United States Hardware Wallet Market Analysis Report 2022-2028 – Massive Increase in Investments in Hardware Powered by Cryptocurrencies to Drive Demand/Growth – Yahoo Finance

DUBLIN, Jan. 24, 2023 /PRNewswire/ — The “United States Hardware Wallet Market, By Type (Hot Wallet and Cold Wallet) By Connection Type (Near Field Communication, USB and Bluetooth), By Distribution Channel, By End User By End Use Industry, By Region, Competition Forecast & Opportunities, 2028” report has been added to  ResearchAndMarkets.com’s offering.
United States Hardware Wallet market is anticipated to grow at double digit CAGR of 26.5% with demand for highly transparent distributed ledger technology in the commercial sector driving market growth.
Additionally, a surge in the development of new technologies throughout the digital currency or cryptocurrency market is anticipated to contribute to market growth. Also, a massive increase in investments in hardware powered by cryptocurrencies is anticipated to drive the hardware wallet market’s growth.
Moreover, government programmes to formally implement and regulate cryptocurrency systems in their commercial sector are also emerging. The United States is leading the way in establishing a legal and regulatory framework for managing cryptocurrencies nationwide, which is also anticipated to present a sizable opportunity for the expansion of the hardware wallet market in this country.
A hardware wallet is one of the critical components of a blockchain database designed to store a user’s private keys in a secure wallet. This wallet is immune to computer viruses that steal your coins and crypto information.

Increased Cryptocurrency Investment

Investment in cryptocurrencies has increased as a result of the sudden rise in Bitcoin‘s value. Due to the massive adoption of cryptocurrencies by important players like PayPal and Xbox, Bitcoin is the most valuable cryptocurrency with a market value of billions of dollars.
In addition, the second-largest cryptocurrency, Ethereum, has increased by 750% since 2020. As a result, the increased demand for cryptocurrencies is driving the market for hardware wallets, which allow traders to keep their keys safely while still protecting their personal data. These elements taken together are expected to present profitable chances for the hardware wallet’s expansion in the upcoming years.

Rising Focus on Security

Users are embracing the technology since it offers security for managing private keys. The need for hardware wallets is anticipated to increase over the future years due to greater security awareness and proper secret key storage practices.
Additionally, 66.30% of remote cyberattacks are considered to be the most dominant factors when it comes to the biggest perceived attacks in crypto, according to Trezor. A hardware wallet’s main goal has always been to safeguard users and their money from malware assaults, computer viruses, and other remote threats.
As a result, cold storage – that is, keeping Bitcoin values in a hardware wallet – is the recommended method for protecting a bitcoin wallet because it is less vulnerable to hacking. Hence driving the growth of the United States Hardware Wallet Market.

Regulations Against Cryptocurrencies

In US the Internal Revenue Service (IRS) now mandates the declaration of profits derived from virtual currency, and the US Commodity Futures Trading Commission (CFTC) has defined bitcoin to be a commodity.
The market for hardware wallets is anticipated to be constrained given the rules already in place against cryptocurrencies hence hindering the growth of United States hardware wallet market.

Market Players

ARCHOS S.A. under the category Cryptocurrencies Hardware Wallets provides ARCHOS Safe-T mini, ARCHOS Safe-T touch as hardware wallets.
Ledger SAS offers hardware wallets as Ledger Nano X, Ledger Nano S, SatoshiLabs Group a.s. offers Trezor is a brand by the company which has the Model One and Model T devices as hardware wallet. KeepKey, LLC provides hardware wallet for cryptocurrencies that supports over 40 different crypto assets. SecuX Technology Inc provides V20 hardware wallet.
The Coolbitx Technology LTD. segment develop, and offers hardware wallets under the brand name CoolWallet for consumer markets as well as complete KYC solutions for virtual asset service providers (VASPs).

Recent Developments:
As Of Dec 2019, In order to distribute its ARCHOS SAFE-T line of hardware bitcoin wallets and blockchain secured solutions across the United States, ARCHOS teamed with Blockchain Foundry Inc., a leading developer of blockchain-based business solutions and consulting services.
As of Dec. 2021, In order to offer its consumers a completely new degree of protection, Ledger collaborated with Samsung, a major player in the consumer electronics industry, to connect its smartphone’s bitcoin wallet to Ledger storage devices.
Market Dynamics
Increasing investments in cryptocurrency based devices
Technological developments to strengthening hardware wallet security
Transparency within distributed ledger technology
Lack of customer awareness about trading cryptocurrency
government regulations against cryptocurrencies
Market Trends & Developments
High potential for market expansion across developing economies
Rising focus on security
Increased use of near-field communication (NFC)
Rising cashless payments
Major Players
SatoshiLabs Group a.s
Ledger SAS
KeepKey, LLC
NerdWallet USA
SecuX Technology Inc.
Yanssie HK Limited (Keystone)
Exodus Movement, Inc.
Coolbitx Technology LTD
Report Scope:

United States Hardware Wallet Market, By Type
Hot Wallet
Cold Wallet
United States Hardware Wallet Market, By Connection Type
Near Field Communication
United States Hardware Wallet Market, By Distribution Channel:
United States Hardware Wallet Market, By End User:
United States Hardware Wallet Market, By End Use Industry:
Capital Market
BFSI (Excluding Capital Market)
Real Estate
United States Hardware Wallet Market, By Region:
For more information about this report visit https://www.researchandmarkets.com/r/udtpnp
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470 
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716
Logo:  https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

