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Global Crypto Asset Management Market by Platform, Deployment Type, End-user and Region - Forecast to 2023

Dublin, Nov. 15, 2018 (GLOBE NEWSWIRE) -- The "Crypto Asset Management Market by Platform, Deployment Type (On-premises and Cloud), End-user (Institutions (BFSI, Hedge Funds, Brokerage Firms), and Retail and eCommerce), and Region (North America, Europe, APAC, and RoW) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The global crypto asset management market size is expected to grow from USD 94 million in 2018 to USD 207 million by 2023, at a Compound Annual Growth Rate (CAGR) of 17.1% during the forecast period during the forecast period.

The major growth drivers for the market include the need to safeguard cryptocurrency assets, the growth in the cryptocurrency market, the rising dependence on cryptocurrency, and the proliferation of the blockchain technology. However, the lack of regulatory frameworks may restrain the market from growing.

"On-premises deployment type is estimated to constitute a larger market size during the forecast period"

The on-premises deployment is witnessed a high demand and is a popular deployment type among end-users. Crypto asset management solutions are available as a platform and standalone form, and are mostly deployed in end-users' premises.

The solution providers have a full control over the infrastructure, software, hardware, data, maintenance, and the support they deliver. All the operational activities, such as setup, configuration, maintenance, and deployment of the solution, are handled locally on the end-user's premises.

The cost of crypto asset management solution is high. Therefore, end-users are looking for cost-effective options while installing crypto asset management solutions on their premises.

"Among end-users, the institution segment is expected to grow at the highest CAGR during the forecast period"

On the basis of end-users, the institutions segment is expected to hold the largest market size in the crypto asset management market during the forecast period. The institutional clients include financial firms, hedge fund providers, investment firms, and brokerage firms. Cryptocurrency has been widely accepted by institutional clients across the globe. Financial firms are expected to integrate digital currency with their traditional banking systems.

Cryptocurrencies offer several benefits to institutional clients, and the benefits include higher security, decentralized approach, borderless transaction settlement, and faster payment system. Such benefits are the reason why institutional clients are the major contributors to the growth of the crypto asset management market. The financial firms are adopting crypto asset management solutions for safeguarding their crypto assets and streamlining the exchange and trading process.

"Europe is estimated to grow at the highest CAGR during the forecast period"

Europe is expected to provide significant growth opportunities for the crypto asset management vendors during the forecast period. The region demonstrates a combination of high growth, developing economies, and mass adoption of digital currencies, such as Ethereum, Bitcoin, and Ripple.

Despite being highly regulated, the adoption of cryptocurrencies among banks, hedge funds, and investment firms in the EU are growing. Moreover, institutions are planning to integrate cryptocurrencies into the traditional banking services.

Leading financial firms see cryptocurrencies as investment opportunities. Hence, institutions are implementing crypto asset management solutions to safeguard their digital assets. Europe is expected to witness an upward trend of investments in the custodian and wallet management solutions that could fuel the growth of the crypto asset management market.

Key Topics Covered

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Breakdown and Data Triangulation
2.3 Market Size Estimation
2.4 Assumptions for the Study
2.5 Limitations of the Study

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Market
4.2 Crypto Asset Management Market in North America, By End-User and Deployment Type
4.3 Market Investment Scenario

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Safeguarding Cryptocurrency Assets
5.2.1.2 Growth in the Cryptocurrency Market
5.2.1.3 Rising Reliance on Cryptocurrency
5.2.1.4 Proliferation of Blockchain Technology
5.2.2 Restraints
5.2.2.1 Lack of Regulatory Framework
5.2.3 Opportunities
5.2.3.1 Adoption of Cryptocurrency Across Various Verticals
5.2.3.2 Potential Untapped Markets
5.2.4 Challenges
5.2.4.1 Security, Privacy, and Control Issues
5.2.4.2 Lack of Awareness and Technical Understanding Regarding Cryptocurrency
5.2.4.3 Technical Challenges Pertaining to Scalability
5.3 Industry Trends
5.3.1 Initial Coin Offering (Ico)
5.3.2 Cryptocurrencies
5.3.2.1 Bitcoin
5.3.2.2 Ethereum
5.3.2.3 Ripple
5.3.2.4 Dashcoin
5.3.2.5 Litecoin
5.3.3 State of Cryptocurrency
5.3.3.1 United States
5.3.3.2 European Union
5.3.3.3 United Kingdom
5.3.3.4 Switzerland
5.3.3.5 Japan
5.3.3.6 South Korea
5.3.3.7 China
5.3.3.8 India

