U.S. Asset Management IT Solution Market to Reach at US$1,298.2 mn by 2024: Risk of Loss of Critical Data Challenges Adoption

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.

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.

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U.S. Asset Management IT Solution Market: Overview

Asset management refers to managing tangible or intangible assets. An asset management company serves as an advisor to clients, with a goal to maximize returns. Asset management firms are hired by institutional investors such as pension funds, corporations, and high net worth individuals. The asset management firms need IT solutions for managing assets such as equity, fixed income, real estate, commodities, and international investments. These IT solutions consist mainly of software solutions for business operations including portfolio management, compliance, and trade execution among others.

U.S. Asset Management IT Solution Market: Scope and Methodology

The U.S. asset management IT solution market report provides an analysis of the U.S. asset management IT solution market for the period 2014 – 2024, wherein 2015 is the base year and the period from 2016 to 2024 is the forecast period. Data for 2014 has been included as historical information. The report covers all the prevalent trends playing a major role in the growth of the asset management IT solution market over the forecast period. It also highlights various drivers, restraints, and opportunities expected to influence the market growth during the said period.

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The study provides a holistic perspective on market growth, throughout the above forecast period in terms of revenue estimates (in US$ Mn), across different geographies in the U.S., which include Northeast, Midwest, West and South. The report provides cross-sectional analysis of the U.S. asset management IT solution market in terms of market estimates and forecasts for all the segments across different geographic regions. This research report provides in-depth analysis of the U.S. asset management IT solution market on the basis components, deployment model and geography. The report also includes U.S. asset Management player profile and asset manager’s IT viewpoint deploying IT solutions and services for managing assets.

Some of the key analytical pointers in the research study include Porter’s Five Force Analysis, and key market indicators which include industry outlook of investment management firms (asset managers) in the U.S. and key mergers and acquisition in the field of asset management IT solutions from vendor as well as buyer’s point of view.

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Applications encompassed in the research study include portfolio management, compliance, risk management, client statements & reporting, trade order management, workflow automation, benchmarking, and cash flow & accounting. Whereas services encompassed in the report scope include enterprise data management, data integration, reporting solutions & services, operation support & monitoring, application development and maintenance, and resource management

This research study on the U.S. asset management IT solution market provides a detailed analysis of various components and their respective applications and services. The report also offers in-depth analysis of various factors such as market drivers, restraints, and growth opportunities affecting the market dynamics. These factors enable the analysis of various trends that would impact the market during the forecast period from 2016 to 2024. The report includes a comprehensive coverage of the underlying economic and technological factors under key trend analysis influencing the asset management IT solution market.

U.S. Asset Management IT Solution Market: Competitive Dynamics

The report aims to provide strategic insights about the investment management firms deploying IT solutions with the detailed analysis of their requirements pertaining to IT solutions. Some of the key industry players in the asset management IT solution include Hewlett Packard Enterprise Development LP, FundCount, SoftTarget Inc., SimCorp Inc, QED Financial System, eFront Financial Solutions, Broadridge Investment Management Solutions, ProTrak International, SunGard Financials and CreditPoint Software.

Key asset managers profiled in the research study along with their IT viewpoints and requirements include Barings Corporate Investors, Geode Capital Management, The Carlyle Group LP, Voya Investment Management, Lazard Asset Management, Bridgewater Associates and Hartford Investment Management. Co among others.

U.S. Asset Management IT Solution Market Segmentation:

U.S. Asset Management IT Solution Market, by Component

Application
Portfolio Management
Compliance
Risk Management
Client Statements & Reporting
Trade Order Management
Workflow Automation
Benchmarking
Cash Flow & Accounting
Service
Enterprise Data Management
Data Integration
Reporting Solutions & Services
Operation Support & Monitoring
Application Development and Maintenance
Resource Management

U.S. Asset Management IT Solution Market, by Deployment Model

On-premise
Cloud-based
Hybrid

U.S. Asset Management IT Solution Market, by Geography

Northeast
Midwest
West
South

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