The global crypto asset management market is expected to grow from $386m in 2020 to $1.12bn in 2025, according to new research.
A new report from ResearchAndMarkets.com estimates that the market will grow at a compound annual growth rate (CAGR) of 23.8% during the next five years, driven by growing venture capital funding and growing investments in crypto asset management technology.
The researchers also believed that the growth will be driven by the Asia Pacific, which has experienced an advanced and dynamic adoption of new technologies and is expected to record the highest CAGR in the global crypto asset management market during the forecast period.
APAC constitutes major economies, such as China, Japan, Singapore, Australia, and New Zealand, which are expected to register high growth rates in the crypto asset management market. Industries such as financial institutions, healthcare, retail and eCommerce, and travel and hospitality are expected to adopt crypto asset management solutions at the highest rate in the region.
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