6 Crypto Asset Management Market, By Platform
6.1 Introduction
6.2 Platform
6.2.1 Increasing Need for Safeguarding Digital Assets Driving the Crypto Asset Management Platform
6.2.1.1 Custodian Solution
6.2.1.2 Wallet Management

7 Market By Deployment Type
7.1 Introduction
7.2 On-Premises
7.2.1 Higher Demand for Security Could Propel the Growth of On-Premises Solutions
7.3 Cloud
7.3.1 Overall Adoption of Cloud-Based Solutions is Expected to Increase During the Forecast Period

8 Crypto Asset Management Market, By End-User
8.1 Introduction
8.2 Institutions
8.2.1 Institutional Clients are Major Contributors to the Growth of Market
8.2.1.1 Banking, Financial Services, and Insurance (BFSI)
8.2.1.2 Hedge Funds
8.2.1.3 Brokerage Firms
8.2.1.4 Others
8.3 Retail and Ecommerce
8.3.1 Retail and Ecommerce Companies are Expected to Leverage the Cryptocurrency for Online and Offline Payment Process
8.4 Others

9 Crypto Asset Management Market, By Region
9.1 Introduction
9.2 North America
9.2.1 United States
9.2.1.1 The US has Emerged as A Larger Crypto Asset Management Market in North America
9.2.2 Canada
9.2.2.1 With the Rising Adoption of Cryptocurrencies, Such as Bitcoins and Ethereum Across Institutions, the Demand for Crypto Asset Management Solutions is Also Increasing in Canada
9.3 Europe
9.3.1 United Kingdom
9.3.1.1 Banks and Financial Institutions in the UK are Exploring the Potential Applications of the Blockchain Technology and Cryptocurrencies
9.3.2 Germany
9.3.2.1 Germany has Been at the Forefront in Terms of Adoption of Cryptocurrency
9.3.3 France
9.3.3.1 Advancements in the Blockchain Technology Have Paved the Way for Digital Currencies
9.3.4 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.1.1 Japan Leads in the Adoption of Cryptocurrency Asset Management in Asia Pacific
9.4.2 Rest of Asia Pacific
9.5 Rest of the World
9.5.1 Middle East and Africa
9.5.1.1 Advancements in Blockchain and Digital Currencies to Drive Crypto Asset Management Solutions in Middle and East Africa
9.5.2 Latin America
9.5.2.1 Owing to Advancements in the Blockchain Technology, the Usage of Cryptocurrency has Been Increasing in the Latin America Region

10 Comptetive Landscape
10.1 Overview
10.2 Competitive Scenario
10.2.1 Partnerships
10.2.2 New Product Launches
10.2.3 Acquisitions
10.2.4 Business Expansions

11 Company Profiles
11.1 Introduction
(Business Overview, Services Offered, and Recent Developments)*
11.2 Coinbase
11.3 Gemini
11.4 Crypto Finance
11.5 Vo1t
11.6 Digital Asset Custody Company
11.7 Bitgo
11.8 Ledger
11.9 Metaco SA
11.10 Iconomi
11.11 Exodus Movement
11.12 Xapo
11.13 Itbit
11.14 Altairian Capital
11.15 Koine Finance

For more information about this report visit https://www.researchandmarkets.com/research/wp7www/global_crypto?w=12

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