Blockchain Devices Market with COVID-19 Impact Analysis, by Type (Hardware Wallets, Blockchain Smartphones, Crypto ATMs, PoS Devices, Blockchain IoT Gateways), Connectivity, Application, End User, and Region - Global Forecast to 2026
The blockchain devices market is expected to grow from USD 482 million in 2021 and is projected to reach USD 2,459 million by 2026; it is expected to grow at a CAGR of 38.5% during the forecast period. Growing visibility of benefits of blockchain technology in financial sector is expected to drive the blockchain devices market and to promote new revenue opportunities for blockchain devices manufacturers. Blockchain technology offers secure and tamper-proof ledgers, thereby infusing greater accuracy and secure information sharing into the financial services ecosystem.
Furthermore, rapid development of blockchain technology in retail & supply chain management applications is also expected to raise the demand for blockchain devices systems. The incorporation of blockchain technology into a supply chain management system prevents data manipulation, which is expected to be a major driving factor in the growth of the blockchain devices market. However, lack of awareness, comprehension, and user experience about blockchain technology are major hindrance for blockchain devices market.
“Market for corporate application to grow at higher CAGR during the forecast period”
The corporate application is expected to dominate the blockchain devices market throughout the forecast period. It is also expected to grow at a higher CAGR during the forecast period. This growth is due to the transition of businesses toward the integration of blockchain technology, machine learning, artificial intelligence, and IoT across the supply chain. The integration of these technologies with blockchain’s distributed ledger technology (DLT) into a supply chain management system prevents data manipulation. Blockchain offers high-speed transactions, parts traceability, and improved security and privacy due to decentralized structures, which are further expected to fuel the use of blockchain devices in corporate applications. With parts traceability, blockchain can help corporations reduce losses due to counterfeit parts and recall costs due to faulty parts.
“Travel & hospitality end use segment for blockchain devices is expected to grow at the highest rate during the forecast period”
The travel & hospitality segment is expected to grow at the highest CAGR throughout the forecast period. The use of cryptos for digital and contactless payments is critical in increasing travelers’ convenience in the tourism industry. The use of cryptocurrency eliminates the need to carry currency bills. Blockchain technology can help cut the middlemen and eliminate third-party commissions for hotel services, encouraging direct provider-to-consumer interaction and lowering costs. Tagging luggage with blockchain devices such as tags, loggers, and chips can reduce luggage misplacement while traveling. Similarly, implementing blockchain technology to secure and reconcile traveler data can result in a safer and more convenient journey. The conversion of a physical ticket into a digital token adds a new layer of security. Using a smart contract as part of the ticket token can assist airlines in controlling the sale and use of tickets to provide customers with verified experiences. S7 Airlines, for instance, uses a private Ethereum-based blockchain and smart contracts to issue and sell tickets.
“RoW Blockchain Devices market to register highest CAGR between 2021 and 2026”
RoW holds the smallest share of the global blockchain devices market as most companies are based in North America, Europe, and APAC. However, the Middle East & Africa is expected to witness rapid growth in the adoption of blockchain devices. The Middle East & Africa includes economies such as the UAE, Israel, Kenya, Egypt, Libya, and South Africa. Increasing challenges in the transfer of money and complex documentation processes in different verticals have led to the high adoption of smart contracts. Blockchain technology is expected to play a key role in the Smart Dubai initiative. The increasing number of transactions in crypto assets across the African region is expected to drive the market for hardware wallets in Africa. Because of their low cost and ease of use, smart card hardware wallets have enormous potential to expand the blockchain devices market for hardware wallets in the RoW region. Pundi X, for instance, shipped over 10,000 customized XPASS cards (smart cards) to a private firm in the UAE in early 2021. These smart cards are less expensive than crypto hardware wallets and are as simple to use as a debit or credit card, with a simple swipe or NFC. According to the Africa Report, cryptocurrency adoption in Africa increased by 1200% between July 2020 and June 2021, making it the world’s fastest-growing region. Furthermore, according to a leading PoS device manufacturer, the volume of crypto transactions on PoS devices in African countries is significantly higher than in the rest of the world. As a result, Africa is a hotspot region for the expansion of the blockchain devices market.
Breakdown of primaries
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the blockchain devices market space. The break-up of primary participants for the report has been shown below:
Research Coverage:
The report describes the detailed information regarding the major factors such as drivers, restraints, challenges, and opportunities influencing the growth of the blockchain devices market. It also includes technology trends, trade data, and patent analysis. This research report categorizes the blockchain devices market based on type, connectivity, application, end user, and region. A detailed analysis of the key industry players was carried out to provide insights into their business overviews; solutions and services offered; key strategies adopted that include new product launches, deals (partnerships and collaborations), and others (expansions), and COVID-19 impact on blockchain devices market.
Key Benefits of Buying the Report
The report would help leaders/new entrants in this market in the following ways:
1. This report segments the blockchain devices market comprehensively and provides the closest market size projection for all subsegments across different regions.
2. The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth.
3. This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes competitor ecosystem, product developments and launches, partnerships, and mergers and acquisitions.
4. The analysis of the top 25 companies, based on market share/rank as well as the product footprint will help stakeholders visualize the market positioning of these key players.
5. Patent analysis, trade data, and technological trends that will shape the market in the coming years has also been covered in this report.
Furthermore, rapid development of blockchain technology in retail & supply chain management applications is also expected to raise the demand for blockchain devices systems. The incorporation of blockchain technology into a supply chain management system prevents data manipulation, which is expected to be a major driving factor in the growth of the blockchain devices market. However, lack of awareness, comprehension, and user experience about blockchain technology are major hindrance for blockchain devices market.
“Market for corporate application to grow at higher CAGR during the forecast period”
The corporate application is expected to dominate the blockchain devices market throughout the forecast period. It is also expected to grow at a higher CAGR during the forecast period. This growth is due to the transition of businesses toward the integration of blockchain technology, machine learning, artificial intelligence, and IoT across the supply chain. The integration of these technologies with blockchain’s distributed ledger technology (DLT) into a supply chain management system prevents data manipulation. Blockchain offers high-speed transactions, parts traceability, and improved security and privacy due to decentralized structures, which are further expected to fuel the use of blockchain devices in corporate applications. With parts traceability, blockchain can help corporations reduce losses due to counterfeit parts and recall costs due to faulty parts.
“Travel & hospitality end use segment for blockchain devices is expected to grow at the highest rate during the forecast period”
The travel & hospitality segment is expected to grow at the highest CAGR throughout the forecast period. The use of cryptos for digital and contactless payments is critical in increasing travelers’ convenience in the tourism industry. The use of cryptocurrency eliminates the need to carry currency bills. Blockchain technology can help cut the middlemen and eliminate third-party commissions for hotel services, encouraging direct provider-to-consumer interaction and lowering costs. Tagging luggage with blockchain devices such as tags, loggers, and chips can reduce luggage misplacement while traveling. Similarly, implementing blockchain technology to secure and reconcile traveler data can result in a safer and more convenient journey. The conversion of a physical ticket into a digital token adds a new layer of security. Using a smart contract as part of the ticket token can assist airlines in controlling the sale and use of tickets to provide customers with verified experiences. S7 Airlines, for instance, uses a private Ethereum-based blockchain and smart contracts to issue and sell tickets.
“RoW Blockchain Devices market to register highest CAGR between 2021 and 2026”
RoW holds the smallest share of the global blockchain devices market as most companies are based in North America, Europe, and APAC. However, the Middle East & Africa is expected to witness rapid growth in the adoption of blockchain devices. The Middle East & Africa includes economies such as the UAE, Israel, Kenya, Egypt, Libya, and South Africa. Increasing challenges in the transfer of money and complex documentation processes in different verticals have led to the high adoption of smart contracts. Blockchain technology is expected to play a key role in the Smart Dubai initiative. The increasing number of transactions in crypto assets across the African region is expected to drive the market for hardware wallets in Africa. Because of their low cost and ease of use, smart card hardware wallets have enormous potential to expand the blockchain devices market for hardware wallets in the RoW region. Pundi X, for instance, shipped over 10,000 customized XPASS cards (smart cards) to a private firm in the UAE in early 2021. These smart cards are less expensive than crypto hardware wallets and are as simple to use as a debit or credit card, with a simple swipe or NFC. According to the Africa Report, cryptocurrency adoption in Africa increased by 1200% between July 2020 and June 2021, making it the world’s fastest-growing region. Furthermore, according to a leading PoS device manufacturer, the volume of crypto transactions on PoS devices in African countries is significantly higher than in the rest of the world. As a result, Africa is a hotspot region for the expansion of the blockchain devices market.
Breakdown of primaries
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the blockchain devices market space. The break-up of primary participants for the report has been shown below:
- By Company Type: Tier 1 – 40%, Tier 2 – 30%, and Tier 3 – 30%
- By Designation: C-level Executives – 40%, Directors – 40%, and Others – 20%
- By Region: Americas –35%, APAC– 35%, Europe – 20%, and RoW – 10%
Research Coverage:
The report describes the detailed information regarding the major factors such as drivers, restraints, challenges, and opportunities influencing the growth of the blockchain devices market. It also includes technology trends, trade data, and patent analysis. This research report categorizes the blockchain devices market based on type, connectivity, application, end user, and region. A detailed analysis of the key industry players was carried out to provide insights into their business overviews; solutions and services offered; key strategies adopted that include new product launches, deals (partnerships and collaborations), and others (expansions), and COVID-19 impact on blockchain devices market.
Key Benefits of Buying the Report
The report would help leaders/new entrants in this market in the following ways:
1. This report segments the blockchain devices market comprehensively and provides the closest market size projection for all subsegments across different regions.
2. The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth.
3. This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes competitor ecosystem, product developments and launches, partnerships, and mergers and acquisitions.
4. The analysis of the top 25 companies, based on market share/rank as well as the product footprint will help stakeholders visualize the market positioning of these key players.
