Blockchain devices including crypto ATMs to grow to $2.4B by 2026

Blockchain devices, including hardware wallets, blockchain smartphones, cryptocurrency ATMs and others will grow from $482 million in 2021 to $2.459 billion by 2026. It will also grow at a compound annual growth rate of 38.5% during the forecasted period, according to a report by MarketsandMarkets.

The primary drivers of this market include growing awareness of blockchain adoption and development of blockchain technology in retail and supply chain applications. Other findings of the report include:

• Hardware wallets will hold largest market share.
• The market for wireless blockchain devices will grow at the highest rate.
• The U.S. will dominate the market during the forecasted period.

Source: ATM Marketplace