Product Code: SE11817
The market for cryptocurrency is expanding rapidly as corporate users in the banking, financial services, & insurance (BFSI) sector and government offices are increasingly adopting cryptocurrencies. Digital currency which is not regulated by any central authority is referred to as a cryptocurrency. No bank is involved in the transactions of these currencies and a decentralized system is in place for checking and validating every transaction. The concept of cryptocurrency became famous after the launch of Bitcoin, following which different companies started launching new cryptocurrencies. Since many retailers started accepting cryptocurrency as a mode of payment, the adoption of blockchain devices has also increased.
Blockchain devices are designed for handling the blockchain technology transactions and work in the same way as blockchain technology, i.e. decentralized system or decentralized ledger. The primary application of the blockchain technology is cryptocurrency. As per a report by P&S Intelligence, in 2019, the global blockchain devices market generated a revenue of 0.3% billion and is projected to reach $23.5 billion by 2030, advancing at a 48.7% CAGR during the forecast period (2020-2030). Blockchain devices are used for both personal and corporate applications; however, the larger demand for blockchain devices is predicted to be created for corporate applications during the forecast period.
Different types of blockchain devices are point of sales terminals, blockchain smartphones, crypto automated teller machines (ATMs), and crypto hardware wallets. Some other types are blockchain gateways and pre-configured devices. Out of these, the largest demand during 2014-2019 was created for crypto hardware wallets, which are going to be the most in demand in the coming years as well, particularly because of the growing cryptocurrency market. As the number of transactions and cryptocurrency users are increasing, the requirement for securing cryptocurrency is rising as well. The users can use software-based and hardware-based wallets for keeping cryptocurrency safe. The fastest growth in demand is expected to be witnessed by crypto ATMs during the forecast period.
Several industries which make use of blockchain devices are retail, BFSI, transportation & logistics, government, travel & hospitality, and some other industries including IT & telecommunication and automotive. During 2014-2019, the BFSI sector created the largest demand for blockchain devices and the situation is projected to remain the same in the coming years as well. This is because, the blockchain technology is being utilized in the BFSI sector for different applications such as fundraising, loans and credits, payments, trade finance, and clearance and settlement systems. The fastest growth in demand for blockchain devices is predicted to be created by the retail sector during the forecast period.