5. Patent analysis, trade data, and technological trends that will shape the market in the coming years has also been covered in this report.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 DEFINITION AND SCOPE
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 YEARS CONSIDERED
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Major secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Breakdown of primaries
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.1.3.1 Key industry insights
2.2 MARKET SIZE ESTIMATION
FIGURE 2 PROCESS FLOW OF MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
FIGURE 3 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—REVENUE GENERATED BY MARKET PLAYERS FROM SALES OF BLOCKCHAIN DEVICES
FIGURE 5 TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 6 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 LIMITATIONS
2.6 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
FIGURE 7 HARDWARE WALLETS TO HOLD LARGEST SHARE OF BLOCKCHAIN DEVICES MARKET DURING FORECAST PERIOD
FIGURE 8 WIRED SEGMENT OF BLOCKCHAIN DEVICES MARKET IS PROJECTED TO GROW AT HIGHER RATE THAN WIRELESS SEGMENT DURING FORECAST PERIOD
FIGURE 9 CORPORATE APPLICATION TO HOLD LARGER SHARE OF BLOCKCHAIN DEVICES MARKET DURING FORECAST PERIOD
FIGURE 10 BLOCKCHAIN DEVICES MARKET FOR TRAVEL & HOSPITALITY TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
FIGURE 11 NORTH AMERICA WAS LARGEST MARKET FOR BLOCKCHAIN DEVICES IN 2020
3.1 COVID-19 IMPACT ON BLOCKCHAIN DEVICES MARKET
FIGURE 12 GLOBAL PROPAGATION OF COVID-19
TABLE 1 RECOVERY SCENARIOS FOR GLOBAL ECONOMY
FIGURE 13 BLOCKCHAIN DEVICES MARKET SIZE IN PRE-COVID-19 AND
POST-COVID-19 SCENARIOS
3.1.1 PRE-COVID-19 SCENARIO
3.1.2 POST-COVID-19 SCENARIO
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES IN BLOCKCHAIN DEVICES MARKET
FIGURE 14 INCREASING SIGNIFICANCE OF BLOCKCHAIN TECHNOLOGY IN FINANCIAL INSTITUTIONS HAS FUELED MARKET GROWTH
4.2 BLOCKCHAIN DEVICES MARKET FOR CRYPTO ATMS
FIGURE 15 ONE-WAY CRYPTO ATMS ESTIMATED TO HOLD A LARGER SHARE OF CRYPTO ATM FOR BLOCKCHAIN DEVICES MARKET IN 2021
4.3 BLOCKCHAIN DEVICES MARKET IN NORTH AMERICA, BY APPLICATION AND COUNTRY
FIGURE 16 CORPORATE APPLICATION AND US ARE ESTIMATED TO ACCOUNT FOR LARGEST SHARE OF NORTH AMERICAN BLOCKCHAIN DEVICES MARKET IN 2021
4.4 BLOCKCHAIN DEVICES MARKET, BY END USER
FIGURE 17 TRAVEL & HOSPITALITY END USER SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
4.5 BLOCKCHAIN DEVICES MARKET, BY KEY COUNTRIES
FIGURE 18 BLOCKCHAIN DEVICES MARKET IN US HOLD LARGEST SHARE DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 19 BLOCKCHAIN DEVICES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
FIGURE 20 IMPACT OF DRIVERS ON BLOCKCHAIN DEVICES MARKET
5.2.1.1 Decentralized structure and various other attributes associated with blockchain technology
5.2.1.2 Rapid penetration of blockchain technology in retail & supply chain management applications
FIGURE 21 PATENTS FOR BLOCKCHAIN TECHNOLOGY IN RETAIL & SUPPLY CHAIN MANAGEMENT, 2015–2020
5.2.1.3 Growing visibility of benefits of blockchain technology in financial sector
5.2.1.4 Growth in cryptocurrency market capitalization and initial coin offering (ICO)
FIGURE 22 TOTAL CRYPTOCURRENCY MARKET CAPITALIZATION DURING
JANUARY 01, 2017–SEPTEMBER 16, 2021
FIGURE 23 TOTAL UNITS OF CRYPTO ATMS INSTALLED FROM
JANUARY 2014 TO SEPTEMBER 2021
5.2.2 RESTRAINTS
FIGURE 24 IMPACT OF RESTRAINTS ON BLOCKCHAIN DEVICES MARKET
5.2.2.1 Regulatory uncertainty associated with blockchain implementation
5.2.2.2 Lack of awareness, comprehension, and user experience about blockchain technology
5.2.3 OPPORTUNITIES
FIGURE 25 IMPACT OF OPPORTUNITIES ON BLOCKCHAIN DEVICES MARKET
5.2.3.1 Increasing acceptance of cryptocurrencies as mode of payment across various industries
5.2.3.2 Anticipated adoption of blockchain technology in automotive industry for maintaining records and securing payments
5.2.3.3 Integration of blockchain technology with Internet of Things (IoT), artificial intelligence (AI), and cloud
FIGURE 26 PATENTS FOR IOT BLOCKCHAIN DEVICES, 2015–2020
5.2.4 CHALLENGES
FIGURE 27 IMPACT OF CHALLENGES ON BLOCKCHAIN DEVICES MARKET
5.2.4.1 Security-, privacy-, and control-related challenges associated with blockchain technology
5.3 VALUE CHAIN ANALYSIS
FIGURE 28 VALUE CHAIN ANALYSIS OF BLOCKCHAIN DEVICES ECOSYSTEM: MANUFACTURING AND SOFTWARE INTEGRATION PHASES CONTRIBUTE MOST VALUE
5.3.1 PLANNING AND REVISING FUND
5.3.2 RESEARCH & DEVELOPMENT
5.3.3 MANUFACTURING & SOFTWARE INTEGRATION
5.3.4 ASSEMBLY, DISTRIBUTION, AND AFTER-SALES SERVICES
5.4 ECOSYSTEM
FIGURE 29 BLOCKCHAIN DEVICES ECOSYSTEM
TABLE 2 LIST OF COMPANIES AND THEIR ROLE IN BLOCKCHAIN DEVICES ECOSYSTEM
5.5 TRENDS IMPACTING CUSTOMERS’ BUSINESS
FIGURE 30 REVENUE SHIFT IN BLOCKCHAIN DEVICES MARKET
5.6 CASE STUDIES
5.6.1 MOBILITY OPEN BLOCKCHAIN INITIATIVE (US) IS WORKING TO CO-DESIGN BLOCKCHAIN AND DISTRIBUTED LEDGER TECHNOLOGY STANDARDS TO IMPROVE SUPPLY CHAIN EFFICIENCY IN AUTOMOTIVE INDUSTRY
5.6.2 SARNA PLASTEC (SWITZERLAND) ACCELERATED ITS DEVELOPMENT PROCESS WITH MODUM'S (SWITZERLAND) BLOCKCHAIN-POWERED DATA INTEGRITY SOLUTION
5.6.3 COINJAR (AUSTRALIA) WAS ABLE TO SCALE UP BUSINESS BY EMPLOYING COMBINATION OF BITGO (US) CUSTODY AND SETTLEMENT, ALONG WITH HOT, WARM, AND COLD WALLETS
5.6.4 FORTMATIC (US) CHOSE ALCHEMY (US) AS ITS BLOCKCHAIN FUNCTIONAL INFRASTRUCTURE PROVIDER TO ENSURE RELIABILITY AND HIGH-SPEED TRANSACTION
5.6.5 WALMART (US) ACHIEVED UNPRECEDENTED TRANSPARENCY IN FOOD SUPPLY CHAIN WITH HYPERLEDGER FABRIC MODULAR BLOCKCHAIN FRAMEWORK
5.7 PORTER’S FIVE FORCES ANALYSIS
FIGURE 31 PORTER’S FIVE FORCES ANALYSIS
TABLE 3 BLOCKCHAIN DEVICES MARKET: PORTER’S FIVE FORCES ANALYSIS
5.7.1 THREAT OF NEW ENTRANTS
5.7.2 THREAT OF SUBSTITUTES
5.7.3 BARGAINING POWER OF BUYERS
5.7.4 BARGAINING POWER OF SUPPLIERS
5.7.5 DEGREE OF COMPETITION
5.8 TECHNOLOGY ANALYSIS
5.8.1 KEY TECHNOLOGY
5.8.1.1 Single hardware wallet supporting multiple blockchains
5.8.1.2 Rise of blockchain smartphones owing to their benefits and features
5.8.2 COMPLEMENTARY TECHNOLOGY
5.8.2.1 Emergence of cloud services—blockchain-as-a-service (BaaS) platforms
5.8.3 ADJACENT TECHNOLOGY
5.8.3.1 Blockchain IoT hardware for enterprises of all size
5.9 TRADE ANALYSIS
5.9.1 IMPORT SCENARIO
5.9.1.1 Import scenario for blockchain devices market
TABLE 4 IMPORT DATA FOR UNITS OF AUTOMATIC DATA-PROCESSING MACHINES (INCLUDING BLOCKCHAIN DEVICES), BY KEY COUNTRY, 2012–2020 (USD BILLION)
FIGURE 32 IMPORT DATA FOR UNITS OF AUTOMATIC DATA-PROCESSING MACHINES (INCLUDING BLOCKCHAIN DEVICES) FOR TOP FIVE COUNTRIES, 2016–2020 (USD BILLION)
5.9.2 EXPORT SCENARIO
5.9.2.1 Export scenario for blockchain devices market
TABLE 5 EXPORT DATA FOR UNITS OF AUTOMATIC DATA-PROCESSING MACHINES (INCLUDING BLOCKCHAIN DEVICES), BY KEY COUNTRY, 2012–2020 (USD BILLION)
FIGURE 33 EXPORT DATA FOR UNITS OF AUTOMATIC DATA-PROCESSING MACHINES (INCLUDING BLOCKCHAIN DEVICES) FOR TOP FIVE COUNTRIES, 2016–2020 (USD BILLION)
5.10 PATENT ANALYSIS
TABLE 6 PATENTS FILED FOR VARIOUS TYPES OF BLOCKCHAIN DEVICES, 2020
FIGURE 34 BLOCKCHAIN DEVICES PATENTS PUBLISHED FROM 2014 TO 2020
FIGURE 35 TOP 10 COMPANIES WITH LARGEST NO. OF PATENT APPLICATIONS, 2014–2020
5.11 TARIFFS AND REGULATIONS
5.11.1 TARIFFS
TABLE 7 MFN TARIFFS LEVIED BY US ON A FEW KEY COUNTRIES FOR EXPORTS OF PRODUCTS CONSIDERED UNDER HS CODE 847180
TABLE 8 MFN TARIFFS LEVIED BY CHINA ON A FEW KEY COUNTRIES FOR EXPORTS OF PRODUCTS CONSIDERED UNDER HS CODE 847180
5.11.1.1 Positive impact of tariffs on blockchain devices ecosystem
5.11.1.2 Negative impact of tariffs on the blockchain devices ecosystem
5.11.2 REGULATIONS AND STANDARDS
FIGURE 36 VARIOUS STANDARDS FOR BLOCKCHAIN DEVICES
5.11.2.1 Service Organization Control (SOC)
