DUBLIN--(BUSINESS WIRE)--The "Global Hardware Wallet Market - Segmented by Type (USB, NFC, and Bluetooth) and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The market for hardware wallets is projected to register a CAGR of 78.4% during the forecast period (2018 - 2023). The scope of this report is limited to product type, which includes USD, NFC, and Bluetooth, among others.
While there is a debate regarding the future of cryptocurrencies, the interest among users hasn't declined since the market expansion, in Dec 2017. Cryptocurrencies are witnessing increasing consumption, while companies are pushing different modes to store these currencies. The global hardware wallet market is growing at a rapid rate, the demand is expected to more than double, by the end of 2018.
Companies producing hardware wallets are experiencing exponential increase in demand. With the number of people owning cryptocurrencies increasing, the demand for wallets is also growing. Many users have been opting for hardware wallets due to flexibility and security offered by these solutions, in comparison with software or web wallets.
Additional Highlights
- Wireless Wallets Witnessing Increasing Investments in the Market
- US to Maintain its Lead during the Forecast Period
Key Developments in the Market
- Mar 2018 - Independent researchers exposed a major flaw in the Ledger cryptocurrency wallets, which remain one of the products sold highly in the market. The research exposed a vulnerability, wherein the third party reseller could update the device with a malicious code, compromising the data.
- Mar 2018 - Penta Security launched two new physical cryptocurrency hardware wallets with enhanced security, using crucial secure lifecycle, encryption, and biometric authentication. The wallets will be available either as a card or a device.
Companies Mentioned
- Satoshi Labs S.R.O
- Ledger SAS
- KeepKey LLC
- Opendime Company
- Coolbitx Technology
- Digital BitBox
Key Topics Covered
1. Introduction
2. Research Approach and Methodology
3. Market Insights
4. Market Dynamics
5. Global Hardware Wallet Market - Segmentation
6. Competitive Intelligence - Company Profiles
7. Investment Analysis
8. Outlook of Hardware Wallets Market
For more information about this report visit https://www.researchandmarkets.com/research/hq4tk6/global_hardware?w=4
