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Cryptocurrency Market Size 2025-2029

The cryptocurrency market size is forecast to increase by USD 39.75 billion at a CAGR of 16.7% between 2024 and 2029.

The market continues to evolve at an unprecedented pace, driven by increasing investment in digital assets and growing acceptance by retailers as a legitimate form of currency. According to recent reports, global investment in cryptocurrencies reached an all-time high in 2020, with institutional investors leading the charge. This trend is expected to continue, as more financial institutions explore the benefits of cryptocurrencies for portfolio diversification and transaction settlement. However, the market's volatility remains a significant challenge for both investors and businesses. The value of cryptocurrencies can fluctuate dramatically in a short period, making it difficult to predict future trends and assess risk. Despite this, many companies are finding ways to capitalize on the opportunities presented by the market. For instance, some retailers have begun accepting Bitcoin and other cryptocurrencies as payment, while others are exploring blockchain technology to streamline transactions and enhance security. To navigate this complex and dynamic market, companies must stay informed about the latest trends and developments. This includes keeping abreast of regulatory changes, technological advancements, and market sentiment. By doing so, they can position themselves to take advantage of emerging opportunities and mitigate potential risks. Overall, the market offers significant potential for growth and innovation, but also presents unique challenges that require careful planning and strategic foresight.

What will be the Size of the Cryptocurrency Market during the forecast period?

Request Free SampleThe market, driven by the underlying technology of blockchain, represents a decentralized currency system that has gained significant global adoption as a digital alternative to traditional fiat currencies. With a total market capitalization surpassing USD2 trillion, this dynamic market is characterized by price volatility, presenting both opportunities and risks for investors. Theft and security concerns, regulatory outlook, and energy consumption with environmental effects are among the challenges faced by this industry. Skilled developers and financial services institutions are increasingly embracing this digital revolution, leveraging blockchain technology to create innovative consumer protection solutions and ensure financial stability. Meanwhile, the rise of decentralized systems and public ledgers has given way to the proliferation of digital assets, leading to an influx of fraudulent investments. Renewable energy sources and blockchain talent are becoming essential components of the cryptocurrency ecosystem as the industry strives to address concerns related to energy consumption and environmental effects.

How is this Cryptocurrency Industry segmented?

The cryptocurrency industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. TypeBitcoinEthereumOthersRippleBitcoin CashCardanoComponentHardwareSoftwareProcessMiningTransactionMiningTransactionEnd-UseTradingE-commerce and RetailPeer-to-Peer PaymentRemittanceTradingE-commerce and RetailPeer-to-Peer PaymentRemittanceGeographyNorth AmericaUSCanadaEuropeGermanyItalySwitzerlandThe NetherlandsUKAPACChinaJapanSouth AmericaBrazilMiddle East and Africa

By Type Insights

The bitcoin segment is estimated to witness significant growth during the forecast period.Bitcoin, the largest cryptocurrency by market capitalization, is a decentralized digital currency valued at over USD470 billion. It operates on a peer-to-peer (P2P) system without central authorities. The top four stablecoins, Tether, USD Coin, Binance USD, and DAI, are directly pegged to the US dollar and collectively hold a significant market share. In the US, approximately 8% of the population engages in cryptocurrency trading. Bitcoin, as a digital asset, is created, stored, processed, and transferred using blockchain technology – a decentralized system. Other cryptocurrencies like Ethereum, Ripple, and Litecoin also follow this model. The market is evolving, with financial services increasingly adopting digital assets for transactions, investments, and consumer protection. Blockchain technology powers digital wallets, crypto exchanges, and smart contracts, enabling decentralized finance, token offerings, and decentralized applications. The market is subject to price volatility and theft risk, necessitating wallet security and regulatory compliance. Energy consumption and environmental effects are areas of concern, with renewable energy solutions emerging. Skilled developers are in high demand for cre

Crypto 24h trading volume declined as 2023 progressed, with figures being one-third lower than in 2022. The decline follows after Binance and Coins - two of the biggest crypto exchanges in the world - received lawsuits in the United States. Observations are also that the crypto market was quiet after April, citing a lack of a "strong overarching narrative". This is in contrast to 2021 and 2022 when cryptocurrency dominated the news and many people sought fortune in the digital currency.

