Global market research providers, Research and Markets has announced that it will be adding a “Global Bitcoin Technology Market – Market Trends and Forecasts (2015 – 2020)” report to the services they offer.
Following the uptake of cryptocurrencies and blockchain technology, the Global Bitcoin Technology Market is estimated to grow at a CAGR of 7.26%. An economic boom and growing disposable income among middle income groups in the developing world has led to bitcoin becoming a favoured transaction option. Recent regulations and directives imposed by the European banking authorities has hugely impacted the bitcoin market in Europe; however, owing to large number of bitcoin users, the market is expected to grow in the North American region.
The report is organized into different sections, some based on the size of denominations used, services offered, industry verticals or geography. Denominations range from bitcoin to satoshi, whereas services has been segmented by bitcoin exchanges, remittance services, and payment & wallet services. Various industry verticals include where bitcoin is being used are mining, banking and financial services, entertainment and media. Some of the prominent companies that the report covers include Bitcoin.Travel, Amazon, Bitcoinshop.us, WordPress.com and Honest Brew.
Aside from these more specific sections, the report also gives more general outlooks, such as a ‘Global Bitcoin Technology Market Overview’, security issues, ‘Global Bitcoin Technology Market Analysis & Forecast’ and ‘Industry Attractiveness – Porter’s 5 Force Analysis’.