Product Overview

Digital currency refers to all the monetary assets available in digital form. Digital currency is also referred to 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 to 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 to project a notable CAGR in 2030.

Global Digital Currency Market to 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 to witness significant adoption owing to 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 to 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 to grow with the highest CAGR during 2021-30

Global Digital Currency market is segmented by type into 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 to 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 to grow with the highest CAGR during 2021-30

Global Digital Currency market is divided by End Users into 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 to 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 to physically transfer money; additionally, banking is made much more convenient by allowing people to perform their personal banking without even the need to 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 to drive the market in the near future. Digital currency offers easy and flexible transactions due to which people from developed countries are adopting it. The popularity of digital currency as an exchanging medium led the central bank to 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 to have a positive influence on market growth.

Lower Transaction Cost

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

Qihoo 360

Tencent

Other Prominent Players

Global Digital Currency Market: Regions

Global Digital Currency Market is segmented based on regional analysis into 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 to dominate the global Digital Currency market owing to 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 also 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

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.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)