Press release
Blockchain Devices Market: Soaring Growth at CAGR of 38.0% and Major Market Drivers
Blockchain Devices Market
Blockchain technologies' rapid acceptance and the growing intrigue for decentralized finance (DeFi) have fueled a boom in the blockchain devices market, expected to reach $6.05 billion in 2029.
What Is The Projected Market Size Of The Global Blockchain Devices Market And Its Growth Rate?
• The global blockchain devices market saw a substantial expansion from $1.22 billion in 2024 to $1.67 billion in 2025, growing at a compound annual growth rate (CAGR) of 36.9%.
• This impressive growth trend is anticipated to continue, with the market projected to reach a staggering $6.05 billion in 2029 at a CAGR of 38.0% during the forecast period.
• Several key growth drivers, such as the emergence of tokenization and increasing adaptation in emerging markets, are expected to fuel the market expansion in the upcoming years.
What Is Driving The Growth In The Blockchain Devices Market?
The blockchain devices market's growth is primarily driven by the escalating investments in blockchain technology across various industries and businesses. Real-world implementations of blockchain solutions have witnessed a surge, testament to organizations' commitment to this technology. For instance, in August 2022, Alphabet, a US-based technology company, invested $1.5 Billion in various blockchain companies. This move reflects the broader trend of tech companies and investors embracing blockchain as a means of democratizing the information technology environment.
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Who Are the Key Players Driving Blockchain Devices Market Growth?
• Ledger SAS
• SatoshiLabs Group
• Sirin Labs AG
• Pundi X Labs Pte. Ltd.
• Genesis Coin Inc.
• GENERAL BYTES s. r. o.
• HTC Corporation
• RIDDLE&CODE GmbH
• ShapeShift AG
• Bitaccess Inc.
• Coinsource Inc.
• SAMSUNG Electronics Co. Ltd.
• Infineon Technologies India Private Ltd.
• Helium Systems Inc.
• Avado
• Lamassu Industries AG
• SafePal
• PAYMYNT Financial Group Inc.
• modum. io AG
• NXM Labs Inc.
• Blockchain Luxembourg S. A
• Tangem AG
• Filament Corporation
• Sikur Inc.
• CoVault Inc.
• ELLIPAL
• International Business Machines Corporation
• Microsoft Corporation
• Canaan Creative Co. Ltd.
• Ebang International Holdings Inc.
• Bitfury Holding B. V.
• CoolBitX Technology Ltd.
• OPENDIME by Coinkite Inc.
What Are The Key Trends In The Blockchain Devices Market?
• Implementation of Smart Contracts
• Integration of Blockchain in Healthcare Devices
• Real-time transaction verification
• Decentralizing Identity Solutions
• Integrations with Artificial Intelligence
What Are The Segments Of The Global Blockchain Devices Market?
• By Type: Blockchain Smartphones, Crypto Hardware Wallets, Crypto Automated Teller Machines (ATMs), Point Of Sales (POS) Terminals
• By Connectivity: Wired, Wireless
• By Application: Personal, Corporate
• By End User: Consumer, BFSI, Government, Retail And E-commerce, Travel And Hospitality, Automotive, Transportation And Logistics, IT And Telecommunication, Others (Energy And Utilities, Education, Agriculture, Healthcare, Manufacturing)
Which Region Leads The Blockchain Devices Market?
In 2024, North America was the largest region in the blockchain devices market. On the other hand, the Asia-Pacific region is expected to be the fastest-growing region during the forecast period, with other regions such as Western Europe, Eastern Europe, South America, Middle East, and Africa also contributing to the global market.
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What Is Covered In The Blockchain Devices Market Global Market Report?
- Market Size Analysis: Analyze the Blockchain Devices Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Blockchain Devices Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Blockchain Devices Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Blockchain Devices Market .
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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