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Blockchain Devices Market to Transcend USD 15696.22 Million, Growing Need for Decentralization Slated to Fuel Development | SkyQuest Technology

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WESTFORD, Mass., July 4, 2024 /PRNewswire/ — According to SkyQuest, the global Blockchain Devices Market size was valued at USD 621.83 Million in 2022 and is poised to grow from USD 890.15 Million in 2023 to USD 15696.22 Million by 2031, growing at a CAGR of 43.15% in the forecast period (2024-2031).

The growing use of Blockchain technology around the world is projected to bolster the demand for blockchain devices as well. Rising use of cryptocurrencies and rising integration of Blockchain in multiple aspects of day-to-day lives are also estimated to be key factors driving blockchain devices market development in the future. Growing digital asset ownership on a global level is also forecasted to create new opportunities for blockchain device providers going forward. The global blockchain devices market is segmented into Blockchain type, type, connectivity, application, end user, and region.

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Blockchain Devices Market Overview: 

Report Coverage

Details

Market Revenue in 2023

$ 890.15 million

Estimated Value by 2031

$ 15696.22 million

Growth Rate

Poised to grow at a CAGR of 43.15%

Forecast Period

2024–2031

Forecast Units

Value (USD Million)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Type of Blockchain, Type, Connectivity, End-user, and Application

Geographies Covered

North America, Europe, Asia Pacific, Middle East & Africa, Latin America

Report Highlights

Development of novel blockchain AI solutions that give benefits of both technologies involved

Key Market Opportunities

Rapid Growth in Digital Asset Ownership

Key Market Drivers

Increasing Adoption of Blockchain Technology

Segments covered in Blockchain Devices Market are as follows:

Type of BlockchainPublic Blockchain, Private Blockchain, Hybrid BlockchainTypeHardware Wallets (Crypto Hardware Wallets, Car Wallets, Smart Cards), Blockchain Smartphones, PoS Devices, Crypto ATMs (One-way Crypto ATMs, Two-way Crypto ATMs), Blockchain IoT Gateways, Other Blockchain DevicesConnectivityWired, WirelessEnd-UserBFSI, Government, Retail & E-commerce, Travel & Hospitality, Automotive, Transportation & Logistics, IT & Telecommunication, and OthersApplicationPersonal, Corporate (Enterprise Size [Large enterprises, Small and medium-sized enterprises])

Request Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/blockchain-devices-market

Public Blockchains to Remain Popular Owing to their High Transparency and Accessibility

Most blockchain devices run on public Blockchain networks as they are highly accessible and transparent.  These types of Blockchain networks are open to everyone and highly affordable for blockchain devices manufacturers as well. High demand for decentralization around the world is forecasted to create an opportune setting for market players through this segment going forward.

Meanwhile, the demand for blockchain devices based on private and hybrid Blockchain networks is projected to reach new heights by the end of the study period. Better scalability, faster transaction times, and enhanced security are some key features of these two Blockchain types that will push their demand and popularity in the future. Enterprises and organizations are forecasted to opt for devices operating on private Blockchain networks to improve their security whilst hybrid Blockchain networks will be popular among consumer-oriented applications.

Corporate Applications to Propel Sales of Blockchain Devices Owing to Decentralization of Multiple Industry Verticals

The emphasis on decentralization has increased on a global level and this trend has completely changed the way the corporate sector is using Blockchain technology. From large enterprises to small and medium ones, all companies are focusing on utilizing Blockchain technology to improve the security and transparency of their operations, which in turn, is slated to benefit blockchain device demand outlook.

Personal use of blockchain devices is slow, which is why not many companies target the development of them. New companies can explore this segment if they wish to penetrate the market without dealing with leading companies. However, getting the strategy and product right will be highly essential for success through this segment.

