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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

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    Report

  • 130 Pages
  • August 2022
  • Region: Global
  • Grand View Research
  • ID: 5648992
Description Jump to:
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 conducted. The growing acceptance of cryptocurrencies globally, owing to the numerous advantages associated with them, such as decentralization and ease of exchange, is expected to drive the bitcoin market over the forecast period. Additionally, the payment service providers' significant 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 instance, 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 price dips in cryptocurrency.

Several crypto exchanges are expanding their operational reach to grab the opportunity to capture the growing market of Bitcoin and cryptocurrency. For instance, in March 2022, Coinbase 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 outbreak led to a financial crisis, which resulted in currency devaluation. On the other hand, a spike in Bitcoin trading volume was observed during the significant currency devaluation. In times of crisis, residents shift to safe assets, and the Bitcoin trade picks up.

Bitcoin Market Report Highlights

  • The exchange segment is expected to dominate over the forecast period owing 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 anticipated to dominate the market over the forecast period. The rapid adoption of cryptocurrencies among financial institutions owing to the unique opportunities such as 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 growing prevalence of crypto-based startups and decentralized finance (Defi) projects in countries such as Singapore and the Philippines is expected to boost the regional growth

Table of Contents

Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 Bitcoin Market - Industry Snapshot & Key Buying Criteria, 2017 - 2030
2.2 Global Bitcoin Market, 2017 - 2030
2.2.1 Global bitcoin market, by region, 2017 - 2030
2.2.2 Global bitcoin market, by application, 2017 - 2030
2.2.3 Global bitcoin market, by end-use, 2017 - 2030
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 Utilization 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 Penetration and Growth Prospect Mapping
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 Investor Vision & Goal Analysis
4.3 Funding Raised in Voice Assistant Devices
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 Exchanges bitcoin market, 2017 - 2030
5.3 Remittance Services
5.3.1 Remittance Services bitcoin market, 2017 - 2030
5.4 Payment & Wallet
5.4.1 Payment & Wallet bitcoin 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 & Entertainment
6.4.1 Bitcoin market in media & entertainment, 2017 - 2030
6.5 Others
6.5.1 Bitcoin market in others, 2017 - 2030
Chapter 7 Bitcoin Regional Outlook
7.1 Bitcoin Market Share By Region, 2021
7.2 North America
7.2.1 North America bitcoin market, 2017 - 2030
7.2.2 North America bitcoin market, by application, 2017 - 2030
7.2.3 North America bitcoin market, by end-use, 2017 - 2030
7.2.4 U.S.
7.2.4.1 U.S. bitcoin market, 2017 - 2030
7.2.4.2 U.S. bitcoin market, by application, 2017 - 2030
7.2.4.3 U.S. bitcoin market, by end-use, 2017 - 2030
7.2.5 Canada
7.2.5.1 Canada bitcoin market, 2017 - 2030
7.2.5.2 Canada bitcoin market, by application, 2017 - 2030
7.2.5.3 Canada bitcoin market, by end-use, 2017 - 2030
7.3 Europe
7.3.1 Europe bitcoin market, 2017 - 2030
7.3.2 Europe bitcoin market, by application, 2017 - 2030
7.3.3 Europe bitcoin market, by end-use, 2017 - 2030
7.3.4 Germany
7.3.4.1 Germany bitcoin market, 2017 - 2030
7.3.4.2 Germany bitcoin market, by application, 2017 - 2030
7.3.4.3 Germany bitcoin market, by end-use, 2017 - 2030
7.3.5 U.K.
7.3.5.1 U.K. bitcoin market, 2017 - 2030
7.3.5.2 U.K. bitcoin market, by application, 2017 - 2030
7.3.5.3 U.K. bitcoin market, by end-use, 2017 - 2030
7.4 Asia Pacific
7.4.1 Asia Pacific bitcoin market, 2017 - 2030
7.4.2 Asia Pacific bitcoin market, by application, 2017 - 2030
7.4.3 Asia Pacific bitcoin market, by end-use, 2017 - 2030
7.4.4 China
7.4.4.1 China bitcoin market, 2017 - 2030
7.4.4.2 China bitcoin market, by application, 2017 - 2030
7.4.4.3 China bitcoin market, by end-use, 2017 - 2030
7.4.5 South Korea
7.4.5.1 South Korea bitcoin market, 2017 - 2030
7.4.5.2 South Korea bitcoin market, by application, 2017 - 2030
7.4.5.3 South Korea bitcoin market, by end-use, 2017 - 2030
7.4.6 Japan
7.4.6.1 Japan bitcoin market, 2017 - 2030
7.4.6.2 Japan bitcoin market, by application, 2017 - 2030
7.4.6.3 Japan bitcoin market, by end-use, 2017 - 2030
7.5 Latin America
7.5.1 Latin America bitcoin market, 2017 - 2030
7.5.2 Latin America bitcoin market, by application, 2017 - 2030
7.5.3 Latin America bitcoin market, by end-use, 2017 - 2030
7.5.4 Brazil
7.5.4.1 Brazil bitcoin market, 2017 - 2030
7.5.4.2 Brazil bitcoin market, by application, 2017 - 2030
7.5.4.3 Brazil bitcoin market, by end-use, 2017 - 2030
7.6 MEA
7.6.1 MEA bitcoin market, 2017 - 2030
7.6.2 MEA bitcoin market, by application, 2017 - 2030
7.6.3 MEA bitcoin market, by end-use, 2017 - 2030
Chapter 8 Competitive Analysis
8.1 Recent Developments & Impact Analysis, By Key Market Participants
