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Cryptocurrency Industry to Receive Impetus with Rising Trend for Crypto Wallets – Grand View Research, Inc.

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The global cryptocurrency industry size garnered USD 40.09 billion in 2021 and will depict a CAGR of 26.8% from 2022 to 2030, according to the “Cryptocurrency Industry Data Book, 2022 – 2030,” published by Grand View Research. The growth of cryptocurrencies from digital novelties to billion-dollar business (and potentially trillion-dollar market) is mainly attributed to the penetration of distributed ledger across gaming, healthcare, trading, e-commerce, retail and government sectors. The rising prominence of digital currencies for transparency, safety and decentralization has encouraged businesses to bank on digital assets.

Entrepreneurs and investors are gearing up to use cryptocurrencies and explore their upsides, including but not limited to: easy fund transfer, removal of a third party, bolstering control over the firm’s capital and removing single points of failure. Soaring demand for blockchain across industry verticals for instant traceability, speed, efficiency and automation will augur growth and innovation. These trends have fueled the demand for cryptocurrency exchange platforms and crypto wallets across advanced and emerging economies.

The foray of Ethereum into games and financial apps, along with the growth in the decentralized finance space, has spurred the footprint of cryptocurrency exchange platforms. Industry leaders expect the soaring footprint of non-fungible tokens (NFTs) to solidify the position of key players in the market. NFTs have become sought-after in the gaming industry to represent characters, including tradeable items and consumables. The cryptocurrency exchange platform market size stood at USD 30.18 billion in 2021 and is slated to witness a 27.8% CAGR during the forecast period. The growth is mainly due to buoyant demand for cryptocurrencies across commercial spaces for better transparency vis-à-vis cash.

Order your copy of the Free Sample of “Cryptocurrency Industry Data Book – Cryptocurrency Mining Hardware & Exchange Platform, Crypto Wallet, Cryptocurrency Payment Apps and Crypto ATM Market Size, Share, Trends Analysis, And Segment Forecasts, 2022 – 2030” Data Book, published by Grand View Research

Stakeholders are exploring opportunities in crypto wallets for unparalleled safety and security. The expanding penetration of hardware wallets and software wallets will usher in innovation across industry platforms. Hot wallets (or software wallets) have received an impetus with heightened demand for android and iOS devices. The applications of mobile apps and online wallets have furthered the footfall of hot wallets, boding well for market growth. The crypto wallet market size was pegged at USD 6.97 billion in 2021 and will observe an impressive CAGR of 24.4% over the assessment period. The growing need to manage cryptocurrency amidst surging trading of digital asset will boost the market share.

Some dynamics that are slated to encourage stakeholders to inject funds into the ecosystem are elucidated below:

  • Cryptocurrency payment apps have amassed huge traction following the legalization of digital assets across various countries. In 2021, El Salvador became the first country to adopt bitcoin as a legal tender.
  • Crypto ATMs are slated to be the mega-trend on the back of surging installation of bitcoin ATMs and easier trading options.
  • Europe could be a happy hunting ground for cryptocurrency service providers owing to soaring popularity of the digital currency across industry vertical. Currently, it is not illegal to use Bitcoin in the EU.

Go through the table of content of Cryptocurrency Industry Data Book to get a better understanding of the Coverage & Scope of the study

North America is slated to witness investment abound with the legalization of cryptocurrencies and the rising purchase of digital assets in the U.S. and Canada. The White House cited data mentioning that 16% of adult Americans have purchased digital assets and exhorted that these currencies provide opportunities to underscore the U.S. leadership in the global financial system. Moreover, the Office of Science and Technology Policy (OSTP) is expected to join forces with the NSF to initiate research on next-gen cryptography, privacy protection, cybersecurity and measures to reduce the digital assets’ environmental impact. Favorable government policies and the surging footprint of cryptocurrencies across gaming, financial, healthcare and automotive sectors could spark innovation and growth. Leading players may seek crypto to keep abreast of the trend and expand footfall in the untapped regions.

The competitive landscape alludes to the growth trajectory emphasizing organic and inorganic strategies, including technological advancements, innovation, research & development activities, product offerings, collaboration and mergers & acquisitions. To illustrate, in March 2023, Bybit announced the rollout of Mastercard-powered Bitcoin card in the EU and the U.K. Meanwhile, in February, VISA reportedly contemplated launching Bitcoin and crypto cards in the U.K. and 40 Asia Pacific countries.

Check out more Industry Data Books, published by Grand View Research

Artificial Intelligence

Slovenian Tourist Board Unveils Innovative Projects to Enhance Tourism and Sports Visibility: Audio Stories, AI-Powered Virtual Assistant, and “Slovenia – Sports Destination” Website

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LJUBLJANA, Slovenia, May 28, 2024 /PRNewswire/ — Slovenia is a land of countless natural beauties, cultural treasures, top health and wellness resorts and superb gastronomy, which the Slovenian Tourist Board aims to showcase to visitors in an innovative and attractive way. To achieve this, the Board continually analyzes current marketing trends and develops projects designed to excite tourists, spark their curiosity and inspire them to explore further.

By staying at the forefront of marketing strategies, the Slovenian Tourist Board ensures that the country’s unique attractions are presented in the most engaging and appealing manner possible. The most recent projects to boost Slovenia’s visibility include three new projects: Sounds Like Slovenia, a series of audio stories, an AI-powered virtual assistant named Alma on slovenia.info and the “Slovenia – Sports Destination” website.
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Meet Alma, an AI-powered virtual assistant
Alma, named after the adventurous traveller and writer Alma M. Karlin, operates using advanced AI technology, filtering content to suit user interests. She sources reliable information from the slovenia.info database and over 50 verified websites of Slovenian tourist destinations and providers. As one of the first AI assistants in Slovenian tourism, and among the few AI assistants integrated in national tourism organizations’ websites in Europe, Alma positions slovenia.info as a reliable source of information and inspiration for international visitors.
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Slovenia – Sports Destination Website
The Slovenia–Sports Destination website serves as a comprehensive resource for organizing sports activities and events, conferences, rehabilitation and inspiration, available in both Slovenian and English. Sports agencies, clubs, and event organizers can use the portal to connect directly with relevant partners in Slovenia. The website also provides direct contacts for specialized sports agencies and federations, assisting with the organization of preparatory matches and other logistical needs. Information on sports accommodations is also available.
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Sounds Like Slovenia 
Thematic playlists on Spotify and sound stories on slovenia.info provide an immersive audio experience of Slovenia’s landscapes and cultural offerings. Themes are categorized into five categories: the Sounds of Nature, Thrilling Outdoor Adventures, Cities and Culture, Health and Well-Being, and Gastronomy. Crafted for the global digital campaign, the audio list aims to captivate travelers worldwide.
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Together, these projects demonstrate Slovenia’s dedication to innovation and sustainability in tourism, offering visitors unforgettable experiences in this vibrant European destination with a green heart.
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Winners of Huawei ICT Competition 2023-2024 Global Final Announced

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SHENZHEN, China, May 28, 2024 /PRNewswire/ — On May 26, the closing and awards ceremony of the Huawei ICT Competition 2023–2024 Global Final was held in Shenzhen. This year’s competition attracted more than 170,000 students from over 2,000 universities and colleges across more than 80 countries and regions, making it the largest offline competition since its launch. More than 160 teams, adding up to a total of 470 contestants from 49 different countries and regions, made it through national and regional competitions to reach this year’s global final, held in Shenzhen May 23-26.

After fierce competition, 19 teams from nine countries (Algeria, China, Nigeria, Pakistan, Poland, the Philippines, Tanzania, Türkiye, and Uganda) won the Grand Prizes of the Practice and Innovation Competitions. The Best Social Media Popularity Award was won by a team from Pakistan. The Green Development Award was won by two teams from China and Morocco. The Women in Tech Award was granted to four teams from Kenya, Malaysia, Morocco, and Uganda. And the TECH4ALL Digital Inclusion Award was won by two teams from China and the Philippines.
Zhou Hong, President of Huawei’s Institute of Strategic Research, said: “To make sure everyone can truly enjoy the benefits of digitalization while such technologies are making radical progress, Huawei believes it is crucial to guarantee that digital technologies are accessible to all.”
Stefania Giannini, UNESCO Assistant Director-General for Education, said in a video message:,”UNESCO works to uphold the basic rights and agency of every learner and teacher when using digital technology and AI, and promote an inclusive, equitable, open, and secure digital future for all. Many thanks to our partners like Huawei for their longstanding support.”
Ritchie Peng, President of Huawei’s ICT Strategy and Business Development Department, stated: “ICT is the cornerstone of the intelligent world. Through the Huawei ICT Competition, we aim to provide students with a global platform to compete and exchange ideas.”
On the same day, Huawei also held the ICT Accelerating Education Transformation Summit. At the summit Huawei awarded 24 instructors the title “Huawei ICT Academy Global Most Valuable Instructor.” The awards, given out for the first time this year, aims to show gratitude for the important contributions the instructors have made to talent development, and mark them as role models showing how the brightest minds can grow even brighter. These role models will help drive sustainable development of the ICT talent ecosystem.
The Huawei ICT Competition is an annual contest held by Huawei for global university and college students. Through the competition, Huawei aims to provide students with an international platform for healthy competition and exchange of ideas. Since its launch in 2015, the competition has helped students enhance their ICT knowledge and practical skills, while also increasing their ability to innovate by using new technologies and platforms. The ultimate goal is to advance technological development and facilitate digital inclusion around the world.
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NEXCOM, CTOne, and Vertex Join Forces to Enhance Private Network Security

