Global Bitcoin Payments Market Size study & Forecast, by Keys (Private Keys, Public Keys), by Component (Hardware, Software, Services), by Application (E-commerce, Retail, Others) and Regional Analysis, 2022-2029

Description

List of Tables

Global Bitcoin Payments Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Bitcoin Payments gateway is a payment processor/aggregator that enables merchants to accept transactions in bitcoins. Moreover, Payment gateways act as transaction facilitators between merchants and customers for processing payments. These payment aggregators offer user-friendly interface that enables real-time transactions using mobile-based applications. The increasing expansion of cryptocurrencies and the growing acceptance of bitcoins by merchants as well as strategic initiatives from leading market players are key factors accelerating the market growth.

The increasing expansion of cryptocurrencies worldwide is contributing to the growth of the Global Bitcoin Payments Market. For instance, as per Statista - as of 2022, the revenue in the global cryptocurrencies segment is estimated at USD 34.72 billion, and the revenue is projected to show an annual growth rate of 16.43% between 2022 and 2027 to reach to a projected total amount of USD 74.30 billion by 2027. Moreover, in October 2020, Bitcoin (BTC) was priced at USD 13573.81, and it further increased to USD 19134.24 in October 2022. In addition, Bitcoin (BTC) reached all-time high value of USD 65,000 in November 2021. Also, untapped potential in developing economies and increasing demand for bitcoins from banks and financial institutions would create a lucrative growth prospectus for the market over the forecast period. However, transparency and price fluctuation issues stifle the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Bitcoin Payments Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the large number of bitcoin holders coupled with the presence of leading bitcoin payment aggregators in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the rising popularity of cryptocurrencies and increasing penetration of leading market players in the region.

Major market players included in this report are:

Binance

Bitpay

Circle Inc.

Coingate

Coinpayments Inc.

Coinspaid

MoonPay Limited

OpenNode

Paxful Inc.

Paypal

Recent Developments in the Market:

In March 2022, Nigeria-based blockchain payments startup Basqet rolled out its cryptocurrency payments gateway to enable businesses to accept Bitcoin and other cryptocurrencies as payment.

Global Bitcoin Payments Market Report Scope:

Historical Data: 2019-2020-2021

Base Year for Estimation: 2021

Forecast period: 2022-2029

Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends

Segments Covered: Keys, Component, Application, Region

Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World

Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Keys

Private Keys

Public Keys

By Component

Hardware

Software

Services

By Application

E-commerce

Retail

Others

By Region:

North America

U.S.

Canada

Europe

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

RoLA

Rest of the World

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Bitcoin Payments Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Bitcoin Payments Market, by Keys, 2019-2029 (USD Billion)
- 1.2.3. Bitcoin Payments Market, by Component, 2019-2029 (USD Billion)
- 1.2.4. Bitcoin Payments Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Bitcoin Payments Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Bitcoin Payments Market Dynamics

3.1. Bitcoin Payments Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
  - 3.1.1.1. Increasing expansion of cryptocurrencies
  - 3.1.1.2. Growing acceptance of bitcoins by merchants
  - 3.1.1.3. Strategic initiatives from leading market players
- 3.1.2. Market Challenges
  - 3.1.2.1. Concerns over consistency and interoperability
- 3.1.3. Market Opportunities
  - 3.1.3.1. Untapped potential in developing economies
  - 3.1.3.2. Increasing demand for bitcoins from banks and financial institutions

Chapter 4. Global Bitcoin Payments Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Bitcoin Payments Market, by Keys

6.1. Market Snapshot
6.2. Global Bitcoin Payments Market by Keys, Performance - Potential Analysis
6.3. Global Bitcoin Payments Market Estimates & Forecasts by Keys 2019-2029 (USD Billion)
6.4. Bitcoin Payments Market, Sub Segment Analysis
- 6.4.1. Private Keys
- 6.4.2. Public Keys

Chapter 7. Global Bitcoin Payments Market, by Component

7.1. Market Snapshot
7.2. Global Bitcoin Payments Market by Component, Performance - Potential Analysis
7.3. Global Bitcoin Payments Market Estimates & Forecasts by Component 2019-2029 (USD Billion)
7.4. Bitcoin Payments Market, Sub Segment Analysis
- 7.4.1. Hardware
- 7.4.2. Software
- 7.4.3. Services

Chapter 8. Global Bitcoin Payments Market, by Application

8.1. Market Snapshot
8.2. Global Bitcoin Payments Market by Application, Performance - Potential Analysis
8.3. Global Bitcoin Payments Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
8.4. Bitcoin Payments Market, Sub Segment Analysis
- 8.4.1. E-commerce
- 8.4.2. Retail
- 8.4.3. Others

