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Crypto Asset Management Market (By Deployment Mode: Cloud, On-premises; By End User: Individual, Enterprise; By Enterprise Vertical: BFSI, Retail and E-Commerce, Healthcare, Travel and Hospitality, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast 2020 - 2027

Published : Dec 2020

Report ID: ARC2307

Pages : 190

Format : Crypto Asset Management Market (By Deployment Mode: Cloud, On-premises; By End User: Individual, Enterprise; By Enterprise Vertical: BFSI, Retail and E-Commerce, Healthcare, Travel and Hospitality, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast 2020 - 2027

The global crypto asset management market is anticipated to grow at a CAGR of around 24.1% during the forecast period 2020 to 2027 and to reach around US$ 1.8 Bn by 2027.

Market Dynamics

Rapid industrialization in developed and developing countries and high adoption from government and private organization for crypto asset management solutions for better transparency and safety are major factors expected to drive the growth of global crypto asset management market. BFSI is inclining towards the adoption of crypto asset management software as they provide enhanced safety and reliability. They are focused on safe and reliable solution providers in the areas of settlements, transfer agency, and fund valuations.

Easy availability of high speed internet in developing countries and easy access to the cloud is resulting emergence of small and mid-size enterprises with enhanced solutions in order to cater the growing need. In addition, increasing government spending on development of enhanced internet infrastructure is expected to augment the growth of crypto asset management market.

Moreover, major players approach towards business enhancement through partnership and innovative product launches is expected to support the growth of crypto asset management market.

In 2020, KPMG a global leader providing services related to risk, financial services and business advisory, internal audit, and corporate governance launched a suite of tools designed to help both traditional financial companies and fintech startups to provide tightly managed crypto-asset services. This is expected to help the company to enhance the business.

In 2020, Coinbase a digital currency exchange signed a strategic agreement with Oobit in order to provide Oobit Hunter to its customers. This is expected to help the company to enhance the business and increase the revenue share.

In 2020, BitGo leader in institutional digital asset financial services acquired Lumina a software solutions provider that offers digital asset dealers a financial platform. This acquisition is expected to help the company to enhance the business presence and increase the customer base.

In 2020, Gemini a financial service provider partnered with Itivitiin order to help the cryptocurrency holders to trade through NYFIX. This is expected to help the company to strengthen its position in market.

However, factors such as lack of infrastructure in developing countries in order to support the cryptocurrency and lack of regulatory framework are expected to hamper the growth of global crypto asset management market. In addition, lack of understanding and awareness among consumers is expected to challenge the growth of target market.

High government spending on safeguarding the internet infrastructure and high investment by major players are factors expected to create new opportunities for players operating in the crypto asset management market over the forecast period. In addition, emergence of small & mid-size enterprises with innovative solutions is expected to support the revenue growth of crypto asset management market.

Segment Analysis by Region

The market in North America is expected to account for major revenue share in the global crypto asset management market due to rising demand from various end use industries and easy availability of advanced infrastructure. In addition, presence of large number of players operating in the country and proliferation of blockchain technology will impact the growth of regional market.

Competitive Landscape                                                                                 

The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements will further increase the competition.

Report coverage

Market

 Global Crypto Asset Management Market

Analysis Period

2016 – 2027

Base Year

2019

Forecast Data

2020 – 2027

Market Stratification

Deployment Mode, End-Use, Industry Verticals and Geography

Regional Scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Report Coverage

Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

Crypto Asset Management Market Segment Analysis, 2019

The global crypto asset management market is segmented into deployment mode, end use, and industry verticals. The deployment mode segment is further bifurcated into cloud and on-premises. The cloud segment is expected to account for major revenue share in the target segment due to low operating cost and easy access. The industry verticals are divided into BFSI, retail and e-commerce, healthcare, travel and hospitality, and others. Among the industry verticals, the BSFI segment is expected to account for major revenue share in the target market.

The players profiled in the report are Crypto Finance AG, Digital Asset Custody Company, Exodus Movement, Inc., Gemini Trust Company, LLC, Iconomi Ltd., itBit Trust Company, LLC., Ledger SAS, Metaco SA, Vo1t, and Xapo.

Market Segmentation

Market By Deployment Mode

Cloud

On-premises

Market By End User

Individual

Enterprise

Market By Enterprise Vertical

BFSI

Retail and E-Commerce

Healthcare

Travel and Hospitality

Others

Market By Region

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa

Frequently Asked Questions

Which is the major factor expected to drive the global market?

Rapid industrialization in developed and developing countries and high adoption from government and private organization for crypto asset management solutions for better transparency and safety are major factors expected to drive the growth of global crypto asset management market.

What will be the market size of global crypto asset management market in 2027?

The global crypto asset management market in 2027 is expected to be above US$ 1.8 Bn.

Which segment is growing in end use segment?

In end use the enterprise segment is growing at faster pace.

What is the CAGR of the global crypto asset management market?

The CAGR of the global crypto asset management market from 2020-2027 is above 24.1%.

Which region is expected to grow faster?

In the global market the Asia Pacific region is expected to grow faster.

What are the players considered in the report scope?

Some of the players considered in the report scope are Crypto Finance AG, Digital Asset Custody Company, and Exodus Movement, Inc.

Which region is expected to account for major revenue share in the global market?

The Asia Pacific is expected to account for major revenue share in the global market.

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