Early impacts of COVID-19 on Blockchain Devices Market - Key Players are Ledger SAS, SatoshiLabs s.r.o., Sirin Labs AG, Pundi X Labs Private Limited, HTC Corporation, Samsung Electronics

The global blockchain devices market share was valued at $0.3 billion in 2019 and is projected to reach $23.5 billion by 2030, exhibiting a CAGR of 48.7% during the forecast period (2020–2030). Among the types, crypto hardware wallets held the largest market share in 2019. However, crypto automated teller machines (ATMs) are expected to register fastest growth rate, of 54.8%, during the forecast period. Owing to the favorable government regulations regarding the installation of crypto ATMs, the demand for these ATMs is expected to increase in the coming years. North America and Europe are the major adopters of the Bitcoin ATMs; however, APAC is expected to generate high demand for crypto ATMs during the forecast period.

Major players in the global blockchain devices market are:
1. Ledger SAS
2. SatoshiLabs s.r.o.
3. Sirin Labs AG
4. Pundi X Labs Private Limited
5. HTC Corporation
6. Samsung Electronics Co. Ltd
7. Lamassu Industries AG
8. Blockchain Luxembourg S.A.
9. RIDDLE&CODE GmbH
10. GENERAL BYTES s.r.o.

Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/blockchain-devices-market/report-sample

In the near future, cryptocurrency is expected to rise as one of the promising payment modes for various retail applications, which, in turn, will drive the demand for blockchain hardware wallets and POS terminals. Currently, a number of companies, such as Subway Restaurants Inc., Virgin Group Ltd., Kentucky Fried Chicken Canada Company, Whole Foods Market Inc., Expedia Group Inc., RE/MAX LLC London, and Deutsche Telekom AG (T-Mobile Poland), accept or have previously accepted cryptocurrency as a mode of payment. According to organization CoinMap (division of SatoshiLabs s.r.o), there are over 13,000 active stores accepting cryptocurrency as a mode of payment. Several companies instantly convert the cryptocurrency into fiat currency (e.g., USD, GBP, and EUR) to tackle the fluctuations in prices of the cryptocurrency.

Together, North America and Europe are expected to account for over 85.6% share in the global blockchain devices market by 2030. This can be owing to the fact that new players are entering the market due to favorable government policies in terms of blockchain and emerging technologies.

Attributed to this, the adoption rate of the blockchain technology is highest in North America and Europe as compared to other regions. Awareness plays a major role in the blockchain devices market. The U.K., Germany, France, Switzerland, the Netherlands, and several other European countries are at the forefront in terms of adopting cryptocurrencies. Hereby, Europe is one of the largest contributors to the total number of cryptocurrency exchanges.

Make Enquiry Before Purchase at: https://www.psmarketresearch.com/send-enquiry?enquiry-url=blockchain-devices-market

Some other important players operating in the blockchain devices market are SatoshiLabs s.r.o., Sirin Labs AG, HTC Corporation, Samsung Electronics Co. Ltd., Lamassu Industries AG, Blockchain Luxembourg S.A., RIDDLE&CODE GmbH, and GENERAL BYTES s.r.o.

Contact: P&S Intelligence
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Blog: http://psintelligence.blogspot.com/

About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

This release was published on openPR.