Market Overview:
The global cryptocurrency custody software market is expected to grow at a CAGR of over 20% during the forecast period from 2018 to 2030. The increasing demand for secure and reliable storage solutions for cryptocurrencies is one of the key factors driving the growth of this market. In addition, the growing acceptance of cryptocurrencies as a mode of payment and investment is also contributing to the growth of this market. However, lack of awareness about cryptocurrencies and their associated risks may restrain the growth of this market in some regions. On the basis on type, PaaS segment is expected to hold major share in global cryptocurrency custody software market during forecast period due to its advantages such as easy deployment, low cost & maintenance and scalability. API segment would be fastest growing type segment with CAGR more than 25%. On basis on application, personal use segment would dominate global cryptocurrency custody software market with largest share followed by large enterprises & SMEs segments respectively.
Product Definition:
Cryptocurrency Custody Software is a type of software that allows for the safekeeping of cryptocurrency assets. The importance of Cryptocurrency Custody Software lies in its ability to protect users' funds from theft or loss.
Paas:
The global paas (Personal Accountant Software) market size was valued at USD 0.92 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 16.5% from 2019 to 2025. The market growth can be attributed to the growing demand for efficient financial management, rising adoption of cloud-based solutions among small businesses, and increasing awareness regarding budgeting and expense management among individuals across the globe.
API:
Application Programming Interface (API) is a set of tools and protocols that help in the smooth flow of information between applications. It provides a way for developers to integrate new functionalities into their existing applications without having to upgrade the whole application. APIs are used by cryptocurrency custodians for managing various aspects related to security, storage, and trading of digital assets including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), etc.
Application Insights:
The large enterprises segment accounted for the largest market share of more than 50% in 2017. The growth can be attributed to the increasing adoption of digital currency by large enterprises as a medium for intra-company payments. The adoption is highest among BFSI, telecom & IT and retail sectors. Large enterprise customers require proper management of their cryptocurrency assets as they have a lot of invested in it and are sensitive to its volatility, which impacts the company's balance sheet position.
Large enterprise customers require proper management with respect to custody transfer services along with insurance cover against risks related to cyber-attacks, frauds, or thefts on account of valuable cryptocurrency held by them at any time during business operations or while traveling abroad on behalf of clients or employees.
Regional Analysis:
The Asia Pacific region is anticipated to lead the global market over the forecast period. The regional growth can be attributed to increasing adoption of digital currencies in China and Japan. Japan has been one of the most aggressive countries regarding digital currency regulation, which has resulted in a decline in its overall cryptocurrency market share but an increase in its financial services industry penetration rate for virtual currencies.
China is also expected to have a major impact on global growth through rising demand for consumer protection and investor protection measures across various asset classes including stocks, bonds, derivatives, forex and cryptocurrencies. As per recent trends, Chinese investors hold more than billion worth of bitcoin while trading occurs at least once every quarter between 1 million yuan (around 0 thousand) and 2 million yuan (around 0 thousand).
Growth Factors:
- Increasing demand for cryptocurrency custody software from the banking and financial sector to secure their digital assets.
- Rising number of cryptocurrency investors and traders looking for safe and secure storage solutions for their digital currencies.
- Proliferation of blockchain technology across various industries is expected to create new opportunities for the Cryptocurrency Custody Software market growth over the forecast period.
- Growing popularity of cryptocurrencies as an investment asset class is anticipated to boost demand for Cryptocurrency Custody Software in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cryptocurrency Custody Software Market Research Report
By Type
Paas, API
By Application
Personal Use, Large Enterprises, SMEs, Other
By Companies
BitGo, Coinbase, Velona, Ambisafe, Kingdom Trust, Block.io, Fidelity Digital Assets, Ledger SAS, itBit, Swiss Crypto Vault, Base Zero, Gemini
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Cryptocurrency Custody Software Market Report Segments:
The global Cryptocurrency Custody Software market is segmented on the basis of:
Types
Paas, API
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Personal Use, Large Enterprises, SMEs, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BitGo
- Coinbase
- Velona
- Ambisafe
- Kingdom Trust
- Block.io
- Fidelity Digital Assets
- Ledger SAS
- itBit
- Swiss Crypto Vault
- Base Zero
- Gemini
Highlights of The Cryptocurrency Custody Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Paas
- API
- By Application:
- Personal Use
- Large Enterprises
- SMEs
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cryptocurrency Custody Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cryptocurrency custody software is a type of software that helps manage and store cryptocurrencies. It allows users to securely store their cryptocurrencies in a safe and secure manner.
