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Blockchain Devices Market

Blockchain Devices Market Size, Share & Segment By Connectivity (Wired, Wireless) By Component (Crypto Hardware Wallets, Blockchain Smartphones, Crypto ATMs, Blockchain Iot Gateways, POS Devices, Other) By Application (Corporate, Personal) By End-User (Consumer, Government, Travel & Hospitality, Transportation & Logistics, BFSI, Retail & E-Commerce, Automotive, IT & Telecommunication, Others), By Regions And Global Forecast 2022-2028

Report Id: SNS/SEMI/2042 | June 2022 | Region: Global | 125 Pages

The Blockchain Devices Market Size was valued at USD 0.51 billion in 2021, and is expected to reach USD 4.5 billion by 2028, and grow at a CAGR of 36.5% over the forecast period 2022-2028.

 

Blockchain devices are hardware and software components that enable blockchain technology. Blockchain technology has a variety of applications such as split cryptocurrency, trading and payment processing. They are used in smart electrical devices such as automobiles, personal identification among other things. Blockchain devices ensure high security encryption, which has led to an increase in their global demand. Blockchain devices come in a variety of forms, including Blockchain Smartphones, Crypto Hardware Wallets, Crypto ATMs, and POS Devices, among others. In addition, advances in wireless technology such as Wi-Fi, Bluetooth, NFC and others add to the benefits of technology, thus increasing the market demand for blockchain devices worldwide.

 

MARKET DYNAMICS:

KEY DRIVERS:

  • Rapid adoption of blockchain technology in retail and supply chain management applications.

  • Decentralized structure and other characteristics associated with blockchain technology.

 

RESTRAINTS:

  • Lack of understanding, comprehension, and user experience with blockchain technology.

  • Uncertainty about regulatory implications of blockchain implementation.

 

OPPORTUNITIES:

  • Blockchain technology is being integrated with the Internet of Things (IoT), artificial intelligence (AI), and the cloud.

  • Increasing adoption of cryptocurrencies as mode of payment across various industries.

 

CHALLENGES: 

  • Blockchain technology poses security, privacy, and control challenges.

 

IMPACT OF COVID-19: 

COVID-19 has had a severe impact on the global economy as well as all industries. To stop the plague from spreading, governments in several countries have established borders. The initial phase of the epidemic's global shutdown in many countries has had a significant influence on people's lives and quality of life. As a result, the global supply chain has been shattered. The global economy has shrunk as commodity demand has decreased considerably. Due to the outbreak, which has caused a lack of immature materials, production in all industries has been slowed. Productivity declines are caused by variables such as depreciation and supply chain disruption.

 

The COVID-19 epidemic has contributed to the growth of the blockchain device market. From a regional point of view, the outbreak of COVID-19 has led to a dramatic decline in export-oriented countries due to the closure of productive crops. The hardware business has a huge impact on the IT industry. Due to declining supply of computer hardware and reduced production capacity, growth in IT infrastructure slipped in the first half of 2020. Software and service businesses have also declined temporarily. However, the adoption of integrated applications, security solutions, big data, and untouchable transactions was a major driver of market growth. This situation shows the blockchain marketplace considering the current impact of the epidemic. In this context, the market is likely to experience a slight decline in annual growth by 2021 due to the impact of supply chains and limited adoption of blockchain equipment in 2020 and the first half of 2021 due to closures and volatility. essentials for health care and other end user industries. However, with significant benefits offered to blockchain devices, the market is expected to see rapid acquisition in the second half of 2021. Significant improvements are being made in the installation of the crypto ATM device.

 

Based on Connectivity, the Blockchain Devices market are segmented into weird and wireless.

Wired blockchain devices are expected to control the market during the forecast period. Blockchain devices are in the newborn phase, and first-generation devices have mostly wired. The growing market for cryptocurrency ATMs is a significant driver for the wired segment. Pre-configured devices, such as blockchain computers, also have wires. Wired hardware wallets allow users to make secure digital transactions on the blockchain by connecting the device to a personal computer. However, with the development of blockchain hardware, wireless blockchain devices are gaining popularity and market share. The need for wiring is high in the blockchain devices market, as it enables high-quality, uninterrupted connectivity compared to wireless communication. The growing installation of crypto ATMs around the world is expected to further market this segment.

 

Based on Component, the Blockchain Devices market are segmented into Crypto Hardware Wallets, Blockchain Smartphones, Crypto ATMs, Blockchain IoT Gateways, POS Devices and Other.

The share of crypto ATMs is expected to grow at a very high CAGR during the forecast period. The latest developments in crypto ATM software and the many financial support available in crypto have advanced the crypto ATM market. Other factors that contribute to the growth of this market include improved revenue stability against crypto currency, flexibility to buy or sell cryptocurrencies anywhere, and anti-money laundering (AML). The growth of cryptocurrency market currencies and the introduction of the first coin offering (ICO) is another key factor driving the expected growth of the crypto ATM segment at the time of forecasting.

 

Based on End-User, the Blockchain Devices market are segmented into Consumer, Government, Travel & Hospitality, Transportation & Logistics, BFSI, Retail & E-commerce, Automotive, IT & Telecommunication and Others.

