TBRC’s market research report covers the Asset Servicing market size, Asset Servicing market forecast, major Asset Servicing companies and their market share, key strategies to undertake, etc
LONDON, July 28. 2022 (GLOBE NEWSWIRE) — According to The Business Research Company’s Asset Servicing Market Research Report, the adoption of blockchain technology is gaining popularity in the asset servicing market trends. Blockchain can significantly reduce the volume of paperwork involved in asset management and make the trading process more efficient and profitable for the business, as well as the customer. Blockchain addresses several challenges in the asset servicing industry, including overcoming inefficiencies caused by mismanaged data. Capturing data upfront and managing that data throughout the value chain is an advantage that will result in a continuous cycle of innovation and disruption. Blockchain technology helps capture high-quality and accurate data, applies data stewardship to correct mismanagement errors, and ultimately deploys the technology as a tool to disrupt the entire data chain. For example, in July 2022, the UK Investment Association called on the government and regulators to greenlight tokenized funds using blockchain technology that could make it easier for retail investors to buy illiquid assets. Tokenized funds divide their assets under management into fractions, allowing for a reduced minimum investment, which makes them more affordable for small investors. Using blockchain technology, which underpins cryptocurrencies, to support tokenized funds can also reduce operational costs.
The size of the global asset servicing market should go from $712.8 billion in 2021 to $784.03 billion in 2022 at a compound annual growth rate (CAGR) of 10%. The size of the global asset servicing market is then expected to reach $1,149.92 billion in 2026 at 10% CAGR.
Growing demand for alternative investments is expected to drive the asset servicing market. There has been a growing preference for alternative investments among high net worth individuals and ultra high net worth individuals. Alternative investments are financial assets that do not fall into the category of conventional financial assets, such as stocks, bonds and cash. Examples of alternative investments include hedge funds, private equity, commodities, mining rights, real estate investment trusts (REITs), art and antiques, intellectual property and derivatives (futures, options and swaps), among others. Investors are increasingly interested in alternative investments due to several advantages offered, such as diversification, reduced portfolio risk, availability in private markets, low correlation with other assets, less regulation and relatively higher yields. For example, infrastructure assets are expected to grow from $0.8 trillion in 2017 to $3.4 trillion by 2025. Private equity is expected to grow from $5.3 trillion in 2017 to $10.2 trillion dollars in 2025. Investors are increasingly looking for asset management services to invest in alternative assets. This will boost the asset management market over the forecast period.
The major players in the Asset Servicing market are National Australia Bank Limited, CACEIS, BNY Mellon, HSBC, JP Morgan, Citi, The Bank of New York Mellon Corporation (BNY Mellon), State Street Corporation, UBS and Clearstream (Deutsche Börse Group).
The global asset servicing market is segmented by service in fund services, custody and accounting, outsourcing services, securities lending; by the end user in the capital markets, wealth management companies; by company size into large, medium and small companies.
North America was the greater region in the asset servicing market in 2021. Western Europe was the second largest region in the global asset servicing market. Regions covered in the Global Asset Servicing Market Outlook are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Global Asset Servicing Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026 is part of a series of new reports from The Business Research Society which provide Asset Maintenance Market overviews, analyze and forecast the Asset Maintenance Market size and growth for the overall Asset Maintenance Market market, segments and geographies , Asset Maintenance Market Trends, Asset Maintenance Market Drivers, Asset Maintenance Market Restraints, Asset Maintenance Market Major Competitors’ Revenue, Profiles and market shares in more than 1,000 industry reports, covering more than 2,500 market segments and 60 geographies.
The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders. A highly experienced and expert team of analysts and modellers provide market analysis and forecasts. The reports identify key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
Not the market you are looking for? See similar market intelligence reports:
blockchain In Global Banking and Financial Services Market Report 2022 – By Type (Public blockchainPrivate blockchain), by Application (Fund Transaction Management, Real-Time Loan Funding, Liquidity Management) – Global Market Size, Trends & Forecast 2022-2026
Global Wealth Management Market Report 2022 – By Type (Funds, Trusts, And other financial vehicles, asset management, portfolio management and investment advice), by type of advice (human advice, Robot Consulting, Hybrid), by Enterprise Size (Large, Medium, and Small Enterprises) – Global Market Size, Trends & Forecast 2022-2026
Global Investment Market Report 2022 – By Type (Wealth Management, Securities Brokerage And Exchange Services, Investment Banking), By End User (B2B, B2C), By Mode (Online, Offline) – Global Market Size, Trends & Forecast 2022-2026
Want to know more about The Business Research Company?
The Business Research Company is a market intelligence firm that excels in business, market and consumer research. Located around the world, it has consultants specializing in a wide range of industries, including manufacturing, healthcare, financial services, chemicals and technology.
The most comprehensive database in the world
The flagship product of the Business Research Company, Global market model, is a business information platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess gaps between supply and demand.
CONTACT: The Business Research Company Europe: +44 207 1930 708 Asia: +91 8897263534 Americas: +1 315 623 0293 Email: firstname.lastname@example.org LinkedIn: https://in.linkedin.com/company/the-business-research-company Twitter: https://twitter.com/tbrc_info YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ Blog: http://blog.tbrc.info/