DUBLIN, May 4, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Bitcoin Technology Market - Market Trends and Forecasts (2015 - 2020)" report to their offering.
The Global Bitcoin Technology Market is estimated to grow at a CAGR of 7.26%
Bitcoin, has paved the way for increased mainstream acceptance for the digital currency, which even has the potential for transforming global financial transactions. In the current scenario, most of the online merchants and startup companies have already started enjoying the anonymity and efficiency of bitcoin payments, which allows them to cut overhead costs compared to credit or debit cards transactions.
A booming economy and growing disposable income among middle income groups in the developing world has led Bitcoin technologies to gain traction and to be used as one of the medium of exchange in the region.
However, the recent regulations and directives imposed by the European banking authorities has hugely impacted the Bitcoin market in Europe. Whereas, owing to large number of bitcoin users, the market will witness growth in the North American region.
The global Bitcoin technology market has been broadly segmented on the basis of denominations used, services offered, industry verticals and geography. As per denominations, the market has been segregated into bitcoin (BTC), millibitcoin (mBTC), microbitcoin (uBTC) and satoshi. Whereas per services it has been segmented by bitcoin exchanges, remittance services, and payment & wallet services. Various industry verticals, where bitcoin is being used are mining, banking and financial services, entertainment and media.
Some of the major players mentioned in the report are Bitcoin.Travel, Amazon, Bitcoinshop.us, WordPress.com and Honest Brew.
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics 4.1 Introduction 4.1.1 Global Bitcoin Technology Market Overview 4.2 Drivers 4.2.1 Easy transaction process 4.2.2 Growing acceptance by different industry verticals 4.3 Restraints 4.3.1 Lack of awareness 4.3.2 Security issues 4.3.3 Complex to Use 4.4 Opportunities 4.4.1 Growth In Emerging Nations 4.4.2 Growth in MilliBitcoin 4.4.3 Growth in Privacy and Data Protection 4.5 Industry Attractiveness - Porter's 5 Force Analysis 4.5.1 Bargaining Power of Suppliers 4.5.2 Bargaining Power of Buyers 4.5.3 Threat of New Entrants 4.5.4 Threat of Substitute Products or Services 4.5.5 Competitive Rivalry among Existing Competitors
5. Global Bitcoin Technology Market Analysis & Forecast
5.1 Global Market - Segmented By Denominations
5.1.1 Bitcoin - BTC
5.1.2 MilliBitcoin - mBTC
5.1.3 MicroBitcoin - uBTC
5.2 Global Market - Segmented By Services
5.2.1 Bitcoin Exchanges
5.2.2 Remittance Services
5.2.3 Payment & Wallet Services
5.3 Global Market - Segmented By Industry Verticals
5.3.2 Banking & Financial
5.3.3 Entertainment & Media
5.4 Global Market - Segmented By Region
5.4.1 North America
5.4.3 Asia Pacific
5.4.4 Rest of the World
6. Competitive Intelligence - Company Profiles 6.1 Bitcoin.Travel 6.2 Amazon 6.3 WordPress.com 6.4 Dell 6.5 Bitcoinshop.us 6.6 Air Lithuania 6.7 Honest Brew 6.8 Subway
7. Future of Bitcoin Technology Market
For more information visit http://www.researchandmarkets.com/research/ns9q2v/global_bitcoin
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SOURCE Research and Markets