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Cryptocurrency Market to Grow by USD 39.75 Billion (2025-2029), Rising Investment in Digital Assets to Boost Revenue, Report on AI Driving Market Transformation – Technavio

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NEW YORK, Jan. 30, 2025 /PRNewswire/ — Report with market evolution powered by AI – The global cryptocurrency market  size is estimated to grow by USD 39.75 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  16.7%  during the forecast period. Rising investment in digital assets is driving market growth, with a trend towards acceptance of cryptocurrency by retailers. However, volatility in value of cryptocurrency  poses a challenge. Key market players include AlphaPoint Corp., Binance Holdings Ltd., Bit2Me, Bitfury Group Ltd., Cardano, CEX.IO Corp., Coinbase Global Inc., DOGECOIN, FMR LLC, Gemini Trust Co. LLC, KuCoin, Ledger SAS, Marathon Digital Holdings, Pantera Capital, PT Pintu Kemana Saja, Riot Platforms Inc., Ripple Labs Inc., Shiba Inu, Valora Inc., WazirX, and Xapo Bank Ltd..

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Forecast period

2025-2029

Base Year

2024

Historic Data

2019 – 2023

Segment Covered

Type (Bitcoin, Ethereum, and Others), Component (Hardware and Software), Geography (North America, Europe, APAC, South America, and Middle East and Africa).

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

AlphaPoint Corp., Binance Holdings Ltd., Bit2Me, Bitfury Group Ltd., Cardano, CEX.IO Corp., Coinbase Global Inc., DOGECOIN, FMR LLC, Gemini Trust Co. LLC, KuCoin, Ledger SAS, Marathon Digital Holdings, Pantera Capital, PT Pintu Kemana Saja, Riot Platforms Inc., Ripple Labs Inc., Shiba Inu, Valora Inc., WazirX, and Xapo Bank Ltd.

Key Market Trends Fueling Growth

Cryptocurrencies, like Bitcoin and Ethereum, are digital currencies based on decentralized technology called Blockchain. This technology enables secure, transparent transactions without the need for intermediaries. Global adoption of cryptocurrencies is on the rise, with Ethereum leading the charge as a popular platform for decentralized applications. However, price volatility remains a concern, along with cybersecurity risks and theft. Regulatory outlooks vary, with some countries embracing the digital revolution and others cautious. Energy consumption and environmental effects are also topics of debate. Skilled developers are in high demand for financial services and cryptocurrency projects. Consumer protection and financial stability are key concerns, with scams and fraudulent investments a risk. Renewable energy and blockchain talent are driving innovation. Cryptography and encryption ensure secure transactions, while decentralized systems offer transparency through public ledgers. Altcoins, mining, digital wallets, and trading are part of the cryptocurrency landscape. Brokers, cryptocurrency exchanges, and payment methods like ACH transfers and wire transfers facilitate transactions. Fiat currency, Bitcoin trusts, mutual funds, and stocks offer investment opportunities. Cryptocurrencies are used in e-commerce, luxury goods, insurance payments, and more. Security is paramount, with hot and cold wallets providing different levels of protection. Be wary of crypto scams, fraud, and romance scams. 

The adoption of cryptocurrencies like Bitcoin and Ether has gained traction among the public, businesses, and merchants for everyday transactions. In 2022, the usage of cryptocurrencies by major retailers, such as Starbucks, enhanced public acceptance and trust. Previously, cryptocurrencies were utilized for purchasing cars and ordering food and groceries. Companies like Starbucks currently accept cryptocurrency payments through third-party exchanges, such as iPayYou, which convert cryptocurrencies to cash. Starbucks Corporation (Starbucks) may consider accepting direct cryptocurrency payments in the future. In April 2022, Starbucks introduced Non-Fungible Tokens (NFTs) and cryptocurrencies as payment methods in their stores. 

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Market Challenges

Cryptocurrency markets present significant opportunities for businesses and individuals in the digital revolution. However, they come with challenges. Decentralized currencies like Bitcoin and Ethereum face price volatility, cybersecurity risks, and theft. Regulatory outlooks vary globally, impacting adoption. Energy consumption and environmental effects are concerns. Skilled developers are in high demand for blockchain technology and cryptography. Financial services seek to integrate digital assets into their offerings, but consumer protection and financial stability are crucial. Digital wallets and trading platforms require security. Price volatility and scams, including romance scams and fraudulent investments, pose risks. Renewable energy and blockchain talent offer solutions. Businesses must navigate this complex landscape carefully, considering investment vehicles like Bitcoin trusts and mutual funds, and the role of cryptocurrency in e-commerce, luxury goods, insurance payments, and more.Cryptocurrencies, such as Bitcoin, exhibit extreme volatility due to the large amount controlled by a small group of investors who frequently trade on platforms and exchanges. In June 2022, Bitcoin experienced a significant 10% decrease in value, dropping from its November 2021 high of USD69,000 per token. This decline was influenced by the Indian government’s announcement to ban cryptocurrencies and introduce their own digital currency. Low-risk investors generally avoid including cryptocurrencies in their portfolios due to this unpredictable market behavior.

