Global Bitcoin Wallet Market by Type (Web Version, PC App, Mobile App, Other), By Application (SME, Large Enterprise) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global bitcoin wallet market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing adoption of bitcoins as a payment mode and the rising demand for digital currencies. The global bitcoin wallet market is segmented on the basis of type, application, and region. On the basis of type, it is divided into web version, PC app, mobile app, and other wallets. In terms of application, it is classified into SMEs and large enterprises. Region-wise, it covers North America (U.S., Canada), Latin America (Mexico), Europe (Germany), Asia Pacific (China), Middle East & Africa (South Africa).



Get Free Sample Report

Product Definition:

A Bitcoin wallet is a digital asset that stores private and public keys used to receive and spend bitcoins. A bitcoin wallet is also referred to as a digital currency wallet.

Web Version:

The web version is a wallet software that allows the user to send and receive bitcoins. It also provides the user with a detailed view of all their transactions. The growth factor for this segment is increasing adoption of online wallets as they are more secure than using paper wallets or other methods, which results in increased security awareness among users resulting in higher usage of web wallet services.

Another factor contributing to its' high growth rate is due to its' ease of use.

PC App:

PC app is a software that helps in managing and securing digital currency. It also allows the user to monitor all activities that are taking place in the digital wallet. The major function of this app is to secure private keys, which can be used for transactions between two parties. Some of these apps also allow users to manage multiple wallets simultaneously and provide custom interface as per need which further helps in enhancing security levels by providing additional layers of security through various levels of encryption protocols.

Application Insights:

The mobile application segment led the market and accounted for more than 54.0% share of the global revenue in 2017. The growth is attributed to increasing adoption of smartphones globally, which provides an opportunity for digital asset wallets on mobile devices. Moreover, introduction of innovative products by companies such as Coinbase and Xapo is expected to drive the demand further. For instance, in January 2018, Xapo launched a bitcoin wallet app - xWallet that enables users to secure their bitcoins by Vaults with a strong password and PIN code.

The large enterprise segment is anticipated to witness significant growth over the forecast period owing to growing adoption at institutional level worldwide coupled with growing awareness regarding security vulnerabilities at individual level among consumers globally. Growing number of SMEs across developing countries such as India, China and Brazil are also expected fuel demand from small businesses worldwide over the forecast period (18-2030).

Regional Analysis:

The Asia Pacific region dominated the market in 2017 and is expected to maintain its position over the forecast period. The growth can be attributed to increasing adoption of digital currencies, growing number of users, increased online trading, and rising awareness about various uses of bitcoins. Moreover, countries such as China are playing a major role in promoting digital currency adoption through favorable regulatory frameworks.

North America accounted for a significant share owing to high demand from U.S.-based businesses due to early adoption of virtual currencies. Furthermore, growing popularity and acceptance among consumers along with higher usage by individuals for payment purposes will drive regional growth over the next eight years. Europe also held a considerable share in terms of revenue owing to early acceptance by some countries such as Germany which has around 20% penetration compared with U.K.

Growth Factors:

Increasing acceptance of Bitcoin as a payment method by online and offline merchants.
Rising awareness about the benefits of using Bitcoin wallets among consumers.
Growing demand for mobile Bitcoin wallets due to increasing use of smartphones and tablets.
Proliferation of digital currencies and blockchain technology, which is expected to drive the growth of the Bitcoin wallet market in the coming years.
Development of innovative features by wallet providers to attract more users


Get Free Sample Report
Scope Of The Report
Report Attributes
Report Details
Report Title
Bitcoin Wallet Market Research Report
By Type
Web Version, PC App, Mobile App, Other
By Application
SME, Large Enterprise
By Companies
Xapo, ANXPRO, Wirex, Blockchain, CEX.IO, General Bytes, ItBit, Circle, Airbitz, 37coins, LocalBitcoins
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.

Global Bitcoin Wallet Market Report Segments:
The global Bitcoin Wallet market is segmented on the basis of:
Types
Web Version, PC App, Mobile App, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
SME, Large Enterprise
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Xapo
ANXPRO
Wirex
Blockchain
CEX.IO
General Bytes
ItBit
Circle
Airbitz
37coins
LocalBitcoins



Get Free Sample Report

Highlights of The Bitcoin Wallet Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Web Version
PC App
Mobile App
Other
By Application:
SME
Large Enterprise
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Bitcoin Wallet Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

Frequently Asked Questions?