Hardware Wallet to reach USD 1,121.5 Million, with a 25.6% CAGR by 2030 - Report by Market Research Future (MRFR)

The major industrial players are highly driving the Hardware Wallet at the global level. Their presence in the various regions is propelling the regional growth of the market. The competitive nature between the players emerges its demand at the global level. The market players focus on the rising growth opportunities to help the market emerge with its developments. These players also check out the growth limiting factors, such as the challenging and restraining factors, so that it won't hamper the market's growth rate. There are a huge number of competitive leaders in different regions of the world.

The global hardware wallet was valued at USD 211.6 million in 2020 and projected to reach USD 1,121.5 million by 2028 with a CAGR of 25.6% during 2021-2028.

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Major Players Progressing In Different Regions:

The Asia Pacific region has a prominent number of market players. Biloxi (Hong Kong), CoolBitX Technology Ltd. (Taiwan), ELLIPAL Limited (Hong Kong), Penta Security Systems Inc. (South Korea), and CoolWallet (China) are the major players of the Asia Pacific region. Due to their presence, the Asia Pacific is progressing as the fastest-growing region. North American also has top players who are propelling its regional growth.

The market strategies implemented by the key players are boosting up the global Hardware Wallet. These prominent players also adopted organic and inorganic strategies like mergers, acquisitions, strategic alliances, partnerships, and product launches to maintain their competitive strategies. The leading players constantly focus on technological advancements to launch innovative products with advanced and upgraded features to meet the dynamic consumer needs.

The list of major companies across various regions of the world - ARCHOS (France), BitLox (Hong Kong), CoolBitX Technology Ltd. (Taiwan), ELLIPAL Limited (Hong Kong), Ledger SAS (France), OPOLO SARL (Luxembourg), Satoshi Labs SRO (Czech Republic), ShapeShift (US), Shift Crypto AG (Switzerland), Sugi (zSofitto NV) (Belgium), Coinkite Inc. (Canada), SHIFT Crypto security (Switzerland), Penta Security Systems Inc. (South Korea), CoolWallet (China), GRAVE (Belgium) and SecuX Technology Inc. (Taiwan)

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Based on Connection Type:

Near-field Communication (NFC)
Bluetooth
USB
Others

Based on End User:

Individual
Businesses

Based on Distribution Channel:

Online
Offline

Based on Region:

North America
Europe
Asia Pacific
Rest of the World

Intended Audience:

Hardware Wallet Manufacturing Companies
Potential Investors
Regulatory & Government Bodies
Research & Consulting Firms
Upstream & Downstream Vendors
End Users
Others

Key Developments of Hardware Wallet:

On 26th Oct 2021, CoolBitX, the International blockchain security company creator of the CoolWallet Pro, Bluetooth hardware wallet for DeFi users, announced a partnership with Crypto.com, the world's fastest-growing crypto platform. CoolWallet's official website integrated Crypto.com Pay, a powerful payment solution that offers cashback and other rewards to the users for paying and receiving payment in cryptocurrency and also provides integrated support for the CRO token.

On 11th June 2021, French start-up Ledger raised a value of USD 380 million Series C funding round led by 10T Holdings. Now the company reached a valuation of USD 1.5 billion. Other investors in the funding round include Associates, Dragon, Esprit, DCG, Cathay Innovation, Korelya Capital, and Wicklow Capital.

On 25th Feb 2021, GRAY, a Singapore-based company, announced its crypto hardware wallet line, the CORAZON, in aluminum variants. The CORAZON created and partnered with SatoshiLabs, the creators of Trezor, the leading hardware wallet.

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On 7th Jan 2019, Ledger, a global player in security and infrastructure solutions for cryptocurrencies and blockchain applications, unveiled the Ledger Nano X, a Bluetooth-enabled hardware wallet. The Ledger Nano X's new signature product improved on the Ledger Nano S; the hardware wallet sold over 1.5 million units, with enhanced and advanced security and an improved user experience and design.

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Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR's approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.

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