Digital Currency Market: Market Segments: By Type (Bitcoin, Cryptocurrency, Bitcoin Cash, Litecoin, Ethereum and Others) ; By End User (IT Solution, FinTech, Bank, Consulting, Exchange and Others) ; By Application (Government and Enterprise) and Region - Global Analysis of Market Size, Share & Trends for 2019- 2020 and Forecasts to 2030

Publisher Name :
Date: 01-Jul-2021
No. of pages: 94

Product Overview

Digital currency refers t- all the monetary assets available in digital form. Digital currency is als- referred t- as electronic money, electronic currency, or cybercash. Digital currencies are transacted via designated software, networks, and applications in digital form. Digital currency exhibits similar properties t- physical currencies, however, it can allow immediate transactions and borderless transfer-of-ownership. Examples of digital currency include cryptocurrencies, virtual currencies, and digital money at the central bank. Digital money can either be centralized where there is a central control point over the supply of money (for example, a bank) or decentralized where control over the supply of money is predetermined or democratically decided upon.

Market Highlights

Global Digital Currency Market is expected t- project a notable CAGR in 2030.

Global Digital Currency Market t- surpass USD XXXX million by 2030 from USD XXXX million in 2020 at a CAGR of XX.X% in the coming years, i.e., 2021-30. The digital Currency Market is anticipated t- witness significant adoption owing t- advantages such as low transaction fees, fraud protection, and simple international payments. Additionally, the increasing popularity of digital currencies such as bitcoins and litecoins is predicted t- drive market growth. Other factors driving the market growth include technological advancement which allows more secure and seamless use of digital currency. Digital currency can be exchanged and transferred with technologies like credit cards, smartphones, and online cryptocurrency exchanges.

Global Digital Currency Market: Segments

Bitcoin segment t- grow with the highest CAGR during 2021-30

Global Digital Currency market is segmented by type int- Bitcoin, Cryptocurrency, Bitcoin Cash, Litecoin, Ethereum, and Others. Bitcoin, the segment held the largest market share of XX.X% in the year 2020. Bitcoin is a form of decentralized digital currency, without a central bank or single administrator, that can be sent from user t- user on the peer-to-peer bitcoin network without the need for intermediaries. Rising demand for trading, compliance-free remittance, and ease of cross-border transactions are the major factors mounting the adoption of bitcoins. Ethereum is another kind of Digital Currency that is used as a payment method for investing, accounting, decentralized programs, and implementing smart contracts.-

Bank segment t- grow with the highest CAGR during 2021-30

Global Digital Currency market is divided by End Users int- IT solutions, FinTech, Bank, Consulting, Exchange, and Others. Bank, the segment held the largest market share of XX.X% in the year 2020 and will continue t- dominate the market in the coming years. Increasing number of banks and other financial service companies enable digital currency transfers and other online transactions that transfer money between parties across long distances. Digital currency eliminates the need t- physically transfer money; additionally, banking is made much more convenient by allowing people t- perform their personal banking without even the need t- visit a physical branch or carry cash.

Market Dynamics

Drivers

Increasing adoption of digital currency

Digital currencies such as bitcoins, litecoins, and others are gaining popularity which is expected t- drive the market in the near future. Digital currency offers easy and flexible transactions due t- which people from developed countries are adopting it. The popularity of digital currency as an exchanging medium led the central bank t- support the digital currency. Various companies like Facebook Inc. are expanding their business by providing cryptocurrencies. The increasing popularity and acceptance of digital currencies are projected t- have a positive influence on market growth.

Lower Transaction Cost

Digital currency offers lower transaction fees which are projected t- boost the growth of the market in the forthcoming years. Payment with digital currency reduces transaction costs, and time is shortened compared t- other forms of payment. In addition t- that, emerging economies such as China, India, and Brazil and developed nations such as US, Japan, and Germany are estimated t- offer substantial growth opportunities for the companies operating in the digital currency market. The adoption of digital currency owing t- faster transfer, lower fees, and smooth and compliance-free transactions is projected t- drive the market.- -

Restraint

Concerns regarding security and privacy

Digital currencies raise security issues. Regardless of improving encryption techniques, the loss or leakage of authentication information is still possible and can cause great losses t- digital currency owners. These factors are anticipated t- impede market growth in the near future.