Chapter 9. Global Bitcoin Payments Market, Regional Analysis

9.1. Bitcoin Payments Market, Regional Market Snapshot
9.2. North America Bitcoin Payments Market
- 9.2.1. U.S. Bitcoin Payments Market
  - 9.2.1.1. Keys breakdown estimates & forecasts, 2019-2029
  - 9.2.1.2. Component breakdown estimates & forecasts, 2019-2029
  - 9.2.1.3. Application breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Bitcoin Payments Market
9.3. Europe Bitcoin Payments Market Snapshot
- 9.3.1. U.K. Bitcoin Payments Market
- 9.3.2. Germany Bitcoin Payments Market
- 9.3.3. France Bitcoin Payments Market
- 9.3.4. Spain Bitcoin Payments Market
- 9.3.5. Italy Bitcoin Payments Market
- 9.3.6. Rest of Europe Bitcoin Payments Market
9.4. Asia-Pacific Bitcoin Payments Market Snapshot
- 9.4.1. China Bitcoin Payments Market
- 9.4.2. India Bitcoin Payments Market
- 9.4.3. Japan Bitcoin Payments Market
- 9.4.4. Australia Bitcoin Payments Market
- 9.4.5. South Korea Bitcoin Payments Market
- 9.4.6. Rest of Asia Pacific Bitcoin Payments Market
9.5. Latin America Bitcoin Payments Market Snapshot
- 9.5.1. Brazil Bitcoin Payments Market
- 9.5.2. Mexico Bitcoin Payments Market
- 9.5.3. Rest of Latin America Bitcoin Payments Market
9.6. Rest of The World Bitcoin Payments Market

Chapter 10. Competitive Intelligence

10.1. Top Market Strategies
10.2. Company Profiles
- 10.2.1. Binance
  - 10.2.1.1. Key Information
  - 10.2.1.2. Overview
  - 10.2.1.3. Financial (Subject to Data Availability)
  - 10.2.1.4. Product Summary
  - 10.2.1.5. Recent Developments
- 10.2.2. Bitpay
- 10.2.3. Circle Inc
- 10.2.4. Coingate
- 10.2.5. Coinpayments Inc
- 10.2.6. Coinspaid
- 10.2.7. MoonPay Limited
- 10.2.8. OpenNode
- 10.2.9. Paxful Inc
- 10.2.10. PayPal

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Bitcoin Payments Market, report scope
TABLE 2. Global Bitcoin Payments Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Bitcoin Payments Market estimates & forecasts by Keys 2019-2029 (USD Billion)
TABLE 4. Global Bitcoin Payments Market estimates & forecasts by Component 2019-2029 (USD Billion)
TABLE 5. Global Bitcoin Payments Market estimates & forecasts by Application 2019-2029 (USD Billion)
TABLE 6. Global Bitcoin Payments Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Bitcoin Payments Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Bitcoin Payments Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Bitcoin Payments Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Bitcoin Payments Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Bitcoin Payments Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Bitcoin Payments Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Bitcoin Payments Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Bitcoin Payments Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. Global Bitcoin Payments Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. U.S. Bitcoin Payments Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 17. U.S. Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 18. U.S. Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 19. Canada Bitcoin Payments Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 20. Canada Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 21. Canada Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 22. UK Bitcoin Payments Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 23. UK Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 24. UK Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 25. Germany Bitcoin Payments Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 26. Germany Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 27. Germany Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 28. France Bitcoin Payments Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 29. France Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 30. France Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 31. Italy Bitcoin Payments Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 32. Italy Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 33. Italy Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 34. Spain Bitcoin Payments Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 35. Spain Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 36. Spain Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 37. RoE Bitcoin Payments Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 38. RoE Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 39. RoE Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 40. China Bitcoin Payments Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 41. China Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 42. China Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 43. India Bitcoin Payments Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 44. India Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 45. India Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 46. Japan Bitcoin Payments Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 47. Japan Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 48. Japan Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 49. South Korea Bitcoin Payments Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 50. South Korea Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 51. South Korea Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 52. Australia Bitcoin Payments Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 53. Australia Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 54. Australia Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 55. RoAPAC Bitcoin Payments Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 56. RoAPAC Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 57. RoAPAC Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 58. Brazil Bitcoin Payments Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 59. Brazil Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 60. Brazil Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 61. Mexico Bitcoin Payments Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 62. Mexico Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 63. Mexico Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 64. RoLA Bitcoin Payments Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 65. RoLA Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 66. RoLA Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 67. Row Bitcoin Payments Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 68. Row Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 69. Row Bitcoin Payments Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Bitcoin Payments Market
TABLE 71. List of primary sources, used in the study of global Bitcoin Payments Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

List of figures

FIG 1. Global Bitcoin Payments Market, research methodology
FIG 2. Global Bitcoin Payments Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Bitcoin Payments Market, key trends 2021
FIG 5. Global Bitcoin Payments Market, growth prospects 2022-2029
FIG 6. Global Bitcoin Payments Market, porters 5 force model
FIG 7. Global Bitcoin Payments Market, pest analysis
FIG 8. Global Bitcoin Payments Market, value chain analysis
FIG 9. Global Bitcoin Payments Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Bitcoin Payments Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Bitcoin Payments Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Bitcoin Payments Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Bitcoin Payments Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Bitcoin Payments Market, regional snapshot 2019 & 2029
FIG 15. North America Bitcoin Payments Market 2019 & 2029 (USD Billion)
FIG 16. Europe Bitcoin Payments Market 2019 & 2029 (USD Billion)
FIG 17. Asia pacific Bitcoin Payments Market 2019 & 2029 (USD Billion)
FIG 18. Latin America Bitcoin Payments Market 2019 & 2029 (USD Billion)
FIG 19. Global Bitcoin Payments Market, company Market share analysis (2021)