Cryptocurrency exchange regulations in the United States are also in an uncertain legal territory, and several of the federal regulators claim jurisdiction. Of the major US regulatory bodies, the Securities and Exchange Commission (SEC) has indicated that it considers cryptocurrencies to be securities: in March 2018 it stated that it was looking to apply securities laws comprehensively for digital wallets and exchanges. By contrast, The Commodities Futures Trading Commission (CFTC) has adopted a friendlier,
According to the report, Implementation of New Technologies in Finance to Create Innovative Products is one of the primary growth factors for the market. Growing Need for Decentralized and Secure Digital Payment System
is also expected to contribute significantly to the ASIC Bitcoin Mining Hardware market. Overall, Enterprise
applications of ASIC Bitcoin Mining Hardware, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Distribution Channel, such as Online, is boosting the ASIC Bitcoin Mining Hardware market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global ASIC Bitcoin Mining Hardware market identified that the demand is rising in many different parts of the world as "Large Untapped Markets Of Developing Economies". Furthermore, some recent industry insights like "On 7 Nov, 2017, Bitmain, based in Beijing, the world's largest Bitcoin mining hardware producer, announced its first products to accelerate artificial intelligence (AI) applications. The new products are a CIEA (Application-specific integrated circuit) optimized for training functions for deep learning networks and an advanced module with fan that combines it into a compact and easy to integrate package." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global ASIC Bitcoin Mining Hardware market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the ASIC Bitcoin Mining Hardware market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.