Global Digital Currency Market: Key Players

IBM

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

Ripple

Rubix by Deloitte

Accenture

Distributed Ledger Technologies

Oklink

Nasdaq Linq

Oracle

AWS

Citi Bank

ELayaway

HSBC

Ant Financial

JD Financial

Qiho- 360

Tencent

Other Prominent Players

Global Digital Currency Market: Regions

Global Digital Currency Market is segmented based on regional analysis int- five major regions. These include North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa. Global Digital Currency Market in North America held the largest market share of XX.X% in the year 2020. North America will continue t- dominate the global Digital Currency market owing t- increasing technological advancements and mounting adoption of digital currencies by consumers as well as by retailers in the region. Besides, the presence of major players in the region is dominating the market in North America.

Global Digital Currency Market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - Mexico, Argentina, Brazil, and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - North Africa, Israel, GCC, South Africa, and Rest of MENA

Global Digital Currency Market report als- contains analysis on:

Digital Currency Market Segments:

By Type

Bitcoin

Cryptocurrency

Bitcoin Cash

Litecoin

Ethereum

Others

By Application

Government

Enterprise

By End Users

IT Solution

FinTech

Bank

Consulting

Exchange

Others

Digital Currency Market Dynamics

Digital Currency Market Size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

Digital Currency Market: Market Segments: By Type (Bitcoin, Cryptocurrency, Bitcoin Cash, Litecoin, Ethereum and Others) ; By End User (IT Solution, FinTech, Bank, Consulting, Exchange and Others) ; By Application (Government and Enterprise) and Region - Global Analysis of Market Size, Share & Trends for 2019- 2020 and Forecasts to 2030

Table of Contents

1. Executive Summary
2. Global Digital Currency Market
1. Product Overview
2. Market Definition
3. Segmentation
4. Assumptions and Acronyms
3. Research Methodology
1. Research Objectives
2. Primary Research
3. Secondary Research
4. Forecast Model
5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
1. Growth Drivers
2. Restraints
3. Opportunity
4. Trends
7. Correlation & Regression Analysis
1. Correlation Matrix
2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
1. Demand Risk Analysis
2. Supply Risk Analysis
10. Global Digital Currency Market Analysis
1. Porters Five Forces
1. Threat of New Entrants
2. Bargaining Power of Suppliers
3. Threat of Substitutes
4. Rivalry
2. PEST Analysis
1. Political
2. Economic
3. Social
4. Technological
11. Global Digital Currency Market
1. Market Size & forecast, 2020A-2030F
1. By Value (USD Billion 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. Global Digital Currency Market: Market Segmentation
1. By Regions
1. North America:(U.S. and Canada), By Value (USD Billion 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Billion 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Billion 2020-2030F; Y-o-Y Growth (%) 2021-2030F
4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Billion 2020-2030F; Y-o-Y Growth (%) 2021-2030F
5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Billion 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. By Type: Market Share (2020-2030F)
1. Bitcoin, By Value (USD Billion 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Cryptocurrency, By Value (USD Billion 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Bitcoin Cash, By Value (USD Billion 2020-2030F; Y-o-Y Growth (%) 2021-2030F
4. Litecoin, By Value (USD Billion 2020-2030F; Y-o-Y Growth (%) 2021-2030F
5. Ethereum, By Value (USD Billion 2020-2030F; Y-o-Y Growth (%) 2021-2030F
6. Others, By Value (USD Billion 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. By Application: Market Share (2020-2030F)
1. Government, By Value (USD Billion 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Enterprise, By Value (USD Billion 2020-2030F; Y-o-Y Growth (%) 2021-2030F
4. By End User: Market Share (2020-2030F)
1. IT Solution, By Value (USD Billion 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. FinTech, By Value (USD Billion 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Bank, By Value (USD Billion 2020-2030F; Y-o-Y Growth (%) 2021-2030F
4. Consulting, By Value (USD Billion 2020-2030F; Y-o-Y Growth (%) 2021-2030F
5. Exchange, By Value (USD Billion 2020-2030F; Y-o-Y Growth (%) 2021-2030F
6. Others, By Value (USD Billion 2020-2030F; Y-o-Y Growth (%) 2021-2030F
Company Profile
1. IBM
1. Company Overview
2. Company Total Revenue (Financials)
3. Market Potential
4. Global Presence
5. Key Performance Indicators
6. SWOT Analysis
7. Product Launch
2. Ripple
3. Rubix by Deloitte
4. Accenture
5. Distributed Ledger Technologies
6. Oklink
7. Nasdaq Linq
8. Oracle
9. AWS
10. Citi Bank
11. ELayaway
12. HSBC
13. Ant Financial
14. JD Financial
15. Qihoo 360
16. Tencent
17. Other Prominent Players
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
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