ハードウェアウォレットの世界市場：タイプ別、接続タイプ別、流通チャネル別、エンドユーザー別、地域別、2024～2032年

世界のハードウェアウォレットの市場規模は、2023年に3億9,590万米ドルに達し、2024～2032年にかけてCAGR 19.9%で成長し、2032年までに20億9,340万米ドルに達すると予測されています。従来の金融システムへの暗号通貨の統合が進んでいること、暗号通貨関連サービスのエコシステムが拡大していること、世界中でプライバシーと自律性に対する消費者の需要が高まっていることなどが、市場成長を促進する主な要因となっています。

ハードウェアウォレットは、ユーザーの暗号通貨秘密鍵を安全に保管するために設計された物理的なデバイスです。コンピュータやスマートフォン上で動作するソフトウェアウォレットとは異なり、ハードウェアウォレットはオフラインで動作するため、ハッキングの試みやマルウェアの影響を受けにくいです。取引が必要な場合、ウォレットはコンピューターやスマートフォンに接続されていなければならないです。秘密鍵が取引に署名するために使われるのはそのときだけで、この作業はすべてデバイス内で行われるため、鍵がインターネットに公開されることはないです。このレベルのセキュリティにより、これらのウォレットは暗号通貨を保管するための最も安全なオプションの一つとなっています。特に長期保管や大量のデジタル資産を保管するのに便利です。これらのウォレットには、PIN保護やバックアップオプションなど様々な機能が搭載されており、セキュリティのレイヤーが追加されています。ソフトウェアウォレットと比較すると初期費用は高いが、セキュリティ強化のために投資する価値があると考える人は多いです。

銀行や投資プラットフォームなど、従来の金融システムへの暗号通貨の統合が進んでいることが、世界市場を大きく牽引しています。デジタル資産が主流になるにつれ、金融機関は暗号通貨サービスを顧客に提供するための安全な方法を模索しています。これに伴い、暗号通貨取引所、融資プラットフォーム、資産管理サービスなど、暗号通貨関連サービスのエコシステムが拡大していることが、間接的にこれらのウォレットの需要に拍車をかけています。さらに、個人投資家と機関投資家の両方が暗号通貨市場に流入していることも、市場の成長を促す要因となっています。個人投資家が大量需要に貢献する一方で、機関投資家は市場に信頼性と主流受容のレベルをもたらします。これとは別に、プライバシーと自律性に対する消費者の需要の高まりも市場を大きく支えています。さらに、ブロックチェーン技術の継続的な向上は、世界の産業にプラスの影響を与えています。

ハードウェアウォレットの市場動向と促進要因：

暗号通貨のセキュリティに対する意識の高まり

暗号通貨の普及に伴い、ユーザーはデジタル資産の安全確保が不可欠となっています。暗号通貨は中央当局の規制を受けないため、セキュリティに対する責任は個人にあります。このような意識から、ソフトウェアベースのウォレットと比較して高いレベルのセキュリティを提供するハードウェアウォレットの需要が高まっています。ハッキングやフィッシング攻撃の影響を受けやすいソフトウェアウォレットとは異なり、ハードウェアウォレットはオンライン上の脅威から保護されています。ユーザーの秘密鍵はオフラインで保存されるため、権限のないユーザーが保存されたデジタル資産にアクセスすることは事実上不可能です。著名なハッキング事件が相次ぎ、数百万米ドルものデジタル通貨が盗まれたことで、これらのウォレットへのシフトはさらに加速しています。インフルエンサーや企業、さらには規制機関による教育キャンペーンは、デジタル資産を保護するために製品を使用することの重要性についての認識を広めることに貢献しています。その結果、暗号通貨への投資や取引に真剣に取り組む人々は、他の形態のデジタル資産保管よりもハードウェアウォレットを優先するようになっています。

分散型金融（DeFi）プラットフォームの台頭

一般的にDeFiとして知られる分散型金融の台頭は、世界の業界に大きな影響を与えています。DeFiプラットフォームは、銀行のような伝統的な仲介機関を介さずに、貸し借りから資産管理まで、さまざまな金融サービスを提供します。さらに、DeFiプラットフォームとやりとりするユーザーは、取引を管理するための安全な方法を必要としており、ハードウェアウォレットが最も安全な選択肢であることが証明されています。さらに、ハードウェアウォレットは、取引に物理的な確認を必要とすることで、さらなる安全性を提供しています。この動向により、DeFiユーザーの間でハードウェアウォレットの需要が高まっています。DeFi市場が成長と成熟を続けるにつれ、これらのプラットフォームとやり取りする安全で効率的な方法に対する需要は、世界レベルで業界をさらに牽引していくと思われます。

