Global Family Office Market to be Propelled by Surging Number of New Businesses by CAGR of ~5% During 2022 - 2031

Kenneth Research published a report titled "Family Office Market: Global Demand Analysis & Opportunity Outlook 2031" which delivers detailed overview of the global family office market in terms of market segmentation by services, type, net worth managed, and by region.

Access Full Description: https://www.kennethresearch.com/report-details/family-office-market/10346745

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global family office market is expected to grow at ~ 5% CAGR over the forecast period, i.e., 2022-2031. The market is segmented by type into multi, and single- family office. Out of these, the single-family office segment is anticipated to hold the largest share over the forecast period owing to the rising number of billionaires, and the increasing need of the wealthier person to avail the services 24/7 as per their own needs.
A surging number of new businesses is anticipated to increase the growth of the global family office market. Moreover, an increasing investment options is further expected to surge the growth of the market.
Geographically, the global family office market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of them, the market in the North America region is projected to hold the largest market share by the end of 2031 on the back of rising need of high net-worth individuals to adjust their wealth for better investment, and the increasing number of family offices in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players' competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Rising High Net-Worth Individuals to Drive the Growth of the Market
According to the Global Wealth Report 2021, global household wealth increased by 7.4% to USD 418.3 trillion at the end of 2020.
There has been an increase in the demand for private wealth management services such as advisory, financial planning, and others followed by a rise in the number of high net-worth individuals. Therefore, it is projected to increase the growth of the global family market.
However, the lack of availability of family offices, high prices for the availability of services, and scarcity of high-level of expertise are expected to operate as key restraints to the growth of global family office market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global family office market which includes company profiling of Bessemer Trust, Deutsche Bank, USB AG, Cascade Investment Group, Bezos Expeditions, BMO Financial Group, Pictet Group, The Bank of New York Mellon Corporation, Wells Fargo, MSD Capital L.P., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global family office market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Request Report Sample@ https://www.kennethresearch.com/sample-request-10346745

Kenneth Research is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.
Contact for more Info:
AJ Daniel
Email: sales@kennethresearch.com
U.S. Phone: +1 313 462 0609

1412 Broadway, 21st Floor Suite MA111, New York

Kenneth Research provides market research reports to different individuals, industry, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 100,000 research reports provided by more than 25 market research publishers across different industries. Our collection of market research solutions covers both macro level and as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services globally across different industries. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products' demand, growth and opportunities for new and existing players.

This release was published on openPR.