The Crypto Wallet Market is Projected to Grow by $686 Million by 2026
A new report by market research firm Technavio predicts that the crypto wallet market will experience significant growth, reaching a value of over $686 million by 2026. This growth is primarily driven by the increasing interest in digital currencies, which offer faster and more cost-effective bank transfers. Additionally, the surge in e-commerce, higher currency transactions in low-income nations, and a rise in international remittances are contributing to the market’s expansion.
Crypto Wallet Geography
The crypto wallet market is divided into software-based and hardware-based wallets, with North America leading in market share at 41%. The software-based wallet segment is expected to grow significantly due to its user-friendly online operation, making transactions and storage of cryptocurrencies more accessible. The emergence of new players and increasing demand in North America contribute to its dominant position in the market.
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