5.11.2.2 CryptoCurrency Security Standard (CCSS)
5.11.2.3 Restriction of Hazardous Substances (RoHS)
5.11.2.4 Regional regulatory landscape
5.11.2.4.1 North America: regulatory landscape
TABLE 9 REGULATIONS AND ASSOCIATIONS FOR BLOCKCHAIN TECHNOLOGY & DEVICES IN NORTH AMERICA
5.11.2.4.2 Europe: Regulatory landscape
TABLE 10 REGULATIONS AND ASSOCIATIONS FOR BLOCKCHAIN
TECHNOLOGY & DEVICES IN EUROPE
5.11.2.4.3 Asia Pacific: Regulatory landscape
TABLE 11 REGULATIONS AND ASSOCIATIONS FOR BLOCKCHAIN
TECHNOLOGY & DEVICES IN APAC
5.11.2.4.4 RoW: Regulatory landscape
TABLE 12 REGULATIONS AND ASSOCIATIONS FOR BLOCKCHAIN
TECHNOLOGY & DEVICES IN ROW
5.12 AVERAGE SELLING PRICE TRENDS
TABLE 13 AVERAGE SELLING PRICES OF BLOCKCHAIN DEVICES
5.13 TYPES OF BLOCKCHAIN
5.13.1 PUBLIC BLOCKCHAIN
5.13.2 PRIVATE BLOCKCHAIN
5.13.3 HYBRID BLOCKCHAIN
5.14 BLOCKCHAIN ASSOCIATIONS AND CONSORTIUMS
5.14.1 ENTERPRISE ETHEREUM ALLIANCE
5.14.2 CONTINUOUS LINKED SETTLEMENT (CLS)
5.14.3 R3CE V BLOCKCHAIN CONSORTIUM
5.14.4 HYPERLEDGER CONSORTIUM
5.14.5 GLOBAL PAYMENTS STEERING GROUP (GPSG)
5.14.6 FINANCIAL BLOCKCHAIN SHENZHEN CONSORTIUM (FBSC)
5.14.7 CULEDGER
5.14.8 BLOCKCHAIN COLLABORATIVE CONSORTIUM (BCCC)
5.14.9 GLOBAL BLOCKCHAIN BUSINESS COUNCIL
5.14.10 WALL STREET BLOCKCHAIN ALLIANCE (WSBA)
5.14.11 OTHER BLOCKCHAIN ASSOCIATIONS
6 BLOCKCHAIN DEVICES MARKET, BY TYPE
6.1 INTRODUCTION
FIGURE 37 HARDWARE WALLETS TO HOLD LARGEST SIZE OF BLOCKCHAIN DEVICES MARKET IN 2026
TABLE 14 BLOCKCHAIN DEVICES MARKET, BY TYPE, 2018–2020 (USD MILLION)
TABLE 15 BLOCKCHAIN DEVICES MARKET, BY TYPE, 2021–2026 (USD MILLION)
TABLE 16 BLOCKCHAIN DEVICES MARKET, BY TYPE, 2018–2020 (UNITS)
TABLE 17 BLOCKCHAIN DEVICES MARKET, BY TYPE, 2021–2026 (UNITS)
6.2 HARDWARE WALLETS
6.2.1 HARDWARE WALLETS GENERATE PRIVATE KEYS OFFLINE IN COLD STORAGE AND PROTECT THOSE FROM VULNERABILITIES AND VIRUSES
TABLE 18 PLAYERS OFFERING HARDWARE WALLETS
TABLE 19 BLOCKCHAIN DEVICES MARKET FOR HARDWARE WALLETS, BY REGION, 2018–2020 (USD MILLION)
FIGURE 38 NORTH AMERICA TO HOLD LARGEST SHARE OF BLOCKCHAIN DEVICES MARKET FOR HARDWARE WALLETS IN 2026
TABLE 20 BLOCKCHAIN DEVICES MARKET FOR HARDWARE WALLETS, BY REGION, 2021–2026 (USD MILLION)
6.2.2 CRYPTO HARDWARE WALLETS
6.2.2.1 Acceptance of cryptocurrencies across various regions and sectors is driving market for crypto hardware wallets
6.2.3 CAR WALLETS
6.2.3.1 Car wallets enable autonomous payment of parking fees, toll fees, and battery recharging
6.2.4 SMART CARDS
6.2.4.1 Smart cards are funded by cryptocurrency balance of users
6.3 BLOCKCHAIN SMARTPHONES
6.3.1 BLOCKCHAIN SMARTPHONES SECURELY STORE PRIVATE KEYS AND OTHER SENSITIVE INFORMATION WITHOUT GIVING ACCESS TO ANY THIRD-PARTY SOFTWARE
TABLE 21 PLAYERS OFFERING BLOCKCHAIN SMARTPHONES
TABLE 22 BLOCKCHAIN SMARTPHONES MARKET, BY REGION, 2018–2020 (USD MILLION)
FIGURE 39 BLOCKCHAIN SMARTPHONES MARKET IN APAC TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
TABLE 23 BLOCKCHAIN SMARTPHONES MARKET, BY REGION, 2021–2026 (USD MILLION)
6.4 CRYPTO ATMS
6.4.1 AVAILABILITY OF CRYPTO ATMS CUSTOMIZABLE FOR REGULATORY COMPLIANCE AND END-USER REQUIREMENTS PROVIDES GROWTH OPPORTUNITIES
TABLE 24 PLAYERS OFFERING CRYPTO ATMS
TABLE 25 CRYPTO ATMS MARKET, BY REGION, 2018–2020 (USD MILLION)
FIGURE 40 NORTH AMERICA TO LEAD CRYPTO ATMS MARKET DURING FORECAST PERIOD
TABLE 26 CRYPTO ATMS MARKET, BY REGION, 2021–2026 (USD MILLION)
TABLE 27 CRYPTO ATMS MARKET, BY TYPE, 2018–2020 (USD MILLION)
TABLE 28 CRYPTO ATM MARKET, BY TYPE, 2021–2026 (USD MILLION)
6.4.2 ONE-WAY CRYPTO ATMS
6.4.2.1 One-way crypto ATMs only perform one function at terminal
6.4.3 TWO-WAY CRYPTO ATMS
6.4.3.1 Two-way crypto ATMs segment would grow at higher rate
than one-way crypto ATMs
6.5 POS DEVICES
6.5.1 POS DEVICES ALLOW FLEXIBLE PAYMENT PROCESSING OF CRYPTOCURRENCIES FROM ANY LOCATION
TABLE 29 PLAYERS OFFERING POS DEVICES
TABLE 30 POS DEVICES MARKET, BY REGION, 2018–2020 (USD MILLION)
FIGURE 41 MARKET FOR POS DEVICES TO GROW AT FASTEST RATE IN NORTH AMERICA DURING FORECAST PERIOD
TABLE 31 POS DEVICES MARKET, BY REGION, 2021–2026 (USD MILLION)
6.6 BLOCKCHAIN IOT GATEWAYS
6.6.1 INTEGRATION OF BLOCKCHAIN TECHNOLOGY WITH IOT DEVICES ENSURES EXTRA LEVEL OF SECURITY WITH QUICK AND TRANSPARENT COMMUNICATION AMONG IOT DEVICES
TABLE 32 PLAYERS OFFERING BLOCKCHAIN IOT GATEWAY PRODUCTS/SOLUTIONS
TABLE 33 BLOCKCHAIN IOT GATEWAYS MARKET, BY REGION, 2018–2020 (USD MILLION)
FIGURE 42 NORTH AMERICA TO LEAD BLOCKCHAIN IOT GATEWAYS MARKET DURING FORECAST PERIOD
TABLE 34 BLOCKCHAIN IOT GATEWAYS MARKET, BY REGION, 2021–2026 (USD MILLION)
6.7 OTHER BLOCKCHAIN DEVICES
TABLE 35 PLAYERS OFFERING OTHER BLOCKCHAIN DEVICES/SOLUTIONS
TABLE 36 OTHER BLOCKCHAIN DEVICES MARKET, BY REGION, 2018–2020 (USD MILLION)
FIGURE 43 NORTH AMERICA TO HOLD LARGEST SHARE OF OTHER BLOCKCHAIN DEVICES MARKET DURING FORECAST PERIOD
TABLE 37 OTHER BLOCKCHAIN DEVICES MARKET, BY REGION, 2021–2026 (USD MILLION)
7 BLOCKCHAIN DEVICES MARKET, BY CONNECTIVITY
7.1 INTRODUCTION
FIGURE 44 WIRED SEGMENT IS PROJECTED TO LEAD BLOCKCHAIN DEVICES MARKET FROM 2021 TO 2026
TABLE 38 BLOCKCHAIN DEVICES MARKET, BY CONNECTIVITY, 2018–2020 (USD MILLION)
TABLE 39 BLOCKCHAIN DEVICES MARKET, BY CONNECTIVITY, 2021–2026 (USD MILLION)
7.2 WIRED
7.2.1 WIRED BLOCKCHAIN DEVICES OFFER BETTER CONNECTIVITY THAN WIRELESS BLOCKCHAIN DEVICES
TABLE 40 PLAYERS OFFERING WIRED BLOCKCHAIN DEVICES
TABLE 41 BLOCKCHAIN DEVICES MARKET FOR WIRED CONNECTIVITY, BY TYPE, 2018–2020 (USD MILLION)
FIGURE 45 CRYPTO ATMS SEGMENT OF WIRED BLOCKCHAIN DEVICES MARKET TO GROW AT HIGHER RATE THAN HARDWARE WALLETS DURING FORECAST PERIOD
TABLE 42 WIRED BLOCKCHAIN DEVICES MARKET, BY TYPE, 2021–2026 (USD MILLION)
7.3 WIRELESS
7.3.1 WIRELESS BLOCKCHAIN DEVICES ARE WITNESSING SIGNIFICANT GROWTH
TABLE 43 PLAYERS OFFERING WIRELESS BLOCKCHAIN DEVICES
TABLE 44 MARKET FOR WIRELESS BLOCKCHAIN DEVICES, BY TYPE, 2018–2020 (USD MILLION)
FIGURE 46 HARDWARE WALLETS TO HOLD LARGEST SHARE OF WIRELESS BLOCKCHAIN DEVICES MARKET DURING FORECAST PERIOD
TABLE 45 MARKET FOR WIRELESS BLOCKCHAIN DEVICES, BY TYPE, 2021–2026 (USD MILLION)
8 BLOCKCHAIN DEVICES MARKET, BY APPLICATION
8.1 INTRODUCTION
FIGURE 47 BLOCKCHAIN DEVICES MARKET FOR CORPORATE APPLICATION TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
TABLE 46 BLOCKCHAIN DEVICES MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 47 BLOCKCHAIN DEVICES MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
8.2 PERSONAL
8.2.1 INCREASING GLOBAL ACCEPTANCE OF CRYPTOCURRENCIES IS DRIVING USE OF BLOCKCHAIN DEVICES FOR PERSONAL USE
TABLE 48 BLOCKCHAIN DEVICES MARKET FOR PERSONAL APPLICATION, BY REGION, 2018–2020 (USD MILLION)
FIGURE 48 NORTH AMERICA TO BE LARGEST MARKET FOR PERSONAL APPLICATION DURING FORECAST PERIOD
TABLE 49 BLOCKCHAIN DEVICES MARKET FOR PERSONAL APPLICATION, BY REGION, 2021–2026 (USD MILLION)
8.3 CORPORATE
8.3.1 ADOPTION OF BLOCKCHAIN TECHNOLOGY ACROSS SUPPLY CHAIN FOR TRACKING AND MONITORING OF ASSETS IS DRIVING USE OF BLOCKCHAIN DEVICES
TABLE 50 BLOCKCHAIN DEVICES MARKET FOR CORPORATE APPLICATION, BY REGION, 2018–2020 (USD MILLION)
FIGURE 49 NORTH AMERICA TO BE LARGEST MARKET FOR CORPORATE APPLICATION DURING FORECAST PERIOD
TABLE 51 BLOCKCHAIN DEVICES MARKET FOR CORPORATE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
8.3.2 BLOCKCHAIN DEVICES MARKET FOR CORPORATE APPLICATION, BY ENTERPRISE SIZE
TABLE 52 BLOCKCHAIN DEVICES MARKET FOR CORPORATE, BY ENTERPRISE SIZE, 2018–2020 (USD MILLION)
FIGURE 50 LARGE ENTERPRISES TO HOLD LARGER SHARE OF BLOCKCHAIN DEVICES MARKET FOR CORPORATE APPLICATION DURING FORECAST PERIOD
TABLE 53 BLOCKCHAIN DEVICES MARKET FOR CORPORATE, BY ENTERPRISE SIZE, 2021–2026 (USD MILLION)
8.3.2.1 Large enterprises
8.3.2.1.1 Drivers for blockchain devices market for large enterprises
8.3.2.1.2 Large enterprises: Impact of COVID-19
8.3.2.2 Small and medium-sized enterprises
8.3.2.2.1 Drivers for blockchain devices market for small and medium-sized enterprises
8.3.2.2.2 Small and medium-sized enterprises: Impact of COVID-19
9 BLOCKCHAIN DEVICES MARKET, BY END USER
9.1 INTRODUCTION
FIGURE 51 CONSUMER END USER SEGMENT TO DOMINATE BLOCKCHAIN DEVICES MARKET DURING FORECAST PERIOD
TABLE 54 BLOCKCHAIN DEVICES MARKET, BY END USER, 2018–2020 (USD MILLION)
TABLE 55 BLOCKCHAIN DEVICES MARKET, BY END USER, 2021–2026 (USD MILLION)
9.1.1 CONSUMER
9.1.1.1 Blockchain-enabled devices help trace products, determine whether warranty has expired, and conduct full recalls
TABLE 56 BLOCKCHAIN DEVICES MARKET FOR CONSUMER, BY REGION, 2018–2020 (USD MILLION)
FIGURE 52 NORTH AMERICA TO LEAD BLOCKCHAIN DEVICES MARKET FOR CONSUMER DURING FORECAST PERIOD
TABLE 57 BLOCKCHAIN DEVICES MARKET FOR CONSUMER, BY REGION, 2021–2026 (USD MILLION)
9.1.2 BFSI
9.1.2.1 Implementing blockchain in BFSI helps reduce frauds, minimize risks, and increase customer satisfaction
TABLE 58 BLOCKCHAIN DEVICES MARKET FOR BFSI, BY REGION, 2018–2020 (USD MILLION)
FIGURE 53 NORTH AMERICA TO DOMINATE BLOCKCHAIN DEVICES MARKET
FOR BFSI THROUGHOUT FORECAST PERIOD
TABLE 59 BLOCKCHAIN DEVICES MARKET FOR BFSI, BY REGION, 2021–2026 (USD MILLION)
9.1.3 GOVERNMENT
9.1.3.1 Blockchain technology enables recording of transactions on distributed ledgers to increase transparency in government agencies
TABLE 60 BLOCKCHAIN DEVICES MARKET FOR GOVERNMENT, BY REGION, 2018–2020 (USD MILLION)
FIGURE 54 NORTH AMERICA TO DOMINATE BLOCKCHAIN DEVICES MARKET FOR GOVERNMENT THROUGHOUT FORECAST PERIOD
TABLE 61 BLOCKCHAIN DEVICES MARKET FOR GOVERNMENT, BY REGION, 2021–2026 (USD MILLION)
9.1.4 RETAIL & E-COMMERCE
9.1.4.1 Blockchain technology prevents data manipulation, which is expected to drive blockchain devices market for retail & e-commerce
TABLE 62 BLOCKCHAIN DEVICES MARKET FOR RETAIL & E-COMMERCE, BY REGION, 2018–2020 (USD MILLION)
FIGURE 55 NORTH AMERICA TO DOMINATE BLOCKCHAIN DEVICES MARKET FOR RETAIL & E-COMMERCE THROUGHOUT FORECAST PERIOD
TABLE 63 BLOCKCHAIN DEVICES MARKET FOR RETAIL & E-COMMERCE, BY REGION, 2021–2026 (USD MILLION)
9.1.5 TRAVEL & HOSPITALITY
9.1.5.1 Blockchain technology can assist in eliminating middlemen, promoting direct provider-to-consumer interaction, and lowering costs
TABLE 64 BLOCKCHAIN DEVICES MARKET FOR TRAVEL & HOSPITALITY, BY REGION, 2018–2020 (USD MILLION)
FIGURE 56 NORTH AMERICA TO LEAD BLOCKCHAIN DEVICES MARKET FOR TRAVEL & HOSPITALITY DURING FORECAST PERIOD
TABLE 65 BLOCKCHAIN DEVICES MARKET FOR TRAVEL & HOSPITALITY, BY REGION, 2021–2026 (USD MILLION)
9.1.6 AUTOMOTIVE
9.1.6.1 Blockchains could be used to track automotive parts in supply chain and identify counterfeits
TABLE 66 BLOCKCHAIN DEVICES MARKET FOR AUTOMOTIVE, BY REGION, 2018–2020 (USD MILLION)
FIGURE 57 NORTH AMERICA TO DOMINATE BLOCKCHAIN DEVICES MARKET FOR AUTOMOTIVE DURING FORECAST PERIOD
TABLE 67 BLOCKCHAIN DEVICES MARKET FOR AUTOMOTIVE, BY REGION, 2021–2026 (USD MILLION)
9.1.7 TRANSPORTATION & LOGISTICS
9.1.7.1 Blockchain technology helps track freights, offers secure transactions, and validate user identities through multi-factor authentication
TABLE 68 BLOCKCHAIN DEVICES MARKET FOR TRANSPORTATION & LOGISTICS, BY REGION, 2018–2020 (USD MILLION)
FIGURE 58 APAC BLOCKCHAIN DEVICES MARKET FOR TRANSPORTATION & LOGISTICS TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
TABLE 69 BLOCKCHAIN DEVICES MARKET FOR TRANSPORTATION & LOGISTICS, BY REGION, 2021–2026 (USD MILLION)
9.1.8 IT & TELECOMMUNICATION
9.1.8.1 Operational support provided by blockchain devices for OSS/BSS and surge in data security concerns to drive blockchain devices market for IT & telecommunication
TABLE 70 BLOCKCHAIN DEVICES MARKET FOR IT & TELECOMMUNICATION, BY REGION, 2018–2020 (USD MILLION)
FIGURE 59 NORTH AMERICA TO DOMINATE BLOCKCHAIN DEVICES MARKET FOR
IT & TELECOMMUNICATION DURING FORECAST PERIOD
TABLE 71 BLOCKCHAIN DEVICES MARKET FOR IT & TELECOMMUNICATION, BY REGION, 2021–2026 (USD MILLION)
9.1.9 OTHERS
9.1.9.1 Other end users would present significant growth opportunities for blockchain solutions
TABLE 72 BLOCKCHAIN DEVICES MARKET FOR OTHERS, BY REGION, 2018–2020 (USD MILLION)
FIGURE 60 NORTH AMERICA TO DOMINATE BLOCKCHAIN DEVICES MARKET
FOR IT & TELECOMMUNICATION DURING FORECAST PERIOD
TABLE 73 BLOCKCHAIN DEVICES MARKET FOR OTHERS, BY REGION, 2021–2026 (USD MILLION)
10 GEOGRAPHIC ANALYSIS
10.1 INTRODUCTION
FIGURE 61 ROW BLOCKCHAIN DEVICES MARKET TO REGISTER HIGHEST CAGR BETWEEN 2021 AND 2026
FIGURE 62 NORTH AMERICA TO LEAD BLOCKCHAIN DEVICES MARKET DURING FORECAST PERIOD
TABLE 74 BLOCKCHAIN DEVICES MARKET, BY REGION, 2018–2020 (USD MILLION)
TABLE 75 BLOCKCHAIN DEVICES MARKET, BY REGION, 2021–2026 (USD MILLION)
10.2 NORTH AMERICA
FIGURE 63 NORTH AMERICA: SNAPSHOT OF BLOCKCHAIN DEVICES MARKET
TABLE 76 BLOCKCHAIN DEVICES MARKET IN NORTH AMERICA, BY TYPE, 2018–2020 (USD MILLION)
TABLE 77 BLOCKCHAIN DEVICES MARKET IN NORTH AMERICA, BY TYPE, 2021–2026 (USD MILLION)
TABLE 78 BLOCKCHAIN DEVICES MARKET IN NORTH AMERICA, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 79 BLOCKCHAIN DEVICES MARKET IN NORTH AMERICA, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 80 BLOCKCHAIN DEVICES MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 81 BLOCKCHAIN DEVICES MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
10.2.1 US
10.2.1.1 Large presence of vendors and growing need for simplifying business processes to drive market growth
10.2.2 CANADA
10.2.2.1 Rapid infrastructure development through distributed ledger technology to deliver secure and transparent services to drive growth of Canadian market
10.2.3 MEXICO
10.2.3.1 Increasing focus on digitalization to drive growth of blockchain devices market in Mexico
10.3 EUROPE
FIGURE 64 EUROPE: SNAPSHOT OF BLOCKCHAIN DEVICES MARKET
TABLE 82 BLOCKCHAIN DEVICES MARKET IN EUROPE, BY TYPE, 2018–2020 (USD MILLION)
TABLE 83 BLOCKCHAIN DEVICES MARKET IN EUROPE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 84 BLOCKCHAIN DEVICES MARKET IN EUROPE, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 85 BLOCKCHAIN DEVICES MARKET IN EUROPE, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 86 BLOCKCHAIN DEVICES MARKET IN EUROPE, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 87 BLOCKCHAIN DEVICES MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
10.3.1 GERMANY
10.3.1.1 Growing adoption of blockchain in automotive and pharmaceutical industries to drive market growth in Germany
10.3.2 UK
10.3.2.1 Initiatives for integration of blockchain technology into manufacturing industries and supply chains to drive market growth
10.3.3 FRANCE
10.3.3.1 Presence of leading blockchain devices vendors and government-led initiatives to drive market growth in France
10.3.4 AUSTRIA
10.3.4.1 Increasing research and development and initiatives by public and private sector companies for development of blockchain devices to drive market growth
10.3.5 REST OF EUROPE
10.4 ASIA PACIFIC
FIGURE 65 ASIA PACIFIC: SNAPSHOT OF BLOCKCHAIN DEVICES MARKET
TABLE 88 BLOCKCHAIN DEVICES MARKET IN APAC, BY TYPE, 2018–2020 (USD MILLION)
TABLE 89 BLOCKCHAIN DEVICES MARKET IN APAC, BY TYPE, 2021–2026 (USD MILLION)
TABLE 90 BLOCKCHAIN DEVICES MARKET IN APAC, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 91 BLOCKCHAIN DEVICES MARKET IN APAC, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 92 BLOCKCHAIN DEVICES MARKET IN APAC, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 93 BLOCKCHAIN DEVICES MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
10.4.1 CHINA
10.4.1.1 Increasing investments and R&D in blockchain technologies to drive market growth in China
10.4.2 JAPAN
