Table of Content

"1    INTRODUCTION    30
1.1    STUDY OBJECTIVES    30
1.2    DEFINITION AND SCOPE    30
1.2.1    INCLUSIONS AND EXCLUSIONS    31
1.3    STUDY SCOPE    31
1.3.1    MARKETS COVERED    31
1.3.2    YEARS CONSIDERED    32
1.4    CURRENCY    32
1.5    LIMITATIONS    32
1.6    STAKEHOLDERS    32
1.7    SUMMARY OF CHANGES    33
2    RESEARCH METHODOLOGY    34
2.1    RESEARCH DATA    34
FIGURE 1    RESEARCH DESIGN    34
2.1.1    SECONDARY DATA    35
2.1.1.1    Major secondary sources    35
2.1.1.2    Key data from secondary sources    36
2.1.2    PRIMARY DATA    36
2.1.2.1    Key data from primary sources    37
2.1.2.2    Breakdown of primaries    37
2.1.3    SECONDARY AND PRIMARY RESEARCH    38
2.1.3.1    Key industry insights    39
2.2    MARKET SIZE ESTIMATION    40
FIGURE 2    PROCESS FLOW OF MARKET SIZE ESTIMATION    40
2.2.1    BOTTOM-UP APPROACH    41
FIGURE 3    BOTTOM-UP APPROACH    41
2.2.2    TOP-DOWN APPROACH    42
FIGURE 4    MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—REVENUE GENERATED BY MARKET PLAYERS FROM SALES OF BLOCKCHAIN DEVICES    42
FIGURE 5    TOP-DOWN APPROACH    43
2.3    MARKET BREAKDOWN AND DATA TRIANGULATION    44
FIGURE 6    DATA TRIANGULATION    44
2.4    RESEARCH ASSUMPTIONS    45
2.5    LIMITATIONS    45
2.6    RISK ASSESSMENT    46

3    EXECUTIVE SUMMARY    47
FIGURE 7    HARDWARE WALLETS TO HOLD LARGEST SHARE OF BLOCKCHAIN DEVICES MARKET DURING FORECAST PERIOD    48
FIGURE 8    WIRED SEGMENT OF BLOCKCHAIN DEVICES MARKET IS PROJECTED TO GROW AT HIGHER RATE THAN WIRELESS SEGMENT DURING FORECAST PERIOD    49
FIGURE 9    CORPORATE APPLICATION TO HOLD LARGER SHARE OF BLOCKCHAIN DEVICES MARKET DURING FORECAST PERIOD    49
FIGURE 10    BLOCKCHAIN DEVICES MARKET FOR TRAVEL & HOSPITALITY TO GROW AT HIGHEST RATE DURING FORECAST PERIOD    50
FIGURE 11    NORTH AMERICA WAS LARGEST MARKET FOR BLOCKCHAIN DEVICES IN 2020    51
3.1    COVID-19 IMPACT ON BLOCKCHAIN DEVICES MARKET    52
FIGURE 12    GLOBAL PROPAGATION OF COVID-19    52
TABLE 1    RECOVERY SCENARIOS FOR GLOBAL ECONOMY    52
FIGURE 13    BLOCKCHAIN DEVICES MARKET SIZE IN PRE-COVID-19 AND
POST-COVID-19 SCENARIOS    53
3.1.1    PRE-COVID-19 SCENARIO    54
3.1.2    POST-COVID-19 SCENARIO    54
4    PREMIUM INSIGHTS    55
4.1    ATTRACTIVE OPPORTUNITIES IN BLOCKCHAIN DEVICES MARKET    55
FIGURE 14    INCREASING SIGNIFICANCE OF BLOCKCHAIN TECHNOLOGY IN FINANCIAL INSTITUTIONS HAS FUELED MARKET GROWTH    55
4.2    BLOCKCHAIN DEVICES MARKET FOR CRYPTO ATMS    55
FIGURE 15    ONE-WAY CRYPTO ATMS ESTIMATED TO HOLD A LARGER SHARE OF CRYPTO ATM FOR BLOCKCHAIN DEVICES MARKET IN 2021    55
4.3    BLOCKCHAIN DEVICES MARKET IN NORTH AMERICA, BY APPLICATION AND COUNTRY    56
FIGURE 16    CORPORATE APPLICATION AND US ARE ESTIMATED TO ACCOUNT FOR LARGEST SHARE OF NORTH AMERICAN BLOCKCHAIN DEVICES MARKET IN 2021    56
4.4    BLOCKCHAIN DEVICES MARKET, BY END USER    56
FIGURE 17    TRAVEL & HOSPITALITY END USER SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD    56
4.5    BLOCKCHAIN DEVICES MARKET, BY KEY COUNTRIES    57
FIGURE 18    BLOCKCHAIN DEVICES MARKET IN US HOLD LARGEST SHARE DURING FORECAST PERIOD    57
5    MARKET OVERVIEW    58
5.1    INTRODUCTION    58
5.2    MARKET DYNAMICS    59
FIGURE 19    BLOCKCHAIN DEVICES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES    59

5.2.1    DRIVERS    60
FIGURE 20    IMPACT OF DRIVERS ON BLOCKCHAIN DEVICES MARKET    60
5.2.1.1    Decentralized structure and various other attributes associated with blockchain technology    60
5.2.1.2    Rapid penetration of blockchain technology in retail & supply chain management applications    61
FIGURE 21    PATENTS FOR BLOCKCHAIN TECHNOLOGY IN RETAIL & SUPPLY CHAIN MANAGEMENT, 2015–2020    62
5.2.1.3    Growing visibility of benefits of blockchain technology in financial sector    63
5.2.1.4    Growth in cryptocurrency market capitalization and initial coin offering (ICO)    64
FIGURE 22    TOTAL CRYPTOCURRENCY MARKET CAPITALIZATION DURING
