Global Blockchain Device Market Size Estimated to Cross USD 3507 Million By 2027, Growing at a CAGR of 38% | Infinium Global Research

Infinium Global Research, a prominent market research firm, has recently released an in-depth report examining the global and regional landscape of the Blockchain Device Market. The comprehensive study provides a profound analysis of various segments and sub-segments, exploring the drivers, restraints, and macro indicators' impact on the global and regional blockchain device market over short and long-term periods. According to the report, the global blockchain device market is forecasted to witness a remarkable Compound Annual Growth Rate (CAGR) of more than 38% between 2021 and 2027, catapulting the market from approximately USD 500 million in 2021 to an estimated USD 3507 million by 2027.

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Market Insight

Blockchain technology, a decentralized distributed ledger system revolutionizing record-keeping, stands at the forefront of innovation, offering enhanced record-keeping capabilities, cost-effectiveness, and broader application benefits. The primary application of blockchain technology is in cryptocurrency, leading to the development of various blockchain devices such as Crypto ATMs, Crypto Hardware Wallets, POS devices, and more. As the spectrum of blockchain applications widens, an influx of new devices utilizing this technology is anticipated to enter the market.

Driving Factors and Industry Adoption

The burgeoning use of blockchain technology within the BFSI industry is expected to be a significant impetus for the growth of the blockchain device sector. Banks worldwide are leveraging blockchain for fund transfer processes, benefiting from lower transaction fees, enhanced transparency, and fortified security against cyber threats. With an exponential increase projected in BFSI transactions due to a rising influx of participants, blockchain's efficiency in international payment processing further drives its adoption. Cryptocurrencies' escalating transaction volumes and their legal tender status in countries like El Salvador are catalyzing market growth.

Regional Outlook and Market Segmentation

North America, at the forefront of blockchain technology adoption, is witnessing substantial adoption in various industries, including BFSI and healthcare. Initiatives by companies like Tesla, considering cryptocurrencies as payment, signal optimistic market growth. Moreover, the region's strong base of cryptocurrency investors and favorable government stance toward blockchain technology augur well for the market. Conversely, the Asia-Pacific region is expected to witness the fastest growth in the blockchain device market, primarily due to increasing adoption in end-user industries.

Market Segments

The report segments the market based on type (crypto ATMs, crypto hardware wallets, blockchain smartphones, POS devices, and others), connectivity (wired and wireless), application (corporate and personal), and end-users (BFSI, retail and ecommerce, transportation and logistics, automotive, IT and telecommunication, and others).

Key Market Players

The report profiles major market players such as HTC Corporation, Ledger SAS, General Bytes R.O., Blockchain Luxembourg S.A., AVADO AG, SatoshiLabs, Genesis Coin Inc., Pundi X Labs Private Limited, Lamassu Industries AG, and Filament.

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Table of Content

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. Blockchain Device Market Highlights

2.2. Blockchain Device Market Projection

2.3. Blockchain Device Market Regional Highlights

Chapter 3. Global Blockchain Device Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1.Drivers

3.2.2.Restraints

3.2.3.Opportunities

3.3. Analysis of COVID-19 impact on the Blockchain Device Market

3.4. Porter's Five Forces Analysis

3.5. IGR-Growth Matrix Analysis

3.5.1.IGR-Growth Matrix Analysis by Type

3.5.2.IGR-Growth Matrix Analysis by Connectivity

3.5.3.IGR-Growth Matrix Analysis by Application

3.5.4.IGR-Growth Matrix Analysis by End User

3.5.5.IGR-Growth Matrix Analysis by Region

3.6. Value Chain Analysis of Blockchain Device Market

Chapter 4. Blockchain Device Market Macro Indicator Analysis

Chapter 5. Global Blockchain Device Market by Type

5.1. Crypto ATMs

5.2. Crypto Hardware Wallets

5.3. Blockchain Smartphones

5.4. POS Devices

5.5. Others

Chapter 6. Global Blockchain Device Market by Connectivity

6.1. Wired

6.2. Wireless

Chapter 7. Global Blockchain Device Market by Application

7.1. Corporate

7.2. Personal

Chapter 8. Global Blockchain Device Market by End User

8.1. BFSI

8.2. Retail and Ecommerce

8.3. Transportation and Logistics

8.4. Automotive

8.5. IT and Telecommunication

8.6. Others

Chapter 9. Global Blockchain Device Market by Region 2021-2027

9.1. North America

9.1.1.North America Blockchain Device Market by Type

9.1.2.North America Blockchain Device Market by Connectivity

9.1.3.North America Blockchain Device Market by Application

9.1.4.North America Blockchain Device Market by End User

9.1.5.North America Blockchain Device Market by Country

9.2. Europe

9.2.1.Europe Blockchain Device Market by Type

9.2.2.Europe Blockchain Device Market by Connectivity

9.2.3.Europe Blockchain Device Market by Application

9.2.4.Europe Blockchain Device Market by End User

9.2.5.Europe Blockchain Device Market by Country

9.3. Asia-Pacific

9.3.1.Asia-Pacific Blockchain Device Market by Type

9.3.2.Asia-Pacific Blockchain Device Market by Connectivity

9.3.3.Asia-Pacific Blockchain Device Market by Application

9.3.4.Asia-Pacific Blockchain Device Market by End User

9.3.5.Asia-Pacific Blockchain Device Market by Country

9.4. RoW

9.4.1.RoW Blockchain Device Market by Type

9.4.2.RoW Blockchain Device Market by Connectivity

9.4.3.RoW Blockchain Device Market by Application

9.4.4.RoW Blockchain Device Market by End User

9.4.5.RoW Blockchain Device Market by Sub-region

Chapter 10. Company Profiles and Competitive Landscape

10.1. Competitive Landscape in the Global Blockchain Device Market

10.2. Companies Profiles

10.2.1. HTC Corporation

10.2.2. Ledger SAS

10.2.3. General Bytes R.O.

10.2.4. Blockchain Luxembourg S.A.

10.2.5. AVADO AG

10.2.6. SatoshiLabs

10.2.7. Genesis Coin Inc.

10.2.8. Pundi X Labs Private Limited

10.2.9. Lamassu Industries AG

10.2.10. Filament

More Insights on this report, Speak to Our Analyst: https://www.infiniumglobalresearch.com/reports/enquiry/35303

Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of Blockchain Device.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2027.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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