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Segment Overview 

This cryptocurrency market report extensively covers market segmentation by

Type 1.1 Bitcoin1.2 Ethereum1.3 OthersComponent 2.1 Hardware2.2 SoftwareGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Bitcoin–  Bitcoin, the world’s leading digital currency, boasts a market capitalization of over USD470 billion, making it the largest cryptocurrency by far. With 95% recognition among interested parties, Bitcoin operates as a decentralized, peer-to-peer (P2P) digital currency, bypassing the need for central authorities. Four other top cryptocurrencies, Tether, USD Coin, Binance USD, and DAI, are pegged to the US dollar. In the US, approximately 8% of the population engages in cryptocurrency trading. Bitcoin‘s popularity fuels the expansion of the global cryptocurrency market, as all transactions are recorded on a secure, decentralized public ledger called the blockchain.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2025-2029) and historic data (2019 – 2023) 

Research Analysis

Cryptocurrencies, based on blockchain technology, represent a decentralized form of digital currency that operates outside of traditional financial institutions. Ethereum, one of the leading platforms, enables the creation of decentralized applications. Global adoption of cryptocurrencies is growing, but price volatility remains a significant challenge. Cybersecurity and theft risk are concerns, with regulatory outlooks varying worldwide. Energy consumption is a topic of debate, with some arguing that renewable energy sources can mitigate environmental effects. Skilled developers are in high demand for creating and maintaining these systems, and financial services are increasingly integrating cryptocurrencies. The digital revolution brings opportunities for consumer protection and financial stability, but also risks of scams and fraudulent investments. Transactions are recorded on a public ledger, ensuring transparency, while cryptography and a decentralized system provide security. Bitcoin, Ethereum, Litecoin, Ripple, and altcoins are the most well-known cryptocurrencies.

Market Research Overview

The cryptocurrency market is a decentralized economy fueled by blockchain technology, where digital currency transactions are recorded on a public ledger. Ethereum, the second-largest cryptocurrency, powers smart contracts and decentralized applications. Global adoption of cryptocurrencies is on the rise, but price volatility remains a concern. Cybersecurity and theft risk are significant challenges, with regulatory outlooks varying worldwide. Energy consumption and environmental effects are also topics of debate. Skilled developers are in high demand to build the next generation of financial services and digital assets. Consumer protection and financial stability are crucial as cryptocurrencies become more mainstream. Blockchain technology offers encryption, decentralized systems, and secure transactions, but scams, fraudulent investments, and thefts persist. Renewable energy and blockchain talent are key to reducing the environmental impact of cryptocurrency mining. Trading, brokers, and cryptocurrency exchanges provide various payment methods, including fiat currency transfers and digital wallets. Cryptocurrencies are used for e-commerce, luxury goods, insurance payments, and even as investments through trusts, mutual funds, and stocks. However, the market is riddled with scams, fraud, and romance scams, making it essential to exercise caution.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeBitcoinEthereumOthersComponentHardwareSoftwareGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Strategic LiDAR Customer Initiates Production Orders with Sivers Semiconductors

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Shipments will begin in Q4 2026 against rolling production orders as the automotive and industrial sensing programs move into production phase in 2027

KISTA, Sweden, Oct. 20, 2026 /PRNewswire/ — Sivers Semiconductors AB (STO: SIVE), a global leader in photonics and wireless technologies, today announced that its strategic LiDAR customer has initiated production orders for its automotive and industrial sensing customers.

Sivers will supply the continuous-wave distributed feedback (CW DFB) lasers and optical amplifiers powering the customer’s LiDAR platforms, positioning the company to support growing demand as production scales.

“We are pleased to see this strategic program advance from design-win to production, with our customer placing first production orders,” said Alex McCann, Managing Director of Sivers Semiconductors’ photonics business. “This key milestone reflects confidence in our technology, our production facility and its reliability to meet the customer’s requirements for volume production. As the program scales, we expect rolling production orders placed to lead times, in line with our customer’s multi-year production forecasts.”

As announced in March 2026, the program represents a significant long-term opportunity, with estimated cumulative revenue potential of USD 53 million to USD 138 million over the customer’s product lifecycle. The opportunity comes amid strong growth in automotive LiDAR, with Yole Group projecting the global market to expand from USD 861 million in 2024 to USD 3.8 billion by 2030, representing a compound annual growth rate of 28 percent. Beyond automotive applications, LiDAR is gaining traction in industrial markets, including robotics and autonomous machinery.

