Crypto Asset Management Market Opportunities 2031
The crypto asset management market is anticipated to expand at a CAGR of 21.8 % from 2023 to 2031. The wide adoption of crypto technology is fuelling the market.
Crypto Asset Management Market Analysis
The commercial development of cryptocurrencies has been expedited by the blockchain revolution. Blockchain may provide high-level security for cryptocurrencies and digital assets. Blockchain technology allows users to approve transactions without requesting permission from a centralized authority. There are a lot of uses for blockchain, such as money exchange, smart contracts, and voting. There are several blockchain application areas and use cases available in every sector. To put it briefly, blockchain is a peer-to-peer digital ledger that is decentralized and maintains transactional data. Cryptocurrencies, as the first use case for blockchain technology, have completely changed the way businesses handle digital assets. Financial organizations are looking into the possibility of using blockchain to transport and store cryptocurrencies and other digital assets via the Internet. The availability of blockchain technology is driving the growth of cryptocurrencies, which will indirectly increase demand for crypto asset management services. The growing use of cryptocurrency by businesses has forced financial stakeholders to implement crypto asset management systems. Thus, these factors mentioned above are essential for the crypto asset management market growth.
Crypto Asset Management Market Overview
- Crypto asset management involves the professional management of digital assets such as cryptocurrencies, tokens, and other blockchain-based assets on behalf of investors or clients. It encompasses various activities, including portfolio management, risk assessment, trading, custody, and reporting.
- Crypto asset managers design and manage investment portfolios comprising digital assets to achieve specific investment objectives, such as capital appreciation, income generation, or risk mitigation. They conduct research, analysis, and strategic asset allocation to optimize portfolio performance.
- Crypto asset managers assess the risks associated with investing in digital assets, including market volatility, regulatory uncertainty, cybersecurity risks, and liquidity constraints. They implement risk management strategies to mitigate potential losses and protect investors' capital.
Strategic Insights
Crypto Asset Management Market Drivers and Opportunities
Increasing Digitalization of Banking and Other Industries.
- The process of converting data or information into a digital format by using cutting-edge technology is known as digitization. In the banking industry, it is crucial to improve consumer security and offer better customer services. It facilitates digital payment services for banks and speeds up the debt collection process, both of which drive market expansion.
- Additionally, the capacity to reach a wide audience and create enduring relationships with customers to increase brand reliability is another way that digital technologies accelerate corporate growth.
- Additionally, technology aids companies in accomplishing a number of goals, including maximizing profits, cutting expenses, and providing high-quality customer service. Additionally, the market is growing faster due to the growing customer adoption of digital banking services, which enable users to acquire bank statements, execute financial transactions, and carry out other associated tasks with just a single click. Distributed ledger technology is also being used by a number of banks and financial institutions in China, Japan, and India to facilitate a range of banking products, including transfers, checking and savings accounts, withdrawals, deposits, loan management, and insurance products. Therefore, the crypto asset management market is expanding due to the increasing digitalization of banking and other industries.
Crypto Asset Management Market Report Segmentation Analysis
- Based on the solution, the custodian segment held the largest share of the crypto asset management market in 2023 and is predicted to remain in that position for the duration of the forecast. Custody is a critical component of crypto asset management, involving the safekeeping and management of digital assets on behalf of investors. Crypto asset managers may provide custody solutions, including hot wallets, cold storage, multi-signature wallets, and institutional-grade custody services to safeguard clients' assets.
Crypto Asset Management Market Share Analysis By Geography
The scope of the Crypto Asset Management Market report is primarily divided into five regions - North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is experiencing rapid growth and is anticipated to hold a significant Crypto Asset Management Market share. The region's significant economic development, growing population, and increasing focus on financial inclusion across diverse economies have contributed to this growth. Numerous reasons, including the emergence of new sectors and the expansion of the economy, are to blame for this. Furthermore, a high number of cloud crypto solution providers in the US and Canada are anticipated to open up profitable chances for the market.
Crypto Asset Management Market Report Scope
The "Crypto Asset Management Market Forecast" was carried out based on solutions and applications. In terms of technology, the market is segmented into custodians and wallets. Based on end users, the crypto asset management market is segmented into individuals and enterprises. Based on geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
Crypto Asset Management Market News and Recent Developments
Companies adopt inorganic and organic strategies such as mergers and acquisitions in the crypto asset management market. A few recent key market developments are listed below:
- In April 2021, Coinbase partnered with Oobit to offer custodial services, a crypto wallet, and escrow for the users of Oobits' new product, which is known as Oobit Hunter.
