Custody Service Market Report 2025 (Global Edition)

Global Custody Service Market Report 2025 Market Size Split by Asset Class (Equities, Fixed Income, Commodities, Alternative Investments), by Custody Type (Physical Custody, Virtual Custody, Sub-Custo...

Custody Service Market Report Description

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Competitive Landscape of the Custody Service Market

Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge reagents, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.

Top Companies Market Share in Custody Service Industry: (In no particular order of Rank)

• Société Générale S.A.
• P. Morgan Chase Co.
• Morgan Stanley
• UBS Group AG
• Goldman Sachs Group Inc.
• Deutsche Bank AG
• State Street Corporation
• The Bank of New York Mellon Corporation
• SS Technologies Holdings Inc.
• Citigroup Inc.
• HSBC Holdings plc
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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In terms of revenue, the North American Custody Service Market share was 40% of the total market

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The region's growing wealth management industry and more complex regulations drive growth in North America's custodial services market. The need for safe asset custody solutions grows as the world's wealth increases. Additionally, the complex regulatory environment—including laws like GDPR and MiFID II—drives up the demand for compliant custody services, especially for cross-border investments, which creates growth prospects in the North American market.

The European region is witnessing an increase in the sales of reagents. Because of the region's thriving wealth management sector and the more complicated regulations such as GDPR and MiFID II—the market for custody services is growing in Europe. The need for safe and legal custody options grows along with affluence. As a result, custodial businesses are offered development prospects in Europe as they meet the changing demands of the wealth management industry while maintaining regulatory compliance.

The current report Scope analyzes Custody Service Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Custody Service Market Analysis

According to Cognitive Market Research, the global Custody Service market size was estimated at USD 34512.2 Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD 13804.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.1% from 2024 to 2031. The booming wealth management sector and growing regulatory complexity in North America are driving the market for custody services to develop rapidly. The need for safe and effective custody solutions is fueled by the region's growing wealth, and the need for compliance custody services—especially for cross-border investments—is driven by the evolution of legislation like MiFID II and GDPR. The integration of clearing and settlement services is one market area that is expanding significantly as investors look for all-inclusive post-trade solutions. The demand for custodial services is expected to remain high as long as North America prioritizes wealth management and regulatory compliance. This will present custodial firms with opportunities to offer creative solutions that are suited to the region's particular needs and will also help to maintain the efficiency and stability of the region's financial markets.

• According to Cognitive Market Research, the US had a major share in the Custody Service market with a market size of USD 10892.05 million in 2024 and is projected to grow at a CAGR of 6.9% during the forecast period. The demand is amplified by the nation's dynamic growth. 
• The Canada Custody Service market had a market share of USD 1656.59 million in 2024 and is projected to grow at a CAGR of 7.9% during the forecast period. Canada's rising support in end-use.
• The Mexico Custody Service market is projected to witness growth at a CAGR of 7.6% during the forecast period with a market size of USD 1256.24 million in 2024.

Europe Custody Service Market Analysis

According to Cognitive Market Research, with a market value of USD 34512.2 million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031. Europe accounted for a share of over 30% of the global Custody Service market size of USD 10353.66 million. The European Custody Service market is growing as a result of the region's thriving wealth management industry and increasingly complicated laws, which are particularly impacted by GDPR and MiFID II. The need for safe asset custody solutions is increasing along with the wealth management business, and compliance with regulations is required, particularly for cross-border transactions, due to strict requirements. The integration of clearing and settlement services to address the changing needs of investors navigating complicated regulatory landscapes is a noteworthy segment driving growth. The need for custodial services is predicted to be strong as long as Europe places a high priority on wealth management and regulatory compliance. This presents custodial enterprises with chances to provide customized solutions and enhance the effectiveness and stability of the European financial markets.

• The United Kingdom Custody Service market had a market share of USD 1739.41 million in 2024 and is projected to grow at a CAGR of 8.2% during the forecast period. In the UK, Custody Service sales witness an upswing due to the nation's robust collaborations between academia and industry. 
• The France Custody Service market is projected to witness growth at a CAGR of 6.6% during the forecast period with a market size of USD 952.54 million in 2024.
• According to Cognitive Market Research, the Germany Custody Service market size was valued at USD 2050.02 million in 2024 and is projected to grow at a CAGR of 7.6% during the forecast period. In Germany, Custody Service sales surge due to the nation's technology. 
• The Italy Custody Service market is projected to witness growth at a CAGR of 6.8% during the forecast period with a market size of USD 890.41 million in 2024.
• The Russia Custody Service market is projected to witness growth at a CAGR of 6.4% during the forecast period with a market size of USD 1604.82 million in 2024.
• The Spain Custody Service market is projected to witness growth at a CAGR of 6.5% during the forecast period with a market size of USD 849.00 million in 2024.
• The Luxembourg Custody Service market is projected to witness growth at a CAGR of 7.5% during the forecast period with a market size of USD 320.96 million in 2024.
• The Portugal Custody Service market is projected to witness growth at a CAGR of 7.7% during the forecast period with a market size of USD 124.24 million in 2024.
• The Greece Custody Service market is projected to witness growth at a CAGR of 7.7% during the forecast period with a market size of USD 124.24 million in 2024.
• Rest of Europe Custody Service market is projected to witness growth at a CAGR of 6.1% during the forecast period with a market size of USD 1604.82 million in 2024.

Asia Pacific Custody Service Market Analysis

According to Cognitive Market Research, the global Custody Service market size was estimated at USD 34512.2 Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 7937.81 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.9% from 2024 to 2031. The Asia Pacific region's expanding wealth management sector and tightening regulations are fueling the market's explosive growth in custody services. There is an increasing need for safe and effective custody solutions to handle assets as wealth amasses throughout the region. Compliant custody services are also becoming more and more necessary due to the constantly changing regulatory environment, which includes laws like GDPR and MiFID II. This is especially true for cross-border assets. Adoption of integrated clearing and settlement services, which meet the needs of investors traversing complicated regulatory settings, is one market sector propelling expansion. The need for custodial services is anticipated to stay high as long as Asia Pacific maintains its focus on wealth management and regulatory compliance.

• According to Cognitive Market Research, the China Custody Service market size was valued at USD 3572.01 million in 2024 and is projected to grow at a CAGR of 10.4% during the forecast period. Custody Service sales surge in China due to the nation's rapid expansion in end use industry.
• The Japan Custody Service market is projected to witness growth at a CAGR of 9.4% during the forecast period with a market size of USD 1095.42 million in 2024.
• The India Custody Service market had a market share of USD 952.54 million in 2024 and is projected to grow at a CAGR of 12.7% during the forecast period. The demand is augmented by India's increasing middle class people.
• The South Korea Custody Service market is projected to witness growth at a CAGR of 10.0% during the forecast period with a market size of USD 793.78 million in 2024.
• The Australia Custody Service market is projected to witness growth at a CAGR of 10.6% during the forecast period with a market size of USD 412.77 million in 2024.
• The South East Asia Custody Service market is projected to witness growth at a CAGR of 11.9% during the forecast period with a market size of USD 547.71 million in 2024.
• The Rest of Asia Pacific Custody Service market is projected to witness growth at a CAGR of 10.7% during the forecast period with a market size of USD 563.58 million in 2024.

South America Custody Service Market Analysis

According to Cognitive Market Research, the global Custody Service market size was estimated at USD 34512.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 1725.61 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.3% from 2024 to 2031. the region's growing wealth management sector and rising regulatory requirements are driving the growth of the Custody Service market. In order to manage assets effectively, there is an increasing need for safe and effective custody solutions as wealth amasses throughout the region. Furthermore, the need for compliance custody services is increasing due to the changing regulatory environment, which includes laws like GDPR and MiFID II. This is especially true for cross-border operations. The integration of clearing and settlement services is a growing market that caters to the intricate requirements of investors who must navigate regulatory regimes. The need for custodial services is predicted to stay strong as Latin America places a high priority on wealth management and regulatory compliance. This presents potential for custodial enterprises to offer customized solutions and support the effectiveness and stability of the region's financial markets.

• According to Cognitive Market Research, the Brazil Custody Service market size was valued at USD 738.56 million in 2024 and is projected to grow at a CAGR of 8.9% during the forecast period. Custody Service sales flourish in Brazil due to the wealth management growth.
• The Argentina Custody Service market had a market share of USD 289.90 million in 2024 and is projected to grow at a CAGR of 9.2% during the forecast period. The demand is augmented by Argentina's commitment to technological advacement.
• The Colombia Custody Service market is projected to witness growth at a CAGR of 8.1% during the forecast period with a market size of USD 153.58 million in 2024.
• The Peru Custody Service market is projected to witness growth at a CAGR of 8.5% during the forecast period with a market size of USD 141.50 million in 2024.
• The Chile Custody Service market is projected to witness growth at a CAGR of 8.6% during the forecast period with a market size of USD 124.24 million in 2024.
• The Rest of Latin America Custody Service market is projected to witness growth at a CAGR of 7.4% during the forecast period with a market size of USD 277.82 million in 2024.