For more information, please visit https://www.sivers-semiconductors.com/. 

About Sivers Semiconductors

We are Critical Enablers of a Greener Data Economy with Energy Efficient Photonics & Wireless Solutions. Our differentiated high-precision laser and RF beamformer technologies help our customers in key markets such as AI Data Centers, SATCOM, Defense, and Telecom solve essential performance challenges while enabling a much greener footprint. Visit us at: www.sivers-semiconductors.com.

Forward-looking statements

This press release contains forward-looking statements, including statements regarding expected orders, the timing and scale of the customer’s production ramp, deliveries, market development and revenue potential. Such statements are based on current expectations and are subject to risks and uncertainties, including the customer’s production plans, end-market demand and Sivers’ manufacturing capacity, which could cause actual results to differ materially. Sivers undertakes no obligation to update any forward-looking statements, except as required by applicable law.

Media Contact
Tyler Weiland 
Shelton Group
+1-972-571-7834
tweiland@sheltongroup.com

Company Contact
Heine Thorsgaard
CFO 
ir@sivers-semiconductors.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/sivers-semiconductors/r/strategic-lidar-customer-initiates-production-orders-with-sivers-semiconductors,c4411825

 

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Segway Powersports Returns to EICMA for Fifth Year with Model Year 2027 Lineup and New Off-Road Innovations

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MILAN, Oct. 20, 2026 /PRNewswire/ — Segway Powersports is heading back to EICMA for fifth appearance, with new off-road innovations that reflect its “Fear No Place” philosophy. On November 3, the brand will unveil its Model Year 2027 (MY2027) lineup at a product launch in Milan. From upgraded ATVs to the debut of its new flagship two-row UTV and next-generation of iFUN system connected technology, the preview promises exciting developments in design, performance and the riding experience.

Segway Powersports will occupy approximately 880 square meters at EICMA 2026, setting the stage for its upcoming product launch:

Location: Hall 14, Booth I06Launch Date & Time: November 3 at 3:30 p.m. (Milan local time)

For Segway Powersports, off-road riding has always been about more than reaching a destination. It’s about taking on unfamiliar terrain with confidence and discovering new possibilities along the way. As Segway’s professional-grade, high-performance powersports line for global markets, the brand is built around the qualities riders depend on when conditions get tough: strong performance, reliable durability and confident handling.

Expertise, the pursuit of excellence and a spirit of exploration are at the heart of Segway Powersports. Together, these values shape the brand’s “Fear No Place” philosophy and its drive to push riding capabilities further. EICMA offers another opportunity to bring that philosophy into sharper focus and strengthen the brand’s identity in the global powersports market.

Beyond performance, Segway Powersports is forging a distinct visual identity anchored by Rider Red——its signature color-paired with the dedicated Segway Powersports logo. Consistently applied across vehicle designs and brand materials, the color creates a bold, instantly recognizable brand presence.

At this year’s EICMA, the MY2027 lineup will take center stage. Fresh designs, stronger performance and a more engaging riding experience are the key upgrades to look forward to.  Meanwhile, the new flagship two-row UTV will make its Milan debut with an all-weather cabin comfort concept.

Smart connectivity will be another highlight. The next-generation connect system iFUN will make interactions between riders and their vehicles smarter and more intuitive.

With the upcoming launch, Segway Powersports aims to offer a more complete off-road lineup for a wider range of terrains and riding needs. From trail adventures and outings with companions to practical tasks, the expanded range gives riders more ways to make the most of every journey.

The Segway Powersports booth will also feature a special highlight: a race-prepared vehicle that claimed second place in the SSV class at the 2026 European Bajas Championship. Visitors can get a closer look at the race vehicle and a taste of competitive off-road racing.

Media, dealers, partners and consumers are invited to follow the Segway Powersports product launch on November 3 at 3:30 p.m. (Milan local time) in Hall 14, Booth I06 and discover what’s next for Segway Powersports.

About Segway Powersports

Segway Powersports is Segway’s professional-grade, high-performance powersports line for global markets. Guided by expertise, the pursuit of excellence and a spirit of exploration, the brand develops off-road vehicles that combine powerful performance, strong torque, reliable durability and responsive handling. Built for diverse and demanding terrain, its vehicles give riders the confidence to take on new challenges, reflecting the brand’s “Fear No Place” philosophy.

