The cryptocurrency asset-management market will grow to $9.4 billion by 2030, according to a new report from Allied Market Research. It was $670 million in 2020.
- The increase projected by the report equates to a compound annual growth rate of 30% from 2021 to 2030.
- Allied Market Research sees the COVID-19 pandemic as a driving force behind the adoption of cloud-based crypto asset management by banks and other institutions.
- Increased digitization of financial services, surging investments in crypto and access to easier ways of purchasing crypto assets will fuel growth throughout the remainder of the decade, Allied said.
- The crypto asset-management market is dominated by North America, and that is forecast to remain the case through 2030. However, Allied sees the Asia-Pacific region experiencing significant growth due to the presence of large numbers of crypto mining enterprises that are likely to turn to crypto asset-management solutions to help manage their business processes.
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