The asset servicing market size is expected to see strong growth in the next few years. It will grow to $1.89 trillion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to adaptation to market volatility, client-centric solutions, risk management and cybersecurity, global economic trends, ESG (environmental, social, governance) integration. Major trends in the forecast period include transition to digital services, regulatory changes, globalization and market expansion, demand for ESG (environmental, social, governance) integration, cost efficiency and operational streamlining.
The growing population of retirees is anticipated to drive the expansion of the asset servicing market in the coming years. The retiree population consists of individuals aged 65 and older. Asset servicing providers play a crucial role in assisting retirees with managing their assets and investments to ensure they have sufficient income for their retirement. For example, the United States Census Bureau, a US government agency, projects that the number of people aged 65 and over will reach 80.8 million by 2040 and 94.7 million by 2060. Therefore, the rising retiree population is contributing to the growth of the asset servicing market.
Globalization serves as a significant catalyst for the growth of the asset servicing industry. A study on global asset servicing indicates that nearly 60% of asset services in Assets Under Administration (AUA) and Assets Under Contract (AUC) expect globalization to be a strong driver of market growth during the forecast period. Companies operating in the asset servicing sector are primarily focusing on the APAC markets and other emerging economies. Thus, globalization offers substantial opportunities for the expansion and development of the asset servicing market in the forecast period.
Leading companies in the asset servicing market are innovating by developing advanced products that incorporate technologies like autonomous asset management to enhance customer satisfaction and loyalty. Autonomous asset management involves utilizing artificial intelligence (AI) and machine learning (ML) technologies to automate investment decision-making and portfolio management. For example, in March 2024, Imrandd, a UK-based consultancy, launched ALERT, an AI-driven asset management software. ALERT leverages AI to monitor assets, forecast potential threats, and deliver actionable insights. Aimed at reducing inspection time and costs, ALERT provides real-time asset monitoring, predictive analytics, and a user-friendly dashboard. Imrandd's commitment to innovation has resulted in this pioneering software, which seeks to enhance asset performance and promote a safer, more sustainable future.
Robotic process automation (RPA) is a significant trend influencing the growth of the asset servicing market. RPA has the potential to reduce workforce numbers by 60-70% in the asset servicing industry while achieving cost savings of approximately 30-40%. RPA refers to a suite of software tools, commonly known as bots or robots, that automate repetitive or routine business processes currently handled by transaction processing teams or service centers. RPA can take over manual tasks involved in asset servicing, such as reconciliation, trade processing, and regulatory reporting, significantly decreasing the time required and improving cost-efficiency. For instance, the ANZ Banking Group was among the first to embrace RPA extensively, automating its HR, finance, and technology processes in its Bengaluru hub and creating thousands of bots.
In August 2023, Lansdowne Partners, a UK-based asset management company, acquired CRUX Asset Management for $1.1 billion. This acquisition enhances Lansdowne's UCITS capabilities and market positioning, offering CRUX access to Lansdowne's operational infrastructure and equity expertise. CRUX Asset Management, based in the UK, is an active equity investment manager catering to institutional and retail clients.
Major companies operating in the asset servicing market include JPMorgan Chase & Co., Wells Fargo Asset Management, Citigroup Inc., HSBC Holdings plc, Morgan Stanley Wealth Management, The Goldman Sachs Group Inc., UBS Group AG, Fidelity Personal and Workplace Advisors LLC, PNC Financial Services Group Inc., Charles Schwab Corporation, National Australia Bank Limited, BlackRock Inc., Mellon Investments Corporation, The Bank of New York Mellon Corporation, Ameriprise Financial Inc., State Street Corporation, Raymond James Financial Inc., Franklin Resources Inc., Northern Trust Corporation, Invesco Ltd., TD Ameritrade Investment Management LLC, Broadridge Financial Solutions Inc., CACEIS Bank S.A., Pictet Group, T. Rowe Price Investment Services Inc., BNP Paribas Securities Services, SimCrop A/S, Clearstream Banking S.A., United States National Bank.
