Global Asset Servicing Market Size and Forecast 2023-2032| National Australia Bank Limited, CACEIS, BNY Mellon, HSBC, JP Morgan, Citi,

The Asset Servicing Global Market Report 2023 by The Business Research Company, provides asset servicing market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

Learn More On The Asset Servicing Market:

https://www.thebusinessresearchcompany.com/report/asset-servicing-global-market-report

According to The Business Research Company’s Asset Servicing Global Market Report 2023, the market size is expected to grow from $1159.45 billion in 2022 to $1277.82 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global asset servicing market size is expected to grow to $1830.69 billion in 2027 at a CAGR of 9.4%.

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. For instance, the ANZ Banking Group was one of the early ones to adopt RPA aggressively and automated its HR, finance, and technology processes in its Bengaluru hub, creating thousands of bots

Get A Free Sample Of The Report (Includes Graphs And Tables):

https://www.thebusinessresearchcompany.com/sample_request?id=3257&type=smp

The asset servicing market is segmented:

1) By Service: Fund Services, Custody and Accounting, Outsourcing Services, Securities Lending

2) By End User: Capital Markets, Wealth Management Firms

3) By Enterprise Size: Large Enterprises, Medium and Small Enterprises

The asset servicing market report table of contents includes:

1. Executive Summary

2. Asset Servicing Market Characteristics

3. Asset Servicing Market Trends And Strategies

4. Asset Servicing Market – Macro Economic Scenario

5. Asset Servicing Market Size And Growth