継続的な規制の進展

長年にわたり、世界中の規制機関が暗号通貨を合法的な金融資産として認め始めています。この認識により、消費者の保護やマネーロンダリングのような違法行為の防止を目的とした様々な規則や規制のイントロダクションが導入されつつあります。これに伴い、これらの規制を遵守するためには、デジタル資産の安全な保管と透明性のある追跡が必要となることが多く、ハードウェアウォレットによってそのようなことが容易になります。暗号通貨を規制する国が増えるにつれ、ハードウェアウォレットを含む安全でコンプライアンスに準拠したストレージソリューションの必要性がますます重要になってきています。したがって、規制の進展は世界の業界にとって重要な市場促進要因となっています。製造業者もまた、国際標準に準拠するよう製品を適合させており、消費者がこれらの安全なストレージ方法を信頼し、採用しやすくなっています。

目次

第1章 序文

第2章 調査範囲と調査手法

• 調査目的
• 利害関係者
• データ情報源
• 市場推定
• 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

• 概要
• 主要産業動向

第5章 ハードウェアウォレットの世界市場

• 市場概要
• 市場実績
• COVID-19の影響
• 市場予測

第6章 市場内訳：タイプ別

• ホットウォレット
• コールドウォレット

第7章 市場内訳：接続タイプ別

• 近距離無線通信（NFC）
• Bluetooth
• USB

第8章 市場内訳：流通チャネル別

• オンライン
• オフライン

第9章 市場内訳：エンドユーザー別

• 商業
• 個人

第10章 市場内訳：地域別

• 北米
  • 米国
  • カナダ
• アジア太平洋
  • 中国
  • 日本
  • インド
  • 韓国
  • オーストラリア
  • インドネシア
  • その他
• 欧州
  • ドイツ
  • フランス
  • 英国
  • イタリア
  • スペイン
  • ロシア
  • その他
• ラテンアメリカ
  • ブラジル
  • メキシコ
  • その他
• 中東・アフリカ

第11章 SWOT分析

• 概要
• 強み
• 弱み
• 機会
• 脅威

第12章 バリューチェーン分析

第13章 ポーターのファイブフォース分析

• 概要
• 買い手の交渉力
• 供給企業の交渉力
• 競合の程度
• 新規参入業者の脅威
• 代替品の脅威

第14章 価格分析

第15章 競合情勢

• 市場構造
• 主要企業
• 主要企業のプロファイル
  • BitLox Limited
  • Coinkite Inc.
  • CoolBitX
  • ELLIPAL Limited
  • Ledger SAS
  • OPOLO SARL
  • Penta Security Systems Inc.
  • SatoshiLabs s.r.o.
  • ShapeShift
  • Shift Crypto AG
  • Sugi（Sofitto NV）

