Custody Service Global Market Report 2024

Global Custody Service Market Report 2024

Custody Service Global Market Report 2024 – By Service (Core custody services, Ancillary services, Core depository services, Other Administrative Services), By Type (Equity, Fixed Income, Alternative Assets, Other Types) – Market Size, Trends, And Global Forecast 2024-2033

Name: Custody Service Global Market Report 2024
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Custody Service Global Market Report 2024

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Custody Service Global Market Report 2024

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Custody Service Market Definition

Custody services typically include the settlement, safekeeping, and reporting of marketable securities and cash held by customers. By lending securities to approved borrowers on a short-term basis, a customer can earn additional income on custody assets.

The main services of the custody service are core custody services, ancillary services, core depository services, and other administrative services. Core custody service providers settle trades, invest cash balances as requested, collect income, execute corporate activities, price securities positions, and assist with record keeping and reporting. The services are available as equity, fixed income, alternative assets, and other types.

Custody Service Market Segmentation

The custody service market covered in this report is segmented –

1) By Service: Core custody services, Ancillary services, Core depository services, Other Administrative Services

2) By Type: Equity, Fixed Income, Alternative Asstes, Other Types

Global Custody Service Market Size 2023 to 2028: Graph

Custody Service Market Size 2024 And Growth Rate

The custody service market size has grown strongly in recent years. It will grow from $41.57 billion in 2023 to $45.39 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to globalization of financial markets, rise of institutional investors, regulatory compliance and risk management, increasing complexity of financial instruments, focus on investor protection.

Custody Service Market Growth Forecast

The custody service market size is expected to see strong growth in the next few years. It will grow to $63.06 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to alternative investments and diverse asset classes, global regulatory changes and compliance, evolving risk management practices, integration of environmental, social, and governance (esg) factors, shifts in investor preferences and industry trends. Major trends in the forecast period include tokenization of traditional assets, cross-border custody solutions, insurance coverage expansion, integration with defi ecosystem, scalability and automation.

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Custody Service Market Driver: The Role Of Automation And Standardization In Enhancing Efficiency And Reducing Costs In Custody Services

Automation and standardization are key factors driving the growth of the custody service market. The custody services industry is focusing on using technology to improve efficiency. The automation and standardization of core custody services and operations result in higher visibility, enhanced productivity due to operational efficiency, and cost reductions for customers, they improve quality of service and allow the custodian to react quickly to future needs. Due to the automation and standardization of custody services in the forecast period, the asset-centric model is expected to be augmented by a more data-centric, open platform method where the custodian will have access to a variety of available services. For instance, an automated reporting system provides daily reports of exceptions, securities available for loan, securities on loan, valuation of cash collateral, daily mark-to-market information, and margin calls. Therefore, such automation and standardization features are expected to drive the growth of the custody service market.

Custody Service Market Driver: Increasing Globalization Of Financial Markets Is Driving The Custody Service Market

The increasing financial markets is expected to propel the growth of custody services market going forward. Globalization of financial markets refers to the interconnectedness and interdependence of financial systems and markets on a global scale. custody services involve the safekeeping, management, and administration of financial assets, such as stocks, bonds, and other securities, on behalf of institutional investors, individuals, or other financial institutions. Custody services are critical for safeguarding and efficiently managing these assets. For instance, in 2021, the EU international trade in goods and services as a percentage of GDP recovered to a level higher than before the COVID-19 pandemic, with a 9 % increase in both imports and exports as a percentage of GDP. The United States and China contributed about one quarter of global growth in 2021. Thus, increasing financial markets is driving the custody service market.

Global Custody Service Market Major Players

Major companies operating in the custody service market report are JPMorgan Chase & Co., HSBC Holdings plc, Citigroup Inc., Wells Fargo & Company, BNP Paribas, UBS AG, State Bank of India, Groupe Caisse d'Épargne, Deutsche Bank AG, HDFC Bank Ltd., ICICI Bank Ltd., The Bank of New York Mellon Corporation, DBS Bank Ltd., Commerzbank AG, State Street Bank and Trust Company, Northern Trust Corporation, Hang Seng Bank Limited, Kotak Mahindra Bank Limited, Standard Chartered plc, Yes Bank Ltd., Societe Generale Securities Services GmbH, Stock Holding Corporation of India Ltd., Julius Baer Group AG, Brown Shipley & Co. Limited, RBC Investor & Treasury Services, Edelweiss Custodial Services Ltd., Orbis Financial Corporation Ltd., Axis Bank Ltd., Brown Brothers Harriman & Co., Infrastructure Leasing & Financial Services Ltd.

