Global Asset Servicing Market Size, Share, Growth Analysis, By Service, By End user, By Enterprise size - Industry Forecast 2024-2031

Global Asset Servicing Market size was valued at USD 82.36 billion in 2022 and is poised to grow from USD 86.73 billion in 2023 to USD 131.09 billion by 2031, growing at a CAGR of 5.8% during the forecast period (2024-2031).

Asset servicing is growing in popularity due to its many advantages, which include a decrease in customer complaints, an increase in customer value, increased efficiency through understanding equipment utilization, future budgeting, assurance of regulatory compliance and accreditation, maintenance of equipment, reduction of loss theft, ease of asset location thanks to asset tracking software, and proactive monitoring of equipment conditions. In addition to all the benefits, the modern era has witnessed an increase in the number of affluent people, digitization, and economic expansion in emerging markets. The asset servicing market grew as a result of all these uses and factors.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Asset Servicing Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Asset Servicing Market Segmental Analysis

Global Asset Servicing market is segmented on the basis of Service end user enterprise size, deployment and region. By service, the market is segmented into Fund Services, Custody And Accounting, Outsourcing Services, Securities Lending. By end user, the market is segmented into Capital Markets, Wealth Management Firms and others. By enterprise size, the market is segmented into Large Enterprises, Medium And Small Enterprises . By the deployment the market is segmented into on premise and cloud based .By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Asset Servicing Market

One important tool that helps high net worth and ultra high net worth persons act as alternate sources of investment is the Asset Servicing card.Financial assets that do not belong in the same category as traditional financial assets like stocks, bonds, and cash are known as alternative investments.Alternative assets offer a number of advantages, including risk reduction, portfolio diversification, availability in the private market, and availability.Less regulation, comparatively better returns, and less correlation with other assets.It is anticipated that the growing acceptance and utilization of alternative investments will fuel the expansion of asset servicing marketing in the coming years.

Restraints in the Global Asset Servicing Market

The market's growth has been hampered by increased cybercrime, strict regulations, and the impact of the lockdown on production. Furthermore, the expansion of the market will be impacted by the rise in fintech companies.

Market Trends of the Global Asset Servicing Market

Automation, or robotic process automation, is one of the main themes in the asset maintenance industry. The main benefit of robotic process automation is that it can save costs by about 30 to 40% while reducing the head count in the asset servicing industry by 60 to 70%. Robotic process automation (RPA) provides the software tools known as bots or robots, which are utilized by transaction processing teams or service centers to undertake repetitive or routine business processes.