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市場調查報告書
商品編碼
1876750
央行數位貨幣(CBDC)市場預測至2032年:按類型、模型、採用階段、組件、技術、應用、最終用戶和地區分類的全球分析Central Bank Digital Currency (CBDC) Market Forecasts to 2032 - Global Analysis By Type (Retail CBDC, Wholesale CBDC, and Hybrid CBDC), Model, Deployment Phase, Component, Technology, Application, End User and By Geography |
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根據 Stratistics MRC 的一項研究,預計到 2025 年,全球央行數位貨幣 (CBDC) 市場規模將達到 2,218.3 億美元,到 2032 年將達到 6,009.5 億美元,預測期內複合年成長率為 15.3%。
央行數位貨幣(CBDC)是由中央銀行控制和發行的,是該國法定貨幣的數位化版本。它為實體現金提供了一種安全高效的替代方案,能夠實現便捷的個人間和企業間交易。 CBDC旨在擴大資金取得範圍、加強支付系統並支持有效的貨幣政策,同時保持了傳統政府支持貨幣的信譽和穩定性。
支付現代化
各國央行正在考慮發行央行數位貨幣(CBDC),以提高交易速度、降低成本並增強金融包容性。區塊鏈、分散式帳本系統和代幣化等新興技術正在推動即時支付和可程式設計貨幣的發展。各國政府正在試點發行CBDC,以提高跨境支付效率並減少對中介機構的依賴。非接觸式支付和行動支付的興起進一步強化了主權數位貨幣的必要性。隨著數位錢包和嵌入式金融的興起,CBDC正成為確保金融體系面向未來的策略工具。
隱私問題
公民和民間團體對中央銀行追蹤個人消費行為的能力表示擔憂。如何在反洗錢透明度和用戶匿名性之間取得平衡,仍然是監管方面的一大挑戰。目前正在探索諸如零知識證明等先進加密技術來降低隱私風險。然而,公眾對數位貨幣管治的信任仍然脆弱,尤其是在資料保護法律薄弱的地區。這些擔憂可能導致數位貨幣部署進程延緩,並限制用戶接受度。
簡化證券結算
透過實現原子結算和降低交易對手風險,央行數位貨幣(CBDC)可望消除證券清算中對中介機構的需求。與智慧合約和代幣化資產的整合,可以實現即時貨到付款(DvP)機制。金融機構正在試行基於區塊鏈的結算層,以提高透明度並減少對帳錯誤。預計這一轉變將顯著降低營運成本並改善流動性管理。隨著法規結構的不斷完善,CBDC有望成為下一代金融市場基礎設施的基石。
網路安全漏洞
中央銀行必須投資強大的加密技術、多層認證和抗量子攻擊的安全通訊協定。央行數位貨幣(CBDC)與零售和批發銀行體系的整合擴大了攻擊面。新的風險包括智慧合約的濫用和第三方錢包提供者的漏洞。監管機構正在強制要求進行網路安全壓力測試和建立事件回應框架。如果不加強數位防禦,CBDC生態系統可能會面臨系統性的信任危機。
疫情加速了人們對非接觸式支付的興趣,並凸顯了現金的限制。封鎖措施和經濟獎勵策略凸顯了直接向民眾進行數位轉帳的必要性。試驗計畫迅速擴展,多個國家在危機期間啟動了概念驗證試驗。這一轉變也促進了公私合營,以建立可擴展的數位貨幣平台。疫情後,央行數位貨幣(CBDC)被視為經濟復甦和未來危機應變的關鍵基礎設施。
預計在預測期內,零售型央行數位貨幣(CBDC)細分市場將佔據最大的市場佔有率。
由於央行數位貨幣(CBDC)在日常交易中應用廣泛,預計零售CBDC領域將在預測期內佔據最大的市場佔有率。為銀行帳戶人群提供數位支付工具將有助於普惠金融。各國政府正優先發展零售CBDC,以減少對現金的依賴並提高貨幣政策傳導效率。關鍵發展趨勢包括行動錢包、離線交易功能和生物識別。中國和奈及利亞等國的零售試點計畫正在塑造全球推廣策略。
預計在預測期內,金融科技領域將實現最高的複合年成長率。
預計在預測期內,金融科技領域將憑藉其敏捷性和創新能力實現最高成長率。這些公司正在開發錢包解決方案、付款閘道和專用於央行數位貨幣(CBDC)整合的可程式設計介面。它們在連接中央銀行基礎設施和麵向消費者的應用方面發揮著日益重要的作用。金融科技公司與監管機構之間的策略合作正在促進建立沙盒環境,以進行快速實驗。新興趨勢包括人工智慧驅動的詐欺檢測、基於API的互通性以及嵌入式CBDC服務嵌入超級應用。
預計亞太地區將在預測期內維持最大的市場佔有率,這主要得益於各國央行的積極舉措和較高的數位化普及率。中國、印度和韓國等國家正在主導大規模央行數位貨幣(CBDC)試點計畫和基礎建設投資。該地區受益於強大的行動支付文化和政府支持的數位身分系統。基於QR碼的CBDC支付和線下交易模式等創新方式正日益普及。跨境CBDC走廊的區域合作也不斷加強,尤其是在東南亞國協之間。
預計在預測期內,北美將實現最高的複合年成長率,這主要得益於其強大的技術能力和監管發展。美國和加拿大正在投資研究聯盟和進行公眾諮詢,以製定央行數位貨幣(CBDC)框架。關鍵趨勢包括區塊鏈互通性、隱私保護架構以及與現有金融基礎設施的整合。該地區的金融科技生態系統正在積極建構零售和批發CBDC應用案例原型。監管政策的明朗化和網路安全措施的改進正在加速機構參與。
According to Stratistics MRC, the Global Central Bank Digital Currency (CBDC) Market is accounted for $221.83 billion in 2025 and is expected to reach $600.95 billion by 2032 growing at a CAGR of 15.3% during the forecast period. A Central Bank Digital Currency (CBDC) is a digital version of a nation's legal tender, managed and issued by its central bank. It offers a safe and efficient substitute for physical cash, allowing seamless peer-to-peer and business transactions. Designed to boost financial access, enhance payment systems, and support effective monetary policy, CBDCs uphold the reliability and stability of conventional government-backed currencies.
