The Asia Pacific Blockchain Devices Market would witness market growth of 38.6% CAGR during the forecast period (2022-2028).
Customers that use crypto ATMs have access to simpler trading choices and don't have to deal with long public keys or the setup of an account or online wallet. Also, a shift in the investment paradigm, mostly driven by the aging baby boomer cohort, is suggested by the rapid expansion of cryptocurrencies and the rise in the number of crypto users, fueling the demand for cryptocurrency ATMs.
The instantaneous nature of transactions made by crypto ATMs drives the market's expansion. In the case of a buy order, as soon as cash has been placed into the ATM, a purchase for the full payment amount is made. Also, due to crypto ATMs, users no longer have to wait for days to obtain cash if they want to place a sell order. Customers also benefit from simpler trading alternatives; there is no need to create an account, open an online wallet, or deal with long public keys. A QR code containing the public and private keys are included on the customer receipt; this code can be scanned and instantly recognized by common wallet apps, making it simple to complete a transaction.
Some cutting-edge technologies, such as distributed ledger technology's subset known as the blockchain, are not limited to any one industry or application. Major world powers are beginning to recognize how blockchain can perform better than cryptocurrencies and how it can potentially transform important commercial, healthcare, government, and supply chain processes. As part of its effort to become more competitive internationally, China is a significant player in testing blockchain technology and establishing legislative frameworks, regulations, and government initiatives. As a result, it is projected that the Asia Pacific area will experience an increase in the market for blockchain devices.
The China market dominated the Asia Pacific Blockchain Devices Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $248.7 million by 2028. The Japan market is exhibiting a CAGR of 37.8% during (2022 - 2028). Additionally, The India market would experience a CAGR of 39.5% during (2022 - 2028).
Based on Connectivity, the market is segmented into Wired and Wireless. Based on Component, the market is segmented into Hardware Wallets, Crypto ATMs, Blockchain Smartphones, PoS Devices, Blockchain IoT Gateways, and Others. Based on End User, the market is segmented into Consumer, Travel & Hospitality, Automotive, IT & Telecommunication, BFSI, Retail & E-commerce, Government, and Others. Based on Application, the market is segmented into Corporate and Personal. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Blockchain Devices Market is Projected to reach USD 3.8 Billion by 2028, at a CAGR of 37.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Samsung Electronics Co., Ltd. (Samsung Group), HTC Corporation, Infineon Technologies AG, Pundi X Labs Pte Ltd, Riddle & Code GmbH, Ledger SAS,GENERAL BYTES S.R.O., Satoshi LABS, Bitaccess, Inc., and AVADO AG.
Scope of the Study
Market Segments Covered in the Report:
By Connectivity
By Component
- Hardware Wallets
- Crypto ATMs
- Blockchain Smartphones
- PoS Devices
- Blockchain IoT Gateways
- Others
By End User
- Consumer
- Travel & Hospitality
- Automotive
- IT & Telecommunication
- BFSI
- Retail & E-commerce
- Government
- Others
By Application
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Samsung Electronics Co., Ltd. (Samsung Group)
- HTC Corporation
- Infineon Technologies AG
- Pundi X Labs Pte Ltd
- Riddle & Code GmbH
- Ledger SAS
- GENERAL BYTES S.R.O.
- Satoshi LABS
- Bitaccess, Inc.
