Global Hardware Wallets Market-Industry Analysis and forecast 2027: Type, Distribution Channel, and Region.

Global Hardware Wallets Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at xx % through 2020 to 2027, reaching US$ XX Mn.   Global Hardware Wallets Market To know about the Research Methodology :- Request Free Sample Report

Global Hardware Wallets Market Overview:

Hardware wallets are an electronic device designed solely for the purpose of securing cryptocurrency. In a secure hardware device, it stores the user's private key. For cryptocurrency transfer, a hardware wallet must be connected to a computer, laptop or mobile phone. Hardware wallets aim to provide the masses with a safe, simple, and enjoyable solution for crypto management. The device has an impressive capability to simultaneously handle 100 crypto assets. Also supports wide support altcoins including Ethereum, Litecoin, Dogecoin, Zcash, Dash, Ripple and most ERC-20 tokens. A key driving factor for the hardware wallets market is the rise in cryptocurrency use for quick and stable transactions, primarily for global trading. With the assistance of blockchain technology, cryptocurrencies use a peer-to - peer decentralized system to perform transactions. There is no centralized body to oversee or authorize transactions, such as banks or servers. The blockchain platform allows network nodes to automatically record transactions within a distributed ledger and track them. A miner that confirms the transactions controls every node on the network. Furthermore, rising cryptocurrency investments have accelerated the global demand for hardware wallets. Circle Internet Financial Limited, a U.S.-based corporation, invested US$ 60 million in cryptocurrencies in 2016, for example. Likewise, in 2016, Ripple Labs, a US-based firm, invested US$ 55 million in cryptocurrencies. One of the key factors directly impacting the demand for hardware wallets is a lack of general understanding and knowledge of cryptocurrencies. These digital currencies are not seen by a significant number of consumers as a long-term investment but a risk to achieve short-term earnings. Based on type Hardware Wallets market is segmented by USB, NFC and Bluetooth. NFC dominated hardware wallets market due to the high frequency band used by most of the organizations due to the demand for NFC-enabled devices is increasing at an incredible pace, and the change from traditional ways of transferring data to smart technology will further fuel market growth over the next five years. Some of the major factors driving the market around the world are the dropping prices of NFC chips, the adoption of mobile commerce, the rising volume of cashless transactions, and the increasing adoption of smart appliances. Based on Distribution Channel, Online is the leading segment to dominate the market during the forecast period due to the increased e-commerce platform adoption by end-users pushing to the market growth. The key drivers are growing fast track digital data and enable to achieve insight into user behavior which motivates market development. The Hardware Wallets market in North America is anticipated to account for the highest revenue share contribution and projected to maintain its dominance in the target market during the forecast period. The attributing factor is due to the presence of major players with the advance technologies. For instance, In December 2017, SatoshiLabs SRO introduced and expanded cryptocurrency support in Trezor firmware 1.6.0. The Asia Pacific region is projected to register the fastest growth rate in the target market due to surge in penetration of smartphones and digitalizing the infrastructure in the region.

Global Hardware Wallets Market Competitive Landscape:

  Global Hardware Wallets Market1 The objective of the report is to present a comprehensive analysis of the Global Hardware Wallets Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Hardware Wallets Market dynamics, structure by analyzing the market segments and projects the Global Hardware Wallets Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Raw material portfolio, growth strategies, and regional presence in the Global Hardware Wallets Market make the report investor’s guide.

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Global Hardware Wallets Market, By Type