8.2 Company Categorization
8.3 Vendor Landscape
8.3.1 Key company market share analysis, 2021
8.4 Company Analysis Tools
8.4.1 Company 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 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 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 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
List of Tables
Table 1 Bitcoin market - Industry snapshot & key buying criteria, 2017 - 2030
Table 2 Global bitcoin market, 2017 - 2030 (USD Million)
Table 3 Global bitcoin market, by region, 2017 - 2030 (USD Million)
Table 4 Global bitcoin market, by application, 2017 - 2030 (USD Million)
Table 5 Global bitcoin market, by end-use, 2017 - 2030 (USD Million)
Table 6 Bitcoin market - Key market driver impact
Table 7 Bitcoin market - Key market challenge impact
Table 8 Exchanges bitcoin market, 2017 - 2030 (USD Million)
Table 9 Exchanges bitcoin market, by region, 2017 - 2030 (USD Million)
Table 10 Remittance services bitcoin market, 2017 - 2030 (USD Million)
Table 11 Remittance services bitcoin market, by region, 2017 - 2030 (USD Million)
Table 12 Payment & wallet bitcoin market, 2017 - 2030 (USD Million)
Table 13 Payment & wallet bitcoin market, by region, 2017 - 2030 (USD Million)
Table 14 Bitcoin market in BFSI, 2017 - 2030 (USD Million)
Table 15 Bitcoin market in BFSI, by region, 2017 - 2030 (USD Million)
Table 16 Bitcoin market in e-commerce, 2017 - 2030 (USD Million)
Table 17 Bitcoin market in e-commerce, by region, 2017 - 2030 (USD Million)
Table 18 Bitcoin market in media & entertainment, 2017 - 2030 (USD Million)
Table 19 Bitcoin market in media & entertainment, by region, 2017 - 2030 (USD Million)
Table 20 Bitcoin market in others, 2017 - 2030 (USD Million)
Table 21 Bitcoin market in others, by region, 2017 - 2030 (USD Million)
Table 22 North America bitcoin market, 2017 - 2030 (USD Million)
Table 23 North America bitcoin market, by application, 2017 - 2030 (USD Million)
Table 24 North America bitcoin market, by end-use, 2017 - 2030 (USD Million)
Table 25 U.S. bitcoin market, 2017 - 2030 (USD Million)
Table 26 U.S. bitcoin market, by application, 2017 - 2030 (USD Million)
Table 27 U.S. bitcoin market, by end-use, 2017 - 2030 (USD Million)
Table 28 Canada bitcoin market, 2017 - 2030 (USD Million)
Table 29 Canada bitcoin market, by application, 2017 - 2030 (USD Million)
Table 30 Canada bitcoin market, by end-use, 2017 - 2030 (USD Million)
Table 31 Europe bitcoin market, 2017 - 2030 (USD Million)
Table 32 Europe bitcoin market, by application, 2017 - 2030 (USD Million)
Table 33 Europe bitcoin market, by end-use, 2017 - 2030 (USD Million)
Table 34 Germany bitcoin market, 2017 - 2030 (USD Million)
Table 35 Germany bitcoin market, by application, 2017 - 2030 (USD Million)
Table 36 Germany bitcoin market, by end-use, 2017 - 2030 (USD Million)
Table 37 U.K. bitcoin market, 2017 - 2030 (USD Million)
Table 38 U.K. bitcoin market, by application, 2017 - 2030 (USD Million)
Table 39 U.K. bitcoin market, by end-use, 2017 - 2030 (USD Million)
Table 40 Asia Pacific bitcoin market, 2017 - 2030 (USD Million)
Table 41 Asia Pacific bitcoin market, by application, 2017 - 2030 (USD Million)
Table 42 Asia Pacific bitcoin market, by end-use, 2017 - 2030 (USD Million)
Table 43 China bitcoin market, 2017 - 2030 (USD Million)
Table 44 China bitcoin market, by application, 2017 - 2030 (USD Million)
Table 45 China bitcoin market, by end-use, 2017 - 2030 (USD Million)
Table 46 South Korea bitcoin market, 2017 - 2030 (USD Million)
Table 47 South Korea bitcoin market, by application, 2017 - 2030 (USD Million)
Table 48 South Korea bitcoin market, by end-use, 2017 - 2030 (USD Million)
Table 49 Japan bitcoin market, 2017 - 2030 (USD Million)
Table 50 Japan bitcoin market, by application, 2017 - 2030 (USD Million)
Table 51 Japan bitcoin market, by end-use, 2017 - 2030 (USD Million)
Table 52 Latin America bitcoin market, 2017 - 2030 (USD Million)
Table 53 Latin America bitcoin market, by application, 2017 - 2030 (USD Million)
Table 54 Latin America bitcoin market, by end-use, 2017 - 2030 (USD Million)
Table 55 Brazil bitcoin market, 2017 - 2030 (USD Million)
Table 56 Brazil bitcoin market, by application, 2017 - 2030 (USD Million)
Table 57 Brazil bitcoin market, by end-use, 2017 - 2030 (USD Million)
Table 58 MEA bitcoin market, 2017 - 2030 (USD Million)
Table 59 MEA bitcoin market, by application, 2017 - 2030 (USD Million)
Table 60 MEA bitcoin market, by end-use, 2017 - 2030 (USD Million)
List of Figures
FIG. 1 Market segmentation and scope
FIG. 2 Global bitcoin market, 2017 - 2030 (USD Million)
FIG. 3 Bitcoin market - Value chain analysis
FIG. 4 Bitcoin market dynamics
FIG. 5 Key opportunities prioritized
FIG. 6 Bitcoin market - Porter’s Five Forces analysis
FIG. 7 Bitcoin market - Key company market share analysis, 2021
FIG. 8 Bitcoin market - PESTEL analysis
FIG. 9 Bitcoin market, by application, 2021
FIG. 10 Bitcoin market, by end-use, 2021
FIG. 11 Bitcoin market, by region, 2021
FIG. 12 Bitcoin market - Regional takeaways
FIG. 13 North America bitcoin market - Key takeaways
FIG. 14 Europe bitcoin market - Key takeaways
FIG. 15 Asia Pacific bitcoin market - Key takeaways
FIG. 16 Latin America bitcoin market - Key takeaways
FIG. 17 MEA contact bitcoin market - Key takeaways