- AVADO AG
TABLE 1 Asia Pacific Blockchain Devices Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Blockchain Devices Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Blockchain Devices Market by Connectivity, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Blockchain Devices Market by Connectivity, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Wired Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Wired Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Wireless Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Wireless Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Blockchain Devices Market by Component, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Blockchain Devices Market by Component, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Hardware Wallets Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Hardware Wallets Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Crypto ATMs Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Crypto ATMs Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Blockchain Smartphones Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Blockchain Smartphones Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific PoS Devices Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific PoS Devices Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Blockchain IoT Gateways Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Blockchain IoT Gateways Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Blockchain Devices Market by End User, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Blockchain Devices Market by End User, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Consumer Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Consumer Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Travel & Hospitality Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Travel & Hospitality Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Automotive Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Automotive Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific IT & Telecommunication Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific IT & Telecommunication Market by Country, 2022 - 2028, USD Million
TABLE 33 Asia Pacific BFSI Market by Country, 2018 - 2021, USD Million
TABLE 34 Asia Pacific BFSI Market by Country, 2022 - 2028, USD Million
TABLE 35 Asia Pacific Retail & E-commerce Market by Country, 2018 - 2021, USD Million
TABLE 36 Asia Pacific Retail & E-commerce Market by Country, 2022 - 2028, USD Million
TABLE 37 Asia Pacific Government Market by Country, 2018 - 2021, USD Million
TABLE 38 Asia Pacific Government Market by Country, 2022 - 2028, USD Million
TABLE 39 Asia Pacific Other End User Market by Country, 2018 - 2021, USD Million
TABLE 40 Asia Pacific Other End User Market by Country, 2022 - 2028, USD Million
TABLE 41 Asia Pacific Blockchain Devices Market by Application, 2018 - 2021, USD Million
TABLE 42 Asia Pacific Blockchain Devices Market by Application, 2022 - 2028, USD Million
TABLE 43 Asia Pacific Corporate Market by Country, 2018 - 2021, USD Million
TABLE 44 Asia Pacific Corporate Market by Country, 2022 - 2028, USD Million
TABLE 45 Asia Pacific Personal Market by Country, 2018 - 2021, USD Million
TABLE 46 Asia Pacific Personal Market by Country, 2022 - 2028, USD Million
TABLE 47 Asia Pacific Blockchain Devices Market by Country, 2018 - 2021, USD Million
TABLE 48 Asia Pacific Blockchain Devices Market by Country, 2022 - 2028, USD Million
TABLE 49 China Blockchain Devices Market, 2018 - 2021, USD Million
TABLE 50 China Blockchain Devices Market, 2022 - 2028, USD Million
TABLE 51 China Blockchain Devices Market by Connectivity, 2018 - 2021, USD Million
TABLE 52 China Blockchain Devices Market by Connectivity, 2022 - 2028, USD Million
TABLE 53 China Blockchain Devices Market by Component, 2018 - 2021, USD Million
TABLE 54 China Blockchain Devices Market by Component, 2022 - 2028, USD Million
TABLE 55 China Blockchain Devices Market by End User, 2018 - 2021, USD Million
TABLE 56 China Blockchain Devices Market by End User, 2022 - 2028, USD Million
TABLE 57 China Blockchain Devices Market by Application, 2018 - 2021, USD Million
TABLE 58 China Blockchain Devices Market by Application, 2022 - 2028, USD Million
TABLE 59 Japan Blockchain Devices Market, 2018 - 2021, USD Million
TABLE 60 Japan Blockchain Devices Market, 2022 - 2028, USD Million
TABLE 61 Japan Blockchain Devices Market by Connectivity, 2018 - 2021, USD Million
TABLE 62 Japan Blockchain Devices Market by Connectivity, 2022 - 2028, USD Million
TABLE 63 Japan Blockchain Devices Market by Component, 2018 - 2021, USD Million
TABLE 64 Japan Blockchain Devices Market by Component, 2022 - 2028, USD Million
TABLE 65 Japan Blockchain Devices Market by End User, 2018 - 2021, USD Million
TABLE 66 Japan Blockchain Devices Market by End User, 2022 - 2028, USD Million