List of Figures

• Figure 1: Global: Hardware Wallet Market: Major Drivers and Challenges
• Figure 2: Global: Hardware Wallet Market: Sales Value (in Million US$), 2018-2023
• Figure 3: Global: Hardware Wallet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 4: Global: Hardware Wallet Market: Breakup by Type (in %), 2023
• Figure 5: Global: Hardware Wallet Market: Breakup by Connection Type (in %), 2023
• Figure 6: Global: Hardware Wallet Market: Breakup by Distribution Channel (in %), 2023
• Figure 7: Global: Hardware Wallet Market: Breakup by End User (in %), 2023
• Figure 8: Global: Hardware Wallet Market: Breakup by Region (in %), 2023
• Figure 9: Global: Hardware Wallet (Hot Wallet) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 10: Global: Hardware Wallet (Hot Wallet) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 11: Global: Hardware Wallet (Cold Wallet) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 12: Global: Hardware Wallet (Cold Wallet) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 13: Global: Hardware Wallet (Near-field Communication (NFC)) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 14: Global: Hardware Wallet (Near-field Communication (NFC)) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 15: Global: Hardware Wallet (Bluetooth) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 16: Global: Hardware Wallet (Bluetooth) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 17: Global: Hardware Wallet (USB) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 18: Global: Hardware Wallet (USB) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 19: Global: Hardware Wallet (Online) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 20: Global: Hardware Wallet (Online) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 21: Global: Hardware Wallet (Offline) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 22: Global: Hardware Wallet (Offline) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 23: Global: Hardware Wallet (Commercial) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 24: Global: Hardware Wallet (Commercial) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 25: Global: Hardware Wallet (Individual) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 26: Global: Hardware Wallet (Individual) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 27: North America: Hardware Wallet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 28: North America: Hardware Wallet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 29: United States: Hardware Wallet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 30: United States: Hardware Wallet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 31: Canada: Hardware Wallet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 32: Canada: Hardware Wallet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 33: Asia-Pacific: Hardware Wallet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 34: Asia-Pacific: Hardware Wallet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 35: China: Hardware Wallet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 36: China: Hardware Wallet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 37: Japan: Hardware Wallet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 38: Japan: Hardware Wallet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 39: India: Hardware Wallet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 40: India: Hardware Wallet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 41: South Korea: Hardware Wallet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 42: South Korea: Hardware Wallet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 43: Australia: Hardware Wallet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 44: Australia: Hardware Wallet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 45: Indonesia: Hardware Wallet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 46: Indonesia: Hardware Wallet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 47: Others: Hardware Wallet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 48: Others: Hardware Wallet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 49: Europe: Hardware Wallet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 50: Europe: Hardware Wallet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 51: Germany: Hardware Wallet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 52: Germany: Hardware Wallet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 53: France: Hardware Wallet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 54: France: Hardware Wallet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 55: United Kingdom: Hardware Wallet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 56: United Kingdom: Hardware Wallet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 57: Italy: Hardware Wallet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 58: Italy: Hardware Wallet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 59: Spain: Hardware Wallet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 60: Spain: Hardware Wallet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 61: Russia: Hardware Wallet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 62: Russia: Hardware Wallet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 63: Others: Hardware Wallet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 64: Others: Hardware Wallet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 65: Latin America: Hardware Wallet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 66: Latin America: Hardware Wallet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 67: Brazil: Hardware Wallet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 68: Brazil: Hardware Wallet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 69: Mexico: Hardware Wallet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 70: Mexico: Hardware Wallet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 71: Others: Hardware Wallet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 72: Others: Hardware Wallet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 73: Middle East and Africa: Hardware Wallet Market: Sales Value (in Million US$), 2018 & 2023
• Figure 74: Middle East and Africa: Hardware Wallet Market: Breakup by Country (in %), 2023
• Figure 75: Middle East and Africa: Hardware Wallet Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 76: Global: Hardware Wallet Industry: SWOT Analysis
• Figure 77: Global: Hardware Wallet Industry: Value Chain Analysis
• Figure 78: Global: Hardware Wallet Industry: Porter's Five Forces Analysis

List of Tables

• Table 1: Global: Hardware Wallet Market: Key Industry Highlights, 2023 and 2032
• Table 2: Global: Hardware Wallet Market Forecast: Breakup by Type (in Million US$), 2024-2032
• Table 3: Global: Hardware Wallet Market Forecast: Breakup by Connection Type (in Million US$), 2024-2032
• Table 4: Global: Hardware Wallet Market Forecast: Breakup by Distribution Channel (in Million US$), 2024-2032
• Table 5: Global: Hardware Wallet Market Forecast: Breakup by End User (in Million US$), 2024-2032
• Table 6: Global: Hardware Wallet Market Forecast: Breakup by Region (in Million US$), 2024-2032
• Table 7: Global: Hardware Wallet Market: Competitive Structure
• Table 8: Global: Hardware Wallet Market: Key Players

The global hardware wallet market size reached US$ 395.9 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 2,093.4 Million by 2032, exhibiting a growth rate (CAGR) of 19.9% during 2024-2032. The increasing integration of cryptocurrencies into traditional financial systems, the expanding ecosystem of cryptocurrency-related services, and the rising consumer demand for privacy and autonomy across the globe are among the key factors driving the market growth.

