Dublin, March 09, 2023 (GLOBE NEWSWIRE) -- The "Custody Service Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global custody services market is expected to grow from $35.1 billion in 2021 to $38.17 billion in 2022 at a compound annual growth rate (CAGR) of 8.7%. The custody services market is expected to grow to $53.27 billion in 2026 at a CAGR of 8.7%.
The custody service market consists of revenues earned by entities by providing services such as settlement, safekeeping, and reporting of customers' marketable securities and cash. Securities lending can allow a customer to make additional income on custody assets by loaning securities to approved borrowers on a short-term basis.
North America was the largest region in the custody services market in 2022. Western Europe was the second largest market in the custody services market. The regions covered in the custody services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Automation and standardization are key factors driving the growth of the custody services market. The custody services industry is focusing on using technology to improve efficiency. The automation and standardization of core custody services and operations result in higher visibility, enhanced productivity due to operational efficiency, and cost reductions for customers; they improve quality of service and allow the custodian to react quickly to future needs.
Due to the automation and standardization of custody services in the coming years, the asset-centric model is expected to be augmented by a more data-centric, open platform method where the custodian will have access to a variety of available services. For instance, an automated reporting system provides daily reports of exceptions, securities available for loan, securities on loan, valuation of cash collateral, daily mark-to-market information, and margin calls. Therefore, such automation and standardization features are expected to drive the growth of the custody services market.
Increased competition is a key factor hampering the growth of the custody services market. The market for custody services is highly competitive, with numerous banks that provide custody services in addition to other banking services on a global, regional, or local scale. The price competition, in particular, is causing enormous pressure on the banks in the global market.
Many custodians find it challenging to keep up with high volumes and offer competitive prices. Traditional players in securities services such as multinational custodians, local custodians, and specialists in fund management are experiencing increasing competition from central securities depositories (CSD), central counterparty clearing houses (CCP), and outsourced service providers.
Fund services professionals are increasing their competitiveness by significantly developing new and targeted offerings. Therefore, increasing competition from various areas is expected to hinder the growth of the custody services market.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 175 |
| Forecast Period | 2022 - 2026 |
| Estimated Market Value (USD) in 2022 | $38.17 billion |
| Forecasted Market Value (USD) by 2026 | $53.27 billion |
| Compound Annual Growth Rate | 8.7% |
| Regions Covered | Global |
Major Players in the Custody Services Market Include
- Bank of New York Mellon
- Citigroup
- JP Morgan Chase
- State Street Bank and Trust
- BNP Paribas
- Northern Trust Corporation
- HSBC
- Societe Generale Securities Services
- Brown Brothers Harriman & Co.
- Caisse d'epargne investor services
- RBC Dexia Investor Services
- Society Generale
- Axis Bank Ltd.
- DBS Bank Ltd.
- Deutsche Bank A.G.
- Edelweiss Custodial Services Ltd.
- HDFC Bank Ltd.
- Hong Kong & Shanghai Banking Corporation Ltd.
- ICICI Bank Ltd.
- Infrastructure Leasing & Financial Services Ltd.
- Kotak Mahindra Bank
- Orbis Financial Corporation Ltd.
- Standard Chartered Bank
- State Bank of India
- Stock Holding Corporation of India Ltd.
- SHRTLSBI-SG GLOBAL SECURITIES SERVICES LTD.
- Yes Bank LTD
Key Topics Covered:
1. Executive Summary
2. Custody Services Market Characteristics
3. Custody Services Market Trends And Strategies
4. Custody Services Market - Macro Economic Scenario
4.1 COVID-19 Impact On Custody Services Market
4.2 Ukraine-Russia War Impact On Custody Services Market
4.3 Impact Of High Inflation On Custody Services Market
5. Custody Services Market Size And Growth
5.1. Global Custody Services Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Custody Services Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Custody Services Market Segmentation
6.1. Global Custody Services Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Core custody services
- Ancillary services
- Core depository services
- Other administrative services
6.2. Global Custody Services Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Equity
- Fixed Income
- Alternative Assets and Other
7. Custody Services Market Regional And Country Analysis
7.1. Global Custody Services Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Custody Services Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/l07ppp
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