Bitcoin developments

Bitcoin's trade volume slowed in the second quarter of 2023, after hitting a noticeable growth at the beginning of the year. The coin outperformed most of the market. Some attribute this to the announcement in June 203 that BlackRock filed for a Bitcoin ETF. This iShares Bitcoin Trust was to use Coinbase Custody as its custodian. Regulators in the United States had not yet approved any applications for spot ETFs on Bitcoin.

Changes in Ethereum staking in 2023

Ethereum's trade volume changed in 2023 due to the rollout of the Shapella (Shanghai and Cappella) upgrade. The update allowed investors to withdraw (unstake) Ethereum deposited into the network. Staking can be somewhat compared to depositing money at a bank, where one would submit money to be held and gains interest as time goes by. Lido has the highest staking pool (a platform that allows for staking) in Ethereum, higher than major crypto exchanges Coinbase and Kraken.

Prices for INRETH Indian Rupee Ethereum including live quotes, historical charts and news. INRETH Indian Rupee Ethereum was last updated by Trading Economics this March 27 of 2025.

Prices for BTCINR Bitcoin Indian Rupee including live quotes, historical charts and news. BTCINR Bitcoin Indian Rupee was last updated by Trading Economics this March 26 of 2025.

The cryptocurrency market has witnessed a surge in popularity over the past decade, propelled by factors such as growing adoption, technological advancements, and increasing institutional interest. In 2019, the market size stood at $915.8 million, and it is projected to reach $3,009.6 million by 2033, exhibiting a CAGR of 3.5% during the forecast period from 2025 to 2033. Key drivers of this growth include the rising demand for digital currencies as an alternative to traditional fiat currencies, geopolitical uncertainties, and the increasing use of cryptocurrencies for online transactions. The cryptocurrency market is highly segmented, with various types, applications, and regions exhibiting unique trends. Bitcoin (BTC) and Ether (ETH) remain the dominant players, accounting for a significant share of the market. The Transaction segment is expected to witness substantial growth, driven by the increasing popularity of cryptocurrencies for cross-border payments and remittances. North America and Asia Pacific are projected to be the largest regional markets, with the United States, China, and India emerging as key growth drivers. The presence of major cryptocurrency exchanges and favorable regulatory frameworks in these regions is expected to contribute to their continued dominance.

Between December 2020 and March 2021, the number of women in India that invests in Bitcoin or other cryptocurrencies increased dramatically. The source - said to be India's largest cryptocurrency exchange - mentions a 300 percent increase in this time frame. This makes around one on out five customers female, with the majority of them belonging to an age group between 18 and 34 years old. In terms of specifying how many users this entails exactly is difficult to establish: In 2018, the Reserve Bank of Bank banned banks from working with cryptocurrency exchanges, a ban that was overruled in 2020 but might return in 2021 with the Indian government reported to introduce legislation to prohibit cryptocurrency mining, trading or holding them as personal assets.

According to Cognitive Market Research, the global Blockchain Security Solutions market size will be USD 2351.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 44.90% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 940.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 43.1% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 705.36 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 540.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 46.9% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 117.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 44.3% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 47.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 44.6% from 2024 to 2031.
Identity and access management (IAM) is the dominant category in the blockchain security software business

Market Dynamics of Blockchain Security Solutions Market

Key Drivers for Blockchain Security Solutions Market

Rising Identity and Data Theft Incidents Will Drive Demand for Cryptographic Ledger Solutions

BFSI organizations are implementing digital ledger technology to protect end-user financial data and identity. Cross-border transactions, clearing and settlements, trade finance platforms, digital identity verification, and credit reporting are all popular technology applications in the BFSI industry. This is projected to boost market growth. For instance, in June 2021, India's major banks, including the State Bank of India (SBI), HDFC, ICICI Bank, and others, formed Indian Banks' Blockchain Infrastructure Co (IBBIC) to secure transactions, reduce transaction processing time, and accelerate the process of letters of credit.

