(MENAFN- EIN Presswire) Asset Servicing Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2027
The Business Research Company's Asset Servicing Global Market Report 2023 – Market Size, Trends, And Forecast 2023-2027
LONDON, GREATER LONDON, UK, January 25, 2023 /einpresswire.com / -- The Business Research Company's“Asset Servicing Global Market Report 2023” is a comprehensive source of information that covers every facet of the asset servicing market . As per TBRC's asset servicing market forecast, the market is expected to grow to $1830.69 billion in 2027 at a CAGR of 9.4%
The growth in the asset servicing market is due to globalization as it creates a large avenue for the expansion and growth of the asset servicing market over the forecast period. North America region is expected to hold the largest asset servicing market share. Major players in the asset servicing market include National Australia Bank Limited, CACEIS, BNY Mellon, HSBC, JP Morgan.
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Trending Asset Servicing Market Trend
Robotic process automation (RPA) or automation is a major trend shaping the growth of the asset servicing market. Robotic process automation alone could reduce the headcount by 60–70% in the asset servicing industry while also achieving cost savings of approximately 30–40%. Robotic process automation (RPA) refers to a set of software tools known as bots or robots that are used to perform a repetitive or routine business process that is currently used by transaction processing teams or service centers. RPA can replace manual tasks involved in asset servicing such as reconciliation, trade processing, and reporting for regulators and clients, reducing the time required with cost-efficiency.
Asset Servicing Market Segments
. By Service: Fund Services, Custody and Accounting, Outsourcing Services, Securities Lending
. By End User: Capital Markets, Wealth Management Firms
. By Enterprise Size: Large Enterprises, Medium and Small Enterprises
. By Geography: The global asset servicing market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read more on the global asset servicing market report at:
Robotic process automation (RPA) or automation is a major trend shaping the growth of the asset servicing market. Robotic process automation alone could reduce the headcount by 60–70% in the asset servicing industry while also achieving cost savings of approximately 30–40%. Robotic process automation (RPA) refers to a set of software tools known as bots or robots that are used to perform a repetitive or routine business process that is currently used by transaction processing teams or service centers. RPA can replace manual tasks involved in asset servicing such as reconciliation, trade processing, and reporting for regulators and clients, reducing the time required with cost-efficiency.
Asset Servicing Global Market Report 2023 from TBRC covers the following information:
. Market size date for the forecast period: Historical and Future
. Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
. Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Asset Servicing Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights and asset servicing global market outlook on asset servicing global market size, drivers and trends, asset servicing global market major players, competitors' revenues, market positioning, and asset servicing global market growth across geographies. The asset servicing global market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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