creative CO., LTD
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of vendor positioning
PART 15: EXPLORE TECHNAVIO
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