Wireless Communication Technology Adoption: A Leading Trend in the Blockchain Devices Market - Ledger, SatoshiLabs, SIRIN LABS, Pundi X, Genesis Coin

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Blockchain Devices Global Market Report 2023 identifies the increasing investments in blockchain technology is the major driver for the blockchain devices market's growth in the forecast period. There has been an increase in adoption and implementation of real-world blockchain solutions across a wide range of industries and businesses. Organizations have expanded their investments in blockchain technology, proving their dedication to the technology. For instance, according to Deloitte's 2020 Global Blockchain Survey, which surveyed approximately 1500 senior executives and practitioners from 14 countries, participants had a "broad understanding of blockchain, digital assets, and distributed ledger technology (DLT)." One of the most important findings of the survey is that blockchain technology is gradually becoming a true strategic priority for businesses. This was confirmed by 55% of respondents who stated that blockchain is crucial and among their top-five strategic goals, with 66% of executives predicting $1 million or more in investments in the next 12 months.

The global blockchain devices market size will grow from $0.67 billion in 2022 to $0.96 billion in 2023 at a compound annual growth rate (CAGR) of 43.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the blockchain devices is expected to grow to $4.07 billion in 2027 at a CAGR of 43.6%.

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Major competitors in the blockchain devices market are American Cord & Blockchain Devices Company, Belt-tech, Narrowtex, National Blockchain Devices Products, Tennessee Blockchain Devices Products, Ohio Plastics, Universal Blockchain Devices Products, Jiangsu Daxin Blockchain Devices, Inka Oy.

A key trend in the blockchain devices market includes adoption of wireless communication technology. Organizations are adopting next-generation wireless technologies believe to gain competitive advantage and enable innovation. For instance, according to a Deloitte survey in June 2020, networking executives view advanced wireless technologies as increasingly critical to their enterprise success. 86% of networking executives surveyed believed that advanced wireless will transform their company in three years. Furthermore, 57% percent respondents reported that their organization is currently in the process of adopting 5G and/or Wi-Fi 6, and 37% plan to adopt these technologies within the next year..

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The blockchain devices market is segmented -

1) By Type: Blockchain Smartphones, Crypto Hardware Wallets, Crypto Automated Teller Machines (ATMs), Point of Sales (POS) Terminals

2) By Connectivity: Wired, Wireless

3) By Application: Personal, Corporate

4) By End User: Consumer, BFSI, Government, Retail & E-commerce, Travel & Hospitality, Automotive, Transportation & Logistics, IT & Telecommunication, Others (Energy & Utilities, Education, Agriculture, Healthcare, Manufacturing)

5) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the blockchain devices market.

The Business Research Company's "Global Blockchain Devices Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Blockchain Devices Market Include:
1. Executive Summary
2. Blockchain Devices Market Characteristic
3. Blockchain Devices Market Trends And Strategies
4. Blockchain Devices Market - Macro Economic Scenario
5. Blockchain Devices Market Size And Growth
……………
27. Blockchain Devices Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Blockchain Devices Market
29. Blockchain Devices Market Future Outlook And Potential Analysis
30. Appendix

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