This report describes and explains the asset servicing market and covers 2016-2021, termed the historic period, and 2021-2026 termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
The global asset servicing market reached a value of nearly $1,031.1 billion in 2021, having grown at a compound annual growth rate (CAGR) of 6.2% since 2016. The market is expected to grow from $1,031.1 billion in 2021 to $1,682.1 billion at a rate of 10.3%. The market is then expected to grow at a CAGR of 9.4% from 2026 and reach $$2,630.6 billion in 2031.
Growth in the historic period resulted from a rise in the number of high net worth individuals, digitization, and economic growth in emerging markets. The market was restrained by rising cybercrime risk, stringent regulations, and effect of covid-19 on companies.
Going forward, increasing retiree population, increasing wealth of high net worth individuals, rising demand for alternative investments, rising ETFs, rising urbanization, and increasing investments. Factors that could hinder the growth of the asset servicing market in the future include increasing fintech firms.
The asset servicing market is segmented by service into fund services, custody and accounting, outsourcing services, securities lending. The custody and accounting market was the largest segment of the asset servicing market segmented by service, accounting for 69.22% of the total in 2021. Going forward, the securities lending segment is expected to be the fastest growing segment in the asset servicing market segmented by service, at a CAGR of 13.79% during 2021-2026.
The asset servicing market is segmented by end-user into capital markets and wealth management firms. The capital markets market was the largest segment of the asset servicing market segmented by end-user, accounting for 74.6% of the total in 2021. Going forward, the wealth management firms segment is expected to be the fastest growing segment in the asset servicing market segmented by end-user, at a CAGR of 12.5% during 2021-2026.
The asset servicing market is segmented by enterprise size into large enterprises and medium and small enterprises. The large enterprises market was the largest segment of the asset servicing market segmented by enterprise size, accounting for 82.6% of the total in 2021. Going forward, the large enterprises segment is expected to be the fastest growing segment in the asset servicing market segmented by enterprise size, at a CAGR of 10.5% during 2021-2026.
North America was the largest region in the asset servicing market, accounting for 51.5% of the total in 2021. It was followed by Western Europe, and then the other regions. Going forward, the fastest-growing regions in the asset servicing market will be Western Europe, and, Asia-Pacific where growth will be at CAGRs of 11.5% and 11.4% respectively. These will be followed by Africa, and, North America where the markets are expected to grow at CAGRs of 10.3% and 9.6% respectively.
The global asset servicing market is consolidated with small number of large players dominating the market. The top ten competitors in the market made up to 2.30% of the total market in 2021. State Street Corporation was the largest competitor with 0.53% share of the market, followed by BlackRock with 0.47%, The Bank of New York Mellon with 0.38%, Northern Trust with 0.36%, HSBC with 0.15%, JPMorgan Chase with 0.13%, Citi Private Bank with 0.11%, BNP Paribas with 0.08%, UBS Group with 0.06%, and Crédit Agricole S.A. (CACEIS) with 0.04%.
The top opportunities in the asset servicing market segmented by service will arise in the custody and accounting market segment, which will gain $393.1 billion of global annual sales by 2026. The top opportunities in the asset servicing market segmented by end-user will arise in the capital markets market segment, which will gain $440.0 billion of global annual sales by 2026. The top opportunities in the asset servicing market segmented by enterprise will arise in the large enterprises market segment, which will gain $549.0 billion of global annual sales by 2026. The asset servicing market size will gain the most in the USA at $247.2 billion.
Market-trend-based strategies for the asset servicing market include focus on cloud-based platforms, focus on artificial intelligence (AI) applications, focus on robotic process automation, focus on big data analytics, focus on application programming interfaces (APIs) and focus on blockchain integration.
Player-adopted strategies in the asset servicing market include focus on investing in new product launches, geographical expansions and strategic collaborations and partnerships to strengthen product offerings and technological advancements.
To take advantage of the opportunities, the publisher recommends the asset servicing companies to focus on robotic process automation, invest in cloud-based platforms, focus on application programming interfaces (APIs), use big data analytics, integrate artificial intelligence in asset servicing, use blockchain technology, expand in emerging economies, offer competitive prices, continue to use B2B promotions and target fast-growing end-users.
The global asset servicing market reached a value of nearly $1,031.1 billion in 2021, having grown at a compound annual growth rate (CAGR) of 6.2% since 2016. The market is expected to grow from $1,031.1 billion in 2021 to $1,682.1 billion at a rate of 10.3%. The market is then expected to grow at a CAGR of 9.4% from 2026 and reach $$2,630.6 billion in 2031.
Growth in the historic period resulted from a rise in the number of high net worth individuals, digitization, and economic growth in emerging markets. The market was restrained by rising cybercrime risk, stringent regulations, and effect of covid-19 on companies.
Going forward, increasing retiree population, increasing wealth of high net worth individuals, rising demand for alternative investments, rising ETFs, rising urbanization, and increasing investments. Factors that could hinder the growth of the asset servicing market in the future include increasing fintech firms.
The asset servicing market is segmented by service into fund services, custody and accounting, outsourcing services, securities lending. The custody and accounting market was the largest segment of the asset servicing market segmented by service, accounting for 69.22% of the total in 2021. Going forward, the securities lending segment is expected to be the fastest growing segment in the asset servicing market segmented by service, at a CAGR of 13.79% during 2021-2026.
The asset servicing market is segmented by end-user into capital markets and wealth management firms. The capital markets market was the largest segment of the asset servicing market segmented by end-user, accounting for 74.6% of the total in 2021. Going forward, the wealth management firms segment is expected to be the fastest growing segment in the asset servicing market segmented by end-user, at a CAGR of 12.5% during 2021-2026.
