DUBLIN–(BUSINESS WIRE)–“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 Forecasts, 2022-2030” report added to ResearchAndMarkets.com’s Offering.
The global bitcoin market size is expected to reach USD 132.91 billion by 2030, growing at a CAGR of 26.2% from 2022 to 2030, according to this study.
Companies mentioned
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Blockstream Corporation Inc.
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Coinbase Inc.
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Coinfy ApS
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Unocoin Technologies Pvt Limited.
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Bitstamp Ltd.
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itBit Trust Company LLC
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Blockchain Luxembourg SA
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Kraken (Payward Inc.)
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BitPay Inc.
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Plutus Financial Inc. (ABRA)
The growing acceptance of cryptocurrencies globally, due to the many benefits associated with them, such as decentralization and ease of exchange, is expected to drive the bitcoin market over the forecast period. In addition, the payment service providers’ considerable emphasis on delivering better payment solutions promotes the industry’s expansion.
Market players are investing in new and innovative product development to establish the Bitcoin market. For example, in June 2022, Proshares, an issuer of Exchange-Traded Funds (ETFs), introduced the first ever short Bitcoin-linked ETF. It is specifically designed to help investors profit from 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 2022, Coinbase planned to expand its footprint in European markets, which is in line with its 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 outbreak led to a financial crisis, which resulted in currency devaluation. On the other hand, an increase in Bitcoin trading volume was observed during the significant currency devaluation. In times of crisis, citizens shift to safe assets and Bitcoin trading picks up.
Bitcoin Market Report Highlights
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The stock market segment is expected to dominate over the forecast period due to the large volumes traded on the stock exchanges every day and the growing popularity of bitcoin as an alternative investment option
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The BFSI segment is expected to dominate the market during the forecast period. The rapid adoption of cryptocurrencies among financial institutions due to the unique opportunities offered by the revolution in payment services is expected to drive growth
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The Asia Pacific regional market is expected to witness the fastest CAGR over the forecast period. The increasing prevalence of crypto-based startups and decentralized finance (Defi) projects in countries such as Singapore and the Philippines is expected to boost regional growth
Key topics covered:
Chapter 1 Methodology and scope
Chapter 2 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 Bitcoin’s pioneering status
3.4.2 Market challenge analysis
3.4.2.1 Regulatory Concerns
3.5 Mapping penetration and growth prospects
3.6 The Bitcoin Market – Porter’s Five Forces Analysis
3.7 Bitocin Market – PESTEL Analysis
Chapter 4 Investment landscape analysis
4.1 Investor strategies
4.2 Investor vision and target analysis
4.3 Funding collected in voice assistant units
4.4 Investments made in self-checkout stores
Chapter 5 Bitcoin Application Outlook
Chapter 6 Bitcoin End-use Outlook
Chapter 7 Bitcoin Regional Outlook
Chapter 8 Competitive analysis
8.1 Recent developments and impact analysis, by key market participants
8.2 Company categorization
8.3 Supplier landscape
8.3.1 Key Company Market Share Analysis, 2021
8.4 Company analysis tool
8.4.1 The company’s market position analysis
8.4.2 Competitive Dashboard Analysis
Chapter 9 Competitive landscape
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