• Sun. Aug 14th, 2022

Hardware Wallet Market: Rising Cryptocurrency Investments Expected to Drive Market Expansion

ByHazel R. Lang

Jul 26, 2022

NEW JERSEY, USA, July 26, 2022 /EINPresswire.com/ — The description

New research study “”Hardware Wallet MarketBy type (Hot Wallet, Cold Wallet), By connection (Near Field Communication, USB, Bluetooth), By distribution channel (Commercial, Individual), By end user (Online, Offline), By geography (North America North, Europe, Asia-Pacific, LAMEA) – Size, Share, Prospects and Opportunities Analysis, 2022 – 2030 “” has been added to Coherent Market insight

Hardware Wallet Market was valued at 227.1 Million US$ in 2021 and is projected to reach a value of 1426.50 Million US$ by 2030 at a CAGR of 24.9% from 2022-2030.

Due to the growing demand for massive transparency of distributed ledger technology across the business sector, the hardware wallet industry is poised to see the remarkable growth over the predicted era. Furthermore, this significant development is expected to fuel the development of cutting-edge digital currency technology as well as a surge in the amount of device-dependent cryptocurrency investments that is driving the expansion of the global cryptocurrency market. hardware wallets.

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The hardware wallet market is divided between organized and unorganized businesses. The unorganized market now dominates the hardware wallet market. However, over the projected period of 2022 to 2028, this picture is expected to change. Changing lifestyle, increase due to urbanization, growing middle class population, local availability and availability of snacks in small packages, low prices and company strategies to focus on regional taste are all contributing to the growth of the hardware wallets market.

Major key players in this market:

◘ ARCHOS SA
◘ ELLIPAL LTD.
◘ LEDGER SAS
◘ OPOLO SARL

Drivers and trends

The hardware wallet market depends on a number of factors that can help or hinder the industry as a whole. The variables are presented and ranked according to their potential impact on the hardware wallet market. Various factors are defined in the report for all segments and countries of the Hardware Wallets Market. These variables are associated with data.

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Detailed segmentation:

Global Hardware Wallets Market, By Type:
◘ Hot Wallet
◘ Cold Wallet

Global Hardware Wallet Market, By Connection Type
◘ Near field communication
◘USB
◘Bluetooth

Global Hardware Wallets Market, By End User
◘ Commercial
◘ Individual

Global Hardware Wallets Market, By Distribution Channel
◘ Online
◘ Offline

Regional outlook:

Asia-Pacific, North America, Europe, Latin America, and Rest of the World are examined in the geographical analysis of the global hardware wallet market. Due to its well-established ICT service providers and large consumer base, North America is the leading region in the world in terms of market share. Over the projection period 2022-2028, Asia-Pacific is expected to have the highest growth rate / CAGR.

Research method

For the period 2022-2028, the market research team used Porter’s Five Force model to examine the demand for the global hardware wallet market. Additionally, an in-depth SWOT analysis is carried out to help the reader make more informed decisions regarding the demand for the global hardware wallet market. We used primary and secondary data collection techniques. Additionally, for in-depth market analysis, data analysts used publicly available tools such as annual accounts, SEC filings, and white papers. The approach of the analysis clearly reflects the objective of evaluating it against various parameters to provide a comprehensive view of the market.

The report includes:

An up-to-date detailed analysis of the global Hardware Wallet markets.
Global market trend analysis, including data from 2018 and 2021, forecast to 2022 and 2024, and compound annual growth rates (CAGR) to 2028.

The global hardware wallet market size is estimated and forecasted, with market share analysis by hardware wallet type, component, application, end-user industry and geography.

Highlights of industry market potential for hardware wallet, emerging applications, technological advancements and strategic innovations

Implications of COVID-19 on market advancement and assessment of possible technology drivers through a comprehensive examination of numerous specialized hardware wallet applications for new and existing subparts.

Recent industry structure, current competitive landscape, R&D activities, significant growth initiatives, and sales-based business value share analysis by segment are all included.

Review of patents granted for Hardware Wallet and assessment of new developments within the industry, as well as new advances in the sector.

The company profiles of the world’s leading global players are ARCHOS SA, ELLIPAL LTD., LEDGER SAS and OPOLO SARL

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Table of contents with main points:

1. Summary
1.1. Market overview
1.2. Global and Segmental Market Estimates and Forecasts, 2018-2028 (USD Billion)
1.2.1. Hardware wallet market, by region, 2018-2028 (USD billion)
1.2.2. Hardware wallet market, by type, 2018-2028 (USD billion)
1.2.3. Hardware wallet market, by application, 2018-2028 (USD billion)
1.2.4. Hardware wallet market, by verticles, 2018-2028 (USD billion)
1.3. Key trends
1.4. Estimation methodology
1.5. Research hypothesis

2. Definition and Scope of the Global Hardware Wallets Market
2.1. Goal of the study
2.2. Market definition and scope
2.2.1. Scope of the study
2.2.2. Industry evolution
2.3. Years Considered for Study
2.4. Currency conversion rate

3. Global Hardware Wallets Market Dynamics
3.1. Hardware Wallets Market Impact Analysis (2018-2028)
3.1.1. Market factors
3.1.2. Market challenges
3.1.3. Market opportunities

4. Industry Analysis of Global Hardware Wallets Market
4.1. Porter’s 5-force model
4.1.1. Bargaining power of suppliers
4.1.2. The bargaining power of buyers
4.1.3. The threat of new entrants
4.1.4. The threat of substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic approach to Porter’s 5 forces model (2018-2028)
4.2. PEST analysis
4.2.1. Policy
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst recommendation and conclusion

5. Global Hardware Wallets Market, By Type
5.1. Market overview
5.2. Global Hardware Wallets Market by Type, Performance – Potential Analysis
5.3. Global Hardware Wallets Market Estimates & Forecasts by Type 2018-2028 (USD Billion)
5.4. Hardware Wallet Market, Sub-Segment Analysis

6. Global Hardware Wallets Market, By Application
6.1. Market overview
6.2. Global Hardware Wallets Market by Application, Performance – Potential Analysis
6.3. Global Hardware Wallets Market estimates and forecasts by application 2018-2028 (USD Billion)
6.4. Hardware Wallet Market, Sub-Segment Analysis
6.4.1. Others

7. Global Hardware Wallets Market, By Verticles
7.1. Market overview
7.2. Global Hardware Wallets Market by Verticles, Performance – Potential Analysis
7.3. Global Hardware Wallets Market Estimates and Forecasts by Verticles 2018-2028 (USD Billion)
7.4. Hardware Wallet Market, Sub-Segment Analysis

8. Global Hardware Wallets Market, Regional Analysis
8.1. Hardware Wallet Market, Regional Market Overview
8.2. North America Hardware Wallet Market
8.3. Overview of the hardware wallet market in Europe
8.4. Asia-Pacific Hardware Wallet Market Overview
8.5. Overview of the hardware wallet market in Latin America
8.6. Rest of the World Hardware Wallet Market

9. Competitive Intelligence
9.1. Main market strategies
9.2. Company Profiles
9.2.1. Keyplayer1
9.2.1.1. InDuration Key
9.2.1.2. Insight
9.2.1.3. Financial (subject to data availability)
9.2.1.4. product details
9.2.1.5. RECENT DEVELOPMENTS

10. Research Process
10.1. Research process
10.1.1. Data mining
10.1.2. Analysis
10.1.3. Market estimate
10.1.4. Validation
10.1.5. Editing
10.2. Search attributes

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