Crypto Asset Management Market

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 Code: TC 6728 Nov, 2018, by marketsandmarkets.com

The study involved 4 major activities to estimate the current market size for crypto asset management market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments of the market.

Secondary research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, have been referred to, to identify and collect information for this study. These secondary sources included annual reports; press releases and investor presentations of companies; whitepapers, certified publications, and articles by recognized authors; gold standard and silver standard websites; crypto asset management technology Research and Development (R&D) organizations; regulatory bodies; and databases.

Primary research

Various primary sources from both supply and demand sides of the crypto asset management market ecosystem were interviewed to obtain qualitative and quantitative information for this study. The primary sources from the supply-side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various vendors who provide the crypto asset management software, associated service providers, and system integrators operating in the targeted regions. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The following is the breakdown of the primary respondents:

Crypto Asset Management Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

For making market estimates and forecasting the crypto asset management market and the other dependent submarkets, the top-down and bottom-up approaches were used. The bottom-up procedure was used to arrive at the overall market size of the global crypto asset management market using key companies’ revenue and their offerings in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the market have been identified through extensive secondary research.
  • The market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

With data triangulation and validation through primary interviews, the exact value of the overall parent market size was determined and confirmed using this study. The overall market size was then used in the top-down procedure to estimate the size of other individual markets via percentage splits of the market segmentation.

Report Objectives

  • To define, describe, and forecast the crypto asset management market based on platform, deployment type, end-user, and region
  • To provide detailed information related to the major factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market
  • To analyze the market’s subsegments with respect to the individual growth trends, prospects, and contributions to the total market
  • To analyze opportunities in the market for stakeholders and provide the competitive landscape of the market
  • To forecast the revenue of the market’s segments with respect to 4 major regions, namely, North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
  • To profile the key players and comprehensively analyze their recent developments and positioning in the crypto asset management market
  • To analyze the competitive developments, such as mergers and acquisitions, new product developments, and R&D activities in the market

Scope of the Report

Report Metrics

Details

Market size available for years

2016–2023

Base year considered

2017

Forecast period

2018–2023

Forecast units

Million (USD)

Segments covered

platform, Deployment Type, End-users, and Region

Geographies covered

North America, Europe, APAC, and RoW

Companies covered

Altairian Capital (UK), BitGo (US), Coinbase (US), Crypto Finance AG (Switzerland), Digital Asset Custody Company (US), Exodus Movement, Gemini (US), ICONOMI (SIovenia), itBit (US), Koine Finance (UK), Ledger (France), Metaco SA (Switzerland), Vo1t (UK), and Xapo (US).

This research report categorizes the crypto asset management market based on platforms, deployment types, end-users, and regions.

Based on platforms:

  • Platform

Based on deployment types:

  • On-premises
  • Cloud

Based on end-users:

  • Institutions
  • Retail and eCommerce
  • Others (Government, Media and Entertainment, and Travel and Tourism)

Based on regions:

  • North America
  • Europe
  • APAC
  • RoW

Available customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix gives a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analysis and profiling of additional market players up to 5

The 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. The crypto asset management platform helps businesses manage and secure their crypto assets, such as Bitcoin, Ripple, Ethereum, and altcoins. Amidst the growing security concerns, financial institutions are rapidly implementing crypto asset management platforms, which manage, store, and safeguard their digital assets. The solution providers are offering end-to-end turnkey solutions for institutional clients. Vendors are also offering custodian services that help businesses reduce the risks related to crypto assets and offer several benefits, such as scalability, flexibility, and transparency.

The crypto asset management market study aims at estimating the market size and the future growth potential of the market across segments, such as platforms, deployment types, end-users, and regions.

Crypto Asset Management Market

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

On-premises solutions are expected to be in a greater demand, due to their wide range of functionalities, such as high-end security, easy deployment, and complete access to crypto asset solutions. The higher demand for security could propels the growth of the on-premises solutions.  This deployment type witnesses a high demand and is popular among the end-users. The solution providers have full control over the infrastructure, software, hardware, data, maintenance, and the support they deliver.

