Asset Servicing Market Report 2023 - Industry Insights, Data Analysis, Demand Factor, And Forecast To 2032
As per the asset servicing market report by The Business Research Company, globalization acts as a major driver for the growth of the asset servicing industry. According to a study on global asset servicing, nearly 60% of asset services in Assets Under Administration (AUA) and Assets Under Contract (AUC) predict that globalization is likely to be a strong driver for the asset servicing market's growth over the forecast period. The players dealing in the asset servicing industry are majorly focusing on the APAC markets and other growing economies.
The global asset servicing market will grow from $1159.45 billion in 2022 to $1277.82 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global asset servicing market is expected to grow to $1830.69 billion in 2027 at a CAGR of 9.4%.
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Major competitors in the asset servicing market include National Australia Bank Limited, CACEIS, BNY Mellon, HSBC, JP Morgan, Citi, The Bank of New York Mellon Corporation (BNY Mellon), State Street Corporation, UBS, and Clearstream (Deutsche Börse Group).
The asset servicing market is segmented -
• 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 Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the asset servicing market.
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Asset servicing refers to a set of tasks and activities performed by a custodian for his clients in relation to the assets in his custody.
The Table Of Content For The Asset Servicing Market Include:
1. Executive Summary
2. Asset Servicing Market Characteristics
3. Asset Servicing Market Trends And Strategies
4. Asset Servicing Market - Macro Economic Scenario
5. Asset Servicing Market Size And Growth
6. Asset Servicing Market Segmentation
26. Africa Asset Servicing Market
27. Asset Servicing Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Asset Servicing Market
29. Asset Servicing Market Future Outlook And Potential Analysis
The "Global Asset Servicing Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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