Market Overview:
The global digital coin 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 demand for digital coins for payments and transactions, rising number of use cases for digital coins, and increasing venture capital investments in blockchain technology. The global digital coin market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into cloud-based and on-premise. Cloud-based systems are hosted by a third party provider such as Amazon Web Services (AWS) or Microsoft Azure, whereas on-premise systems are installed within an organization’s own data center or server farm. The cloud-based segment is expected to grow at a higher CAGR during the forecast period as it offers several advantages over on-premise systems such as lower costs, scalability, and flexibility. On the basis of application, the global digital coin market is divided into telecoms, finance & banking sector , ecommerce & retail sector , network & software sector , manufacturing sector , and others . The telecoms sector accounted for majority share of revenue in 2017 owing to increased adoption of blockchain technology by telecom operators for various applications such as fraud detection & prevention , customer management , billing reconciliation etc .
Product Definition:
A digital coin is a type of cryptocurrency that exists only in digital form. The first and most well-known digital coin is Bitcoin, which was created in 2009. Other popular examples include Litecoin, Dogecoin, and Peercoin. Digital coins are often traded on decentralized exchanges and can also be used to purchase goods and services online.
Cloud-based:
Cloud-based is a term used to define services and solutions that are hosted on the cloud. The cloud has gained popularity as it offers benefits such as on-demand availability of computing resources, easy deployment, and low operational cost. Cloud service providers offer various types of solutions such as Platform As A Service (PaaS), Infrastructure As A Service (IaaS), and Software As A Service (SaaS).
On-premise:
On-premise refers to the installation of services and solutions on computers present within the organization. The term is generally used for software or applications that are installed manually on a computer, server, or other device within an organization. On-premise software solutions offer benefits such as easy customization of products according to organizational needs and control over data security.
Application Insights:
The telecom application segment led the global digital coin market in 2017. The growing adoption of mobile payments and e-wallets is driving the demand for digital coins in this sector. Moreover, increasing cloud-based services and applications are propelling the growth of this industry. For instance, Storjcoin X (SJCX) is a decentralized storage network that uses blockchain technology to create an uncopyable distributed ledger for data ownership and security purposes. It was developed by Satoshi Nakamoto who introduced it in 2014 as an open source project; however it did not gain much traction until 2018 when its price surged from USD 0.4 to USD 20 on a single day owing to increased media exposure, public awareness campaigns by its developers, and supportive government regulations across various countries globally including South Korea, China India etc., which eventually resulted in gaining significant market share over other similar products within same niche category such as FileCoin or EtherDelta (DELT).
Regional Analysis:
The market in North America is anticipated to witness significant growth over the forecast period owing to the increasing adoption of digital currencies for payments. The growing use of these currencies for international trade and online transactions as well as investment is also expected to drive demand over the next eight years. Furthermore, a favorable regulatory environment coupled with high internet penetration in this region has encouraged users to make use of digital currencies.
Asia Pacific is estimated to be one of the fastest-growing regional markets from 2018 till 2030 owing to factors such as increasing awareness regarding these virtual currency and its underlying technology, rising investments by prominent players in this industry, and growing usage by individuals across countries such as Japan, China, India among others are some other major contributors driving demand across Asia Pacific region.
Growth Factors:
- Increasing acceptance as a payment method by online and offline merchants.
- Rising demand from institutional investors looking to diversify their portfolios with digital assets.
- Growing popularity of blockchain technology among businesses for its potential to streamline operations and reduce costs.
- Increasing use of digital coins as a means of remittance by migrant workers sending money back home to their families5, Proliferation of decentralized applications (dApps) that run on blockchain networks, providing new use cases for digital coins beyond just payments
Scope Of The Report
Report Attributes
Report Details
Report Title
Digital Coin Market Research Report
By Type
Cloud-based, On-premise
By Application
Telecom, Finance & Banking, E-Commerce & Retail, Network & Software, Manufacturing, Others
By Companies
Accenture, Viavi Solutions, Infosys, SAP, Adastra, Mahindra Comviva, Alepo, EMC, ALC, Redknee, SAS, Monetize Solutions, Reltio, IBM, Teradata, CellOS Software, Altruist India/Connectiva, Samsung ARTIK, 1010DATA, Dawex Systems
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
173
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Digital Coin Market Report Segments:
The global Digital Coin market is segmented on the basis of:
Types
Cloud-based, On-premise
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
Telecom, Finance & Banking, E-Commerce & Retail, Network & Software, Manufacturing, Others
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:
- Accenture
- Viavi Solutions
- Infosys
- SAP
- Adastra
- Mahindra Comviva
- Alepo
- EMC
- ALC
- Redknee
- SAS
- Monetize Solutions
- Reltio
- IBM
- Teradata
- CellOS Software
- Altruist India/Connectiva
- Samsung ARTIK
- 1010DATA
- Dawex Systems
Highlights of The Digital Coin 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:
- Cloud-based
- On-premise
- By Application:
- Telecom
- Finance & Banking
- E-Commerce & Retail
- Network & Software
- Manufacturing
- Others
- 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 Digital Coin 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?
