Report Description
A recent market
intelligence report that is published by Data Insights Partner on the global Cryptocurrency
Hardware Wallet Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Cryptocurrency Hardware Wallet Market.
The research also emphasizes on the impact of restraints, drivers, and macro
indicators on the regional and global Cryptocurrency Hardware Wallet Market over
the short as well as long period of time. A detailed presentation of forecast, trends,
and dollar values of global Cryptocurrency Hardware Wallet Market is offered. In
accordance with the report, the global Cryptocurrency Hardware Wallet Market is
projected to expand at a CAGR of 72.86% over the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
A hardware
wallet is a special type of vault that stores cryptocurrency private keys and
safe storage of users in a secure hardware device. Via USB, these devices can
be easily connected to the computer or smartphone.
Investment in
cryptocurrency has risen significantly in the past few years. Many individuals
are saving their cryptocurrency with their private key. Thus, ever growing
adoption of cryptocurrency is the key driver for the growth of global
cryptocurrency hardware market in the forecast period. Hardware Wallets are the
safest options as compared to other types of wallets like mobile wallets, paper
wallets, desktop wallets or online/web wallets because of its feature of
storing private keys on a separate device that functions like a USB thereby providing
security. They can be used for online transactions, thereby serving the purpose
of an online wallet but with added security of storing large amount of
crytocurrency. Cold Storage and lower risk of losing cryptocurrency is
drastically lower thereby driving the growth of this market considerably in the
forecast period.
However, the
major disadvantage of hardware wallets that can hinder the growth of the global
cryptocurrency hardware wallet is the cost. As compare to other type of
wallets, hardware wallets are comparatively expensive. Also, hardware wallets
are less convenient for making on-the-go transactions, however they are more in
demand for storing cryptocurrency.
Companies in the
region of Asia Pacific are coming up with new products in order to cater this
segment, which is further driving the growth of this market. Many manufacturers
are designing next level hardware wallets to sustain the market, thereby having
an edge. For e.g. Ledger recently introduced Ledger Nano X, that won the CES Innovation
Honoree Award, underlining the innovation it brings to the hardware wallet
market.
Segment Covered:
This market
intelligence report on the global Cryptocurrency Hardware Wallet Market encompasses
market segments based on product type, application and country/regions.
In terms of type, the global Cryptocurrency
Hardware Wallet Market
is segregated into
§ USB Connectivity Type
§ Bluetooth Connectivity Type
§ NFC Connectivity Type
§ Others
By application, the global Cryptocurrency
Hardware Wallet Market
is also classified into,
§ Individual
§ Professionals
§ Others
By country/region, the global Cryptocurrency Hardware
Wallet Market has been divided
into
§ North America (the U.S., Canada),
§ Latin America (Brazil, Mexico, Argentina and other
countries),
§ Europe (Germany, France, the U.K., Spain, Italy, Russia,
and other countries),
§ Asia Pacific (India, Japan, China, Australia and New
Zealand and other countries),
§ Middle East and Africa (GCC, South Africa, Israel and
Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
§ Ledger
§ Trezor
§ Digital Bitbox
§ Coinkite
§ KeepKey
§ Cryobit
§ Bitlox
§ CoolWallet and many more
Others players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Cryptocurrency Hardware Wallet related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Cryptocurrency Hardware Wallet Market, size of the market (US$ Mn), and Compound Annual Growth
Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account
2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Cryptocurrency
Hardware Wallet Market
is done by taking into account various parameters
such as company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as Ledger, Cryobit,
Digital BitBox, Trezor, CoolWallet, KeepKey, BitLox, Coinkite and many more.
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Cryptocurrency
Hardware Wallet Market
caters to the needs of various stakeholders
pertaining to this industry, namely suppliers, manufacturers, investors, and
distributors for Cryptocurrency
Hardware Wallet Market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Cryptocurrency Hardware Wallet Market
v
Identification
of key factors driving investment opportunities in the Cryptocurrency Hardware
Wallet Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to your
competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants