Recently Data Bridge Market Research evaluated the global market for Blockchain Smartphones. We tell you!
Blockchain Smartphones Market by 2027
The press release was published by GlobeNewswire this week offering the most important findings of the investigation.
As many of us know, the market for Blockchain smartphones is quite small. In fact, the reality is that, at the beginning of 2018, there was no market.
Little by little, as well as crypto and Blockchain technology itself, it grew. Then you had a market where you could choose between five different models. However, it is still a market that is taking its first steps and, therefore, it is so important to study them in detail.
The market research draws attention to the key market dynamics of the Blockchain Smartphones sector.
Overall, Data Bridge research provides analysis and forecasting of the market, as well as its catalysts and constraints and market share.
Forecast 2020 – 2027
The researchers concluded that the industry in question is expected to see growth in its market of 42.1% in said period.
In itself, this forecast is based on the «Growing demand for blockchain solutions, the growing adoption of she in retail and supply chain management, increasing market capitalization for cryptocurrency…«, the report noted.
But just as there are key catalysts, the constraints do exist and are basically ‘poor awareness and uncertain regulations and enforcement’.
These elements are key constraints for the growth of the Blockchain Smartphones market. Also, a challenge posed by the research are issues related to security, privacy and control.
The research found that the top industry players are Samsung Group, Pundi X Labs and HTC.
The research covered countries in North America, South America, Europe and Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, the Philippines, Rest of Asia-Pacific. In addition to Saudi Arabia, United Arab Emirates, South Africa, Egypt, Israel, Rest of the Middle East and Africa.
In this way, they found that North America is the market leader for Blockchain Smartphones. The reason is that basically “They have the accessibility to implement and manage information through the blockchain network in the region …”the report explained.
However, they expect Asia-Pacific to grow in the 2020-2027 forecast period as a result of incentives for Blockchain development in the area.