Custody Service Market Scope And Analysis

Report Code : TIPRE00039093
Category : Banking, Financial Services, and Insurance

No. of Pages : 150

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Custody Service Market Scope and Analysis by 2031

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Custody Service Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 41.53 Billion
Market Size by 2031	US$ 82.46 Billion
Global CAGR (2023 - 2031)	9.0%
Historical Data	2021-2023
Forecast period	2023-2031
Segments Covered	By Services Core Custody Services Ancillary Services Core Depository Services Other Administrative Services By Type Equity Fixed Income Alternative Assets
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	JPMorgan Chase Co HSBC Holdings PLC Citigroup Inc Wells Fargo Company BNP Paribas UBS AG Deutsche Bank AG HDFC Bank Ltd ICICI Bank Ltd

The "Custody Service Market Analysis" was carried out based on services, type, and geography. On the basis of service type, the market is segmented into core custody services, ancillary services, core depository services, and other administrative services. Based on type, the market is segmented into equity, fixed income, alternative assets, and others. Based on geography, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.

Custody Service Market News and Recent Developments

Companies adopt inorganic and organic strategies such as mergers and acquisitions in the custody service market. A few recent key market developments are listed below:

In November 2023, HSBC announced its plans to launch a custody service for storing blockchain-based assets, excluding cryptocurrency, in 2024. The service, which is a partnership with Swiss digital asset firm Metaco, will allow institutional clients to store blockchain-based tokens representing traditional financial assets, as opposed to crypto or stablecoins.

[Source: HSBC, Company Website]

In September 2023, TCS extended its partnership with Standard Bank Group (SBG), Africa's largest custodian bank, to centralize and standardize custody and securities settlement operations across more than 15 markets. This partnership aimed to upgrade SBG's platform with next-gen tech, enabling cloud-based critical business operations by 2026.

[Source: TCS, Company Website]

Custody Service Market Report Coverage & Deliverables

The custody service market forecast is estimated based on various secondary and primary research findings, such as key company publications, association data, and databases. The market report "Custody Service Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering below areas-

Market size & forecast at global, regional, and country levels for all the key market segments covered under the scope.
Market dynamics such as drivers, restraints, and key opportunities.
Key future trends.
Detailed PEST & SWOT analysis
Global and regional market analysis covering key market trends, key players, regulations, and recent market developments.
Industry landscape and competition analysis covering market concentration, heat map analysis, key players, and recent developments.
Detailed company profiles.