Dublin, July 20, 2021 (GLOBE NEWSWIRE) -- The "Global Crypto Asset Management Market (2021-2026) by Solution, Application, Mobile Operating System, Deployment Mode, End-user, Verticals, Geography, Competitive Analysis and the Impact of COVID-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Crypto Asset Management Market size is projected to grow from USD 0.48 billion in 2021 to USD 1.23 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 20.5%.
Significant factors driving the growth of the Global Crypto Asset Management Market are the growing investments in the technology of crypto asset management and increasing venture capital funding. The proliferation of blockchain technology is also expected to boost the growth of crypto asset management solutions across the globe. The evolution of the asset management industry and the trust shown by several corporate and administrative entities in crypto-assets is further boosting the market. Growing awareness about crypto funds also fuelled the market growth of crypto asset management.
However, the lack of statutory & regulatory framework of the cryptocurrency market and lack of technical understanding may hinder the market growth. Also, a large amount of energy was consumed to conduct a single crypto transaction. This may create hindrances in the growth of the global crypto asset management market. Safety of client's fund is also emerging as a barrier as there is no standards policy related to cryptocurrency in many countries. All these factors may also restrain the growth of the market.
Market Dynamics
Drivers
- The proliferation of Blockchain Technology
- High Remittances in Developing Countries
- Growth in Venture Capital Investments
- Safeguarding the Cryptocurrency Assets
Restraints
- Lack of Awareness and Technical Understanding Regarding Cryptocurrency
- Lack of Statutory & Regulatory Framework of The Cryptocurrency Market across The Globe
- Safety of Client's Fund due to no Standard Policy Related To Cryptocurrency
Opportunities
- Providing New Investment Opportunities During The COVID-19 Pandemic
- Adoption of Cryptocurrency Across Verticals
- Potential Untapped Markets
Challenges
- Technical Challenges Pertaining to Scalability
- Security, Privacy, and Control Issues
- The Performance Varies Across Cryptocurrency Exchanges Due To The COVID-19 Pandemic
Segments Covered
Based on Solution, the Wallet Management segment is expected to hold the highest market share during the forecast period. Wallet management solution is used by both large as well as small financial institutions. It also helps in securing the digital assets of the company and streamline the business operations. Hence, all these factors help in boosting the market growth of this segment.
Based on the Application type, the Mobile segment is projected to witness the highest CAGR in the global crypto asset management market during the forecast period. Nowadays, several mobile wallets are available on the phone through an app. These apps are created for exchanging cryptocurrencies and are more acceptable and easier to use for asset traders and miners. These apps provide total control over digital assets. Therefore, all these factors will help in driving the growth of the mobile segment during the forecast period.
Based on Mobile Operating System, the Android segment is accounted to have the highest market share during the forecast period. Android OS is preferred by the maximum number of people and is expected to have a higher demand in the future, owing to its rich application ecosystem. With the help of the android app, online traders can easily have access to the thousands of apps created for using cryptocurrencies and, thus, helps propel the segment's growth.
Based on Deployment Mode, the Cloud segment is projected to witness the highest CAGR during the forecast period. Cloud mining in the cryptocurrency chain plays a crucial part in the issue of coins and maintains the system's performance. With cloud mining, users don't need to configure any additional equipment and incur extra electricity costs. Miners can easily join any referral programs and boost profitability by pulling new customers. All these factors help in boosting the cloud segment in CAM Market.
Based on End User, the Individual User segment is projected to witness the highest market share in the Global CAM market during the forecast period owing to the increasing rate of cryptocurrency users across the globe. The use of mobile phones has also increased the potential customer base for crypto asset management solutions. Individual users use mobile phones primarily for entertainment and utility purposes, but now with the help of android apps, miners and online traders can easily access the cryptocurrency apps.
Based on Verticals, the Institution segment is expected to witness the largest market share during the forecast period. The segment is further segmented into various verticals such as banking and financial services, hedge funds, Brokerage firms, and other Institutions. Out of which, the Banking Sector is accounted for the largest market share. Cryptocurrencies such as bitcoin are mostly used in day-to-day business transactions by banks that provide fraud reduction, instant credit card payments, make international trade more accessible, and attract new customers. All these factors help in driving the growth of the segment. The use of blockchain has changed the banking system as it helps in settlement systems, fundraising, loans, securities management, credit, trade finance, etc. which also helps drive the market growth of the segment.
