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Blockchain Device Market: Product Development Strategies by Industry Giants- Ledger SAS, HTC Corporation, Pundi X Labs Private Limited, Filament, GENERAL BYTES R.O., RIDDLE&CODE, AVADO, Sikur, SIRIN LABS

06-01-2020 09:12 AM CET | IT, New Media & Software

Press release from: Allied Market Research

Blockchain Device Market

Blockchain Device Market

The global blockchain device market fduring 2020-2027 is experiencing a significant growth, and is expected to grow significantly in the coming years, According to new research report by Allied Market Research.

Key players of the blockchain device market analyzed in the research include Ledger SAS, HTC Corporation, Pundi X Labs Private Limited, Filament, GENERAL BYTES R.O., RIDDLE&CODE, AVADO, Sikur, SIRIN LABS, Blockchain Luxembourg S.A., SatoshiLabs, Genesis Coin Inc., and Lamassu Industries AG and others. They have adopted various strategies including new product launches, collaborations, partnerships, mergers & acquisitions, joint ventures, agreements, and others to gain a stronghold and international presence across the world.

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Key benefits of the report:

o This study presents the analytical depiction of the global blockchain device industry along with the current trends and future estimations to determine the imminent investment pockets.

o The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global blockchain device market share.

o The current market is quantitatively analyzed from 2020 to 2027 to highlight the global blockchain device market growth scenario.

o Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.

o The report provides a detailed global blockchain device market analysis based on competitive intensity and how the competition will take shape in coming years.

Top impacting factors:

Factors such as growing need for faster and seamless monetary transactions, increasing demand for blockchain technology in supplychain management, and growing demand for cryptocurrency act as major drivers for the blockchain device market.

Furthermore, acceptance of cryptocurrency in different industry verticals, increasing adoption of blockchain technology for payment, smart contracts & digital identity, and increasing government regulations and initiative regarding blockchain technology and devices are expected to offer lucrative opportunities to the market globally.

Get detailed COVID-19 impact analysis on the Blockchain Device Market:

The global blockchain device market trends are as follows:

1. Strategies used by market player to increase the industry demand

New products that contain improved capabilities have been launched by the leading market players. They have taken necessary steps to improve the technology. For instance, HTC in October 2019 launched its blockchain smartphone. The smartphone runs a full bitcoin node, allowing it to propagate respective transactions.

2. Growing adoption of blockchain technology0

Adoption of blockchain technology by various industries and companies in order to strengthen their operations and improvise their monetary transactions & security has driven the market globally. These devices provide safety & security in various applications such as exchanging data, monitory transactions, and transferring of vital information. The BFSI sector is quite prone to monetary frauds and errors, which is the reason the sector has over the period, dominated the blockchain device market share.

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Segments covered in the report

Type, Connectivity, Application, And Region

Geographies covered in the report

North America (US, Mexico, and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia Pacific), LATAM (Brazil, Mexico, and the Rest of LATAM), and MEA (Dubai, UAE, Kuwait, South Africa, Nigeria and Rest of MEA).

Key segments:


o Blockchain smartphones
o Crypto hardware wallets
o Crypto ATMs
o POS devices
o Others


o Wired
o Wireless


o Automotive
o Transportation &Logistics
o Retail
o IT & Telecommunication
o Government & BFSI
o Others
o Corporate

Questions answered in the Blockchain device Market research report:

o What are the leading market players active in the blockchain device market?

o What are the current blockchain device market trends that will influence the market in the next few years?

o What are the driving factors, restraints, and opportunities in the market?

o What are the projections for the future that would help in taking further strategic steps?

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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