10.4.2.1 Japan to create lucrative opportunities for blockchain devices market for various applications
10.4.3 SOUTH KOREA
10.4.3.1 Government-led initiatives to fuel growth of blockchain devices market in South Korea
10.4.4 SINGAPORE
10.4.4.1 Initiatives by government and growing adoption of blockchain devices in retail industry to drive market growth
10.4.5 INDIA
10.4.5.1 Growing crypto ownership in India to drive growth of blockchain devices market
10.4.6 REST OF ASIA PACIFIC
10.5 ROW
FIGURE 66 ROW: SNAPSHOT OF BLOCKCHAIN DEVICES MARKET
TABLE 94 BLOCKCHAIN DEVICES MARKET IN ROW, BY TYPE, 2018–2020 (USD MILLION)
TABLE 95 BLOCKCHAIN DEVICES MARKET IN ROW, BY TYPE, 2021–2026 (USD MILLION)
TABLE 96 BLOCKCHAIN DEVICES MARKET IN ROW, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 97 BLOCKCHAIN DEVICES MARKET IN ROW, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 98 BLOCKCHAIN DEVICES MARKET IN ROW, BY REGION, 2018–2020 (USD MILLION)
TABLE 99 BLOCKCHAIN DEVICES MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
TABLE 100 BLOCKCHAIN DEVICES MARKET IN SOUTH AMERICA, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 101 BLOCKCHAIN DEVICES MARKET IN SOUTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
10.5.1 SOUTH AMERICA
10.5.1.1 Increasing infrastructure development in South America to fuel market growth
10.5.2 MIDDLE EAST & AFRICA
10.5.2.1 Rapid adoption of blockchain technology in financial institutions to fuel market growth
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
TABLE 102 OVERVIEW OF STRATEGIES DEPLOYED BY TOP MARKET PLAYERS
11.2.1 PRODUCT PORTFOLIO
11.2.2 REGIONAL FOCUS
11.2.3 MANUFACTURING FOOTPRINT
11.2.4 ORGANIC/INORGANIC PLAY
11.3 MARKET SHARE ANALYSIS, 2020
FIGURE 67 SHARE OF MAJOR PLAYERS IN BLOCKCHAIN DEVICES MARKET, 2020
TABLE 103 DEGREE OF COMPETITION, BLOCKCHAIN DEVICES MARKET (2020)
11.4 RANKING OF KEY PLAYERS IN BLOCKCHAIN DEVICES MARKET
FIGURE 68 BLOCKCHAIN DEVICES MARKET: RANKING OF KEY PLAYERS, 2020
11.5 COMPANY EVALUATION QUADRANT
11.5.1 STAR
11.5.2 EMERGING LEADER
11.5.3 PERVASIVE
11.5.4 PARTICIPANT
FIGURE 69 BLOCKCHAIN DEVICES MARKET: COMPANY EVALUATION QUADRANT, 2020
11.6 STARTUP/SME EVALUATION MATRIX
TABLE 104 STARTUPS/SMES IN BLOCKCHAIN DEVICES MARKET
11.6.1 PROGRESSIVE COMPANIES
11.6.2 RESPONSIVE COMPANY
11.6.3 DYNAMIC COMPANY
11.6.4 STARTING BLOCK
FIGURE 70 BLOCKCHAIN DEVICES MARKET, STARTUP/SME EVALUATION MATRIX, 2020
11.7 COMPANY FOOTPRINT (40 COMPANIES)
TABLE 105 COMPANY FOOTPRINT
TABLE 106 TYPE FOOTPRINT OF COMPANIES (40 COMPANIES)
TABLE 107 APPLICATION FOOTPRINT OF COMPANIES (40 COMPANIES)
TABLE 108 REGIONAL FOOTPRINT OF COMPANIES (40 COMPANIES)
11.8 COMPETITIVE SITUATION AND TRENDS
11.8.1 PRODUCT LAUNCHES
TABLE 109 PRODUCT LAUNCHES, OCTOBER 2019–DECEMBER 2020
11.8.2 DEALS
TABLE 110 DEALS, JUNE 2020–DECEMBER 2020
11.8.3 OTHERS
TABLE 111 EXPANSIONS, NOVEMBER 2018 - DECEMBER 2020
12 COMPANY PROFILES
(Business Overview, Products/solutions Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1 KEY PLAYERS
12.1.1 LEDGER
TABLE 112 LEDGER: BUSINESS OVERVIEW
12.1.2 SATOSHILABS
TABLE 113 SATOSHILABS: BUSINESS OVERVIEW
12.1.3 SIRIN LABS
TABLE 114 SIRIN LABS: BUSINESS OVERVIEW
12.1.4 PUNDI X
TABLE 115 PUNDI X: BUSINESS OVERVIEW
12.1.5 GENERAL BYTES
TABLE 116 GENERAL BYTES: BUSINESS OVERVIEW
12.1.6 GENESIS COIN
TABLE 117 GENESIS COIN: BUSINESS OVERVIEW
12.1.7 HTC
TABLE 118 HTC: BUSINESS OVERVIEW
FIGURE 71 HTC: COMPANY SNAPSHOT
12.1.8 RIDDLE&CODE
TABLE 119 RIDDLE&CODE: BUSINESS OVERVIEW
12.1.9 BITACCESS
TABLE 120 BITACCESS: BUSINESS OVERVIEW
12.1.10 SHAPESHIFT
TABLE 121 SHAPESHIFT: BUSINESS OVERVIEW
12.2 OTHER KEY PLAYERS
12.2.1 COINSOURCE
12.2.2 AVADO
12.2.3 SAMSUNG
12.2.4 PAYMYNT
12.2.5 LAMASSU INDUSTRIES
12.2.6 INFINEON TECHNOLOGIES
12.2.7 TANGEM
12.2.8 HELIUM SYSTEMS
12.2.9 MODUM
12.2.10 SAFEPAL
12.2.11 NXM LABS
*Details on Business Overview, Products/solutions Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 AVAILABLE CUSTOMIZATIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 DEFINITION AND SCOPE
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 YEARS CONSIDERED
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Major secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Breakdown of primaries
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.1.3.1 Key industry insights
2.2 MARKET SIZE ESTIMATION
FIGURE 2 PROCESS FLOW OF MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
FIGURE 3 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—REVENUE GENERATED BY MARKET PLAYERS FROM SALES OF BLOCKCHAIN DEVICES
FIGURE 5 TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 6 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 LIMITATIONS
2.6 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
FIGURE 7 HARDWARE WALLETS TO HOLD LARGEST SHARE OF BLOCKCHAIN DEVICES MARKET DURING FORECAST PERIOD
FIGURE 8 WIRED SEGMENT OF BLOCKCHAIN DEVICES MARKET IS PROJECTED TO GROW AT HIGHER RATE THAN WIRELESS SEGMENT DURING FORECAST PERIOD
FIGURE 9 CORPORATE APPLICATION TO HOLD LARGER SHARE OF BLOCKCHAIN DEVICES MARKET DURING FORECAST PERIOD
FIGURE 10 BLOCKCHAIN DEVICES MARKET FOR TRAVEL & HOSPITALITY TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
FIGURE 11 NORTH AMERICA WAS LARGEST MARKET FOR BLOCKCHAIN DEVICES IN 2020
3.1 COVID-19 IMPACT ON BLOCKCHAIN DEVICES MARKET
FIGURE 12 GLOBAL PROPAGATION OF COVID-19
TABLE 1 RECOVERY SCENARIOS FOR GLOBAL ECONOMY
FIGURE 13 BLOCKCHAIN DEVICES MARKET SIZE IN PRE-COVID-19 AND
POST-COVID-19 SCENARIOS
3.1.1 PRE-COVID-19 SCENARIO
3.1.2 POST-COVID-19 SCENARIO
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES IN BLOCKCHAIN DEVICES MARKET
FIGURE 14 INCREASING SIGNIFICANCE OF BLOCKCHAIN TECHNOLOGY IN FINANCIAL INSTITUTIONS HAS FUELED MARKET GROWTH
4.2 BLOCKCHAIN DEVICES MARKET FOR CRYPTO ATMS
FIGURE 15 ONE-WAY CRYPTO ATMS ESTIMATED TO HOLD A LARGER SHARE OF CRYPTO ATM FOR BLOCKCHAIN DEVICES MARKET IN 2021
4.3 BLOCKCHAIN DEVICES MARKET IN NORTH AMERICA, BY APPLICATION AND COUNTRY
FIGURE 16 CORPORATE APPLICATION AND US ARE ESTIMATED TO ACCOUNT FOR LARGEST SHARE OF NORTH AMERICAN BLOCKCHAIN DEVICES MARKET IN 2021
4.4 BLOCKCHAIN DEVICES MARKET, BY END USER
FIGURE 17 TRAVEL & HOSPITALITY END USER SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
4.5 BLOCKCHAIN DEVICES MARKET, BY KEY COUNTRIES
FIGURE 18 BLOCKCHAIN DEVICES MARKET IN US HOLD LARGEST SHARE DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 19 BLOCKCHAIN DEVICES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
FIGURE 20 IMPACT OF DRIVERS ON BLOCKCHAIN DEVICES MARKET
5.2.1.1 Decentralized structure and various other attributes associated with blockchain technology
5.2.1.2 Rapid penetration of blockchain technology in retail & supply chain management applications
FIGURE 21 PATENTS FOR BLOCKCHAIN TECHNOLOGY IN RETAIL & SUPPLY CHAIN MANAGEMENT, 2015–2020
5.2.1.3 Growing visibility of benefits of blockchain technology in financial sector
5.2.1.4 Growth in cryptocurrency market capitalization and initial coin offering (ICO)
FIGURE 22 TOTAL CRYPTOCURRENCY MARKET CAPITALIZATION DURING
JANUARY 01, 2017–SEPTEMBER 16, 2021
FIGURE 23 TOTAL UNITS OF CRYPTO ATMS INSTALLED FROM
JANUARY 2014 TO SEPTEMBER 2021
5.2.2 RESTRAINTS
FIGURE 24 IMPACT OF RESTRAINTS ON BLOCKCHAIN DEVICES MARKET
5.2.2.1 Regulatory uncertainty associated with blockchain implementation
5.2.2.2 Lack of awareness, comprehension, and user experience about blockchain technology
5.2.3 OPPORTUNITIES
FIGURE 25 IMPACT OF OPPORTUNITIES ON BLOCKCHAIN DEVICES MARKET
5.2.3.1 Increasing acceptance of cryptocurrencies as mode of payment across various industries
5.2.3.2 Anticipated adoption of blockchain technology in automotive industry for maintaining records and securing payments
5.2.3.3 Integration of blockchain technology with Internet of Things (IoT), artificial intelligence (AI), and cloud