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

The daily trading over cryptocurrency is growing exponentially day-by-day. Financial firms are leveraging the capabilities of blockchain to process and transact cryptocurrency. Currently, institutional clients are leading the crypto currency market, and the trend is expected to grow during the forecast period. Currently, 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 their exchange and trading processes.

Crypto Asset Management Market

North America is expected to account for the largest market size during the forecast period.

The global crypto asset management market by region covers 5 major geographic regions, namely, North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). North America is estimated to account for the largest market size during the forecast period The US has emerged as a larger market for the growth of the crypto asset management market in North America, due to the large-scale implementation of crypto asset management solutions among financial institutions. The growth in cryptocurrencies has created massive opportunities for financial institutions across the US. With the growing Initial Coin Offerings (ICOs) and exchange trading platforms, institutions are adopting digital currencies as digital assets.

The crypto asset management market comprises major solution providers, such as Altairian Capital (UK), BitGo (US), Coinbase (US), Crypto Finance AG (Switzerland), Digital Asset Custody Company (US), Exodus Movement, Gemini (US), ICONOMI (SIovenia), itBit (US), Koine Finance (UK), Ledger (France), Metaco SA (Switzerland), Vo1t (UK), and Xapo (US). The study includes in-depth competitive analysis of these key players in the market with their company profiles, recent developments, and key market strategies.  Coinbase, BitGo, Gemini, and Metaco SA are the leading vendors in the market. These solution providers have adopted organic and inorganic strategies, such as new product launches, acquisitions, business expansions, and partnerships, to expand their business reach and drive their business revenues.  Moreover, various crypto asset management solution providers are adopting different strategies, such as venture capital funding, funding through ICO, new product launches, acquisitions, and partnerships and collaborations to increase their presence in the global market.

Recent developments

  • In June 2018, Coinbase started offering its custody services in Japan to expand its operations in APAC.
  • In October 2018, Gemini partnered with Omniex, a provider of the institutional Crypto Asset Investment and Trading Platform, for trading institutional crypto currencies and increasing their customer base.
  • In January 2018, Metaco SA and Guardtime, a data security firm, jointly launched a new cryptocurrency asset management product, SILO. The newly launched product provides security services to digital assets stored in digital banks and financial institutions.
  • May 2017, BitGo partnered with Ripple, a provider of blockchain payment gateway. This was done to provide multi-signature security, advanced treasury management, and additional enterprise functionalities for XRP, a digital asset native to the Ripple Consensus Ledger (RCL).
  • In October 2017, Ledger collaborated with Intel for integrating its in-house developed OS BOLOS with Intel’s Software Guard Extensions (SGX). The integration would further enhance the security of digital assets.

Key questions addressed by the report

  • Define, describe, and forecast the crypto asset management market based on platforms, deployment types, end-users, and regions.
  • Detailed analysis of the market’s subsegments with respect to individual growth trends, prospects, and contributors to the total market. 
  • Revenue forecast of the market’s segments with respect to 4 major regions, namely, North America, Europe, APAC, and RoW.
  • Detailed analysis of the competitive developments, such as mergers and acquisitions, new product developments, and business expansion activities, in the market
  • Analysis of the major factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 13)
    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 (Page No. - 16)
    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 (Page No. - 23)

4 Premium Insights (Page No. - 26)
    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 (Page No. - 28)
    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 (Page No. - 37)
    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 (Page No. - 39)
    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 (Page No. - 43)
    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 (Page No. - 48)
    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 (Page No. - 62)
     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 (Page No. - 66)
     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

*Details on Business Overview, Services Offered, and Recent Developments Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 84)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.3 Available Customizations
     12.4 Related Reports
     12.5 Author Details


List of Tables (32 Tables)

