The Business Research Company’s latest report Asset Servicing Global Market Report 2020 covers Asset Servicing market drivers, Asset Servicing market trends, Asset Servicing market segments, Asset Servicing market growth rate, Asset Servicing market major players, and Asset Servicing market size. The report provides in-depth analysis of the impact of COVID-19 on the Asset Servicing industry, along with revised market numbers due to the effects of the coronavirus.
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Asset Servicing Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global asset servicing market is expected to decline from $612.42 billion in 2019 and to $551.02 billion in 2020 at a compounded annual growth rate (CAGR) of -10.03%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $729.50 billion in 2023 at a CAGR of 9.8%.
The report covers the Asset Servicing market’s segments-
1) By Service: Fund Services, Custody And Accounting, Outsourcing Services, Securities Lending.
2) By End-User: Capital Markets, Wealth Management Firms.
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