A hardware wallet is a physical device designed to securely store the user's cryptocurrency private keys. Unlike software wallets that run on computers or smartphones, hardware wallets are less susceptible to hacking attempts and malware because they operate offline. When you need to make a transaction, the wallet must be connected to a computer or smartphone. Only then are the private keys used to sign the transaction, and this all happens within the device itself, never exposing the keys to the internet. This level of security makes these wallets one of the safest options for storing cryptocurrency. They are particularly useful for long-term storage or for holding large amounts of digital assets. These wallets come with a variety of features, including PIN protection and backup options, adding layers of security. Although they come at a higher upfront cost compared to software wallets, many consider the investment worthwhile for the enhanced security.

The increasing integration of cryptocurrencies into traditional financial systems, including banks and investment platforms, is majorly driving the global market. As digital assets become more mainstream, financial institutions are seeking secure methods to offer cryptocurrency services to their customers. Along with this, the expanding ecosystem of cryptocurrency-related services such as cryptocurrency exchanges, lending platforms, and asset management services is indirectly fueling the demand for these wallets. In addition, the influx of both retail and institutional investors into the cryptocurrency market is also acting as another growth-inducing factor for the market. While retail investors contribute to bulk demand, institutional investors bring a level of credibility and mainstream acceptance to the market. Apart from this, the rising consumer demand for privacy and autonomy is also significantly supporting the market. Moreover, the continuous improvement in blockchain technology is impacting the global industry positively.

Hardware Wallet Market Trends/Drivers:

Increasing awareness of cryptocurrency security

The growing adoption of cryptocurrencies has made it imperative for users to secure their digital assets. As cryptocurrencies are not regulated by any central authority, the responsibility for security falls squarely on the individual. This awareness is leading to an increasing demand for hardware wallets, which offer a higher level of security compared to software-based wallets. Unlike software wallets, which are susceptible to hacks and phishing attacks, these wallets are immune to online threats. They store the user's private keys offline, making it virtually impossible for unauthorized users to access the stored digital assets. The string of high-profile hacks and the millions in digital currencies stolen have further accelerated the shift towards these wallets. Educational campaigns by influencers, companies, and even regulatory bodies have contributed to spreading awareness about the importance of using the product for securing digital assets. As a result, people who are serious about cryptocurrency investment or transactions are now prioritizing hardware wallets over other forms of digital asset storage.

Rise of decentralized finance (DeFi) platforms

The emergence of decentralized finance, commonly known as DeFi, is significantly impacting the global industry. DeFi platforms offer a range of financial services, from lending and borrowing to asset management, without the need for traditional intermediaries, such as banks. In addition, users who interact with DeFi platforms require a secure method to manage their transactions, and hardware wallets have proven to be the safest option available. Moreover, they offer an added layer of security by requiring physical confirmation for transactions. This trend has led to a rise in demand for hardware wallets among DeFi users. As the DeFi market continues to grow and mature, the demand for secure and efficient ways to interact with these platforms will further drive the industry on the global level.

Continuous regulatory developments

Over the years, regulatory bodies around the world have started to recognize cryptocurrencies as legitimate financial assets. This recognition is leading to the introduction of various rules and regulations aimed at protecting consumers and preventing illegal activities like money laundering. In confluence with this, compliance with these regulations often requires secure storage and transparent tracking of digital assets, factors that are facilitated by hardware wallets. As more countries move towards regulating cryptocurrencies, the need for secure, compliant storage solutions, including hardware wallets is becoming increasingly crucial. Regulatory developments, therefore, act as a significant market driver for the global industry. Manufacturers are also adapting their products to be compliant with international standards, making it easier for consumers to trust and adopt these secure storage methods.

Hardware Wallet Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional and country levels from 2024-2032. Our report has categorized the market based on type, connection type, distribution channel, and end user.

Breakup by Type:

Hot Wallet

Cold Wallet

Hot wallet holds the largest market share

The report has provided a detailed breakup and analysis of the market based on the type. This includes hot wallet and cold wallet. According to the report, hot wallet represented the largest segment.

