What is the Market Demand for Crypto Asset Management?

The crypto asset management market is poised for significant growth, projected to rise from US$1.1 billion in 2024 to US$2.28 billion by 2031, reflecting a robust CAGR of 22.4% during this period. This expansion is driven by advanced technologies, including artificial intelligence and machine learning, which enhance portfolio management and transaction processing. The cloud deployment segment is expected to lead the market due to its scalability and flexibility. North America benefits from regulatory clarity and increased institutional investment, while the Asia Pacific region sees substantial growth from widespread cryptocurrency adoption among tech-savvy populations. Notably, countries like Japan, South Korea, Singapore, and Australia are at the forefront of crypto regulation. Additionally, custodian solutions are anticipated to capture 62% of the revenue share in 2024, further underscoring the market's evolving landscape.