The hardware wallet market has witnessed significant growth over the years, driven by the increasing adoption of cryptocurrencies and the need for secure storage solutions. A hardware wallet is a physical device designed to securely store private keys used to access and manage cryptocurrencies. It offers enhanced security compared to software wallets by keeping the private keys offline and protected from online threats.

The global Hardware Wallet Market has experienced rapid expansion, thanks to the growing popularity of cryptocurrencies such as Bitcoin, Ethereum, and others. The market size reached USD 171.5 million in 2020 and is expected to reach USD 661.0 million by 2028, with a CAGR of 18.6% during the forecast period (2021-2028).

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