openPR Logo
Press release

Asset Management IT Solution Market: On-premise Solutions Gain Preference over Cloud-based Deployment Model

Asset Management IT Solution Market: On-premise Solutions Gain

The U.S. asset management IT solutions market is highly competitive due to the presence of several leading players in the market, observes a new report by Transparency Market Research. Due to the low initial capital required a large number of companies are foraying into the market further heating up competition in the market. Low product differentiation is also serving to heat up competition among market players.

Hewlett Packard Enterprise Development LP, FundCount, QED Financial System, ProTrak International, Broadridge Investment Management Solutions, SoftTarget Inc., SimCorp Inc., eFront Financial Solutions, SunGard Finacials, and CreditPoint Software are to name some of the key names in U.S. asset management IT solution market. Key companies are mostly leveraging acquisitions and partnerships in order to garner a greater market share.

The TMR report predicts the U.S. asset management IT solutions market to rise at a CAGR of 5.1% for the forecast period between 2016 and 2024. Progressing at this rate, the market will become worth US$1,298.2 mn by 2024 from US$828.5 mn in 2015. Based on deployment model, on-premise software solutions lead amongst other segments; the segment held 43.6% market share in 2016. In terms of geography, the northeastern region is likely to lead among other regions in the U.S. asset management IT solution market.

Request PDF Brochure:

Proliferation of Exchange Traded Funds Drives Market

Majorly fuelling the asset management IT solution market in the U.S. is the proliferation of exchange traded funds (ETFs) in the country. ETFs gain preference due to their tax efficiency and high returns. This has upped the demand for asset management IT solutions that can help keep a record of price fluctuations and also provide support to asset manager to maximize returns on an asset.

The complicated financial regulations of the U.S. government is another key growth driver of the U.S. asset management IT solutions market. “The implementation of compliances, namely Dodd-Frank Act and Foreign Account Tax Compliance Act have resulted in additional reporting requirements from asset managers, which is further bolstering the IT asset management IT solutions market in the U.S.

Further, the rising need for IT solutions for managing equity, real estate, fixed income, commodities, and international investments is another significant factor boosting the adoption of asset management IT solutions in the U.S. As per statistics Department of Commerce in the U.S., in 2015, U.S. asset managers held assets worth more than US$51 trillion of long-term conventional assets, which was slightly over 47% of global funds in the same year.

Risk of Loss of Critical Data Challenges Adoption

On the contrary, proving to be a roadblock to the growth of U.S. asset management IT solutions market is concerns over data security. This is because asset management companies store important finance data of large finance institutions and high net-worth individuals, and with digitization of the banking sector and deployment of cloud-based computing, data vulnerability has increased manifold. Rise in cybercrimes is thus limiting the adoption of asset management IT solutions.

Report TOC:

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact TMR

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Asset Management IT Solution Market: On-premise Solutions Gain Preference over Cloud-based Deployment Model here

News-ID: 1155200 • Views: 793

More Releases from Transparency Market Research

Market Intelligence Report on Calcite Market, 2018-2028
Sales of calcite have witnessed utter proliferation in recent time, in line with the growing demand from paper and pulp sector wherein calcite is highly adopted as a coating and filler material. According to Transparency Market Research analysis, global calcite market is anticipated to register 4.7% CAGR during the study period 2018–2028. The TMR report opines that demand for calcite is highly driven by its significant properties that are paving way
Pearlescent Pigments Market Intelligence Report Offers Growth Prospects
The demand within the global pearlescent pigment market is slated to rise as new creative avenues emerge in the art and craft industry. Several artists have increased the consumption of pearlescent pigments, mainly due to the aesthetic value of these pigments in art forms. The use of these pigments can majorly be attributed to the gloss and shine imparted by these pigments to the design or craft. These pigments exhibit
Aragonite Market to Witness Steady Growth During the Forecast Period 2018-2026
Global Aragonite Market: Overview Aragonite is a carbonate mineral having an orthorhombic crystal system, and very closely resembles calcite. It is considered as the purest form of calcium carbonate. The mineral has garnered wide popularity as gemstone in various parts of the world and has promising healing properties with energy enhancing powers. Aragonite contains traces of magnesium and sand inclusion but rich in calcium carbonate, and is alkaline in nature. It
OEM Insulation Market Growth, Trends and Value Chain 2019-2027 by TMR
OEM Insulation Market – Overview OEM means Original Equipment Manufacturer that indicates to a company that produces a part or a subsystem of a product that is being used by another organization. Thermal insulation or simply insulation allows the product to cut down the heat gain or loss at the minimum by creating a barrier between the surfaces at the varying temperatures. There are wide range of applications and end-use verticals

All 5 Releases

More Releases for TMR

TMR Research
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: Monolithic ceramics are
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
Subsea Boosting Systems Market Analysis : TMR
Due to a limited number of manufacturers of subsea boosting systems, the degree of competition in the global subsea boosting systems market is expected to substantially increase, reports Transparency Market Research (TMR) in a new study. The leading manufacturers of subsea boosting systems are focusing on pricing strategies to attract consumers and maintain their leading position in the industry. The top three companies, FMC Technologies, OneSubsea, and GE Oil &
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the