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TAIPEI, May 28, 2024 /PRNewswire/ — NEXCOM, a leading supplier of network solutions, CTOne, a global cybersecurity leader in communication technology, and Vertex, a professional system integrator of 5G private network, join forces for groundbreaking POC targeted to advance 5G private network security within semiconductor manufacturing site framework. Designed to address the specific cybersecurity challenges common in OT networks, collaborative solution offers unparalleled protection, and seamless integration into existing network architectures with minimal disruption to operations during deployment.

Improved Network Security
NEXCOM’s 1U Edge server, the TCA 5170, delivers scalable performance and advanced cybersecurity features, empowering manufacturers with robust OT network protection. Leveraging cutting-edge technologies, the TCA 5170 accelerate encryption and decryption processes, ensures authentication and real-time threat detection, safeguarding private networks against evolving cyber threats. Its scalability makes it ideal for deployments of all sizes, from smaller production lines to semiconductor giants, providing comprehensive security solutions for diverse industrial needs.
More Visibility, Easier Management
The integrated solution simplifies the management of complex OT networks, enabling IT teams to efficiently monitor and manage network security while optimizing resource utilization. CTOne’s virtualized private 5G security software, installed on TCA 5170 and deployed at strategic points at the semiconductor manufacturing site, integrates seamlessly across IT and CT networks to deliver full visibility with real-time monitoring of data traffic. Combined with CTOne’s built-in 5G protection capabilities, the solution enable immediate interception and isolation of threats while supporting a Zero Trust strategy.
“This collaboration has been pivotal in delivering a comprehensive cybersecurity solution for semiconductor manufacturing sites,” said Ming-Yang, Yi, senior manager of AMEA business development group of CTOne. “By integrating our advanced 5G visibility and security capabilities with NEXCOM’s TCA 5170, we’ve created a robust solution that enhances data protection and optimizes operational efficiency of private 5G networks.”
“Working alongside NEXCOM and CTOne has allowed us to deliver a truly comprehensive cybersecurity solution for private 5G network,” said Willis Fu, Technical Director at Vertex. “Bringing together NEXCOM’s TCA 5170 and CTOne’s Mobile Network Security solution ensures seamless protection of the private 5G network, providing our end customer with peace of mind and confidence in their operations.”
“The TCA 5170 is a compact 1U server that offers different configurations and scalable performance, allowing our ecosystem partners to easily adapt and run their applications for deployments of all scales,” said Jennifer Lan, Sales & Marketing Director of Network & Communication Solutions at NEXCOM. “Our successful collaboration with CTOne and Vertex underscores our commitment to providing top-tier security and operational efficiency for our clients.”
Read full Case Study: Security-Solution-to-Protect-Private-Networks-at-Semiconductor-Facilities.pdf (nexcom.com)
This joint solution can be experienced firsthand at upcoming exhibitions:
May 29 – May 31, 2024, CommunicAsia 2024, Singapore, Singapore EXPO, Hall 4, booth 4E3-14June 26  – June 28, 2024, COMNEXT, Japan, Tokyo, Tokyo Big Sight, South Hall, Booth 9-14About NEXCOM
Founded in 1992 and headquartered in Taipei, Taiwan, NEXCOM integrates its diverse capabilities and operates six global businesses, including the Network and Communication Solutions (NCS) unit. NCS focuses on the latest network technology and helps to build reliable network infrastructure, by delivering professional design and manufacturing services for customers all over the world. NCS’s network application platform is widely adopted in Cyber Security, Load Balancing, 5G uCPE, SD-WAN, SASE, Edge Computing, OT Security, Storage, NVR, and other network applications for businesses of all sizes.
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