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Global Bitcoin for Construction Market to reach USD XX billion by the end of 2029.

Global Bitcoin for Construction Market Size study & Forecast, by Process Type (Mining and Transaction), by Application (Trading, Payment: Peer-to-Peer Payment), by End-User Industry (Mechanical and Electrical) and Regional Analysis, 2022-2029

Product Code: ICTNGT-97480373
Publish Date: 24-04-2023
Page: 200

Global Bitcoin for Construction 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 for Construction refers to the application of cryptocurrencies in the construction sector to speed the payment cycle and faster completion and delivery of projects. Since cryptocurrencies are digital, they can be used to send instantaneous payments online. This helps to resolve cash flow problems and pave the way for automated payment methods like smart contracts, which enable the creation of quick payments with incentives that can boost productivity. Construction companies are also able to simply impose financial fines for late work or pay contractors quickly depending on appraisals. The increasing expansion of construction sector and growing focus towards faster project delivery are key factors driving the market growth.

The rising expansion of construction industry is contributing towards the growth of the Global Bitcoin for Construction Market. For instance – as per Oxford Economics estimates – during 2020, the global construction output was estimated at USD 10.7 trillion, and this amount is projected to grow by around 42 percent to reach USD 13.3 trillion, a further 15.2 trillion by 2030. Additionally, between 2020 and 2030, Asia Pacific will account for USD 2.5 trillion in construction output growth, increasing by more than 50% to become a USD 7.3 trillion market by 2030. Also, growing advancements in AI & Machine learning technologies as well as rising adoption of smart contracts across construction sector would create lucrative growth opportunities for the market over the forecast period. However, additional capital gain tax associated with cryptocurrency as well as no legal payment protection for transactions hinders the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Bitcoin for Construction Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of leading market players as well as increasing adoption of blockchain technology in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising investment towards new construction projects coupled with increasing penetration of leading crypto trading platforms and trading intermediates in the region.

Major market players included in this report are:
Advanced Micro Devices Inc. (USA)
Ripple Labs Inc. (US)
Ethereum Foundation (Switzerland)
Bitfury Group (Netherlands)
Coinbase Global Inc. (US)
BitGo, Inc. (US)
Binance Holdings (China)
Canaan Creative (China)
Bitstamp Inc. (Luxemburg)
Ifinex Inc. (Hong Kong)

Recent Developments in the Market:
Ø In February 2022, crypto exchange WazirX announced the launch of a new platform named ‘BUIDL With WazirX’, which enables crypto entrepreneurs to build their own exchanges.

Global Bitcoin for Construction 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 Process Type, Application, End-User Industry, 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 Process Type

By Application
Payment: Peer-to-Peer Payment

By End-User Industry

By Region:
North America
Asia Pacific
South Korea
Latin America
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 for Construction Market, by Region, 2019-2029 (USD Billion)
1.2.2. Bitcoin for Construction Market, by Process Type, 2019-2029 (USD Billion)
1.2.3. Bitcoin for Construction Market, by Application, 2019-2029 (USD Billion)
1.2.4. Bitcoin for Construction Market, by End-User Industry, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Bitcoin for Construction 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 for Construction Market Dynamics
3.1. Bitcoin for Construction Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Increasing expansion of construction sector Growing focus towards faster project delivery
3.1.2. Market Challenges Capital gains tax No legal payment protection for transactions
3.1.3. Market Opportunities Growing advancements in AI & Machine learning technologies Rising adoption of smart contracts across construction sector
Chapter 4. Global Bitcoin for Construction 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 for Construction Market, by Process Type
6.1. Market Snapshot
6.2. Global Bitcoin for Construction Market by Process Type, Performance – Potential Analysis
6.3. Global Bitcoin for Construction Market Estimates & Forecasts by Process Type 2019-2029 (USD Billion)
6.4. Bitcoin for Construction Market, Sub Segment Analysis
6.4.1. Mining
6.4.2. Transaction
Chapter 7. Global Bitcoin for Construction Market, by Application
7.1. Market Snapshot
7.2. Global Bitcoin for Construction Market by Application, Performance – Potential Analysis
7.3. Global Bitcoin for Construction Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
7.4. Bitcoin for Construction Market, Sub Segment Analysis
7.4.1. Trading
7.4.2. Payment: Peer-to-Peer Payment
Chapter 8. Global Bitcoin for Construction Market, by End-User Industry
8.1. Market Snapshot
8.2. Global Bitcoin for Construction Market by End-User Industry, Performance – Potential Analysis
8.3. Global Bitcoin for Construction Market Estimates & Forecasts by End-User Industry 2019-2029 (USD Billion)
8.4. Bitcoin for Construction Market, Sub Segment Analysis
8.4.1. Mechanical
8.4.2. Electrical
Chapter 9. Global Bitcoin for Construction Market, Regional Analysis
9.1. Bitcoin for Construction Market, Regional Market Snapshot
9.2. North America Bitcoin for Construction Market
9.2.1. U.S. Bitcoin for Construction Market Process Type breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029 End-User Industry breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Bitcoin for Construction Market
9.3. Europe Bitcoin for Construction Market Snapshot
9.3.1. U.K. Bitcoin for Construction Market
9.3.2. Germany Bitcoin for Construction Market
9.3.3. France Bitcoin for Construction Market
9.3.4. Spain Bitcoin for Construction Market
9.3.5. Italy Bitcoin for Construction Market
9.3.6. Rest of Europe Bitcoin for Construction Market
9.4. Asia-Pacific Bitcoin for Construction Market Snapshot
9.4.1. China Bitcoin for Construction Market
9.4.2. India Bitcoin for Construction Market
9.4.3. Japan Bitcoin for Construction Market
9.4.4. Australia Bitcoin for Construction Market
9.4.5. South Korea Bitcoin for Construction Market
9.4.6. Rest of Asia Pacific Bitcoin for Construction Market
9.5. Latin America Bitcoin for Construction Market Snapshot
9.5.1. Brazil Bitcoin for Construction Market
9.5.2. Mexico Bitcoin for Construction Market
9.5.3. Rest of Latin America Bitcoin for Construction Market
9.6. Rest of The World Bitcoin for Construction Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Advanced Micro Devices Inc. (USA) Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Ripple Labs Inc. (US)
10.2.3. Ethereum Foundation (Switzerland)
10.2.4. Bitfury Group (Netherlands)
10.2.5. Coinbase Global Inc. (US)
10.2.6. BitGo, Inc. (US)
10.2.7. Binance Holdings (China)
10.2.8. Canaan Creative (China)
10.2.9. Bitstamp Inc. (Luxemburg)
10.2.10. Ifinex Inc. (Hong Kong)
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

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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