Digital Coin is a digital asset that uses blockchain technology to create an immutable record of transactions. It is designed to be used as a medium of exchange for goods and services.
Some of the major companies in the digital coin market are Accenture, Viavi Solutions, Infosys, SAP, Adastra, Mahindra Comviva, Alepo, EMC, ALC, Redknee, SAS, Monetize Solutions, Reltio, IBM, Teradata, CellOS Software, Altruist India/Connectiva, Samsung ARTIK, 1010DATA, Dawex Systems.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Digital Coin Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Digital Coin Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Digital Coin Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Digital Coin Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Digital Coin Market Size & Forecast, 2018-2028
4.5.1 Digital Coin Market Size and Y-o-Y Growth
4.5.2 Digital Coin Market Absolute $ Opportunity
Chapter 5 Global Digital Coin Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Digital Coin Market Size Forecast by Type
5.2.1 Cloud-based
5.2.2 On-premise
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Digital Coin Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Digital Coin Market Size Forecast by Applications
6.2.1 Telecom
6.2.2 Finance & Banking
6.2.3 E-Commerce & Retail
6.2.4 Network & Software
6.2.5 Manufacturing
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Digital Coin Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Digital Coin Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Digital Coin Analysis and Forecast
9.1 Introduction
9.2 North America Digital Coin Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Digital Coin Market Size Forecast by Type
9.6.1 Cloud-based
9.6.2 On-premise
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Digital Coin Market Size Forecast by Applications
9.10.1 Telecom
9.10.2 Finance & Banking
9.10.3 E-Commerce & Retail
9.10.4 Network & Software
9.10.5 Manufacturing
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Digital Coin Analysis and Forecast
10.1 Introduction
10.2 Europe Digital Coin Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Digital Coin Market Size Forecast by Type
10.6.1 Cloud-based
10.6.2 On-premise
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Digital Coin Market Size Forecast by Applications
10.10.1 Telecom
10.10.2 Finance & Banking
10.10.3 E-Commerce & Retail
10.10.4 Network & Software
10.10.5 Manufacturing
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Digital Coin Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Digital Coin Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Digital Coin Market Size Forecast by Type
11.6.1 Cloud-based
11.6.2 On-premise
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Digital Coin Market Size Forecast by Applications
11.10.1 Telecom
11.10.2 Finance & Banking
11.10.3 E-Commerce & Retail
11.10.4 Network & Software
11.10.5 Manufacturing
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Digital Coin Analysis and Forecast
12.1 Introduction
12.2 Latin America Digital Coin Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Digital Coin Market Size Forecast by Type
12.6.1 Cloud-based
12.6.2 On-premise
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Digital Coin Market Size Forecast by Applications
12.10.1 Telecom
12.10.2 Finance & Banking
12.10.3 E-Commerce & Retail
12.10.4 Network & Software
12.10.5 Manufacturing
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Digital Coin Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Digital Coin Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Digital Coin Market Size Forecast by Type
13.6.1 Cloud-based
13.6.2 On-premise
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Digital Coin Market Size Forecast by Applications
13.10.1 Telecom
13.10.2 Finance & Banking
13.10.3 E-Commerce & Retail
13.10.4 Network & Software
13.10.5 Manufacturing
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Digital Coin Market: Competitive Dashboard
14.2 Global Digital Coin Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Accenture
14.3.2 Viavi Solutions
14.3.3 Infosys
14.3.4 SAP
14.3.5 Adastra
14.3.6 Mahindra Comviva
14.3.7 Alepo
14.3.8 EMC
14.3.9 ALC
14.3.10 Redknee
14.3.11 SAS
14.3.12 Monetize Solutions
14.3.13 Reltio
14.3.14 IBM
14.3.15 Teradata
14.3.16 CellOS Software
14.3.17 Altruist India/Connectiva
14.3.18 Samsung ARTIK
14.3.19 1010DATA
14.3.20 Dawex Systems
