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2025-2034 Blockchain Devices Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights

10-14-2025 04:18 PM CET | IT, New Media & Software

Press release from: The Business Research Company

Blockchain Devices

Blockchain Devices

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What Will the Blockchain Devices Industry Market Size Be by 2025?
The market for blockchain devices has witnessed a rapid expansion in recent times. There is expected growth from $1.22 billion in 2024, scaling to $1.66 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 36.5%. The significant rise during the historic period is primarily due to the surge in cryptocurrency, the expansion of decentralized finance (defi), increased focus on security and tamper-proofing, the development of superior privacy solutions, the integration of hardware-based security modules and the implementation of regulatory compliance solutions.

What's the Long-Term Growth Forecast for the Blockchain Devices Market Size Through 2029?
In the upcoming years, we can anticipate a rapid expansion in the size of the blockchain devices market. By 2029, this market is projected to reach $5.98 billion, indicating a compound annual growth rate (CAGR) of 37.8%. The surge expected during the forecast period might be attributed to factors like the rise of decentralized identity solutions, the advent of tokenization, the growing acceptance in developing markets, the decentralization of autonomous organizations, and the implementation of cross-chain solutions. The forecast period is likely to see several key trends, including the use of devices for executing smart contracts, the integration of blockchain into healthcare devices, real-time transaction verification, the execution of smart contracts, and the combination with artificial intelligence.

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What Are the Key Growth Drivers Fueling the Blockchain Devices Market Expansion?
The growth of the blockchain devices market is substantially being driven by augmenting investments in blockchain technology. Across a broad spectrum of industries and businesses, there is observed an upsurge in the acceptance and application of practical blockchain solutions. The commitment to the technology is proven as enterprises enlarge their investments into blockchain technology. For example, in August 2022, Alphabet, an American technology firm, allocated $1.5 Billion in funding to several blockchain businesses. This investment symbolizes the increasing tendency of technology corporations and investors pivoting towards blockchain and Web 3.0 as a route for a more democratized information technology ecosystem.

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What Are the Key Trends Driving Blockchain Devices Market Growth?
Leading entities in the blockchain devices sector are focusing on creating innovative technological solutions, such as the Web3 Acceleration Platform, to boost interoperability and scalability in the decentralized applications domain. The Web3 Acceleration Platform is a holistic framework supporting developers in effective creation, deployment and scaling of decentralized applications (dApps) by providing vital tools and resources for smart contract integration and user identity management over numerous blockchain networks. For instance, in June 2023, Fujitsu, an information and communications technology firm based in Japan, introduced the Web3 Acceleration Platform to enhance Web3 services development and bolster partnerships in the same domain by providing advanced computing capabilities and secure data exchange through its pioneering Data e-TRUST technology. It encourages international co-creation, enabling a multitude of partners to work together on revolutionary applications while fortifying digital authenticity and trust in transactions.

How Is the Blockchain Devices Market Segmented?
The blockchain devicesmarket 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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Which Companies Are Leading the Charge in Blockchain Devices Market Innovation?
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 Regions Are Leading the Global Blockchain Devices Market in Revenue?
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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With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

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