LONDON, July 28, 2022 (GLOBE NEWSWIRE) — According to The Business Research Company’s research report on the real estate services market, the use of blockchain technology is becoming increasingly popular in the real estate services market trends. Blockchain can significantly reduce the volume of paperwork involved in asset servicing and make the trading process more efficient and cost-effective for the business, as well as for the customer. Blockchain addresses several challenges in the asset services industry, particularly by overcoming inefficiencies caused by mismanaged data. Capturing data at startup and managing that data throughout the value chain is an advantage that will result in a continuous cycle of innovation and disruption. Blockchain technology helps capture accurate, high-quality data, uses data processing to correct the errors of mismanagement, and ultimately deploys the technology as a tool to disrupt the entire data chain. For example, in July 2022, the UK Investment Trust asked the government and regulators to give the green light to tokenized funds that use blockchain technology that could make it easier for retail investors to buy illiquid assets. Tokenized funds divide their assets under management into fractions, enabling a reduced minimum investment, making them more affordable for small investors. The use of blockchain technology, which underpins cryptocurrencies, to support tokenized funds can also reduce operating costs.
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The global size of the asset servicing market is expected to grow from $712.8 billion in 2021 to $784.03 billion in 2022 with a compound annual growth rate (CAGR) of 10%. The global asset servicing market size is then expected to grow to $1,149.92 billion in 2026 on a CAGR of 10%.
Increasing demand for alternative investments is expected to drive the asset servicing market. There has been a growing preference for alternative investments among high net worth and ultra high net worth individuals. Alternative investments are financial assets that do not fall into the category of conventional financial assets, such as shares, bonds and cash. Examples of alternative investments include hedge funds, private equity, commodities, mineral rights, real estate investment trusts (REITs), art and antiques, intellectual property and derivatives (futures, options and swaps). Investors are increasingly interested in alternative investments due to several benefits offered, such as diversification, reduction in portfolio risk, availability in private markets, low correlation with other assets, less regulation and relatively higher returns. For example, infrastructure assets are expected to increase from $0.8 trillion in 2017 to $3.4 trillion by 2025. Private equity is expected to increase from $5.3 trillion in 2017 to $10.2 trillion in 2025. Investors are increasingly seeking asset management services to invest in alternative assets. This will drive the asset management market in the forecast period.
Major players in the real estate services market are National Australia Bank Limited, CACEIS, BNY Mellon, HSBC, JP Morgan, Citi, The Bank of New York Mellon Corporation (BNY Mellon), State Street Corporation, UBS and Clearstream (Deutsche Börse Group).
The global asset services market is segmented by services into fund services, custody and accounting, outsourcing services, securities lending; by end user to capital markets, asset management firms; by company size to large companies, medium-sized and small companies.
North America our largest region in the property services market in 2021. Western Europe our second largest region in the global asset service market. The regions covered in the global asset servicing market outlook are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Asset Servicing Global Market Report 2022 – Market Size, Trends and Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provide asset servicing market overviews, asset servicing market analysis and forecasts market size and growth for the entire market, market segments and geographies for asset servicing, asset servicing market trends, asset servicing market drivers, asset servicing market restraints, market leading competitors’ revenue, profiles and market shares in over 1000 industry reports, covering over 2500 market segments and 60 geographies.
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