Middle East Custody Service Market Analysis

According to Cognitive Market Research, the global Custody Service market size was estimated at USD 34512.2 Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 860.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.6% from 2024 to 2031. The market for custody services is rising in the Middle East and Africa (MEA) area due to the region's growing wealth management industry and more stringent regulations. In order to manage assets effectively, there is an increasing need for safe and effective custody solutions due to the region's wealth increase. Compliant custody services are also becoming more and more necessary due to the constantly changing regulatory environment, which includes laws like GDPR and MiFID II. This is especially true for cross-border transactions. The integration of clearing and settlement services is a growing market that caters to the intricate requirements of investors who must navigate regulatory regimes. The need for Custody Services is anticipated to stay high as long as MEA prioritizes wealth management and regulatory compliance, offering custodial enterprises the chance to contribute and offer customized solutions.

• According to Cognitive Market Research, the GCC Countries Custody Service market size was valued at USD 295.42 million in 2024 and is projected to grow at a CAGR of 9.4% during the forecast period. Custody Service sales flourish in the GCC Countries due to the region's strategic investments in research and advancements.
• The Egypt Custody Service market is projected to witness growth at a CAGR of 8.9% during the forecast period with a market size of USD 72.48 million in 2024.
• The South Africa Custody Service market is projected to witness growth at a CAGR of 9.6% during the forecast period with a market size of USD 109.06 million in 2024. Custody Service sales flourish in the South Africa due to the region's strategic investments in research and advancements.
• The Turkey Custody Service market is projected to witness growth at a CAGR of 8.1% during the forecast period with a market size of USD 59.36 million in 2024.
• The Nigeria Custody Service market is projected to witness growth at a CAGR of 7.7% during the forecast period with a market size of USD 72.48 million in 2024.
• The Rest of MEA Custody Service market is projected to witness growth at a CAGR of 7.6% during the forecast period with a market size of USD 81.45 million in 2024.

Custody Service Market Analysis

Asset Class Segment Analysis of Custody Service Market

The Custody Service market is typically segmented by Asset Class, which play a significant role in determining the structure and growth potential of the industry. Understanding the market by Asset Class allows businesses to focus on specific product categories that are likely to perform the best in the coming years. By understanding the performance and demand trends of each type, companies can target the most lucrative segments, innovate within specific categories, and develop products or services that align with the needs of their target customers. Analyzing the growth patterns by type helps to pinpoint which segments are most likely to grow at an accelerated pace and which ones might experience slower or stagnant growth.

Asset Class of Custody Service analyzed in this report are as follows:

• Equities
• Fixed Income
• Commodities
• Alternative Investments

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Custody Service Industry. Request a Free Sample PDF!

Custody Type Segment Analysis of Custody Service Market

Market segmentation by Custody Type is another crucial element in understanding the dynamics of the Custody Service industry. Applications refer to the specific uses or end-user industries that drive demand for the Custody Service products or services. These can vary widely, depending on the nature of the market, ranging from healthcare, manufacturing, and retail to more specialized sectors like aerospace, automotive, and telecommunications. By breaking down the market according to its applications, businesses can gain insight into which industries are adopting Custody Service-related solutions most effectively, and where new opportunities are emerging.

Moreover, analyzing application trends helps in recognizing which industries are growing faster, where innovations are occurring, and which markets are saturated, allowing businesses to strategically position themselves in the most promising areas of the market. Get in touch with us to receive industry-specific insights tailored to your needs
 

Some of the key Custody Type of Custody Service are:

• Physical Custody
• Virtual Custody
• Sub-Custody

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Custody Service Custodian Type Segment Analysis

• Bank Custodians
• Non-Bank Custodians
• Independent Custodians

Custody Service End Client Type Segment Analysis

• Institutional Investors
• Retail Investors
• Family Offices

Custody Service Service type Segment Analysis

• Safekeeping
• Settlement
• Proxy Voting
• Corporate Actions Processing

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

Author's Conclusion