JANUARY 01, 2017–SEPTEMBER 16, 2021    64
FIGURE 23    TOTAL UNITS OF CRYPTO ATMS INSTALLED FROM
JANUARY 2014 TO SEPTEMBER 2021    65
5.2.2    RESTRAINTS    66
FIGURE 24    IMPACT OF RESTRAINTS ON BLOCKCHAIN DEVICES MARKET    66
5.2.2.1    Regulatory uncertainty associated with blockchain implementation    66
5.2.2.2    Lack of awareness, comprehension, and user experience about blockchain technology    67
5.2.3    OPPORTUNITIES    67
FIGURE 25    IMPACT OF OPPORTUNITIES ON BLOCKCHAIN DEVICES MARKET    67
5.2.3.1    Increasing acceptance of cryptocurrencies as mode of payment across various industries    68
5.2.3.2    Anticipated adoption of blockchain technology in automotive industry for maintaining records and securing payments    69
5.2.3.3    Integration of blockchain technology with Internet of Things (IoT), artificial intelligence (AI), and cloud    70
FIGURE 26    PATENTS FOR IOT BLOCKCHAIN DEVICES, 2015–2020    70
5.2.4    CHALLENGES    71
FIGURE 27    IMPACT OF CHALLENGES ON BLOCKCHAIN DEVICES MARKET    71
5.2.4.1    Security-, privacy-, and control-related challenges associated with blockchain technology    72
5.3    VALUE CHAIN ANALYSIS    73
FIGURE 28    VALUE CHAIN ANALYSIS OF BLOCKCHAIN DEVICES ECOSYSTEM: MANUFACTURING AND SOFTWARE INTEGRATION PHASES CONTRIBUTE MOST VALUE    73
5.3.1    PLANNING AND REVISING FUND    73
5.3.2    RESEARCH & DEVELOPMENT    74
5.3.3    MANUFACTURING & SOFTWARE INTEGRATION    74
5.3.4    ASSEMBLY, DISTRIBUTION, AND AFTER-SALES SERVICES    74
5.4    ECOSYSTEM    75
FIGURE 29    BLOCKCHAIN DEVICES ECOSYSTEM    75
TABLE 2    LIST OF COMPANIES AND THEIR ROLE IN BLOCKCHAIN DEVICES ECOSYSTEM    76

5.5    TRENDS IMPACTING CUSTOMERS’ BUSINESS    77
FIGURE 30    REVENUE SHIFT IN BLOCKCHAIN DEVICES MARKET    78
5.6    CASE STUDIES    78
5.6.1    MOBILITY OPEN BLOCKCHAIN INITIATIVE (US) IS WORKING TO CO-DESIGN BLOCKCHAIN AND DISTRIBUTED LEDGER TECHNOLOGY STANDARDS TO IMPROVE SUPPLY CHAIN EFFICIENCY IN AUTOMOTIVE INDUSTRY    78
5.6.2    SARNA PLASTEC (SWITZERLAND) ACCELERATED ITS DEVELOPMENT PROCESS WITH MODUM'S (SWITZERLAND) BLOCKCHAIN-POWERED DATA INTEGRITY SOLUTION    79
5.6.3    COINJAR (AUSTRALIA) WAS ABLE TO SCALE UP BUSINESS BY EMPLOYING COMBINATION OF BITGO (US) CUSTODY AND SETTLEMENT, ALONG WITH HOT, WARM, AND COLD WALLETS    80
5.6.4    FORTMATIC (US) CHOSE ALCHEMY (US) AS ITS BLOCKCHAIN FUNCTIONAL INFRASTRUCTURE PROVIDER TO ENSURE RELIABILITY AND HIGH-SPEED TRANSACTION    80
5.6.5    WALMART (US) ACHIEVED UNPRECEDENTED TRANSPARENCY IN FOOD SUPPLY CHAIN WITH HYPERLEDGER FABRIC MODULAR BLOCKCHAIN FRAMEWORK    81
5.7    PORTER’S FIVE FORCES ANALYSIS    82
FIGURE 31    PORTER’S FIVE FORCES ANALYSIS    82
TABLE 3    BLOCKCHAIN DEVICES MARKET: PORTER’S FIVE FORCES ANALYSIS    82
5.7.1    THREAT OF NEW ENTRANTS    83
5.7.2    THREAT OF SUBSTITUTES    84
5.7.3    BARGAINING POWER OF BUYERS    84
5.7.4    BARGAINING POWER OF SUPPLIERS    85
5.7.5    DEGREE OF COMPETITION    85
5.8    TECHNOLOGY ANALYSIS    86
5.8.1    KEY TECHNOLOGY    86
5.8.1.1    Single hardware wallet supporting multiple blockchains    86
5.8.1.2    Rise of blockchain smartphones owing to their benefits and features    86
5.8.2    COMPLEMENTARY TECHNOLOGY    87
5.8.2.1    Emergence of cloud services—blockchain-as-a-service (BaaS) platforms    87
5.8.3    ADJACENT TECHNOLOGY    88
5.8.3.1    Blockchain IoT hardware for enterprises of all size    88
5.9    TRADE ANALYSIS    88
5.9.1    IMPORT SCENARIO    89
5.9.1.1    Import scenario for blockchain devices market    89
TABLE 4    IMPORT DATA FOR UNITS OF AUTOMATIC DATA-PROCESSING MACHINES (INCLUDING BLOCKCHAIN DEVICES), BY KEY COUNTRY,
2012–2020 (USD BILLION)    89
FIGURE 32    IMPORT DATA FOR UNITS OF AUTOMATIC DATA-PROCESSING MACHINES (INCLUDING BLOCKCHAIN DEVICES) FOR TOP FIVE COUNTRIES,
2016–2020 (USD BILLION)    90

5.9.2    EXPORT SCENARIO    90
5.9.2.1    Export scenario for blockchain devices market    90
