Worldwide Hardware Wallet Industry To 2027 - Featuring Archo...| MENAFN.COM

Tuesday, 27 September 2022 10:41 GMT

Worldwide Hardware Wallet Industry To 2027 - Featuring Archos, Bitlox, Coinkite And Coolbitx Among Others'

(MENAFN- PR Newswire)

DUBLIN, July 19, 2022 /PRNewswire/ -- The 'Hardware Wallet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027' report has been added to's offering.

The global hardware wallet market reached a value of US$ 251.6 Million in 2021. Looking forward, the publisher expects the market to reach a value of US$ 1,148.50 Million by 2027 exhibiting a CAGR of 27.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.A hardware wallet is a high-security cryptocurrency wallet that provides users access to a private key for purchasing and trading crypto assets. In comparison to a software wallet, hardware wallets function as cold storage to protect pins from hackers. On the other hand, the software wallets can be identified as extracting smartphone application that digitally protects private keys. Hardware apps comprise Ledger, Keep Key, Pro key, and Trezor.The increasing digitalization across various verticals and the legalization and approval of the purchase, sale, and trade of several virtual currencies, such as Bitcoin, Ethereum and Cardano, represent key factors primarily driving the market growth. In line with this, market players are launching hardware wallet apps for simplifying cryptocurrencies exchange. Furthermore, the integration of blockchain and distributed ledger technology for ensuring transparency by minimalizing the risks of hacking and other fraudulent activities is another growth-inducing factor.

In line with this, the escalating prevalence of cybercrime and the growing usage of e-commerce platforms, along with steadily increasing data vulnerability are stimulating market growth. The market is further driven by the fueling demand for market capitalization and the introduction of bitcoin lite and bitcoin cash.

Additionally, the widespread adoption of wireless hardware wallets due to direct control, long-term storage and security is contributing to the market growth. The rising utilization of near-field communication (NFC) for wireless data transferring is also propelling the market toward growth. Other factors, such as the emerging trend of digital and cashless payments, especially in the developing regions, are driving the market toward growth.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Archos, BitLox Limited, Coinkite Inc., CoolBitX, ELLIPAL Limited, Ledger SAS, OPOLO SARL, Penta Security Systems Inc., SatoshiLabs s.r.o., ShapeShift, Shift Crypto AG and Sugi (Sofitto NV). Key Questions Answered in this Report:

  • How has the global hardware wallet market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global hardware wallet market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the connection type?
  • What is the breakup of the market based on the distribution channel?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global hardware wallet market and who are the key players?
  • What is the degree of competition in the industry?

Key Topics Covered: 1 Preface 2 Scope and Methodology 3 Executive Summary 4 Introduction 4.1 Overview4.2 Key Industry Trends 5 Global Hardware Wallet Market 5.1 Market Overview5.2 Market Performance5.3 Impact of COVID-195.4 Market Forecast 6 Market Breakup by Type 6.1 Hot Wallet6.1.1 Market Trends6.1.2 Market Forecast6.2 Cold Wallet6.2.1 Market Trends6.2.2 Market Forecast 7 Market Breakup by Connection Type 7.1 Near-field Communication (NFC)7.1.1 Market Trends7.1.2 Market Forecast7.2 Bluetooth 7.2.1 Market Trends7.2.2 Market Forecast7.3 USB7.3.1 Market Trends7.3.2 Market Forecast 8 Market Breakup by Distribution Channel 8.1 Online8.1.1 Market Trends8.1.2 Market Forecast8.2 Offline8.2.1 Market Trends8.2.2 Market Forecast 9 Market Breakup by End User 9.1 Commercial9.1.1 Market Trends9.1.2 Market Forecast9.2 Individual9.2.1 Market Trends9.2.2 Market Forecast 10 Market Breakup by Region 11 SWOT Analysis 12 Value Chain Analysis 13 Porters Five Forces Analysis 14 Price Analysis 15 Competitive Landscape 15.1 Market Structure15.2 Key Players15.3 Profiles of Key Players15.3.1 Archos15.3.1.1 Company Overview15.3.1.2 Product Portfolio15.3.1.3 Financials15.3.2 BitLox Limited15.3.2.1 Company Overview15.3.2.2 Product Portfolio15.3.3 Coinkite Inc. Company Overview15.3.3.2 Product Portfolio15.3.4 CoolBitX Company Overview15.3.4.2 Product Portfolio15.3.5 ELLIPAL Limited15.3.5.1 Company Overview15.3.5.2 Product Portfolio15.3.6 Ledger SAS15.3.6.1 Company Overview15.3.6.2 Product Portfolio15.3.7 OPOLO SARL15.3.7.1 Company Overview15.3.7.2 Product Portfolio15.3.8 Penta Security Systems Inc. Company Overview15.3.8.2 Product Portfolio15.3.9 SatoshiLabs s.r.o. Company Overview15.3.9.2 Product Portfolio15.3.10 ShapeShift15.3.10.1 Company Overview15.3.10.2 Product Portfolio15.3.11 Shift Crypto AG15.3.11.1 Company Overview15.3.11.2 Product Portfolio15.3.12 Sugi (Sofitto NV) Company Overview15.3.12.2 Product Portfolio

For more information about this report visit

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SOURCE Research and Markets


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