Some of the key players operating in the cryptocurrency custody software market are BitGo, Coinbase, Velona, Ambisafe, Kingdom Trust, Block.io, Fidelity Digital Assets, Ledger SAS, itBit, Swiss Crypto Vault, Base Zero, Gemini.
The cryptocurrency custody software market is expected to grow at a compound annual growth rate of 20%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cryptocurrency Custody Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cryptocurrency Custody Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cryptocurrency Custody Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cryptocurrency Custody Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cryptocurrency Custody Software Market Size & Forecast, 2018-2028
4.5.1 Cryptocurrency Custody Software Market Size and Y-o-Y Growth
4.5.2 Cryptocurrency Custody Software Market Absolute $ Opportunity
Chapter 5 Global Cryptocurrency Custody Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Cryptocurrency Custody Software Market Size Forecast by Type
5.2.1 Paas
5.2.2 API
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cryptocurrency Custody Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Cryptocurrency Custody Software Market Size Forecast by Applications
6.2.1 Personal Use
6.2.2 Large Enterprises
6.2.3 SMEs
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cryptocurrency Custody Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cryptocurrency Custody Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Cryptocurrency Custody Software Analysis and Forecast
9.1 Introduction
9.2 North America Cryptocurrency Custody Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Cryptocurrency Custody Software Market Size Forecast by Type
9.6.1 Paas
9.6.2 API
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Cryptocurrency Custody Software Market Size Forecast by Applications
9.10.1 Personal Use
9.10.2 Large Enterprises
9.10.3 SMEs
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Cryptocurrency Custody Software Analysis and Forecast
10.1 Introduction
10.2 Europe Cryptocurrency Custody Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Cryptocurrency Custody Software Market Size Forecast by Type
10.6.1 Paas
10.6.2 API
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Cryptocurrency Custody Software Market Size Forecast by Applications
10.10.1 Personal Use
10.10.2 Large Enterprises
10.10.3 SMEs
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Cryptocurrency Custody Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cryptocurrency Custody Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Cryptocurrency Custody Software Market Size Forecast by Type
11.6.1 Paas
11.6.2 API
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Cryptocurrency Custody Software Market Size Forecast by Applications
11.10.1 Personal Use
11.10.2 Large Enterprises
11.10.3 SMEs
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Cryptocurrency Custody Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Cryptocurrency Custody Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Cryptocurrency Custody Software Market Size Forecast by Type
12.6.1 Paas
12.6.2 API
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Cryptocurrency Custody Software Market Size Forecast by Applications
12.10.1 Personal Use
12.10.2 Large Enterprises
12.10.3 SMEs
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Cryptocurrency Custody Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cryptocurrency Custody Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Cryptocurrency Custody Software Market Size Forecast by Type
13.6.1 Paas
13.6.2 API
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Cryptocurrency Custody Software Market Size Forecast by Applications
13.10.1 Personal Use
13.10.2 Large Enterprises
13.10.3 SMEs
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cryptocurrency Custody Software Market: Competitive Dashboard
14.2 Global Cryptocurrency Custody Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BitGo
14.3.2 Coinbase
14.3.3 Velona
14.3.4 Ambisafe
14.3.5 Kingdom Trust
14.3.6 Block.io
14.3.7 Fidelity Digital Assets
14.3.8 Ledger SAS
14.3.9 itBit
14.3.10 Swiss Crypto Vault
14.3.11 Base Zero
14.3.12 Gemini