Rising security threats and vulnerabilities are a major driver in the blockchain security software market.

The growing frequency and sophistication of digital security threats and vulnerabilities is a major driving force behind the blockchain security software business. As businesses increasingly adopt blockchain technology to promote transparency, efficiency, and confidence in their operations, the decentralized nature of blockchain networks makes them a tempting target for malicious actors. The increasing number of cyber threats, such as unauthorized access, data breaches, and sophisticated attacks on smart contracts, underscores the importance of solid security measures. Blockchain security software mitigates these vulnerabilities by utilizing advanced cryptographic algorithms, encryption, and consensus mechanisms to ensure transaction integrity and confidentiality. The immutability of blockchain, while a strength, needs enhanced security to avoid compromise. As the digital world grows, so does the demand for blockchain security solutions, driven by the need to protect dispersed networks from an ever-increasing range of security threats, making it an essential component of the larger cybersecurity ecosystem

Restraint Factor for the Blockchain Security Solutions Market

The complexity of blockchain technology will impede the blockchain security software market throughout the forecast period.

The complexity of blockchain technology will pose a substantial challenge to the blockchain security software business over the forecasted time. While blockchain is praised for its decentralized and tamper-proof properties, its unique architecture and technological complexities provide issues that require advanced security solutions. Blockchain's distributed and immutable ledger structure ensures openness and integrity, but it also introduces new security risks. Blockchain security software must deal with complications such as consensus processes, smart contracts, and cryptographic protocols, making the development and implementation of effective security measures more difficult.

Impact of Covid-19 on the Blockchain Security Solutions Market

The impact of Covid-19 on the Blockchain Security Solutions Market was simply tremendous; it hastened the pace of the adoption of digital technologies in a...

Prices for BCHINR Bitcoin Cash Indian Rupee including live quotes, historical charts and news. BCHINR Bitcoin Cash Indian Rupee was last updated by Trading Economics this March 13 of 2025.

Prices for INRBTC Indian Rupee Bitcoin including live quotes, historical charts and news. INRBTC Indian Rupee Bitcoin was last updated by Trading Economics this March 26 of 2025.

The India Metaverse Market refers to the digital ecosystem in which immersive virtual environments are created using augmented reality (AR), virtual reality (VR), blockchain, and AI technologies. The metaverse allows users to interact, socialize, work, and engage in commerce within a shared, interconnected virtual space. This emerging market in India is driven by a combination of technological advancements, increasing internet penetration, and the growing adoption of AR and VR technologies. The country’s large tech-savvy population, coupled with its rapidly expanding digital economy, provides a fertile ground for metaverse adoption. Drivers include rising investments in metaverse startups, growing interest from industries such as gaming, entertainment, real estate, and e-commerce, and the push for digital transformation across businesses. Additionally, government initiatives promoting digital infrastructure and innovation, such as the "Digital India" campaign, further catalyze market growth. The India metaverse market is shaped by several key trends. One notable trend is the integration of blockchain technology, which facilitates decentralized platforms, secure transactions, and digital asset ownership through non-fungible tokens (NFTs). Another significant trend is the adoption of the metaverse in education and training, where virtual environments enhance learning experiences and professional development. Recent developments include: In September 2022, NEOM Tech & Digital, a component of Saudi Arabia's $500 billion NEOM project, announced a $1.0 billion investment in AI, which includes a metaverse infrastructure. The company plans to launch its metaverse, a 3D virtual environment in which users can interact with one another., In September 2022, Meta Platforms worked with the Indian IT Ministry to develop the XR Startup Program in the country, which aims to boost innovation in new technologies such as augmented reality and virtual reality. This effort was designed to encourage technological innovation in smaller communities and municipalities., In January 2022, The Sandbox announced a collaboration with Warner Music Group to create the first music-themed planet in the Sandbox metaverse. This agreement would be Warner Music Group (WMG)'s first foray into the metaverse and NFT sectors.. Key drivers for this market are: Gaming and entertainment sectors are witnessing rapid growth, with metaverse platforms offering interactive and immersive experiences. Potential restraints include: High costs associated with AR and VR hardware limit. Notable trends are: Integration of blockchain technology.