The demand for blockchain solutions is increasing due to the rising adoption of the blockchain technology by companies for strengthening their day-to-day operations and increasing security. This is contributing significantly to the growth of the blockchain devices market. These devices provide the highest safety and security when it comes to exchanging money, data, and information. The BFSI sector is prone to frauds and errors related to money management systems, which is why the sector is increasingly making use of blockchain devices
TABLE OF CONTENTS
Chapter 1. Research Background
- 1.1 Research Objectives
- 1.2 Market Definition
- 1.3 Research Scope
- 1.3.1 Market Segmentation by Type
- 1.3.2 Market Segmentation by Connectivity
- 1.3.3 Market Segmentation by Application
- 1.3.4 Market Segmentation by End User
- 1.3.5 Market Segmentation by Region
- 1.3.6 Analysis Period
- 1.3.7 Market Data Reporting Unit
- 1.3.7.1 Value
- 1.3.7.2 Volume
- 1.4 Key Stakeholders
Chapter 2. Research Methodology
- 2.1 Secondary Research
- 2.2 Primary Research
- 2.2.1 Breakdown of Primary Research Respondents
- 2.2.1.1 By region
- 2.2.1.2 By industry participant
- 2.2.1.3 By company type
- 2.3 Market Size Estimation
- 2.4 Data Triangulation
- 2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
- 4.1 Definition of Market Segments
- 4.1.1 By Type
- 4.1.1.1 Blockchain smartphones
- 4.1.1.2 Crypto hardware wallets
- 4.1.1.3 Crypto ATMs
- 4.1.1.4 POS terminals
- 4.1.1.5 Others
- 4.1.2 By Connectivity
- 4.1.2.1 Wired
- 4.1.2.2 Wireless
- 4.1.3 By Application
- 4.1.3.1 Personal
- 4.1.3.2 Corporate
- 4.1.4 By End User
- 4.1.4.1 BFSI
- 4.1.4.2 Government
- 4.1.4.3 Retail
- 4.1.4.4 Travel and hospitality
- 4.1.4.5 Transportation and logistics
- 4.1.4.6 Others
- 4.2 Value Chain Analysis
- 4.3 Market Dynamics
- 4.3.1 Trends
- 4.3.1.1 Wireless blockchain devices
- 4.3.1.2 Decreasing cost of blockchain smartphones
- 4.3.2 Drivers
- 4.3.2.1 Growing demand for blockchain solutions
- 4.3.2.2 Growing market for cryptocurrency
- 4.3.2.3 Impact analysis of drivers on market forecast
- 4.3.3 Restraints
- 4.3.3.1 Uncertain government regulations
- 4.3.3.2 Impact analysis of restraints on market forecast
- 4.3.4 Opportunities
- 4.3.4.1 Use of blockchain technology in supply chain
- 4.3.4.2 Increasing usage of cryptocurrency as a mode of payment
- 4.4 Porter's Five Forces Analysis
Chapter 5. Global Market Size and Forecast
- 5.1 By Type
- 5.2 By Connectivity
- 5.3 By Application
- 5.4 By Industry
- 5.5 By Region
Chapter 6. North America Market Size and Forecast
- 6.1 By Type
- 6.2 By Connectivity
- 6.3 By Application
- 6.4 By Industry
- 6.5 By Country
Chapter 7. Europe Market Size and Forecast
- 7.1 By Type
- 7.2 By Connectivity
- 7.3 By Application
- 7.4 By Industry
- 7.5 By Country
Chapter 8. APAC Market Size and Forecast
- 8.1 By Type
- 8.2 By Connectivity
- 8.3 By Application
- 8.4 By Industry
- 8.5 By Country
Chapter 9. RoW Market Size and Forecast
- 9.1 By Type
- 9.2 By Connectivity
- 9.3 By Application
- 9.4 By Industry
- 9.5 By Country
Chapter 10. Competitive Landscape
- 10.1 List of Players and Their Offerings
- 10.2 Analysis of Key Players in the Market
- 10.3 Competitive Benchmarking of Key Players
- 10.4 Recent Activity of Key Players
- 10.5 Strategic Developments of Key Players
- 10.5.1 Product Launches
- 10.5.2 Geographic Expansions
- 10.5.3 Partnerships
- 10.5.4 Other Developments
Chapter 11. Company Profiles