FIGURE 26 PATENTS FOR IOT BLOCKCHAIN DEVICES, 2015–2020
5.2.4 CHALLENGES
FIGURE 27 IMPACT OF CHALLENGES ON BLOCKCHAIN DEVICES MARKET
5.2.4.1 Security-, privacy-, and control-related challenges associated with blockchain technology
5.3 VALUE CHAIN ANALYSIS
FIGURE 28 VALUE CHAIN ANALYSIS OF BLOCKCHAIN DEVICES ECOSYSTEM: MANUFACTURING AND SOFTWARE INTEGRATION PHASES CONTRIBUTE MOST VALUE
5.3.1 PLANNING AND REVISING FUND
5.3.2 RESEARCH & DEVELOPMENT
5.3.3 MANUFACTURING & SOFTWARE INTEGRATION
5.3.4 ASSEMBLY, DISTRIBUTION, AND AFTER-SALES SERVICES
5.4 ECOSYSTEM
FIGURE 29 BLOCKCHAIN DEVICES ECOSYSTEM
TABLE 2 LIST OF COMPANIES AND THEIR ROLE IN BLOCKCHAIN DEVICES ECOSYSTEM
5.5 TRENDS IMPACTING CUSTOMERS’ BUSINESS
FIGURE 30 REVENUE SHIFT IN BLOCKCHAIN DEVICES MARKET
5.6 CASE STUDIES
5.6.1 MOBILITY OPEN BLOCKCHAIN INITIATIVE (US) IS WORKING TO CO-DESIGN BLOCKCHAIN AND DISTRIBUTED LEDGER TECHNOLOGY STANDARDS TO IMPROVE SUPPLY CHAIN EFFICIENCY IN AUTOMOTIVE INDUSTRY
5.6.2 SARNA PLASTEC (SWITZERLAND) ACCELERATED ITS DEVELOPMENT PROCESS WITH MODUM'S (SWITZERLAND) BLOCKCHAIN-POWERED DATA INTEGRITY SOLUTION
5.6.3 COINJAR (AUSTRALIA) WAS ABLE TO SCALE UP BUSINESS BY EMPLOYING COMBINATION OF BITGO (US) CUSTODY AND SETTLEMENT, ALONG WITH HOT, WARM, AND COLD WALLETS
5.6.4 FORTMATIC (US) CHOSE ALCHEMY (US) AS ITS BLOCKCHAIN FUNCTIONAL INFRASTRUCTURE PROVIDER TO ENSURE RELIABILITY AND HIGH-SPEED TRANSACTION
5.6.5 WALMART (US) ACHIEVED UNPRECEDENTED TRANSPARENCY IN FOOD SUPPLY CHAIN WITH HYPERLEDGER FABRIC MODULAR BLOCKCHAIN FRAMEWORK
5.7 PORTER’S FIVE FORCES ANALYSIS
FIGURE 31 PORTER’S FIVE FORCES ANALYSIS
TABLE 3 BLOCKCHAIN DEVICES MARKET: PORTER’S FIVE FORCES ANALYSIS
5.7.1 THREAT OF NEW ENTRANTS
5.7.2 THREAT OF SUBSTITUTES
5.7.3 BARGAINING POWER OF BUYERS
5.7.4 BARGAINING POWER OF SUPPLIERS
5.7.5 DEGREE OF COMPETITION
5.8 TECHNOLOGY ANALYSIS
5.8.1 KEY TECHNOLOGY
5.8.1.1 Single hardware wallet supporting multiple blockchains
5.8.1.2 Rise of blockchain smartphones owing to their benefits and features
5.8.2 COMPLEMENTARY TECHNOLOGY
5.8.2.1 Emergence of cloud services—blockchain-as-a-service (BaaS) platforms
5.8.3 ADJACENT TECHNOLOGY
5.8.3.1 Blockchain IoT hardware for enterprises of all size
5.9 TRADE ANALYSIS
5.9.1 IMPORT SCENARIO
5.9.1.1 Import scenario for blockchain devices market
TABLE 4 IMPORT DATA FOR UNITS OF AUTOMATIC DATA-PROCESSING MACHINES (INCLUDING BLOCKCHAIN DEVICES), BY KEY COUNTRY, 2012–2020 (USD BILLION)
FIGURE 32 IMPORT DATA FOR UNITS OF AUTOMATIC DATA-PROCESSING MACHINES (INCLUDING BLOCKCHAIN DEVICES) FOR TOP FIVE COUNTRIES, 2016–2020 (USD BILLION)
5.9.2 EXPORT SCENARIO
5.9.2.1 Export scenario for blockchain devices market
TABLE 5 EXPORT DATA FOR UNITS OF AUTOMATIC DATA-PROCESSING MACHINES (INCLUDING BLOCKCHAIN DEVICES), BY KEY COUNTRY, 2012–2020 (USD BILLION)
FIGURE 33 EXPORT DATA FOR UNITS OF AUTOMATIC DATA-PROCESSING MACHINES (INCLUDING BLOCKCHAIN DEVICES) FOR TOP FIVE COUNTRIES, 2016–2020 (USD BILLION)
5.10 PATENT ANALYSIS
TABLE 6 PATENTS FILED FOR VARIOUS TYPES OF BLOCKCHAIN DEVICES, 2020
FIGURE 34 BLOCKCHAIN DEVICES PATENTS PUBLISHED FROM 2014 TO 2020
FIGURE 35 TOP 10 COMPANIES WITH LARGEST NO. OF PATENT APPLICATIONS, 2014–2020
5.11 TARIFFS AND REGULATIONS
5.11.1 TARIFFS
TABLE 7 MFN TARIFFS LEVIED BY US ON A FEW KEY COUNTRIES FOR EXPORTS OF PRODUCTS CONSIDERED UNDER HS CODE 847180
TABLE 8 MFN TARIFFS LEVIED BY CHINA ON A FEW KEY COUNTRIES FOR EXPORTS OF PRODUCTS CONSIDERED UNDER HS CODE 847180
5.11.1.1 Positive impact of tariffs on blockchain devices ecosystem
5.11.1.2 Negative impact of tariffs on the blockchain devices ecosystem
5.11.2 REGULATIONS AND STANDARDS
FIGURE 36 VARIOUS STANDARDS FOR BLOCKCHAIN DEVICES
5.11.2.1 Service Organization Control (SOC)
5.11.2.2 CryptoCurrency Security Standard (CCSS)
5.11.2.3 Restriction of Hazardous Substances (RoHS)
5.11.2.4 Regional regulatory landscape
5.11.2.4.1 North America: regulatory landscape
TABLE 9 REGULATIONS AND ASSOCIATIONS FOR BLOCKCHAIN TECHNOLOGY & DEVICES IN NORTH AMERICA
5.11.2.4.2 Europe: Regulatory landscape
TABLE 10 REGULATIONS AND ASSOCIATIONS FOR BLOCKCHAIN
TECHNOLOGY & DEVICES IN EUROPE
5.11.2.4.3 Asia Pacific: Regulatory landscape
TABLE 11 REGULATIONS AND ASSOCIATIONS FOR BLOCKCHAIN
TECHNOLOGY & DEVICES IN APAC
5.11.2.4.4 RoW: Regulatory landscape
TABLE 12 REGULATIONS AND ASSOCIATIONS FOR BLOCKCHAIN
TECHNOLOGY & DEVICES IN ROW
5.12 AVERAGE SELLING PRICE TRENDS
TABLE 13 AVERAGE SELLING PRICES OF BLOCKCHAIN DEVICES
5.13 TYPES OF BLOCKCHAIN
5.13.1 PUBLIC BLOCKCHAIN
5.13.2 PRIVATE BLOCKCHAIN
5.13.3 HYBRID BLOCKCHAIN
5.14 BLOCKCHAIN ASSOCIATIONS AND CONSORTIUMS
5.14.1 ENTERPRISE ETHEREUM ALLIANCE
5.14.2 CONTINUOUS LINKED SETTLEMENT (CLS)
5.14.3 R3CE V BLOCKCHAIN CONSORTIUM
5.14.4 HYPERLEDGER CONSORTIUM
5.14.5 GLOBAL PAYMENTS STEERING GROUP (GPSG)
5.14.6 FINANCIAL BLOCKCHAIN SHENZHEN CONSORTIUM (FBSC)
5.14.7 CULEDGER
5.14.8 BLOCKCHAIN COLLABORATIVE CONSORTIUM (BCCC)
5.14.9 GLOBAL BLOCKCHAIN BUSINESS COUNCIL
5.14.10 WALL STREET BLOCKCHAIN ALLIANCE (WSBA)
5.14.11 OTHER BLOCKCHAIN ASSOCIATIONS
6 BLOCKCHAIN DEVICES MARKET, BY TYPE
6.1 INTRODUCTION
FIGURE 37 HARDWARE WALLETS TO HOLD LARGEST SIZE OF BLOCKCHAIN DEVICES MARKET IN 2026
TABLE 14 BLOCKCHAIN DEVICES MARKET, BY TYPE, 2018–2020 (USD MILLION)
TABLE 15 BLOCKCHAIN DEVICES MARKET, BY TYPE, 2021–2026 (USD MILLION)
TABLE 16 BLOCKCHAIN DEVICES MARKET, BY TYPE, 2018–2020 (UNITS)
TABLE 17 BLOCKCHAIN DEVICES MARKET, BY TYPE, 2021–2026 (UNITS)
6.2 HARDWARE WALLETS
6.2.1 HARDWARE WALLETS GENERATE PRIVATE KEYS OFFLINE IN COLD STORAGE AND PROTECT THOSE FROM VULNERABILITIES AND VIRUSES
TABLE 18 PLAYERS OFFERING HARDWARE WALLETS
TABLE 19 BLOCKCHAIN DEVICES MARKET FOR HARDWARE WALLETS, BY REGION, 2018–2020 (USD MILLION)
FIGURE 38 NORTH AMERICA TO HOLD LARGEST SHARE OF BLOCKCHAIN DEVICES MARKET FOR HARDWARE WALLETS IN 2026
TABLE 20 BLOCKCHAIN DEVICES MARKET FOR HARDWARE WALLETS, BY REGION, 2021–2026 (USD MILLION)
6.2.2 CRYPTO HARDWARE WALLETS
6.2.2.1 Acceptance of cryptocurrencies across various regions and sectors is driving market for crypto hardware wallets
6.2.3 CAR WALLETS
6.2.3.1 Car wallets enable autonomous payment of parking fees, toll fees, and battery recharging
6.2.4 SMART CARDS
6.2.4.1 Smart cards are funded by cryptocurrency balance of users
6.3 BLOCKCHAIN SMARTPHONES
6.3.1 BLOCKCHAIN SMARTPHONES SECURELY STORE PRIVATE KEYS AND OTHER SENSITIVE INFORMATION WITHOUT GIVING ACCESS TO ANY THIRD-PARTY SOFTWARE
TABLE 21 PLAYERS OFFERING BLOCKCHAIN SMARTPHONES
TABLE 22 BLOCKCHAIN SMARTPHONES MARKET, BY REGION, 2018–2020 (USD MILLION)
FIGURE 39 BLOCKCHAIN SMARTPHONES MARKET IN APAC TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
TABLE 23 BLOCKCHAIN SMARTPHONES MARKET, BY REGION, 2021–2026 (USD MILLION)
6.4 CRYPTO ATMS
6.4.1 AVAILABILITY OF CRYPTO ATMS CUSTOMIZABLE FOR REGULATORY COMPLIANCE AND END-USER REQUIREMENTS PROVIDES GROWTH OPPORTUNITIES
TABLE 24 PLAYERS OFFERING CRYPTO ATMS
TABLE 25 CRYPTO ATMS MARKET, BY REGION, 2018–2020 (USD MILLION)
FIGURE 40 NORTH AMERICA TO LEAD CRYPTO ATMS MARKET DURING FORECAST PERIOD
TABLE 26 CRYPTO ATMS MARKET, BY REGION, 2021–2026 (USD MILLION)
TABLE 27 CRYPTO ATMS MARKET, BY TYPE, 2018–2020 (USD MILLION)
TABLE 28 CRYPTO ATM MARKET, BY TYPE, 2021–2026 (USD MILLION)
6.4.2 ONE-WAY CRYPTO ATMS
6.4.2.1 One-way crypto ATMs only perform one function at terminal
6.4.3 TWO-WAY CRYPTO ATMS
6.4.3.1 Two-way crypto ATMs segment would grow at higher rate
than one-way crypto ATMs
6.5 POS DEVICES
6.5.1 POS DEVICES ALLOW FLEXIBLE PAYMENT PROCESSING OF CRYPTOCURRENCIES FROM ANY LOCATION
TABLE 29 PLAYERS OFFERING POS DEVICES
TABLE 30 POS DEVICES MARKET, BY REGION, 2018–2020 (USD MILLION)
FIGURE 41 MARKET FOR POS DEVICES TO GROW AT FASTEST RATE IN NORTH AMERICA DURING FORECAST PERIOD
