Global Cryptojacking Solution Market: Introduction
Cryptojacking is a method that enables the unauthorized access of someone else’s devices. Cryptojacking solution prevents cryptojacking from being downloaded and spreading throughout the network. There are multiple ways of Cryptojacking; one way is by using malicious emails having a link or an attachment that installs crypto mining code on a victim’s computer.
Global Cryptojacking Solution Market – Dynamics
Rising Adoption of Cryptocurrency Driving Cryptojacking Solution Market
Adoption and trade of cryptocurrency across the globe is increasing at an exponential rate. Bitcoin was the first cryptocurrency that was created in year 2009. By the end of 2019, approximately 2,995 different types of cryptocurrency are known to exist. The growth median of Bitcoin between 2010 and 2020 was approximately 181.78% annually. Risk of cyber-attack has also increased, which has fueled the adoption of cryptojacking for cyber theft. Consequently, the adoption of cryptojacking solution has increased across the globe to mitigate the risk of cyber-attack and theft.
Lack of Awareness about Crypto Solution Hampering Cloud-enabled Technologies
The lack of awareness about cyber safety is also very high. Knowledge about crypto jacking solutions is comparatively low among some countries of North America and Europe. Level of awareness and global regulation on crypto currency is hampering the market.
North America to Dominate Global Cryptojacking Solution Market
In terms of region, the global cryptojacking solution market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the cryptojacking solution market, as the adoption, trade, and security awareness about crypto currency in the U.S. is comparatively high as compared to that in other regions.
COVID-19 Impact on Global Cryptojacking Solution Market
The COVID-19 pandemic is expected to moderately impact the financial markets across the globe. According to CoinMarketCap, during the pandemic, the total market value of digital currency fell from US$ 308 billion in February to less than US$ 118 billion by March, 2020. According to CipherTrace, a Crypto intelligence company, losses due to cryptocurrency thefts, hacks, and frauds soared to nearly $1.4 billion from the beginning of 2020.
Global Cryptojacking Solution Market – Competition Landscape
- In June 2020, Intel and BlackBerry entered into a partnership to Stop Cryptojacking Malware. BlackBerry Optics Context Analysis Engine (CAE) leverages unique CPU telemetry from Intel Threat Detection Technology (Intel TDT) to provide enterprises and SMBs unparalleled detection of cryptojacking attempts.
Global Cryptojacking Solution Market: Segmentation
The global cryptojacking solution market can be segmented based on:
- Enterprise Size
Global Cryptojacking Solution Market, by Component
Based on component, the global cryptojacking solution market can be divided into:
Global Cryptojacking Solution Market, by Enterprise Size
In terms of enterprise size, the global cryptojacking solution market can be segregated into:
- Small & Medium Enterprise
- Large Enterprise
Global Cryptojacking Solution Market, by Application
In terms of application, the global cryptojacking solution market can be split into:
- IT & Telecom
- Logistics & Transportation
Regional analysis of the global cryptojacking solution market includes:
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
- Threat Detection Technology
- Cryptocurrency Mining
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.