Payments modernization
Central banks are exploring CBDCs to enhance transaction speed, reduce costs, and improve financial inclusion. Emerging technologies such as blockchain, distributed ledger systems, and tokenization are enabling real-time settlement and programmable money. Governments are piloting CBDCs to streamline cross-border payments and reduce reliance on intermediaries. The rise of contactless and mobile payments is reinforcing the need for sovereign digital currencies. As digital wallets and embedded finance gain traction, CBDCs are becoming a strategic lever for future-ready monetary systems.
Privacy concerns
Citizens and advocacy groups are wary of central banks having visibility into individual spending behaviors. Balancing transparency for anti-money laundering with user anonymity remains a regulatory challenge. Advanced cryptographic techniques like zero-knowledge proofs are being explored to mitigate privacy risks. However, public trust in digital currency governance remains fragile, especially in regions with limited data protection laws. These apprehensions could slow down rollout timelines and limit user uptake.
Simplifying securities settlement
By enabling atomic settlement and reducing counterparty risk, they can eliminate the need for intermediaries in securities clearing. Integration with smart contracts and tokenized assets allows for real-time delivery-versus-payment (DvP) mechanisms. Financial institutions are piloting blockchain-based settlement layers to enhance transparency and reduce reconciliation errors. This shift could significantly lower operational costs and improve liquidity management. As regulatory frameworks evolve, CBDCs may become foundational to next-generation financial market infrastructure.
Cybersecurity vulnerabilities
Central banks must invest in robust encryption, multi-layered authentication, and quantum-resilient security protocols. The integration of CBDCs with retail and wholesale banking systems increases the attack surface. Emerging risks include smart contract exploits and vulnerabilities in third-party wallet providers. Regulatory bodies are mandating cybersecurity stress testing and incident response frameworks. Without fortified digital defenses, CBDC ecosystems could face systemic trust erosion.
The pandemic accelerated interest in contactless payments and highlighted the limitations of physical cash. Lockdowns and economic stimulus programs underscored the need for direct-to-citizen digital disbursement tools. Pilot programs expanded rapidly, with several countries launching proof-of-concept trials during the crisis. The shift also spurred collaboration between public and private sectors to build scalable digital currency platforms. Post-pandemic, CBDCs are viewed as critical infrastructure for economic recovery and future crisis preparedness.
The retail CBDC segment is expected to be the largest during the forecast period
The retail CBDC segment is expected to account for the largest market share during the forecast period, due to its broad applicability in everyday transactions. It supports financial inclusion by offering unbanked populations access to digital payment tools. Governments are prioritizing retail CBDCs to reduce cash dependency and enhance monetary policy transmission. Key developments include mobile-based wallets, offline transaction capabilities, and biometric authentication. Retail-focused pilots in countries like China and Nigeria are shaping global implementation strategies.
The FinTech Companies segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the FinTech Companies segment is predicted to witness the highest growth rate, driven by their agility and innovation capacity. These firms are developing wallet solutions, payment gateways, and programmable interfaces tailored for CBDC integration. Their role in bridging central bank infrastructure with consumer-facing applications is becoming increasingly vital. Strategic partnerships between FinTechs and regulators are fostering sandbox environments for rapid experimentation. Emerging trends include AI-powered fraud detection, API-based interoperability, and embedded CBDC services in super apps.
During the forecast period, the Asia Pacific region is expected to hold the largest market share, propelled by proactive central bank initiatives and high digital adoption rates. Countries like China, India, and South Korea are leading large-scale CBDC pilots and infrastructure investments. The region benefits from a strong mobile payments culture and government-backed digital identity systems. Innovations such as QR-based CBDC payments and offline transaction modes are gaining traction. Regional collaboration on cross-border CBDC corridors is also advancing, particularly among ASEAN economies.
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR, fuelled by robust technological capabilities and regulatory momentum. The U.S. and Canada are investing in research consortia and public consultations to shape CBDC frameworks. Key trends include blockchain interoperability, privacy-preserving architectures, and integration with existing financial rails. The region's FinTech ecosystem is actively prototyping retail and wholesale CBDC use cases. Regulatory clarity and cybersecurity readiness are accelerating institutional engagement.
Key players in the market
Some of the key players in Central Bank Digital Currency (CBDC) Market include Accenture, IBM, ConsenSys, R3, Ripple, Mastercard, Visa, SWIFT, Giesecke+, Thales, Digital Ass, Fireblocks, Temenos, Deloitte, and Microsoft.
In November 2025, IBM Consulting announced the opening of the inaugural Innovation Hub powered by Red Hat at IBM's Client Innovation Center in Bengaluru, India. Clients across the globe can now experience the benefits of Red Hat technologies at the new Innovation Hub, designed to provide a state-of-the-art experience to help our mutual clients accelerate their enterprise transformation through hybrid cloud and AI.
In October 2025, Accenture has acquired Decho, a UK-based technology and AI consultancy that helps organizations reinvent through the design, delivery and scaling of Palantir solutions. The acquisition further strengthens Accenture's strategic advisory and advanced engineering capabilities for Palantir solutions for clients across the health, government, defense and commercial sectors in the UK and beyond.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.