DUBLIN, September 28, 2022 /PRNewswire/ — The “Bitcoin Market Size, Share, and Trend Analysis Report by Application (Exchanges, Remittance Services, Payment, and Wallet), By End Use (BFSI, E-Commerce, media and entertainment), by region and segment Forecast, 2022-2030” report has been added to from ResearchAndMarkets.com offer.
The Global Bitcoin Market Size is Expected to Reach $132.91 billion by 2030, growing at a CAGR of 26.2% from 2022 to 2030, according to this study conducted.
The growing acceptance of cryptocurrencies around the world due to the many advantages associated with them such as decentralization and ease of exchange is expected to boost the bitcoin market during the forecast period. Moreover, the focus of payment service providers on providing better payment solutions is driving the expansion of the industry.
Market players are investing in the development of new and innovative products to establish the Bitcoin market. For example, in June 2022, Proshares, an exchange-traded fund (ETF) issuer, has launched the first-ever Bitcoin-linked short ETF. It is specifically designed to help investors take advantage of cryptocurrency price declines.
Several crypto exchanges are expanding their operational reach to seize the opportunity to capture the growing Bitcoin and cryptocurrency market. For example, in March 2022Coinbase planned to expand its footprint in European markets, which is in line with the two-pronged growth strategy.
In 2020, the COVID-19 pandemic led to the global economic crisis, which significantly contributed to the growth of the bitcoin market. The epidemic led to a financial crisis, which led to a devaluation of the currency. On the other hand, a peak in the trading volume of Bitcoin was observed during the significant devaluation of the currency. In times of crisis, residents turn to safe assets and Bitcoin trading resumes.
Bitcoin Market Report Highlights
- The exchange segment is expected to dominate over the forecast period owing to the large volumes traded daily on the exchanges and the growing popularity of bitcoin as an alternative investment option.
- BFSI segment is expected to dominate the market over the forecast period. Rapid adoption of cryptocurrencies by financial institutions due to unique opportunities such as the payment services revolution is expected to drive growth
- The Asia Pacific The regional market is expected to witness the fastest CAGR during the forecast period. The increasing prevalence of crypto-based startups and decentralized finance (Defi) projects in countries such as Singapore and The Philippines expected to drive regional growth
Main topics covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Bitcoin Industry Outlook
3.1 Market Segmentation and Scope
3.2 Market Size and Growth Prospects
3.3 Bitcoin – Value Chain Analysis
3.4 Bitcoin Market – Market Dynamics
3.4.1 Market Driver Analysis
3.4.1.1 Use of Bitcoin as a medium of exchange
3.4.1.2 The pioneer status of Bitcoin
3.4.2 Market Challenges Analysis
3.4.2.1 Regulatory concerns
3.5 Mapping Penetration and Growth Prospects
3.6 Bitcoin Market – Porter’s Five Forces Analysis
3.7 Bitocin Market – PESTEL Analysis
Chapter 4 Investment Landscape Analysis
4.1 Investor strategies
4.2 Analysis of investors’ vision and objectives
4.3 Funding raised in voice assist devices
4.4 Investments made in self-service stores
Chapter 5 Bitcoin Application Outlook
5.1 Bitcoin Market Share by Application, 2021
5.2 Exchanges
5.2.1 Bitcoin Exchange Market, 2017 – 2030
5.3 Remittance Services
5.3.1 Bitcoin Remittance Services Market, 2017 – 2030
5.4 Payment and Wallet
5.4.1 Bitcoin Payment and Wallet Market, 2017-2030
Chapter 6 Bitcoin End-Use Prospects
6.1 Bitcoin market share by end use, 2021
6.2 BFSI
6.2.1 Bitcoin Market in BFSI, 2017-2030
6.3 E-commerce
6.3.1 Bitcoin E-Commerce Market, 2017-2030
6.4 Media and entertainment
6.4.1 Bitcoin Market in Media and Entertainment, 2017-2030
6.5 Others
6.5.1 Bitcoin Market in Others, 2017 – 2030
Chapter 7 Bitcoin Regional Outlook
Chapter 8 Competitive Analysis
8.1 Recent Developments and Impact Analysis, by Major Market Players
8.2 Company categorization
8.3 Supplier Landscape
8.3.1 Key Company Market Share Analysis, 2021
8.4 Business analysis tools
8.4.1 Company Market Position Analysis
8.4.2 Competitive Scorecard Analysis
Chapter 9 Competitive Landscape
9.1 Blockstream Corporation Inc.
9.1.1 Company Overview
9.1.2 Financial performance
9.1.3 Product Benchmarking
9.1.4 Strategic Initiatives
9.2 Coinbase Inc.
9.2.1 Company Overview
9.2.2 Financial performance
9.2.3 Product Benchmarking
9.2.4 Strategic initiatives
9.3 Coinify ApS
9.3.1 Company Overview
9.3.2 Financial performance
9.3.3 Product Benchmarking
9.3.4 Strategic Initiatives
9.4 Unocoin Technologies Pvt Limited.
9.4.1 Company Overview
9.4.2 Financial performance
9.4.3 Product Benchmarking
9.4.4 Strategic Initiatives
9.5 Bitstamp Ltd.
9.5.1 Company Overview
9.5.2 Financial performance
9.5.3 Product Benchmarking
9.5.4 Strategic Initiatives
9.6 itBit Trust Company LLC
9.6.1 Company Overview
9.6.2 Financial performance
9.6.3 Product Benchmarking
9.6.4 Strategic Initiatives
9.7 Blockchain Luxembourg SA
9.7.1 Company Overview
9.7.2 Financial performance
9.7.3 Product Benchmarking
9.7.4 Strategic Initiatives
9.8 Kraken (Payward Inc.)
9.8.1 Company Overview
9.8.2 Financial performance
9.8.3 Product Benchmarking
9.8.4 Strategic Initiatives
9.9 BitPay Inc.
9.9.1 Company Overview
9.9.2 Financial performance
9.9.3 Product Benchmarking
9.9.4 Strategic Initiatives
9.10 Plutus Financial Inc. (ABRA)
9.10.1 Company Overview
9.10.2 Financial performance
9.10.3 Product Benchmarking
9.10.4 Strategic Initiatives
For more information about this report visit https://www.researchandmarkets.com/r/a9bso
Media Contact:
Research and Markets
Laura Woodsenior
[email protected]
For EST office hours, call +1-917-300-0470
For USA/CAN call toll free +1-800-526-8630
For GMT office hours call +353-1-416-8900
US Fax: 646-607-1907
Fax (outside the US): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets