According to the MarketsandMarkets report, the global crypto asset management market size is anticipated to reach $1.2 billion by 2026, with a CAGR of 1.2% over the forecast period, 2022-2026.
Chicago, June 2, 2023 (GLOBE NEWSWIRE) -- the global Crypto asset management market The size is projected to grow from $400 million in 2021 to $1.2 billion by 2026, at a compound annual growth rate (CAGR) of 21.5% over the forecast period, according to the MarketsandMarkets™ report. The main factors that are expected to drive the growth of the crypto asset management market include high remittances in developing countries, the growth of venture capital investments, the need to safeguard cryptocurrency assets and the proliferation of technology. blockchain.
Explore the detailed table of contents in "Crypto asset management market "
147 - tables
74 - Figures
206 - Pages
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The scope of this report covers the crypto asset management market by solution, end user, company vertical, application type, deployment mode, mobile operating system, and region. Furthermore, this study analyzes the crypto asset management market based on contemporary trends and developments, and its potential growth from 2021 to 2026. It provides detailed trends, vendor actions, size, forecast, and analysis of the key players in the market.
Scope of the Report
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reporting metrics |
Details |
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Market value in 2021 |
$0.4 billion |
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Market value in 2026 |
$1.2 billion |
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Market growth rate |
TACC of 21.5% |
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segments covered |
Solution, end user, company vertical, application type, deployment type, mobile operating system (OS), and regions. |
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Geographies covered |
North America, Europe, APAC, ROW. |
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Customizations available |
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Vertical: Retail and eCommerce
The e-commerce and retail industry is booming worldwide, due to advances in network infrastructure, smartphone penetration, rising per capita income, and stable geopolitical situation. The retail vertical operates in a relatively diversified environment compared to other verticals. They are very tech-savvy in terms of adopting advanced technologies and cryptocurrency is no exception. The e-commerce and retail application area is a global partner network of suppliers, retailers, e-commerce portals and customers who interact in physical stores as well as online digital channels. The e-commerce and retail applications area faces major challenges in the form of limited supply visibility leading to instability, increased customer demand for product authenticity, and high transaction fees from processors of third party payment. Overstock.com was the first retailer to accept e-commerce payments via cryptocurrency.
Impact of Covid-19:
Retail and e-commerce companies are expected to take advantage of cryptocurrency for online and offline payment processing.
The need to improve the customer experience would drive the adoption of crypto asset management in the retail and e-commerce business vertical.
The increasing number of online activities in the retail industry during the post-COVID period is the main factor contributing to the adoption of crypto asset management solutions in the retail and eCommerce business vertical.
APAC Region:
APAC countries such as China, India, Australia, Singapore, and Japan are experiencing remarkable growth in the cryptocurrency market. The APAC region is expected to provide significant growth opportunities for vendors operating in the cryptocurrency management market during the forecast period. Rapid advances in network infrastructure, cloud computing, economic growth, and stable geopolitical system have provided a platform for the growth of solution providers in the APAC region. The presence and use of digital currency significantly influences the APAC financial system. The growth of cryptocurrencies has attracted many large financial institutions to achieve greater business agility in banking systems. Cryptocurrency, which is powered by blockchain technology, allows institutional clients to transact and trade, thus trading faster. The digital currency does not need the intervention of third parties due to its decentralized networks.
The integration of crypto asset management in the developing regions of APAC is helping organizations transform their business processes. Key financial centers and massive shipping and trading industries including Hong Kong and Singapore provide tremendous opportunities for blockchain technology adoption in various application areas such as healthcare and life sciences, government, BFSI , media and entertainment, and manufacturing.
Frequently Asked Questions (FAQs)
What is the projected market value of the crypto asset management?
Global Crypto Asset Management Market Expected to Reach $1.2 Billion
What is the estimated growth rate (CAGR) of the crypto asset management market for the next five years?
The global crypto asset management market is anticipated to grow at a compound annual growth rate (CAGR) of 21.5% between 2023 and 2026.
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