TABLE 5    EXPORT DATA FOR UNITS OF AUTOMATIC DATA-PROCESSING MACHINES (INCLUDING BLOCKCHAIN DEVICES), BY KEY COUNTRY,
2012–2020 (USD BILLION)    91
FIGURE 33    EXPORT DATA FOR UNITS OF AUTOMATIC DATA-PROCESSING MACHINES (INCLUDING BLOCKCHAIN DEVICES) FOR TOP FIVE COUNTRIES,
2016–2020 (USD BILLION)    91
5.10    PATENT ANALYSIS    92
TABLE 6    PATENTS FILED FOR VARIOUS TYPES OF BLOCKCHAIN DEVICES, 2020    92
FIGURE 34    BLOCKCHAIN DEVICES PATENTS PUBLISHED FROM 2014 TO 2020    96
FIGURE 35    TOP 10 COMPANIES WITH LARGEST NO. OF PATENT APPLICATIONS,
2014–2020    96
5.11    TARIFFS AND REGULATIONS    97
5.11.1    TARIFFS    97
TABLE 7    MFN TARIFFS LEVIED BY US ON A FEW KEY COUNTRIES FOR EXPORTS OF PRODUCTS CONSIDERED UNDER HS CODE 847180    97
TABLE 8    MFN TARIFFS LEVIED BY CHINA ON A FEW KEY COUNTRIES FOR EXPORTS OF PRODUCTS CONSIDERED UNDER HS CODE 847180    98
5.11.1.1    Positive impact of tariffs on blockchain devices ecosystem    98
5.11.1.2    Negative impact of tariffs on the blockchain devices ecosystem    98
5.11.2    REGULATIONS AND STANDARDS    98
FIGURE 36    VARIOUS STANDARDS FOR BLOCKCHAIN DEVICES    99
5.11.2.1    Service Organization Control (SOC)    99
5.11.2.2    CryptoCurrency Security Standard (CCSS)    100
5.11.2.3    Restriction of Hazardous Substances (RoHS)    100
5.11.2.4    Regional regulatory landscape    100
5.11.2.4.1    North America: regulatory landscape    100
TABLE 9    REGULATIONS AND ASSOCIATIONS FOR BLOCKCHAIN TECHNOLOGY & DEVICES IN NORTH AMERICA    101
5.11.2.4.2    Europe: Regulatory landscape    102
TABLE 10    REGULATIONS AND ASSOCIATIONS FOR BLOCKCHAIN
TECHNOLOGY & DEVICES IN EUROPE    102
5.11.2.4.3    Asia Pacific: Regulatory landscape    103
TABLE 11    REGULATIONS AND ASSOCIATIONS FOR BLOCKCHAIN
TECHNOLOGY & DEVICES IN APAC    103
5.11.2.4.4    RoW: Regulatory landscape    104
TABLE 12    REGULATIONS AND ASSOCIATIONS FOR BLOCKCHAIN
TECHNOLOGY & DEVICES IN ROW    104
5.12    AVERAGE SELLING PRICE TRENDS    104
TABLE 13    AVERAGE SELLING PRICES OF BLOCKCHAIN DEVICES    105
5.13    TYPES OF BLOCKCHAIN    106
5.13.1    PUBLIC BLOCKCHAIN    106
5.13.2    PRIVATE BLOCKCHAIN    106
5.13.3    HYBRID BLOCKCHAIN    106
5.14    BLOCKCHAIN ASSOCIATIONS AND CONSORTIUMS    107
5.14.1    ENTERPRISE ETHEREUM ALLIANCE    107
5.14.2    CONTINUOUS LINKED SETTLEMENT (CLS)    107
5.14.3    R3CE V BLOCKCHAIN CONSORTIUM    107
5.14.4    HYPERLEDGER CONSORTIUM    108
5.14.5    GLOBAL PAYMENTS STEERING GROUP (GPSG)    108
5.14.6    FINANCIAL BLOCKCHAIN SHENZHEN CONSORTIUM (FBSC)    108
5.14.7    CULEDGER    109
5.14.8    BLOCKCHAIN COLLABORATIVE CONSORTIUM (BCCC)    109
5.14.9    GLOBAL BLOCKCHAIN BUSINESS COUNCIL    109
5.14.10    WALL STREET BLOCKCHAIN ALLIANCE (WSBA)    109
5.14.11    OTHER BLOCKCHAIN ASSOCIATIONS    109
6    BLOCKCHAIN DEVICES MARKET, BY TYPE    111
6.1    INTRODUCTION    112
FIGURE 37    HARDWARE WALLETS TO HOLD LARGEST SIZE OF BLOCKCHAIN DEVICES MARKET IN 2026    112
TABLE 14    BLOCKCHAIN DEVICES MARKET, BY TYPE, 2018–2020 (USD MILLION)    112
TABLE 15    BLOCKCHAIN DEVICES MARKET, BY TYPE, 2021–2026 (USD MILLION)    113
TABLE 16    BLOCKCHAIN DEVICES MARKET, BY TYPE, 2018–2020 (UNITS)    113
TABLE 17    BLOCKCHAIN DEVICES MARKET, BY TYPE, 2021–2026 (UNITS)    114
6.2    HARDWARE WALLETS    115
6.2.1    HARDWARE WALLETS GENERATE PRIVATE KEYS OFFLINE IN COLD STORAGE AND PROTECT THOSE FROM VULNERABILITIES AND VIRUSES    115
TABLE 18    PLAYERS OFFERING HARDWARE WALLETS    115
TABLE 19    BLOCKCHAIN DEVICES MARKET FOR HARDWARE WALLETS, BY REGION, 2018–2020 (USD MILLION)    116
FIGURE 38    NORTH AMERICA TO HOLD LARGEST SHARE OF BLOCKCHAIN DEVICES MARKET FOR HARDWARE WALLETS IN 2026    116
TABLE 20    BLOCKCHAIN DEVICES MARKET FOR HARDWARE WALLETS, BY REGION, 2021–2026 (USD MILLION)    116
6.2.2    CRYPTO HARDWARE WALLETS    117
6.2.2.1    Acceptance of cryptocurrencies across various regions and sectors is driving market for crypto hardware wallets    117
6.2.3    CAR WALLETS    117
