How hardware and software integration for Blockchain Devices Market? The blockchain devices market is projected to reach USD 1,285 million by 2024 from USD 218 million in 2019, at a CAGR of 42.5%. Major drivers for the market’s growth are a faster transaction, rising adoption of block chain technology in retail & supply chain management, increasing venture capital funding, and growing market cap for cryptocurrency and initial coin offering (ICO). Furthermore, underlying opportunities for the blockchain devices market include growing acceptance of cryptocurrency across various industries as well as regions, anticipated adoption of blockchain devices for payments, smart contracts, and digital identity, and an increasing number of government initiatives for adopting blockchain technology and devices. Major restraints for the market are uncertain regulations and compliances, and lack of awareness. Issues related to security, privacy, and control pose major challenges to the blockchain devices market. One of the most promising areas where blockchain can provide significant business value is the global supply chain. In its current state, world trade is conducted via a chaotic, fragmented set of business relationships among parties that are untrusted. This results in inefficiencies, errors, and fraud. This is a set of real-world business problems that are currently unsolved and cannot be solved fully without using blockchain technology. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=177053178 The Blockchain devices market for crypto hardware wallets holds the largest market during the forecast period. Crypto hardware wallets are among the most secure methods of storing cryptocurrencies. They contain a range of security features to protect digital
currency keys. These wallets allow traders to store the keys safely and also protect the information from malware. Crypto hardware wallets are protected using PINs. They also include other security features such as a screen for viewing transaction details and buttons to verify the transactions manually. Companies such as Ledger (France), Blockchain Luxembourg S.A. (UK), KASSE (US) are among the frontrunners in the development of crypto hardware wallets for the blockchain devices market. Among all the application, the corporate is expected to grow at a higher CAGR. Devices such as crypto ATMs, PoS devices, crypto hardware wallets, etc. are majorly used by corporate users to access blockchain from their systems. PoS devices are used in the retail industry to carry out payments while other devices such as crypto ATMs, crypto hardware wallets, and blockchain gateways are used in different industry verticals such as BFSI, government, retail & e-commerce, travel & hospitality, automotive, transportation & logistics, IT & telecommunication, etc. to make their existing networks blockchain-enabled. Several traders use crypto hardware wallets to store their private keys, carry out payments, save smart contracts, and share data. APAC is expected to be the largest market for Blockchain devices during the forecast period. This market is divided further into China, Japan, South Korea, India, Singapore, and the Rest of APAC. The Rest of APAC includes Malaysia, Thailand, Australia, and New Zealand. China is the largest market among all APAC countries. China, Japan, South Korea, and India are witnessing growth in the blockchain devices and its start-ups. Blockchainenabled device’s adoption in developing regions of APAC helps organizations in terms of security, transparency of the data.