Geographically, the crypto asset management market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa. The market in the Asia Pacific is expected to hold largest revenue share by 2036, owing to increased inflow of remittances in emerging economies and the geographic expansion in the region by major market players. Furthermore, the market in North America is evaluated to occupy the largest share in terms of revenue during the forecast period, ascribing to the strong economic development, accompanied by the presence of leading market players dealing in crypto asset management solutions in the region. Alternatively, the market in Europe is also anticipated to occupy a significant share on account of the rising awareness about crypto asset management and high focus on digitization by the governments in the region. As per the latest development report on European Union Blockchain Ecosystem, in 2018, 21 European Union member countries, along with Norway, signed a declaration for creating a European Blockchain Partnership with the aim to provide digital public services to the required level of digital security and maturity of the present society.
Author Credits: Abhishek Verma
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