GlobeNewswire

Trust and Corporate Services Strategic Business Report 2024: Market to Grow by Over $1 Billion During 2023-2030 - Growth of Family Office Services and Estate Planning Drives Expansion

2024-08-07T08:46:43Z

Dublin, Aug. 07, 2024 (GLOBE NEWSWIRE) -- The "Trust and Corporate Services - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Trust and Corporate Services is estimated at US$8.0 Billion in 2023 and is projected to reach US$9.1 Billion by 2030, growing at a CAGR of 1.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.



The growth in the trust and corporate services market is driven by several factors. The increasing globalization of businesses and investments has heightened the need for sophisticated trust and corporate services to manage cross-border operations and compliance. Regulatory changes and the rising complexity of financial markets require specialized expertise to navigate effectively, boosting demand for these services.

Technological advancements have also played a crucial role, enabling providers to offer more efficient, secure, and scalable solutions. Furthermore, the growing wealth of high-net-worth individuals and families, particularly in emerging markets, is driving demand for trust services to manage and protect their assets.

The trend towards outsourcing non-core functions to specialized service providers allows businesses to focus on their primary activities while ensuring compliance and operational efficiency. These factors collectively ensure robust growth in the trust and corporate services market, meeting the evolving needs of a dynamic and complex global business environment.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Trust and Corporate Services Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Trust and Corporate Services Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Trust and Corporate Services for Large Enterprises segment, which is expected to reach US$6.2 Billion by 2030 with a CAGR of a 1.5%. The Trust and Corporate Services for Small & Medium Enterprises segment is also set to grow at 2.4% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $2.2 Billion in 2023, and China, forecasted to grow at an impressive 3.7% CAGR to reach $1.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Bain & Company, Inc., Cafico International, Computershare Limited, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Key Attributes:

Report AttributeDetails
No. of Pages250
Forecast Period2023 - 2030
Estimated Market Value (USD) in 2023$8 Billion
Forecasted Market Value (USD) by 2030$9.1 Billion
Compound Annual Growth Rate1.8%
Regions CoveredGlobal


MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Global Economic Update
  • Trust and Corporate Services - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)

MARKET TRENDS & DRIVERS

  • Increasing Complexity of Regulatory Compliance Propels Demand
  • Technological Innovations in Trust and Corporate Service Platforms Strengthen Business Case
  • Rising Demand for Asset Protection and Wealth Management Services Drives Market
  • Expansion of Global Business Operations and Cross-border Transactions Generates Opportunities
  • Impact of Digital Transformation on Trust and Corporate Services Drives Adoption
  • Rising Number of High-net-worth Individuals (HNWIs) and Ultra-high-net-worth Individuals (UHNWIs) Propels Market
  • Growth of Family Office Services and Estate Planning Drives Market Expansion
  • Innovations in Blockchain Technology and Smart Contracts Enhance Service Offerings
  • Expansion of Fiduciary Services and Corporate Governance Solutions Boosts Market

FOCUS ON SELECT PLAYERS(Total 86 Featured)

  • Bain & Company, Inc.
  • Cafico International
  • Computershare Limited
  • IQ-EQ
  • JTC PLC
  • KYC360
  • Oak Group
  • Ocorian Services Limited
  • The Citco Group Limited
  • TMF Group BV
  • Trident Trust Group
  • VGV Corporate
  • Vistra ITCL (India) Limited
  • VIVANCO & VIVANCO
  • Wolters Kluwer N.V.

For more information about this report visit https://www.researchandmarkets.com/r/lelr0l

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Attachment

CONTACT: ResearchAndMarkets.com 
         Laura Wood,Senior Press Manager 
         [email protected]
         For E.S.T Office Hours Call 1-917-300-0470 
         For U.S./ CAN Toll Free Call 1-800-526-8630 
         For GMT Office Hours Call +353-1-416-8900