During the historical period (2014–2019) North America generated the highest revenue for the global blockchain devices market. This was due to the implementation of stringent government policies for regulating the BFSI sector, to attain optimum transparency and security. The U.S. was the larger contributor to the North American market due to the rising expenditure on the development of the blockchain technology.

Moreover, the high awareness about the blockchain technology in the region has supported the market growth. Thus, North America and Europe will collectively account for the largest share in the market during the forecast period. This can be owed to the entry of new market players, who are primarily focusing on the development of new and improved blockchain technologies, on account of the favorable government policies in the regions.

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Due to these factors, the adoption rate of blockchain devices in North America and Europe is higher in comparison to other parts of the world. Switzerland, Germany, the U.S., the Netherlands, and France are the frontrunners in these regions. The type segment of the blockchain devices market is classified into crypto hardware wallets, blockchain smartphones, crypto automated teller machines (ATMs), and POS terminals. Amongst these, the crypto hardware wallets division dominated the market in 2019 owing to the surge in the number of cryptocurrency transactions and users, which are resulting in the need for securing these virtual currencies.

Crypto ATMs are expected to display the fastest growth in the forecast period due to the enactment of favorable government regulations for the installation of this equipment. Thus, the increasing usage of cryptocurrencies and soaring demand for blockchain technologies from different sectors will fuel the market growth in the forecast period.

This market research report provides a comprehensive overview of the market

* Future potential of the market through its forecast for the period 2020– 2030
* Major factors driving the market and their impact during the short, medium, and long terms
* Market restraints and their impact during the short, medium, and long terms
* Recent trends and evolving opportunities for the market participants
* Historical and the present size of the market segments and understand their comparative future potential
* Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings