Custody Service Market Size, Share, Growth, Company Profiles Review, Key Findings, Comprehensive Analysis Forecast by 2032

The Business Research Company's Custody Service Global Market Report 2023 identifies 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%.

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Major players in the custody services market are 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 service market consists of revenues earned by entities by providing services such as settlement, safekeeping, and reporting of customers' marketable securities and cash. Securities lending can allow a customer to make additional income on custody assets by loaning securities to approved borrowers on a short-term basis. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

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The Custody Service market is segmented -
1) By Service: Core custody services, Ancillary services, Core depository services, Other Administrative Services

2) 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 Custody Service market.

The Business Research Company's "Global Custody Service Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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

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