• USB • NFC • Bluetooth

Global Hardware Wallets Market, By Distribution Channel

• Offline • Online

Global Hardware Wallets Market, by Region

• North America • Europe • Asia-Pacific • ME & Africa • Latin America

Global Hardware Wallets Market Key Players

• Ledger SAS • SatoshiLabs s.r.o. (Trezor) • Yubico • KeepKey • Coinkite Inc. • CoolBitX • Shift Crypto AG • BitLox • ELLIPAL • Sugi (Sofitto NV) • CoolWallet • SafePal
Global Hardware Wallets Market 1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Hardware Wallets Market Size, by Market Value (US$ Mn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. Global Hardware Wallets Market Analysis and Forecast 7. Global Hardware Wallets Market Analysis and Forecast, by Type 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Hardware Wallets Market Value Share Analysis, by Type 7.4. Global Hardware Wallets Market Size (US$ Mn) Forecast, by Type 7.5. Global Hardware Wallets Market Analysis, by Type 7.6. Global Hardware Wallets Market Attractiveness Analysis, by Type 8. Global Hardware Wallets Market Analysis and Forecast, by Distribution Channel 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global Hardware Wallets Market Value Share Analysis, by Distribution Channel 8.4. Global Hardware Wallets Market Size (US$ Mn) Forecast, by Distribution Channel 8.5. Global Hardware Wallets Market Analysis, by Distribution Channel 8.6. Global Hardware Wallets Market Attractiveness Analysis, by Distribution Channel 9. Global Hardware Wallets Market Analysis and Forecast, by Region 9.1. Introduction and Definition 9.2. Key Findings 9.3. Global Hardware Wallets Market Value Share Analysis, by Region 9.4. Global Hardware Wallets Market Size (US$ Mn) Forecast, by Region 9.5. Global Hardware Wallets Market Analysis, by Region 10. Global Hardware Wallets Market Analysis 10.1. Key Findings 10.2. Global Hardware Wallets Market Overview 10.3. Global Hardware Wallets Market Forecast, by Type 10.3.1. USB 10.3.2. NFC 10.3.3. Bluetooth 10.4. Global Hardware Wallets Market Forecast, by Distribution Channel 10.4.1. Offline 10.4.2. Online 10.5. Global Hardware Wallets Market Forecast, by Region 10.5.1. North America 10.5.2. Europe 10.5.3. Asia-Pacific 10.5.4. ME & Africa 10.5.5. Latin America 10.6. PEST Analysis 10.7. Key Trends 10.8. Key Developments 11. North America Hardware Wallets Market Analysis 11.1. Key Findings 11.2. North America Hardware Wallets Market Forecast, by Type 11.2.1. USB 11.2.2. NFC 11.2.3. Bluetooth 11.3. North America Hardware Wallets Market Forecast, by Distribution Channel 11.3.1. Offline 11.3.2. Online 11.4. North America Hardware Wallets Market Forecast, by Country 11.4.1. US 11.4.2. Canada 11.5. US Hardware Wallets Market Forecast, by Type 11.5.1. USB 11.5.2. NFC 11.5.3. Bluetooth 11.6. US Hardware Wallets Market Forecast, by Distribution Channel 11.6.1. Offline 11.6.2. Online 11.7. Canada Hardware Wallets Market Forecast, by Type 11.7.1. USB 11.7.2. NFC 11.7.3. Bluetooth 11.8. Canada Hardware Wallets Market Forecast, by Distribution Channel 11.8.1. Offline 11.8.2. Online 11.9. PEST Analysis 11.10. Key Trends 11.11. Key Developments 12. Europe Hardware Wallets Market Analysis 12.1. Key Findings 12.2. Europe Hardware Wallets Market Overview 12.3. Europe Hardware Wallets Market Forecast, by Type 12.3.1. USB 12.3.2. NFC 