Table 1 Crypto Asset Management Market Size, By Platform, 2016–2023 (USD Million)
Table 2 Market Size By Deployment Type, 2016–2023 (USD Million)
Table 3 On-Premises: Market Size By Region, 2016–2023 (USD Million)
Table 4 Cloud: Market Size By Region, 2016–2023 (USD Million)
Table 5 Crypto Asset Management Market Size, By End-User, 2016–2023 (USD Million)
Table 6 Institutions: Market Size By Region, 2016–2023 (USD Million)
Table 7 Retail and Ecommerce: Market Size By Region, 2016–2023 (USD Million)
Table 8 Others: Market Size By Region, 2016–2023 (USD Million)
Table 9 Crypto Asset Management Market Size, By Region, 2016–2023 (USD Million)
Table 10 North America: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 11 North America: Market Size By End-User, 2016–2023 (USD Million)
Table 12 North America: Institutions Market Size, By Deployment Type, 2016–2023 (USD Million)
Table 13 North America: Retail and Ecommerce Market Size, By Deployment Type, 2016–2023 (USD Million)
Table 14 North America: Other End-Users Market Size, By Deployment Type, 2016–2023 (USD Million)
Table 15 Europe: Crypto Asset Management Market Size, By Deployment Type, 2016–2023 (USD Million)
Table 16 Europe: Institutions Market Size, By Deployment Type, 2016–2023 (USD Million)
Table 17 Europe: Retail and Ecommerce Market Size, By Deployment Type, 2016–2023 (USD Million)
Table 18 Europe: Other End-Users Market Size, By Deployment Type, 2016–2023 (USD Million)
Table 19 Asia Pacific: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 20 Asia Pacific: Crypto Asset Management Market Size, By End-User, 2016–2023 (USD Million)
Table 21 Asia Pacific: Institutions Market Size, By Deployment Type, 2016–2023 (USD Million)
Table 22 Asia Pacific: Retail and Ecommerce Market Size, By Deployment Type, 2016–2023 (USD Million)
Table 23 Asia Pacific: Other End-Users Market Size, By Deployment Type, 2016–2023 (USD Million)
Table 24 Rest of the World: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 25 Rest of the World: Crypto Asset Management Market Size, By End-User, 2016–2023 (USD Million)
Table 26 Rest of the World: Institutions Market Size, By Deployment Type, 2016–2023 (USD Million)
Table 27 Rest of the World: Retail and Ecommerce Market Size, By Deployment Type, 2016–2023 (USD Million)
Table 28 Rest of the World: Other End-Users Market Size, By Deployment Type, 2016–2023 (USD Million)
Table 29 Partnerships, 2017–2018
Table 30 New Product/Service Launches and Product Enhancements, 2016–2018
Table 31 Acquisitions, 2018
Table 32 Business Expansions, 2015–2018


List of Figures (19 Figures)

Figure 1 Crypto Asset Management Market Segmentation
Figure 2 Market Research Design
Figure 3 Market Bottom-Up Approach
Figure 4 Market Top-Down Approach
Figure 5 Market 2016–2023
Figure 6 On-Premises Deployment Type Accounted for A Higher Share in the Crypto Asset Management Market in 2017
Figure 7 Institutions Held the Highest Share in the Market in 2017
Figure 8 North America is Estimated to Account for the Highest Share in the Market in 2018
Figure 9 Increasing Reliance on Cryptocurrencies and Proliferation of Blockchain Technology to Drive the Market During the Forecast Period
Figure 10 Institutions Segment and On-Premises Deployment Type are Estimated to Account for High Shares in the North American Crypto Asset Management Market, 2018
Figure 11 Europe is Expected to Emerge as the Best Market for Investment Over the Next 5 Years
Figure 12 Crypto Asset Management Market: Drivers, Restraints, Opportunities, and Challenges
Figure 13 Cloud Deployment Type is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 14 Institutions End-User Segment is Expected to Dominate the Crypto Assest Management Market During the Forecast Period
Figure 15 North America to Dominate the Market During the Forecast Period
Figure 16 North America: Market Snapshot
Figure 17 Asia Pacific: Market Snapshot
Figure 18 Key Developments in the Crypto Asset Management Market (2015–2018)
Figure 19 Market Evaluation Framework, 2015–2018


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Report Code
TC 6728
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