The global Crypto Hardware Wallets Market research report is structured by exactly understanding the customer requirements. Whether it is about renewing a business plan, preparing a presentation for a key client, or giving recommendations to an executive, this Crypto Hardware Wallets Market report will surely help you to a degree. This report also includes strategic profiling of key players in the market, systematic analysis of their core competencies, and draws a competitive landscape for the market. This Crypto Hardware Wallets Market research report consists of latest, comprehensive and most up-to-date market information and a precious data.
Global crypto hardware wallets market is expected to register a substantial CAGR during the forecast period of 2019-2026. This rise in market value can be attributed to the rising consumption of devices such as computers and mobile phones.
Few of the major competitors currently working in the global crypto hardware wallets market are Ledger SAS, Shift Cryptosecurity AG, Coinkite, BitLox, CoolWallet, Cryobit LLC., SatoshiLabs s.r.o., KeepKey, GEMNET Pte Ltd, BitMain Technologies Holding Company, Intel, OPENDIME, Cryobit LLC., among others
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A crypto hardware wallet acts as a physical vault which is designed for offering safe storage for the cryptocurrency private key. These types of specially designed hard-drives are usually connected to the smartphone or computer through a USB. The hardware wallets usually do the transactions online but they are stored offline as they deliver increased security. These type of hardware wallets are compatible with various web interfaces and supports different currencies. Hardware wallets help in the easy transaction while keeping the money offline and also away from danger.
- Growing adoption of cryptocurrency for fast and secure transactions will drive the market growth
- Fluctuations in the monetary regulations is also expected to drive the growth of this market
- Increasing venture capital investments will boost the growth of this market
- High payments in the developing countries is escalating the market growth
- Uncertain regulatory status is expected to restrain the market growth
- Lack of technical understanding and awareness regarding cryptocurrency is also expected to hinder the market growth
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Segmentation: Global Crypto Hardware Wallets Market
- USB Connectivity Type
- Bluetooth Connectivity Type
- NFC Connectivity
By Product Type
- North America
- South America
- Rest of South America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
Key Developments in the Market:
- In January 2019, Ledger launched a new Bluetooth enabled hardware wallet named the Ledger Nano X with the Ledger Live Mobile App which brings various features such as app-driven transactions to the Nano X users and the wallet balance tracking option for both Nano X and Nano S users
- In 2016, Ledger introduced their users to Blockchain Open Ledger Operating System which enables for the building of source code portable native application around the secure core. This would enable any product or wallet which implements BOLOS to garner the protection against the application attacks by isolating the private keys
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