[Source: Coinbase, Company Website]
- In October 2021, BitGo acquired Lumina, a provider of software solutions that offer digital asset dealers a financial platform that accelerates the mass adoption of digital assets by bridging the gap between traditional finance and crypto.
[Source: BitGo, Company Website]
Crypto Asset Management Market Report Coverage & Deliverables
The market report on “Crypto Asset Management Market Size and Forecast (2021–2031)”, provides a detailed analysis of the market covering below areas-
- Market size & forecast at global, regional, and country- levels for all the key market segments covered under the scope.
- Market dynamics such as drivers, restraints, and key opportunities.
- Key future trends.
- Detailed PEST & SWOT analysis
- A global and regional market analysis covering key Crypto Asset Management Market trends, key players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, key players, and recent developments.
- Detailed company profiles.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
An increase in investment and adoption in cryptocurrency is anticipated to play a significant role in the global crypto asset management market in the coming years.
The global crypto asset management market is expected to grow at a CAGR of 21.8 % during the crypto asset management market forecast period 2024–2031.
The key players holding majority shares in the global crypto asset management market are Coinbase, CRYPTO FINANCE AG, METACO, Ledger SAS, and Xapo Holdings Limited.
Increasing digitalization of banking and other industries is the major factors that propel the global crypto asset management market.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Crypto Asset Management Market - By Type
1.3.2 Crypto Asset Management Market - By End User
1.3.3 Crypto Asset Management Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CRYPTO ASSET MANAGEMENT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. CRYPTO ASSET MANAGEMENT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. CRYPTO ASSET MANAGEMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. CRYPTO ASSET MANAGEMENT - GLOBAL MARKET OVERVIEW
6.2. CRYPTO ASSET MANAGEMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. CRYPTO ASSET MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. WEB-BASED
7.3.1. Overview
7.3.2. Web-Based Market Forecast and Analysis
7.4. MOBILE-BASED
7.4.1. Overview
7.4.2. Mobile-Based Market Forecast and Analysis
8. CRYPTO ASSET MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. INDIVIDUALS
8.3.1. Overview
8.3.2. Individuals Market Forecast and Analysis
8.4. CORPORATES
8.4.1. Overview
8.4.2. Corporates Market Forecast and Analysis
9. CRYPTO ASSET MANAGEMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Crypto Asset Management Market Overview
9.1.2 North America Crypto Asset Management Market Forecasts and Analysis
9.1.3 North America Crypto Asset Management Market Forecasts and Analysis - By Type
9.1.4 North America Crypto Asset Management Market Forecasts and Analysis - By End User
9.1.5 North America Crypto Asset Management Market Forecasts and Analysis - By Countries
9.1.5.1 United States Crypto Asset Management Market
9.1.5.1.1 United States Crypto Asset Management Market by Type
9.1.5.1.2 United States Crypto Asset Management Market by End User
9.1.5.2 Canada Crypto Asset Management Market
9.1.5.2.1 Canada Crypto Asset Management Market by Type
9.1.5.2.2 Canada Crypto Asset Management Market by End User
9.1.5.3 Mexico Crypto Asset Management Market
9.1.5.3.1 Mexico Crypto Asset Management Market by Type
9.1.5.3.2 Mexico Crypto Asset Management Market by End User
9.2. EUROPE
9.2.1 Europe Crypto Asset Management Market Overview
9.2.2 Europe Crypto Asset Management Market Forecasts and Analysis
9.2.3 Europe Crypto Asset Management Market Forecasts and Analysis - By Type
9.2.4 Europe Crypto Asset Management Market Forecasts and Analysis - By End User
9.2.5 Europe Crypto Asset Management Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Crypto Asset Management Market
9.2.5.1.1 Germany Crypto Asset Management Market by Type
9.2.5.1.2 Germany Crypto Asset Management Market by End User
9.2.5.2 France Crypto Asset Management Market
9.2.5.2.1 France Crypto Asset Management Market by Type
9.2.5.2.2 France Crypto Asset Management Market by End User
9.2.5.3 Italy Crypto Asset Management Market
9.2.5.3.1 Italy Crypto Asset Management Market by Type
9.2.5.3.2 Italy Crypto Asset Management Market by End User
9.2.5.4 United Kingdom Crypto Asset Management Market
9.2.5.4.1 United Kingdom Crypto Asset Management Market by Type
9.2.5.4.2 United Kingdom Crypto Asset Management Market by End User
9.2.5.5 Russia Crypto Asset Management Market
9.2.5.5.1 Russia Crypto Asset Management Market by Type
9.2.5.5.2 Russia Crypto Asset Management Market by End User
9.2.5.6 Rest of Europe Crypto Asset Management Market
9.2.5.6.1 Rest of Europe Crypto Asset Management Market by Type
9.2.5.6.2 Rest of Europe Crypto Asset Management Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Crypto Asset Management Market Overview
9.3.2 Asia-Pacific Crypto Asset Management Market Forecasts and Analysis
9.3.3 Asia-Pacific Crypto Asset Management Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Crypto Asset Management Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Crypto Asset Management Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Crypto Asset Management Market
9.3.5.1.1 Australia Crypto Asset Management Market by Type
9.3.5.1.2 Australia Crypto Asset Management Market by End User
9.3.5.2 China Crypto Asset Management Market
9.3.5.2.1 China Crypto Asset Management Market by Type
9.3.5.2.2 China Crypto Asset Management Market by End User
9.3.5.3 India Crypto Asset Management Market
9.3.5.3.1 India Crypto Asset Management Market by Type
9.3.5.3.2 India Crypto Asset Management Market by End User
9.3.5.4 Japan Crypto Asset Management Market
9.3.5.4.1 Japan Crypto Asset Management Market by Type
9.3.5.4.2 Japan Crypto Asset Management Market by End User
9.3.5.5 South Korea Crypto Asset Management Market
9.3.5.5.1 South Korea Crypto Asset Management Market by Type
9.3.5.5.2 South Korea Crypto Asset Management Market by End User
9.3.5.6 Rest of Asia-Pacific Crypto Asset Management Market
9.3.5.6.1 Rest of Asia-Pacific Crypto Asset Management Market by Type
9.3.5.6.2 Rest of Asia-Pacific Crypto Asset Management Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Crypto Asset Management Market Overview
9.4.2 Middle East and Africa Crypto Asset Management Market Forecasts and Analysis
9.4.3 Middle East and Africa Crypto Asset Management Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Crypto Asset Management Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Crypto Asset Management Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Crypto Asset Management Market
9.4.5.1.1 South Africa Crypto Asset Management Market by Type
9.4.5.1.2 South Africa Crypto Asset Management Market by End User
9.4.5.2 Saudi Arabia Crypto Asset Management Market
9.4.5.2.1 Saudi Arabia Crypto Asset Management Market by Type
9.4.5.2.2 Saudi Arabia Crypto Asset Management Market by End User
9.4.5.3 U.A.E Crypto Asset Management Market
9.4.5.3.1 U.A.E Crypto Asset Management Market by Type
9.4.5.3.2 U.A.E Crypto Asset Management Market by End User
9.4.5.4 Rest of Middle East and Africa Crypto Asset Management Market
9.4.5.4.1 Rest of Middle East and Africa Crypto Asset Management Market by Type
9.4.5.4.2 Rest of Middle East and Africa Crypto Asset Management Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Crypto Asset Management Market Overview
9.5.2 South and Central America Crypto Asset Management Market Forecasts and Analysis
9.5.3 South and Central America Crypto Asset Management Market Forecasts and Analysis - By Type
9.5.4 South and Central America Crypto Asset Management Market Forecasts and Analysis - By End User
9.5.5 South and Central America Crypto Asset Management Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Crypto Asset Management Market
9.5.5.1.1 Brazil Crypto Asset Management Market by Type
9.5.5.1.2 Brazil Crypto Asset Management Market by End User
9.5.5.2 Argentina Crypto Asset Management Market
9.5.5.2.1 Argentina Crypto Asset Management Market by Type
9.5.5.2.2 Argentina Crypto Asset Management Market by End User
9.5.5.3 Rest of South and Central America Crypto Asset Management Market
9.5.5.3.1 Rest of South and Central America Crypto Asset Management Market by Type
9.5.5.3.2 Rest of South and Central America Crypto Asset Management Market by End User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. CRYPTO ASSET MANAGEMENT MARKET, KEY COMPANY PROFILES
11.1. BAKKT HOLDINGS, LLC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BITGO INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BITWISE ASSET MANAGEMENT, INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. BLOX (COIN-DASH LTD.)
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. CRYPTO FINANCE AG
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. CUSTODIGIT AG
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. TRUSTOLOGY
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. ICONOMI LIMITED
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. METACO SA
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. PROTOS ASSET MANAGEMENT GMBH
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
- Coinbase
- CRYPTO FINANCE AG
- METACO
- Ledger SAS
- Xapo Holdings Limited
- BitGo
- BAKKT
- ICONOMI LIMITED
- GEMINI TRUST COMPANY
- LLC
- PAXOS TRUST COMPANY
- LLC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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