TABLE 67 Japan Blockchain Devices Market by Application, 2018 - 2021, USD Million
TABLE 68 Japan Blockchain Devices Market by Application, 2022 - 2028, USD Million
TABLE 69 India Blockchain Devices Market, 2018 - 2021, USD Million
TABLE 70 India Blockchain Devices Market, 2022 - 2028, USD Million
TABLE 71 India Blockchain Devices Market by Connectivity, 2018 - 2021, USD Million
TABLE 72 India Blockchain Devices Market by Connectivity, 2022 - 2028, USD Million
TABLE 73 India Blockchain Devices Market by Component, 2018 - 2021, USD Million
TABLE 74 India Blockchain Devices Market by Component, 2022 - 2028, USD Million
TABLE 75 India Blockchain Devices Market by End User, 2018 - 2021, USD Million
TABLE 76 India Blockchain Devices Market by End User, 2022 - 2028, USD Million
TABLE 77 India Blockchain Devices Market by Application, 2018 - 2021, USD Million
TABLE 78 India Blockchain Devices Market by Application, 2022 - 2028, USD Million
TABLE 79 South Korea Blockchain Devices Market, 2018 - 2021, USD Million
TABLE 80 South Korea Blockchain Devices Market, 2022 - 2028, USD Million
TABLE 81 South Korea Blockchain Devices Market by Connectivity, 2018 - 2021, USD Million
TABLE 82 South Korea Blockchain Devices Market by Connectivity, 2022 - 2028, USD Million
TABLE 83 South Korea Blockchain Devices Market by Component, 2018 - 2021, USD Million
TABLE 84 South Korea Blockchain Devices Market by Component, 2022 - 2028, USD Million
TABLE 85 South Korea Blockchain Devices Market by End User, 2018 - 2021, USD Million
TABLE 86 South Korea Blockchain Devices Market by End User, 2022 - 2028, USD Million
TABLE 87 South Korea Blockchain Devices Market by Application, 2018 - 2021, USD Million
TABLE 88 South Korea Blockchain Devices Market by Application, 2022 - 2028, USD Million
TABLE 89 Singapore Blockchain Devices Market, 2018 - 2021, USD Million
TABLE 90 Singapore Blockchain Devices Market, 2022 - 2028, USD Million
TABLE 91 Singapore Blockchain Devices Market by Connectivity, 2018 - 2021, USD Million
TABLE 92 Singapore Blockchain Devices Market by Connectivity, 2022 - 2028, USD Million
TABLE 93 Singapore Blockchain Devices Market by Component, 2018 - 2021, USD Million
TABLE 94 Singapore Blockchain Devices Market by Component, 2022 - 2028, USD Million
TABLE 95 Singapore Blockchain Devices Market by End User, 2018 - 2021, USD Million
TABLE 96 Singapore Blockchain Devices Market by End User, 2022 - 2028, USD Million
TABLE 97 Singapore Blockchain Devices Market by Application, 2018 - 2021, USD Million
TABLE 98 Singapore Blockchain Devices Market by Application, 2022 - 2028, USD Million
TABLE 99 Malaysia Blockchain Devices Market, 2018 - 2021, USD Million
TABLE 100 Malaysia Blockchain Devices Market, 2022 - 2028, USD Million
TABLE 101 Malaysia Blockchain Devices Market by Connectivity, 2018 - 2021, USD Million
TABLE 102 Malaysia Blockchain Devices Market by Connectivity, 2022 - 2028, USD Million
TABLE 103 Malaysia Blockchain Devices Market by Component, 2018 - 2021, USD Million
TABLE 104 Malaysia Blockchain Devices Market by Component, 2022 - 2028, USD Million
TABLE 105 Malaysia Blockchain Devices Market by End User, 2018 - 2021, USD Million
TABLE 106 Malaysia Blockchain Devices Market by End User, 2022 - 2028, USD Million
TABLE 107 Malaysia Blockchain Devices Market by Application, 2018 - 2021, USD Million
TABLE 108 Malaysia Blockchain Devices Market by Application, 2022 - 2028, USD Million
TABLE 109 Rest of Asia Pacific Blockchain Devices Market, 2018 - 2021, USD Million
TABLE 110 Rest of Asia Pacific Blockchain Devices Market, 2022 - 2028, USD Million
TABLE 111 Rest of Asia Pacific Blockchain Devices Market by Connectivity, 2018 - 2021, USD Million
TABLE 112 Rest of Asia Pacific Blockchain Devices Market by Connectivity, 2022 - 2028, USD Million
TABLE 113 Rest of Asia Pacific Blockchain Devices Market by Component, 2018 - 2021, USD Million
TABLE 114 Rest of Asia Pacific Blockchain Devices Market by Component, 2022 - 2028, USD Million
TABLE 115 Rest of Asia Pacific Blockchain Devices Market by End User, 2018 - 2021, USD Million
TABLE 116 Rest of Asia Pacific Blockchain Devices Market by End User, 2022 - 2028, USD Million
TABLE 117 Rest of Asia Pacific Blockchain Devices Market by Application, 2018 - 2021, USD Million
TABLE 118 Rest of Asia Pacific Blockchain Devices Market by Application, 2022 - 2028, USD Million
TABLE 119 Key Information – Samsung Electronics Co., Ltd.
TABLE 120 Key Information – HTC Corporation
TABLE 121 Key Information – Infineon Technologies AG
TABLE 122 Key Information – Pundi X Labs Pte Ltd
TABLE 123 Key Information – Riddle & Code GmbH
TABLE 124 Key Information – Ledger SAS
TABLE 125 Key Information – GENERAL BYTES S.R.O.
TABLE 126 Key Information – Satoshi LABS
TABLE 127 Key Information – Bitaccess, Inc.
TABLE 128 Key Information – AVADO AG
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: Samsung Electronics CO. Ltd.