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Global Blockchain Devices Industry Report 2019-2024 – World Market to Grow from $218M in 2019 to $1.2+ Billion by 2024 – GlobeNewswire


Dublin, Nov. 15, 2019 (GLOBE NEWSWIRE) — The “Blockchain Devices Market by Type (Blockchain Smartphones, Crypto Hardware Wallets, Crypto ATMs, POS Devices, & Others), Connectivity (Wired & Wireless), Application (Personal & Corporate), and Geography – Global Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.

The blockchain devices market is projected to grow from USD 218 million in 2019 to USD 1,285 million by 2024, at a CAGR of 42.5% from 2019 to 2024.

Ledger SAS (France), HTC Corporation (Taiwan), Pundi X Labs Private Limited (Singapore), Filament (US), GENERAL BYTES R.O. (Czech Republic), RIDDLE&CODE (Austria), AVADO (Switzerland), Sikur (US), SIRIN LABS (Switzerland), Blockchain Luxembourg S.A. (UK), SatoshiLabs (Czech Republic), Genesis Coin Inc. (US), and Lamassu Industries AG (Switzerland) are some of the major players in the blockchain devices market.

Blockchain devices market to grow at CAGR of 42.5% from 2019 to 2024

Some of the major growth drivers for this market include increasing adoption of blockchain technology in retail & supply chain management, rising venture capital funding, and growing market cap for cryptocurrency and Initial Coin Offering (ICO). One of the key opportunities for the market is the increasing acceptance of cryptocurrency across various industries and regions. Whereas, major factors restraining the market growth include uncertain regulations & compliances and lack of awareness.

Crypto hardware wallets segment to hold the largest share of blockchain devices market during the forecast period

Crypto hardware wallets are among the most secure methods of storing cryptocurrencies. They contain a range of security features to protect digital currency keys. These wallets allow traders to store the keys safely and also protect the information from malware. Crypto hardware wallets are protected using PINs. They also include other security features such as a screen for viewing transaction details and buttons to verify the transactions manually. Companies such as Ledger (France), Cylance (US), Blockchain Luxembourg S.A. (UK), and KASSE (US) are among the frontrunners in the development of crypto hardware wallets for the blockchain devices market.

Among the applications, the market for corporate to hold the largest share of Blockchain devices market from 2019 to 2024

Devices such as crypto ATMs, PoS devices, crypto hardware wallets, etc. are majorly used by corporate users to access blockchain from their systems. PoS devices are used in the retail industry to carry out payments while other devices such as crypto ATMs, crypto hardware wallets, and blockchain gateways are used in different industry verticals such as BFSI, government, retail & e-commerce, travel & hospitality, automotive, transportation & logistics, IT & telecommunication, etc. to make their existing networks blockchain-enabled. Several traders use crypto hardware wallets to store their private keys, carry out payments, save smart contracts, and share data.

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The Blockchain Devices market in APAC to grow at the highest CAGR during the forecast period.

APAC is expected to be the largest blockchain devices market during the forecast period. This market is divided further into China, Japan, South Korea, India, Singapore, and the Rest of APAC. The Rest of APAC includes Malaysia, Thailand, Australia, and New Zealand. China is the largest market among all APAC countries. China, Japan, South Korea, and Singapore are witnessing growth in the blockchain devices and its start-ups. Various major industry such as BFSI, government, retail industries in this region is rapidly deploying blockchain devices in their networks.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Market
4.2 Market, By Type
4.3 Wireless Blockchain Devices Market, By Type
4.4 Market in APAC, By Type and Country
4.5 Market, By Geography

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Faster Transaction
5.2.1.2 Increasing Adoption of Blockchain Technology in Retail &, Supply Chain Management
5.2.1.3 Increasing Venture Capital Funding
5.2.1.4 Growing Market Cap for Cryptocurrency and Initial Coin Offering (ICO)
5.2.2 Restraints
5.2.2.1 Uncertain Regulations and Compliances
5.2.2.2 Lack of Awareness
5.2.3 Opportunities
5.2.3.1 Increasing Acceptance of Cryptocurrency Across Various Industries as Well as Regions
5.2.3.2 Anticipated Adoption of Blockchain Devices for Payments, Smart Contracts, and Digital Identity
5.2.3.3 Increasing Number of Government Initiatives for Adopting Blockchain Technology and Devices
5.2.4 Challenges
5.2.4.1 Issues Related to Security, Privacy, and Control
5.3 Types of Blockchain
5.3.1 Public Blockchain
5.3.2 Private Blockchain
5.3.3 Hybrid Blockchain
5.4 Blockchain Associations and Consortiums
5.4.1 Enterprise Ethereum Alliance
5.4.2 CLS Group
5.4.3 R3ce V Blockchain Consortium
5.4.4 Hyperledger
5.4.5 Global Payments Steering Group (GPSG)
5.4.6 Financial Blockchain Shenzhen Consortium (FBSC)
5.4.7 Culedger
5.4.8 Blockchain Collaborative Consortium (BCCC)
5.4.9 Global Blockchain Business Council
5.4.10 Wall Street Blockchain Alliance (WSBA)

