The Europe Blockchain Devices Market would witness market growth of 37.8% CAGR during the forecast period (2022-2028).
The major market participants are also placing more and more emphasis on creating and releasing sophisticated blockchain devices with improved capabilities that provide superior features in the market. As a result, the market for blockchain devices is anticipated to increase rapidly over the next few years due to the quick uptake of these recently released cutting-edge blockchain devices.
Also, market participants strongly emphasize bringing wireless communication technology-based products, including wireless hardware wallets, to the market to provide users with greater convenience.
Since blockchain helps lower security concerns, eliminate fraud, and deliver transparency in a scalable method, it is an exceptionally groundbreaking and promising technology. Blockchain technology gained notoriety through its connection to cryptocurrencies and NFTs; it has subsequently developed into an industry-wide management solution. The usage of blockchain extends beyond financial transactions. Technology is adaptable to needs beyond one area of expertise since it is secure and transparent. The advantages of blockchain are being used daily by sectors including energy, logistics, education, and more.
Europe has seen a boom in the use of cryptocurrencies in recent years, with Switzerland, Germany, and the Netherlands setting the bar. The early acceptance of cryptocurrencies has been facilitated by the high degree of technological development in these nations. In these nations, many shops and companies are also accepting cryptocurrency payments. The region may even see higher adoption of these technologies throughout the region as more individuals and companies become aware of the advantages of cryptocurrencies and as regulatory clarity increases. Considering this, the market participants in the blockchain device market are anticipated to see growth possibilities in Europe.
The Germany market dominated the Europe Blockchain Devices Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $250.5 million by 2028. The UK market is registering a CAGR of 36.7% during (2022 - 2028). Additionally, The France market would showcase a CAGR of 38.9% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Blockchain Devices Market will Hit $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.
By Connectivity
By Component
By End User
By Application
By Country
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