6.2.3.1    Car wallets enable autonomous payment of parking fees, toll fees, and battery recharging    117
6.2.4    SMART CARDS    118
6.2.4.1    Smart cards are funded by cryptocurrency balance of users    118
6.3    BLOCKCHAIN SMARTPHONES    118
6.3.1    BLOCKCHAIN SMARTPHONES SECURELY STORE PRIVATE KEYS AND OTHER SENSITIVE INFORMATION WITHOUT GIVING ACCESS TO ANY THIRD-PARTY SOFTWARE    118
TABLE 21    PLAYERS OFFERING BLOCKCHAIN SMARTPHONES    119
TABLE 22    BLOCKCHAIN SMARTPHONES MARKET, BY REGION,
2018–2020 (USD MILLION)    119
FIGURE 39    BLOCKCHAIN SMARTPHONES MARKET IN APAC TO GROW AT HIGHEST RATE DURING FORECAST PERIOD    120
TABLE 23    BLOCKCHAIN SMARTPHONES MARKET, BY REGION,
2021–2026 (USD MILLION)    120
6.4    CRYPTO ATMS    121
6.4.1    AVAILABILITY OF CRYPTO ATMS CUSTOMIZABLE FOR REGULATORY COMPLIANCE AND END-USER REQUIREMENTS PROVIDES GROWTH OPPORTUNITIES    121
TABLE 24    PLAYERS OFFERING CRYPTO ATMS    122
TABLE 25    CRYPTO ATMS MARKET, BY REGION, 2018–2020 (USD MILLION)    122
FIGURE 40    NORTH AMERICA TO LEAD CRYPTO ATMS MARKET DURING FORECAST PERIOD    123
TABLE 26    CRYPTO ATMS MARKET, BY REGION, 2021–2026 (USD MILLION)    123
TABLE 27    CRYPTO ATMS MARKET, BY TYPE, 2018–2020 (USD MILLION)    124
TABLE 28    CRYPTO ATM MARKET, BY TYPE, 2021–2026 (USD MILLION)    124
6.4.2    ONE-WAY CRYPTO ATMS    124
6.4.2.1    One-way crypto ATMs only perform one function at terminal    124
6.4.3    TWO-WAY CRYPTO ATMS    125
6.4.3.1    Two-way crypto ATMs segment would grow at higher rate
than one-way crypto ATMs    125
6.5    POS DEVICES    125
6.5.1    POS DEVICES ALLOW FLEXIBLE PAYMENT PROCESSING OF CRYPTOCURRENCIES FROM ANY LOCATION    125
TABLE 29    PLAYERS OFFERING POS DEVICES    126
TABLE 30    POS DEVICES MARKET, BY REGION, 2018–2020 (USD MILLION)    126
FIGURE 41    MARKET FOR POS DEVICES TO GROW AT FASTEST RATE IN NORTH AMERICA DURING FORECAST PERIOD    126
TABLE 31    POS DEVICES MARKET, BY REGION, 2021–2026 (USD MILLION)    127
6.6    BLOCKCHAIN IOT GATEWAYS    127
6.6.1    INTEGRATION OF BLOCKCHAIN TECHNOLOGY WITH IOT DEVICES ENSURES EXTRA LEVEL OF SECURITY WITH QUICK AND TRANSPARENT COMMUNICATION AMONG IOT DEVICES    127
TABLE 32    PLAYERS OFFERING BLOCKCHAIN IOT GATEWAY PRODUCTS/SOLUTIONS    128
TABLE 33    BLOCKCHAIN IOT GATEWAYS MARKET, BY REGION,
2018–2020 (USD MILLION)    128
FIGURE 42    NORTH AMERICA TO LEAD BLOCKCHAIN IOT GATEWAYS MARKET DURING FORECAST PERIOD    129
TABLE 34    BLOCKCHAIN IOT GATEWAYS MARKET, BY REGION,
2021–2026 (USD MILLION)    129
6.7    OTHER BLOCKCHAIN DEVICES    130
TABLE 35    PLAYERS OFFERING OTHER BLOCKCHAIN DEVICES/SOLUTIONS    131
TABLE 36    OTHER BLOCKCHAIN DEVICES MARKET, BY REGION,
2018–2020 (USD MILLION)    131
FIGURE 43    NORTH AMERICA TO HOLD LARGEST SHARE OF OTHER BLOCKCHAIN DEVICES MARKET DURING FORECAST PERIOD    131
TABLE 37    OTHER BLOCKCHAIN DEVICES MARKET, BY REGION,
2021–2026 (USD MILLION)    132
7    BLOCKCHAIN DEVICES MARKET, BY CONNECTIVITY    133
7.1    INTRODUCTION    134
FIGURE 44    WIRED SEGMENT IS PROJECTED TO LEAD BLOCKCHAIN DEVICES MARKET FROM 2021 TO 2026    134
TABLE 38    BLOCKCHAIN DEVICES MARKET, BY CONNECTIVITY,
2018–2020 (USD MILLION)    134
TABLE 39    BLOCKCHAIN DEVICES MARKET, BY CONNECTIVITY,
2021–2026 (USD MILLION)    134
7.2    WIRED    135
7.2.1    WIRED BLOCKCHAIN DEVICES OFFER BETTER CONNECTIVITY THAN WIRELESS BLOCKCHAIN DEVICES    135
TABLE 40    PLAYERS OFFERING WIRED BLOCKCHAIN DEVICES    135
TABLE 41    BLOCKCHAIN DEVICES MARKET FOR WIRED CONNECTIVITY, BY TYPE,
2018–2020 (USD MILLION)    135
FIGURE 45    CRYPTO ATMS SEGMENT OF WIRED BLOCKCHAIN DEVICES MARKET TO GROW AT HIGHER RATE THAN HARDWARE WALLETS DURING FORECAST PERIOD    136
TABLE 42    WIRED BLOCKCHAIN DEVICES MARKET, BY TYPE, 2021–2026 (USD MILLION)    136
7.3    WIRELESS    136
7.3.1    WIRELESS BLOCKCHAIN DEVICES ARE WITNESSING SIGNIFICANT GROWTH    136
TABLE 43    PLAYERS OFFERING WIRELESS BLOCKCHAIN DEVICES    137
TABLE 44    MARKET FOR WIRELESS BLOCKCHAIN DEVICES, BY TYPE,
