Hardware Wallet Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Connection Type (Near Field Communication (NFC), USB, Bluetooth); End User (Individual, Enterprise) and Geography

Report Code: TIPRE00008825 | No. of Pages: 150 | Category: Technology, Media and Telecommunications | Status: Upcoming

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MARKET OVERVIEW

The devices that store private keys for cryptocurrencies offline in an encrypted device is known as hardware wallet. With the increasing users of cryptocurrency, hardware wallet market is also estimated to grow as people move to secure their cryptocurrency holding. With the increasing investments in this market, the key players are focusing on innovation with devices supporting wireless technologies and multiple currencies.

MARKET SCOPE

The "Global Hardware Wallet Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the hardware wallet market with detailed market segmentation by connection type, end user, and geography. The report provides key statistics on the market status of the leading hardware wallet market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  •   Based on connection type, the global hardware wallet market is segmented into near field communication (NFC), USB, and bluetooth.
  •   On the basis of end user, the market is segmented into individual and enterprise.

MARKET DYNAMICS
Drivers:

  •   The increasing usage of cryptocurrency for secure and fast transaction for global trading, is the significant factor driving the growth of the hardware wallet market.
  •   Rise in investment in cryptocurrency is anticipated to boost the growth of the hardware wallet market globally.

Restraints:

  •   Lack of awareness and general understanding regarding cryptocurrencies is the factor which may restrain the growth of the hardware wallet market.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The hardware wallet market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the hardware wallet market in these regions.

IMPACT OF COVID-19 ON HARDWARE WALLET MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.



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MARKET PLAYERS


The report covers key developments in the hardware wallet market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from hardware wallet market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the hardware wallet market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •   ARCHOS
  •   Coinkite Inc.
  •   CoolBitX
  •   ELLIPAL
  •   Keystone
  •   Ledger SAS
  •   SafePal
  •   SatoshiLabs
  •   ShapeShift (KeepKey)
  •   Shift Crypto AG

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.


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TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Hardware Wallet Market - By Connection Type
1.3.2 Hardware Wallet Market - By End User
1.3.3 Hardware Wallet Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. HARDWARE WALLET MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. HARDWARE WALLET MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. HARDWARE WALLET MARKET - GLOBAL MARKET ANALYSIS
6.1. HARDWARE WALLET - GLOBAL MARKET OVERVIEW
6.2. HARDWARE WALLET - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. HARDWARE WALLET MARKET - REVENUE AND FORECASTS TO 2028 - CONNECTION TYPE
7.1. OVERVIEW
7.2. CONNECTION TYPE MARKET FORECASTS AND ANALYSIS
7.3. NEAR FIELD COMMUNICATION (NFC)
7.3.1. Overview
7.3.2. Near Field Communication (NFC) Market Forecast and Analysis
7.4. USB
7.4.1. Overview
7.4.2. USB Market Forecast and Analysis
7.5. BLUETOOTH
7.5.1. Overview
7.5.2. Bluetooth Market Forecast and Analysis
8. HARDWARE WALLET MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. INDIVIDUAL
8.3.1. Overview
8.3.2. Individual Market Forecast and Analysis
8.4. ENTERPRISE
8.4.1. Overview
8.4.2. Enterprise Market Forecast and Analysis

