Blockchain Devices Market Overview
The adoption of blockchain technology increased rapidly after the introduction of Bitcoin and is being used by various financial institutions. This technology is being increasingly used in various business applications, such as payments, exchanges, smart contracts, documentation, and digital identity. Blockchain technology offers secure and tamper-proof ledgers, thereby infusing greater accuracy and secure information sharing into the financial services ecosystem. According to National Payments Corporation of India (NPCI), blockchain technology will significantly increase transparency between market participants. Blockchain implementations encourage the creation of an ecosystem of public records of activities to which all market participants have real-time access. Furthermore, blockchain maintains an immutable record of transactions and asset ownership in each transaction on the blockchain.
This significantly reduces risk as well as the need for associated mitigating operations for multiple asset types. This capability can help to reduce the occurrence of theft, fraud, and mis-selling of high-value assets and intellectual property. It will also be helpful in the case of assets where provenance determines value by leaving a digital footprint on the blockchain. Blockchain technology has the potential to be used in the financial sector for numerous applications such as real-time fund settlement via smart contracts, peer-to-peer payments, micropayments and retail payments, fraud risk management, real-time trade execution, and regulatory compliance and optimization. Blockchain technology and distributed ledger technology (DLT) have enormous application potential in the banking industry. Blockchain technology, for example, could enable faster payments at lower fees than banks by establishing a decentralized ledger for payments (cryptocurrencies); and distributed ledgers can reduce operational costs and bring us closer to real-time transactions between financial institutions. Furthermore, by storing customer information on decentralized blocks, blockchain technology can make information sharing between financial institutions easier and safer.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Product, Application, End User and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Agilent Technologies Inc., DNANEXUS, INC., F. Hoffmann-La Roche Ltd, PerkinElmer Inc., Illumina, Inc., GENEWIZ, Partek, Incorporated, QIAGEN , DNASTAR, Thermo Fischer Scientific Inc |
The covid-19 Impact on Blockchain Devices Market:
Like several different industries, COVID-19 badly knocked the electronic and semiconductor Industry. This new event has compact nearly 230 countries in exactly a couple of weeks, leading to the forced conclusion of producing and transportation activities at intervals and across the countries. This has directly affected the expansion of the sector. It's calculable that COVID-19 to depart over USD thirty billion impacts on the physics and semiconductor Industry. The arena is majorly affected thanks to transport restrictions on major physics and semiconductor staple suppliers. However, the rising want for semiconductors in many industries can supply fast market recovery over the longer-term amount.
Blockchain Devices Market Segment Overview
By Product, Hardware Wallets segment accounted largest segment owing to the employment in R&D, continuous innovation and developments within the technology.
By Application, Personal segment registered the largest s market share during the forecast period.
By End User, Hardware Wallets segment registered the largest s market share during the forecast period.
Market Analysis, Insights and Forecast – By Product
· Hardware Wallets
· Blockchain Smartphones
· PoS Devices
· Crypto ATMs
· Blockchain IoT Gateways
· Other Devices (tags, loggers, pre-configured devices, and chips)
Market Analysis, Insights and Forecast – By Application
· Personal
· Corporate
Market Analysis, Insights and Forecast – By End User
· Hardware Wallets
· Blockchain Smartphones
· PoS Devices
· Crypto ATMs
· Blockchain IoT Gateways
· Other Devices (tags, loggers, pre-configured devices, and chips)
Blockchain Devices Market Regional Overview
Region-wise, in terms of regions, the report provides a close summary of the trade together with each qualitative and quantitative info. It provides a summary and forecast of the worldwide market supported varied segments. It additionally provides market size and forecast estimates from the year 2023 to 2028 with relation to 5 major regions, namely; North America, Europe, Asia-Pacific (APAC), the center East and Africa (MEA), and South America. The next-generation sequencing IP market by every region is later sub-segmented by individual countries and segments. The report covers the analysis and forecast of eighteen countries globally beside the present trend and opportunities prevailing within the region.
Blockchain Devices Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Blockchain Devices Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Blockchain Devices are highlighted below.
· In 2020, Pundi X (Singapore) partnered with Merkle Science—a Singapore primarily based cryptocurrency risk and Intelligence Company. The partnership is concentrated on preventing the embezzled use of cryptocurrencies on the Pundi X platform to make a safe scheme for carrying legal transactions.
Blockchain Devices Market, Key Players
· AVADO
· Bitaccess
· Coinsource
· GENERAL BYTES
· Genesis Coin
· Helium Systems
· HTC
· Infineon Technologies
· Lamassu Industries
Frequently Asked Questions (FAQ) :
Q1. What is the total CAGR expected to be recorded for the Blockchain Devices market during the forecast period?
Blockchain Devices market is expected to record a CAGR of ~ xx% during the forecast period.
Q2. Which segment is projected to hold the largest share in the Blockchain Devices Market?