Based on Geography, North America is projected to witness the highest CAGR owing to the increasing presence of prominent market players that delivers crypto asset management solutions to all the end-users in the region. The US and Canada are expected to be a major contributor to the market growth of the CAM solutions as they both have stable economic conditions. Increasing technological advancements, significant R&D activities, partnerships, and mergers are some of the major factors for the deployment of crypto asset management solutions and services. Asia Pacific (APAC) is also expected to grow due to the dynamic adoption of new technologies in the Global Crypto Asset Management Market.
Company Profiles
Some of the companies covered in this report are Coinbase Inc., Crypto Finance AG, Bakkt LLC, BitGo Inc., Metaco SA, Koine Finance Ltd., Opus labs SA, Kryptographe Inc., Mintfort, Anchorage Inc., CoinTracker, Vo1t Ltd., Ledger SAS, Xapo Inc., itBit Trust Company LLC, Amberdata Inc., Koinly (UK), Altpocket (Sweden) and Coinstats (Armenia).
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyse and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Crypto Asset Management Market.
- The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
- The report also contains the competitive analysis using Competitive Quadrant, Infogence's proprietary competitive positioning tool.
Report Highlights:
- A complete analysis of the market including parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Key Topics Covered:
1 Report Description
2 Research Methodology
3 Executive Summary
4 Market Overview
4.1 Introduction
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.3 Trends
5 Market Analysis
5.1 Porter's Five Forces Analysis
5.2 Impact of COVID-19
5.3 Ansoff Matrix Analysis
6 Global Crypto Asset Management Market, By Solution
6.1 Introduction
6.2 Custodian Solution
6.3 Wallet Management
6.4 Tokenization Solutions
6.5 Transfer & Remittance Solutions
6.6 Trading Solutions
7 Global Crypto Asset Management Market, By Application Type
7.1 Introduction
7.2 Web-based
7.3 Mobile
8 Global Crypto Asset Management Market, By Mobile Operating System
8.1 Introduction
8.2 IOS
8.3 Android
9 Global Crypto Asset Management Market, By Deployment Mode
9.1 Introduction
9.2 On-premises
9.3 Cloud
10 Global Crypto Asset Management Market, By End Users
10.1 Introduction
10.2 Individual Users
10.3 Enterprises (Institutions, Retail and e-Commerce)
11 Global Crypto Asset Management Market, By Verticals
11.1 Introduction
11.2 Institutions
11.2.1 Banking, Financial Services, and Insurance
11.2.2 Hedge funds
11.2.3 Brokerage firms
11.2.4 Other Institutions
11.3 Retail & e-Commerce
11.4 Healthcare
11.5 Travel and Hospitality
11.6 Others (Includes Government, Media and Entertainment)
12 Global Crypto Asset Management Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 South America
12.3.1 Brazil
12.3.2 Argentina
12.4 Europe
12.4.1 UK
12.4.2 France
12.4.3 Germany
12.4.4 Italy
12.4.5 Spain
12.4.6 Rest of Europe
12.5 Asia-Pacific
12.5.1 China
12.5.2 Japan
12.5.3 India
12.5.4 Indonesia
12.5.5 Malaysia
12.5.6 South Korea
12.5.7 Australia
12.5.8 Russia
12.5.9 Rest of APAC
12.6 Rest of the World
12.6.1 Qatar
12.6.2 Saudi Arabia
12.6.3 South Africa
12.6.4 United Arab Emirates
12.6.5 Latin America
13 Competitive Landscape
13.1 Competitive Quadrant
13.2 Market Share Analysis
13.3 Competitive Scenario
13.3.1 Mergers & Acquisitions
13.3.2 Agreements, Collaborations, & Partnerships
13.3.3 New Product Launches & Enhancements
13.3.4 Investments & Fundings
14 Company Profiles
14.1 Gemini Trust Company LLC (US)
14.2 Coinbase Inc.
14.3 Crypto Finance AG
14.4 Bakkt LLC
14.5 BitGo Inc.
14.6 Metaco SA
14.7 Koine Finance Ltd.
14.8 Opus labs SA
14.9 Kryptographe Inc.
14.10 Mintfort
14.11 Anchorage Inc.
14.12 CoinTracker
14.13 Vo1t Ltd.
14.14 Ledger SAS
14.15 Xapo Inc.
14.16 itBit Trust Company LLC
14.17 Amberdata Inc.
14.18 Koinly, (UK)
14.19 Altpocket (Sweden)
14.20 Coinstats (Armenia)
14.21 Iconomi
14.22 Exodus Movement
14.23 Gem
14.24 Tradeium
14.25 Blox
14.26 Binance
15 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/w7fqji