Blockchain Devices Market Top Key Players - SatoshiLabs ,ShapeShift, Bitaccess, Coinsource, Samsung, Infineon Technologies, Helium Systems, Tangem, SafePal, and Modum

 

According to a new report published by xResearch, titled, “Blockchain Devices Market 2022 - Industry Insights, Trends, Opportunity & Forecast, 2021–2030,” the global blockchain devices market size is anticipated to witness exponential growth during the forecast period i.e.2022-2030.

 

The rising adoption of blockchain technology due to its decentralized structure and several other attributes; the surging need for faster and seamless monetary transactions across the globe; the escalating government regulations and initiative regarding blockchain technology and devices; the rapid development of blockchain technology in retail & supply chain management applications, and the increasing cryptocurrency market capitalization and initial coin offering (ICO) are among the major factors contributing to the growth of the global blockchain devices market.

 

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According to application, the corporate segment dominated the global blockchain devices market in 2021. The segment is projected to retain its dominance and experience the highest growth in the market during the forecast period of 2022-2030. According to end user, the consumer segment held the largest share of the global blockchain devices market in 2021, followed by the BFSI segment. The segment is estimated to maintain the trend further in the market during the forecast period. On the other hand, the travel & hospitality segment is expected to attain the highest CAGR in the market during the forecast period of 2022-2030. According to component, the hardware wallets segment acquired the largest share of the global blockchain devices market in 2021. The segment is predicted to continue to lead the market throughout the forecast period. On the other hand, the crypto ATMs segment is slated to register the highest CAGR the market during the forecast period. According to connectivity, the wired segment accounted for the largest share of the global blockchain devices market in 2021. The segment’s position is anticipated to remain unchanged during the forecast period of 2022-2030. On the other hand, the wireless segment is poised to emerge as the fastest growing segment during the forecast period of 2022-2030.

 

Geographically, the North American region led the global blockchain devices market in 2021. The region is predicted to maintain the trend throughout the forecast period of 2022-2030. Countries such as the U.S. and Canada are among the key contributors to the growth of the market in the region. The Asia Pacific region is expected to witness the highest growth in the global blockchain devices during the forecast period, with countries such as India, Japan, China, and South Korea emerging as the leading contributors to the growth of the market in the region.

 

Some of the major blockchain devices companies profiled in the report include SatoshiLabs ,ShapeShift, Bitaccess, Coinsource, Samsung, Infineon Technologies, Helium Systems, Tangem, SafePal, and Modum.

 

The global blockchain devices market is segmented into component, connectivity, application, end user, and region. Based on component, the blockchain devices market is bifurcated into hardware wallets, blockchain smartphones, PoS devices, crypto ATMs, blockchain IoT gateways, and other devices. The other devices segment is further categorized into tags, loggers, , pre-configured devices, and chips. Based on connectivity, it is classified into wired and wireless.  Based on application, it is classified into personal and corporate. Based on end user, it is classified into consumer, BFSI, government, retail & e-commerce, travel & hospitality, automotive, transportation & logistics, IT & telecommunication, and others. The others segment is further categorized into energy & utilities, education, agriculture, healthcare, and manufacturing.

 

The global blockchain devices market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).

 

Key Insights of Blockchain Devices Market

·         On the basis of application, the corporate segment dominated the global blockchain devices market in 2021, and is projected to further retain its dominance and experience the highest growth in the market during the forecast period of 2022-2030.

·         On the basis of end user, the consumer segment held the largest share of the global blockchain devices market in 2021, followed by the BFSI segment. The segment is estimated to maintain the trend further in the market during the forecast period. On the other hand, the travel & hospitality segment is expected to attain the highest CAGR in the market during the forecast period of 2022-2030.

·         On the basis of component, the hardware wallets segment acquired the largest share of the global blockchain devices market in 2021. The segment is predicted to continue to lead the market throughout the forecast period. On the other hand, the crypto ATMs segment is slated to register the highest CAGR the market during the forecast period.

·         On the basis of connectivity, the wired segment accounted for the largest share of the global blockchain devices market in 2021. The segment’s position is anticipated to remain unchanged during the forecast period of 2022-2030. On the other hand, the wireless segment is poised to emerge as the fastest growing segment during the forecast period of 2022-2030.

·         On the basis of region, North America led the global blockchain devices market in 2021. The region is predicted to maintain the trend throughout the forecast period of 2022-2030. 

·         On the basis of region, the Asia Pacific is expected to witness the highest growth in the global blockchain devices during the forecast period of 2022-2030.

 

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