Companies Mentioned

  • Blockstream Corporation Inc.
  • Coinbase Inc.
  • Coinfy ApS
  • Unocoin Technologies Pvt Limited.
  • Bitstamp Ltd.
  • itBit Trust Company LLC
  • Blockchain Luxembourg SA
  • Kraken (Payward Inc.)
  • BitPay Inc.
  • Plutus Financial Inc. (ABRA)

Methodology

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Table Information

Report AttributeDetails
No. of Pages130
PublishedAugust 2022
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 20.63 Billion
Forecasted Market Value ( USD ) by 2030 $ 132.91 Billion
Compound Annual Growth Rate26.2%
Regions CoveredGlobal
No. of Companies Mentioned10

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About the Bitcoin Market

The Bitcoin market is a digital asset market that enables the buying, selling, and trading of Bitcoin. Bitcoin is a decentralized digital currency that is not controlled by any government or central bank. It is created and held electronically on a distributed ledger known as the blockchain. The Bitcoin market is highly volatile and can be subject to large swings in price. The Bitcoin market is made up of a variety of companies, including exchanges, wallet providers, payment processors, and miners. Exchanges are platforms that allow users to buy and sell Bitcoin. Wallet providers offer secure storage for Bitcoin, while payment processors facilitate transactions between buyers and sellers. Miners are responsible for verifying transactions on the blockchain and are rewarded with Bitcoin for their efforts. Some of the major companies in the Bitcoin market include Coinbase, Binance, Kraken, BitPay, and BlockFi. Coinbase is one of the largest exchanges in the world, offering a range of services for buying, selling, and storing Bitcoin. Binance is a leading cryptocurrency exchange, offering a wide range of trading options. Kraken is a US-based exchange that offers a range of services for buying and selling Bitcoin. BitPay is a payment processor that enables merchants to accept Bitcoin payments. BlockFi is a financial services company that offers a range of products and services for Bitcoin holders. Show Less Read more

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