Global Bitcoin Technology Market - Market Trends And Forecasts 2023


Report ID : RC-4954 Category : Retail Published Date : Jan-2019
Publisher : S-AND-P Pages : 187 Format : PDF
Over the last decade, the world of digital currencies underwent the major transformation with the introduction of Bitcoins in the market. Bitcoin is a decentralized cryptocurrency, purely peer-to-peer version of electronic cash used for online transactions through digital unit of exchange, where a user can make transaction without any middlemen. Transactions made are processed through private network of computers, linked through shared program and simultaneously it gets verified and recorded in public distributed ledger, called the book chain. Bitcoin is the most prominent triple entry bookkeeping system in existence.  Some of the key benefits of using bitcoin are: there are no intermediaries or third party involved in, to interrupt, lesser transaction fees, multimode payments methods, daily cash outs and others.

Bitcoin, have paved the way for increased mainstream acceptance for the digital currency, which even has the potential for transforming global financial transactions. In 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.

The Global Bitcoin Technology Market is estimated to grow at a CAGR of 7.26% over the period 2017 - 2022. Booming economy and growing disposable income among middle income group in 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 America region.  
Table of Content
1. Introduction
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
5.1.4 Satoshi
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
5.3.1 Mining
5.3.2 Banking & Financial
5.3.3 Entertainment & Media
5.3.4 Others
5.4 Global Market – Segmented By Region
5.4.1 North America
5.4.2 Europe
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
8. Appendix
8.1 Abbreviations
8.2 Sources
8.3 Bibliography
8.4 Disclaimer

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