Global Crypto Asset Management Market size is expected to be worth roughly USD 3,535.9 Million by 2030, growing at a CAGR of more than 5.8% during the projected timeframe of 2022-2030, according to Ameco Research
Cryptocurrency is among the most intriguing investment opportunities to have emerged in recent years. As cryptocurrency values continue to grow, a growing number of investment firms and financial advisors that have never participated in cryptocurrencies are planning to do so in the future year. The increased adoption of blockchain technology during the predicted time frame is expected to result in considerable revenue growth for the global crypto asset management market value.
Crypto asset management is the method of effectively managing digital assets in order to provide competent operation while utilizing a decentralized digital ledger network. Instead of having different wallets for each kind of crypto, crypto asset management software make it easier to manage all crypto wallet addresses on one platform. The growing cryptocurrency industry and rising usage of cryptocurrency as a payment method are driving the growth of the crypto asset management business.
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Global Crypto Asset Management Market Trends
Rising venture capital funding and expanding expenditures in crypto asset management strategies are expected to propel the asset management solutions market growth over the projected timeframe. Market growth is being driven by the increasing reliance on bitcoin and the expansion of blockchain technology. Cryptocurrency has evolved as the monetary equivalent of digital networks. During the projection period, the economic independence of crypto assets has played a significant role in the expansion of the crypto asset management market. Global digitization is propelling the demand for crypto asset management. During the projection period, the existence of a number of multinational organizations and enabling crypto operations is also supporting the expansion of the crypto asset management market revenue.
The growing demand for a user-friendly technique for cryptocurrency exchanges, as well as the necessity to preserve crypto assets globally, is likely to fuel the expansion of the worldwide crypto asset management market share over the forecast period. Furthermore, the increased adoption of crypto asset management software among payments market infrastructures (PMIs), custodian banks, central securities depositories (CSDs), as well as central counterparty clearing houses (CCPs) for effective implementation of digital currencies with conventional payment asset management systems is expected to drive the global crypto asset management marketplace in the coming year. However, the absence of well-structured & supporting government rules for crypto-assets in specific countries is likely to be a major issue limiting the growth of the worldwide crypto-asset management industry. Furthermore, the high expenses involved with crypto asset technology are projected to limit the target market's growth to some extent.
Crypto Asset Management Market Segmentation
Ameco Research has fragmented the global crypto asset management market by deployment mode, end user, and enterprise vertical. By deployment mode, the industry is sub-divided into on-premises, and cloud. The on-premises segment is estimated to hold significant market revenue during the projected period. Crypto asset management systems are offered as a platform or as a standalone product and are often installed on end-user premises.
In term of end user, the market is classified into enterprise, and individual. The individual section is anticipated to witness significant growth in the global market throughout the forecast period. The global increase in cryptocurrency transactions and cryptocurrency asset management technologies is fueling market expansion for the crypto asset management market. Individuals' embrace of digital transactions, as well as their increasing use of smartphones, are also propelling market expansion.
Based on the enterprise vertical, the market is divided into BFSI, travel and hospitality, healthcare, retail and e-commerce, and others. According to the crypto asset management market forecast, the travel and hospitality segment is expected to grow extensively in the global market over the next few years.
Crypto Asset Management Market Regional Outlook
The global crypto asset management market is divided into several geographical regions: North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa. According to a crypto asset management industry analysis, North America is anticipated to witness significant growth in the market over the forecasting years. This increase can be attributed to the supremacy of the United States and Canada in the acceptance of Bitcoin and other cryptocurrencies. When it relates to cryptocurrency exchanges and transactions, the United States is one of the most prominent players. The existence of numerous key industry players, including Gemini, Bakkt, Coinbase, BitGo, & Xapo, is propelling market expansion. High growth, emerging economies, and widespread acceptance of digital currencies like Bitcoin, Ethereum, and Ripple, among others, are propelling the region's market expansion. The use of cryptocurrencies by bankers, fund managers, and financial organizations in the United States is driving market expansion in the region.
Crypto Asset Management Market Companies
Some of the most notable worldwide crypto asset management market players is Crypto Finance AG, Metaco SA, Exodus Movement, Inc., Iconomi Ltd., Ledger SAS, Vo1t, Digital Asset Custody Company, Gemini Trust Company, LLC, itBit Trust Company, LLC., and Xapo.
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