USD 742.37 million
Crypto Asset Management Market Size, Share, Growth Analysis, By Solution(Custodian Solution, Wallet Management), By Deployment Mode(On-premises, Cloud), By Mobile Operating System(iOS, Android), By Enterprise Vertical(Institution (Banking, Financial Services, and Insurance, Hedge Funds), By Application Type(Web-based, Mobile based), By End-user(Individual User, Enterprise), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG40H2002 |
Region:
Global |
Published Date: September, 2024
Pages:
207
|Tables:
84
|Figures:
76
Crypto Asset Management Market Insights
Global Crypto Asset Management Market size was valued at USD 742.37 million in 2022 and is poised to grow from USD 903.46 million in 2023 to USD 4347.46 million by 2031, growing at a CAGR of 21.70% during the forecast period (2024-2031).
The global crypto asset management market is experiencing rapid growth and expansion, driven by the increasing adoption of cryptocurrencies and the growing demand for professional management of digital assets. The market growth is driven by the rising acceptance of cryptocurrencies as a legitimate asset class, the emergence of blockchain technology, and the growing institutional participation in the crypto space. Moreover, the increasing number of cryptocurrency exchanges, the need for robust security measures, and the demand for diversified investment strategies are further propelling the growth of the market. Key market players are offering innovative solutions such as crypto funds, index funds, and trading platforms to cater to the diverse needs of investors. Additionally, the market is witnessing the development of advanced technologies such as artificial intelligence (AI) and machine learning (ML) algorithms, which are being employed to enhance trading strategies, risk management, and portfolio optimization in crypto asset management. Furthermore, the market is characterized by intense competition, with both established players and emerging startups striving to gain a larger market share by offering innovative products and services tailored to the evolving needs of investors in the crypto space. The market is also witnessing the entry of traditional asset management firms and financial institutions, who are recognizing the potential of cryptocurrencies and aiming to provide their clients with exposure to this new asset class. However, the crypto asset management market also faces challenges, including regulatory uncertainties, cybersecurity risks, and market volatility. Overall, the global market presents significant opportunities for growth, driven by the increasing demand for professional management services in the dynamic and fast-evolving world of cryptocurrencies.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Custodian Solutions
Fastest Growth
Wallet Management
Growth Rate
21.70% CAGR
Global Crypto Asset Management Market ($ Bn)
Country Share for North America Region (%)
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Crypto Asset Management Market Segmental Analysis
Global Crypto Asset Management Market is segmented by solution, application type, deployment mode, mobile operating system, vertical, end user, and region. Based on solution, the market can be segmented into custodian solution and wallet management. Based on application type, the market is segmented into web-based and mobile. Based on deployment mode, the market is segmented into cloud and on-premises. Based on mobile operating system, the market is segmented into Ios and android. Based on vertical, the market is segmented into Institution, Retail and eCommerce, Healthcare, Travel and Hospitality, and Others (Includes government, and media and entertainment). Based on end-users, the market is segmented into Individual, and enterprise. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America
Analysis by Solution
The dominant segment in the global crypto asset management market is custodian solutions. Custodian solutions play a crucial role in the market by providing secure storage and management of digital assets on behalf of investors. With the increasing value and complexity of cryptocurrencies, investors are seeking reliable custodial services that offer robust security measures, including offline storage and multi-signature authentication. Established custodians and financial institutions are leveraging their expertise in traditional asset custody to enter the crypto space and cater to the growing demand for secure storage and institutional-grade custodial services.
On the other hand, the fastest-growing segment in the market is wallet management. Wallet management solutions provide users with a convenient and secure way to store, manage, and transact cryptocurrencies. As the adoption of cryptocurrencies continues to expand, there is a growing need for user-friendly and feature-rich wallet management solutions. These solutions offer a range of functionalities, such as multi-currency support, easy integration with exchanges, and enhanced security features like two-factor authentication. The increasing popularity of decentralized finance (DeFi) and non-fungible tokens (NFTs) has also contributed to the rapid growth of wallet management solutions as users seek seamless access and management of their digital assets across various platforms and applications.
