Business

Hardware Wallet Market Share, Demand, Forecast to 2022-2027

3 Mins read

According to the latest report by IMARC Group, titled “Hardware Wallet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global hardware wallet market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. 

The global hardware wallet market size reached a value of US$ 251.6 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,148.50 Million by 2027 exhibiting a CAGR of 27.20% during 2022-2027.

Hardware wallets refer to the high-security cryptocurrency wallets that provide users access to private keys for purchasing and trading crypto assets. Hardware apps, such as ledger, keep key, pro key, trezor, etc., offer complete privacy between the private keys and easy-to-hack computer or smartphone applications. In addition to this, compared to software wallets, they are placed in protected microcontrollers and act as cold storage to preserve pins from hackers for preventing them from exposing information to the internet.

Download a Free PDF Sample for more detailed market insights: https://www.imarcgroup.com/hardware-wallet-market/requestsample

What are the key industry trends of the global hardware wallet market?

The increasing investments in cryptocurrency-based devices for fast and secure transactions are primarily driving the hardware wallet market. Additionally, the growing utilization of near-field communication (NFC) for wireless data transferring is further catalyzing the market growth. 

Besides this, the widespread adoption of wireless hardware wallets, owing to their various associated benefits, such as direct control, long-term storage, flexibility, security, etc., is acting as another significant growth-inducing factor. 

Moreover, numerous other factors, including the emerging trend of digital and cashless payments, the rising integration of distributed ledger technology and blockchain for ensuring transparency by minimizing the risks of hacking and other fraudulent activities, the launch of hardware wallet apps for simplifying cryptocurrencies exchange, etc., are also positively influencing the global market. 

Apart from this, the introduction of bitcoin lite and bitcoin cash is anticipated to fuel the hardware wallet market over the forecasted period.

 Global Hardware Wallets Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Hardware Wallets Companies:

Archos, BitLox Limited, Coinkite Inc., CoolBitX, ELLIPAL Limited, Ledger SAS, OPOLO SARL, Penta Security Systems Inc., SatoshiLabs s.r.o., ShapeShift, Shift Crypto AG and Sugi (Sofitto NV). 

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: http://bit.ly/3Hg9el3

The report has segmented the market on the basis of region, type, connection type, distribution channel and end user. 

Breakup by Type:

• Hot Wallet

• Cold Wallet

Breakup by Connection Type:

• Near-field Communication (NFC)

• Bluetooth 

• USB 

Breakup by Distribution Channel:

• Online

• Offline

Breakup by End User:

• Commercial

• Individual

Breakup by Region:

• North America: (United States, Canada)

• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)

• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

• Latin America: (Brazil, Mexico, Others)

• Middle East and Africa

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:

• Market Performance (2016-2021)

• Market Outlook (2022- 2027)

• Porter’s Five Forces Analysis

• Market Drivers and Success Factors

• SWOT Analysis

• Value Chain

• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Other Report:

Hydrogel Market Share, Research Report, Analysis 2022-2027

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Services Private Limited.

30 N Gould St Ste R

Sheridan, WY 82801 USA – Wyoming

Email: Sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

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