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Custody Service Market Is Predicted To Witness Incremental Growth In The Forecast Period 2023-2032 | Bank of New York Mellon, Citigroup, JP Morgan Chase

Custody Services Market

Custody Services Market

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032.

As per the custody services market report by The Business Research Company, the automation and standardization are key factors driving the growth of the custody services market. The custody services industry is focusing on using technology to improve efficiency. The automation and standardization of core custody services and operations result in higher visibility, enhanced productivity due to operational efficiency, and cost reductions for customers; they improve quality of service and allow the custodian to react quickly to future needs. Due to the automation and standardization of custody services in the forecast period, the asset-centric model is expected to be augmented by a more data-centric, open platform method where the custodian will have access to a variety of available services.

The global custody services market grew from $38.17 billion in 2022 to $41.57 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. 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 custody services market is expected to grow from $57.9 billion in 2027 at a CAGR of 8.6%.

Read More On The Custody Services Market Report Here:
https://www.thebusinessresearchcompany.com/report/custody-service-global-market-report

Major competitors in the custody services market include Bank of New York Mellon, Citigroup, JP Morgan Chase, State Street Bank and Trust, BNP Paribas, Northern Trust Corporation, HSBC, Societe Generale Securities Services, Brown Brothers Harriman & Co., and Caisse d'Epargne Investor Services.

The custody services market is segmented -
• By Service: Core custody services, Ancillary services, Core depository services, Other Administrative Services
• By Type: Equity, Fixed Income, Alternative Asstes, Other Types
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the global custody services market.

Check Out Buying Options For The Custody Services Market Report Here:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3797

Custody services typically include the settlement, safekeeping, and reporting of marketable securities and cash held by customers. By lending securities to approved borrowers on a short-term basis, a customer can earn additional income on custody assets.

The Table Of Content For The Custody Services Market Include:
1. Executive Summary
2. Custody Services Market Characteristics
3. Custody Services Market Trends And Strategies
4. Custody Services Market - Macro Economic Scenario
5. Custody Services Market Size And Growth
6. Custody Services Market Segmentation
……
26. Africa Custody Services Market
27. Custody Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Custody Services Market
29. Custody Services Market Future Outlook And Potential Analysis
30. Appendix

The "Global Custody Services 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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