Analysis by Application
The mobile application segment dominated the global crypto asset management market. With the widespread adoption of smartphones and the convenience they offer, mobile applications have become increasingly popular among cryptocurrency investors. Mobile-based crypto asset management applications provide users with on-the-go access to their digital assets, allowing them to monitor portfolios, execute trades, and manage their investments anytime and anywhere. The user-friendly interfaces, real-time market data, and push notifications offered by mobile applications make them a preferred choice for many investors, contributing to the dominance of this segment in the market.
The fastest-growing segment in the market based on application is the web-based application segment. Web-based crypto asset management applications are gaining traction due to their versatility and accessibility across various devices. These applications are accessed through web browsers, eliminating the need for specific device compatibility. Web-based applications often provide advanced features and analytical tools for portfolio management and trading, attracting both individual investors and institutional players. Additionally, web-based applications offer the advantage of seamless integration with other financial platforms and services, further driving their growth in the market. The flexibility and scalability of web-based applications make them an attractive choice for users looking for comprehensive crypto asset management solutions.
Global Crypto Asset Management Market By Solution
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Crypto Asset Management Market Regional Insights
North America dominated the global crypto asset management market. The region is home to several key players in the crypto space and has witnessed significant adoption of cryptocurrencies among individuals, institutions, and businesses. Factors contributing to North America's dominance include favorable regulatory frameworks, robust infrastructure, a mature financial ecosystem, and high awareness and acceptance of cryptocurrencies.
On the other hand, the fastest-growing region in the market is Asia Pacific. Asia Pacific has emerged as a hotbed for cryptocurrency adoption and innovation. Countries such as China, Japan, South Korea, and Singapore have shown a strong interest in cryptocurrencies and have been proactive in adopting blockchain technology. The region has a large population with a high level of technology penetration, providing a fertile ground for the growth of the crypto asset management market. Moreover, the increasing participation of Asian institutional investors and the rise of cryptocurrency exchanges and startups in the region are fueling the market's growth in Asia Pacific.
Global Crypto Asset Management Market By Geography
- Largest
- Fastest
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Crypto Asset Management Market Dynamics
Drivers
- Increasing acceptance of cryptocurrencies
One key driver of the global crypto asset management market is the increasing acceptance of cryptocurrencies as a legitimate asset class. As cryptocurrencies gain wider recognition and acceptance from both individual and institutional investors, the demand for professional management services for these digital assets rises. This driver is fueled by the growing awareness of the potential returns and diversification benefits offered by cryptocurrencies, leading to a higher adoption rate and driving the growth of the crypto asset management market.
Restraints
- Regulatory uncertainty surrounding cryptocurrencies
One key restraint of the market is the regulatory uncertainty surrounding cryptocurrencies. The regulatory landscape for cryptocurrencies varies across different regions, and there is often a lack of clear guidelines and frameworks. The absence of consistent and comprehensive regulations creates uncertainty and poses challenges for market participants, including crypto asset management firms. The regulatory ambiguity can hinder the growth of the market, as it may deter some investors and institutions from fully engaging with cryptocurrencies due to concerns over compliance, legal risks, and investor protection. Clear and consistent regulatory frameworks are necessary to provide stability and foster trust in the market.
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Crypto Asset Management Market Competitive Landscape
The competitive landscape of the global crypto asset management market is characterized by intense competition and a diverse range of players. Established financial institutions, traditional asset management firms, and cryptocurrency exchanges are competing alongside emerging startups and specialized crypto asset management providers. Key competitive factors include the development of innovative products and services, robust security measures, user-friendly interfaces, integration with multiple platforms, and effective risk management strategies. Market players are also focusing on strategic partnerships, acquisitions, and collaborations to enhance their market presence and expand their service offerings. Additionally, the ability to cater to the evolving needs of investors, including both individual and institutional clients, and the capacity to navigate regulatory challenges play a crucial role in gaining a competitive edge in the market.
