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Cryptocurrency Hardware Wallet Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports
Cryptocurrency Hardware Wallet MarketThe global Cryptocurrency Hardware Wallet market was valued at US$ 292.3 million in 2022 and is anticipated to reach US$ 1669.3 million by 2029, witnessing a CAGR of 33.7% during the forecast period 2023-2029. To communicate with electronic applications, the hardware wallet gadget uses technologies like near-field communication and Bluetooth. Due to the growth in demand for digital currencies or cryptocurrencies for trade, this gadget is widely used on a business basis. Furthermore, the wallet programs have been updated with a hacked and theft-free module, making devices impervious to any potential threats. In comparison to software, paper wallets, and web wallets, these devices offer increased security, which is projected to drive market growth during the forecast period.
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Cryptocurrency Hardware Wallet Market Share Analysis
Based on region, the largest market in the Asia Pacific, which accounts for over 40% of the worldwide market share.
North America and Europe come in second and third, with a combined market share of about 60%.
Based on type, USB Connectivity type dominated the Cryptocurrency Hardware Wallet market share, with a share value of 80% of the market.
Based on application, the individual segment has the greatest share of Cryptocurrency Hardware Wallet market share of about 65 percent.
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Cryptocurrency Hardware Wallet Market By Type
• USB Connectivity Type
• Bluetooth Connectivity Type
• NFC Connectivity
• Others
Cryptocurrency Hardware Wallet Market By Application
• Individual
• Professionals
Top Companies in the Cryptocurrency Hardware Wallet Market
The top four manufacturers in the world control roughly 60% of the market. Some of the top companies analyzed in the Cryptocurrency Hardware Wallet market report include:
• Ledger
• Trezor
• KeepKey
• Digital BitBox
• Coinkite
• BitLox
• CoolWallet
• CryoBit
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