Dublin, Sept. 19, 2022 (GLOBE NEWSWIRE) — “Bitcoin Market Size, Share & Trend Analysis Report by Application (Exchanges, Remittance Services, Payment & Wallet), by End-use (BFSI, E-commerce, Media & Entertainment) , by Region and Segment Forecasts, 2022-2030” report has been added 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.
The increasing 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
- The exchange segment is expected to dominate over the forecast period due to the large volumes traded on the exchanges every day and the growing popularity of bitcoin as an alternative investment option
- 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
- 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
5.1 Bitcoin market share by application, 2021
5.2 Exchanges
5.2.1 Exchange bitcoin market, 2017 – 2030
5.3 Remittance services
5.3.1 Remittance services bitcoin market, 2017 – 2030
5.4 Payment and wallet
5.4.1 Bitcoin Payment and Wallet Market, 2017-2030
Chapter 6 Bitcoin End-use Outlook
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 market in e-commerce, 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 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
9.1 Blockstream Corporation Inc.
9.1.1 Company overview
9.1.2 Financial results
9.1.3 Product Benchmarking
9.1.4 Strategic initiatives
9.2 Coinbase Inc.
9.2.1 Company overview
9.2.2 Financial results
9.2.3 Product Benchmarking
9.2.4 Strategic initiatives
9.3 Coinfy 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 results
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 results
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 results
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 results
9.10.3 Product Benchmarking
9.10.4 Strategic initiatives
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