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Global Crypto Asset Management Market Research Report - Segmented By Solution (Custodian and Wallets), Application Type (Web-based and Mobile), End user (Individual and Enterprise (Institutions, Retail and e-Commerce)), Region - Forecast to 2027

Published: January, 2022
ID: 9951
Pages: 150

Global Crypto Asset Management Market Size & Growth (2021 – 2026)

The global crypto asset management market is foreseen to progress from $ 0.4 billion in 2019 to develop up to $ 1.1 billion by 2025, at an expansion rate (CAGR) of about 23.8% over the anticipated period.

Cryptographic assets have become one of the most important areas of discussion in government entities, financial organizations and large businesses. The fascinating pace of digitalization around the world has forced various industries and sectors to assimilate processes and digital frameworks. In this uncontrolled rush in a digital world, cryptocurrency has become the financial counterpart of digital networks. In crypto currency, the transaction is recorded as digital assets that are implemented with the help of strong cryptography techniques. The financial security offered by crypto assets has played a key role in the growth of the global crypto asset management market. In addition, the confidence shown by various business and administrative entities in crypto assets has also emerged as a key reason for the growth of the global market.

The demand for crypto asset management is expected to accelerate as several emerging economies, including China and Japan, invest their money in the development of advanced crypto networks. In addition, scams and scandals during the transaction on non-digital currencies have put digital currencies in the spotlight. Therefore, it can be safely said that the global market for crypto asset management would develop into a healthy CAGR in the years to come.

The emerging blockchain technology has the potential to offer versatile business applications in various end-user industries, expanding its services through the tremendous growth of digital assets.

Recent Developments:

  • April 2020: Crypto Finance AG successfully raised 14 million Swiss francs in new funds, which the company should help develop despite the current challenges posed by Covid-19.
  • January 2020: MV Index Solutions (MVIS) and Intelligence Unit (IU) collaborated with Nomura Research Institute, Ltd. (NRI) to develop the NRI/IU Crypto-Asset Index for banking and financial institutions. Using the cryptocurrency index platforms provided by MVIS and CryptoCompare, the invertible index offers an investment solution for Japanese financial institutions as well as for global investors.

Impact of Covid-19 on the Global Crypto Asset Management Market:

The Covid-19 pandemic has largely disrupted the traditional investment scenario in a fractured world. This makes the digital crypto currency space more and more attractive. The coronavirus has caused a global economic crisis, making bit coins an attractive option to fight economic disruption due to its severe and deflationary nature.

Market Growth and Trends:

BFSI industry should achieve maximum adoption

  • The increasing adoption of blockchain or distributed ledger technologies in the sector is expected to increase the BFSI sector's investment in cryptocurrency. For example, by establishing a decentralized payment register, banking solutions could facilitate faster payments at lower rates than traditional systems.
  • For example, in August 2019, Uruguay-based Bantotal, a basic banking provider serving more than 60 different financial institutions in 14 different countries, collaborated with the Bitex cryptocurrency exchange to facilitate payments cross-border through the bitcoin blockchain. Additionally, Ohio is the first state in the US to accept Bitcoin tax payments, and the BitPay platform allows transactions. Such initiatives and agencies should stimulate the adoption of crypto asset management solutions in the BFSI industry.
  • In November 2019, SEBA Bank launched a range of services to integrate crypto assets and traditional banking services. The crypto services in the banks comprise of asset management, trading, custody, and financing. Your wallet, e-banking and card application should allow customers to convert their traditional form of cryptocurrency investment. Additionally, Clipper Coin Capital (CCC), a cryptocurrency investment bank and an asset management company, recently opened in Hong Kong. Such initiatives indicate the efforts of crypto asset management companies to expand their presence globally.

Drivers and market limitations:

The rising start-up culture across the globe has resulted in several crypto currencies that is mainly promoting the expansion of the global crypto asset management market. Also, the presence of a number of companies that have given some credibility to crypto transactions has also played a central role in the growth of the global crypto asset management market. The transparent security offered by cryptocurrencies is unprecedented, and this factor has become a basis for growth in the global market for cryptocurrency asset management. However, the large amount of energy consumed to conduct a single crypto transaction could pose a threat to the growth of the global crypto asset management market.

