Inflows from Developing Countries to Global Crypto Asset Management Markets, 2021-2025. Also in Growth in VC Investments, Safeguarding Cryptocurrency Assets & Proliferation of Blockchain Technology. With a Compound Annual Growth Rate (CAGR) of 21.5 percent throughout the projection period. The global crypto asset management market is expected to increase from USD 0.4 billion in 2021. To USD 1.2 billion by 2026, representing a compound annual growth rate (CAGR) of 21.5 percent.
The increasing amount of venture capital funding as well as the increasing amount of investment. In crypto asset management technology will help to propel the market forward.
Market growth will be driven by solution, with the wallet management sector. Expected to be the fastest-growing category throughout the projected period.
Businesses can use a wallet management solution to protect their digital assets. While also streamlining their corporate operations. The solution is mostly used by asset managers and small financial institutions.
The use of cryptocurrencies is becoming more widespread. Among both major and small financial organizations alike. During the projection period, it anticipated that the need for wallet management solutions would expand. As a result, crypto asset solution providers will be able to capitalize. On new prospects in the crypto asset management industry.
The mobile sector will increase at the fastest rate during the projection period
The mobile category expected to increase at the fastest rate. During the forecast period, regardless of the application type used.
Asset dealers and cryptocurrency miners may find it more convenient to use mobile apps. It is design specifically for cryptocurrency exchange. Several stock market applications, including cryptocurrency apps. And have developed, and these sorts of apps not only allow users to have complete control. Over their digital assets, but they also allow them to trade with them. These cryptocurrencies, which enabled by blockchain technology. Which can be use for a wide range of payments and transactions.
In most cases, electronic wallet applications used to hold digital assets and money. Letting users to spend their funds on transactions involving blockchain technology. A portfolio of numerous cryptocurrencies maintained by digital asset tracker apps, which work hard to give up-to-date information about the rates, trades. Market dynamics, and overall performance of various cryptocurrencies. Coinbase, Gemini, and Crypto Finance, as well as Vo1t and BitGo. Are just a handful of the cryptocurrency asset management companies available.
The Asia Pacific market is predicted to grow rapidly in the next years
In the future years, the Asia Pacific area predicted to be the fastest-growing market in the world.
During the projected period, the APAC region is expect to provide considerable growth prospects. For vendors working in the cryptocurrency management market. Rapid developments in network infrastructure, cloud computing, economic growth. And a stable inflows from geopolitical system have created a favorable environment for the expansion. Of solution providers in the Asia-Pacific area (APAC) region.
The presence and use of digital currency have a substantial impact on the financial system in the Asia-Pacific region. With the rise of cryptocurrencies, several large financial institutions have drawn. To the technology in order to achieve better business agility in their banking systems. Blockchain technology, which inflows from underpins cryptocurrency, enables institutional clients to make transactions and exchanges more swiftly. Allowing them to trade more fast overall. Because of the decentralized nature of digital currency, it does not require the involvement of a third party.
In this way, rising use of cryptocurrencies among financial institutions. It would contribute to the expansion of APAC’s cryptocurrency investment and asset management sector.