Blockchain Devices Market Size, Outlook, Size, Share, Demand 2024-2033

The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.

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According to The Business Research Company’s Blockchain Devices , The blockchain devices market size has grown exponentially in recent years. It will grow from <b>$0.9 billion in 2023 to $1.25 billion in 2024 at a compound annual growth rate (CAGR) of 38.8%. </b> The  growth in the historic period can be attributed to increased in cryptocurrency growth, decentralized finance (defi) expansion, security and tamper-proofing, enhanced privacy solutions, hardware-based security modules, regulatory compliance solutions..

The blockchain devices market size is expected to see exponential growth in the next few years. It will grow to <b>$4.39 billion in 2028 at a compound annual growth rate (CAGR) of 36.9%. </b> The growth in the forecast period can be attributed to decentralizing identity solutions, emergence of tokenization, increasing adoption in emerging markets, decentralising autonomous organizations, cross-chain solutions..

Major trends in the forecast period include smart contracts execution devices, blockchain in healthcare devices, real-time transaction verification, smart contracts execution devices, integration with artificial intelligence..The increasing investments in blockchain technology are significantly contributing to the growth of the blockchain devices market. There has been an increase in adoption and implementation of real-world blockchain solutions across a wide range of industries and businesses. Organizations have expanded their investments in blockchain technology, proving their dedication to the technology. For instance, in August 2022, Alphabet, a US-based technology company, invested $1.5 Billion in various blockchain companies. The investment indicates wider trend of tech companies and investors leaning more towards blockchain and Web 3.0 as means for a more democratized information technology environment.

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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 & E-commerce, Travel & Hospitality, Automotive, Transportation & Logistics, IT & Telecommunication, Others (Energy & Utilities, Education, Agriculture, Healthcare, Manufacturing)

Top Major Players:
Ledger SAS, SatoshiLabs Group
Sirin Labs AG
Pundi X Labs Pte. Ltd
Genesis Coin Inc
GENERAL BYTES s. r. o

North America was the largest region in the blockchain devices market in 2023.

The adoption of wireless communication technology is a key trend gaining popularity in the blockchain devices market. Organizations are adopting next-generation wireless technologies believed to gain competitive advantage and enable innovation. For instance, in March 2021, Telefónica Tech, a Spain-based technology company, partnered with Fibocom Wireless Inc, a China-based provider of wireless communication modules and solutions, to launch 5G wireless networks for boosting blockchain activities. The partnership achieved accomplished the first 5G IoT Blockchain integration. The partnership will leverage Fibocom’s 5G IoT Module embedded with aitos.io’s BoAT blockchain application framework to access Telefonica’s TrustOS Blockchain network and TrustID decentralized Identity service.

The blockchain devices market report table of contents includes:

1. Executive Summary
2. Blockchain Devices Market Characteristics
3. Blockchain Devices Market Trends And Strategies
4. Blockchain Devices Market – Macro Economic Scenario
5.Global Blockchain Devices Market Size and Growth
….
31. Global Blockchain Devices Market Competitive Benchmarking
32. Global Blockchain Devices Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Blockchain Devices Market
34. Blockchain Devices Market Future Outlook and Potential Analysis
35. Appendix

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