SodaPDF-converted-Hardware Wallets Market

1. Hardware Wallets Market: Introduction A Hardware wallet is an electronic device that is built for the sole purpose of securing cryptocurrency. It stores the user’s private key in a secure hardware device. A hardware wallet must be connected with a computer, laptop or mobile phone to transfer cryptocurrency. Hardware Wallets Market: Dynamics Increase in Usage of Cryptocurrency to Drive Hardware Wallets Market oIncrease in usage of cryptocurrency for fast and secure transaction, majorly for global trading, is a key driving factor for the hardware wallets market. Cryptocurrencies use a peer-to-peer decentralized structure to conduct transactions with the help of blockchain technology. There is no centralized authority such as banks or servers to oversee or authorize the transactions. The blockchain platform enables nodes on the network to automatically record and track transactions within a distributed ledger. Every node on the network is controlled by a miner that confirms the transactions. In addition, rise in investment in cryptocurrency accelerated the hardware wallets market globally. For instance, in 2016, Circle Internet Financial Limited, a U.S.-based company invested US$ 60 Mn in cryptocurrency. Similarly, Ripple Labs, a U.S.-based company invested US$ 55 Mn in cryptocurrency in 2016. oLack of general understanding and awareness regarding cryptocurrencies is one of the major reasons which directly affects the hardware wallets market. A large number of users do not see these digital currencies as a long-term investment but a gamble to gain short term earnings. Get Sample Copy@: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=72873 Asia Pacific Market to Expand at Rapid Pace Based on region, the hardware wallets market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa Asia Pacific hardware wallets market is expected to expand at a high CAGR during the forecast period. India, China, Japan, and Australia are key countries that drive the hardware wallets market in this region. In December 2017, Huobi, one of the major cryptocurrency exchange platforms in China, partnered with Tokyo-based financial services provider, SBI holdings Inc. SBI would be setting up two new cryptocurrency exchanges in Japan with the combined resources for which SBI has completed registration with concerned authorities as a cryptocurrency exchange service provider. Hence, acceptance of cryptocurrency in countries in Asia drives the demand for hardware wallets. North America held a dominant position in the global hardware wallets market in 2018 and is expected to retain its dominance during the forecast period. The U.S. and Canada drive the market in this region. Increase in investment in cryptocurrency by U.S.-based companies boosted the hardware wallets market, globally. For instance, in 2017, Coinbase, a U.S.-based company invested US$ 100 Mn in cryptocurrency. Similarly, Digital Asset Holdings, a U.S.- based company invested US$ 40 Mn in cryptocurrency in 2017.

2. Europe holds a significant position in the global hardware wallets market. Russia, Germany, and the U.K. drive the market in the region. Online Distribution Channel Expected to Expand at High CAGR Based on distribution channel, the hardware wallets market is segmented into online and offline. The online/e-commerce distribution channel segment of the market is expected to expand at a high CAGR during the forecast period, owing to increase in adoption of e- commerce platform by end-users. Key players operating in the global hardware wallets market: Some of the key players of the global hardware wallets market are as follows: Ledger SAS Satoshi Labs SRO KeepKey, LLC Coinkite Inc. Coolbitx Ltd SHIFT Cryptosecurity BitLox ELLIPAL Limited Sugi (zSofitto NV) To understand how our report can bring difference to your business strategy, Ask for a brochure Global Hardware Wallets Market: Research Scope Global Hardware Wallets Market, by Connection Type Near Field Communication (NFC) USB Bluetooth Multi-mode Global Hardware Wallets Market, by Distribution Channel Online Offline Stuck in a neck-to-neck competition with other brands? Request a custom report on “Hardware Wallets Market” Global Hardware Wallets Market, by Region North America oThe U.S.

3. oCanada oRest of North America Europe oGermany oFrance oThe U.K. oItaly oSpain oRussia oRest of Europe Asia Pacific oChina oJapan oIndia oAustralia oRest of Asia Pacific South America oBrazil oRest of South America Middle East & Africa oGCC oSouth Africa oRest of Middle East & Africa Read Our Latest Press Release: https://www.prnewswire.com/news-releases/significant-benefits-of-real-time-insights-into- organizational-resource-strength-to-optimize-day-to-day-operations-maximize-production- capacity-underscores-growth-in-management-decision-solutions-market---tmr-301292582.html About Us Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

4. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad-hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories. Contact Transparency Market Research State Tower, 90 State Street, Suite 700, Albany NY – 12207 United States USA – Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: https://www.transparencymarketresearch.com