Contact: media@powersports.segway.com 

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ShaMaran Announces Investment in Iraq and Contemplated Bond Issuance

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HAMILTON, Bermuda, Oct. 20, 2026 /PRNewswire/ — ShaMaran Petroleum Ltd. (“ShaMaran” or the “Company”) (Euronext Growth Oslo: SNM) (Nasdaq First North Stockholm: SNM) announces the expansion of the Company’s strategic collaboration with HKN Energy (“HKN”) into Federal Iraq. Building on their joint ventures across the Atrush and Sarsang oil fields in the Kurdistan Region of Iraq, HKN and ShaMaran are extending their cooperation into Federal Iraq through the Hamrin oil development and production contract (“DPC”). PDF Version 

As part of this expansion, ShaMaran will have a 25% shareholding in HKN Hamrin Ltd. (the “Hamrin JV”), the joint venture company holding 100% of the Hamrin DPC. HKN, as the operator of the field, will leverage its operational expertise and established relationship with ShaMaran to advance a major long-term development program.

The Hamrin field is a large discovered and producing oil field previously operated by North Oil Company, an Iraqi state-owned oil company. HKN and ShaMaran will further develop the field with the aim of increasing production above the current 20 Mbopd to maximize recovery over the 25-year term of the DPC. The operator’s and management’s current estimate of remaining gross reserves and resources is in the range of 500 million to one billion barrels. The initial phase of development will target lifting field production to approximately 60 Mbopd by 2028. Further phases of development could target more than doubling those initial production levels, with currently estimated capex for later phases in the range of $2-3 per incremental barrel.

Garrett Soden, Chief Executive Officer of ShaMaran, commented, “The Hamrin investment is a natural extension of our cooperation with HKN, the operator of our two existing assets in the Kurdistan Region of Iraq. The Hamrin field in Federal Iraq is complementary to our existing Kurdistan production and reserves profile, and we expect material synergies from having the same team operate all three assets. Together with HKN, we are committed to increasing Hamrin production to create significant value for Iraq and our shareholders.”

The Hamrin JV farm-in consideration comprises a $35 million carry by ShaMaran of HKN’s share of initial costs in the Hamrin co-venture, with a further $15 million payable out of future cash flow once ShaMaran has recovered its initial investment and carry in full.

Financing – Contemplated Bond Issuance

Elvis Pellumbi, Chief Financial Officer of ShaMaran, commented, “On the back of the attractive Hamrin investment, we are looking to raise a new bond to better reflect the improved credit profile of our expanded asset portfolio, fund Hamrin growth capex and reduce interest costs. We see increased near-term cash flow from our existing assets due to the tri-party export agreement coupled with an enhanced long-term outlook from the addition of future Hamrin cash flows.”

ShaMaran has mandated Pareto Securities AS to be sole bookrunner and manager for a contemplated bond of up to $200 million in order to refinance its existing 2029 bond (ISIN NO0011057622) that has approximately $144 million currently outstanding. The proceeds from the new bond will be used to fund ShaMaran’s share of the Hamrin investment and for general corporate purposes. The Company will host fixed income investor meetings, and a bond issuance may follow subject to market conditions and acceptable terms. It is the Company’s intention to exercise the applicable call option in the existing bond upon successful issuance of the contemplated new bond.

ShaMaran to combine with Gulf Keystone Petroleum Ltd. (“Gulf Keystone”)

ShaMaran and Gulf Keystone today announced that they have signed a merger agreement and a combination agreement to combine their businesses and create a platform for growth in the Kurdistan Region of Iraq and Federal Iraq (the “Transaction”). A copy of the press release can be found at www.shamaranpetroleum.com.

About ShaMaran Petroleum Ltd.

ShaMaran is an independent oil and gas company with non-operated stakes in three fields in Iraq. The Company indirectly holds a 50% working interest in the Atrush Block and an 18% working interest in the Sarsang Block, both in the Kurdistan Region of Iraq. The Company will also hold a 25% interest in the Hamrin JV, which holds the Hamrin DPC in Federal Iraq. The Company is listed in Oslo on Euronext Growth and in Stockholm on Nasdaq First North (ticker “SNM”). ShaMaran is part of the Lundin Group of Companies.

Elvis Pellumbi, CFO, +41 22 560 8600, info@shamaranpetroleum.com, www.shamaranpetroleum.com

This information is information that ShaMaran Petroleum Ltd. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the contact person set out above, at 8:00 CET on October 20, 2026.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

The Company’s certified advisor on Nasdaq First North Growth Market is FNCA Sweden AB.

Forward-Looking Statements

Matters discussed in this announcement may constitute forward-looking statements. The use of any of the words “will”, “expected”, “planned” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current belief or assumptions as to the outcome and timing of certain future events. Certain information set forth in this news release contains forward-looking statements.

 

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