9. HARDWARE WALLET MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Hardware Wallet Market Overview
9.1.2 North America Hardware Wallet Market Forecasts and Analysis
9.1.3 North America Hardware Wallet Market Forecasts and Analysis - By Connection Type
9.1.4 North America Hardware Wallet Market Forecasts and Analysis - By End User
9.1.5 North America Hardware Wallet Market Forecasts and Analysis - By Countries
9.1.5.1 United States Hardware Wallet Market
9.1.5.1.1 United States Hardware Wallet Market by Connection Type
9.1.5.1.2 United States Hardware Wallet Market by End User
9.1.5.2 Canada Hardware Wallet Market
9.1.5.2.1 Canada Hardware Wallet Market by Connection Type
9.1.5.2.2 Canada Hardware Wallet Market by End User
9.1.5.3 Mexico Hardware Wallet Market
9.1.5.3.1 Mexico Hardware Wallet Market by Connection Type
9.1.5.3.2 Mexico Hardware Wallet Market by End User
9.2. EUROPE
9.2.1 Europe Hardware Wallet Market Overview
9.2.2 Europe Hardware Wallet Market Forecasts and Analysis
9.2.3 Europe Hardware Wallet Market Forecasts and Analysis - By Connection Type
9.2.4 Europe Hardware Wallet Market Forecasts and Analysis - By End User
9.2.5 Europe Hardware Wallet Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Hardware Wallet Market
9.2.5.1.1 Germany Hardware Wallet Market by Connection Type
9.2.5.1.2 Germany Hardware Wallet Market by End User
9.2.5.2 France Hardware Wallet Market
9.2.5.2.1 France Hardware Wallet Market by Connection Type
9.2.5.2.2 France Hardware Wallet Market by End User
9.2.5.3 Italy Hardware Wallet Market
9.2.5.3.1 Italy Hardware Wallet Market by Connection Type
9.2.5.3.2 Italy Hardware Wallet Market by End User
9.2.5.4 United Kingdom Hardware Wallet Market
9.2.5.4.1 United Kingdom Hardware Wallet Market by Connection Type
9.2.5.4.2 United Kingdom Hardware Wallet Market by End User
9.2.5.5 Russia Hardware Wallet Market
9.2.5.5.1 Russia Hardware Wallet Market by Connection Type
9.2.5.5.2 Russia Hardware Wallet Market by End User
9.2.5.6 Rest of Europe Hardware Wallet Market
9.2.5.6.1 Rest of Europe Hardware Wallet Market by Connection Type
9.2.5.6.2 Rest of Europe Hardware Wallet Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Hardware Wallet Market Overview
9.3.2 Asia-Pacific Hardware Wallet Market Forecasts and Analysis
9.3.3 Asia-Pacific Hardware Wallet Market Forecasts and Analysis - By Connection Type
9.3.4 Asia-Pacific Hardware Wallet Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Hardware Wallet Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Hardware Wallet Market
9.3.5.1.1 Australia Hardware Wallet Market by Connection Type
9.3.5.1.2 Australia Hardware Wallet Market by End User
9.3.5.2 China Hardware Wallet Market
9.3.5.2.1 China Hardware Wallet Market by Connection Type
9.3.5.2.2 China Hardware Wallet Market by End User
9.3.5.3 India Hardware Wallet Market
9.3.5.3.1 India Hardware Wallet Market by Connection Type
9.3.5.3.2 India Hardware Wallet Market by End User
9.3.5.4 Japan Hardware Wallet Market
9.3.5.4.1 Japan Hardware Wallet Market by Connection Type
9.3.5.4.2 Japan Hardware Wallet Market by End User
9.3.5.5 South Korea Hardware Wallet Market
9.3.5.5.1 South Korea Hardware Wallet Market by Connection Type
9.3.5.5.2 South Korea Hardware Wallet Market by End User
9.3.5.6 Rest of Asia-Pacific Hardware Wallet Market
9.3.5.6.1 Rest of Asia-Pacific Hardware Wallet Market by Connection Type
9.3.5.6.2 Rest of Asia-Pacific Hardware Wallet Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Hardware Wallet Market Overview
9.4.2 Middle East and Africa Hardware Wallet Market Forecasts and Analysis
9.4.3 Middle East and Africa Hardware Wallet Market Forecasts and Analysis - By Connection Type
9.4.4 Middle East and Africa Hardware Wallet Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Hardware Wallet Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Hardware Wallet Market
9.4.5.1.1 South Africa Hardware Wallet Market by Connection Type
9.4.5.1.2 South Africa Hardware Wallet Market by End User
9.4.5.2 Saudi Arabia Hardware Wallet Market
9.4.5.2.1 Saudi Arabia Hardware Wallet Market by Connection Type
9.4.5.2.2 Saudi Arabia Hardware Wallet Market by End User
9.4.5.3 U.A.E Hardware Wallet Market
9.4.5.3.1 U.A.E Hardware Wallet Market by Connection Type
9.4.5.3.2 U.A.E Hardware Wallet Market by End User
9.4.5.4 Rest of Middle East and Africa Hardware Wallet Market
9.4.5.4.1 Rest of Middle East and Africa Hardware Wallet Market by Connection Type
9.4.5.4.2 Rest of Middle East and Africa Hardware Wallet Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Hardware Wallet Market Overview
9.5.2 South and Central America Hardware Wallet Market Forecasts and Analysis
9.5.3 South and Central America Hardware Wallet Market Forecasts and Analysis - By Connection Type
9.5.4 South and Central America Hardware Wallet Market Forecasts and Analysis - By End User
9.5.5 South and Central America Hardware Wallet Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Hardware Wallet Market
9.5.5.1.1 Brazil Hardware Wallet Market by Connection Type
9.5.5.1.2 Brazil Hardware Wallet Market by End User
9.5.5.2 Argentina Hardware Wallet Market
9.5.5.2.1 Argentina Hardware Wallet Market by Connection Type
9.5.5.2.2 Argentina Hardware Wallet Market by End User
9.5.5.3 Rest of South and Central America Hardware Wallet Market
9.5.5.3.1 Rest of South and Central America Hardware Wallet Market by Connection Type
9.5.5.3.2 Rest of South and Central America Hardware Wallet Market by End User

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. HARDWARE WALLET MARKET, KEY COMPANY PROFILES
11.1. ARCHOS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. COINKITE INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. COOLBITX
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ELLIPAL
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. KEYSTONE
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. LEDGER SAS
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SAFEPAL
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SATOSHILABS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SHAPESHIFT (KEEPKEY)
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SHIFT CRYPTO AG
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies

1. ARCHOS
2. Coinkite Inc.
3. CoolBitX
4. ELLIPAL
5. Keystone
6. Ledger SAS
7. SafePal
8. SatoshiLabs
9. ShapeShift (KeepKey)
10. Shift Crypto AG
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