What are the recent trends in market size and growth for the trust and corporate service market?
The trust and corporate service market size has grown strongly in recent years. It will grow from $13.65 $ billion in 2024 to $14.33 $ billion in 2025 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to high-net-worth individuals seeking trust services, increasing business opportunities in emerging markets, the need for planning and executing smooth transitions of family-owned businesses, shifts in consumer preferences and demographics influence, and growth in entrepreneurship and start-ups.
The trust and corporate service market size is expected to see steady growth in the next few years. It will grow to $17.25 $ billion in 2029 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to compliance with anti-money laundering (AML) regulations, heightened awareness of cybersecurity threats, cross-generational wealth transfer, continuous updates and changes in laws and regulations, and the need for efficient and tax-effective structures. Major trends in the forecast period include digital transformation facilitating efficient service delivery, healthcare and biotechnology advancements, government initiatives and incentives, innovation in financial products, and geopolitical developments.
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How have varous drivers impacted the growth of the trust and corporate service market?
The increasing number of wealthy individuals (HNWIs) is expected to propel the growth of trust and corporate service market going forward. Wealthy individuals, often referred to as high-net-Worth individuals (HNWIs), are those who possess substantial financial assets and investments, typically above a certain threshold. The rising number of wealthy individuals is driven by economic growth, increased investment opportunities, and higher earnings in the technology and finance sectors, leading to greater wealth accumulation. Wealthy individuals use trust and corporate services to manage and protect their assets, optimize tax strategies, and ensure efficient estate planning and succession management. For instance, in July 2024, according to UBS Group AG, a Switzerland-based investment bank and financial services company, the average wealth per adult in the United States grew by nearly 2.5%, a rate comparable to Norway and approximately one-third of the growth seen in Mainland China. Turkey notably experienced an impressive growth of over 157% in wealth per adult between 2022 and 2023. Therefore, the increasing number of wealthy individuals (HNWIs) is driving the growth of the trust and corporate service market.
What are the primary segments of the trust and corporate service market?
The trust and corporate servicemarket covered in this report is segmented –
1) By Type: Company Establishment And Registration Services, Company Management Services, Accounting And Tax Services, Financing And Banking Services, Trust Fund Services, Asset Substance Service, Other Types
2) By Application: Large Enterprises, Small And Medium Enterprises
3) By End-User: Corporate, Institutional, Private
Subsegments:
1) Company Establishment And Registration Services: Incorporation Services, Business Licensing
2) Company Management Services: Corporate Governance, Compliance Management
3) Accounting And Tax Services: Bookkeeping, Tax Compliance
4) Financing And Banking Services: Fund Management, Loan Services
5) Trust Fund Services: Estate Planning, Trust Administration
6) Asset Substance Service: Asset Valuation, Asset Protection
7) Other Types: Legal Services, Regulatory Advisory
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Which firms are leading the trust and corporate service market?
Major companies operating in the trust and corporate service market are KPMG International Limited, Vistra Group, The Citco Group, Intertrust Group, Corporation Service Company, Wilmington Trust, TMF Group, Sanne Group, Trident Trust, Ocorian, Aztec Group, Teneo, JTC Group, Hawksford, Tricor Group, Sovereign Group, IQ-EQ Group Holdings, Capital Trust Company, Athos Group, KYC Global Technologies Limited
How will industry trends affect the trajectory of the trust and corporate service market?
Major companies operating in the trust and corporate service market are focusing on technological advancements, such as cloud-native Software-as-a-Service (SaaS) platforms, to enhance operational efficiency, streamline compliance management, and deliver scalable solutions for global clients. These platforms integrate features like real-time data analytics, automated regulatory reporting, and secure document management, enabling firms to improve transparency and reduce manual processes. For instance, in April 2022, TrustQuay, a US-based IT and services company, launched TrustQuay Online, the first comprehensive end-to-end cloud-native SaaS platform tailored specifically for the corporate services and trust administration market. This innovative platform aims to streamline operations and enhance service delivery for businesses in these sectors. TrustQuay Online offers a fully integrated suite of tools that address various aspects of corporate services and trust administration, allowing users to manage their operations efficiently. The platform prioritizes user experience with intuitive interfaces and functionalities designed to meet the specific needs of corporate service providers.
Which geographic trends are shaping the trust and corporate service market, and which region has the highest market share?
North America was the largest region in the trust and corporate service market in 2024. The regions covered in the trust and corporate service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Trust And Corporate Service Market Report 2025 Offer?
The trust and corporate service market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Trust and corporate services refer to a range of professional services provided to corporations, institutions, high-net-worth individuals, and families to manage their legal, financial, and administrative affairs effectively. These services typically include trust administration, corporate governance, compliance management, and advisory services tailored to meet the specific needs and objectives of clients.
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