The Blockchain in Insurance Market size was valued at USD 766.0 USD Million in 2023 and is projected to reach USD 21666.26 USD Million by 2032, exhibiting a CAGR of 61.2 % during the forecast period. ‘Blockchain in the insurance market’ translates to the eternity of the usage of blockchain in the field of insurance to develop transparency, effectiveness, and security. The blockchain allows the feature of secure database networks with their distributed ledgers presenting transactions irrefutably and transparently. Blockchain is applied in the underwriting to manage coverage, process claims, against fraud, and evaluate risk. The employment of blockchain can result in the minimization of operations cycles as well as fees and enhancement of customer service processes. In this way we will be able to increase customer satisfaction, administration procedures will be simplified and levels of agreement in transactions will be universally recognized. Primarily, the capabilities of this technology are centered on transparency, immutability, and security through encryption. Blockchain helps to provide this benefit enabling a smooth claim submission by further reducing the risk of fraud and smart contracts accordingly the efficiency, expense, and trust in insurance gets improved. Recent developments include: June 2023: JP Morgan collaborated with six Indian banks with the aim to introduce a blockchain-centered platform around U.S. dollar settlements. These bank names include Axis Bank, HDFC Bank, Yes Bank, ICICI Bank, IndusInd Bank, and JPMorgan’s GIFT City. With this, the company aims to get rid of problems that revolve around traditional finance., December 2022: Italy selected the Algorand blockchain technology to enhance its traditional banking systems starting in 2023. With this, the country also becomes the first member nation of the European Union (EU) to incorporate blockchain with its insurance and financial systems., September 2022: The insurance arm of Ant Group introduced a digital operation platform that is based on blockchain technology, which is primarily developed to help insurance companies in China. This new launch, the Xingyun platform, aids insurers in enhancing their operational efficiency and customer experience., November 2020: B3i Services AG partnered with TCS with the intent to develop solutions that are based on blockchain technology and are dedicated to the insurance industry. These solutions are coupled with the creative capabilities of TCS and B3i’s advanced production DLT platform. With these capabilities, the solutions qualify to accelerate the digitization of insurance for a more efficient customer experience., July 2019: Aon collaborated with Etherisc and Oxfam to unveil a blockchain-based agricultural insurance platform for small farmers and farms in Sri Lanka. This platform provides micro-insurance to smallholder paddy field farmers who are losing their crops due to uncertain weather. Along with this, it also intends to streamline the claims process and reduce administration costs by leveraging blockchain technology.. Key drivers for this market are: Increasing Number of Strategic Alliances to Fuel Market Growth. Potential restraints include: Lack of Standardization, High Initial Costs, and Security Constraints to Hinder Market Growth. Notable trends are: Realizing the Potential of Incorporating Blockchain Technology in Insurance Solutions .

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ASIC Miner Market Size 2024-2028

The ASIC miner market size is forecast to increase by USD 112 million at a CAGR of 6.1% between 2023 and 2028.

The market is experiencing significant growth due to the increasing profitability of cryptocurrency mining ventures and investments by major semiconductor companies in mining-specific hardware. The volatility In the value of cryptocurrencies adds an element of risk but also presents opportunities for substantial returns. Cryptocurrency mining is no longer limited to high-end PCs and computers; it is now possible to mine digital currencies using smartphones and laptops. However, the energy consumption requirements of ASIC miners have raised concerns, leading to a push towards renewable energy sources to power mining operations. This market analysis report provides a comprehensive study of the trends and challenges shaping the market, offering insights into the future growth prospects of this dynamic industry.

