Increase in digitalization in financial organizations and large companies, surge in investments for cryptocurrency, and simplification of the process for purchasing cryptocurrency fuel the growth of the global crypto asset management market. However, lack of skilled security professionals and high implementation cost restrain the market growth. Contrarily, untapped potential in emerging economies presents new opportunities in the new few years.
The global crypto asset management market garnered $0.67 billion in 2020, and is expected to garner $9.36 billion by 2030, manifesting a CAGR of 30.2% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, key segments, value chain, regional scenario, top investment pockets, and competitive landscape.
Crypto asset management is a type of tool, which assists retail investors to keep a track of each of their transactions while purchasing a crypto currency. In addition, as cryptocurrencies continue to attract new users, more companies are becoming aware of the need for straightforward tools designed to manage crypto portfolios for traders, which drives the growth of the market.
Crypto asset management is adopted in various organizations to manage account of group of people and to provide the user with enhanced functions, which include high-quality token, complexity-free offerings, and customized investment programs for high-net-worth individuals. Furthermore, the key factor that drives the crypto asset management market trends includes increase in investment and adoption of cryptocurrency and growth in digitalization in financial organization and large companies.
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Segmental review of the crypto asset management market:
The report offers detailed segmentation of the global crypto asset management market based on offering, application type, mobile operating system, end user, industry vertical, and region.
By offering, the wallet management solution segment accounted for the largest market share, contributing to nearly three-foruths of the global crypto asset management market in 2020, and is projected to maintain its leadership status during the forecast period. However, the custodian solutions segment is expected to portray the largest CAGR of 32.7% from 2021 to 2030.
By deployment model, the on-premise segment contributed to the highest share in 2020, accounting for nearly three-fifths of the total market share, and is expected to maintain its lead during the forecast period. However, the cloud segment is projected to witness the highest CAGR of 33.1% from 2021 to 2030.
By region, North America held the highest share in 2020, contributing to more than two-fifths of the total market, and is expected to continue its dominance by 2030. However, Asia-Pacific is projected to witness the fastest CAGR of 33.5% during the forecast period. Other provinces studied in the report include LAMEA and Europe.
By end user, the individual segment garnered the largest crypto asset management market share, and is expected to maintain its dominance in the upcoming years owing to growing craze of crypto currency among the individual of developing nations across Asia-Pacific and LAMEA. However, the enterprise segment is expected to witness highest growth, owing to growing adoption of crypto currency among the enterprises for managing large customer base and to provide enhance customer experience.
Leading players of the global crypto asset management market analyzed in the research include Bakkt, BitGo., Coinbase, Crypto Finance AG, Gemini Trust Company, LLC, ICONOMI Limited, Paxos Trust Company, LLC., Ledger SAS, Metaco, and Xapo Holdings Limited.
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