Global Cryptocurrency Hardware Wallet Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Cryptocurrency Hardware Wallet Market By Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Cryptocurrency Hardware Wallet Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia Pacific dominates the Cryptocurrency Hardware Wallet Market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
Cryptocurrency is one of the trending topics, and is currency of the future. It is extensively increasing with new technologies and advanced security. The terms Bitcoin, Hardware wallet, Ripple, Ethereum are all related with the cryptocurrency. A cryptocurrency hardware wallet is a physical device and is used to store private keys in a protected area inside the device. These wallets allow the traders to store the keys safely and also protect the information from malware. Ledger Nano S is one of the most popular cryptocurrency hardware wallet, which stores the private keys in a secure manner and transactions are successfully done inside the device. Ledger Nano S supports Litecoin, Bitcoin, Ethereum, Zcash, Ripple, Dash and many other altcoins.
The market is growing rapidly as it is one of the trending topic. The major growing elements for the growth of this market are rising adoption of cryptocurrency hardware wallet by number of industries and the information stored in wallet are more secure. One of the important benefits is that the hardware wallets can hold multiple cryptocurrencies. The hardware used is unaffected by the viruses, and private keys are no more exposed to the computer and they are stored offline. One more driving factor for the growth of the market is long term storage is possible, and is advantage for the hardware wallet.
Key Question Answered: • What will be the market size in 2025 and at what rate it will grow? • Who are the major key players in global Cryptocurrency Hardware Wallet market and what are their strategies? • Which vertical industry is expected to show major growth? • What segment and region will lead the market and why?
The major companies profiled in the report include: Ledger, Giza, Hyundai Pay, Hoofoo Inc., Wisekey, SPI Energy and others.
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