Crypto Asset Management Market

The Crypto Asset Management Market is poised to expand at an annual rate of 21.1% over the forecast period due to the expansion of the asset management industry and the growing focus of government agencies and financial institutions on crypto asset management.

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Crypto asset management is a platform that ensures the safety of funds by helping investors to manage cryptocurrencies. Cryptocurrencies have gained huge prominence, thereby driving the crypto asset management market. Rapid digitalization, an increase in the number of cryptocurrency users, and raising awareness about crypto funds are some of the prominent factors fuelling the market growth. As per triple-A, more than 300 million cryptocurrency users were reported in 2021. Further, the increasing adoption of the software by central security depositories and custodian banks for effective incorporation of crypto assets with conventional financial asset management systems will bolster the crypto asset management market size. With the accelerating penetration of smartphones and the internet, users can easily access crypto assets through different devices.

The evolution of blockchain technology offers various business applications across different end-use industries, such as offering higher safety for digital assets and cryptocurrencies. Various financial institutions use blockchain to transit cryptocurrency and digital assets over the internet environment. Thus, the growing espousal of blockchain technology stimulates the growth of cryptocurrencies, thus raising crypto asset management market growth.

A lack of awareness and technical competence among people may hamper the market growth. In 2020, the coronavirus outbreak disturbed the overall framework of traditional investments. However, digital currencies became more captivating, which surged the use of digital money. For example, the deflationary nature of bitcoins made them an attractive investment option to fight against the economic crisis.

Asia Pacific region is projected to witness promising growth over the forecast period due to the increasing usage of digital currency. Further, as per the crypto asset management market analysis, other factors such as innovations in cloud computing, economic expansion, and a secure governance system will bolster the market size. Cryptocurrency, powered by blockchain technology, enables institutional clients to carry out transactions and exchanges easily.  

Crypto Asset Management Market Segmentation:

Crypto Asset Management Market by Application Type
  • Web-based
  • Mobile app
Crypto Asset Management Market by Vertical
  • Healthcare
  • Retail and eCommerce
  • Travel and Hospitality
  • Institutions
  • Others
Crypto Asset Management Market by Deployment Mode
  • Cloud
  • On-premises
Crypto Asset Management Market by Solution
  • Custodian Solution
  • Wallet Management
Crypto Asset Management Market by Region:
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

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