The Crypto Asset Management Market is projected to reach US$509.60 million in 2028, as a result of a market growth rate of 22.85% in the forecast period of 2021 to 2028.
Crypto Asset Management Market
With the gradual digitalization of economies around the world, a radical new way of making payments was developed. Cryptocurrencies are a type of digital currency that is not created or backed by any government, nor does anyone individual have complete control over them, which are some of the many reasons for their increasing global popularity. The growing investment in cryptocurrencies also enabled innovations to ease the way they are being operated. This lead to the development of the Crypto Asset Management Market, which consists of a platform that allows investors to buy and manage digital assets and cryptocurrencies. Its major advantage is the security from theft that is offered to its users. Furthermore, to ensure investors feel safe when trading, the platform offers back-up of their storage wallet and records of all virtual assets through blockchain, as well as additional features that allow flexibility and control over individual user transactions.
Crypto Asset Management Market Growth and Trend
The increasing global digitalization has resulted in the growing interest in cryptocurrencies and therefore their asset management from government institutions, financial organizations, and large companies, which in its turn, has resulted in the positive growth of the Crypto Asset Management industry. Furthermore, a large number of different industries have started adopting digital processes and frameworks, which lead to the development of different ways in which transactions can be made in a digital form and grew the influence of cryptocurrencies as the financial counterpart of the global change. The Crypto Asset Management market has been further expanded after the development of cryptography techniques and the prevalence of the platform with financial security. As the new digital currency keeps gaining the trust of users, blockchain technology becomes accepted and capital investments showcase positive trends of growth. The increasing adoption of cryptocurrencies across verticals and the significant investments in the market, resulting in expanding the opportunities for the growth of the Crypto Asset Management industry.
Although the industry is developing, it still suffers from a lack of awareness, and most of all technical understanding of its operations from the larger population, which are factors that have the potential to challenge market growth. In addition, as the market is still evolving, there are no strict regulations imposed and therefore, investor concerns regarding security and privacy, as well as technical problems and the transparency of exchanges are another obstacle before the acceleration of the Crypto Asset Management market growth.
Crypto Asset Management Market Segmentation
The Crypto Asset Management Market is segmented on the basis of solution, deployment, mobile operating system, application, end-user, and enterprise vertical. According to the solution type, the market is divided into custodian solution and wallet management. Based on the deployment type, the Crypto Asset Management industry differentiates between cloud and on-premise. Additionally, on the basis of the mobile operating system type, the market is divided into android and iOS. Based on the end-user, the market segments are individual and enterprise. Moreover, the enterprise vertical of the crypto asset management industry can be separated into institutions, retail and e-commerce, healthcare, travel and hospitality, and verticals.
Crypto Asset Management Market Regional Analysis
Some of the factors that affect regional performance in the Crypto Asset Management industry are stable economic conditions, the significant income of the population, opportunities for investment, and interest in adopting innovations amongst others. On the basis of these factors, North America, as the region with one of the best world economies that are increasingly focusing investments into research and development activities, has the dominant position within the industry. This has also been achieved due to the fact that some of the most influential companies within the Crypto Asset Management market are based in the North American region.
Crypto Asset Management Market Share and Competition
The major players operating in the Crypto Asset Management Market industry are BitGo, Coinbase, Crypto Finance AG, Exodus Movement, Inc., Olymp Capital, Digital Asset Custody Company, Inc., Iconomi Ltd., itbit, Ledger SAS, METACO, Vo1t, Xapo, SFOX Inc., Crypto Finance AG, Genesis Global Trading, Inc., Bakkt, CoinTracker, Anchorage, CoinStats, Altpocket, Koinly, Binance, Opus Labs and others.
Report Highlights
• Historical Revenue and Unit Sales Volume Data (2010 - 2020)
• Forecast Revenue and Unit Sales Volume Data (2021 - 2028)
• Price trend and analysis
• Segment based revenue and unit sales data (2010 - 2028)
• Import/Export Analysis
• Competitive Analysis and Company Profiles
• Product analysis and Strategic framework
Industry segmentation and Revenue Breakdown
Solution Type Analysis (Revenue, USD Million, 2021 - 2028)
• Custodian Solution
• Wallet Management
Deployment Type Analysis (Revenue, USD Million, 2021 - 2028)
• Cloud
• On-Premises
Application Type Analysis (Revenue, USD Million, 2021 - 2028)
• Web-Based
• Mobile
End-User Analysis (Revenue, USD Million, 2021 - 2028)
• Individual
• Enterprise
Enterprise Vertical Analysis (Revenue, USD Million, 2021 - 2028)
• Institutions
• Retail and E-Commerce
• Healthcare
• Travel and Hospitality
Country Analysis (Revenue, USD Million, 2021 - 2028)
• U.S.
• Canada
• Mexico
• Brazil
• Argentina
• Rest of South America
• Germany
• France
• Italy
• U.K.
• Belgium
• Spain
• Russia
• Turkey
• Netherlands
• Switzerland
• Rest of Europe
• Japan
• China
• India
• South Korea
• Australia
• Singapore
• Malaysia
• Thailand
• Indonesia
• Philippines
• Rest of Asia-Pacific
• U.A.E
• Saudi Arabia
• Egypt
• South Africa
• Israel
• Rest of the Middle East and Africa
Crypto Asset Management Market Companies
• BitGo
• Coinbase
• Crypto Finance AG
• Exodus Movement, Inc.
• Olymp Capital
• Digital Asset Custody Company, Inc.
• Iconomi Ltd.
• Itbit
• Ledger SAS
• METACO
• Vo1t
• Xapo
• SFOX Inc
• Crypto Finance AG
• Genesis Global Trading, Inc.
• Bakkt
• CoinTracker
• Anchorage
• CoinStats
• Altpocket
• Koinly
• Binance
• Opus Labs
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