Global Custody Service Market Restraint: The Impact Of Price Competition On The Custody Service Market

Increased competition is a key factor hampering the growth of the custody service market. The market for custody services is highly competitive, with numerous banks that provide custody services in addition to other banking services on a global, regional, or local scale. The price competition, in particular, is causing enormous pressure on the banks in the global market. Many custodians find it challenging to keep up with high volumes and offer competitive prices. Traditional players in securities services such as multinational custodians, local custodians, and specialists in fund management are experiencing increasing competition from central securities depositories (CSD), central counterparty clearing houses (CCP), and outsourced service providers. Fund services professionals are increasing their competitiveness by significantly developing new and targeted offerings. Therefore, increasing competition from various areas is expected to hinder the growth of the custody service market.

Global Custody Service Market Trend: The Rise Of Digital Asset Custody Platforms In The Custody Services Market

The development of digital asset custody platforms in custody services is gaining traction in the market. Companies in the global custody service market are increasingly focusing on digital asset custody with better security and operational efficiency. For example, in 2022, US based investment banking services company, BNY Mellon launched its Digital Asset Custody platform in the US, which allows clients to hold and transfer bitcoin and ether. The multi-asset platform bridges digital and traditional asset custody. The platform store clients' private keys and provide some bookkeeping on the crypto assets in their portfolios.

Global Custody Service Market Trend: Bny Mellon Launches New Digital Asset Custody Platform To Meet Customer Demand

Major companies operating in the custody service market are developing innovative digital asset custody platform products to meet larger customer bases, more sales, and increase revenue. A digital asset custody platform is a service that offers safekeeping and safeguarding of digital assets for their owners. Instead of storing the actual assets, custodians hold the cryptographic keys required to verify ownership and facilitate the transfer of assets between owners. These platforms use advanced security technologies such as multi-party computation to ensure the safety of the assets. For instance, in October 2022, BNY Mellon, a US-based investment banking services holding company launched New Digital Asset Custody Platform. This which allows a small group of clients to keep and move ether and bitcoin, demonstrates BNY Mellon's dedication to meeting customer demand for a reliable source for traditional and digital asset servicing. The new digital platform enables BNY Mellon to a trust-based and innovative journey into the rapidly changing digital asset industry with Digital Asset Custody, adopting cutting-edge technology and working with fintech.

Custody Service Market Merger And Acquisition:

U.S. Bank Expands Its Portfolio With Acquisition Of Mufg Union Bank's Debt Servicing And Securities Custody Client Portfolio

In January 2021, U.S. Bank, a US-based financial institution, acquired the debt servicing and securities custody services client portfolio of MUFG Union Bank for an undisclosed amount. The acquisition complements the bank’s portfolio and would help it better serve its customers. MUFG Union Bank is a US-based full-service bank that offered debt servicing and securities custody services.

Regional Insights For The Global Custody Service Market

North America was the largest region in the custody service market in 2023. Western Europe was the second largest market in the custody service market report. The regions covered in the custody service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the custody service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The custody service market consists of revenues earned by entities by providing services such as settlement, safekeeping, and reporting of customers' marketable securities and cash. Securities lending can allow a customer to make additional income on custody assets by loaning securities to approved borrowers on a short-term basis. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The custody service market research report is one of a series of new reports from The Business Research Company that provides custody service market statistics, including global market size, regional shares, competitors with custody service market share, detailed custody service market segments, market trends and opportunities, and any further data you may need to thrive in the custody service industry. This custody service market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Custody Service Market Report Forecast And Analysis