- 11.1 Ledger SAS
- 11.1.1 Business Overview
- 11.1.2 Product and Service Offerings
- 11.2 SatoshiLabs s.r.o.
- 11.2.1 Business Overview
- 11.2.2 Product and Service Offerings
- 11.3 Sirin Labs AG
- 11.3.1 Business Overview
- 11.3.2 Product and Service Offerings
- 11.4 Pundi X Labs Private Limited
- 11.4.1 Business Overview
- 11.4.2 Product and Service Offerings
- 11.5 HTC Corporation
- 11.5.1 Business Overview
- 11.5.2 Product and Service Offerings
- 11.5.3 Key Financial Summary
- 11.6 Samsung Electronics Co. Ltd.
- 11.6.1 Business Overview
- 11.6.2 Product and Service Offerings
- 11.6.3 Key Financial Summary
- 11.7 Lamassu Industries AG
- 11.7.1 Business Overview
- 11.7.2 Product and Service Offerings
- 11.8 Blockchain Luxembourg S.A.
- 11.8.1 Business Overview
- 11.8.2 Product and Service Offerings
- 11.9 RIDDLE&CODE GmbH
- 11.9.1 Business Overview
- 11.9.2 Product and Service Offerings
- 11.10 GENERAL BYTES s.r.o.
- 11.10.1 Business Overview
- 11.10.2 Product and Service Offerings
Chapter 12. Appendix
- 12.1 Abbreviations
- 12.2 Sources and References
- 12.3 Related Reports
List of Tables
- TABLE 1 ANALYSIS PERIOD OF THE STUDY
- TABLE 2 DRIVERS FOR THE MARKET: IMPACT ANALYSIS
- TABLE 3 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS
- TABLE 4 GLOBAL BLOCKCHAIN DEVICES MARKET, BY TYPE, $M (2014-2019)
- TABLE 5 GLOBAL BLOCKCHAIN DEVICES MARKET, BY TYPE, $M (2020-2030)
- TABLE 6 GLOBAL BLOCKCHAIN DEVICES MARKET, BY TYPE, '00 UNITS (2014-2019)
- TABLE 7 GLOBAL BLOCKCHAIN DEVICES MARKET, BY TYPE, '00 UNITS (2020-2030)
- TABLE 8 GLOBAL BLOCKCHAIN DEVICES MARKET, BY CONNECTIVITY, $M (2014-2019)
- TABLE 9 GLOBAL BLOCKCHAIN DEVICES MARKET, BY CONNECTIVITY, $M (2020-2030)
- TABLE 10 GLOBAL BLOCKCHAIN DEVICES MARKET, BY APPLICATION, $M (2014-2019)
- TABLE 11 GLOBAL BLOCKCHAIN DEVICES MARKET, BY APPLICATION, $M (2020-2030)
- TABLE 12 GLOBAL BLOCKCHAIN DEVICES MARKET, BY INDUSTRY, $M (2014-2019)
- TABLE 13 GLOBAL BLOCKCHAIN DEVICES MARKET, BY INDUSTRY, $M (2020-2030)
- TABLE 14 GLOBAL BLOCKCHAIN DEVICES MARKET, BY REGION, $M (2014-2019)
- TABLE 15 GLOBAL BLOCKCHAIN DEVICES MARKET, BY REGION, $M (2020-2030)
- TABLE 16 GLOBAL BLOCKCHAIN DEVICES MARKET, BY REGION, '00 UNITS (2014-2019)
- TABLE 17 GLOBAL BLOCKCHAIN DEVICES MARKET, BY REGION, '00 UNITS (2020-2030)
- TABLE 18 NORTH AMERICA BLOCKCHAIN DEVICES MARKET, BY TYPE, $M (2014-2019)
- TABLE 19 NORTH AMERICA BLOCKCHAIN DEVICES MARKET, BY TYPE, $M (2020-2030)
- TABLE 20 NORTH AMERICA BLOCKCHAIN DEVICES MARKET, BY TYPE, '00 UNITS (2014-2019)
- TABLE 21 NORTH AMERICA BLOCKCHAIN DEVICES MARKET, BY TYPE, '00 UNITS (2020-2030)
- TABLE 22 NORTH AMERICA BLOCKCHAIN DEVICES MARKET, BY CONNECTIVITY, $M (2014-2019)
- TABLE 23 NORTH AMERICA BLOCKCHAIN DEVICES MARKET, BY CONNECTIVITY, $M (2020-2030)
- TABLE 24 NORTH AMERICA BLOCKCHAIN DEVICES MARKET, BY APPLICATION, $M (2014-2019)
- TABLE 25 NORTH AMERICA BLOCKCHAIN DEVICES MARKET, BY APPLICATION, $M (2020-2030)
- TABLE 26 NORTH AMERICA BLOCKCHAIN DEVICES MARKET, BY INDUSTRY, $M (2014-2019)
- TABLE 27 NORTH AMERICA BLOCKCHAIN DEVICES MARKET, BY INDUSTRY, $M (2020-2030)
- TABLE 28 NORTH AMERICA BLOCKCHAIN DEVICES MARKET, BY COUNTRY, $M (2014-2019)
