According to analysts at MarketsandMarkets, by 2024, the blockchain device market will increase from $ 218 million in 2019 to $ 1.285 billion in 20124.
The main factors of market growth will be an increase in the prevalence of blockchain technology in industries such as retail and supply chain management, as well as high venture capital financing, increased cryptocurrency market capitalization, and ICOs. It is assumed that over the next few years, smartphones, crypto-wallets, as well as PoS devices using blockchain technology will be actively distributed. First of all, large companies will focus on developing such solutions – Ledger (France), Pundi X (Singapore), HTC Corporation (Taiwan), Filament (USA) and others.
MarketsandMarkets believes that North America will lead the development of the blockchain device market. North America was one of the first to introduce blockchain devices, innovative devices are actively integrating banks, government organizations, and financial institutions with their systems. In addition, it is in this region that some of the leading suppliers of blockchain devices are based, which positively affects the development of the market in North America.
Most recently, leading developers presented their new products to the crypto community. So, in May, the French company Ledger announced the launch of the Ledger Nano X with Bluetooth and wireless connectivity with a PC. In October last year, HTC introduced its first blockchain smartphone, called EXODUS 1. In June of this year, Pundi X introduced its Function X blockchain smartphone, which focuses on the development of decentralization.