12.3.3. Bluetooth 12.4. Europe Hardware Wallets Market Forecast, by Distribution Channel 12.4.1. Offline 12.4.2. Online 12.5. Europe Hardware Wallets Market Forecast, by Country 12.5.1. UK 12.5.2. France 12.5.3. Germany 12.5.4. Russia 12.5.5. Italy 12.5.6. Rest of Europe 12.6. UK Hardware Wallets Market Forecast, by Type 12.6.1. USB 12.6.2. NFC 12.6.3. Bluetooth 12.7. UK Hardware Wallets Market Forecast, by Distribution Channel 12.7.1. Offline 12.7.2. Online 12.8. France Hardware Wallets Market Forecast, by Type 12.8.1. USB 12.8.2. NFC 12.8.3. Bluetooth 12.9. France Hardware Wallets Market Forecast, by Distribution Channel 12.9.1. Offline 12.9.2. Online 12.10. Germany Hardware Wallets Market Forecast, by Type 12.10.1. USB 12.10.2. NFC 12.10.3. Bluetooth 12.11. Germany Hardware Wallets Market Forecast, by Distribution Channel 12.11.1. Offline 12.11.2. Online 12.12. Russia Hardware Wallets Market Forecast, by Type 12.12.1. USB 12.12.2. NFC 12.12.3. Bluetooth 12.13. Russia Hardware Wallets Market Forecast, by Distribution Channel 12.13.1. Offline 12.13.2. Online 12.14. Italy Hardware Wallets Market Forecast, by Type 12.14.1. USB 12.14.2. NFC 12.14.3. Bluetooth 12.15. Italy Hardware Wallets Market Forecast, by Distribution Channel 12.15.1. Offline 12.15.2. Online 12.16. Rest of Europe Hardware Wallets Market Forecast, by Type 12.16.1. USB 12.16.2. NFC 12.16.3. Bluetooth 12.17. Rest of Europe Hardware Wallets Market Forecast, by Distribution Channel 12.17.1. Offline 12.17.2. Online 12.18. PEST Analysis 12.19. Key Trends 12.20. Key Developments 13. Asia Pacific Hardware Wallets Market Analysis 13.1. Key Findings 13.2. Asia Pacific Hardware Wallets Market Overview 13.3. Asia Pacific Hardware Wallets Market Forecast, by Type 13.3.1. USB 13.3.2. NFC 13.3.3. Bluetooth 13.4. Asia Pacific Hardware Wallets Market Forecast, by Distribution Channel 13.4.1. Offline 13.4.2. Online 13.5. Asia Pacific Hardware Wallets Market Forecast, by Country 13.5.1. China 13.5.2. India 13.5.3. Japan 13.5.4. Malaysia 13.5.5. Indonesia 13.5.6. Rest of Asia-Pacific 13.6. China Hardware Wallets Market Forecast, by Type 13.6.1. USB 13.6.2. NFC 13.6.3. Bluetooth 13.7. China Hardware Wallets Market Forecast, by Distribution Channel 13.7.1. Offline 13.7.2. Online 13.8. India Hardware Wallets Market Forecast, by Type 13.8.1. USB 13.8.2. NFC 13.8.3. Bluetooth 13.9. India Hardware Wallets Market Forecast, by Distribution Channel 13.9.1. Offline 13.9.2. Online 13.10. Japan Hardware Wallets Market Forecast, by Type 13.10.1. USB 13.10.2. NFC 13.10.3. Bluetooth 13.11. Japan Hardware Wallets Market Forecast, by Distribution Channel 13.11.1. Offline 13.11.2. Online 13.12. Indonesia Hardware Wallets Market Forecast, by Type 13.12.1. USB 13.12.2. NFC 13.12.3. Bluetooth 13.13. Indonesia Hardware Wallets Market Forecast, by Distribution Channel 13.13.1. Offline 13.13.2. Online 13.14. Malaysia Hardware Wallets Market Forecast, by Type 13.14.1. USB 13.14.2. NFC 13.14.3. Bluetooth 13.15. Malaysia Hardware Wallets Market Forecast, by Distribution Channel 13.15.1. Offline 13.15.2. Online 13.16. Rest of Asia Pacific Hardware Wallets Market Forecast, by Type 13.16.1. USB 13.16.2. NFC 13.16.3. Bluetooth 13.17. Rest of Asia Pacific Hardware Wallets Market Forecast, by Distribution Channel 13.17.1. Offline 13.17.2. Online 13.18. PEST Analysis 