In the global hardware wallet market, North America had the largest contributor with 36.71% of market shares in 2020. United States (US) was the largest contributing country in the region with a market shares of 53.6% for the forecast period, followed by Canada and Mexico. The growth in the stock market segment is in turn expected to enhance the market growth over the estimated period due to the increasing trend of the cashless and digital economy. Based on end-user, the market can be bifurcated into Capital Market, BFSI (Excluding Capital Market), Real Estate, Mobile, Enterprise, etc. The capital market sector segment accounts for the largest market share of 49.14% in 2020 due to the proliferation in the market investments with the generation of significant revenue in the market. This increase in the online distribution channel segment is insubstantial due to the rise in online frauds and hacking with technological advancements. The Online segment had 52.17% of the market shares in 2020 owing to its ease of delivery over a long distance while saving time. The demand for the ease of cryptocurrency storage and transfer drives the Near Field Communication segment of the global hardware wallet market in forecast years.īased on the distribution channel, the market is branched into Online and Offline. The Near Field Communication segment had a market share of 46.7% in 2020 due to the accessibility and versability during any crypto shift processes with the growing economies. In terms of connection type, the market can be divided into Near Field Communication, USB and Bluetooth. ![]() ![]() ![]() The global hardware wallet market can be segmented based on connection type, distribution channel, end-user and region. According to TechSci Research report, “Global Hardware Wallet Market By Connection Type (Near Field Communication, USB and Bluetooth), By Distribution Channel (Online and Offline), By End-User (Capital Market, BFSI (Excluding Capital Market), Real Estate and Others), By Region, Competition, Forecast & Opportunities, 2016-2026”, the global hardware wallet market is projected to cross USD359.84 million by 2026 at a CAGR of 10.12%, on account of the increasing need for the security and transparency along with the rising demand of usage of cryptocurrencies in emerging countries across the world. Moreover, the increasing digitization with the rise in digital payments will positively influence the global hardware wallet market in the upcoming years.
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