USD 78.9 billion
Asset Servicing Market Size, Share, Growth Analysis, By Service(Fund Services, Custody and Accounting, Outsourcing Services, Securities Lending), By Enterprise Size(Large Enterprises, Small and Medium-sized Enterprises), By End User(Capital Markets, Wealth Management Firms, Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45B2077 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|Tables:
89
|Figures:
66
Asset Servicing Market Insights
Asset Servicing Market size was valued at USD 82.36 billion in 2022 and is poised to grow from USD 87.13 billion in 2023 to USD 136.80 billion by 2031, growing at a CAGR of 5.8% during the forecast period (2024-2031).
Asset Servicing are becoming popular since it has many benefits such as reduce customer complaints, increase customer value, improve efficiency by understanding equipment utilization, budgeting for the future, ensuring compliance with the regulation and accreditation equipment maintenance, reduce loss theft prevention, benefits of asset tracking software easily locate assets, proactively monitor equipment conditions.
Along with all the advantages, today's era has seen a rising number of high net worth individuals, digitisation, and economic growth in the emerging market. This all the applications and reasons led to the growth of the asset servicing market. Moreover, in the future , an increasing retiree population, increasing wealth of high net worth individuals, rising demand for alternative investment, rising ETFs, rising urbanization and increasing investments are the factors that could help to propel the asset servicing market.
US Asset Servicing Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2023-2030
Global Market Size
Largest Segment
Custody and accounting
Fastest Growth
Custody and accounting
Growth Rate
5.8% CAGR
Global Asset Servicing Market 2021-2030 ($ Bn)
Country Share for Europe Region- 2021 (%)
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Asset Servicing Market Segmental Analysis
Global Asset Servicing Market is segmented by Service, Enterprise Size, End User, and region. Based on Service, the market can be segmented into Fund Services, Custody and Accounting, Outsourcing Services, Securities Lending, Others . Based on Enterprise Size, the market can be segmented into Large Enterprises, Small and Medium-sized Enterprises. Based on End User, the market is segmented into Capital Markets, Wealth Management Firms, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Asset Servicing Market Analysis by Service
By service, the global market is divided into many segments such as Fund Services, Custody And Accounting, Outsourcing Services, Securities Lending. The Custody And Accounting segment held the largest global Asset Servicing market share due to the wide range of benefits provided by it in Asset Servicing.
Along with the custody and accounting segment, the security Lending segment is expected to be the fastest growing segment with highest CAGR.
Asset Servicing Market Analysis by End user
By end user, the Asset Servicing market is classified into Capital Markets, Wealth Management Firms and others. The capital Market is one of the main reasons for innovation and growth across the global market. It is considered a game-changer in the Asset service market.
In the future, it is expected that the wealth management segment will be the fastest growing segment due to the increasing wealth of single individuals.
Global Asset Servicing Market By Vertical 2021 (%)
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Asset Servicing Market Regional Insights
Globally, North America is estimated to hold the highest global Asset Servicing market share. Main factors during this growth period is the presence of top market players High net worth individuals and ultra high net worth individuals and others.
Above all, Europe is expected to grow fastest during the forecast period. The reason for the same is increasing acquisition of Asset Servicing technology in the region of Europe and mainly in the UK and germany. In addition, major operators are investing heavily in order to provide high speed services at an affordable price to the consumers, which is likely to boost the demand for Asset Servicing in the region.
Global Asset Servicing Market By Geography, 2021-2030
- Largest
- Fastest
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Asset Servicing Market Dynamics
Asset Servicing Market Drivers
Increasing Usage of Alternative Investment to Bolster Market Growth
- The Asset Servicing card is a type of key facilitator for High net worth individuals and ultra high net worth individuals to play a role as alternative source of investment.These alternative investments are the financial assets that do not fall in the category of conventional financial assets such as stocks, bonds and cash.The alternative assets provides several benefits such as diversification, reduction in the portfolio, risk, availability in private market.Low correlation with other asset, less regulation, relatively higher returns.These increasing popularity and usage of alternative investment is expected to propel the growth of asset servicing marketing future.
Asset Servicing Market Restraints
Security Concerns to Hinder Market Growth
- Rising cyber crime, stringent regulation and effect on the manufacturing during the lockdown has led to the hindrance to the growth of the market. Moreover, The increase of fintech firms will affect the growth of the market.
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Asset Servicing Market Competitive Landscape
Competition in the global Asset Servicing market is expected to increase during the forecast period because new players are expected to enter in the global market and the number of services compatible with Asset Servicing will also increase. Currently, only a few key players are providing their services in the global market but these numbers will increase in the upcoming years.
Asset Servicing Market Top Player’s Company Profiles
- National Australia Bank Limited
- CACEIS
- BNY Mellon
- HSBC
- JP Morgan
- Citi
- The Bank of New York Mellon Corporation (BNY Mellon)
- State Street Corporation
- UBS
- Clearstream (Deutsche Börse Group).
Asset Servicing Market Recent Developments
- In October 2022, BNY Mellon announced that its Digital Asset Custody platform is live in the U.S. With select clients now able to hold and transfer bitcoin and ether, this milestone reinforces BNY Mellon's commitment to support client demand for a trusted provider of both traditional and digital asset servicing.
Asset Servicing Key Market Trends
- One of the major trends in the Asset servicing market is robotic process automation or automation. The major advantage of robotic process automation is that it could reduce the head count by 60 to 70% in asset servicing industry while also achieving cost savings of approximately 30 to 40%. The repetitive or routine business process is performed that is currently used by transaction processing teams or service centers in the software tools known as bots or robots, provided through robotic process automation.
Asset Servicing Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global Asset Servicing market analysis, the global market is estimated to have significant growth during the forecast period because of the benefits it consists of such as it is a type of key facilitator for High net worth individuals and ultra high net worth individuals to play a role as alternative source of investment. The market has so much potential for new players also because of the high expected rate of growth and demand.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 78.9 billion |
| Market size value in 2030 | USD 128.5 billion |
| Growth Rate | 5.8% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Asset Servicing Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Asset Servicing Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Asset Servicing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Asset Servicing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Asset Servicing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Asset Servicing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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