What will be the Size of the ASIC Miner Market During the Forecast Period?

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The market is a dynamic and evolving sector within the broader cryptocurrency landscape. ASICs, or Application-Specific Integrated Circuits, are specialized hardware machines designed for mining various cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, Ripple, Litecoin, and Dashcoin, among others. These machines offer significant processing power advantages over traditional CPUs and GPUs, making them the go-to choice for efficient and profitable mining. Mining pools, which facilitate collaboration among miners to increase their collective processing power and earning potential, have become increasingly popular In the market. 
The market's size and direction are influenced by the ongoing development of more powerful and energy-efficient ASIC mining machines, cooling technologies, and noise reduction techniques. Additionally, the industry is exploring sustainable mining practices and alternative energy sources to minimize environmental impact. The digital currency market, fueled by blockchain technology, continues to evolve, leading to increased demand for specialized mining hardware. Overall, the market continues to grow as blockchain networks, such as Proof of Work (PoW) systems, rely on these machines to secure their networks and validate transactions.

How is this ASIC Miner Industry segmented and which is the largest segment?

The ASIC miner industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Enterprise
  Personal


Geography

  North America

    Canada
    US


  APAC

    China
    India
    Japan
    South Korea


  Europe

    Germany
    UK
    France
    Italy


  South America



  Middle East and Africa

By Application Insights

The enterprise segment is estimated to witness significant growth during the forecast period. The enterprise sector represents a significant segment of the market, driven by the adoption of specialized hardware for cryptocurrency mining. Enterprise-level mining operations, including large-scale mining farms and mid-sized businesses, utilize ASIC miners to enhance their mining capabilities and profitability. ASIC miners offer superior performance compared to general-purpose hardware like CPUs and GPUs due to their optimization for specific algorithms. This optimization results in increased efficiency and faster processing. Enterprise-level mining requires scalable solutions to manage large volumes of mining activities. ASIC miners provide this scalability, enabling expansion without substantial cost increases. These mining machines, powered by Application-Specific Integrated Circuits (ASICs), are essential for the high-performance processing required by blockchain networks using Proof of Work (PoW) consensus mechanisms.

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The enterprise segment was valued at USD 197.90 million in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market in North America is experiencing significant growth due to the region's early adoption of blockchain technology and cryptocurrencies, particularly In the US and Canada. The demand for ASIC miners, specifically GPU-based solutions, is high in this region as both large-scale mining operations and hobbyists utilize them for mining Bitcoin, Bitcoin Cash, Ethereum, Ripple, Litecoin, Dashcoin, Monero, and other digital currencies. Major ASIC miner manufa

The size of the Blockchain in Telecom Industry market was valued at USD XXX Million in 2023 and is projected to reach USD XX Million by 2032, with an expected CAGR of 55.13% during the forecast period.Blockchain is a decentralized and open digital ledger technology, which transforms many sectors of business beyond telecommunication. Hence, the extent of improvement of security, efficiency, and trust with the application of blockchain in the telecom sector is extensive.Telecom operators can ensure customer information and network traffic through the immutable and transparent nature of blockchain. Smart contracts in the form of self-executing contracts wherein the terms of the agreement are directly written into code can be utilized for automating processes such as billing, roaming, and device provisioning. Operational costs would come down to a great extent, and efficiency would improve.This allows for safe and transparent management of the IoT. A blockchain allows telecom operators to have valid and well-recorded identities and usage data, maintenance records of the devices. It can ensure that there is no form of adulteration for the integrity and authenticity of the IoT devices from the source. This ensures that safe and efficient mobile payments will be done on the wallets directly without passing through middlemen.As the telecom industry continues to advance, blockchain technology would solve many of its problems starting from security and privacy through interoperability. Telecom operators embrace blockchain to unlock new opportunities and serve their customers with innovative services. Recent developments include: November 2022 - In collaboration with TSPs, Trai intended to bring new blockchain tech to curb spam calls and messages. It is working on various technologies to detect spam calls and messages using blockchain technology. Along with this, the regulator is taking action to form a joint committee of regulators (JCOR) consisting of the Telecom Regulatory Authority of India (Trai), Reserve Bank of India (RBI), Securities & Exchanges Board of India (SEBI), and the ministry of consumer affairs (MoCA)., February 2022 - Global Telecom, an innovator in wireless technology engineering at the intersection of hardware and the network, declared the release of its MERCURY series of tri-connectivity modules, the first custom-designed modules allowing connectivity to satellite, cellular and private networks, plus Wi-Fi and Bluetooth. Global Telecom's MERCURY series are the first modules to enable connectivity to all three wireless networks, plus Wi-Fi and Bluetooth. It has about 100% custom-designed modules that feature patented, hostless, driverless tech with an added layer of blockchain security.. Key drivers for this market are: Focus on Telecom Fraud Detection and Prevention is Driving the Market Growth. Potential restraints include: Lack of Industry Standards. Notable trends are: Smart Contract to Dominate the Market.