13.19. Key Trends 13.20. Key Developments 14. ME & Africa Hardware Wallets Market Analysis 14.1. Key Findings 14.2. ME & Africa Hardware Wallets Market Overview 14.3. ME & Africa Hardware Wallets Market Forecast, by Type 14.3.1. USB 14.3.2. NFC 14.3.3. Bluetooth 14.4. ME & Africa Hardware Wallets Market Forecast, by Distribution Channel 14.4.1. Offline 14.4.2. Online 14.5. ME &Africa Hardware Wallets Market Forecast, by Country 14.5.1. GCC 14.5.2. South Africa 14.5.3. Rest of MEA & Africa 14.6. GCC Hardware Wallets Market Forecast, by Type 14.6.1. USB 14.6.2. NFC 14.6.3. Bluetooth 14.7. GCC Hardware Wallets Market Forecast, by Distribution Channel 14.7.1. Offline 14.7.2. Online 14.8. South Africa Hardware Wallets Market Forecast, by Type 14.8.1. USB 14.8.2. NFC 14.8.3. Bluetooth 14.9. South Africa Hardware Wallets Market Forecast, by Distribution Channel 14.9.1. Offline 14.9.2. Online 14.10. Rest of ME &Africa Hardware Wallets Market Forecast, by Type 14.10.1. USB 14.10.2. NFC 14.10.3. Bluetooth 14.11. Rest of ME &Africa Hardware Wallets Market Forecast, by Distribution Channel 14.11.1. Offline 14.11.2. Online 14.12. PEST Analysis 14.13. Key Trends 14.14. Key Developments 15. Latin America Hardware Wallets Market Analysis 15.1. Key Findings 15.2. Latin America Hardware Wallets Market Overview 15.3. Latin America Hardware Wallets Market Forecast, by Type 15.3.1. USB 15.3.2. NFC 15.3.3. Bluetooth 15.4. Latin America Hardware Wallets Market Forecast, by Distribution Channel 15.4.1. Offline 15.4.2. Online 15.5. Latin America Hardware Wallets Market Forecast, by Country 15.5.1. Mexico 15.5.2. Brazil 15.5.3. Rest of Latin America 15.6. Mexico Hardware Wallets Market Forecast, by Type 15.6.1. USB 15.6.2. NFC 15.6.3. Bluetooth 15.7. Mexico Hardware Wallets Market Forecast, by Distribution Channel 15.7.1. Offline 15.7.2. Online 15.8. Brazil Hardware Wallets Market Forecast, by Type 15.8.1. USB 15.8.2. NFC 15.8.3. Bluetooth 15.9. Brazil Hardware Wallets Market Forecast, by Distribution Channel 15.9.1. Offline 15.9.2. Online 15.10. Rest of Latin America Hardware Wallets Market Forecast, by Type 15.10.1. USB 15.10.2. NFC 15.10.3. Bluetooth 15.11. Rest of Latin America Hardware Wallets Market Forecast, by Distribution Channel 15.11.1. Offline 15.11.2. Online 15.12. PEST Analysis 15.13. Key Trends 15.14. Key Developments 16. Company Profiles 16.1. Market Share Analysis, by Company 16.2. Market Share Analysis, by Region 16.3. Market Share Analysis, by Country 16.4. Competition Matrix 16.4.1. Competitive Benchmarking of key players by price, presence, market share, Raw material and R&D investment 16.4.2. New Raw material Launches and Raw material Enhancements 16.4.2.1. Market Consolidation 16.4.2.2. M&A by Regions, Investment and Raw material 16.4.2.3. M&A Key Players, Forward Integration and Backward Integration 16.5. Company Profiles: Key Players 16.5.1. Ledger SAS 16.5.2. SatoshiLabs s.r.o. (Trezor) 16.5.3. Yubico 16.5.4. KeepKey 16.5.5. Coinkite Inc. 16.5.6. CoolBitX 16.5.7. Shift Crypto AG 16.5.8. BitLox 16.5.9. ELLIPAL 16.5.10. Sugi (Sofitto NV) 16.5.11. CoolWallet 16.5.12. SafePal 17. Primary Key Insights.

About This Report

Report ID 78277
Category Information Technology & Telecommunication
Published Date November 2020
Updated Date
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