'CBDC Transaction Volume to Reach 7.8 Billion by 2031'
KEY STATISTICS
Transaction value in 2024:
$225.2bn
Transaction value in 2031:
$1.6tn
2024 to 2031 market growth:
612%
Forecast period:
2024-2031
Overview
Our CBDCs (Central Bank Digital Currency) & Stablecoin research suite provides a detailed and insightful analysis of this evolving market; enabling stakeholders such as central banks, commercial banks, stablecoin issuers and payment service providers to understand future growth, key trends and the competitive environment. This includes an analysis of possible design choices in the development of CBDCs and the current state of digital currency regulatory frameworks around the globe. The report also discusses how wholesale CBDCs can strengthen monetary sovereignty and how retail CBDCs can increase financial inclusion and facilitate participation in digital finance among unbanked populations.
The suite includes several different options that can be purchased separately, including access to data mapping the future growth of CBDC & stablecoin transactions; an insightful study uncovering the latest trends and opportunities within the financial markets. It also includes a document containing extensive analysis of the 14 market leaders in the CBDC space. The coverage can also be purchased as a Full Research Suite, containing all of these elements, at a substantial discount.
Collectively, they provide a critical tool for understanding this rapidly emerging market; allowing stakeholders in the CBDC and stablecoins market to shape their future strategy. Its unparalleled coverage makes this research suite an incredibly useful resource for charting the future of such an uncertain and fast-growing market.
Key Features
Market Dynamics: Insights into key trends and market expansion challenges within the CBDC & stablecoin market, including drivers and barriers for CBDC and stablecoin adoption. The report addresses the challenges that the cross-border payments sector faces regarding transaction costs; how incorporating interoperability is key when building CBDCs; and the interplay between CBDCs and stablecoins in financial markets. The research also features a Country Readiness Index on the current development and segment growth of the CBDC & stablecoins market across 8 key regions, as well as providing a future outlook.
Key Takeaways & Strategic Recommendations: In-depth analysis of key development opportunities and findings within the CBDC & stablecoins market, accompanied by strategic recommendations for stakeholders.
Benchmark Industry Forecasts: The CBDC & stablecoins dataset includes forecasts for total value of the CBDC & stablecoin market, including the total expected savings that can be gained using these payments method, and the transaction volume of various market segments.
Juniper Research Competitor Leaderboard: Key market player capability and capacity assessment for 14 CBDC vendors, via the Juniper Research Competitor Leaderboard; featuring market size for major players in the CBDC development industry.
SAMPLE VIEW
Market Data & Forecasting Report:
The numbers tell you what's happening, but our written report details why, alongside the methodologies.
Market Trends & Strategies Report:
A comprehensive analysis of the current market landscape, alongside strategic recommendations.
Market Data & Forecasting Report
The market-leading research suite for the CBDCs and Stablecoin market includes access to the full set of forecast data of 95 tables and 45,600 datapoints. Metrics in the research suite include:
Total Transaction Volume, Value, and Savings Received from the CBDC Market
Total Transaction Volume, Value, and Savings Received from the Stablecoin Market
Total Transaction Volume and Value of the CBDC and Stablecoin Market, Split by the following Market Segments:
Domestic Consumer Transactions
Domestic B2B Transactions
Cross-border Consumer Transactions
Cross-Border B2B Transactions
Juniper Research Interactive Forecast Excel contains the following functionality:
Statistics Analysis: Users benefit from the ability to search for specific metrics, displayed for all regions and countries across the data period. Graphs are easily modified and can be exported to the clipboard.
Country Data Tool: This tool lets users look at metrics for all regions and countries in the forecast period. Users can refine the metrics displayed via a search bar.
Country Comparison Tool: Users can select and compare specific countries. The ability to export graphs is included in this tool.
What-if Analysis: Here, users can compare forecast metrics against their own assumptions, via five interactive scenarios.
Market Trends & Strategies Report
This report examines the CBDC & Stablecoin market landscape in detail; assessing trends and factors shaping the evolution of this rapidly growing market. The report delivers comprehensive analysis of the strategic opportunities for CBDC vendors; addressing key verticals and developing challenges, and highlighting how stakeholders should navigate these. It also includes evaluation of key country-level opportunities for stakeholders in the CBDC & stablecoins market.
