According the report, Core Custody Services Account for the Largest Market Share is one of the primary growth factors for the market. Growing Adoption of Automation and Standardization
is also expected to contribute significantly to the Custody Services market. Overall, Core Custody Services
applications of Custody Services, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Custody Services market identified that the demand is rising in many different parts of the world as "Asia Pacific Region has Huge Prospect due to Rising Wealth in the Region". Furthermore, some recent industry insights like "In 2021, JPMorgan Chase & Co., an American multinational investment bank and financial services holding company has announced acquisition of OpenInvest, which is an ESG based startup. The OpenInvest platform allows clients to highly personalized, dynamic, values-based portfolios which are ESG specific. This acquisition will allow JPMorgan to better aid its clients in understanding their environmental, social, and governance impact of their portfolios." is constantly making the industry dynamic. One of the challenges that industry facing is "High Cost of Services"
The Organisation Size, such as SMEs, is boosting the Custody Services market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Custody Services market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Custody Services market and other related sub-markets covered in the study.
o Key & emerging players in the Custody Services market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Custody Services market size is calculated using market estimation process, the Custody Services market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Custody Services market size has been validated using both top-down and bottom-up approaches.