Press release
Hardware Wallet Market Expected to Reach $1.02 Billion By 2028
Download Research Report Sample & TOC : https://www.alliedmarketresearch.com/request-sample/12023
A hardware wallet is an electronic device with the sole purpose of allowing the user to store digital currency or cryptocurrencies' private keys in an offline wallet to protect coins. Furthermore, a hardware wallet is intended to connect with electronic devices such as computers, laptops, mobile, and other smart devices.
The new generation hardware wallet is designed to permit users to recover cryptocurrencies in case of loss or break of devices, owing to new recovery seed technology. Moreover, rise in demand for cryptocurrencies or digital currency across the commercial sector is anticipated to propel the demand for hardware wallets for a secure mode of cryptocurrency holding,
Rise in demand for cryptocurrency across the commercial sector, owing to rise in high investment from prime players coupled with surge in demand for next-generation digital technology in the financial sector, is influencing the market growth. However, enforcement of government regulations for dealing in cryptocurrency and low awareness among costumers for crypto security are acting as a major restraints of the market growth. Furthermore, high market growth potential in major emerging economies is expected to provide lucrative opportunities for the industry during the forecast period.
Request For Customization @ https://www.alliedmarketresearch.com/request-for-customization/12023
The USB segment was the highest contributor to the market in 2020. The USB and Bluetooth segments collectively accounted for around 90% market share in 2020. Surge in distributed ledger technology fuels the growth of the USB segment, thereby enhancing the hardware wallet market growth.
Covid-19 Impact Analysis
The emergence of COVID-19 has significantly boosted the growth of the cryptocurrency market, subsequently propelling the demand for hardware wallet devices across the globe. However, the partial or complete lockdown in various regions has significantly impacted the manufacturing and selling plants of hardware wallets during the pandemic. Moreover, a rise in investments from various prime industries is expected to hamper the market growth in the coming years.
Region-wise, Asia-Pacific holds a significant share in the hardware wallet market, as this region accommodates a major population of the globe. The adoption of cryptocurrency or digital currency at the individual and commercial levels is expected to propel the hardware wallet industry in this region. Moreover, surge in demand for digital currency across financial and banking sectors in the Asia-Pacific is anticipated to boost the growth of the hardware wallet market.
Key Findings Of The Study
In 2020, the hot wallet segment accounted for the maximum revenue, and is projected to grow at a notable CAGR of 25.10% during the forecast period.
The USB and Bluetooth segment together accounted for around90% of the hardware wallet market share in 2020.
The commercial segment of the hardware wallet market is projected to growth at a CAGR of 25.5% during the forecast period.
Inquiry Before Buying : https://www.alliedmarketresearch.com/purchase-enquiry/12023
Asia-Pacific contributed major share in hardware wallet market trends, accounting for more than 23.8% share in 2020.
The key players profiled in the report include ARCHOS, BitLox, CoolBitX Technology Ltd., ELLIPAL Limited, Ledger SAS, OPOLO SARL, Satoshi Labs SRO, ShapeShift, Shift Cryto AG, and Sugi (zSofitto NV).
Market players have adopted various strategies such as product launch, collaboration & partnership, joint venture, and acquisition to expand their foothold in the hardware wallet market.
Read More Reports :
https://www.alliedmarketresearch.com/data-processing-unit-market-A12869
https://www.alliedmarketresearch.com/co2-gas-sensor-market-A31534
https://www.alliedmarketresearch.com/encoder-market-A14570
Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web:https://www.alliedmarketresearch.com
About us :
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Hardware Wallet Market Expected to Reach $1.02 Billion By 2028 here
News-ID: 3959007 • Views: …
More Releases from Allied Market Research
Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
The global urinary drainage bags market is experiencing robust growth, with its market size valued at $1.4billion in 2021 and projected to reach $2billion by 2031. This expansion represents a compound annual growth rate (CAGR) of 3.8% from 2021 to 2031, highlighting the increasing demand for these essential medical devices.
Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A17529
What Are Urinary Drainage Bags?
Urinary drainage bags are specialized medical devices designed to collect…
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
The global cream powder industry was estimated at $4.8 billion in 2021 and is expected to hit $8.9 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031.
The cream powder market is experiencing growth due to various factors, including the increasing popularity of bakeries and HoReCa (hotels, restaurants, and cafes) and rising consumer demand for natural products. The dairy-based segment is a significant contributor to the market's growth…
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Bil …
The global micro drone industry generated $6.71 billion in 2020, and is expected to reach $28.91 billion in 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario.
Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strict…
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of …
The global microwaveable foods industry was accounted for $120.45 billion in 2020, and is expected to reach $230.93 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
Rise in popularity of fast-food restaurants and large population base coupled with increase in number of quick-service restaurants drive the global microwaveable foods market. However, lack of awareness about microwavable foods hinders the market growth. On the contrary, rise in…
More Releases for Hardware
Hardware Encryption Market Strengthening Data Security with Advanced Hardware-Ba …
"𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐯𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐄𝐦𝐩𝐨𝐰𝐞𝐫𝐢𝐧𝐠 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 𝐰𝐢𝐭𝐡 𝐒𝐦𝐚𝐫𝐭𝐞𝐫 𝐃𝐞𝐜𝐢𝐬𝐢𝐨𝐧𝐬"
The latest study released on the Hardware Encryption Market evaluates market size, trend, and forecast to 2030. The Hardware Encryption market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the…
Barn Door Hardware Market Is Gaining Huge Growth In Upcoming Years 2024 - 2031 | …
Market Overview:
Barn door hardware includes sliding door hardware kits that are used to convert swing doors into sliding doors. They are commonly used in homes to divide rooms or sections while maximizing the use of space.
Market Dynamics:
The barn door hardware market is estimated to witness significant growth over the forecast period owing to rising demand for interior decor innovations and space optimization solutions in residential and commercial buildings. Traditionally, interior…
Barn Door Handles Market | Artisan Hardware, BarnDoorz, Custom Service Hardware …
The global barn door handles market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the barn door handles market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth…
Global Hardware Load Balancers Market, Hardware Load Balancers Market, Hardware …
Global Hardware Load Balancers Market Overview
The Hardware Load Balancers market is a diverse and rapidly evolving industry that encompasses a wide range of products and services. It is characterized by intense competition, changing consumer preferences, and technological advancements that continually drive innovation.
The Hardware Load Balancers market is comprised of several sub-sectors, including but not limited to: electronics, healthcare, automotive, consumer goods, and energy. Each of these sub-sectors has its unique…
Top 12 China Hardware Market & Reliable Hardware Supplier
This article was first published on Yiwuagt.com. As a professional Chinese sourcing agent, this site has a lot of knowledge about Chinese imports.
As the world's largest manufacturer of hardware tools, China has many excellent hardware suppliers. At present, China's hardware wholesale industry has spread all over the country. Do you want to import hardware from China? As a professional sourcing agent, this article will introduce the well-known China hardware wholesale…
Architectural Hardware Market
According to a new report published by Allied Market Research, titled, " Architectural Hardware Market by Application, and End User: Global Opportunity Analysis and Industry Forecast, 2019-2026," the global architectural hardware market size was valued at $15.9 billion in 2018, and is projected to reach $23.2 billion by 2026, growing at a CAGR of 6.8% from 2019 to 2026. Architectural hardware is a type of hardware that includes doors, windows,…
