Custody Service Market Trends That Will Shape the Next Decade: Insights from The Rise Of Digital Asset Custody Platforms In The Custody Services Market

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How Large Will the Custody Service Market Size By 2025?
The market size for custody services has seen significant expansion in the past few years. It is projected to increase from $45.19 billion in 2024 to $48.84 billion in 2025, at a compound annual growth rate (CAGR) of 8.1%. Factors contributing to this growth during the historical phase include the globalization of financial markets, the emergence of institutional investors, the need for regulatory compliance and risk management, the escalating complexity of financial tools, and an emphasis on investor protection.

How Big Is the Custody Service Market Size Expected to Grow by 2029?
Predictions suggest a vigorous expansion in the market size of custody services in the upcoming years, with a projected value of $69.31 billion in 2029, signifying a compound annual growth rate (CAGR) of 9.1%. This surge during the forecast period could be due to a variety of factors including increases in alternative investments and diverse asset portfolios, compliance with global regulatory changes, advancements in risk management practices, consideration of environmental, social, and governance (ESG) parameters, changes in investor behaviors, and overall industry trends. Key market trends to look out for during this period would include the tokenization of traditional assets, international custody solutions, extended insurance coverage, integration within the defi ecosystem, as well as scalability and automation enhancements.

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Which Key Market Drivers Powering Custody Service Market Expansion and Growth?
The progression of the custody service market is closely tied to automation and standardization, key determinants of growth. With an emphasis on technological application for improved efficiency, the industry for custody services is recognizing and utilizing the advantages of automation and standardization in basic services and operations. This approach not only leads to more visibility, but it also enhances production by ensuring operational efficiency and reducing costs for clients. This results in better service and enables swift response to future requirements. As a result of this trend towards automation and standardization during the forecast period, the conventional asset-centric model is predicted to be succeeded by a more data-focused, open platform approach where the custodian can access a range of services. To illustrate, a system that provides automatic reports supplies daily updates on exceptions, available securities for loan, securities currently in loan, cash collateral valuation, daily mark-to-market data, and margin calls. Consequently, these standardizing and automating features are set to propel the expansion of the custody service market.

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What Long-Term Trends Will Define the Future of the Custody Service Market?
The evolution of digital asset custody platforms within custodial services is seeing significant market traction. Companies operating within the worldwide custody service scene are paying increased attention to digital asset custody, with improved security and operational efficiency as focal points. An example of this in 2022 is the US-based investment banking firm, BNY Mellon, which debuted its Digital Asset Custody platform in the US. This platform facilitates clients in holding and transferring bitcoin and ether. It serves as a multi-asset platform that forms a connection between traditional and digital asset custody. The platform safeguards clients' private keys and also assists in maintaining accounts of the crypto assets within their portfolios.

What Are the Emerging Segments in the Custody Service Market?
The custody servicemarket 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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Who Are the Global Leaders in the Custody Service Market?
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.

Which are the Top Profitable Regional Markets for the Custody Service Industry?
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.

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