Connect with us

Finance

Crypto asset management market worth $1.1 billion by 2025 – report

Published

on

Cryptocurrency or crypto

The global crypto asset management market size is projected to grow from USD 0.4 billion in 2020 to USD 1.1 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 23.8% during the forecast period.

This is contained in a report by MarketsandMarkets, which shows that the increasing venture capital funding and growing investments in crypto asset management technology are expected to enhance the use of crypto asset management solutions across the globe.

Based on application type, the mobile segment to grow at the highest CAGR during the forecast period

Nowadays, several mobile apps are created for exchanging cryptocurrencies that can make things easier for asset traders and miners.

Various stock market apps came into being featuring cryptocurrency apps, and these types of apps not only allow them to have total control over the digital assets, but one can also trade with them. Therefore, the mobile segment holds the highest growth rate during the forecast period.

Based on end user, the individual user segment to hold higher market share during the forecast period

With a rise in the cryptocurrency users across the globe, the potential customer base for crypto asset management solutions has also increased. Individual users use mobile phones primarily for entertainment and utility purposes.

Many individual users opt for crypto asset management solutions that drive the crypto asset management market, which makes it attractive for the crypto asset management providers to offer advanced solutions to the individual user segment.

Among regions, North America to hold the highest market share during the forecast period.

ALSO READ  Anti-money laundering solutions market worth $4.5 billion by 2025

North America has the presence of several prominent market players delivering crypto asset management solutions to all end users in the region.

The US and Canada both have strong economic conditions and are expected to be the major contributors to the growth of the crypto asset management market.

The geographical presence, significant Research and Development (R&D) activities, partnerships, and acquisitions and mergers are the major factors for the deployment of crypto asset management and services.

The major vendors, such as Coinbase, Crypto Finance, Gemini, and BitGo, offer enhanced crypto asset management solutions to cater to the needs of customers, which fuels the growth of the global crypto asset management market in North America.

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.

Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Advertisement
Advertisement
Advertisement
Advertisement

Facebook