2018–2020 (USD MILLION)    138
FIGURE 46    HARDWARE WALLETS TO HOLD LARGEST SHARE OF WIRELESS BLOCKCHAIN DEVICES MARKET DURING FORECAST PERIOD    138
TABLE 45    MARKET FOR WIRELESS BLOCKCHAIN DEVICES, BY TYPE,
2021–2026 (USD MILLION)    139
8    BLOCKCHAIN DEVICES MARKET, BY APPLICATION    140
8.1    INTRODUCTION    141
FIGURE 47    BLOCKCHAIN DEVICES MARKET FOR CORPORATE APPLICATION TO GROW AT HIGHER CAGR DURING FORECAST PERIOD    141
TABLE 46    BLOCKCHAIN DEVICES MARKET, BY APPLICATION,
2018–2020 (USD MILLION)    141
TABLE 47    BLOCKCHAIN DEVICES MARKET, BY APPLICATION,
2021–2026 (USD MILLION)    142
8.2    PERSONAL    142
8.2.1    INCREASING GLOBAL ACCEPTANCE OF CRYPTOCURRENCIES IS DRIVING USE OF BLOCKCHAIN DEVICES FOR PERSONAL USE    142
TABLE 48    BLOCKCHAIN DEVICES MARKET FOR PERSONAL APPLICATION, BY REGION, 2018–2020 (USD MILLION)    143
FIGURE 48    NORTH AMERICA TO BE LARGEST MARKET FOR PERSONAL APPLICATION DURING FORECAST PERIOD    143
TABLE 49    BLOCKCHAIN DEVICES MARKET FOR PERSONAL APPLICATION, BY REGION, 2021–2026 (USD MILLION)    143
8.3    CORPORATE    144
8.3.1    ADOPTION OF BLOCKCHAIN TECHNOLOGY ACROSS SUPPLY CHAIN FOR TRACKING AND MONITORING OF ASSETS IS DRIVING USE OF BLOCKCHAIN DEVICES    144
TABLE 50    BLOCKCHAIN DEVICES MARKET FOR CORPORATE APPLICATION, BY REGION, 2018–2020 (USD MILLION)    145
FIGURE 49    NORTH AMERICA TO BE LARGEST MARKET FOR CORPORATE APPLICATION DURING FORECAST PERIOD    145
TABLE 51    BLOCKCHAIN DEVICES MARKET FOR CORPORATE APPLICATION, BY REGION, 2021–2026 (USD MILLION)    145
8.3.2    BLOCKCHAIN DEVICES MARKET FOR CORPORATE APPLICATION,
BY ENTERPRISE SIZE    146
TABLE 52    BLOCKCHAIN DEVICES MARKET FOR CORPORATE, BY ENTERPRISE SIZE, 2018–2020 (USD MILLION)    146
FIGURE 50    LARGE ENTERPRISES TO HOLD LARGER SHARE OF BLOCKCHAIN DEVICES MARKET FOR CORPORATE APPLICATION DURING FORECAST PERIOD    147
TABLE 53    BLOCKCHAIN DEVICES MARKET FOR CORPORATE, BY ENTERPRISE SIZE, 2021–2026 (USD MILLION)    147
8.3.2.1    Large enterprises    148
8.3.2.1.1    Drivers for blockchain devices market for large enterprises    149
8.3.2.1.2    Large enterprises: Impact of COVID-19    149
8.3.2.2    Small and medium-sized enterprises    149
8.3.2.2.1    Drivers for blockchain devices market for small and medium-sized enterprises    150
8.3.2.2.2    Small and medium-sized enterprises: Impact of COVID-19    150
9    BLOCKCHAIN DEVICES MARKET, BY END USER    151
9.1    INTRODUCTION    152
FIGURE 51    CONSUMER END USER SEGMENT TO DOMINATE BLOCKCHAIN DEVICES MARKET DURING FORECAST PERIOD    152
TABLE 54    BLOCKCHAIN DEVICES MARKET, BY END USER, 2018–2020 (USD MILLION)    152
TABLE 55    BLOCKCHAIN DEVICES MARKET, BY END USER, 2021–2026 (USD MILLION)    153
9.1.1    CONSUMER    154
9.1.1.1    Blockchain-enabled devices help trace products, determine whether warranty has expired, and conduct full recalls    154
TABLE 56    BLOCKCHAIN DEVICES MARKET FOR CONSUMER, BY REGION,
2018–2020 (USD MILLION)    154
FIGURE 52    NORTH AMERICA TO LEAD BLOCKCHAIN DEVICES MARKET FOR CONSUMER DURING FORECAST PERIOD    155
TABLE 57    BLOCKCHAIN DEVICES MARKET FOR CONSUMER, BY REGION,
2021–2026 (USD MILLION)    155
9.1.2    BFSI    156
9.1.2.1    Implementing blockchain in BFSI helps reduce frauds, minimize risks, and increase customer satisfaction    156
TABLE 58    BLOCKCHAIN DEVICES MARKET FOR BFSI, BY REGION,
2018–2020 (USD MILLION)    157
FIGURE 53    NORTH AMERICA TO DOMINATE BLOCKCHAIN DEVICES MARKET
FOR BFSI THROUGHOUT FORECAST PERIOD    157
TABLE 59    BLOCKCHAIN DEVICES MARKET FOR BFSI, BY REGION,
2021–2026 (USD MILLION)    157
9.1.3    GOVERNMENT    158
9.1.3.1    Blockchain technology enables recording of transactions on distributed ledgers to increase transparency in government agencies    158
TABLE 60    BLOCKCHAIN DEVICES MARKET FOR GOVERNMENT, BY REGION,
2018–2020 (USD MILLION)    159
FIGURE 54    NORTH AMERICA TO DOMINATE BLOCKCHAIN DEVICES MARKET FOR GOVERNMENT THROUGHOUT FORECAST PERIOD    159