- TABLE 29 NORTH AMERICA BLOCKCHAIN DEVICES MARKET, BY COUNTRY, $M (2020-2030)
- TABLE 30 EUROPE BLOCKCHAIN DEVICES MARKET, BY TYPE, $M (2014-2019)
- TABLE 31 EUROPE BLOCKCHAIN DEVICES MARKET, BY TYPE, $M (2020-2030)
- TABLE 32 EUROPE BLOCKCHAIN DEVICES MARKET, BY TYPE, '00 UNITS (2014-2019)
- TABLE 33 EUROPE BLOCKCHAIN DEVICES MARKET, BY TYPE, '00 UNITS (2020-2030)
- TABLE 34 EUROPE BLOCKCHAIN DEVICES MARKET, BY CONNECTIVITY, $M (2014-2019)
- TABLE 35 EUROPE BLOCKCHAIN DEVICES MARKET, BY CONNECTIVITY, $M (2020-2030)
- TABLE 36 EUROPE BLOCKCHAIN DEVICES MARKET, BY APPLICATION, $M (2014-2019)
- TABLE 37 EUROPE BLOCKCHAIN DEVICES MARKET, BY APPLICATION, $M (2020-2030)
- TABLE 38 EUROPE BLOCKCHAIN DEVICES MARKET, BY INDUSTRY, $M (2014-2019)
- TABLE 39 EUROPE BLOCKCHAIN DEVICES MARKET, BY INDUSTRY, $M (2020-2030)
- TABLE 40 EUROPE BLOCKCHAIN DEVICES MARKET, BY COUNTRY, $M (2014-2019)
- TABLE 41 EUROPE BLOCKCHAIN DEVICES MARKET, BY COUNTRY, $M (2020-2030)
- TABLE 42 APAC BLOCKCHAIN DEVICES MARKET, BY TYPE, $M (2014-2019)
- TABLE 43 APAC BLOCKCHAIN DEVICES MARKET, BY TYPE, $M (2020-2030)
- TABLE 44 APAC BLOCKCHAIN DEVICES MARKET, BY TYPE, '00 UNITS (2014-2019)
- TABLE 45 APAC BLOCKCHAIN DEVICES MARKET, BY TYPE, '00 UNITS (2020-2030)
- TABLE 46 APAC BLOCKCHAIN DEVICES MARKET, BY CONNECTIVITY, $M (2014-2019)
- TABLE 47 APAC BLOCKCHAIN DEVICES MARKET, BY CONNECTIVITY, $M (2020-2030)
- TABLE 48 APAC BLOCKCHAIN DEVICES MARKET, BY APPLICATION, $M (2014-2019)
- TABLE 49 APAC BLOCKCHAIN DEVICES MARKET, BY APPLICATION, $M (2020-2030)
- TABLE 50 APAC BLOCKCHAIN DEVICES MARKET, BY INDUSTRY, $M (2014-2019)
- TABLE 51 APAC BLOCKCHAIN DEVICES MARKET, BY INDUSTRY, $M (2020-2030)
- TABLE 52 APAC BLOCKCHAIN DEVICES MARKET, BY COUNTRY, $M (2014-2019)
- TABLE 53 APAC BLOCKCHAIN DEVICES MARKET, BY COUNTRY, $M (2020-2030)
- TABLE 54 ROW BLOCKCHAIN DEVICES MARKET, BY TYPE, $M (2014-2019)
- TABLE 55 ROW BLOCKCHAIN DEVICES MARKET, BY TYPE, $M (2020-2030)
- TABLE 56 ROW BLOCKCHAIN DEVICES MARKET, BY TYPE, '00 UNITS (2014-2019)
- TABLE 57 ROW BLOCKCHAIN DEVICES MARKET, BY TYPE, '00 UNITS (2020-2030)
- TABLE 58 ROW BLOCKCHAIN DEVICES MARKET, BY CONNECTIVITY, $M (2014-2019)
- TABLE 59 ROW BLOCKCHAIN DEVICES MARKET, BY CONNECTIVITY, $M (2020-2030)
- TABLE 60 ROW BLOCKCHAIN DEVICES MARKET, BY APPLICATION, $M (2014-2019)
- TABLE 61 ROW BLOCKCHAIN DEVICES MARKET, BY APPLICATION, $M (2020-2030)
- TABLE 62 ROW BLOCKCHAIN DEVICES MARKET, BY INDUSTRY, $M (2014-2019)
- TABLE 63 ROW BLOCKCHAIN DEVICES MARKET, BY INDUSTRY, $M (2020-2030)
- TABLE 64 ROW BLOCKCHAIN DEVICES MARKET, BY COUNTRY, $M (2014-2019)
- TABLE 65 ROW BLOCKCHAIN DEVICES MARKET, BY COUNTRY, $M (2020-2030)
- TABLE 66 LIST OF PLAYERS AND THEIR OFFERINGS
- TABLE 67 COMPETITIVE BENCHMARKING OF KEY PLAYERS
- TABLE 68 LEDGER SAS - AT A GLANCE
- TABLE 69 SATOSHILABS S.R.O.- AT A GLANCE
- TABLE 70 SIRIN LABS AG - AT A GLANCE
- TABLE 71 PUNDI X LABS PRIVATE LIMITED - AT A GLANCE
- TABLE 72 HTC CORPORATION - AT A GLANCE
- TABLE 73 HTC CORPORATION - KEY FINANCIAL SUMMARY
- TABLE 74 SAMSUNG ELECTRONICS CO. LTD. - AT A GLANCE
- TABLE 75 SAMSUNG ELECTRONICS CO. LTD. - KEY FINANCIAL SUMMARY
