Asset Servicing Market Size, Share, Growth Analysis, By Service(Fund Services, Custody And Accounting, Outsourcing Services, Securities Lending), By End user(Capital Markets, Wealth Management Firms), By Enterprise size(Large Enterprises, Medium And Small Enterprises), 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 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).

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 - 2024-2031

Global Market Size

USD 78.9 billion

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 (%)

To get more reports on the above market click here to Buy The Report

Asset Servicing Market Segmental Analysis

Asset Servicing market is segmented on the basis of Service end user enterprise size, deployment and region. By service, the market is segmented into Fund Services, Custody And Accounting, Outsourcing Services, Securities Lending. By end user, the market is segmented into Capital Markets, Wealth Management Firms and others. By enterprise size, the market is segmented into Large Enterprises, Medium And Small Enterprises . By the deployment the market is segmented into on premise and cloud based .By 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 (%)

To get detailed analysis on other segments, Request For Free Sample Report

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

To know more about the market opportunities by region and country, click here to
Buy The Complete Report

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.

Request Free Customization of this report to help us to meet your business objectives.

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 2023 USD 78.9 billion
Market size value in 2031 USD 128.5 billion
Growth Rate 5.8%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Service
    • Fund Services, Custody And Accounting, Outsourcing Services, Securities Lending
  • End user
    • Capital Markets, Wealth Management Firms
  • Enterprise size
    • Large Enterprises, Medium And Small Enterprises
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
  • 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).
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.

Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share

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
  • 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
  • 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
  • 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(%)

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.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

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 Asset Servicing market is expected to increase during the forecast period because new players are expected to enter in the 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 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 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.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Report ID: SQMIG45B2077

$5,300
BUY NOW GET FREE SAMPLE