North America was the largest region in the asset servicing market in 2024. Western Europe was the second largest region in the global asset management market share. The regions covered in the asset servicing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the asset servicing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asset servicing encompasses a variety of financial services offered to institutional investors, asset managers, and other organizations engaged in capital management and investment. These services aid in the management, operation, and administration of investment assets.
The primary services provided in asset servicing include fund services, custody and accounting, outsourcing services, and securities lending. Securities lending is a process where shares of stock, commodities, derivative contracts, or other securities are lent to other investors or firms. Borrowers typically provide collateral in the form of cash, other assets, or a letter of credit when seeking a security loan. These services are extended to large enterprises, medium-sized and small enterprises, capital markets, as well as wealth management firms.
The asset servicing research report is one of a series of new reports that provides asset servicing statistics, including asset servicing industry global market size, regional shares, competitors with asset servicing shares, detailed asset servicing segments, market trends and opportunities, and any further data you may need to thrive in the asset servicing industry. This asset servicing research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The asset servicing market consists of revenues earned by entities by providing administration services through a central securities depository (CSD) or custodian in connection with the custody and/or safekeeping of financial instruments (e.g., the processing of corporate events or the handling of taxes) on a fee or commission basis. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
Executive Summary
Asset Servicing Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on asset servicing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Assess the impact of key macro factors such as conflict, pandemic and recovery, inflation and interest rate environment and the 2nd Trump presidency.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for asset servicing? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The asset servicing market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Service: Fund Services, Custody and Accounting, Outsourcing Services, Securities Lending2) By Enterprise Size: Large Enterprises, Medium and Small Enterprises
3) By End User: Capital Markets, Wealth Management Firms
Subsegments
1) By Fund Services: Fund Administration; Fund Accounting; Transfer Agency Services; Risk Management Services; Performance Measurement and Reporting2) By Custody and Accounting: Custody Services; Custody Services (Domestic and International); Securities Accounting; Corporate Actions Processing; Settlement Services; Asset Valuation
3) By Outsourcing Services: Middle Office Services: Back Office Services; IT Support Services; Regulatory Reporting Services; Data Management Services
4) By Securities Lending: Agency Lending: Principal Lending; Borrower Services; Risk Management Services; Collateral Management
Key Companies Mentioned: JPMorgan Chase & Co.; Wells Fargo Asset Management; Citigroup Inc.; HSBC Holdings plc; Morgan Stanley Wealth Management
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- JPMorgan Chase & Co.
- Wells Fargo Asset Management
- Citigroup Inc.
- HSBC Holdings plc
- Morgan Stanley Wealth Management
- The Goldman Sachs Group Inc.
- UBS Group AG
- Fidelity Personal and Workplace Advisors LLC
- PNC Financial Services Group Inc.
- Charles Schwab Corporation
- National Australia Bank Limited
- BlackRock Inc.
- Mellon Investments Corporation
- The Bank of New York Mellon Corporation
- Ameriprise Financial Inc.
- State Street Corporation
- Raymond James Financial Inc.
- Franklin Resources Inc.
- Northern Trust Corporation
- Invesco Ltd.
- TD Ameritrade Investment Management LLC
- Broadridge Financial Solutions Inc.
- CACEIS Bank S.A.
- Pictet Group
- T. Rowe Price Investment Services Inc.
- BNP Paribas Securities Services
- SimCrop A/S
- Clearstream Banking S.A.
- United States National Bank
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | March 2025 |
Forecast Period | 2025 - 2029 |
Estimated Market Value ( USD | $ 1.43 Trillion |
Forecasted Market Value ( USD | $ 1.89 Trillion |
Compound Annual Growth Rate | 7.2% |
Regions Covered | Global |
No. of Companies Mentioned | 29 |