TABLE 31 POS DEVICES MARKET, BY REGION, 2021–2026 (USD MILLION)
6.6 BLOCKCHAIN IOT GATEWAYS
6.6.1 INTEGRATION OF BLOCKCHAIN TECHNOLOGY WITH IOT DEVICES ENSURES EXTRA LEVEL OF SECURITY WITH QUICK AND TRANSPARENT COMMUNICATION AMONG IOT DEVICES
TABLE 32 PLAYERS OFFERING BLOCKCHAIN IOT GATEWAY PRODUCTS/SOLUTIONS
TABLE 33 BLOCKCHAIN IOT GATEWAYS MARKET, BY REGION, 2018–2020 (USD MILLION)
FIGURE 42 NORTH AMERICA TO LEAD BLOCKCHAIN IOT GATEWAYS MARKET DURING FORECAST PERIOD
TABLE 34 BLOCKCHAIN IOT GATEWAYS MARKET, BY REGION, 2021–2026 (USD MILLION)
6.7 OTHER BLOCKCHAIN DEVICES
TABLE 35 PLAYERS OFFERING OTHER BLOCKCHAIN DEVICES/SOLUTIONS
TABLE 36 OTHER BLOCKCHAIN DEVICES MARKET, BY REGION, 2018–2020 (USD MILLION)
FIGURE 43 NORTH AMERICA TO HOLD LARGEST SHARE OF OTHER BLOCKCHAIN DEVICES MARKET DURING FORECAST PERIOD
TABLE 37 OTHER BLOCKCHAIN DEVICES MARKET, BY REGION, 2021–2026 (USD MILLION)
7 BLOCKCHAIN DEVICES MARKET, BY CONNECTIVITY
7.1 INTRODUCTION
FIGURE 44 WIRED SEGMENT IS PROJECTED TO LEAD BLOCKCHAIN DEVICES MARKET FROM 2021 TO 2026
TABLE 38 BLOCKCHAIN DEVICES MARKET, BY CONNECTIVITY, 2018–2020 (USD MILLION)
TABLE 39 BLOCKCHAIN DEVICES MARKET, BY CONNECTIVITY, 2021–2026 (USD MILLION)
7.2 WIRED
7.2.1 WIRED BLOCKCHAIN DEVICES OFFER BETTER CONNECTIVITY THAN WIRELESS BLOCKCHAIN DEVICES
TABLE 40 PLAYERS OFFERING WIRED BLOCKCHAIN DEVICES
TABLE 41 BLOCKCHAIN DEVICES MARKET FOR WIRED CONNECTIVITY, BY TYPE, 2018–2020 (USD MILLION)
FIGURE 45 CRYPTO ATMS SEGMENT OF WIRED BLOCKCHAIN DEVICES MARKET TO GROW AT HIGHER RATE THAN HARDWARE WALLETS DURING FORECAST PERIOD
TABLE 42 WIRED BLOCKCHAIN DEVICES MARKET, BY TYPE, 2021–2026 (USD MILLION)
7.3 WIRELESS
7.3.1 WIRELESS BLOCKCHAIN DEVICES ARE WITNESSING SIGNIFICANT GROWTH
TABLE 43 PLAYERS OFFERING WIRELESS BLOCKCHAIN DEVICES
TABLE 44 MARKET FOR WIRELESS BLOCKCHAIN DEVICES, BY TYPE, 2018–2020 (USD MILLION)
FIGURE 46 HARDWARE WALLETS TO HOLD LARGEST SHARE OF WIRELESS BLOCKCHAIN DEVICES MARKET DURING FORECAST PERIOD
TABLE 45 MARKET FOR WIRELESS BLOCKCHAIN DEVICES, BY TYPE, 2021–2026 (USD MILLION)
8 BLOCKCHAIN DEVICES MARKET, BY APPLICATION
8.1 INTRODUCTION
FIGURE 47 BLOCKCHAIN DEVICES MARKET FOR CORPORATE APPLICATION TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
TABLE 46 BLOCKCHAIN DEVICES MARKET, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 47 BLOCKCHAIN DEVICES MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
8.2 PERSONAL
8.2.1 INCREASING GLOBAL ACCEPTANCE OF CRYPTOCURRENCIES IS DRIVING USE OF BLOCKCHAIN DEVICES FOR PERSONAL USE
TABLE 48 BLOCKCHAIN DEVICES MARKET FOR PERSONAL APPLICATION, BY REGION, 2018–2020 (USD MILLION)
FIGURE 48 NORTH AMERICA TO BE LARGEST MARKET FOR PERSONAL APPLICATION DURING FORECAST PERIOD
TABLE 49 BLOCKCHAIN DEVICES MARKET FOR PERSONAL APPLICATION, BY REGION, 2021–2026 (USD MILLION)
8.3 CORPORATE
8.3.1 ADOPTION OF BLOCKCHAIN TECHNOLOGY ACROSS SUPPLY CHAIN FOR TRACKING AND MONITORING OF ASSETS IS DRIVING USE OF BLOCKCHAIN DEVICES
TABLE 50 BLOCKCHAIN DEVICES MARKET FOR CORPORATE APPLICATION, BY REGION, 2018–2020 (USD MILLION)
FIGURE 49 NORTH AMERICA TO BE LARGEST MARKET FOR CORPORATE APPLICATION DURING FORECAST PERIOD
TABLE 51 BLOCKCHAIN DEVICES MARKET FOR CORPORATE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
8.3.2 BLOCKCHAIN DEVICES MARKET FOR CORPORATE APPLICATION, BY ENTERPRISE SIZE
TABLE 52 BLOCKCHAIN DEVICES MARKET FOR CORPORATE, BY ENTERPRISE SIZE, 2018–2020 (USD MILLION)
FIGURE 50 LARGE ENTERPRISES TO HOLD LARGER SHARE OF BLOCKCHAIN DEVICES MARKET FOR CORPORATE APPLICATION DURING FORECAST PERIOD
TABLE 53 BLOCKCHAIN DEVICES MARKET FOR CORPORATE, BY ENTERPRISE SIZE, 2021–2026 (USD MILLION)
8.3.2.1 Large enterprises
8.3.2.1.1 Drivers for blockchain devices market for large enterprises
8.3.2.1.2 Large enterprises: Impact of COVID-19
8.3.2.2 Small and medium-sized enterprises
8.3.2.2.1 Drivers for blockchain devices market for small and medium-sized enterprises
8.3.2.2.2 Small and medium-sized enterprises: Impact of COVID-19
9 BLOCKCHAIN DEVICES MARKET, BY END USER
9.1 INTRODUCTION
FIGURE 51 CONSUMER END USER SEGMENT TO DOMINATE BLOCKCHAIN DEVICES MARKET DURING FORECAST PERIOD
TABLE 54 BLOCKCHAIN DEVICES MARKET, BY END USER, 2018–2020 (USD MILLION)
TABLE 55 BLOCKCHAIN DEVICES MARKET, BY END USER, 2021–2026 (USD MILLION)
9.1.1 CONSUMER
9.1.1.1 Blockchain-enabled devices help trace products, determine whether warranty has expired, and conduct full recalls
TABLE 56 BLOCKCHAIN DEVICES MARKET FOR CONSUMER, BY REGION, 2018–2020 (USD MILLION)
FIGURE 52 NORTH AMERICA TO LEAD BLOCKCHAIN DEVICES MARKET FOR CONSUMER DURING FORECAST PERIOD
TABLE 57 BLOCKCHAIN DEVICES MARKET FOR CONSUMER, BY REGION, 2021–2026 (USD MILLION)
9.1.2 BFSI
9.1.2.1 Implementing blockchain in BFSI helps reduce frauds, minimize risks, and increase customer satisfaction
TABLE 58 BLOCKCHAIN DEVICES MARKET FOR BFSI, BY REGION, 2018–2020 (USD MILLION)
FIGURE 53 NORTH AMERICA TO DOMINATE BLOCKCHAIN DEVICES MARKET
FOR BFSI THROUGHOUT FORECAST PERIOD
TABLE 59 BLOCKCHAIN DEVICES MARKET FOR BFSI, BY REGION, 2021–2026 (USD MILLION)
9.1.3 GOVERNMENT
9.1.3.1 Blockchain technology enables recording of transactions on distributed ledgers to increase transparency in government agencies
TABLE 60 BLOCKCHAIN DEVICES MARKET FOR GOVERNMENT, BY REGION, 2018–2020 (USD MILLION)
FIGURE 54 NORTH AMERICA TO DOMINATE BLOCKCHAIN DEVICES MARKET FOR GOVERNMENT THROUGHOUT FORECAST PERIOD
TABLE 61 BLOCKCHAIN DEVICES MARKET FOR GOVERNMENT, BY REGION, 2021–2026 (USD MILLION)
9.1.4 RETAIL & E-COMMERCE
9.1.4.1 Blockchain technology prevents data manipulation, which is expected to drive blockchain devices market for retail & e-commerce
TABLE 62 BLOCKCHAIN DEVICES MARKET FOR RETAIL & E-COMMERCE, BY REGION, 2018–2020 (USD MILLION)
FIGURE 55 NORTH AMERICA TO DOMINATE BLOCKCHAIN DEVICES MARKET FOR RETAIL & E-COMMERCE THROUGHOUT FORECAST PERIOD
TABLE 63 BLOCKCHAIN DEVICES MARKET FOR RETAIL & E-COMMERCE, BY REGION, 2021–2026 (USD MILLION)
9.1.5 TRAVEL & HOSPITALITY
9.1.5.1 Blockchain technology can assist in eliminating middlemen, promoting direct provider-to-consumer interaction, and lowering costs
TABLE 64 BLOCKCHAIN DEVICES MARKET FOR TRAVEL & HOSPITALITY, BY REGION, 2018–2020 (USD MILLION)
FIGURE 56 NORTH AMERICA TO LEAD BLOCKCHAIN DEVICES MARKET FOR TRAVEL & HOSPITALITY DURING FORECAST PERIOD
TABLE 65 BLOCKCHAIN DEVICES MARKET FOR TRAVEL & HOSPITALITY, BY REGION, 2021–2026 (USD MILLION)
9.1.6 AUTOMOTIVE
9.1.6.1 Blockchains could be used to track automotive parts in supply chain and identify counterfeits
TABLE 66 BLOCKCHAIN DEVICES MARKET FOR AUTOMOTIVE, BY REGION, 2018–2020 (USD MILLION)
FIGURE 57 NORTH AMERICA TO DOMINATE BLOCKCHAIN DEVICES MARKET FOR AUTOMOTIVE DURING FORECAST PERIOD
TABLE 67 BLOCKCHAIN DEVICES MARKET FOR AUTOMOTIVE, BY REGION, 2021–2026 (USD MILLION)
9.1.7 TRANSPORTATION & LOGISTICS
9.1.7.1 Blockchain technology helps track freights, offers secure transactions, and validate user identities through multi-factor authentication
TABLE 68 BLOCKCHAIN DEVICES MARKET FOR TRANSPORTATION & LOGISTICS, BY REGION, 2018–2020 (USD MILLION)
FIGURE 58 APAC BLOCKCHAIN DEVICES MARKET FOR TRANSPORTATION & LOGISTICS TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
TABLE 69 BLOCKCHAIN DEVICES MARKET FOR TRANSPORTATION & LOGISTICS, BY REGION, 2021–2026 (USD MILLION)
9.1.8 IT & TELECOMMUNICATION
9.1.8.1 Operational support provided by blockchain devices for OSS/BSS and surge in data security concerns to drive blockchain devices market for IT & telecommunication
TABLE 70 BLOCKCHAIN DEVICES MARKET FOR IT & TELECOMMUNICATION, BY REGION, 2018–2020 (USD MILLION)
FIGURE 59 NORTH AMERICA TO DOMINATE BLOCKCHAIN DEVICES MARKET FOR
IT & TELECOMMUNICATION DURING FORECAST PERIOD