View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/blockchain-devices-market

Wireless Blockchain Devices to Rule Future with Advancements in Connectivity Technologies

In an increasingly wireless world, it would not make sense to make wired blockchain devices. This is why all blockchain device manufacturers should focus on creating wireless blockchain devices for the future. Advancements in wireless connectivity technologies and growing emphasis on making the world wireless will set the tone for lucrative revenue generation for market players through this segment. 

The global blockchain devices market is still in the initial stages of development and provides several opportunities for upcoming as well as established companies. Innovation and use of creative marketing strategies will be common strategies for all blockchain device providers going forward. Blockchain devices based on hybrid Blockchain networks will be highly popular by the end of the forecast period but at present most devices are operated on public Blockchain networks.

Related Report:

Blockchain Market

Blockchain as a Service Market

Blockchain in Healthcare Market

Cryptocurrency Market

Blockchain In Manufacturing Market

About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.

Contact:

Mr. Jagraj Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/

Logo: https://mma.prnewswire.com/media/2446095/SkyQuest_Logo.jpg

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Huawei Launches Over 20 All-New Xinghe Intelligent Network Offerings to Amplify Industrial Intelligence

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SHANGHAI, Sept. 21, 2024 /CNW/ — During HUAWEI CONNECT 2024, Leon Wang, President of Huawei’s Data Communication Product Line, announced more than 20 all-new Xinghe Intelligent Network offerings globally at the summit themed “Xinghe Intelligent Network, Amplify Industrial Intelligence”. These purpose-built offerings contribute to an AI network ecosystem and help customers seize opportunities for intelligent development and maximize intelligent productivity.

With the development of AI technologies, the world is advancing from digital transformation to intelligent transformation. All industries are quickly adopting AI technologies to create new use cases, for example, self-driving cars, intelligent diagnosis and treatment, and intelligent train inspection. All of these are significantly improving the efficiency and experience of our work and daily lives.

The advent of the intelligent era is driving networks into intelligent ones. Huawei has been making joint efforts with partners to lead research and practices of intelligent networks. That’s why Huawei constantly upgrades its Xinghe Intelligent Network offerings to help customers grasp opportunities for intelligent development, build new intelligent network infrastructure, and maximize intelligent productivity in the intelligent era. Key highlights include the following:

Xinghe Intelligent Campus focuses on AI-enabled, experience-centric campus network construction, ensuring zero freezing for audio and video applications, zero degradation on services, and zero waiting for interactions.Xinghe Intelligent WAN introduces a wide range of intelligent technologies to intelligently schedule millions of flows and precisely optimize service experience.Xinghe Intelligent Fabric adopts the AI Turbo engine to improve network throughput, enhancing foundation model training efficiency.Xinghe Intelligent Network Security integrates AI technologies into network security detection, accurately and rapidly identifying threats.

To support network solutions in various scenarios, Huawei released more than 20 featured offerings globally. Examples include the industry’s first 100 Tbps fixed-form Ethernet data center switch, the industry’s first 51.2 Tbps liquid-cooled fixed-form data center switch, the industry’s first AI router, high-quality 10 Gbps campus switches and Wi-Fi 7 APs, Intelligent SASE Branch Security Solution, and the industry’s first IP Autonomous Driving Network Solution. All these offerings are designed to help customers with greater business returns.

As the intelligent era calls for intelligent networks, Huawei will continue to drive the development of intelligent networks and upgrade its Xinghe Intelligent Network products and solutions, ultimately helping global customers to stride towards the intelligent era and reap more benefits.

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SOURCE Huawei

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HUAWEI CONNECT 2024 | Huawei Unveils the Brand-New Xinghe Intelligent Fabric Solution, Powering the AI Era

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SHANGHAI, Sept. 21, 2024 /PRNewswire/ — At HUAWEI CONNECT 2024, over 300 industry leaders, experts, and scholars gathered for the data center network session themed “Xinghe Intelligent Fabric, Powering the AI Era.” The event featured discussions on the evolution and technological advancements of data center networks. During the session, Arthur Wang, President of Data Center Network Domain at Huawei’s Data Communication Product Line, introduced the newly upgraded Xinghe Intelligent Fabric solution. This cutting-edge solution aims to establish a data center network characterized by one map for intelligent operations and maintenance (O&M), one network for diverse computing, and one platform for simplified deployment, providing a robust network infrastructure to support enterprises’ digital and intelligent transformations.

