Blockchain Devices Market Growth | Trends, Demand & Key Players 2024-2032

The Blockchain Devices Market is Valued USD 17.57 billion in 2024 and projected to reach USD 825.93 billion by 2032, growing at a CAGR of 52.80% During the Forecast period of 2024-2032. Growing demand for banking and financial services, insurance services and increase in digital economy, especially in developing countries, are emerging as major drivers for market growth. Wi-Fi, Bluetooth, smartphones, the growth of the internet, the growing variety of cryptocurrencies, and the increasing recognition of the benefits of blockchain technology in finance will further increase market value. Increasing cost to develop R&D skills, collective awareness of benefits such as greater transparency and security in blockchain technology and continuous improvement in blockchain technology will further drive the growth trajectory of the market.

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The report presents authenticated data derived from extensive primary and secondary research. By analysing historical growth trends and the current market landscape, it aims to provide actionable insights and forecasts for global and regional market growth. It takes into account revenue generated from report sales and related technologies across various application segments while exploring market data tables. Key market factors, including macroeconomic conditions, the overall market environment, government policies, and the competitive landscape, are carefully examined to ensure a comprehensive analysis.

Top companies covered in this report: Ledger SAS , HTC Corporation, YeagerAI, Pundi X Labs Private Limited, Filament, IBM's, GENERAL BYTES R.O., RIDDLE&CODE, AVADO, Sikur, SIRIN LABS, Blockchain Luxembourg S.A., SatoshiLabs, Genesis Coin Inc., and Lamassu Industries AG among others and others.

Industry News:

In November 2024, YeagerAI introduced the Intelligent Oracle, an AI-powered solution that provides decentralized applications (DApps) with real-time on-chain data. Built on YeagerAI's GenLayer blockchain, the Oracle aims to revolutionize DApp data collection by fetching various types of online data and delivering it on-chain. Initially launched on a permissioned local network, the GenLayer Testnet was expected to be operational by the end of 2024.

In January 2025, IBM's blockchain technology was highlighted for its transformative impact across multiple industries, including supply chain management, financial services, and healthcare. By enhancing supply chain transparency and efficiency, accelerating financial transactions, and improving healthcare data management, IBM's blockchain solutions have been instrumental in solving real-world problems and creating new opportunities for businesses and investors.

Blockchain Devices Market Segmentation:

By Type
Blockchain smartphones
Crypto hardware wallets
Crypto ATMs
POS devices
Others (blockchain gateways and pre-configured devices)

By Connectivity
Wired
Wireless

By Application:
Personal
Corporate

Regional Analysis

North America (USA and Canada)
Europe (UK, Germany, France and rest of Europe)
Asia-Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil, Mexico, and Rest of Latin America)
Middle East and Africa (GCC and Rest of the Middle East and Africa)

In 2023, North America led the blockchain market, securing a significant market share of 38%. This dominance is linked to the region's swift embrace of blockchain technology, robust technological infrastructure, and a supportive regulatory framework. North America, particularly the United States, hosts prominent blockchain firms and a strong innovation ecosystem, with businesses in sectors such as finance, healthcare, and supply chain adopting blockchain technologies. Furthermore, the area gains from considerable funding in blockchain startups and an increasing number of collaborations between tech giants and companies pursuing blockchain integration.

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Important Features of the reports:

- Detailed analysis of the Blockchain Devices Market
- Fluctuating market dynamics of the industry
- Detailed market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of the Blockchain Devices Market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards Blockchain Devices Market performance.

The report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios of the top players in the Blockchain Devices Market.

Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market.

Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market.

Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Blockchain Devices Market

How big will the market and growth rate be in 2032?

What are the key drivers for the global Blockchain Devices Market?
What are the major market trends influencing the growth of the global Blockchain Devices Market?
What are the challenges for market growth?
Who are the key vendors in the global Blockchain Devices Market?
What market opportunities and threats are vendors facing in the global Blockchain Devices Market?
What are the main findings of the five forces analysis of the global Blockchain Devices Market?

Conclusion: At the end of the Blockchain Devices Market report, all findings and estimates are presented. It also includes key drivers and opportunities and regional analysis. The Segmental analysis is also provided in terms of type and application.

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