The Latin America, Middle East and Africa Blockchain Devices Market should witness market growth of 42.3% CAGR during the forecast period (2022-2028).
The market has a lucrative growth potential as a result of a number of driving factors, such as the increasing visibility of blockchain technology's advantages in the financial sector, the technology's quick development in applications for retail and supply chain management. Also, the growth of cryptocurrencies, capitalization, and initial coin offerings (ICO), and a number of other characteristics related to blockchain technology are supporting the overall market growth.
To accelerate the expansion of cryptocurrency exchanges, most nations are investing in businesses for crypto ATMs. As a result, these firms are receiving millions in venture capital funding, demonstrating that the market for crypto ATMs will expand rapidly over the next few years. Also, because cryptocurrency ATMs are an excellent way to make money and offer a higher return on investment, investors are interested in investing in these firms.
BFSI digitalization trends have been closely and quickly followed in the UAE. When it comes to cutting-edge banking trends and technology, the United Arab Emirates and the Middle East area as a whole are developing and flourishing markets. The Middle East has a lot of unrealized potentials and is in a great position to take the lead in driving developments in digital banking. The necessity for digital services to suit their needs is becoming increasingly apparent in Middle Eastern countries. They are loosening current laws and regulations to adapt to the shifting market trends. The rules must be modified to reflect the new standard of cashless transactions. This would contribute to the market for blockchain devices growing even further.
The Brazil market dominated the LAMEA Blockchain Devices Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $62.9 million by 2028. The Argentina market is experiencing a CAGR of 43.1% during (2022-2028). Additionally, The UAE market would exhibit a CAGR of 41.9% during (2022-2028).
Based on Connectivity, the market is segmented into Wired and Wireless. Based on Component, the market is segmented into Hardware Wallets, Crypto ATMs, Blockchain Smartphones, PoS Devices, Blockchain IoT Gateways, and Others. Based on End-user, the market is segmented into Consumer, Travel & Hospitality, Automotive, IT & Telecommunication, BFSI, Retail & E-commerce, Government, and Others. Based on Application, the market is segmented into Corporate and Personal. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Samsung Electronics Co., Ltd. (Samsung Group), HTC Corporation, Infineon Technologies AG, Pundi X Labs Pte Ltd, Riddle & Code GmbH, Ledger SAS,GENERAL BYTES S.R.O., Satoshi LABS, Bitaccess, Inc., and AVADO AG.
The market has a lucrative growth potential as a result of a number of driving factors, such as the increasing visibility of blockchain technology's advantages in the financial sector, the technology's quick development in applications for retail and supply chain management. Also, the growth of cryptocurrencies, capitalization, and initial coin offerings (ICO), and a number of other characteristics related to blockchain technology are supporting the overall market growth.
To accelerate the expansion of cryptocurrency exchanges, most nations are investing in businesses for crypto ATMs. As a result, these firms are receiving millions in venture capital funding, demonstrating that the market for crypto ATMs will expand rapidly over the next few years. Also, because cryptocurrency ATMs are an excellent way to make money and offer a higher return on investment, investors are interested in investing in these firms.
BFSI digitalization trends have been closely and quickly followed in the UAE. When it comes to cutting-edge banking trends and technology, the United Arab Emirates and the Middle East area as a whole are developing and flourishing markets. The Middle East has a lot of unrealized potentials and is in a great position to take the lead in driving developments in digital banking. The necessity for digital services to suit their needs is becoming increasingly apparent in Middle Eastern countries. They are loosening current laws and regulations to adapt to the shifting market trends. The rules must be modified to reflect the new standard of cashless transactions. This would contribute to the market for blockchain devices growing even further.
The Brazil market dominated the LAMEA Blockchain Devices Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $62.9 million by 2028. The Argentina market is experiencing a CAGR of 43.1% during (2022-2028). Additionally, The UAE market would exhibit a CAGR of 41.9% during (2022-2028).
Based on Connectivity, the market is segmented into Wired and Wireless. Based on Component, the market is segmented into Hardware Wallets, Crypto ATMs, Blockchain Smartphones, PoS Devices, Blockchain IoT Gateways, and Others. Based on End-user, the market is segmented into Consumer, Travel & Hospitality, Automotive, IT & Telecommunication, BFSI, Retail & E-commerce, Government, and Others. Based on Application, the market is segmented into Corporate and Personal. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Samsung Electronics Co., Ltd. (Samsung Group), HTC Corporation, Infineon Technologies AG, Pundi X Labs Pte Ltd, Riddle & Code GmbH, Ledger SAS,GENERAL BYTES S.R.O., Satoshi LABS, Bitaccess, Inc., and AVADO AG.
Scope of the Study
By Connectivity
- Wired
- Wireless
By Component
- Hardware Wallets
- Crypto ATMs
- Blockchain Smartphones
- PoS Devices
- Blockchain IoT Gateways
- Others
By End-user
- Consumer
- Travel & Hospitality
- Automotive
- IT & Telecommunication
- BFSI
- Retail & E-commerce
- Government
- Others
By Application
- Corporate
- Personal
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Samsung Electronics Co., Ltd. (Samsung Group)
- HTC Corporation
- Infineon Technologies AG
- Pundi X Labs Pte Ltd
- Riddle & Code GmbH
- Ledger SAS
- GENERAL BYTES S.R.O.
