The international market for cryptocurrency hardware wallets could grow nearly 300 percent over the next five years according to a new analysis out this month from market research store Research and Markets.

The report, which projected potential growth over the next half decade, said the hardware wallet market could surge from its 2018 valuation of $129 million USD to around $496 million by the end of 2024.

The rising prominence of hardware wallets has coincided with the rising popularity of cryptocurrencies. After a boon of new digital currency adopters entered the ecosystem amid the 2017 bull run, some users found out the hard way that mishaps, faulty memories, and hackers can cost you your coins. As such, the hardware wallet industry has rapidly bloomed in offering experts and novices alike a streamlined means for securely storing crypto-assets offline.

The Research and Markets report highlighted the cryptoeconomy’s peak market capitalization to date of $800 billion last January as a sign that there’s still plenty of…

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Source: https://thebitcoinnews.com/report-cryptocurrency-hardware-wallet-market-could-reach-500-million-by-2024/