In his keynote speech, Arthur Wang outlined the emerging trends in data center network development. He emphasized that in the AI era, data center networks require both a “brilliant brain” and “resilient bones.” The newly launched Xinghe Intelligent Fabric solution is designed to deliver a powerful network infrastructure tailored for the AI era, featuring:

One Map for Intelligent O&M: Zero Management Concerns

Huawei’s exclusive network digital map enables rapid cross-data center and cross-vendor fault identification within minutes. Additionally, the NetMaster network large model facilitates AI-driven O&M, eliminating manual intervention and ensuring zero management concerns.

One Network for Diverse Computing: Zero Service Interruptions

The Xinghe Intelligent Fabric supports various application scenarios, including intelligent computing, general-purpose computing, and storage. The innovative Network Scale Load Balancing (NSLB) algorithm increases network throughput to 95% and boosts AI training efficiency by over 10%. With the exclusive iReliable three-level fast switchover capability, it achieves sub-millisecond switchover, guaranteeing zero service interruptions.

One Platform for Simplified Deployment: Zero Configuration Errors

By employing digital twins to simulate networks in advance and verify configurations post-deployment, the solution ensures 100% accuracy in network changes. By harnessing network-security convergence capabilities, AI creates an intelligent security matrix to analyze millions of security policies, achieving zero configuration errors.

Looking ahead, Huawei will continue to collaborate with industry partners to enhance research and innovation in data center networks, promote intelligent upgrades, and create greater value for the industry.

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SOURCE Huawei

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Cultivating a Culture of Peace: International Day of Peace Statement by Education Cannot Wait Executive Director Yasmine Sherif

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NEW YORK, Sept. 21, 2024 /CNW/ — The longing for peace transcends time, geography and religion. Based on justice, human rights and universal values outlined in the UN Charter, a culture of peace brings us all together in our common agenda for humanity. We can only co-exist by aligning ourselves with such a world order.

On today’s International Day of Peace, we call on world leaders to end conflict and embrace a culture of peace as enshrined in the UN Charter and related international law.

As the UN General Assembly outlined in the Declaration and Programme of Action on a Culture of Peace  a quarter of a century ago, this must include: “Respect for life, human rights and fundamental freedoms; the promotion of non-violence through education, dialogue and cooperation; commitment to peaceful settlement of conflicts; and adherence to freedom, justice, democracy, tolerance, solidarity, cooperation, pluralism, cultural diversity, dialogue and understanding at all levels of society and among nations.”

Educating for peace starts at home and continues in school through years of education. This takes place during the most formative years of a child learning about their identity, ethics, values, conscience, courage and compassion. Wherever there has been a failure in imparting on children the imperative for peace, the world is turned upside down. This is a global failure with no geographical boundaries.

Today, we live in a world of unprecedented violence, armed conflict and chaos. All the genuine and heartfelt commitments made in 1945 in the UN Charter seem to be fading away. Children and adolescents are the most vulnerable, the least protected, and the most impacted. They bear the brunt. 

Global conflicts killed three times as many children in 2023 than in the previous year, according to the United Nations. The number of forcibly displaced people reached an unprecedented 120 million in May 2024.

“In 2023, the United Nations verified a record 32,990 grave violations against 22,557 children in 26 conflict zones, a 35% increase from the previous year,” according to recent analysis by the UN.

We can end these violations and invest in a constructive co-existence globally. We can use our resources for education, rather than for wars. In classrooms around the world, girls and boys who have withstood the wrath of war can rebuild their hopes and their lives. Cultivating a culture of peace is possible. The financial resources exist. The choice as to how we use them is ours.

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SOURCE Education Cannot Wait

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