Hot wallets, a specific category within the hardware wallet industry, also have their own set of market drivers that contribute to their adoption. Unlike their cold wallet counterparts, hot wallets are connected to the internet, which allows for more seamless transactions and easier access to digital assets. One significant market driver for hot wallets is the increasing demand for speed and convenience in cryptocurrency trading and transactions. In addition, users who actively trade or frequently access their digital assets find hot wallets to be more user-friendly. Moreover, these wallets often come with mobile apps and integration features that enable quick transfers and real-time monitoring, catering to the need for on-the-go access to digital assets. Additionally, the rising popularity of decentralized finance (DeFi) platforms, which require constant interaction with blockchain, is making hot wallets more appealing to active traders and DeFi participants. The lower cost of hot wallets compared to cold hardware wallets also makes them an attractive option for newcomers in the cryptocurrency space who are unwilling to invest heavily in storage solutions.

Breakup by Connection Type:

Near-field Communication (NFC)

Bluetooth

USB

USB accounts for the majority of the market share

A detailed breakup and analysis of the market based on the connection type has also been provided in the report. This includes near-field communication (NFC), Bluetooth, and USB. According to the report, USB accounted for the largest market share.

The market for hardware wallets with USB connections continues to grow, driven by the widespread use and familiarity of USB technology, which makes this type of connection approachable for the average consumer. Most modern computers and laptops have USB ports, making hardware wallets with USB connections universally compatible and easy to set up. This ease of use is crucial for driving adoption among those who may be new to the world of cryptocurrencies and are seeking for straightforward, plug-and-play solutions. Additionally, a USB connection is often perceived as more secure than wireless methods because it requires physical access to the device, providing an added layer of security against remote hacking attempts. In addition, the affordability of USB technology also plays a role; the cost of manufacturing USB-based hardware wallets is generally lower than those with more advanced connection methods, such as Bluetooth, making these wallets more economically accessible. Moreover, USB-connected variants are often supported by a wide array of third-party applications and services, enhancing their functionality and making them more appealing to users who engage in diverse cryptocurrency activities.

Breakup by Distribution Channel:

Online

Offline

Online holds the largest market share

The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes online and offline. According to the report, online represented the largest segment.

The significant growth in the online distribution channel for hardware wallets can be attributed to the global reach that online platforms provide. It allows manufacturers to tap into markets that might be geographically distant or logistically challenging to reach through traditional retail outlets. Along with this, e-commerce platforms offer a convenient shopping experience where consumers can easily compare features, prices, and customer reviews before making a purchase, thereby promoting informed decision-making. In addition, the trend towards digital shopping has been further accelerated by the COVID-19 pandemic, which made online channels a convenience and a necessity for many. Apart from this, manufacturers can leverage targeted online advertising and search engine optimization (SEO) techniques to attract potential customers, further driving sales. Online platforms also offer the opportunity for bundling software services with this wallet, providing an integrated solution for users. This enhances the user experience and creates an additional revenue stream for manufacturers. The scalability and lower operational costs associated with online distribution channels make them an increasingly attractive option for both companies and consumers in the global industry.

Breakup by End User:

Commercial

Individual

Individual accounts for the majority of the market share

A detailed breakup and analysis of the market based on the end user has also been provided in the report. This includes commercial and individual. According to the report, individual accounted for the largest market share.

The rise in individual end users significantly propels the market growth for these wallets, with several key drivers contributing to this trend. One of the primary factors is the increasing awareness among individual investors about the importance of securing their cryptocurrency holdings. This is especially pertinent in the wake of high-profile hacks and thefts of digital assets, which have emphasized the vulnerabilities of software wallets and online platforms. As cryptocurrencies transition from being a niche investment to a more mainstream asset class, individual users are recognizing the need for robust, secure storage solutions, and these wallets fit the bill effectively. Additionally, the ease of use and accessibility provided by modern wallets encourage individual adoption. Many of these wallets now feature user-friendly interfaces, simplified setup procedures, and compatibility with multiple cryptocurrencies, making them appealing to users with varied levels of expertise. Another driver is the growing participation of individuals in decentralized finance (DeFi) platforms, which necessitates secure and efficient methods for storing and transacting digital assets. All these factors collectively fuel the demand among individual end users in the global industry.

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

North America leads the market, accounting for the largest hardware wallet market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.