The consumer end users are expected to control the market and grow in a significant CAGR at the time of forecasting, driven by an increase in the acceptance of cash generated and the acceptance of cash generated as a means of payment by businesses. This encourages consumers and businesses to use cryptocurrencies to make money, and then drive the blockchain device market. The consumer goods industry is growing due to the growing demand for goods development. The need to develop affordable global business strategies to improve business productivity also advance the adoption of blockchain-enabled supply chain solutions in the industry. Blockchain, when combined with IoT devices and sensors, offers unparalleled visibility and efficient functioning in the logical and visual flow of assets throughout their value cycle, which is expected to increase the need for blockchain-enabled tracking devices and monitoring on the consumer segment.

 

COMPETITIVE LANDSCAPE:

The key players in the Blockchain Device market are Ledger, SatoshiLabs, Pundi X, Genesis Coin, HTC, ShapeShift, Coinsource, Samsung, Helium Systems, Lamassu Industries, PAYMYNT, SIRIN LABS, GENERAL BYTES, RIDDLE&CODE, Bitaccess, Infineon Technologies, AVADO, Tangem, SafePal, Modum, NXM Labs and other companies.

 

MARKET SEGMENT:

BY CONNECTIVITY

  • Wired

  • Wireless

 

BY COMPONENT

  • Crypto Hardware Wallets

  • Blockchain Smartphones

  • Crypto ATMs

  • Blockchain IoT Gateways

  • POS Devices

  • Other

 

BY APPLICATION

  • Corporate

  • Personal

 

BY END USER

  • Consumer

  • Government

  • Travel & Hospitality

  • Transportation & Logistics

  • BFSI

  • Retail & E-commerce

  • Automotive

  • IT & Telecommunication

  • Others

 

REGIONAL ANALYSIS:

North America is expected to hold the largest blockchain device market share during the forecast period. North America is a forerunner in the application of blockchain technology. The key players provide blockchain services that can be integrated with blockchain hardware and IoT devices to monitor and track assets across the supply chain. North America is also a hub for blockchain-based security chips and solutions that enhance the blockchain security of a business. Therefore, the North American region is showing strong blockchain device market capabilities over the next four to five years, in particular the monitoring and tracking of asset and chip-level security.

 

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

                                                              Blockchain Devices Market Report Scope
Report Attributes Details
Market Size in 2021 US$ 510 Million
Market Size by 2028 US$ 4.5 Billion
CAGR CAGR of 36.5% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Connectivity (Wired, Wireless)
• By Component (Crypto Hardware Wallets, Blockchain Smartphones, Crypto ATMs, Blockchain Iot Gateways, POS Devices, Other)
• By Application (Corporate, Personal)
• By End-User (Consumer, Government, Travel & Hospitality, Transportation & Logistics, BFSI, Retail & E-Commerce, Automotive, IT & Telecommunication, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Ledger, SatoshiLabs, Pundi X, Genesis Coin, HTC, ShapeShift, Coinsource, Samsung, Helium Systems, Lamassu Industries, PAYMYNT, SIRIN LABS, GENERAL BYTES, RIDDLE&CODE, Bitaccess, Infineon Technologies, AVADO, Tangem, SafePal, Modum, NXM Labs and other companies
Key Drivers • Rapid adoption of blockchain technology in retail and supply chain management applications.
• Decentralized structure and other characteristics associated with blockchain technology.
Restraints • Lack of understanding, comprehension, and user experience with blockchain technology.
• Uncertainty about regulatory implications of blockchain implementation.


Frequently Asked Questions (FAQ) :

The market value will be expected to reach USD 4.5 billion by 2028.

Rapid adoption of blockchain technology in retail and supply chain management applications, and Decentralized structure and other characteristics associated with blockchain technology.

The key players in the Blockchain Device market are Ledger, SatoshiLabs, Pundi X, Genesis Coin, HTC, ShapeShift, Coinsource, Samsung, Helium Systems, Lamassu Industries, PAYMYNT, SIRIN LABS, GENERAL BYTES, RIDDLE&CODE, Bitaccess, Infineon Technologies, AVADO, Tangem, SafePal, Modum, NXM Labs and other companies.

Yes, and they are Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.


Table of Content

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. Blockchain Devices Segmentation, by connectivity

8.1Introduction

8.2 Wired

8.3 Wireless

 

9. Blockchain Devices Segmentation, by component

9.1 Introduction

9.2 Crypto Hardware Wallets

9.3 Blockchain Smartphones

9.4 Crypto ATMs

9.5 Blockchain IoT Gateways

9.6 POS Devices

9.7 Other

 

10. Blockchain Devices Segmentation, by application

10.1 Introduction

10.2 Corporate

10.3 Personal

 

11. Blockchain Devices Segmentation, by end-user

11.1 Introduction

11.2 Consumer

11.3 Government

11.4 Travel & Hospitality

11.5 Transportation & Logistics

11.6 BFSI

11.7 Retail & E-commerce

11.8 Automotive

11.9 IT & Telecommunication

11.10 Others

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

 

 

13.Company Profiles

13.1 HTC

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Ledger

13.3 SatoshiLabs

13.4 Pundi X

13.5 Genesis Coin

13.6 ShapeShift

13.7 Coinsource

13.8 Samsung

13.9 Helium Systems

13.10 Lamassu Industries

13.11 PAYMYNT

13.12 SIRIN LABS

13.13 GENERAL BYTES

13.14 RIDDLE&CODE

13.15 Bitaccess

13.16 Infineon Technologies

13.17 AVADO

13.18 Tangem

13.19 SafePal

13.20 Modum

13.21 NXM Labs

13.22 Other

 

14.Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share analysis

14.3 Recent Developments

 

15.Conclusion

 

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Secondary Research

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