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Stock Video Market Size 2025-2029

The stock video market size is forecast to increase by USD 369.6 million, at a CAGR of 7.7% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing demand for visual content in various sectors. The benefits of using stock videos for content creation are numerous, including cost savings, time efficiency, and access to high-quality visuals. A key trend in this market is the integration of advanced technologies such as artificial intelligence (AI) and machine learning (ML) to enhance the publishing process. These technologies enable automatic tagging, metadata generation, and content recommendation, improving the overall user experience. Additionally, the implementation of blockchain technology in stock video platforms ensures secure and transparent transactions. However, the high cost of stock videos remains a challenge for some businesses, particularly smaller ones. Despite this, the market is expected to continue growing, fueled by the increasing importance of visual content in digital marketing and communication strategies.

What will be the Size of the Stock Video Market During the Forecast Period?

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The market encompasses the production and distribution of visual content, including videos, for use in various applications such as social media, websites, streaming services, online advertising, and content creation on individual platforms. This market has experienced significant growth due to the increasing demand for high-quality, diverse visual content across multiple industries. Stock videos are utilized extensively in online advertising, marketing and advertising, promotional work, creative endeavors, publishing, blogs, and design projects.
Technological developments, such as advancements in animation production and the integration of blockchain technology for secure copyright and licensing, continue to shape the market. Stock video agencies offer a wide range of content, from healthcare and medical to social issues, ensuring that businesses and creators have access to visually engaging and relevant content for their projects. The market's size and direction reflect the increasing importance of visual content in today's digital landscape. Stock videos are an essential tool for enhancing the user experience and effectively communicating messages in various contexts.

How is this Stock Video Industry segmented and which is the largest segment?

The stock video industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Editorial
  Commercial


Image Source

  Macrostock
  Microstock


License Model

  RM
  RF


Type

  Subscription
  Pay per download
  Enterprise licensing


Distribution Channel

  Stock video platforms
  Social media and creator platforms
  Direct sales and agencies
  Cloud-based video libraries


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  APAC

    India
    Japan
    South Korea


  Middle East and Africa



  South America

    Brazil

By Application Insights

The editorial segment is estimated to witness significant growth during the forecast period.

Stock videos have become an essential component in various commercial applications, including advertising campaigns, television and film productions, branding and promotional videos, social media content, and website introductions. The legal requirement for model releases for individuals depicted In the videos ensures authenticity and compliance with copyright laws. The escalating investment in advertising and digital marketing sectors drives the demand for stock videos. These videos cater to diverse industries, such as healthcare and medical, animation production, and social issues, among others. Technological advancements in video production and online platforms facilitate the easy accessibility and customization options for individual creators and stock video agencies.

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The editorial segment was valued at USD 341.00 million in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 59% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional market trends and analysis and drivers that shape the market during the forecast period.

