The global hardware wallet market was valued at USD 178.20 million in 2019, and it is expected to be valued at USD 661.23 million by 2025, registering a CAGR of 26.72%, during 2020-2025
Hardware wallets are the physical devices that store private keys for cryptocurrencies offline in an encrypted device. Private keys in these wallets are required while spending cryptocurrencies and the wallets enable traders to store the keys safely, while protecting the information.