Dublin, Jan. 17, 2023 (GLOBE NEWSWIRE) — The report “Cryptocurrency Hardware Wallet Market by Hardware Component, By Security Method, By Type: Global Opportunity Analysis and Industry Forecast, 2021-2031” was added to researchandmarkets.com offering.
According to this report, the size of the cryptocurrency hardware wallet market was valued at $442.56 million in 2021, and is estimated to reach $3.6 billion by 2031, growing at a CAGR of 23.7%. from 2022 to 2031.
A cryptocurrency hardware wallet is a type of wallet that uses a secure encrypted hardware device to store the user’s private keys. As a result, hardware wallets are designed to allow users to store private keys in a secure section of the microcontroller, while protecting sensitive data.
The main principle behind the hardware wallet is to provide complete isolation between private keys and easy-to-hack computer or smartphone applications. Hardware wallets act as cold storage for sensitive keys. Passwords are protected by a PIN, making it difficult for hackers to extract private keys since the information is not exposed to the Internet.
The cryptocurrency hardware wallet helps improve data transparency and payment independence in banks, financial services, insurance, and other business sectors. Plus, it helps ensure accuracy in calculating your repayment, interest, and principal amount.
In addition, it allows transactions to be completed in minutes instead of days and offers greater security. However, the lack of knowledge among the people about the cryptocurrency hardware wallet is a major factor limiting the growth of the cryptocurrency hardware wallet market. On the contrary, the high growth potential in developing economies, coupled with an increased focus on security, is expected to provide lucrative opportunities for the market in the coming years.
The cryptocurrency hardware wallet market is segmented based on hardware component, security method, and type. By hardware component, it is divided into ASIC, GPUF, PGA and others. The ASIC segment is further segregated into Semi-Custom ASIC, Programmable ASIC, and Fully Custom ASIC. By security method, it is fragmented into PIN, two-factor authentication, biometric security and others. By type, it is classified into USB connectivity type, Bluetooth connectivity type, NFC connectivity, and others. By region, it is analyzed in North America, Europe, Asia-Pacific and LAMEA.
The report analyzes the profiles of the key players operating in the cryptocurrency hardware wallet market: BC VAULT, BitLox, CoolWallet, Cryptomeister, CryoBit LLC, Etherbit Private Limited, Keystone, Ledger SAS, OpenDime, SafePal, SatoshiLabss.RO, SecuX Technology Inc., ShapeShift, Shift Crypto AG, Sugi, OPOLO SARL and ELLIPAL LTD. These players have adopted various strategies to increase their market penetration and strengthen their position in the cryptocurrency hardware wallet industry.
Key benefits for stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimates, and dynamics of the cryptocurrency hardware wallet market analysis from 2021 to 2031 to identify the prevailing cryptocurrency hardware wallet market opportunities.
- Market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s Five Forces Analysis highlights the power of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their buyer and supplier network.
- In-depth analysis of the cryptocurrency hardware wallet market segmentation helps to determine the prevailing market opportunities.
- The top countries in each region are mapped according to their revenue contribution to the global market.
- The positioning of market players facilitates benchmarking and provides a clear understanding of the current position of market players.
- The report includes analysis of regional and global Cryptocurrency Hardware Wallet market trends, key players, market segments, application areas, and market growth strategies.
Key topics covered:
CHAPTER 1 INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
3.1. Definition and scope of the market
3.2. key results
3.2.1. The best investment pockets
3.3. Porter’s Five Forces Analysis
3.4. Positioning of the best players
3.5. Market dynamics
3.5.1. drivers
3.5.2. restrictions
3.5.3. Opportunities
3.6. Market Impact Analysis of COVID-19
CHAPTER 4: MARKET FOR CRYPTOCURRENCY HARDWARE PORTFOLIO, BY HARDWARE COMPONENT
4.1 Summary
4.1.1 Market size and forecast
4.2 ASICs
4.2.1 Key Market Trends, Growth Drivers, and Opportunities
4.2.2 Market Size and Forecast, by Region
4.2.3 Market Analysis by Country
GPU 4.3
4.3.1 Key Market Trends, Growth Drivers, and Opportunities
4.3.2 Market Size and Forecast, by Region
4.3.3 Market Analysis by Country
4.4 FPGAs
4.4.1 Key Market Trends, Growth Drivers, and Opportunities
4.4.2 Market Size and Forecast, by Region
4.4.3 Market Analysis by Country
4.5 Others
4.5.1 Key Market Trends, Growth Drivers, and Opportunities
4.5.2 Market Size and Forecast, by Region
