Corporate Secretarial Services Market Outlook to 2025 - TMF Group, PwC, Deloitte, Mazars, KPMG, MSP Secretaries, Luther Corporate Services Pte, Tricor Group, Ernst & Young, and Ecovis
This report studies the global market size of Corporate Secretarial Services in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Management Consulting Services in these regions.
The Major Key Market Players:
1. TMF Group
6. MSP Secretaries
7. Luther Corporate Services Pte Ltd.
8. Tricor Group
9. Ernst & Young
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The global corporate secretarial services market accounted to US$835.5 Mn in 2017 and is expected to grow at a CAGR of 7.3% during the forecast period 2018 – 2025, to account to US$1,440.5 Mn by 2025.
Corporate secretarial services comprise services offered to ensure the company's compliance with the statutory and regulatory requirements. The service provider handles the client's company share transaction, act as an advisor to the company, and implement the decisions of the board of directors. This service also includes drafting of company documents including the memorandum of association, articles of association, agreements, allotment letter, and others.
Increased compliances & disclosures, extensive records keeping & documentation, and lack of in-house expertise are some of the factors contributing to the revenue growth of global corporate secretarial services market. However, concerns among executives pertaining to the leak of confidential information are identified as one of the major factor inhibiting the growth of the corporate secretarial services market. Conducting off-shore business require companies to meet international compliance, which will further drive the companies to outsource corporate secretarial services, thus the revenue growth opportunities in the global corporate secretarial service market.
Risk and uncertainty are the constant factors for businesses today as the threat from any corner can shake the entire industry set up and change the way in which businesses perform. Conventional and traditional business practices always face the risk factor from the disruptive technologies or new entrants in the market. In such a dynamic and ever-changing scenario, corporate secretarial services by businesses play a highly critical role to survive in the market. Having a pre-handed idea on the changing market dynamics hands advantage to the organizations, and this can be done by leveraging upon the expertise of the personnel. Thus, in the scenario where fierce competition is being witnessed, being prepared with various solutions to counter challenging situations and emerge as the leader, the need for corporate secretarial service arises.
The global corporate secretarial services market has been segmented on the basis of service type and end user. For the corporate secretarial services market, some of the widely used services have been broadly segmented into company & subsidiaries formation, compliance services, statutory record maintenance, corporate housekeeping, share capital assistance, advice & assistance, and others. Further, the corporate secretarial services market has been segmented on the basis of end-users into listed companies, private firms, charity, and others. The analysis for the market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM) is also provided in the corporate secretarial services market report.
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