Crypto asset management market to reach $1.1b by 2025

Crypto adoption is growing across the world, and this no longer only includes individual investors. Both small and large financial institutions are developing a taste for cryptocurrency, and are teaming up with various projects.

A recent study, published by Reportlinker.com, estimates that this growth will continue, especially when it comes to the crypto asset management market.

The crypto asset management market to triple

According to the report, the crypto asset management market size sits at approximately $0.4 billion in 2020. However, the study suggests that the increase in adoption and funding will lead to a market size of $1.1 billion by 2025.

The study covered the digital currency asset management market size across different segments, in an attempt to estimate its growth potential. It covered segments by application type, solution, organization size, end-users, deployment mode, region, and enterprise vertical.

Based on the application type, it is expected that the mobile segment will register the highest growth. This is due to the fact that both miners, as well as traders, can easily exchange digital coins via mobile apps.

In terms of solution, the biggest potential seems to lie with the wallet management segment, which currently holds the highest market share. As for adoption, it is growing across small and large financial institutions, as mentioned earlier.

The Asia Pacific region is best at adoption new technologies

The report found the Asia Pacific to be the leading region when it comes to growth, as it saw dynamic and advanced adoption. This region is also particularly known for being quick to accept new technologies.

As for the types of industries that are mostly adopting crypto, there are several. Financial institutions, retail industry, healthcare, travel, eCommerce, and hospitality are all currently leading the trend.

The report itself is expected to help various institutions, new market participants, as well as market leaders by providing information on approximate revenue numbers. It is also expected to assist stakeholders with understanding the market movement and show them the key market drivers, challenges, opportunities, and alike.