4.5.3 Market Analysis by Country
CHAPTER 5: MARKET FOR CRYPTOCURRENCY HARDWARE WALLET, BY SECURITY METHOD
5.1 Summary
5.1.1 Market size and forecast
5.2 pin
5.2.1 Key Market Trends, Growth Drivers, and Opportunities
5.2.2 Market Size and Forecast, by Region
5.2.3 Market Analysis by Country
5.3 Two-factor authentication
5.3.1 Key Market Trends, Growth Drivers, and Opportunities
5.3.2 Market Size and Forecast, by Region
5.3.3 Market Analysis by Country
5.4 Biometric security
5.4.1 Key Market Trends, Growth Drivers, and Opportunities
5.4.2 Market Size and Forecast, by Region
5.4.3 Market Analysis by Country
5.5 Others
5.5.1 Key Market Trends, Growth Drivers, and Opportunities
5.5.2 Market Size and Forecast, by Region
5.5.3 Market Analysis by Country
CHAPTER 6: MARKET FOR CRYPTOCURRENCY HARDWARE WALLETS, BY TYPE
6.1 Summary
6.1.1 Market size and forecast
6.2 Type of USB connectivity
6.2.1 Key Market Trends, Growth Drivers, and Opportunities
6.2.2 Market Size and Forecast, by Region
6.2.3 Market Analysis by Country
6.3 Type of Bluetooth connectivity
6.3.1 Key Market Trends, Growth Drivers, and Opportunities
6.3.2 Market Size and Forecast, by Region
6.3.3 Market Analysis by Country
6.4 NFC connectivity
6.4.1 Key Market Trends, Growth Drivers, and Opportunities
6.4.2 Market Size and Forecast, by Region
6.4.3 Market Analysis by Country
6.5 Others
6.5.1 Key Market Trends, Growth Drivers, and Opportunities
6.5.2 Market Size and Forecast, by Region
6.5.3 Market Analysis by Country
CHAPTER 7: CRYPTOCURRENCY HARDWARE WALLET MARKET, BY REGION
CHAPTER 8: BUSINESS OVERVIEW
8.1. Introduction
8.2. Main winning strategies
8.3. Product mapping of the top 10 players
8.4. competitive board
8.5. Competitive heat map
8.6. key developments
CHAPTER 9: COMPANY PROFILES
9.1 BC VAULT
9.1.1 Company overview
9.1.2 Company Snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Commercial performance
9.1.6 Key strategic moves and developments
9.2 BitLox
9.2.1 Company overview
9.2.2 Company Snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Commercial performance
9.2.6 Key strategic moves and developments
9.3 Cool Wallet
9.3.1 Company overview
9.3.2 Company Snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Commercial performance
9.3.6 Key strategic moves and developments
9.4 Cryptomaster
9.4.1 Company overview
9.4.2 Company Snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Commercial performance
9.4.6 Key strategic moves and developments
9.5 CryoBit LLC
9.5.1 Company overview
9.5.2 Company Snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Commercial performance
9.5.6 Key strategic moves and developments
9.6 Limited Private Etherbit
9.6.1 Company overview
9.6.2 Company Snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Commercial performance
9.6.6 Key strategic moves and developments
9.7 Key
9.7.1 Company overview
9.7.2 Company Snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Commercial performance
9.7.6 Key strategic moves and developments
9.8 SAS General Ledger
9.8.1 Company overview
9.8.2 Company Snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Commercial performance
9.8.6 Key strategic moves and developments
9.9 Open Dime
9.9.1 Company overview
9.9.2 Company Snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Commercial performance
9.9.6 Key strategic moves and developments
9.10 safe friend
9.10.1 Company overview
9.10.2 Company Snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Commercial performance
9.10.6 Key strategic moves and developments
9.11 Technology SecuX Inc.
9.11.1 Company overview
9.11.2 Company Snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Commercial performance
9.11.6 Key strategic moves and developments
9.12 Shapeshift
9.12.1 Company Summary
9.12.2 Company Snapshot
9.12.3 Operating business segments
9.12.4 Product portfolio
9.12.5 Commercial performance
9.12.6 Key strategic moves and developments
9.13 Shift Crypto AG
9.13.1 Company Summary
9.13.2 Company Snapshot
9.13.3 Operating business segments
9.13.4 Product portfolio
9.13.5 Commercial performance
9.13.6 Key strategic moves and developments
9.14 Sugi
9.14.1 Company Summary
9.14.2 Company Snapshot
9.14.3 Operating business segments
9.14.4 Product portfolio
9.14.5 Commercial performance
9.14.6 Key strategic moves and developments
9.15 Trezor
9.15.1 Company Summary
9.15.2 Company Snapshot
9.15.3 Operating business segments
9.15.4 Product portfolio
9.15.5 Commercial performance
9.15.6 Key strategic moves and developments
9.16 ELLIPIC
9.16.1 Company Summary
9.16.2 Company Snapshot
9.16.3 Operating business segments
9.16.4 Product portfolio
9.16.5 Commercial performance
9.16.6 Key strategic moves and developments
9.17 Key
9.17.1 Company Summary
9.17.2 Company Snapshot
9.17.3 Operating business segments
9.17.4 Product portfolio
9.17.5 Commercial performance
9.17.6 Key strategic moves and developments
For more information on this report, please visit https://www.researchandmarkets.com/r/yrv0kn