TABLE 61    BLOCKCHAIN DEVICES MARKET FOR GOVERNMENT, BY REGION,
2021–2026 (USD MILLION)    160
9.1.4    RETAIL & E-COMMERCE    160
9.1.4.1    Blockchain technology prevents data manipulation, which is expected to drive blockchain devices market for retail & e-commerce    160
TABLE 62    BLOCKCHAIN DEVICES MARKET FOR RETAIL & E-COMMERCE, BY REGION, 2018–2020 (USD MILLION)    161
FIGURE 55    NORTH AMERICA TO DOMINATE BLOCKCHAIN DEVICES MARKET FOR RETAIL & E-COMMERCE THROUGHOUT FORECAST PERIOD    162
TABLE 63    BLOCKCHAIN DEVICES MARKET FOR RETAIL & E-COMMERCE, BY REGION, 2021–2026 (USD MILLION)    162
9.1.5    TRAVEL & HOSPITALITY    163
9.1.5.1    Blockchain technology can assist in eliminating middlemen, promoting direct provider-to-consumer interaction, and lowering costs    163
TABLE 64    BLOCKCHAIN DEVICES MARKET FOR TRAVEL & HOSPITALITY, BY REGION, 2018–2020 (USD MILLION)    163
FIGURE 56    NORTH AMERICA TO LEAD BLOCKCHAIN DEVICES MARKET FOR TRAVEL & HOSPITALITY DURING FORECAST PERIOD    164
TABLE 65    BLOCKCHAIN DEVICES MARKET FOR TRAVEL & HOSPITALITY, BY REGION, 2021–2026 (USD MILLION)    164
9.1.6    AUTOMOTIVE    165
9.1.6.1    Blockchains could be used to track automotive parts in supply chain and identify counterfeits    165
TABLE 66    BLOCKCHAIN DEVICES MARKET FOR AUTOMOTIVE, BY REGION,
2018–2020 (USD MILLION)    165
FIGURE 57    NORTH AMERICA TO DOMINATE BLOCKCHAIN DEVICES MARKET FOR AUTOMOTIVE DURING FORECAST PERIOD    166
TABLE 67    BLOCKCHAIN DEVICES MARKET FOR AUTOMOTIVE, BY REGION,
2021–2026 (USD MILLION)    166
9.1.7    TRANSPORTATION & LOGISTICS    167
9.1.7.1    Blockchain technology helps track freights, offers secure transactions, and validate user identities through multi-factor authentication    167
TABLE 68    BLOCKCHAIN DEVICES MARKET FOR TRANSPORTATION & LOGISTICS,
BY REGION, 2018–2020 (USD MILLION)    168
FIGURE 58    APAC BLOCKCHAIN DEVICES MARKET FOR TRANSPORTATION & LOGISTICS TO GROW AT HIGHEST RATE DURING FORECAST PERIOD    168
TABLE 69    BLOCKCHAIN DEVICES MARKET FOR TRANSPORTATION & LOGISTICS,
BY REGION, 2021–2026 (USD MILLION)    168
9.1.8    IT & TELECOMMUNICATION    169
9.1.8.1    Operational support provided by blockchain devices for OSS/BSS and surge in data security concerns to drive blockchain devices market for IT & telecommunication    169
TABLE 70    BLOCKCHAIN DEVICES MARKET FOR IT & TELECOMMUNICATION, BY REGION, 2018–2020 (USD MILLION)    170
FIGURE 59    NORTH AMERICA TO DOMINATE BLOCKCHAIN DEVICES MARKET FOR
IT & TELECOMMUNICATION DURING FORECAST PERIOD    170
TABLE 71    BLOCKCHAIN DEVICES MARKET FOR IT & TELECOMMUNICATION, BY REGION, 2021–2026 (USD MILLION)    170
9.1.9    OTHERS    171
9.1.9.1    Other end users would present significant growth opportunities for blockchain solutions    171
TABLE 72    BLOCKCHAIN DEVICES MARKET FOR OTHERS, BY REGION,
2018–2020 (USD MILLION)    172
FIGURE 60    NORTH AMERICA TO DOMINATE BLOCKCHAIN DEVICES MARKET
FOR IT & TELECOMMUNICATION DURING FORECAST PERIOD    172
TABLE 73    BLOCKCHAIN DEVICES MARKET FOR OTHERS, BY REGION,
2021–2026 (USD MILLION)    173
10    GEOGRAPHIC ANALYSIS    174
10.1    INTRODUCTION    175
FIGURE 61    ROW BLOCKCHAIN DEVICES MARKET TO REGISTER HIGHEST CAGR BETWEEN 2021 AND 2026    175
FIGURE 62    NORTH AMERICA TO LEAD BLOCKCHAIN DEVICES MARKET DURING FORECAST PERIOD    176
TABLE 74    BLOCKCHAIN DEVICES MARKET, BY REGION, 2018–2020 (USD MILLION)    176
TABLE 75    BLOCKCHAIN DEVICES MARKET, BY REGION, 2021–2026 (USD MILLION)    176
10.2    NORTH AMERICA    177
FIGURE 63    NORTH AMERICA: SNAPSHOT OF BLOCKCHAIN DEVICES MARKET    178
TABLE 76    BLOCKCHAIN DEVICES MARKET IN NORTH AMERICA, BY TYPE,
2018–2020 (USD MILLION)    179
TABLE 77    BLOCKCHAIN DEVICES MARKET IN NORTH AMERICA, BY TYPE,
2021–2026 (USD MILLION)    179
TABLE 78    BLOCKCHAIN DEVICES MARKET IN NORTH AMERICA, BY APPLICATION, 2018–2020 (USD MILLION)    180