Report Attribute	Details
Market Size Value In 2024	$45.39 billion
Revenue Forecast In 2033	$63.06 billion
Growth Rate	CAGR of 8.6% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Service: Core custody services, Ancillary services, Core depository services, Other Administrative Services 2) By Type: Equity, Fixed Income, Alternative Assets, Other Types
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	JPMorgan Chase & Co.; HSBC Holdings plc; Citigroup Inc.; Wells Fargo & Company; BNP Paribas; UBS AG; State Bank of India; Groupe Caisse d'Épargne; Deutsche Bank AG; HDFC Bank Ltd.; ICICI Bank Ltd.; The Bank of New York Mellon Corporation; DBS Bank Ltd.; Commerzbank AG; State Street Bank and Trust Company; Northern Trust Corporation; Hang Seng Bank Limited; Kotak Mahindra Bank Limited; Standard Chartered plc; Yes Bank Ltd.; Societe Generale Securities Services GmbH; Stock Holding Corporation of India Ltd.; Julius Baer Group AG; Brown Shipley & Co. Limited; RBC Investor & Treasury Services; Edelweiss Custodial Services Ltd.; Orbis Financial Corporation Ltd.; Axis Bank Ltd.; Brown Brothers Harriman & Co.; Infrastructure Leasing & Financial Services Ltd.
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1. Executive Summary

2. Custody Service Market Characteristics

3. Custody Service Market Trends And Strategies

4. Custody Service Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Custody Service Market Size and Growth

5.1. Global Custody Service Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Custody Service Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Custody Service Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Custody Service Market Segmentation

6.1. Global Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Core custody services

Ancillary services

Core depository services

Other Administrative Services

6.2. Global Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Equity

Fixed Income

Alternative Assets

Other Types

7. Custody Service Market Regional And Country Analysis

7.1. Global Custody Service Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Custody Service Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Custody Service Market

8.1. Asia-Pacific Custody Service Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Custody Service Market

9.1. China Custody Service Market Overview

9.2. China Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Custody Service Market

10.1. India Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Custody Service Market

11.1. Japan Custody Service Market Overview

11.2. Japan Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Custody Service Market

12.1. Australia Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Custody Service Market

13.1. Indonesia Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Custody Service Market

14.1. South Korea Custody Service Market Overview

14.2. South Korea Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Custody Service Market

15.1. Western Europe Custody Service Market Overview

15.2. Western Europe Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Custody Service Market

16.1. UK Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Custody Service Market

17.1. Germany Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Custody Service Market

18.1. France Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.2. France Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Custody Service Market

19.1. Italy Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.2. Italy Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Custody Service Market

20.1. Spain Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.2. Spain Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Custody Service Market

21.1. Eastern Europe Custody Service Market Overview

21.2. Eastern Europe Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Custody Service Market

22.1. Russia Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Custody Service Market

23.1. North America Custody Service Market Overview

23.2. North America Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Custody Service Market

24.1. USA Custody Service Market Overview

24.2. USA Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Custody Service Market

25.1. Canada Custody Service Market Overview

25.2. Canada Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Custody Service Market

26.1. South America Custody Service Market Overview

26.2. South America Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Custody Service Market

27.1. Brazil Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Custody Service Market

28.1. Middle East Custody Service Market Overview

28.2. Middle East Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Custody Service Market

29.1. Africa Custody Service Market Overview

29.2. Africa Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Custody Service Market Competitive Landscape And Company Profiles

30.1. Custody Service Market Competitive Landscape

30.2. Custody Service Market Company Profiles

30.2.1. JPMorgan Chase & Co.

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. HSBC Holdings plc

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. Citigroup Inc.

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Wells Fargo & Company

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. BNP Paribas

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Custody Service Market Other Major And Innovative Companies