TABLE 71 BLOCKCHAIN DEVICES MARKET FOR IT & TELECOMMUNICATION, BY REGION, 2021–2026 (USD MILLION)
9.1.9 OTHERS
9.1.9.1 Other end users would present significant growth opportunities for blockchain solutions
TABLE 72 BLOCKCHAIN DEVICES MARKET FOR OTHERS, BY REGION, 2018–2020 (USD MILLION)
FIGURE 60 NORTH AMERICA TO DOMINATE BLOCKCHAIN DEVICES MARKET
FOR IT & TELECOMMUNICATION DURING FORECAST PERIOD
TABLE 73 BLOCKCHAIN DEVICES MARKET FOR OTHERS, BY REGION, 2021–2026 (USD MILLION)
10 GEOGRAPHIC ANALYSIS
10.1 INTRODUCTION
FIGURE 61 ROW BLOCKCHAIN DEVICES MARKET TO REGISTER HIGHEST CAGR BETWEEN 2021 AND 2026
FIGURE 62 NORTH AMERICA TO LEAD BLOCKCHAIN DEVICES MARKET DURING FORECAST PERIOD
TABLE 74 BLOCKCHAIN DEVICES MARKET, BY REGION, 2018–2020 (USD MILLION)
TABLE 75 BLOCKCHAIN DEVICES MARKET, BY REGION, 2021–2026 (USD MILLION)
10.2 NORTH AMERICA
FIGURE 63 NORTH AMERICA: SNAPSHOT OF BLOCKCHAIN DEVICES MARKET
TABLE 76 BLOCKCHAIN DEVICES MARKET IN NORTH AMERICA, BY TYPE, 2018–2020 (USD MILLION)
TABLE 77 BLOCKCHAIN DEVICES MARKET IN NORTH AMERICA, BY TYPE, 2021–2026 (USD MILLION)
TABLE 78 BLOCKCHAIN DEVICES MARKET IN NORTH AMERICA, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 79 BLOCKCHAIN DEVICES MARKET IN NORTH AMERICA, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 80 BLOCKCHAIN DEVICES MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 81 BLOCKCHAIN DEVICES MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
10.2.1 US
10.2.1.1 Large presence of vendors and growing need for simplifying business processes to drive market growth
10.2.2 CANADA
10.2.2.1 Rapid infrastructure development through distributed ledger technology to deliver secure and transparent services to drive growth of Canadian market
10.2.3 MEXICO
10.2.3.1 Increasing focus on digitalization to drive growth of blockchain devices market in Mexico
10.3 EUROPE
FIGURE 64 EUROPE: SNAPSHOT OF BLOCKCHAIN DEVICES MARKET
TABLE 82 BLOCKCHAIN DEVICES MARKET IN EUROPE, BY TYPE, 2018–2020 (USD MILLION)
TABLE 83 BLOCKCHAIN DEVICES MARKET IN EUROPE, BY TYPE, 2021–2026 (USD MILLION)
TABLE 84 BLOCKCHAIN DEVICES MARKET IN EUROPE, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 85 BLOCKCHAIN DEVICES MARKET IN EUROPE, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 86 BLOCKCHAIN DEVICES MARKET IN EUROPE, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 87 BLOCKCHAIN DEVICES MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
10.3.1 GERMANY
10.3.1.1 Growing adoption of blockchain in automotive and pharmaceutical industries to drive market growth in Germany
10.3.2 UK
10.3.2.1 Initiatives for integration of blockchain technology into manufacturing industries and supply chains to drive market growth
10.3.3 FRANCE
10.3.3.1 Presence of leading blockchain devices vendors and government-led initiatives to drive market growth in France
10.3.4 AUSTRIA
10.3.4.1 Increasing research and development and initiatives by public and private sector companies for development of blockchain devices to drive market growth
10.3.5 REST OF EUROPE
10.4 ASIA PACIFIC
FIGURE 65 ASIA PACIFIC: SNAPSHOT OF BLOCKCHAIN DEVICES MARKET
TABLE 88 BLOCKCHAIN DEVICES MARKET IN APAC, BY TYPE, 2018–2020 (USD MILLION)
TABLE 89 BLOCKCHAIN DEVICES MARKET IN APAC, BY TYPE, 2021–2026 (USD MILLION)
TABLE 90 BLOCKCHAIN DEVICES MARKET IN APAC, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 91 BLOCKCHAIN DEVICES MARKET IN APAC, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 92 BLOCKCHAIN DEVICES MARKET IN APAC, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 93 BLOCKCHAIN DEVICES MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
10.4.1 CHINA
10.4.1.1 Increasing investments and R&D in blockchain technologies to drive market growth in China
10.4.2 JAPAN
10.4.2.1 Japan to create lucrative opportunities for blockchain devices market for various applications
10.4.3 SOUTH KOREA
10.4.3.1 Government-led initiatives to fuel growth of blockchain devices market in South Korea
10.4.4 SINGAPORE
10.4.4.1 Initiatives by government and growing adoption of blockchain devices in retail industry to drive market growth
10.4.5 INDIA
10.4.5.1 Growing crypto ownership in India to drive growth of blockchain devices market
10.4.6 REST OF ASIA PACIFIC
10.5 ROW
FIGURE 66 ROW: SNAPSHOT OF BLOCKCHAIN DEVICES MARKET
TABLE 94 BLOCKCHAIN DEVICES MARKET IN ROW, BY TYPE, 2018–2020 (USD MILLION)
TABLE 95 BLOCKCHAIN DEVICES MARKET IN ROW, BY TYPE, 2021–2026 (USD MILLION)
TABLE 96 BLOCKCHAIN DEVICES MARKET IN ROW, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 97 BLOCKCHAIN DEVICES MARKET IN ROW, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 98 BLOCKCHAIN DEVICES MARKET IN ROW, BY REGION, 2018–2020 (USD MILLION)
TABLE 99 BLOCKCHAIN DEVICES MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
TABLE 100 BLOCKCHAIN DEVICES MARKET IN SOUTH AMERICA, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 101 BLOCKCHAIN DEVICES MARKET IN SOUTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
10.5.1 SOUTH AMERICA
10.5.1.1 Increasing infrastructure development in South America to fuel market growth
10.5.2 MIDDLE EAST & AFRICA
10.5.2.1 Rapid adoption of blockchain technology in financial institutions to fuel market growth
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
TABLE 102 OVERVIEW OF STRATEGIES DEPLOYED BY TOP MARKET PLAYERS
11.2.1 PRODUCT PORTFOLIO
11.2.2 REGIONAL FOCUS
11.2.3 MANUFACTURING FOOTPRINT
11.2.4 ORGANIC/INORGANIC PLAY
11.3 MARKET SHARE ANALYSIS, 2020
FIGURE 67 SHARE OF MAJOR PLAYERS IN BLOCKCHAIN DEVICES MARKET, 2020
TABLE 103 DEGREE OF COMPETITION, BLOCKCHAIN DEVICES MARKET (2020)
11.4 RANKING OF KEY PLAYERS IN BLOCKCHAIN DEVICES MARKET
FIGURE 68 BLOCKCHAIN DEVICES MARKET: RANKING OF KEY PLAYERS, 2020
11.5 COMPANY EVALUATION QUADRANT
11.5.1 STAR
11.5.2 EMERGING LEADER
11.5.3 PERVASIVE
11.5.4 PARTICIPANT
FIGURE 69 BLOCKCHAIN DEVICES MARKET: COMPANY EVALUATION QUADRANT, 2020
11.6 STARTUP/SME EVALUATION MATRIX
TABLE 104 STARTUPS/SMES IN BLOCKCHAIN DEVICES MARKET
11.6.1 PROGRESSIVE COMPANIES
11.6.2 RESPONSIVE COMPANY
11.6.3 DYNAMIC COMPANY
11.6.4 STARTING BLOCK
FIGURE 70 BLOCKCHAIN DEVICES MARKET, STARTUP/SME EVALUATION MATRIX, 2020
11.7 COMPANY FOOTPRINT (40 COMPANIES)
TABLE 105 COMPANY FOOTPRINT
TABLE 106 TYPE FOOTPRINT OF COMPANIES (40 COMPANIES)
TABLE 107 APPLICATION FOOTPRINT OF COMPANIES (40 COMPANIES)
TABLE 108 REGIONAL FOOTPRINT OF COMPANIES (40 COMPANIES)
11.8 COMPETITIVE SITUATION AND TRENDS
11.8.1 PRODUCT LAUNCHES
TABLE 109 PRODUCT LAUNCHES, OCTOBER 2019–DECEMBER 2020
11.8.2 DEALS
TABLE 110 DEALS, JUNE 2020–DECEMBER 2020
11.8.3 OTHERS
TABLE 111 EXPANSIONS, NOVEMBER 2018 - DECEMBER 2020
12 COMPANY PROFILES
(Business Overview, Products/solutions Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1 KEY PLAYERS
12.1.1 LEDGER
TABLE 112 LEDGER: BUSINESS OVERVIEW
12.1.2 SATOSHILABS
TABLE 113 SATOSHILABS: BUSINESS OVERVIEW
12.1.3 SIRIN LABS
TABLE 114 SIRIN LABS: BUSINESS OVERVIEW
12.1.4 PUNDI X
TABLE 115 PUNDI X: BUSINESS OVERVIEW
12.1.5 GENERAL BYTES
TABLE 116 GENERAL BYTES: BUSINESS OVERVIEW
12.1.6 GENESIS COIN
TABLE 117 GENESIS COIN: BUSINESS OVERVIEW
12.1.7 HTC
TABLE 118 HTC: BUSINESS OVERVIEW
FIGURE 71 HTC: COMPANY SNAPSHOT
12.1.8 RIDDLE&CODE
TABLE 119 RIDDLE&CODE: BUSINESS OVERVIEW
12.1.9 BITACCESS
TABLE 120 BITACCESS: BUSINESS OVERVIEW
12.1.10 SHAPESHIFT
TABLE 121 SHAPESHIFT: BUSINESS OVERVIEW
12.2 OTHER KEY PLAYERS
12.2.1 COINSOURCE
12.2.2 AVADO
12.2.3 SAMSUNG
12.2.4 PAYMYNT
12.2.5 LAMASSU INDUSTRIES
12.2.6 INFINEON TECHNOLOGIES
12.2.7 TANGEM
12.2.8 HELIUM SYSTEMS
12.2.9 MODUM
12.2.10 SAFEPAL
12.2.11 NXM LABS
*Details on Business Overview, Products/solutions Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 AVAILABLE CUSTOMIZATIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