TABLE 79    BLOCKCHAIN DEVICES MARKET IN NORTH AMERICA, BY APPLICATION, 2021–2026 (USD MILLION)    180
TABLE 80    BLOCKCHAIN DEVICES MARKET IN NORTH AMERICA, BY COUNTRY,
2018–2020 (USD MILLION)    180
TABLE 81    BLOCKCHAIN DEVICES MARKET IN NORTH AMERICA, BY COUNTRY,
2021–2026 (USD MILLION)    180
10.2.1    US    181
10.2.1.1    Large presence of vendors and growing need for simplifying business processes to drive market growth    181

10.2.2    CANADA    182
10.2.2.1    Rapid infrastructure development through distributed ledger technology to deliver secure and transparent services to drive growth of Canadian market    182
10.2.3    MEXICO    183
10.2.3.1    Increasing focus on digitalization to drive growth of blockchain devices market in Mexico    183
10.3    EUROPE    183
FIGURE 64    EUROPE: SNAPSHOT OF BLOCKCHAIN DEVICES MARKET    185
TABLE 82    BLOCKCHAIN DEVICES MARKET IN EUROPE, BY TYPE,
2018–2020 (USD MILLION)    186
TABLE 83    BLOCKCHAIN DEVICES MARKET IN EUROPE, BY TYPE,
2021–2026 (USD MILLION)    186
TABLE 84    BLOCKCHAIN DEVICES MARKET IN EUROPE, BY APPLICATION,
2018–2020 (USD MILLION)    187
TABLE 85    BLOCKCHAIN DEVICES MARKET IN EUROPE, BY APPLICATION,
2021–2026 (USD MILLION)    187
TABLE 86    BLOCKCHAIN DEVICES MARKET IN EUROPE, BY COUNTRY,
2018–2020 (USD MILLION)    187
TABLE 87    BLOCKCHAIN DEVICES MARKET IN EUROPE, BY COUNTRY,
2021–2026 (USD MILLION)    188
10.3.1    GERMANY    188
10.3.1.1    Growing adoption of blockchain in automotive and pharmaceutical industries to drive market growth in Germany    188
10.3.2    UK    189
10.3.2.1    Initiatives for integration of blockchain technology into manufacturing industries and supply chains to drive market growth    189
10.3.3    FRANCE    190
10.3.3.1    Presence of leading blockchain devices vendors and government-led initiatives to drive market growth in France    190
10.3.4    AUSTRIA    191
10.3.4.1    Increasing research and development and initiatives by public and private sector companies for development of blockchain devices to drive market growth    191
10.3.5    REST OF EUROPE    191
10.4    ASIA PACIFIC    192
FIGURE 65    ASIA PACIFIC: SNAPSHOT OF BLOCKCHAIN DEVICES MARKET    193
TABLE 88    BLOCKCHAIN DEVICES MARKET IN APAC, BY TYPE,
2018–2020 (USD MILLION)    194
TABLE 89    BLOCKCHAIN DEVICES MARKET IN APAC, BY TYPE,
2021–2026 (USD MILLION)    194
TABLE 90    BLOCKCHAIN DEVICES MARKET IN APAC, BY APPLICATION,
2018–2020 (USD MILLION)    195
TABLE 91    BLOCKCHAIN DEVICES MARKET IN APAC, BY APPLICATION,
2021–2026 (USD MILLION)    195
TABLE 92    BLOCKCHAIN DEVICES MARKET IN APAC, BY COUNTRY,
2018–2020 (USD MILLION)    195
TABLE 93    BLOCKCHAIN DEVICES MARKET IN APAC, BY COUNTRY,
2021–2026 (USD MILLION)    196
10.4.1    CHINA    196
10.4.1.1    Increasing investments and R&D in blockchain technologies to drive market growth in China    196
10.4.2    JAPAN    197
10.4.2.1    Japan to create lucrative opportunities for blockchain devices market for various applications    197
10.4.3    SOUTH KOREA    198
10.4.3.1    Government-led initiatives to fuel growth of blockchain devices market in South Korea    198
10.4.4    SINGAPORE    198
10.4.4.1    Initiatives by government and growing adoption of blockchain devices in retail industry to drive market growth    198
10.4.5    INDIA    199
10.4.5.1    Growing crypto ownership in India to drive growth of blockchain devices market    199
10.4.6    REST OF ASIA PACIFIC    199
10.5    ROW    200
FIGURE 66    ROW: SNAPSHOT OF BLOCKCHAIN DEVICES MARKET    201
TABLE 94    BLOCKCHAIN DEVICES MARKET IN ROW, BY TYPE,
2018–2020 (USD MILLION)    202
TABLE 95    BLOCKCHAIN DEVICES MARKET IN ROW, BY TYPE,
2021–2026 (USD MILLION)    202
TABLE 96    BLOCKCHAIN DEVICES MARKET IN ROW, BY APPLICATION,
2018–2020 (USD MILLION)    203
TABLE 97    BLOCKCHAIN DEVICES MARKET IN ROW, BY APPLICATION,
2021–2026 (USD MILLION)    203
TABLE 98    BLOCKCHAIN DEVICES MARKET IN ROW, BY REGION,
2018–2020 (USD MILLION)    203