31.1. UBS AG

31.2. State Bank of India

31.3. Groupe Caisse d'Épargne

31.4. Deutsche Bank AG

31.5. HDFC Bank Ltd.

31.6. ICICI Bank Ltd.

31.7. The Bank of New York Mellon Corporation

31.8. DBS Bank Ltd.

31.9. Commerzbank AG

31.10. State Street Bank and Trust Company

31.11. Northern Trust Corporation

31.12. Hang Seng Bank Limited

31.13. Kotak Mahindra Bank Limited

31.14. Standard Chartered plc

31.15. Yes Bank Ltd.

32. Global Custody Service Market Competitive Benchmarking

33. Global Custody Service Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Custody Service Market

35. Custody Service Market Future Outlook and Potential Analysis

35.1 Custody Service Market In 2028 - Countries Offering Most New Opportunities

35.2 Custody Service Market In 2028 - Segments Offering Most New Opportunities

35.3 Custody Service Market In 2028 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Custody Service Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Custody Service Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Asia-Pacific, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Asia-Pacific, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: China, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: China, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: India, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: India, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: Japan, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: Japan, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: Australia, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: Australia, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: Indonesia, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Indonesia, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: South Korea, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: South Korea, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Western Europe, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Western Europe, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: UK, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: UK, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Germany, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: Germany, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: France, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: France, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: Italy, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Italy, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Spain, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: Spain, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: Eastern Europe, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: Eastern Europe, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: Russia, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Russia, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: North America, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: North America, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: USA, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: USA, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: Canada, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Canada, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: South America, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: South America, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Brazil, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Brazil, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Middle East, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Middle East, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Africa, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Africa, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: JPMorgan Chase & Co. Financial Performance

Table 52: HSBC Holdings plc Financial Performance

Table 53: Citigroup Inc. Financial Performance

Table 54: Wells Fargo & Company Financial Performance

Table 55: BNP Paribas Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Custody Service Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Custody Service Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Asia-Pacific, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Asia-Pacific, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: China, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: China, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: India, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: India, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: Japan, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: Japan, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: Australia, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: Australia, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: Indonesia, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Indonesia, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: South Korea, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: South Korea, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Western Europe, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Western Europe, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: UK, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: UK, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Germany, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: Germany, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: France, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: France, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: Italy, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Italy, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Spain, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: Spain, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: Eastern Europe, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: Eastern Europe, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: Russia, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Russia, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: North America, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: North America, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: USA, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: USA, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: Canada, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Canada, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: South America, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: South America, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Brazil, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Brazil, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Middle East, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Middle East, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Africa, Custody Service Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Africa, Custody Service Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: JPMorgan Chase & Co. Financial Performance

Figure 52: HSBC Holdings plc Financial Performance

Figure 53: Citigroup Inc. Financial Performance

Figure 54: Wells Fargo & Company Financial Performance

Figure 55: BNP Paribas Financial Performance

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Frequently Asked Questions

What is the definition of the custody service market?

How will the custody service market drivers and restraints affect the custody service market dynamics? What forces will shape the custody service industry going forward?

The custody service market major growth driver - the role of automation and standardization in enhancing efficiency and reducing costs in custody services. For further insights on the custody service market, request a sample here

What is the forecast market size or the forecast market value of the custody service market ?

The custody service market size has grown strongly in recent years. It will grow from $41.57 billion in 2023 to $45.39 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to globalization of financial markets, rise of institutional investors, regulatory compliance and risk management, increasing complexity of financial instruments, focus on investor protection. The custody service market size is expected to see strong growth in the next few years. It will grow to $63.06 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to alternative investments and diverse asset classes, global regulatory changes and compliance, evolving risk management practices, integration of environmental, social, and governance (esg) factors, shifts in investor preferences and industry trends. Major trends in the forecast period include tokenization of traditional assets, cross-border custody solutions, insurance coverage expansion, integration with defi ecosystem, scalability and automation. For further insights on the custody service market, request a sample here

How is the custody service market segmented?

The custody service market is segmented
1) By Service: Core custody services, Ancillary services, Core depository services, Other Administrative Services
2) By Type: Equity, Fixed Income, Alternative Asstes, Other TypesFor further insights on the custody service market, request a sample here

Which region has the largest share of the custody service market? What are the other regions covered in the report?

North America was the largest region in the custody service market in 2023. Western Europe was the second largest market in the custody service market report. The regions covered in the custody service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the custody service market, request a sample here.

Who are the major players in the custody service market?

What are the key trends in the custody service market?

Major trend in the custody service market - the rise of digital asset custody platforms in the custody services market. For further insights on the custody service market, request a sample here.

What are the major opportunities in the custody service market? What are the strategies for the custody service market?

For detailed insights on the major opportunities and strategies in the custody service market, request a sample here.

How does the custody service market relate to the overall economy and other similar markets?

For detailed insights on custody service market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the custody service industry?

For detailed insights on the mergers and acquisitions in the custody service industry, request a sample here.

What are the key dynamics influencing the custody service market growth? SWOT analysis of the custody service market.

For detailed insights on the key dynamics influencing the custody service market growth and SWOT analysis of the custody service industry, request a sample here.