CRYPTO ASSET MANAGEMENT MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 – 2026

Base Year

2020

Forecast Period

2022 - 2027

CAGR

23.8%

Segments Covered

By Solution, Application, End User, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

BitGo, Coinbase, Crypto Finance AG, Exodus Movement Inc., Olymp Capital, Digital Asset Custody Company, Inc., Iconomi Ltd., itbit, Ledger SAS, METACO, Vo1t, Xapo and SFOX Inc and Others.

Crypto Asset Management Market Segmentation:

Crypto Asset Management Market - By Solution

  • Custodian
  • Wallets

Crypto Asset Management Market - By Application Type

  • Web-based
  • Mobile

Crypto Asset Management Market - By End-user

  • Individual
  • Enterprise (Institutions, Retail and e-Commerce)),

the BFSI segment in the enterprise division held the dominant portion and is likely to expand with a considerable CAGR in the coming years with the increasing call in the financial institutions.

Regional Analysis:

The Asia Pacific crypto asset management market is foreseen to generate immense revenues in the following years. This is due to the introduction of new cryptocurrencies in China and the adoption of crypto assets by various commercial and financial entities in the region. The energy sector in North America and Europe has matured in recent times, which has stimulated growth in the crypto asset management market in these regions.

North America is expected to dominate the global crypto asset management market due to dominance by the United States and Canada in the adoption of Bitcoin or cryptocurrencies. The United States is a major player in bitcoin commerce and transactions.

The United States has around 27 stock exchanges, while Canada has only six. The United States ranks first in the transaction between Bitcoin exchanges according to data published by Crystal blockchain.

Key players in the market:

Few major competitors currently working in the global crypto asset management market are BitGo, Coinbase, Crypto Finance AG, Exodus Movement Inc., Olymp Capital, Digital Asset Custody Company, Inc., Iconomi Ltd., itbit, Ledger SAS, METACO, Vo1t, Xapo and SFOX Inc.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Crypto Asset Management Market, By Solution                        

                                6.1.1 Custodian

                                6.1.2 Wallets     

                                6.1.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.4 Y-o-Y Growth Rate Analysis             

                                6.1.5 Market Attractiveness Index          

                6.2 Crypto Asset Management Market, By Application Type                       

                                6.2.1 Web-based             

                                6.2.2 Mobile      

                                6.2.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.4 Y-o-Y Growth Rate Analysis             

                                6.2.5 Market Attractiveness Index          

                6.3 Crypto Asset Management Market, By End-User                      

                                6.3.1 Individual 

                                6.3.2 Enterprise               

                                                6.3.2.1 Institutions

                                                6.3.2.2 Retail and eCommerce

                                6.3.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.3.4 Y-o-Y Growth Rate Analysis             

                                6.3.5 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Solution              

                                7.2.3 By Application Type             

                                7.2.4 By End-User           

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Solution              

                                7.3.3 By Application Type             

                                7.3.4 By End-User           

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Solution              

                                7.4.3 By Application Type             

                                7.4.4 By End-User           

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Solution              

                                7.5.3 By Application Type             

                                7.5.4 By End-User           

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Solution              

                                7.6.3 By Application Type             

                                7.6.4 By End-User           

8. Key Player Analysis                                    

                8.1 BitGo                             

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Coinbase                     

                8.3 Crypto Finance AG                  

                8.4 Exodus Movement, Inc                         

                8.5 Olymp Capital                            

                8.6 Digital Asset Custody Company, Inc                 

                8.7 Iconomi Ltd                

                8.8 Ledger SAS                 

                8.9 METACO                      

                8.10 Vo1t                            

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  1. Global Crypto Asset Management Market By Region, From 2020-2025 ( USD Billion )
  2. Global Crypto Asset Management Market By Solution, From 2020-2025 ( USD Billion )
  3. Global Custodian Market By Region, From 2020-2025 ( USD Billion )
  4. Global Wallets Market By Region, From 2020-2025 ( USD Billion )
  5. Global Crypto Asset Management Market By Application Type, From 2020-2025 ( USD Billion )
  6. Global Web-based Market By Region, From 2020-2025 ( USD Billion )
  7. Global Mobile Market By Region, From 2020-2025 ( USD Billion )
  8. Global Crypto Asset Management Market By End-User, From 2020-2025 ( USD Billion )
  9. Global Individual Market By Region, From 2020-2025 ( USD Billion )
  10. Global Enterprise Market By Region, From 2020-2025 ( USD Billion )
  11. Global Institutions Market By Region, From 2020-2025 ( USD Billion )
  12. Global Retail and eCommerce Market By Region, From 2020-2025 ( USD Billion )

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