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The North American market dominates the global stock video industry due to its extensive collection of high-quality stock footage. Major stock video p

The price of the native coin from BNB Chain (formerly BSC) grew by 50 percent in late 2021 but was much lower in 2022. In March 25, 2025, for example, a single BNB coin was worth more than 629.94 U.S. dollars - a value that very different to the all-time high of 600 U.S. dollars in November 2021. Regardless, Binance Coin ranked in the top 10 most expensive cryptocurrencies in 2022. Noticeable is that the price increase of BNB in November 2021 coincides with a similar price change for Ethereum (ETH) - a cryptocurrency where BNB initially originated in 2017 before coming on its own years later.BNB's history: From reward token in 2017 to an ecosystem after 2019As the name suggests, Binance Coin or BNB originally started as an extension of the Binance.com trading platform - the most used cryptocurrency exchange in the world. It initially functioned on the Ethereum blockchain network as an ERC-20 token, offering incentives to owners like reduced trading fees, affiliate rewards, or a lottery ticket system ('Launchpad') that let users invest in new, Binance-selected crypto projects. In 2019, however, BNB moved away from the Ethereum network and migrated to Binance's self-developed blockchain: Binance Smart Chain or BSC (called BNB Chain since February 2022). Here, BNB started to support a chain that initially did not focus on hosting decentralized apps but focused on high transaction speed and being able to handle large amounts of traffic.DeFi and GameFi: the main segments for BNBBSC, however, made significant strides in 2021 partly due to traffic overload and high gas prices on Ethereum as well as the growing interest in both Decentralized Finance (DeFI) and NFTs. Much like Cardano, Solana, and Terra, Binance Smart Chain consequently became a valid alternative to Ethereum: The total value locked (TVL) of BNBs blockchain within DeFi, for example, ranked only behind that of Terra and Ethereum in early 2022. Another area where Binance's blockchain and token play a significant role is that of GameFi - or 'play-to-earn' blockchain games that are powered by cryptocurrencies. Some of the more well-known and most popular NFT games like Alien Worlds and Axie Infinity run on the blockchain behind BNB.

MetaMask - a wallet often used in the DeFi ecosystem - got three times more users from the United States than it got from India. This is not that surprising seeing the crypto storage solution is headquartered in Brooklyn, New York. Nevertheless, the user base from other countries elsewhere in the world was relatively high. MetaMask at first glance might not seem associated with Decentralized Finance or DeFi - online financial services that can involve the use of cryptocurrencies and are outside of a national authority - as it is a crypto wallet for the Ethereum blockchain and not a direct DeFi service. MetaMask, for example, does not allow for money lending. However, the share of Ethereum in the overall market size of DeFi is significant. Combine this with MetaMask essentially serving as a gateway to anything that happens within that specific blockchain, and the wallet is an important piece to the DeFi puzzle.

In 2023, the spending in the information technology sector across India was above 112.55 billion U.S. dollars. It was projected that in 2024, the IT spending of India would reach more than 124.6 billion dollars. The IT-BPM industry contributed about 7.5 percent to the GDP of the nation. The industry also generated a revenue close to 227 billion dollars in financial year 2022. Communication services and the devices have been the dominant segments of the IT industry. The IT and ITeS firms of the country have set up over a thousand global delivery centers in about 80 countries globally. IT-BPM at a glanceThe industry has generated maximum employment in the private sector. It also made the country, the leading offshoring destination for global IT companies. Major IT firms in the country like Infosys, Wipro, TCS and Tech Mahindra have diversified options available in blockchain, artificial intelligence, robotics, financial services, cloud computing and much more. Banking and financial services had the largest share of annual contract value in the industry. Recent trendsPublic cloud services have picked up a lot of attention in the recent years in the country. The market for cloud services was value at over six billion dollars in 2022. Artificial intelligence (AI) has also attracted a lot of attentions. In 2022, the investment in AI has reached 3.24 billion dollars in the country. Emerging technologies in the sector could provide the nation with an opportunity to surf for a big growth, both in onshore as well as offshore services revenues.