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6 Blockchain Devices Market, By Type
6.1 Introduction
6.2 Blockchain Smartphones
6.2.1 Need for Safe Storage and Ease of Transfer of Cryptocurrencies Drive the Market for Blockchain Smartphones
6.3 Crypto Hardware Wallets
6.3.1 Increasing Need of Wallets to Save the Private Keys
6.4 Crypto ATMs
6.4.1 One-Way Crypto ATMs
6.4.1.1 Exchange of Cryptocurrencies Drive the Market for Crypto ATMs
6.4.2 Two-Way Crypto ATMs
6.4.2.1 Two-Way is the Fastest Growing Market for Crypto ATMs
6.5 POS Devices
6.5.1 Easy and Fast Transactions of Cryptocurrencies Drive the Market for POS Device
6.6 Others

7 Blockchain Devices Market, By Connectivity
7.1 Introduction
7.2 Wired
7.2.1 Wired Held the Largest Share of Blockchain Device
7.3 Wireless
7.3.1 Wireless Connectivity is the Fastest Growing Market for Blockchain Devices

8 Blockchain Devices Market, By Application
8.1 Introduction
8.2 Personal
8.2.1 Increasing Use of Crypto Hardware Wallets for Personal Use Drive the Market
8.3 Corporate
8.3.1 BFSI
8.3.1.1 Increasing Need to Secure Business Transactions to Drive the Demand for Blockchain Device in the BFSI
8.3.2 Government
8.3.2.1 Government Agencies are Deploying Blockchain Devices to Improve the Transparency and Efficiency in Operations
8.3.3 Retail & E-Commerce
8.3.3.1 The Need to Enhance Customer Experience Driving the Adoption of Blockchain in the Retail and eCommerce Vertical
8.3.4 Travel & Hospitality
8.3.4.1 Increasing Need for Blockchain Applications Across Travel and Hospitality Start-Ups to Manage Internal Processes and Inventories
8.3.5 Automotive
8.3.5.1 Increasing Demand for Digital Identity of Vehicles Drive the Blockchain Device Market
8.3.6 Transportation & Logistics
8.3.6.1 Need for Blockchain Technology to Maintain Transparency and Security of Goods and Raw Materials Across Transport and Logistics Industry Vertical
8.3.7 It & Telecommunication
8.3.7.1 IoT and 5G to Create Great Market Opportunity for Blockchain in the It and Telecommunication Vertical
8.3.8 Others

9 Regional Analysis
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 US A Major Contributor of Blockchain Device Market in North America
9.2.2 Canada
9.2.2.1 Canada Holds the Significant Growth Opportunity for Market in North America
9.2.3 Mexico
9.2.3.1 Mexico Expected to Grow at The Fastest Rate
9.3 Europe
9.3.1 Germany
9.3.1.1 Company Initiatives to Drive Blockchain Device in Germany
9.3.2 UK
9.3.2.1 UK to Account for the Largest Share of Blockchain Devices in Europe
9.3.3 France
9.3.3.1 France is the Fastest Growing Market for Blockchain Devices
9.3.4 Austria
9.3.4.1 Increasing Initiatives By Public & Private Sector for Deploying the Blockchain Devices
9.3.5 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.1.1 China Held the Largest Share of Blockchain Device
9.4.2 Japan
9.4.2.1 Japan to Provide Attractive Opportunity for Blockchain Device
9.4.3 South Korea
9.4.3.1 Government Initiatives to Drive the Blockchain Devices in South Korea
9.4.4 India
9.4.4.1 Government Initiated Blockchain Project to Drive Blockchain Devices Market in India
9.4.5 Singapore
9.4.5.1 Increasing Adoption of Blockchain Devices in Retails Industry Drive the Market
9.4.6 Rest of Asia Pacific
9.5 Rest of the World
9.5.1 South America
9.5.1.1 South America to Be Fastest Growing Region for Blockchain Devices
9.5.2 Middle East & Africa
9.5.2.1 Turkey, Israel and South Africa are Expected to Be the Major Contributors of Blockchain Device Market in MEA

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10 Competitive Landscape
10.1 Overview
10.2 Ranking Analysis of Key Players in the Market
10.3 Competitive Situations and Trends
10.3.1 Product Launches
10.3.2 Agreements, Partnerships, Collaborations, & Contracts
10.3.3 Expansions
10.4 Competitive Leadership Mapping, 2018
10.4.1 Visionary Leaders
10.4.2 Dynamic Differentiators
10.4.3 Innovators
10.4.4 Emerging Companies

11 Company Profiles
Business Overview, Products Offered, Recent Developments, SWOT Analysis
11.1 Key Players
11.1.1 Ledger SAS
11.1.2 HTC
11.1.3 Pundi X
11.1.4 Filament
11.1.5 General Bytes R.O.
11.1.6 Riddle&Code
11.1.7 Avado
11.1.8 Sikur
11.1.9 Sirin Labs
11.1.10 Blockchain Luxembourg S.A.
11.1.11 Satoshilabs S.R.O.
11.1.12 Genesis Coin Inc.
11.1.13 Lamassu Industries AG
11.2 Other Companies
11.2.1 Samsung Electronics
11.2.2 Shapeshift
11.2.3 Coolbitx
11.2.4 Bitaccess
11.2.5 Covault
11.2.6 Ellipal Limited

For more information about this report visit https://www.researchandmarkets.com/r/pvpsb7

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