- Satoshi LABS
- Bitaccess, Inc.
- AVADO AG
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Blockchain Devices Market, by Connectivity
1.4.2 LAMEA Blockchain Devices Market, by Component
1.4.3 LAMEA Blockchain Devices Market, by End User
1.4.4 LAMEA Blockchain Devices Market, by Application
1.4.5 LAMEA Blockchain Devices Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Blockchain Devices Market by Connectivity
3.1 LAMEA Wired Market by Country
3.2 LAMEA Wireless Market by Country
Chapter 4. LAMEA Blockchain Devices Market by Component
4.1 LAMEA Hardware Wallets Market by Country
4.2 LAMEA Crypto ATMs Market by Country
4.3 LAMEA Blockchain Smartphones Market by Country
4.4 LAMEA PoS Devices Market by Country
4.5 LAMEA Blockchain IoT Gateways Market by Country
4.6 LAMEA Others Market by Country
Chapter 5. LAMEA Blockchain Devices Market by End User
5.1 LAMEA Consumer Market by Country
5.2 LAMEA Travel & Hospitality Market by Country
5.3 LAMEA Automotive Market by Country
5.4 LAMEA IT & Telecommunication Market by Country
5.5 LAMEA BFSI Market by Country
5.6 LAMEA Retail & E-commerce Market by Country
5.7 LAMEA Government Market by Country
5.8 LAMEA Other End User Market by Country
Chapter 6. LAMEA Blockchain Devices Market by Application
6.1 LAMEA Corporate Market by Country
6.2 LAMEA Personal Market by Country
Chapter 7. LAMEA Blockchain Devices Market by Country
7.1 Brazil Blockchain Devices Market
7.1.1 Brazil Blockchain Devices Market by Connectivity
7.1.2 Brazil Blockchain Devices Market by Component
7.1.3 Brazil Blockchain Devices Market by End User
7.1.4 Brazil Blockchain Devices Market by Application
7.2 Argentina Blockchain Devices Market
7.2.1 Argentina Blockchain Devices Market by Connectivity
7.2.2 Argentina Blockchain Devices Market by Component
7.2.3 Argentina Blockchain Devices Market by End User
7.2.4 Argentina Blockchain Devices Market by Application
7.3 UAE Blockchain Devices Market
7.3.1 UAE Blockchain Devices Market by Connectivity
7.3.2 UAE Blockchain Devices Market by Component
7.3.3 UAE Blockchain Devices Market by End User
7.3.4 UAE Blockchain Devices Market by Application
7.4 Saudi Arabia Blockchain Devices Market
7.4.1 Saudi Arabia Blockchain Devices Market by Connectivity
7.4.2 Saudi Arabia Blockchain Devices Market by Component
7.4.3 Saudi Arabia Blockchain Devices Market by End User
7.4.4 Saudi Arabia Blockchain Devices Market by Application
7.5 South Africa Blockchain Devices Market
7.5.1 South Africa Blockchain Devices Market by Connectivity
7.5.2 South Africa Blockchain Devices Market by Component
7.5.3 South Africa Blockchain Devices Market by End User
7.5.4 South Africa Blockchain Devices Market by Application
7.6 Nigeria Blockchain Devices Market
7.6.1 Nigeria Blockchain Devices Market by Connectivity
7.6.2 Nigeria Blockchain Devices Market by Component
7.6.3 Nigeria Blockchain Devices Market by End User
7.6.4 Nigeria Blockchain Devices Market by Application
7.7 Rest of LAMEA Blockchain Devices Market
7.7.1 Rest of LAMEA Blockchain Devices Market by Connectivity
7.7.2 Rest of LAMEA Blockchain Devices Market by Component
7.7.3 Rest of LAMEA Blockchain Devices Market by End User
7.7.4 Rest of LAMEA Blockchain Devices Market by Application
Chapter 8. Company Profiles
8.1 Samsung Electronics Co., Ltd. (Samsung Group)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent Strategies and Development
8.1.5.1 Product Launches and Product Expansions:
8.1.6 SWOT Analysis
8.2 HTC Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.3 Infineon Technologies AG
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.4 Pundi X Labs Pte Ltd
8.4.1 Company Overview
8.4.2 Recent strategies and developments:
8.4.2.1 Partnerships, Collaborations, and Agreements:
8.4.2.2 Product Launches and Product Expansions:
8.5 Riddle & Code GmbH
8.5.1 Company Overview
8.5.2 Recent strategies and developments:
8.5.2.1 Partnerships, Collaborations, and Agreements:
8.6 Ledger SAS
8.6.1 Company Overview
8.7 GENERAL BYTES S.R.O.
8.7.1 Company Overview
8.8 Satoshi LABS
8.8.1 Company Overview
8.9 Bitaccess, Inc.
8.9.1 Company Overview
8.10. AVADO AG
8.10.1 Company Overview
Companies Mentioned
- Samsung Electronics Co., Ltd. (Samsung Group)
- HTC Corporation
- Infineon Technologies AG
- Pundi X Labs Pte Ltd
- Riddle & Code GmbH
- Ledger SAS
- GENERAL BYTES S.R.O.
- Satoshi LABS
- Bitaccess, Inc.
- AVADO AG
Methodology
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