Press release
Hardware Wallet Market Technology Outlook with Emerging Growth Factors 2020 - Gray Tech International Private, KeepKey, Ledger SAS, SatoshiLabs
The Insight Partners
The devices that store private keys for cryptocurrencies offline in an encrypted device is known as hardware wallet. With the increasing users of cryptocurrency, hardware wallet market is also estimated to grow as people move to secure their cryptocurrency holding. With the increasing investments in this market, the key players are focusing on innovation with devices supporting wireless technologies and multiple currencies.
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The increasing usage of cryptocurrency for secure and fast transaction for global trading, is the significant factor driving the growth of the hardware wallet market. However, lack of awareness and general understanding regarding cryptocurrencies is the factor which may restrain the growth of the hardware wallet market. In addition, rise in investment in cryptocurrency is anticipated to boost the growth of the hardware wallet market globally.
The "Global Hardware Wallet Market Analysis to 2027" is a specialized and in-depth study of the hardware wallet market with a special focus on the global market trend analysis. The report aims to provide an overview of hardware wallet market with detailed market segmentation by connection type, distribution channel, end-user. The global hardware wallet market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading hardware wallet market players and offers key trends and opportunities in the hardware wallet market.
Top Emerging Brands in Hardware Wallet Market are-
- Coinkite Inc.
- CoolBitX
- ELLIPAL
- Gray Tech International Private Limited
- KeepKey
- Ledger SAS
- SatoshiLabs s.r.o.
- Shift Cryptosecurity AG
The global hardware wallet market is segmented on the basis of connection type, distribution channel, end-user. On the basis of connection type, the market is segmented as near field communication (NFC), USB, Bluetooth. On the basis of distribution channel, the market is segmented as online, offline. On the basis of end user, the market is segmented as banking, government, enterprise, mobile, others.
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