The asset servicing market is segmented by enterprise size into large enterprises and medium and small enterprises. The large enterprises market was the largest segment of the asset servicing market segmented by enterprise size, accounting for 82.6% of the total in 2021. Going forward, the large enterprises segment is expected to be the fastest growing segment in the asset servicing market segmented by enterprise size, at a CAGR of 10.5% during 2021-2026.
North America was the largest region in the asset servicing market, accounting for 51.5% of the total in 2021. It was followed by Western Europe, and then the other regions. Going forward, the fastest-growing regions in the asset servicing market will be Western Europe, and, Asia-Pacific where growth will be at CAGRs of 11.5% and 11.4% respectively. These will be followed by Africa, and, North America where the markets are expected to grow at CAGRs of 10.3% and 9.6% respectively.
The global asset servicing market is consolidated with small number of large players dominating the market. The top ten competitors in the market made up to 2.30% of the total market in 2021. State Street Corporation was the largest competitor with 0.53% share of the market, followed by BlackRock with 0.47%, The Bank of New York Mellon with 0.38%, Northern Trust with 0.36%, HSBC with 0.15%, JPMorgan Chase with 0.13%, Citi Private Bank with 0.11%, BNP Paribas with 0.08%, UBS Group with 0.06%, and Crédit Agricole S.A. (CACEIS) with 0.04%.
The top opportunities in the asset servicing market segmented by service will arise in the custody and accounting market segment, which will gain $393.1 billion of global annual sales by 2026. The top opportunities in the asset servicing market segmented by end-user will arise in the capital markets market segment, which will gain $440.0 billion of global annual sales by 2026. The top opportunities in the asset servicing market segmented by enterprise will arise in the large enterprises market segment, which will gain $549.0 billion of global annual sales by 2026. The asset servicing market size will gain the most in the USA at $247.2 billion.
Market-trend-based strategies for the asset servicing market include focus on cloud-based platforms, focus on artificial intelligence (AI) applications, focus on robotic process automation, focus on big data analytics, focus on application programming interfaces (APIs) and focus on blockchain integration.
Player-adopted strategies in the asset servicing market include focus on investing in new product launches, geographical expansions and strategic collaborations and partnerships to strengthen product offerings and technological advancements.
To take advantage of the opportunities, the publisher recommends the asset servicing companies to focus on robotic process automation, invest in cloud-based platforms, focus on application programming interfaces (APIs), use big data analytics, integrate artificial intelligence in asset servicing, use blockchain technology, expand in emerging economies, offer competitive prices, continue to use B2B promotions and target fast-growing end-users.
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Report Attribute | Details |
---|---|
No. of Pages | 258 |
Published | November 2022 |
Forecast Period | 2021 - 2031 |
Estimated Market Value ( USD
| USD 1031.1 Billion |
Forecasted Market Value ( USD
| USD 2630.6 Billion |
Compound Annual Growth Rate | 9.8% |
Regions Covered | Global |
Table of Contents
1. Asset Servicing Market Executive Summary2. Table of Contents3. List of Figures4. List of Tables5. Report Structure
6. Introduction and Market Characteristics
7. Major Market Trends
8. Global Market Size And Growth
9. Global Market Segmentation
10. Global Market, Regional And Country Analysis
11. Asia-Pacific Market
12. Western Europe Market
13. Eastern Europe Market
14. North America Market
15. South America Market
16. Middle East Market
17. Africa Market
18. Competitive Landscape And Company Profiles
19. Key Mergers and Acquisitions In The Market
20. Asset Servicing Market Opportunities And Strategies
21. Asset Servicing Market, Conclusions And Recommendations
22. Appendix
Executive Summary
Asset Servicing Global Market Opportunities And Strategies To 2031 from the publisher provides the strategists; marketers and senior management with the critical information they need to assess the global asset servicing market as it emerges from the COVID-19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12 geographies
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates
- Create regional and country strategies on the basis of local data and analysis
- Identify growth segments for investment
- Outperform competitors using forecast data and the drivers and trends shaping the market
- Understand customers based on the latest market research findings
- Benchmark performance against key competitors
- Utilize the relationships between key data sets for superior strategizing
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
Description:
Where is the largest and fastest growing market for asset servicing? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The asset servicing market global report from the publisher answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider asset servicing market; and compares it with other markets.
The report covers the following chapters:
- Introduction and Market Characteristics: Brief introduction to the segmentations covered in the market, defintions and explanations about the asset servicing market
- Key Trends: Highlights the major trends shaping the global asset servicing market. This section also highlights likely future developments in the market
- Global Market Size and Growth: Global historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods
- Regional Analysis: Historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values and growth and market share comparison by region
- Market Segmentation: Contains the market values (2016-2031) and analysis for segmentation by service, by end-user and by enterprise size
- Regional Market Size and Growth: Regional market size (2021), historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values, and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region
- Competitive Landscape: Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players
- Key Mergers and Acquisitions: Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years
- Market Opportunities And Strategies: Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets
- Conclusions And Recommendations: Includes recommendations for asset servicing providers in terms of product/service offerings, geographic expansion, marketing strategies and target groups
- Appendix: This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report
Scope:
Markets Covered:
- 1) By Service: Fund Services; Custody And Accounting; Outsourcing Services; Securities Lending
- 2) By End-User: Capital Markets; Wealth Management Firms
- 3) By Enterprise Size: Large Enterprises; Medium And Small Enterprises
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; asset servicing indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
A selection of companies mentioned in this report includes:
- State Street Corporation
- BlackRock
- The Bank of New York Mellon
- Northern Trust
- HSBC
Methodology
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