04-14-2017 10:41 PM CET - IT, New Media & Software
Print

Asset Management IT Solution Market - Growth, Trends, and Forecast by 2024

Press release from: TMR - Research Reports
Asset Management IT Solution Market, Global Asset Management IT Solution Market, Market Research, Market Trends
Asset Management IT Solution Market, Global Asset Management IT Solution Market, Market Research, Market Trends
The growing need for IT solutions for the management of assets such as equity, fixed income, real estate, commodities, and international investments is the key factor boosting the deployment and adoption of asset management IT solutions across the globe. Within the U.S., the need for asset management IT solutions is spurred by the increasing number and value of asset managers in the country. The U.S. Department of Commerce states that in 2015, U.S. asset managers held over US$51 trillion worth of long-term conventional assets under management, which amounted to slightly over 47.0% of the global funds that year.

The growth in exchange traded funds has also created a need for the management of IT solutions in the U.S. The market for asset management IT solutions in the country is projected to exhibit a CAGR of 5.1% from 2016 to 2024, rising from a valuation of US$828.5 mn in 2015 to US$1,298.2 mn by 2024.

Obtain Report Details @
www.transparencymarketresearch.com/us-asset-management-it...

By component, asset management IT services dominate the U.S. market. The service segment is expected to retain its lead throughout the forecast period as asset managers are looking to hire third-party service providers to automate their business processes. Within this segment, enterprise data management services hold the major share, followed by reporting solution and services. This sub-segment is also projected to register strong growth by 2024.

Based on application, the asset management IT solution market area is expected to expand at a CAGR of 4.9% from 2016 to 2024 owing to the growing number of wealth managers in the U.S. Within this segment, portfolio management accounted for the leading market share in 2015, which can be primarily attributed to the expanding customer base of investment management firms in the country.

The U.S. asset management IT solution market, by deployment model, is segmented into cloud-based, on-premise, and hybrid. On-premise software solutions account for the prominent share, followed by hybrid deployment. Owing to rising security concerns over cloud-based services and the need to prevent the leakage of clients’ critical information, on-premise deployment is expected to hold a significant share in the coming years.

Make an Enquiry @
www.transparencymarketresearch.com/sample/sample.php?flag...

The northeastern region of the U.S. is expected to lead the asset management IT solutions market, accounting for a share of over 42.0% in 2016. Retaining its dominance throughout the forecast period, this region is fueled primarily due to the presence of a large number of asset managers.

The asset management IT solutions market in the southern region of the country is expected to expand at a high CAGR of 6.1% during the forecast period. This growth can be attributed to the rise in number of investment management firms in order to meet the rising demand for asset management in the region. Furthermore, the adoption of Big Data in investment management supports the growth of the asset management IT solution market in the U.S.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

Contact

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com

This release was published on openPR.
News-ID: 503229 • Views: 406
More releases More releases
Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR.
openPR disclaims liability for any content contained in this release.

You can edit or delete your press release here: