Blockchain Devices market forecast 2023-2032 - major trends, lucrative segments and fastest growing regions

As per The Business Research Company's Blockchain Devices Opportunities And Strategies Market Report 2023, The global blockchain devices market size grew from $94.2 million in 2016 to $466.4 million in 2021 at a compound annual growth rate (CAGR) of 37.3%. The global blockchain devices market size is expected to grow from $466.4 million in 2021 to $2,359.2 million in 2026 at a CAGR of 38.3%, and to $11,099.6 million in 2031 at a CAGR of 36.3%.

The increase in investments by venture capitalists in blockchain-focused companies will support the development of blockchain devices going forward. Venture capital financing can provide a start-up or young business with a valuable source of guidance and consultation. This can help with a variety of business decisions, including financial management and human resource management. For example, in June 2022, Binance Labs, a Cayman Islands-based venture capital arm of cryptocurrency exchange Binance, raised $500 million for its investment fund focused on companies involved in the blockchain and Web3 spaces. In May 2021, Circle, a US-based internet finance company built on blockchain technology, raised $440 million in financing with an aim to build a new generation of blockchain-enabled payment services. Therefore, the increasing venture capital funding will support the growth of the blockchain devices market in the forecast period.

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Companies in the blockchain devices market are shifting from wired technologies to wireless technologies and are developing wireless blockchain devices. This can be attributed to the advantages such as improved convenience, mobility and security and reduced costs offered by wireless devices. For example, BrilliantTS, a South Korea-based consumer electronics company, has launched its FuzeW-wireless bitcoin hardware wallet, which can connect to a laptop or a mobile device via a Bluetooth connection. Ledger SAS, a France-based company developing security and infrastructure solutions for cryptocurrencies, has introduced Ledger Nano X, a wireless-enabled wireless hardware wallet with enhanced mobility and security features. Some of the companies offering blockchain-based wireless POS (point of sale) terminals include Cyclebit, Elly, Whitepay, and NowPayments.

Opportunities -The top growth potential in the blockchain devices market by type will arise in the Crypto Automated Teller Machines (ATMs) segment, which will gain $1,046.6 millions of global annual sales by 2026. The top growth potential in the blockchain devices market by connectivity will arise in the wired segment, which will gain $985.8 millions of global annual sales by 2026. The top growth potential in the blockchain devices market by application will arise in the corporate segment, which will gain $997.4 millions of global annual sales by 2026. The top growth potential in the blockchain devices market by end-user will arise in the BFSI segment, which will gain $764.8 millions of global annual sales by 2026. The blockchain devices market size will gain the most in the USA at $837.9 million.
Blockchain Devices Market Segmentation:
The Blockchain Devices market is segmented

By Type -
The blockchain devices market is segmented by type:
a) Blockchain Smartphones
b) Crypto Hardware Wallets
c) Crypto Software Wallets
d) Crypto Automated Teller Machines (Atms)
e) Point Of Sale (Pos) Terminals

By Connectivity -
The blockchain devices market is segmented by connectivity:
a) Wired
b) Wireless

By Application -
The blockchain devices market is segmented by application:
a) Personal
b) Corporate

Major players in the Blockchain Devices market include HTC Corporation, Sirin Labs AG, Ledger SAS, ELLIPAL, CoolBitX Ltd

The regions covered in the global Blockchain Devices market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Blockchain Devices Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Blockchain Devices Market Report Table Of Content

1. Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
................................................................
19. Company Profiles
20. Key Mergers And Acquisitions
21. Opportunities And Strategies
22. Blockchain Devices Market, Conclusions And Recommendations
23. Appendix

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