Asset Management Market Industry Growth Analysis 2020 By Major Key Players are JP Morgan Stanley, Axis Mutual Fund, BNP Paribas S.A., HSBC Holdings plc

Asset Management Market By Type Of Asset Class (Equity, Fixed Income, Alternative Assets And Others), By Type Service Element (Asset Services, Custody Services), By Type Client (Mass Affulent, Hnwi, Pension Funds, Insurance Companies, Sovereign Wealth Funds (Swf)), And By Region, Opportunities And Strategies – Global Forecast To 2030 By The Business Reach Company

The global asset management market reached a value of nearly $656.9 billion in 2019, having increased at a compound annual growth rate (CAGR) of 6.5% since 2015. The market is expected to decline from $656.9 billion in 2019 to $598.9 billion in 2020 at a rate of -8.8%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 9.6% from 2021 ad reach $788.8 billion in 2023.

The Key drivers of the asset management market include:
Rising Demand For Alternative Investments – Going forward, increasing demand for alternative investments is expected to drive the market for asset management. There has been an increasing preference for alternative investments among the high net worth individuals and ultra-high net worth individuals. Alternative investments are financial assets, which do not fall into the category of conventional financial assets, such as stocks, bonds, and cash.

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Asset Management Market Segmentation:-
By Type Service Element - The asset management market can be segmented by type of service element into
1. Asset Services
2. Custody Services

The asset servicing market was the largest segment of the asset management market segmented by service element, accounting for 93.2% of the total in 2019. Going forward, the custody services segment is expected to be the fastest growing segment in the asset management market, at a CAGR of 7.4% during 2019-2023.

By Type Client - The asset management market can be segmented by type of client into
1. Mass Affulent
2. HNWI
3. Pension Funds
4. Insurance Companies
5. Sovereign Wealth Funds (SWF)

The mass affluent market was the largest segment of the asset management market segmented by end-user, accounting for 36.1% of the total in 2019.

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By Geography - The asset management market is segmented into
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa

Some of the major key players involved in the asset management market are
1. JP Morgan Stanley
2. Morgan Chase & Co.
3. Bank of America Corporation
4. Wells Fargo & Company
5. The Goldman Sachs Group, Inc.

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

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