Hardware Wallet Market 2022-2027, Trends, Industry Size, Share, Report, Analysis and Forecast
According to the latest report by IMARC Group, titled “Hardware Wallet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global hardware wallet market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Hardware
Wallets Market Trends and Drivers:
The
increasing investments in cryptocurrency-based devices for fast and secure
transactions are primarily driving the hardware wallet market. Additionally,
the growing utilization of near-field communication (NFC) for wireless data
transferring is further catalyzing the market growth.
Besides
this, the widespread adoption of wireless hardware wallets, owing to their
various associated benefits, such as direct control, long-term storage,
flexibility, security, etc., is acting as another significant growth-inducing
factor.
Moreover,
numerous other factors, including the emerging trend of digital and cashless
payments, the rising integration of distributed ledger technology and
blockchain for ensuring transparency by minimizing the risks of hacking and
other fraudulent activities, the launch of hardware wallet apps for simplifying
cryptocurrencies exchange, etc., are also positively influencing the global
market.
Apart from
this, the introduction of bitcoin lite and bitcoin cash is anticipated to fuel
the hardware wallet market over the forecasted period.
Hardware Wallets Market Report Scope | |
Report Coverage | Details |
Market size value in 2021 | US$ 251.6 Million |
Market forecast in 2027 | US$ 1,148.50 Million |
Growth Rate | CAGR of 27.20% from 2022 to 2027 |
Base year for estimation | 2021 |
Historical data | 2016-2021 |
Forecast period | 2022-2027 |
Global Hardware Wallets Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Archos,
BitLox Limited, Coinkite Inc., CoolBitX, ELLIPAL Limited, Ledger SAS, OPOLO
SARL, Penta Security Systems Inc., SatoshiLabs s.r.o., ShapeShift, Shift Crypto
AG and Sugi (Sofitto NV).
The report has segmented the market on the
basis of region, type, connection type, distribution channel and end user.
Breakup by Type:
· Hot
Wallet
· Cold
Wallet
Breakup by Connection Type:
· Near-field
Communication (NFC)
· Bluetooth
· USB
Breakup by
Distribution Channel:
· Online
· Offline
Breakup by End User:
· Commercial
· Individual
Breakup by
Region:
- North America: (United States,
Canada)
- Asia Pacific: (China,
Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United
Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico,
Others)
- Middle East and Africa
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the
Competitive Landscape
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