Blockchain devices would be worth $1.2B by 2024; report

Blockchain devices would be worth over one and a quarter billion dollars by the end of 2024. While North America is set to lead the market of blockchain devices for the next five (5) years.

It has been reported that the market of blockchain devices is expected to reach over one billion dollars ($1.285B) in the year 2024, while its current worth is projected at two hundred and eighteen million dollars ($218M).

The blockchain devices include smartphones, wallets, Automated Teller Machines (ATMs), corporate and personalized applications, along with both wired and wireless connections. 

Blockchain Devices headed for big shows

The MarketsandMarket report covers all the leading companies in the world. The key companies that develop these blockchain devices include:

  • Ledger SAS (France)
  • HTC Corporation (Taiwan)
  • Pundi X Labs Private Limited (Singapore)
  • Filament (US)
  • GENERAL BYTES R.O. (Czech Republic)
  • RIDDLE&CODE (Austria)
  • AVADO (Switzerland)
  • Sikur (US)
  • SIRIN LABS (Switzerland)
  • Blockchain Luxembourg S.A. (UK)
  • SatoshiLabs (Czech Republic)
  • Genesis Coin Inc. (US)
  • Lamassu Industries AG (Switzerland)

These devices are based on Operating Systems (OS) that allow them to easily connect with the blockchain network and that these devices are commonly used in almost all fields of corporate life.

Differences were observed between blockchain industries based in America and the United States’ policy-making authorities. North America is still reported to be on the top of this list while leading the market of blockchain devices and owning its biggest shares. North America is expected to retain its market shares for half a decade.

The United States owns over three thousand (3,507) out of over five thousand (5,594) globally installed Automated Teller Machines (ATMs) related to the Bitcoin cryptocurrency.

Crypto ATMs world wideNorth America leads the world when it comes to the market of these devices due to the early adoption of such devices by its financial institutions. This adaptation arose as a result of increasing issues faced in obtaining secure and transparent data to track transactions.