Crypto Asset Management Market Top Player’s Company Profiles
- Coinbase (US)
- Gemini (US)
- Crypto Finance (Switzerland)
- Vo1t (US)
- Ledger (France)
- Metaco SA (Switzerland)
- Iconomi (Slovenia)
- Exodus Movement (US)
- itBit (Paxos) (US)
- Koine Finance (UK)
- Amberdata (US)
- GEM (US)
- Tradeium (Brazil)
- Blox (US)
- Opus Labs (US)
- Binance (China)
- Kryptogrape (US)
- Koinly (Australia)
- AltPocket (US)
- Mintfort (US)
- CoinStats (Greece)
- Anchorage (US)
- CoinTracker (US)
Crypto Asset Management Market Recent Developments
- In January 2024, the SEC approved the introduction of Bitcoin ETFs, making it possible for ordinary investors to access the Bitcoin market.
- In April 2024, Nick van Eck announced the launch of a new $12 million venture capital-backed USD stablecoin named Agora Dollars. However, he specified that Agora Dollars would not be available in the United States until all relevant legislation is enacted. Nick van Eck, the son of asset management expert Jan van Eck, is spearheading this initiative after a $12 million funding round.
- In July 2023, the Financial Stability Board (FSB) endorsed 10 high-level recommendations, updated in the same month, aimed at ensuring consistent and effective regulation, supervision, and oversight of global stablecoins (GSCs) and those with the potential to become GSCs. These recommendations target the financial stability risks posed by these digital assets, both domestically and internationally.
- In 2023, JP Morgan plans to allocate $12 billion towards technology, which includes investments in blockchain and Web3. Web3 is revolutionizing funding methods through digital ownership tokens, making early-stage investing more accessible. Decentralized Autonomous Organizations (DAOs), which are innovative company structures based on crypto and blockchain technology, experienced a fortyfold increase in their treasury assets last year.
- In December 2022, Crypto.com, a Hong Kong-based cryptocurrency platform, unveiled Crypto.com Pay Checkout. This payment solution enables businesses to seamlessly accept cryptocurrency payments, providing customers with an additional payment option. With Crypto.com Pay Checkout, transactions can be processed swiftly and securely.
- In September 2022, Ledger SAS, a leading French company specializing in hardware cryptocurrency wallets, launched Ledger Live Mobile. This mobile application allows users to conveniently manage their digital assets directly from their smartphones, offering features such as portfolio management, transaction history, and secure storage.
- In March 2021, Gemini Trust Company, LLC introduced Gemini Fund Solutions, providing a comprehensive suite of cryptocurrency fund services to fund managers. This platform integrates clearing, custody, trade execution, and various capital markets services, offering a complete solution for managing cryptocurrency funds.
Crypto Asset Management Key Market Trends
- One key market trend in the global crypto asset management market is the growing integration of decentralized finance (DeFi) solutions. DeFi refers to the use of blockchain and cryptocurrency technology to recreate traditional financial systems and services in a decentralized manner. In the crypto asset management market, there is an increasing trend of integrating DeFi protocols and platforms to offer users enhanced investment opportunities, yield generation, and access to a wide range of decentralized financial products. This trend enables investors to participate in lending, borrowing, liquidity provision, and yield farming activities directly through their crypto asset management platforms, providing them with more flexibility, transparency, and potential returns in their investment strategies.
Crypto Asset Management Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global crypto asset management market analysis, the market is experiencing significant growth driven by the increasing adoption of cryptocurrencies and the need for professional management of digital assets. Key drivers include the acceptance of cryptocurrencies as a legitimate asset class, the emergence of advanced technologies like AI and ML, and the entry of traditional financial institutions into the crypto space. The market is segmented into custodian solutions and wallet management, with custodian solutions dominating and wallet management being the fastest-growing segment. The market's competitive landscape features a mix of established players and emerging startups, with competition focused on innovation, security, user-friendly interfaces, and regulatory compliance. Regionally, North America dominated the market, while Asia Pacific is the fastest-growing region. However, regulatory uncertainties remain a key restraint. Overall, the market presents significant opportunities for growth, fueled by the increasing demand for professional management services in the dynamic world of cryptocurrencies.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 742.37 million |
| Market size value in 2031 | USD 4347.46 million |
| Growth Rate | 21.70% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Crypto Asset Management Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Crypto Asset Management Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Crypto Asset Management Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Crypto Asset Management Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Crypto Asset Management Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Crypto Asset Management Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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