View original content:https://www.prnewswire.com/news-releases/united-states-hardware-wallet-market-analysis-report-2022-2028—massive-increase-in-investments-in-hardware-powered-by-cryptocurrencies-to-drive-demandgrowth-301729473.html
SOURCE Research and Markets
Yahoo Finance’s Dan Howley and Alexis Keenan break down the DOJ’s second antitrust lawsuit suit against Google and how it could affect the company’s ad business.
(Bloomberg) — ASML Holding NV Chief Executive Officer Peter Wennink said US-led export control measures against China could eventually push Beijing to successfully develop its own technology in advanced chipmaking machines. Most Read from BloombergHindenburg’s Short Sell Call Shaves $12 Billion Off Adani StocksUS Confronts China Over Companies’ Ties to Russia War EffortJosh Kushner Is Richer Than Trump After Billionaires Back His FirmUS and Germany Set to Send Tanks to Ukraine, Breaking Deadloc
Get ready for gas prices to rise again going into the spring. A gallon of driving fuel could go back above $4, according to GasBuddy head of petroleum Patrick De Haan.
The office serves as Oracle's interim landing spot while the company solidifies plans for a $1.35 billion riverfront office campus on the East Bank of the Cumberland River, opposite Germantown and just north of downtown.
Nearly seven in 10 of recruiters, managers, and even C-suite executives believe their organizations have a skills gap problem.
Yahoo Finance Live anchors discuss a Morgan Stanley call on Tesla stock ahead of the EV makers latest quarterly results.
Let's check out the charts for clues as the company is set to report earnings Thursday. In this daily bar chart of ADM, below, I can see that prices have struggled in the $95-$100 area. Prices have weakened in December and January and now trade below the declining 50-day moving average line and below the declining 200-day line.
STM's charts are a tough read, but let's see what they say when all the pieces are put together.
Are you maxing out the 401(k) plan you have at work every year? Do you still have money left for saving and investment after contributing the maximum to your 401(k) and maybe an IRA or two? If so, then you … Continue reading → The post Executive Deferred Compensation Plans appeared first on SmartAsset Blog.
A US-based financial forensic firm has alleged that India’s Adani Group, led by the world’s third-richest person Gautam Adani, is involved in a massive and “brazen stock manipulation” and “accounting fraud scheme.”
With shoppers now buying more non-denim bottoms such as formal trousers and cargo pants, analysts have flagged uncertainty around denim demand in the near-term, with Coresight Research forecasting a decline in the U.S. jeans market in 2023. However, Levi's said it saw more consumers shopping at its stores in the Americas and Asia, boosting its direct-to-consumer business. That, coupled with higher prices of its jeans, helped Levi's project net revenues between $6.3 billion and $6.4 billion for fiscal 2023, compared with analysts' average estimate of $6.27 billion, according to Refinitiv IBES data.
Tesla Inc. (TSLA) Chief Executive Elon Musk on Tuesday shed more light onto the often-acrimonious dealings between the EV maker and JPMorgan Chase & Co. (JPM) Musk said in a federal trial over his “funding secured” tweets on Tuesday that the relationship between Tesla and bankers at JP Morgan is “very negative,” and that Musk decided to take away all of Tesla’s commercial-banking business from JP Morgan. Musk also said that he has asked Chief Executive Jamie Dimon for support for Tesla, but that Dimon had declined to provide that support.
Carvana (NYSE: CVNA), a fast-growing and disruptive online used-car retailer, is one such enterprise that wishes 2022 had never happened. While the shares continue to bounce around quite a bit, Carvana's current market capitalization is about $1.2 billion. Enter Carvana.
The e-commerce company boosted the cost of its Basic, Shopify, and Advanced plans, saying its prices have been largely unchanged for 12 years.
Shares in several companies linked to India's richest man, Gautam Adani, fell after U.S. short-selling firm Hindenburg Research released a lengthy report that alleged fraud at the billionaire's namesake conglomerate. The seven India-listed companies, which include Adani Enterprises and Adani Transmission, fell between 1.5% and 8.9% on Wednesday. Prices of dollar-denominated debt owed by some Adani-affiliated companies dropped after publication of the report. Adani Green Energy's 4.375% bonds due
Few companies generated the buzz (and returns) of Celsius Holdings (NASDAQ: CELH) in 2022. Let's see why this pair of beverage stocks might be better investments than the energy drink maker. Drive-thru coffee chain Dutch Bros (NYSE: BROS) is the third-largest coffee chain in the U.S., and aims to have 800 stores in operation next year.
European gas storage has hit an all time high for this time of year while natural gas prices have fallen for a third day as ample supplies and the return of milder weather deal a blow to Vladimir Putin.
Data reveals half of U.S. adults now have a second job.
Oil futures barely budge on Wednesday, with U.S. prices up by pennies after the EIA reports a weekly rise of 500,000 barrels in U.S. crude supplies.
Rhode Island Sen. Jack Reed asked the Federal Trade Commission to open an inquiry into "deceptive practices" and "potential price gouging" as egg prices have jumped.


Leave a Comment

%d bloggers like this: