According to the Market Statsville Group (MSG), the global crypto payment gateway market is estimated to grow at a CAGR of 21.4% from 2022 to 2030
Description
According to the Market Statsville Group (MSG), the global crypto payment gateway market is estimated to grow at a CAGR of 21.4% from 2022 to 2030. Cryptocurrency payment gateway is a payment processing system or infrastructure that enables merchants and providers to accept payments across different cryptocurrencies while ensuring security. Cryptocurrency payment gateways are generally transaction facilitators between merchants and customers. Factors such as growing digital or online frauds, government initiatives to promote cryptocurrency, and others are driving the market’s growth over the forecasting period. However, lack of awareness across emerging economies will be a major restraining factor hampering market’s growth.
COVID-19 Impact on the Global Crypto Payment Gateway Market
COVID-19 positively impacted the market’s growth, as global lockdowns forced people to stay inside and work from home. The major market players operating in the cryptocurrency payment gateway market seek this as an opportunity to adopt various strategies to inform people regarding cryptocurrency. Further, they employed social media platforms to gain traction, as the online activities of every individual doubled during a pandemic. Also, various social influencers, online advertisements, and rewards offered by the crypto payment gateway application propel the market’s growth amid the pandemic.
Scope of the Global Crypto Payment Gateway Market
The study categorizes the crypto payment gateway market based on crypto currency type, type, application, and end-users, at the regional and global levels.
By Crypto Currency Type Outlook (Sales, USD Million, 2017-2030)
Bitcoin
Ethereum
Tether
Binance Coin
Others
By Type Outlook (Sales, USD Million, 2017-2030)
Web-based
Mobile-based
By Application Outlook (Sales, USD Million, 2017-2030)
iGaming
Online Entertainment Projects
E-stores
Others
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By End-Users Outlook (Sales, USD Million, 2017-2030)
SMEs
Large Enterprises
By Region Outlook (Sales, USD Million, 2017-2030)
North America
US
Canada
Mexico
Europe
Germany
Italy
France
UK
Spain
Poland
Russia
the Netherlands
Norway
Czech Republic
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Indonesia
Malaysia
Thailand
Singapore
Australia & New Zealand
Rest of Asia Pacific
South America
Brazil
Argentina
Colombia
Rest of South America
The Middle East & Africa
Saudi Arabia
UAE
South Africa
Northern Africa
Rest of MEA
The bitcoin segment is projected to account for the largest market share, by cryptocurrency type
Based on type segment, the global crypto payment gateway market is divided into bitcoin, ethereum, tether, and binance coin. Among these segments, bitcoin accounts for the major market share of 2021. The growing demand for market exchange and consumer demand for diversified investments drive the segmental growth.
Asia Pacific accounts for the highest CAGR during the forecast period
Globally, Asia Pacific is estimated to hold the highest market share and is estimated to hold a major share over the forecasting period. The growth is attributed to the rising awareness among people regarding crypto investment, government initiatives, and the expansion of major market players in the region to gain more traction. Such factors are estimated to accelerate the market’s growth over the forecasting period.
Report Analysis: www.marketstatsville.com/crypto-payment-gateway-market
Global Crypto Payment Gateway Market Major Players
Coinbase
Paypal
Coingate
Coinsetter
BitPay
Avalon
BitcoinX
Nvidia
ATI
Bitcoin Foundation
Spectrocoin
CoinPayments
Blockonomics
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