Press release
2025-2034 Blockchain Devices Market Roadmap: Insights for Competitive Advantage
Blockchain Devices Market Growth
How Large Will the Blockchain Devices Market Size By 2025?
In recent times, the size of the blockchain devices market has witnessed significant expansion. The market size, which is projected to rise from $1.22 billion in 2024 to $1.67 billion in 2025, reflects a compound annual growth rate (CAGR) of 36.9%. Factors contributing to this remarkable growth during the historical period include an upsurge in cryptocurrency growth, the proliferation of decentralized finance (defi), the demand for security and tamper-proofing, enhanced privacy solutions, hardware security modules, and compliance with regulatory standards.
How Big Is the Blockchain Devices Market Size Expected to Grow by 2029?
The market size for blockchain devices is anticipated to undergo a massive expansion in the coming years, reaching $6.05 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 38.0%. The predicted growth during this forecast period can be associated with developments such as decentralized identity options, the rise of tokenization, increasing adoption in nascent markets, decentralized autonomous bodies, and cross-chain solutions. Top trends anticipated during this span include smart contract execution devices, integration of blockchain in healthcare devices, real-time transaction verification, smart contract execution devices, and the merging with artificial intelligence.
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Which Key Market Drivers Powering Blockchain Devices Market Expansion and Growth?
The escalating interest in blockchain technology is notably impacting the expansion of the blockchain devices market. A rising pattern of adoption and application of concrete blockchain solutions can be seen in a myriad of business sectors and industries. This proves the commitment and escalated investments companies have in blockchain technology. For example, Alphabet, an American technology firm, invested a staggering $1.5 Billion in diverse blockchain businesses in August 2022. This investment illustrates a broader trend of tech firms and investors gravitating towards blockchain and Web 3.0 as a conduit for a more balanced information technology landscape.
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Which Fast-Growing Trends Are Poised to Disrupt the Blockchain Devices Market?
Leaders in the blockchain devices market, including major firms, are aiming to create innovating technological solutions like the Web3 Acceleration Platform. This platform is designed to improve interoperability and scalability within decentralized applications. The Web3 Acceleration Platform offers a comprehensive approach for developers to effectively design, implement, and expand decentralized applications (dApps), supplying vital tools and resources necessary for integrating smart contracts and managing user identities across various blockchain networks. In June 2023, Fujitsu, an ICT company hailing from Japan, unveiled their Web3 Acceleration Platform. Its purpose is to simplify the creation of Web3 services and stimulate collaboration on Web3 services development by ensuring secure data transfer and heightened computing potential via its pioneering Data e-TRUST technology. Fujitsu's platform cultivates a co-creation environment on a global scale, encouraging diverse partnerships to work on state-of-the-art applications, while boosting digital faith and integrity in business transactions.
What Are the Emerging Segments in the Blockchain Devices Market?
The blockchain devices market covered in this report is segmented -
1) By Type: Blockchain Smartphones, Crypto Hardware Wallets, Crypto Automated Teller Machines (ATMs), Point Of Sales (POS) Terminals
2) By Connectivity: Wired, Wireless
3) By Application: Personal, Corporate
4) 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)
Subsegments:
1) By Blockchain Smartphones: Encrypted Communication Smartphones, Blockchain-Enabled Payment Smartphones, Decentralized App (DApp) Smartphones
2) By Crypto Hardware Wallets: USB Hardware Wallets, Bluetooth Hardware Wallets, Multi-Currency Hardware Wallets
3) By Crypto Automated Teller Machines (ATMs): Two-Way Crypto ATMs, One-Way Crypto ATMs, Multi-Currency ATMs
4) By Point Of Sales (POS) Terminals: Mobile POS Systems, Traditional POS Systems With Crypto Integration, Contactless Payment POS Terminals
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Who Are the Global Leaders in the Blockchain Devices Market?
Major companies operating in the blockchain devices market include 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.
Which are the Top Profitable Regional Markets for the Blockchain Devices Industry?
North America was the largest region in the blockchain devices market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blockchain devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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