- TABLE 76 LAMASSU INDUSTRIES AG - AT A GLANCE
- TABLE 77 BLOCKCHAIN LUXEMBOURG S.A. - AT A GLANCE
- TABLE 78 RIDDLE&CODE GMBH - AT A GLANCE
- TABLE 79 GENERAL BYTES S.R.O. - AT A GLANCE
-
List of Figures
- FIG 1 RESEARCH SCOPE
- FIG 2 RESEARCH METHODOLOGY
- FIG 3 REGIONAL SPLIT OF PRIMARY AND SECONDARY RESEARCH
- FIG 4 BREAKDOWN OF PRIMARY RESEARCH BY REGION
- FIG 5 BREAKDOWN OF PRIMARY RESEARCH BY INDUSTRY PARTICIPANT
- FIG 6 BREAKDOWN OF PRIMARY RESEARCH BY COMPANY TYPE
- FIG 7 DATA TRIANGULATION APPROACH
- FIG 8 GLOBAL BLOCKCHAIN DEVICES MARKET SUMMARY
- FIG 9 VALUE CHAIN ANALYSIS OF BLOCKCHAIN DEVICES MARKET
- FIG 10 CRYPTOCURRENCY REGULATIONS
- FIG 11 BARGAINING POWER OF BUYERS
- FIG 12 BARGAINING POWER OF SUPPLIERS
- FIG 13 INTENSITY OF RIVALRY
- FIG 14 THREAT OF NEW ENTRANTS
- FIG 15 THREAT OF SUBSTITUTES
- FIG 16 GLOBAL BLOCKCHAIN DEVICES MARKET, BY TYPE, $M (2014-2030)
- FIG 17 GLOBAL BLOCKCHAIN DEVICES MARKET, BY CONNECTIVITY, $M (2014-2030)
- FIG 18 GLOBAL BLOCKCHAIN DEVICES MARKET, BY APPLICATION, $M (2014-2030)
- FIG 19 GLOBAL BLOCKCHAIN DEVICES MARKET, BY INDUSTRY, $M (2014-2030)
- FIG 20 WORLDWIDE MAJOR MARKETS FOR BLOCKCHAIN DEVICES
- FIG 21 GLOBAL BLOCKCHAIN DEVICES MARKET, BY REGION, $M (2014-2030)
- FIG 22 NORTH AMERICA BLOCKCHAIN DEVICES MARKET SNAPSHOT
- FIG 23 NORTH AMERICA BLOCKCHAIN DEVICES MARKET, BY TYPE, $M (2014-2030)
- FIG 24 NORTH AMERICA BLOCKCHAIN DEVICES MARKET, BY CONNECTIVITY, $M (2014-2030)
- FIG 25 NORTH AMERICA BLOCKCHAIN DEVICES MARKET, BY APPLICATION, $M (2014-2030)
- FIG 26 NORTH AMERICA BLOCKCHAIN DEVICES MARKET, BY INDUSTRY, $M (2014-2030)
- FIG 27 NORTH AMERICA BLOCKCHAIN DEVICES MARKET, BY COUNTRY, $M (2014-2030)
- FIG 28 EUROPE BLOCKCHAIN DEVICES MARKET SNAPSHOT
- FIG 29 EUROPE BLOCKCHAIN DEVICES MARKET, BY TYPE, $M (2014-2030)
- FIG 30 EUROPE BLOCKCHAIN DEVICES MARKET, BY CONNECTIVITY, $M (2014-2030)
- FIG 31 EUROPE BLOCKCHAIN DEVICES MARKET, BY APPLICATION, $M (2014-2030)
- FIG 32 EUROPE BLOCKCHAIN DEVICES MARKET, BY INDUSTRY, $M (2014-2030)
- FIG 33 EUROPE BLOCKCHAIN DEVICES MARKET, BY COUNTRY, $M (2014-2030)
- FIG 34 APAC BLOCKCHAIN DEVICES MARKET SNAPSHOT
- FIG 35 APAC BLOCKCHAIN DEVICES MARKET, BY TYPE, $M (2014-2030)
- FIG 36 APAC BLOCKCHAIN DEVICES MARKET, BY CONNECTIVITY, $M (2014-2030)
- FIG 37 APAC BLOCKCHAIN DEVICES MARKET, BY APPLICATION, $M (2014-2030)
- FIG 38 APAC BLOCKCHAIN DEVICES MARKET, BY INDUSTRY, $M (2014-2030)
- FIG 39 APAC BLOCKCHAIN DEVICES MARKET, BY COUNTRY, $M (2014-2030)
- FIG 40 ROW BLOCKCHAIN DEVICES MARKET SNAPSHOT
- FIG 41 Y-O-Y INFLATION RATE IN LATAM, BY COUNTRY, % (2014-2018)
- FIG 42 ROW BLOCKCHAIN DEVICES MARKET, BY TYPE, $M (2014-2030)
- FIG 43 ROW BLOCKCHAIN DEVICES MARKET, BY CONNECTIVITY, $M (2014-2030)
- FIG 44 ROW BLOCKCHAIN DEVICES MARKET, BY APPLICATION, $M (2014-2030)
- FIG 45 ROW BLOCKCHAIN DEVICES MARKET, BY INDUSTRY, $M (2014-2030)
- FIG 46 ROW BLOCKCHAIN DEVICES MARKET, BY COUNTRY, $M (2014-2030)
- FIG 47 BLOCKCHAIN DEVICES MARKET PLAYERS' RANKING (2019)
- FIG 48 RECENT ACTIVITIES OF KEY PLAYERS
- FIG 49 HTC CORPORATION - REVENUE SPLIT BY GEOGRAPHY (2018)
- FIG 50 SAMSUNG ELECTRONICS CO. LTD. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)