The market in North America is experiencing robust growth, propelled by the region's mature financial market, which has been quick to adopt digital currencies as an alternative investment and transaction medium. As cryptocurrencies gain traction, the need for secure storage solutions, such as these wallets becomes increasingly crucial for both individual and institutional investors. North America is also home to some of the world's largest technology companies and cryptocurrency exchanges, creating a conducive environment for technological advancements in these wallets.

In confluence with this, regulatory clarity in countries further aids market growth, as compliant wallet solutions are more readily accepted by mainstream financial institutions. In addition, the region has a high penetration of internet and technology usage, contributing to greater awareness and accessibility of cryptocurrency-related products. Educational initiatives from both private and public sectors are helping to inform the populace about the importance of securing digital assets, thereby driving sales of these wallets. Furthermore, the culture of innovation and entrepreneurial spirit in North America provides fertile ground for startups and established players to develop and market new and advanced product solutions.

Competitive Landscape:

Key players in the hardware wallet market are investing heavily in research and development to introduce advanced features that enhance security and user experience. Major competitors are forming strategic partnerships with cryptocurrency exchanges to offer seamless integration between hardware wallets and trading platforms. Key stakeholders are also focusing on expanding their global footprint by targeting emerging markets where cryptocurrency adoption is on the rise. Additionally, the industry leaders are engaging in educational initiatives that aim to enlighten potential users about the importance of hardware wallets for securing digital assets. Key players are frequently updating their firmware to keep pace with the evolving security challenges in the cryptocurrency landscape. Furthermore, the leading companies are diversifying their product range to offer hardware wallets that are compatible with a wide array of cryptocurrencies. The major players are also utilizing social media and influencer partnerships to increase brand awareness and educate the public on the benefits of using hardware wallets.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

BitLox Limited

Coinkite Inc.

CoolBitX

ELLIPAL Limited

Ledger SAS

OPOLO SARL

Penta Security Systems Inc.

SatoshiLabs s.r.o.

ShapeShift

Shift Crypto AG

Sugi (Sofitto NV)

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Recent Developments:

In December 2022, CoolBitX released CoolWallet HOT, a new software wallet feature in its CoolWallet App that enables all cryptocurrency users to confidently self-custody their cryptocurrency holdings.

In December 2022, Ledger SAS introduced Stax, a brand-new hardware wallet. It is a touchscreen gadget that enables users to manage assets and make payments without connecting to the internet.

In November 2022, ELLIPAL Limited launched a new cold wallet for the ELLIPAL brand of hardware wallets. To protect customers' bitcoin from both online and physical dangers, it was designed with air gaps and a solid metal seal.

Key Questions Answered in This Report

• 1. What was the size of the global hardware wallet market in 2023?
• 2. What is the expected growth rate of the global hardware wallet market during 2024-2032?
• 3. What are the key factors driving the global hardware wallet market?
• 4. What has been the impact of COVID-19 on the global hardware wallet market?
• 5. What is the breakup of the global hardware wallet market based on the type?
• 6. What is the breakup of the global hardware wallet market based on the connection type?
• 7. What is the breakup of the global hardware wallet market based on the distribution channel?
• 8. What is the breakup of the global hardware wallet market based on the end user?
• 9. What are the key regions in the global hardware wallet market?
• 10. Who are the key players/companies in the global hardware wallet market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Hardware Wallet Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Forecast

6 Market Breakup by Type

• 6.1 Hot Wallet
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Cold Wallet
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast

7 Market Breakup by Connection Type

• 7.1 Near-field Communication (NFC)
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Bluetooth
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast
• 7.3 USB
  • 7.3.1 Market Trends
  • 7.3.2 Market Forecast

8 Market Breakup by Distribution Channel

• 8.1 Online
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Offline
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast

9 Market Breakup by End User

• 9.1 Commercial
  • 9.1.1 Market Trends
  • 9.1.2 Market Forecast
• 9.2 Individual
  • 9.2.1 Market Trends
  • 9.2.2 Market Forecast