TABLE 99    BLOCKCHAIN DEVICES MARKET IN ROW, BY REGION,
2021–2026 (USD MILLION)    203
TABLE 100    BLOCKCHAIN DEVICES MARKET IN SOUTH AMERICA, BY COUNTRY,
2018–2020 (USD MILLION)    204
TABLE 101    BLOCKCHAIN DEVICES MARKET IN SOUTH AMERICA, BY COUNTRY,
2021–2026 (USD MILLION)    204
10.5.1    SOUTH AMERICA    204
10.5.1.1    Increasing infrastructure development in South America to fuel market growth    204
10.5.2    MIDDLE EAST & AFRICA    205
10.5.2.1    Rapid adoption of blockchain technology in financial institutions to fuel market growth    205

11    COMPETITIVE LANDSCAPE    207
11.1    OVERVIEW    207
11.2    KEY PLAYER STRATEGIES/RIGHT TO WIN    207
TABLE 102    OVERVIEW OF STRATEGIES DEPLOYED BY TOP MARKET PLAYERS    207
11.2.1    PRODUCT PORTFOLIO    208
11.2.2    REGIONAL FOCUS    208
11.2.3    MANUFACTURING FOOTPRINT    208
11.2.4    ORGANIC/INORGANIC PLAY    208
11.3    MARKET SHARE ANALYSIS, 2020    209
FIGURE 67    SHARE OF MAJOR PLAYERS IN BLOCKCHAIN DEVICES MARKET, 2020    209
TABLE 103    DEGREE OF COMPETITION, BLOCKCHAIN DEVICES MARKET (2020)    209
11.4    RANKING OF KEY PLAYERS IN BLOCKCHAIN DEVICES MARKET    210
FIGURE 68    BLOCKCHAIN DEVICES MARKET: RANKING OF KEY PLAYERS, 2020    210
11.5    COMPANY EVALUATION QUADRANT    212
11.5.1    STAR    212
11.5.2    EMERGING LEADER    212
11.5.3    PERVASIVE    212
11.5.4    PARTICIPANT    212
FIGURE 69    BLOCKCHAIN DEVICES MARKET: COMPANY EVALUATION QUADRANT, 2020    213
11.6    STARTUP/SME EVALUATION MATRIX    213
TABLE 104    STARTUPS/SMES IN BLOCKCHAIN DEVICES MARKET    214
11.6.1    PROGRESSIVE COMPANIES    215
11.6.2    RESPONSIVE COMPANY    215
11.6.3    DYNAMIC COMPANY    215
11.6.4    STARTING BLOCK    215
FIGURE 70    BLOCKCHAIN DEVICES MARKET, STARTUP/SME EVALUATION MATRIX, 2020    216
11.7    COMPANY FOOTPRINT (40 COMPANIES)    217
TABLE 105    COMPANY FOOTPRINT    217
TABLE 106    TYPE FOOTPRINT OF COMPANIES (40 COMPANIES)    218
TABLE 107    APPLICATION FOOTPRINT OF COMPANIES (40 COMPANIES)    220
TABLE 108    REGIONAL FOOTPRINT OF COMPANIES (40 COMPANIES)    221
11.8    COMPETITIVE SITUATION AND TRENDS    223
11.8.1    PRODUCT LAUNCHES    223
TABLE 109    PRODUCT LAUNCHES, OCTOBER 2019–DECEMBER 2020    223
11.8.2    DEALS    224
TABLE 110    DEALS, JUNE 2020–DECEMBER 2020    224
11.8.3    OTHERS    226
TABLE 111    EXPANSIONS, NOVEMBER 2018 - DECEMBER 2020    226

12    COMPANY PROFILES    227
(Business Overview, Products/solutions Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1    KEY PLAYERS    227
12.1.1    LEDGER    227
TABLE 112    LEDGER: BUSINESS OVERVIEW    227
12.1.2    SATOSHILABS    231
TABLE 113    SATOSHILABS: BUSINESS OVERVIEW    231
12.1.3    SIRIN LABS    236
TABLE 114    SIRIN LABS: BUSINESS OVERVIEW    236
12.1.4    PUNDI X    240
TABLE 115    PUNDI X: BUSINESS OVERVIEW    240
12.1.5    GENERAL BYTES    245
TABLE 116    GENERAL BYTES: BUSINESS OVERVIEW    245
12.1.6    GENESIS COIN    249
TABLE 117    GENESIS COIN: BUSINESS OVERVIEW    249
12.1.7    HTC    251
TABLE 118    HTC: BUSINESS OVERVIEW    251
FIGURE 71    HTC: COMPANY SNAPSHOT    252
12.1.8    RIDDLE&CODE    255
TABLE 119    RIDDLE&CODE: BUSINESS OVERVIEW    255
12.1.9    BITACCESS    259
TABLE 120    BITACCESS: BUSINESS OVERVIEW    259
12.1.10    SHAPESHIFT    261
TABLE 121    SHAPESHIFT: BUSINESS OVERVIEW    261
12.2    OTHER KEY PLAYERS    263
12.2.1    COINSOURCE    263
12.2.2    AVADO    264
12.2.3    SAMSUNG    265
12.2.4    PAYMYNT    266
12.2.5    LAMASSU INDUSTRIES    267
12.2.6    INFINEON TECHNOLOGIES    268
12.2.7    TANGEM    269
12.2.8    HELIUM SYSTEMS    270
12.2.9    MODUM    271
12.2.10    SAFEPAL    273
12.2.11    NXM LABS    274
*Details on Business Overview, Products/solutions Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

13    APPENDIX    275
13.1    DISCUSSION GUIDE    275
13.2    KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL    279
13.3    AVAILABLE CUSTOMIZATIONS    281
13.4    RELATED REPORTS    281
13.5    AUTHOR DETAILS    282"