Smartphones, POS hardware and crypto wallets are a rapidly growing segment of the blockchain industry.
According to a new market research report published by MarketsandMarket, the blockchain devices market is projected to grow from $218 million in 2019 to $1.285 billion by 2024.
The global forecast, covering 2019 to 2024, looks at several segments including blockchain smartphones, crypto hardware wallets, crypto ATMs, point-of-sale and other devices, personal and corporate applications, and wired and wireless connectivity.
The report covers North America, Europe, Asia-Pacific, and the rest of the world, highlighting leading companies.
Key Market Players
- Ledger SAS (France)
- HTC Corporation (Taiwan)
- Pundi X Labs Private Limited (Singapore)
- Filament (US)
- GENERAL BYTES R.O. (Czech Republic)
- RIDDLE&CODE (Austria)
- AVADO (Switzerland)
- Sikur (US)
- SIRIN LABS (Switzerland)
- Blockchain Luxembourg S.A. (UK)
- SatoshiLabs (Czech Republic)
- Genesis Coin Inc. (US)
- Lamassu Industries AG (Switzerland)
The researchers note,
“The pre-configured devices equipped with an operating system allow access to the blockchain network from a normal network. They are used to provide Web3 access and personal home servers to blockchain networks.
These devices majorly adopted in industries such as banking, financial service, and insurance (BFSI), government, retail & e-commerce, travel & hospitality, automotive, transportation & logistics, IT & telecommunication, etc.”
According to the report, North America is leading the way and is expected to maintain the largest market size in the next five years.
Despite the long list of hiccups and challenges that remain between blockchain entrepreneurs and US policymakers – from an ongoing lack of clear guidance from federal regulators,