Hardware Wallets segment is projected to hold the largest share in the Blockchain Devices Market
Q3. What are the driving factors for the Blockchain Devices market?
The adoption of block chain technology increased rapidly after the introduction of Bitcoin and is being used by various financial institutions is a key factor that boosts the growth of the Blockchain Devices market progressively.
Q4. Which Segments are covered in the Blockchain Devices market report?
Product, Application, Type, End User and Region, these segments are covered in the Blockchain Devices market report
Q5. Which are the prominent players offering Blockchain Devices?
AVADO , Bitaccess , Coinsource , GENERAL BYTES , Genesis Coin , Helium Systems , HTC , Infineon Technologies , Lamassu Industries are the prominent players offering Blockchain Devices
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Blockchain Devices Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product
- 5.2.1. Hardware Wallets
- 5.2.2. Blockchain Smartphones
- 5.2.3. PoS Devices
- 5.2.4. Crypto ATMs
- 5.2.5. Blockchain IoT Gateways
- 5.2.6. Other Devices (tags, loggers, pre-configured devices, and chips)
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Personal
- 5.3.2. Corporate
- 5.4. Market Analysis, Insights and Forecast – By End User
- 5.4.1. Hardware Wallets
- 5.4.2. Blockchain Smartphones
- 5.4.3. PoS Devices
- 5.4.4. Crypto ATMs
- 5.4.5. Blockchain IoT Gateways
- 5.4.6. Other Devices (tags, loggers, pre-configured devices, and chips)
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East, and Africa
6. North America Blockchain Devices Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product
- 6.2.1. Hardware Wallets
- 6.2.2. Blockchain Smartphones
- 6.2.3. PoS Devices
- 6.2.4. Crypto ATMs
- 6.2.5. Blockchain IoT Gateways
- 6.2.6. Other Devices (tags, loggers, pre-configured devices, and chips)
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Personal
- 6.3.2. Corporate
- 6.4. Market Analysis, Insights and Forecast – By End User
- 6.4.1. Hardware Wallets
- 6.4.2. Blockchain Smartphones
- 6.4.3. PoS Devices
- 6.4.4. Crypto ATMs
- 6.4.5. Blockchain IoT Gateways
- 6.4.6. Other Devices (tags, loggers, pre-configured devices, and chips)
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Blockchain Devices Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product
- 7.2.1. Hardware Wallets
- 7.2.2. Blockchain Smartphones
- 7.2.3. PoS Devices
- 7.2.4. Crypto ATMs
- 7.2.5. Blockchain IoT Gateways
- 7.2.6. Other Devices (tags, loggers, pre-configured devices, and chips)
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Personal
- 7.3.2. Corporate
- 7.4. Market Analysis, Insights and Forecast – By End User
- 7.4.1. Hardware Wallets
- 7.4.2. Blockchain Smartphones
- 7.4.3. PoS Devices
- 7.4.4. Crypto ATMs
- 7.4.5. Blockchain IoT Gateways
- 7.4.6. Other Devices (tags, loggers, pre-configured devices, and chips)
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Blockchain Devices Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product
- 8.2.1. Hardware Wallets
- 8.2.2. Blockchain Smartphones
- 8.2.3. PoS Devices
- 8.2.4. Crypto ATMs
- 8.2.5. Blockchain IoT Gateways
- 8.2.6. Other Devices (tags, loggers, pre-configured devices, and chips)
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Personal
- 8.3.2. Corporate
- 8.4. Market Analysis, Insights and Forecast – By End User
- 8.4.1. Hardware Wallets
- 8.4.2. Blockchain Smartphones
- 8.4.3. PoS Devices
- 8.4.4. Crypto ATMs
- 8.4.5. Blockchain IoT Gateways
- 8.4.6. Other Devices (tags, loggers, pre-configured devices, and chips)
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Blockchain Devices Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product
- 9.2.1. Hardware Wallets
- 9.2.2. Blockchain Smartphones
- 9.2.3. PoS Devices
- 9.2.4. Crypto ATMs
- 9.2.5. Blockchain IoT Gateways
- 9.2.6. Other Devices (tags, loggers, pre-configured devices, and chips)
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Personal
- 9.3.2. Corporate
- 9.4. Market Analysis, Insights and Forecast – By End User
- 9.4.1. Hardware Wallets
- 9.4.2. Blockchain Smartphones
- 9.4.3. PoS Devices
- 9.4.4. Crypto ATMs
- 9.4.5. Blockchain IoT Gateways
- 9.4.6. Other Devices (tags, loggers, pre-configured devices, and chips)
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. AVADO
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Bitaccess
- 10.6. Coinsource
- 10.7. GENERAL BYTES
- 10.8. Genesis Coin
- 10.9. Helium Systems
- 10.10. HTC
- 10.11. Infineon Technologies
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
