With growth on average near 6 percent per year in the last years, the global custody services market reached a total of $31 billion last year, according to a report from The Business Research Company. Successful blockchain implementations will be key to further success for the remaining actors in the industry, the firm advises.
Fixed income assets – as different from equities and alternative/other assets – are in focus for The Business Research Company (TBRC) as it seeks to predict the future success strategies for global custodians in a new report. The fixed income segment makes up over two thirds of the total custody services market – and is also expected to show the fastest growth, near 9 percent per year, according to the analyst house.
“To take advantage of these opportunities, The Business Research Company recommends the Custody Services manufacturing companies to invest in blockchain technology, restructuring to gain market share inorganically and remain competitive, investing in data management tools such as cloud computing to provide a seamless service, investing in cyber, and investing in robotic process automation (RPA) to increase efficiencies,” the company proposes.
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