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

Asset Servicing Market size was valued at USD 78.9 billion in 2021 and is poised to grow from USD 82.36 billion in 2022 to USD 128.5 billion by 2030, growing at a CAGR of 5.8% in the forecast period (2023-2030).

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. '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).'

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.

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.

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.