10 Market Breakup by Region

• 10.1 North America
  • 10.1.1 United States
    • 10.1.1.1 Market Trends
    • 10.1.1.2 Market Forecast
  • 10.1.2 Canada
    • 10.1.2.1 Market Trends
    • 10.1.2.2 Market Forecast
• 10.2 Asia-Pacific
  • 10.2.1 China
    • 10.2.1.1 Market Trends
    • 10.2.1.2 Market Forecast
  • 10.2.2 Japan
    • 10.2.2.1 Market Trends
    • 10.2.2.2 Market Forecast
  • 10.2.3 India
    • 10.2.3.1 Market Trends
    • 10.2.3.2 Market Forecast
  • 10.2.4 South Korea
    • 10.2.4.1 Market Trends
    • 10.2.4.2 Market Forecast
  • 10.2.5 Australia
    • 10.2.5.1 Market Trends
    • 10.2.5.2 Market Forecast
  • 10.2.6 Indonesia
    • 10.2.6.1 Market Trends
    • 10.2.6.2 Market Forecast
  • 10.2.7 Others
    • 10.2.7.1 Market Trends
    • 10.2.7.2 Market Forecast
• 10.3 Europe
  • 10.3.1 Germany
    • 10.3.1.1 Market Trends
    • 10.3.1.2 Market Forecast
  • 10.3.2 France
    • 10.3.2.1 Market Trends
    • 10.3.2.2 Market Forecast
  • 10.3.3 United Kingdom
    • 10.3.3.1 Market Trends
    • 10.3.3.2 Market Forecast
  • 10.3.4 Italy
    • 10.3.4.1 Market Trends
    • 10.3.4.2 Market Forecast
  • 10.3.5 Spain
    • 10.3.5.1 Market Trends
    • 10.3.5.2 Market Forecast
  • 10.3.6 Russia
    • 10.3.6.1 Market Trends
    • 10.3.6.2 Market Forecast
  • 10.3.7 Others
    • 10.3.7.1 Market Trends
    • 10.3.7.2 Market Forecast
• 10.4 Latin America
  • 10.4.1 Brazil
    • 10.4.1.1 Market Trends
    • 10.4.1.2 Market Forecast
  • 10.4.2 Mexico
    • 10.4.2.1 Market Trends
    • 10.4.2.2 Market Forecast
  • 10.4.3 Others
    • 10.4.3.1 Market Trends
    • 10.4.3.2 Market Forecast
• 10.5 Middle East and Africa
  • 10.5.1 Market Trends
  • 10.5.2 Market Breakup by Country
  • 10.5.3 Market Forecast

11 SWOT Analysis

• 11.1 Overview
• 11.2 Strengths
• 11.3 Weaknesses
• 11.4 Opportunities
• 11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

• 13.1 Overview
• 13.2 Bargaining Power of Buyers
• 13.3 Bargaining Power of Suppliers
• 13.4 Degree of Competition
• 13.5 Threat of New Entrants
• 13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

• 15.1 Market Structure
• 15.2 Key Players
• 15.3 Profiles of Key Players
  • 15.3.1 BitLox Limited
    • 15.3.1.1 Company Overview
    • 15.3.1.2 Product Portfolio
  • 15.3.2 Coinkite Inc.
    • 15.3.2.1 Company Overview
    • 15.3.2.2 Product Portfolio
  • 15.3.3 CoolBitX
    • 15.3.3.1 Company Overview
    • 15.3.3.2 Product Portfolio
  • 15.3.4 ELLIPAL Limited
    • 15.3.4.1 Company Overview
    • 15.3.4.2 Product Portfolio
  • 15.3.5 Ledger SAS
    • 15.3.5.1 Company Overview
    • 15.3.5.2 Product Portfolio
  • 15.3.6 OPOLO SARL
    • 15.3.6.1 Company Overview
    • 15.3.6.2 Product Portfolio
  • 15.3.7 Penta Security Systems Inc.
    • 15.3.7.1 Company Overview
    • 15.3.7.2 Product Portfolio
  • 15.3.8 SatoshiLabs s.r.o.
    • 15.3.8.1 Company Overview
    • 15.3.8.2 Product Portfolio
  • 15.3.9 ShapeShift
    • 15.3.9.1 Company Overview
    • 15.3.9.2 Product Portfolio
  • 15.3.10 Shift Crypto AG
    • 15.3.10.1 Company Overview
    • 15.3.10.2 Product Portfolio
  • 15.3.11 Sugi (Sofitto NV)
    • 15.3.11.1 Company Overview
    • 15.3.11.2 Product Portfolio