Custody Service Market Size Projected To Reach $69.38 Billion By 2034 With A Cagr Of 9.1%

The Custody Service Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Custody Service Market Size and Projected Growth Rate?
In recent times, there has been a significant increase in the size of the custody service market. The market, which is projected to escalate from $45.19 billion in 2024 to reach $48.92 billion in 2025, is forecasted to experience a compound annual growth rate (CAGR) of 8.3%. The historic growth in this sector can be linked to various factors, including increasing globalization of financial markets, the rise of institutional investors, an emphasis on risk management and regulatory compliance, the growing complexity of financial instruments, and an enhanced focus on investor protection.

The market size for custody services is anticipated to experience robust expansion in the upcoming years, with predictions of it ballooning to $69.38 billion in 2029, boasting a Compound Annual Growth Rate (CAGR) of 9.1%. This anticipated rise in coming periods can be credited to a variety of factors, including diverse asset classes and alternative investments, changes and compliance with global regulations, evolving practices of risk management, the incorporation of environmental, social, and governance (ESG) factors, and changes in industry trends and investor preferences. Forecasts for the period also expect trends such as the tokenization of traditional assets, cross-border custody solutions, the expansion of insurance coverage, integration with the Defi ecosystem, and enhancements in scalability and automation.

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What Are the Major Segments in the Custody Service Market?
The custody service market covered in this report is segmented -

1) By Service: Core Custody Services, Ancillary Services, Core Depository Services, Other Administrative Services
2) By Type: Equity, Fixed Income, Alternative Assets, Other Types

Subsegments:
1) By Core Custody Services: Safekeeping Of Assets, Settlement Of Securities Transactions, Asset Servicing, Corporate Actions Processing
2) By Ancillary Services: Fund Accounting, Risk And Performance Analytics, Proxy Voting, Cash Management Services, Tax Support And Reporting
3) By Core Depository Services: Securities Issuance And Registration, Transfer Agency Services, Clearing And Settlement, Recordkeeping Of Securities
4) By Other Administrative Services: Regulatory Compliance And Reporting, Reporting And Reconciliation Services, Corporate Governance Support, Investor Relations Services, Data Management And Reporting

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What Are The Driving Custody Service Market Evolution?
The advancement and uniformity of processes are critical elements stimulating the expansion of the custody service market. The industry dealing with custody services is concentrating on leveraging technology to optimize efficiency. The mechanization and normalization of principal custody services and operations facilitate improved visibility, superior productivity through operational efficiency, and cost decreases for clients, enhancing service quality and enabling the custodian to rapidly respond to future requirements. The automation and standardization of custody services during the forecasted period are expected to bolster an asset-centric model, transitioning it into a more data-centric, open platform approach wherein the custodian will have access to an array of available services. For example, an automated reporting system delivers daily reports of exceptions, securities eligible for loan, securities currently on loan, the valuation of cash collateral, everyday mark-to-market data, and margin calls. Thus, such features of mechanization and uniformity are anticipated to propel the expansion of the custody service market.

Which Firms Dominate The Custody Service Market Segments?
Major companies operating in the custody service market include JPMorgan Chase & Co., HSBC Holdings plc, Citigroup Inc., Wells Fargo & Company, BNP Paribas, UBS AG, State Bank of India, Groupe Caisse d'Épargne, Deutsche Bank AG, HDFC Bank Ltd., ICICI Bank Ltd., The Bank of New York Mellon Corporation, DBS Bank Ltd., Commerzbank AG, State Street Bank and Trust Company, Northern Trust Corporation, Hang Seng Bank Limited, Kotak Mahindra Bank Limited, Standard Chartered plc, Yes Bank Ltd., Societe Generale Securities Services GmbH, Stock Holding Corporation of India Ltd., Julius Baer Group AG, Brown Shipley & Co. Limited, RBC Investor & Treasury Services, Edelweiss Custodial Services Ltd., Orbis Financial Corporation Ltd., Axis Bank Ltd., Brown Brothers Harriman & Co.

What Trends Are Driving Growth in The Custody Service Market?
The momentum for building digital asset custody platforms in custody services is increasing in the market. Enterprises within the international custody service market are putting more emphasis on digital asset custody, aiming for improved security and operational efficiency. As an example, BNY Mellon, an investment banking services firm based in the US, unveiled its Digital Asset Custody platform in 2022. The platform, which is operational in the US, supports clients with the storage and transfer of both bitcoin and ether. It acts as a bridge between digital and traditional asset custody, securing clients' private keys and managing some bookkeeping tasks for crypto assets in their portfolios.

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Which Is The Largest Region In The Custody Service Market?
North America was the largest region in the custody service market in 2024. Western Europe was the second largest market in the custody service market report. The regions covered in the custody service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Custody Service Market?
2. What is the CAGR expected in the Custody Service Market?
3. What Are the Key Innovations Transforming the Custody Service Industry?
4. Which Region Is Leading the Custody Service Market?

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