Hardware Wallet Market Status and Trend Report 2028



Competitive Analysis and Industrial Developments of Hardware Wallet Market.

The major industrial players are highly driving the Hardware Wallet Market at the global level. Their presence in the various regions is propelling the regional growth of the market. The competitive nature between the players emerges its demand at the global level. The market players focus on the rising growth opportunities to help the market emerge with its developments. These players also check out the growth limiting factors, such as the challenging and restraining factors, so that it won't hamper the market's growth rate. There are a huge number of competitive leaders in different regions of the world.

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Major Players Progressing In Different Regions:

 The Asia Pacific region has a prominent number of market players. Biloxi (Hong Kong), CoolBitX Technology Ltd. (Taiwan), ELLIPAL Limited (Hong Kong), Penta Security Systems Inc. (South Korea), and CoolWallet (China) are the major players of the Asia Pacific region. Due to their presence, the Asia Pacific is progressing as the fastest-growing region. North American also has top players who are propelling its regional growth.

The market strategies implemented by the key players are boosting up the global Hardware Wallet Market. These prominent players also adopted organic and inorganic strategies like mergers, acquisitions, strategic alliances, partnerships, and product launches to maintain their competitive strategies. The leading players constantly focus on technological advancements to launch innovative products with advanced and upgraded features to meet the dynamic consumer needs. 

The list of major companies across various regions of the world - ARCHOS (France), BitLox (Hong Kong), CoolBitX Technology Ltd. (Taiwan), ELLIPAL Limited (Hong Kong), Ledger SAS (France), OPOLO SARL (Luxembourg), Satoshi Labs SRO (Czech Republic), ShapeShift (US), Shift Crypto AG (Switzerland), Sugi (zSofitto NV) (Belgium), Coinkite Inc. (Canada), SHIFT Crypto security (Switzerland), Penta Security Systems Inc. (South Korea), CoolWallet (China), GRAVE (Belgium) and SecuX Technology Inc. (Taiwan)

Key Developments of Hardware Wallet Market:

On 26th Oct 2021, CoolBitX, the International blockchain security company creator of the CoolWallet Pro, Bluetooth hardware wallet for DeFi users, announced a partnership with Crypto.com, the world's fastest-growing crypto platform. CoolWallet's official website integrated Crypto.com Pay, a powerful payment solution that offers cashback and other rewards to the users for paying and receiving payment in cryptocurrency and also provides integrated support for the CRO token.

On 11th June 2021, French start-up Ledger raised a value of USD 380 million Series C funding round led by 10T Holdings. Now the company reached a valuation of USD 1.5 billion. Other investors in the funding round include Draper Associates, Draper Dragon, Draper Esprit, DCG, Cathay Innovation, Korelya Capital, and Wicklow Capital.

On 25th Feb 2021, GRAY, a Singapore-based company, announced its crypto hardware wallet line, the CORAZON, in aluminum variants. The CORAZON created and partnered with SatoshiLabs, the creators of Trezor, the leading hardware wallet.

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On 7th Jan 2019, Ledger, a global player in security and infrastructure solutions for cryptocurrencies and blockchain applications, unveiled the Ledger Nano X, a Bluetooth-enabled hardware wallet. The Ledger Nano X's new signature product improved on the Ledger Nano S; the hardware wallet sold over 1.5 million units, with enhanced and advanced security and an improved user experience and design.

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