Competitor Leaderboard Report
The Competitor Leaderboard report provides a detailed evaluation and market positioning for 14 leading vendors in the CBDC space. The vendors are positioned as established leaders, leading challengers, or disruptors and challengers, based on capacity and capability assessments:
Accenture
Bitt
Consensys
eCurrency
EMTECH
FIS
Giesecke + Devrient
IDEMIA
Mastercard
Nahmii
R3
Ripple
Soramitsu
Stellar
This document is centred around the Juniper Research Competitor Leaderboard; a vendor positioning tool that provides an at-a-glance view of the competitive landscape in a market, backed by a robust methodology.
Table of Contents
Market Trends & Strategies
1. Key Takeaways & Strategic Recommendations
1.1. Key Takeaways
1.2. Strategic Recommendations
2. Market Landscape
2.1. Introduction
2.2. History of CBDCs and Stablecoins
2.3. Key Trends and Drivers
2.3.1. Stablecoin Use has an Outsized Disruptive Impact on the Financial Landscape
2.3.2. The Role of Regulations in Guiding Digital Currencies
2.3.3. Emerging Nations Have the Most to Gain from Developing rCBDCs
2.3.4. Advanced Cryptographic Methods Necessary to Preserve Privacy
2.3.5. How Could Smart Contracts Transform the Economy?
i. Subscriptions
ii. Liquidity Management
iii. DvP (Delivery Versus Payment)
iv. (PVP) Payment Versus Payment
v. M2M (Machine-to-Machine) Payments
3. Segment Analysis
3.1. Retail CBDCs
Figure 3.1: The Status of Retail CBDCs Worldwide as of September 2024
3.1.1. Why Develop a Retail CBDC?
Figure 3.2: Potential Goals of Retail CBDC Development
3.1.2. Potential Goals/Motives of CBDC Development
i. Geopolitics
ii. Enhance Cross-border Payments
iii. Financial Inclusion in the Digital Economy
iv. Retaining Monetary Sovereignty
Figure 3.3: Design Principles for a Digital Pound
3.1.3. High-level Technological Analysis: Design Choices for CBDCs
3.1.4. What Are the Potential Barriers to Adoption?
Figure 3.4: CBDC Features Compared to Physical Cash
3.2. Wholesale CBDCs
Figure 3.5: Status of Wholesale CBDCs Worldwide as of September 2024
3.2.1. The Evolution of Wholesale Payment Systems
Figure 3.6: How Wholesale Bank Payments Happen Today
i. What Are the Inefficiencies in this System?
3.2.2. How Can Wholesale CBDCs Address This?
Figure 3.7: Objectives of Wholesale CBDC Development
3.2.3. Current wCBDC Cross-border Projects
Figure 3.8: The Project Agora Platform
3.2.4. Alternatives to Wholesale CBDC Development
3.3. Stablecoins
3.3.1. Key Actors in the Stablecoin Market
i. What Are the Use Cases of Stablecoins?
Figure 3.9: Use Cases for Stablecoins
ii. What Are Future Use Cases for Stablecoins?
3.4. The Interplay Between Stablecoins and CBDCs
4. Country Readiness Index
4.1. Introduction to the Country Readiness Index
Figure 4.1: CBDC and Stablecoin Country Readiness Index Regional Definitions
Figure 4.2: Juniper Research Country Readiness Index Scoring Criteria: CBDC and Stablecoins
Figure 4.3: Juniper Research Country Readiness Index: Global CBDC and Stablecoin Market
Figure 4.4: CBDC and Stablecoin Country Readiness Index: Market Segments
4.1.1. Focus Market
i. The Strength of BRICS
Figure 4.5: Total CBDC & Stablecoin Market Value per Annum ($m), Split by Seven Key Markets, 2024-2031
ii. West Europe and the Digital Euro
iii. Japan
iv. The US
v. China
4.1.2. Growth Market
Figure 4.6: Total Value of CBDCs and Stablecoins in Growth Markets, ($m), By Country 2024-2031
i. Prioritising Wholesale over Retail CBDC Development